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  • #341,261
  • Dec 7, 2010 11:13am Dec 7, 2010 11:13am
Quoting goods
looks like price is getting bullish again. Man today threw me in a head spin. Today was a losing day for me. I think alot of people were thrown off today. Looks like they are going for 1.34 again. probably get there before asia
its a normal bearish move thus far.
those who can, do. those who cant, talk about those who can
  • #341,262
  • Dec 7, 2010 11:13am Dec 7, 2010 11:13am
http://www.rte.ie/news/2010/1207/liv...t_updates.html
  • #341,263
  • Dec 7, 2010 11:14am Dec 7, 2010 11:14am
Quoting T@rantula
3195 could be next
for me faaaar faaar for now my tp 1 1.3250
  • #341,264
  • Dec 7, 2010 11:15am Dec 7, 2010 11:15am
Barclays' take: http://www.businessweek.com/news/201...lays-says.html

Excerpt:
Euro Won’t Have ‘Relief Rally’ on Irish Budget, Barclays Says

December 07, 2010, 6:54 AM EST
By Lucy Meakin

Dec. 7 (Bloomberg) -- The euro is unlikely to have a “relief rally” should Ireland’s austerity budget be approved by lawmakers in Dublin today, and a drop by the currency remains possible, according to Barclays Plc.


Irish news radio is covering the budget vote. To listen to Irish news radio, go to RTE Radio 1: http://www.rte.ie/radio/how_listen.html
  • #341,265
  • Dec 7, 2010 11:16am Dec 7, 2010 11:16am
Quoting gatorinla
its a normal bearish move thus far.
You know i start thinking which tl's are valid, which divergence is valid, which pirce level is valid.

So many different areas do we ever really know where things will happen.

I guess this is where stop losses come into play because we never know. We can take a setup but they aree not guarenteed.

Today threw me off with this and I posted on this forum like an idiot, I think I will refrain from posting things which I see for a while till I have some clear direction.


If I would have stuck with what I say yesterday I would be doing very nicely.
Know when to hold em, Know when to fold em!
  • #341,266
  • Dec 7, 2010 11:16am Dec 7, 2010 11:16am
Is now forming an up or just retrace to go short again
  • #341,267
  • Dec 7, 2010 11:16am Dec 7, 2010 11:16am
Quoting T@rantula
Thats 1 2 3 reversal M ( bearish pattern) I usually enter at the break of 2nd focal point

Attachment
i did early cause of 3316 (posted green chart) in the posted chart and the 200ema 15m.. it fell at the upper tl of the W. .... sl is limitd there. plus we already failed the new high and broke the st tl.. we are also now below the tl from 2008 bottom.
those who can, do. those who cant, talk about those who can
  • #341,268
  • Dec 7, 2010 11:22am Dec 7, 2010 11:22am
Quoting T@rantula
Thats 1 2 3 reversal M ( bearish pattern) I usually enter at the break of 2nd focal point

Attachment
this don't hurt either
Attached Image (click to enlarge)
Click to Enlarge Name: bear5.PNG Size: 44 KB
those who can, do. those who cant, talk about those who can
  • #341,269
  • Dec 7, 2010 11:22am Dec 7, 2010 11:22am
Quoting gstrange
why?
look at stochastics on daily chart & downmove was very weak - fight between bears and bulls - we retraced 100 pips in 4 hours. There will be some data released from japan at 23:50gmt which will send euro to 1.34 and up.
  • #341,270
  • Dec 7, 2010 11:24am Dec 7, 2010 11:24am
Quoting johnnyrei
look at stochastics on daily chart & downmove was very weak - fight between bears and bulls - we retraced 100 pips in 4 hours. There will be some data released from japan at 23:50gmt which will send euro to 1.4 and up.
no way ,.. dont think so , you dont respect fundamental analysis?
  • #341,271
  • Dec 7, 2010 11:29am Dec 7, 2010 11:29am
Quoting goods
You know i start thinking which tl's are valid, which divergence is valid, which pirce level is valid....
#341263 it usually bounces after any tl are target is hit. no matter the way you derived to target. im unorthodoxy for sure. but the rest remains true. we have been in a down trend since 1.6... its not a straight line. a larger tf takes a larger amount of time.
those who can, do. those who cant, talk about those who can
  • #341,272
  • Dec 7, 2010 11:30am Dec 7, 2010 11:30am
Quoting AmeriTrini
I call a top for the correction at 1.3425. Resumption of MAJOR BEAR trend to continue soon.
I am with this group believing this on wave basis or simply by believe but so far pa is a bull . it should start also at the next wave up & if only fail due any reason or have some failure at top may only will consider resumption bear .
fontu

