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  • #344,841
  • Dec 13, 2010 10:52am Dec 13, 2010 10:52am
I wanted to be bearish today.....this is very unlucky day for me, huge loss. May be itīs because itīs the 13th of December...? Anyway, I am waiting for the wave 4 ...buy limit at 1,3320 and take profit at 1,3412. That could be a nice reward for my efforts today
  • #344,842
  • Dec 13, 2010 10:53am Dec 13, 2010 10:53am
Quoting 168ipoh
I still holding my shorts.

There is a big possibility on H4 that it will reverse on the next H4 candle.

This is the 3rd time that PA has reached today's high which is slightly below 1.3400 . We might be in a range from 1.3180 to 1.3395.

Except this range is broken I do not expect price to go up or down significantly.

What you guys think?
if price pass the 3360 retest this thing won't reverse yet. let's see what happens @3360.

good luck
Thank You
  • #344,843
  • Dec 13, 2010 10:56am Dec 13, 2010 10:56am
Quoting gh0stjpy
am OUT!!!:

1HR > 1.32 > 1.3209 > 1.3383 = +174
2HR > 1.32 > 1.3226 > 1.3383 = +157
4HR > 1.3221 > 1.3265 > 1.3383 = +162

looks like beginners luck ...
nice, god bless you to keep up that way!
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #344,844
  • Dec 13, 2010 11:02am Dec 13, 2010 11:02am
Actually I agree....now is wave 4 appearing. Wave 3 just ended I suppose at point 1,3395. Oscillators are now in overbought are...Wave 4 is going down up to 1/3 from wave 3, that means ~60 pips from top of wave 3. Buy at ~ 1,3330 i suggest and target is 1,3415 for now. This is the top where wave 5 might end....but it might be also an extension In that case you can earn much more, but itīs up to you to decide! )
I usually use 2 orders. With one order Iīll take profit at 1,3415 and with another waiting for higher target The same is with STOP LOSS. Donīt forget about STOP LOSS, I have burned my hands several times allready.
  • #344,845
  • Dec 13, 2010 11:02am Dec 13, 2010 11:02am
I've been looking for an increase in volatility since Friday and the pop higher today has satisfied that and has my vol indicator falling off, signaling a decrease in the potential for a large move in the next 24 hours or so. With that said the pair is pushing into the upper band on our chart, if it can hold around 1.3373 where some significant technical resistance is present we could see a low momentum continuation of this move. If you're not long this may not be the time to get long (not for to say), but if you are there still may be some room to run.

http://www.fxan.com/blog/wp-content/...12/EURUSD8.png
Trade Small. Be Patient. Learn to Survive.
  • #344,846
  • Dec 13, 2010 11:03am Dec 13, 2010 11:03am
Quoting samdani786
Time to REST
I guess no rest
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #344,847
  • Dec 13, 2010 11:05am Dec 13, 2010 11:05am
Quoting 168ipoh
I still holding my shorts.

There is a big possibility on H4 that it will reverse on the next H4 candle.

This is the 3rd time that PA has reached today's high which is slightly below 1.3400 . We might be in a range from 1.3180 to 1.3395.

Except this range is broken I do not expect price to go up or down significantly.

What you guys think?
it's risky to short before u see any signs of weakness in lower tf price actions, cos it can gradually changes the whole picture on your h4 and daily charts. just my opinion.
  • #344,848
  • Dec 13, 2010 11:07am Dec 13, 2010 11:07am
Gator lost his left nut
  • #344,849
  • Dec 13, 2010 11:08am Dec 13, 2010 11:08am
Quoting samdani786
I guess no rest
I think it will for a bit.. we are above R3 after all. Couple of things make me thing this s*** can move up to 1.363:
1. 1.363 is the 100% fibo extension of this move.
2. 1.363 is the projection of this biiiig triangle we have created since 1 december.

