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EURUSD

  • #343,241
  • Dec 9, 2010 3:51pm Dec 9, 2010 3:51pm
We fell as low as 1.3164 before staging a rebound into the European close. The rebound accelerated, taking EUR/USD toward 1.3250 after a successful US 30-year bond auction soothed jitters that a further rout in the US bond market lay ahead. Yields stopped rising and dipped a bit after the auction which prompted the dollar to ease a bit across the board.

(Where we can get the information about bond )
  • #343,242
  • Dec 9, 2010 3:52pm Dec 9, 2010 3:52pm
Quoting moonchild
There is a nice double top so now we can look to the downside again and let this movement finish the way it should have already.
Smaller time frame looks bullish if we break 1.3250 area.. all is open... probably going sideways now for some time..
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  • #343,243
  • Dec 9, 2010 4:05pm Dec 9, 2010 4:05pm
Quoting pinkiaiii
its not the right forum but looking at usd/jpy daily chart theres two strong candles showing change of directions,any thoughts from more experienced traders on this ?
Hey bro...

I shorted this one last night as it was GREAT RR as you can see rom my chart... It's not clear cut yet whether the dollar will start showing weakness yet and we are entering the "dead Zone" time period just before and after Xmas so I'd be worried to take a longer term position now.

If you are lucky enough that it goes back up to 8420ish then I'd say yes but at the current point, where would you place your stop? Above 8450 would be the Ideal place but thats 80 pips away, you would then be bargaining on a break of 83.50 level just to get 1:1 RR...

Wait and get in at top or wait for break of 8350!
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@pawpaw1000 on Twitter
  • #343,244
  • Dec 9, 2010 4:23pm Dec 9, 2010 4:23pm
Breaks 1.3275 leads to 1.33+
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Disclaimer: Check your 1m charts
  • #343,245
  • Dec 9, 2010 4:23pm Dec 9, 2010 4:23pm
Quoting TudorJonesJR
Smaller time frame looks bullish if we break 1.3250 area.. all is open... probably going sideways now for some time..
I think that that pattern has failed due to the price not going up after completing the handle. It should have started to rise immediately or almost. Instead it has continued to go sideways.

I may be totally wrong here, but I see the previous downtrend as incomplete and little bull strength to turn it around. I am thinking that it will continue sideways until asian session and then head down either then or at LO.
  • #343,246
  • Dec 9, 2010 4:39pm Dec 9, 2010 4:39pm
My opinion.
The market is going down because of the convergence between the directions of the price and Stochastic.
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  • #343,247
  • Dec 9, 2010 4:40pm Dec 9, 2010 4:40pm
Looking for upside in Asia

Social Welfare Bill passed by Irish government

http://www.rte.ie/news/2010/1209/budget.html
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Disclaimer: Check your 1m charts
  • #343,248
  • Dec 9, 2010 4:43pm Dec 9, 2010 4:43pm
Quoting rome777
My opinion.
The market is going down because of the convergence between the directions of the price and Stochastic.
Usualy we believe in what we hope....iam praying for your opinion cam true!
  • #343,249
  • Edited 4:51pm Dec 9, 2010 4:45pm | Edited 4:51pm
http://img1.imagehyper.com/t/0/0/345...3-d480b3c0.gif

This is my Chart update.
Look like the Trend right now is neutral

I only earn around 20pips of that trade. r
I decide to exit when the candlestick is touch the Ichimoku kinko hyo

Read Full post....
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  • #343,250
  • Dec 9, 2010 4:47pm Dec 9, 2010 4:47pm
Quoting gatorinla
new low or db.. to stay in the channel its still early for 3110
central pivot and daily pivot within a few pips of each other, we may get a fake one way, and then ak's turn and burn. My gut says a break lower and then higher, but this miserable pa may put me to sleep before it plays out.
  • #343,251
  • Dec 9, 2010 4:57pm Dec 9, 2010 4:57pm
Quoting rome777
My opinion.
The market is going down because of the convergence between the directions of the price and Stochastic.
I agree, in 2-3 hours we'll back to daily lows...
  • #343,252
  • Edited 5:12pm Dec 9, 2010 5:02pm | Edited 5:12pm
Quoting pawpaw1000
Hey bro...

