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  • #344,641
  • Dec 13, 2010 6:28am Dec 13, 2010 6:28am
there hasn't been an excuse to short yet for the past 5 hours.

if 3282 doesn't hold price, 3320 looks good as next target.

if we break back under 3250, then we may challenge the DPP again which could open up more downside, but judging from the rounding bottom and last 1H candle, that wouldn't be plan A in my book. 3250 is decent retrace target off the current high. waiting to see how 3270 (weekly pivot) firms up atm.

(trading on handheld, pardon the tiny chart )
Attached Image
  • #344,642
  • Dec 13, 2010 6:32am Dec 13, 2010 6:32am
My opinion comes true!
  • #344,643
  • Dec 13, 2010 6:35am Dec 13, 2010 6:35am
OK my new target for today is 3405

3360 soon (next half hour)
pullback to 3340 @ 15:00
17:00 3395 little pullback
22:00 3405
Founder of Sutherland Wave Principle
  • #344,644
  • Dec 13, 2010 6:36am Dec 13, 2010 6:36am
Quoting kuroro001
This move must have cleared a lot of stops from shorts.
A move above 1,3400 and people will call for 1,5000 anyway.
Bulls have time to do some damages...this week might hurt

Hope you're doing well mate!
I agree with the stops but only with intraday shorts (weak). Daily NFP bar range sucked lots of shorts (including me 3 times last week) for a new break but most of them were not in a value area given that the move is on daily/weekly continuation and not in a established move. Daily and weekly are still intact.

Best of luck on the long side. Intraday momentum is in your side and US opening without reports, before holidays, and in a range will be probably not enough to break down.

sisse

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #344,645
  • Dec 13, 2010 6:37am Dec 13, 2010 6:37am
Quoting Ifmyante
Looking at the fibs, would any of you imagine that it may be going up to properly respect the 38.2% retracement of the move down at 134.70, before heading south to the 61.8 expansion of same at 128.10?
It just may go to 1.3625 which is the 50% but the fundamentals just may not support that, although otherwise it is more likely. Then down, yes, since ultimately that is where it will most likely go.
  • #344,646
  • Dec 13, 2010 6:37am Dec 13, 2010 6:37am
Well the 3268 area was important resistance. If the bulls manage another close above here,and a close above 3277, that could encourage a test of 3305/13. This large bull bar should contain pullbacks, with 3223 the key support of this move up, my 2cents...
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Look Sharp/Trade Tight
  • #344,647
  • Dec 13, 2010 6:41am Dec 13, 2010 6:41am
so it broke for retracement first , all pullbacks honoured then why left one . better clear tops for big down possibly - anyway limited than normal can be expected when it is starting comparatively higher levels
as low as 3339 or 3403. hit short sl taken in the mornig & waiting pullback towards 3240-27 for long perhaps .lets see ..

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,648
  • Dec 13, 2010 6:46am Dec 13, 2010 6:46am
May need to be careful since there is a possible head and shoulders forming on the 1m and 5m.

Could we have seen the top of this up movement?
  • #344,649
  • Dec 13, 2010 6:46am Dec 13, 2010 6:46am
Quoting suthmo
OK my new target for today is 3405

3360 soon (next half hour)
pullback to 3340 @ 15:00
17:00 3395 little pullback
22:00 3405
today 3405 seem far-fetched.

3280 already seem hard to be dealt with ...
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #344,650
  • Dec 13, 2010 6:49am Dec 13, 2010 6:49am
it will need at least one clear h1 bar close above 3320 to invalid the bears.let's see, but like i said, im not taking any shorts before the bull starts to weak. just my opinion.
  • #344,651
  • Dec 13, 2010 6:52am Dec 13, 2010 6:52am
Quoting moonchild
It just may go to 1.3625 which is the 50% but the fundamentals just may not support that, although otherwise it is more likely. Then down, yes, since ultimately that is where it will most likely go.
Hadn't considered the 50%. You're right, it's quite possible. Thanks for your input
  • #344,652
  • Dec 13, 2010 6:55am Dec 13, 2010 6:55am
usdx WPP 79.85 is the price to beat for more E/U upside. atm the 1H 200ema is holding the top, a rejection of DPP test at 80 area should bring more USD downside.
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  • #344,653
  • Dec 13, 2010 6:55am Dec 13, 2010 6:55am
Nice run up. Wasnt there...

Waiting for a pullback to the area on the chart... Targets are 300-320, sl under the buy zone~20 pips.


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  • #344,654
  • Dec 13, 2010 6:56am Dec 13, 2010 6:56am
Seems everyone on the thread are long now...
We will c
  • #344,655
  • Dec 13, 2010 6:56am Dec 13, 2010 6:56am
i think 1.3500 is a real target!
  • #344,656
  • Dec 13, 2010 7:00am Dec 13, 2010 7:00am
Quoting fontu
so it broke for retracement first , all pullbacks honoured then why left one . better clear tops for big down possibly - anyway limited than normal can be expected when it is starting comparatively higher levels
as low as 3339 or 3403. hit short sl taken in the mornig & waiting pullback towards 3240-27 for long perhaps .lets see ..

fontu

it has to close 3280 on at least 15M chart, otherwise it feel it will go back down...

anna
  • #344,657
  • Dec 13, 2010 7:03am Dec 13, 2010 7:03am
Hi

I am new to this forum.

From my experience, and looking at all the other co-relating EUR pairs, EUR is headed much further down since these EU-related problems are just the tip of the ice berg.

Has anyone heard of any rumours that "Wikileaks" have documents to unveil behind the scenes of the bailout (the first few days of the crisis) ... If the rumours are true, things are going to get a lot worse early next yr..
  • #344,658
  • Dec 13, 2010 7:04am Dec 13, 2010 7:04am
Quoting Vladimir1987
This is my 1h tf.. Ill wait for a break of this till then ill do nothing, in fact ill go out..
Attachment
GL tarantula was also tempted to go short but passed..

See u later
Well i waited for that breakout but was to long outside... Looking for a second chance for continuation but as sisse said it could be contained..

Ill try with the r:r and i think its in contest with a little longer term than intraday( at least a test of the highs)..
  • #344,659
  • Dec 13, 2010 7:05am Dec 13, 2010 7:05am
Longs tighten your stops...if no new highs within this hour, it might signify troubles.
COT: The precious data ignored
  • #344,660
  • Dec 13, 2010 7:05am Dec 13, 2010 7:05am
Quoting snatch
it has to close 3280 on at least 15M chart, otherwise it feel it will go back down...

anna
It needs new buyers if the move is real... The best place is where the runaway happened...

My thoughts..
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