Let's see! I also would not mind to see this mofu coming down!!
  • #344,850
  • Dec 13, 2010 11:08am Dec 13, 2010 11:08am
Quoting 2+2=4ex
Gator lost his left nut
he said 1.34 IIRC
  • #344,851
  • Dec 13, 2010 11:12am Dec 13, 2010 11:12am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Wgold2
he said 1.34 IIRC
And 1.34 was hit last week. GJ
  • #344,852
  • Dec 13, 2010 11:12am Dec 13, 2010 11:12am
Quoting jeewa20000
i hope 1.3411 and 1.3416 both could be good reversing points for the euro for a small trade of 25 to 30 pips

3200 is a great reversal point also. Just adding what I seeing.

Also au is heading for parity this could have a further psychological affect on eu rally to upside perhaps.
Know when to hold em, Know when to fold em!
  • #344,853
  • Dec 13, 2010 11:14am Dec 13, 2010 11:14am
Quoting Wgold2
he said 1.34 IIRC
It didn't hit 1.34? I honestly don't know, I just took a quick glance at the chart and saw it came close if didn't get there. If it didn't then it's hanging on by a thread lol
  • #344,854
  • Dec 13, 2010 11:15am Dec 13, 2010 11:15am
Quoting Martingale
I think it will for a bit.. we are above R3 after all. Couple of things make me thing this s*** can move up to 1.363:
1. 1.363 is the 100% fibo extension of this move.
2. 1.363 is the projection of this biiiig triangle we have created since 1 december.

Let's see! I also would not mind to see this mofu coming down!!
Just be ready bro . Wherever she goes attack. Here is your 136 by the way . Me , waiting for Ret. to start. Lets see .
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #344,855
  • Dec 13, 2010 11:17am Dec 13, 2010 11:17am
Quoting samdani786
Just be ready bro . Wherever she goes attack. Here is your 136 by the way . Me , waiting for Ret. to start. Lets see .
Looks like we are on the same page!!
This 1.3612 looks really like sexy now!
  • #344,856
  • Dec 13, 2010 11:18am Dec 13, 2010 11:18am
I am seeing a possible of reversal in h4

price hit high to ema 150 but MACD is not moving up
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  • #344,857
  • Dec 13, 2010 11:18am Dec 13, 2010 11:18am
Quoting T@rantula
When u trade professionally there is no bull vs bear. You trade what PA is offering you.
Okey-dokey ... this has been an interesting trading day ... with a more than welcome move at the beginning of a trading week ...

Overall ... I have got that uncertain feeling ... that much of this move energy has been accelerated by further short covering of previous weeks market positions ...

Bears has got cold feet a little from waiting so much ... and significant levels has been taken out from 'intraday prospective' ... many holders of short positions might have been seen themself in a situation to cover some parts ...

Further rounds might be looming ... but too early to say that ... I will wait for IMM closing numbers ...

Good to know that you are here from time to time in this desert wasteland place ...

Roughly estimation ... from this point of time is that any pullbacks should be limited for now ... towards 1.3339 or 1.3315 - 1.3280 (maximal) ...

But as always ... calculations will be made step by step ... und eine Schwalbe macht noch keinen Sommer ...





;-)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #344,858
  • Dec 13, 2010 11:23am Dec 13, 2010 11:23am
before i posted this ,the second chart is the same only 1d,in my oppinion well paly in 1.3-1.36 channel until new year and then probably down,but im just guessing so who knows ;]
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  • #344,859
  • Dec 13, 2010 11:29am Dec 13, 2010 11:29am
For the short term traders...eurusd has been taking out 2 previous supply zones today and is currently consolidating around the third coinciding with the first serious MA resistance. If Euro can hold up there for the next 3 hours, it is likely to move up to next resistance around 1,3450-70 where serious 4h resistance and a double fib resistance area will be waiting. Looking at NY time, it will likely be consolidation for the rest of the day though. Again, we need to take out the next resistance level to head on up to the daily breakout zone at 1,3770-80.
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  • #344,860
  • Dec 13, 2010 11:31am Dec 13, 2010 11:31am
Quoting PayTheLimit
depending on the hourly close, 3383 could be next for the bulls....

good luck out there, bbl...PTL
what are you guys seen next on the hourly? I'm looking at the 3413/33 zone...
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