If you are lucky enough that it goes back up to 8420ish then I'd say yes but at the current point, where would you place your stop? Above 8450 would be the Ideal place but thats 80 pips away, you would then be bargaining on a break of 83.50 level just to get 1:1 RR...

Wait and get in at top or wait for break of 8350!
yeah above 8450 is definitely a stop zone for shorts,I use oanda broker and on statistics it shows that 0ver 70% are longs,and most of them were open above 84 Also week is ending and holidays are on the nose,most gonna want to start a fresh new year or maybe just me
  • #343,253
  • Dec 9, 2010 5:35pm Dec 9, 2010 5:35pm
Quoting gatorinla
i just cant believe how easily we broke 3264. this is not a weak move....both tl at 3264
Inserted Video
those who can, do. those who cant, talk about those who can
  • #343,254
  • Dec 9, 2010 5:37pm Dec 9, 2010 5:37pm
Quoting bigandrich
central pivot and daily pivot within a few pips of each other, we may get a fake one way, and then ak's turn and burn. My gut says a break lower and then higher, but this miserable pa may put me to sleep before it plays out.
i dont know.. i dont put my left nut on the line for just any setup.
those who can, do. those who cant, talk about those who can
  • #343,255
  • Dec 9, 2010 5:45pm Dec 9, 2010 5:45pm
Quoting gatorinla
http://www.youtube.com/watch?v=GFymnAeDylk
you expect that a down move is coming closer ?

or that the upward move is growing slowly?
  • #343,256
  • Dec 9, 2010 6:00pm Dec 9, 2010 6:00pm
Quoting reaperunique
you expect that a down move is coming closer ?

or that the upward move is growing slowly?
im playing a higher tf.. so what i expect can break you. look at last nights top on the 1h time frame.. look at the current one... look at other tops. you be the judge..

i dont think we will freely pass this area much longer. the gate will close. and its better to be on the right side. those pivots followed pa.. pa has always respected this area, (since 2007) causing the pivots to be here. this chart and 3264 is a few weeks old. that # is now lower..
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those who can, do. those who cant, talk about those who can
  • #343,257
  • Dec 9, 2010 6:05pm Dec 9, 2010 6:05pm
down to 3224 now. hopefull 3110 after.. but its to early if the channel holds.
those who can, do. those who cant, talk about those who can
  • #343,258
  • Dec 9, 2010 6:05pm Dec 9, 2010 6:05pm
Quoting gatorinla
im playing a higher tf.. so what i expect can break you. look at last nights top on the 1h time frame.. look at the current one... look at other tops. you be the judge..

i dont think we will freely pass this area much longer. the gate will close. and its better to be on the right side. those pivots followed pa.. pa has always respected this area, (since 2007) causing the pivots to be here. this chart and 3264 is a few weeks old. that # is now lower..
why was it so easy to pass it then?
  • #343,259
  • Dec 9, 2010 6:14pm Dec 9, 2010 6:14pm
Quoting gatorinla
down to 3224 now. hopefull 3110 after.. but its to early if the channel holds.
well it's always nice to hear the thoughts of somebody who has experience in higher TF's


Quoting Mr Hatch
why was it so easy to pass it then?
strong big (polar)bears?
  • #343,260
  • Dec 9, 2010 6:15pm Dec 9, 2010 6:15pm
Quoting Mr Hatch
why was it so easy to pass it then?
look at the date.. we were in a free fall then.. little to no retrace. until we stopped to the pip on the 2008 chart. once we crossed its crossed easily till its not.
those who can, do. those who cant, talk about those who can
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