actually while writing took one long & now it is going positive , sl set at 3273 & tp open to see next day if alive .
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 15 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,273
  • Edited 1:00pm Dec 7, 2010 11:30am | Edited 1:00pm
Quoting AmeriTrini
I call a top for the correction at 1.3425. Resumption of MAJOR BEAR trend to continue soon.
I posted it this morning. One of my first post. Let's see how it pans out but I think this pair is in for a red December.
  • #341,274
  • Dec 7, 2010 11:33am Dec 7, 2010 11:33am
Quoting gatorinla
#341263 it usually bounces after any tl are target is hit. no matter the way you derived to target. im unorthodoxy for sure. but the rest remains true. we have been in a down trend since 1.6... its not a straight line. a larger tf takes a larger amount of time.
Yep I agree, and yes looking bearish, closed this trade out 3 pips profit. perhaps its time to start setting be sl's and start taking off 10 pips off the table at a time
Know when to hold em, Know when to fold em!
  • #341,275
  • Dec 7, 2010 11:35am Dec 7, 2010 11:35am
Quoting Tomex
no way ,.. dont think so , you dont respect fundamental analysis?

we just crossed 38,2 fib

tell me your fundamentals please - i respect everything on this forum - seriously.
  • #341,276
  • Dec 7, 2010 11:36am Dec 7, 2010 11:36am
Quoting goods
Yep I agree, and yes looking bearish, closed this trade out 3 pips profit. perhaps its time to start setting be sl's and start taking off 10 pips off the table at a time
if we go lower in the next 30 min.. it should bounce up at around 3276/80... for a chance to reload a scalp.. 3276 is harder. 80 is a floater moving lower with time. 3262 and 12 atm are areas of interest. those areas will tell you who has the ball. thus far its the bears. 3262 is above the line needed for bears to cross. since 62 is just above it may help bears cross more easily.
those who can, do. those who cant, talk about those who can
  • #341,277
  • Dec 7, 2010 11:40am Dec 7, 2010 11:40am
Quoting johnnyrei
we just crossed 38,2 fib

tell me your fundamentals please - i respect everything on this forum - seriously.
no no no realize just one thing , ... why this beast should go up when the EU is on its own knees , ... the only thing why this could go up is just a simply speculation from the side of big boys or solving the problem with the inflation of depth ? (sry for spelling ) ,... TA is good im also just ta trader but sometimes we must respect the FA ,...and vise versa ,... (just my opinion )
  • #341,278
  • Dec 7, 2010 11:42am Dec 7, 2010 11:42am
Quoting Tomex
no no no realize just one thing , ... why this beast should go up when the EU is on its own knees , ... the only thing why this could go up is just a simply speculation from the side of big boys or solving the problem with the inflation of depth ? (sry for spelling ) ,... TA is good im also just ta trader but sometimes we must respect the FA ,...and vise versa ,... (just my opinion )
ok - eu is in bad shape - but us is 1 step ahead going into meltdown - for me simple as that...
  • #341,279
  • Dec 7, 2010 11:44am Dec 7, 2010 11:44am
There are a little over 72hrs of trading left. I see the week ending under 1.2900...........happy trading!
  • #341,280
  • Dec 7, 2010 11:44am Dec 7, 2010 11:44am
Quoting johnnyrei
ok - eu is in bad shape - but us is 1 step ahead going into meltdown - for me simple as that...
yop of course two sided blade ,.. but 1.4 is too much dont you think ?
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