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EURUSD

  • #341,921
  • Dec 8, 2010 5:28am Dec 8, 2010 5:28am
Quoting kuroro001
Hi,

There is no proper chart to show profit taking.
But here is my reasons why i said it was not profit taking :
Since it broke 1,3250 it went down on low vol, all the volume appeared on the doji (H1) or compressed bar (for me a compressed bar. The volume was high went it hit the support, then it bounced off.
From my experience when i see big vol like that its not profit taking but people positioning in a trade.

i will try to post a chart detailing what i said.

Now the highest daily target is 1,3385.
targets for longs are
1,3265-80
1,3300-10
1,3385-1,3400

We'll...
Thank you for the explanation. I look forward to your chart. Meanwhile I'll try to get hold on a feed that is more reliable (volume wise) than my current broker.

Cheers
"Put your shoulder to the wheel!"
  • #341,922
  • Dec 8, 2010 5:28am Dec 8, 2010 5:28am
Quoting Traderji
All we need is a poster called Beaver and it would be Xmas come early.
come on, that's 80's style
  • #341,923
  • Dec 8, 2010 5:28am Dec 8, 2010 5:28am
Quoting fx111
I think 3293 is a sell also. Also a 50% fibo there.
I'm based in this chart. I see a possible correction between (B and b) in worst of scenarios (B to c) then i still bet in a DOWN move into the targets that i refer before. But in this market nothing is static so we must take attention and be with eyes open. We can drop from here, without go higher.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EU1h_08122010.jpg Size: 659 KB
"Por mais fundo que seja o buraco, pelo menos esse não tem terra em cima"
  • #341,924
  • Dec 8, 2010 5:29am Dec 8, 2010 5:29am
Quoting PipChick
Noooooooo it would put you in the gutter.lol
Now, I think I'm just killing time to NY open. I'm flat on my trades.
  • #341,925
  • Dec 8, 2010 5:30am Dec 8, 2010 5:30am
Quoting kuroro001
Here is the chart.
The purple circle are the high vol on compressed or doji bar...probably buyers stepping in so you can't see them
The blue circle is a reversal pattern confirmed by a follow through.

It might bounce off 1,3230 to go to the first resistance.

Time will tell...and my SL will be there.

Attachment
Yes is NFP buyers. Some bears here (including me) are taking this on the daily. (check and see what I mean). I agree with your intraday chart but the daily play is aligned to break that NFP area. As you said, time will tell. Best of luck.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #341,926
  • Dec 8, 2010 5:30am Dec 8, 2010 5:30am
Quoting swing 123
HI guys

bears need to take out 3207? otherwise we r going all the way up
Hey GAT still holding 3207
Attached Image (click to enlarge)
Click to Enlarge Name: 1111.png Size: 60 KB
  • #341,927
  • Dec 8, 2010 5:30am Dec 8, 2010 5:30am
Quoting Abu-Rami
1st Short order activated targeting 1.3170 with 58 pips.. let's see
those who can, do. those who cant, talk about those who can
  • #341,928
  • Dec 8, 2010 5:31am Dec 8, 2010 5:31am
Quoting conquer
Hi all,

Newbie reporting. Would like to know if anyone could explain or is there any technical indicators which could point to such a long rally about one hour ago since the low at 1.3178? Any way to forecast such a change of dirsction-rally?

How do you guys tell if a change in the direction is a retracement or a valid trend change?

Thanks for your enlightenment.

Aim to conquer many pips soon!
Any advice please?? Are we now safe on the bear track?? Seems like there are many who are longing too...
  • #341,929
  • Dec 8, 2010 5:31am Dec 8, 2010 5:31am
Quoting Mr Hatch
come on, that's 80's style
LOL, you guys are killing me.
  • #341,930
  • Dec 8, 2010 5:32am Dec 8, 2010 5:32am
Quoting swing 123
Hey GAT still holding 3207
i could of swore we went below.
those who can, do. those who cant, talk about those who can
  • #341,931
  • Dec 8, 2010 5:34am Dec 8, 2010 5:34am
Quoting gatorinla
lots of crack smokers in forex
Ahh ... therefore so many losers ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #341,932
  • Dec 8, 2010 5:35am Dec 8, 2010 5:35am
If price attempts that pivot again without breaking thru, I will TP
  • #341,933
  • Dec 8, 2010 5:35am Dec 8, 2010 5:35am
Quoting mercy seat
Ahh ... therefore so many losers ...
ya, 95% losers.
  • #341,934
  • Dec 8, 2010 5:35am Dec 8, 2010 5:35am
Quoting swing 123
i.e. 3207 on closing basis ofcourse
  • #341,935
  • Dec 8, 2010 5:35am Dec 8, 2010 5:35am
Quoting Mr Hatch
come on, that's 80's style
Inserted Video
those who can, do. those who cant, talk about those who can
  • #341,936
  • Dec 8, 2010 5:37am Dec 8, 2010 5:37am
exiting my scalp -4 pips
I SEE YOU !!
  • #341,937
  • Dec 8, 2010 5:38am Dec 8, 2010 5:38am
Quoting gatorinla
i could of swore we went below.
alright i give u benefit of doubt if u dont mind to save ur N_ts
  • #341,938
  • Dec 8, 2010 5:39am Dec 8, 2010 5:39am
im flat for now
  • #341,939
  • Dec 8, 2010 5:40am Dec 8, 2010 5:40am
Quoting gatorinla
http://www.youtube.com/watch?v=CwatKzxVToo
Onlyy snag is a little boy called beaver, but there is a wally in there too lol
  • #341,940
  • Dec 8, 2010 5:40am Dec 8, 2010 5:40am
Quoting gatorinla
http://www.youtube.com/watch?v=CwatKzxVToo
oh, i like those cosy tv-shows.
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