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  • #347,141
  • Dec 16, 2010 7:49am Dec 16, 2010 7:49am
well, current small ranging suggest me the worst scenario - it could end up in a broadening triangle pattern
Attached Image
  • #347,142
  • Dec 16, 2010 7:50am Dec 16, 2010 7:50am
This m5 immediate support needs to hold for the long traders.
Attached Image (click to enlarge)
Click to Enlarge Name: EU m5.gif Size: 8 KB
  • #347,143
  • Dec 16, 2010 7:52am Dec 16, 2010 7:52am
is its me,or some1 see the same as i Do? ( the news wasnt good for dollar as many from here expected,so basically, it should go up? )
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: 4hchart.gif Size: 33 KB
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #347,144
  • Dec 16, 2010 7:54am Dec 16, 2010 7:54am
Quoting Ulterior
everyones Taro cards are different

Quoting Ulterior
I am glad it worked out good for you, but I wouldnt be sitting in that trade
I guess everyone's Taro's cards are different, I was just trying to state & suggest to not list an opinion as a fact.

The monthly charts for the AUD & NZD are very closely linked with little lag, the Aussie is about to undergo, IMO, a big correction towards the .8xxx area.

Just compare them, if something happens, we might go above parity for a little bit, but overall, this is headed down IMO.

Left pic is AUD/USD & right pic is NZD/USD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 58 KB
Click to Enlarge Name: nzdusd.jpg Size: 42 KB
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #347,145
  • Dec 16, 2010 7:55am Dec 16, 2010 7:55am
Quoting samdol
if data was really bad for dollar, euro should already shoot to 1.33 by now.
have to correct myself,If US data would be that bad why euro keeps cooming back towards 1.30xx.
Answer is the Europe has even more troubles now then ever,and so far its EU=US
  • #347,146
  • Dec 16, 2010 7:57am Dec 16, 2010 7:57am
Quoting kuroro001
very bad ? we've seen worse
Wait for another EU messed up news..and you will see 1,3100 before your 1,3300
well, i did say "if" . eu does'nt react much to the previous news.
1.317x level has been defended since early this month. Can it hold? i'm not sure, but will sell if price goes below it.

i'm flat at the moment. its also a position.
  • #347,147
  • Dec 16, 2010 7:57am Dec 16, 2010 7:57am
Quoting SkullCandy
is its me,or some1 see the same as i Do? ( the news wasnt good for dollar as many from here expected,so basically, it should go up? )Attachment

Attachment
I don't agree man, please note:

  1. News were not so bad
  2. News do not actually matter a lot. sometimes bad news can actually increase the currency for risk avversion.
  3. although we might expect a slight pull up for simple retracement I keep my bearish sentiment toward the Eur for the next year
  4. peace

  • #347,148
  • Dec 16, 2010 7:59am Dec 16, 2010 7:59am
this also doesnt look good . well, 1.32050 is the key today
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  • #347,149
  • Dec 16, 2010 8:00am Dec 16, 2010 8:00am
Quoting PipChick
This m5 immediate support needs to hold for the long traders.
yeah, maybe a retest of .3400 area, but I think the range for the remainder of the year might officially be 1.31-1.35, who knows.

if we don't get below 1.3200 soon today, then we just may jump up a little bit.
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #347,150
  • Dec 16, 2010 8:00am Dec 16, 2010 8:00am
Quoting pinkiaiii
have to correct myself,If US data would be that bad why euro keeps cooming back towards 1.30xx.
Answer is the Europe has even more troubles now then ever,and so far its EU=US
My personal opinion, europe want's to have cheaper currency. If i'm not mistaken back in 2008/2009, Trichet did say that euro would be in trouble if price go higher than 1.30.
  • #347,151
  • Dec 16, 2010 8:01am Dec 16, 2010 8:01am
My current analysis is more based on what i would do if i was abig dog.

there will be stops below 3200 now by traders expecting up move there will be stops at below 3180,3160.

All they have to do it trigger them and the stops will do the rest .

I base this on the fact that the market markers brokers big dogs all know were our stops are or were we will likely exit in a sudden move .

Trigger em and buy em back at 3100.

Its something i am watching for but if it happens it will be quick entered a 1/3 position at 3250 in anticipation and monitoring.

50% retrace would be 3290 thats were i would like to go short but we may not get there. we been to 3266 maybe that was enough.
making green pips large and red pips small this is my goal.
  • #347,152
  • Dec 16, 2010 8:01am Dec 16, 2010 8:01am
Quoting Martingale
I don't agree man, please note:

  1. News were not so bad
  2. News do not actually matter a lot. sometimes bad news can actually increase the currency for risk avversion.
  3. although we might expect a slight pull up for simple retracement I keep my bearish sentiment toward the Eur for the next year
  4. peace

thanks,well maybe, i dont have much expierence in trading so maybe you could attach ur charts? to see your opinion
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #347,153
  • Dec 16, 2010 8:01am Dec 16, 2010 8:01am
Quoting apt
This just looks like a rising wedge to me now, higher highs and higher lows after a steep drop are evidence of a downward continuation signal.

http://www.babypips.com/school/image...tion-after.png

Hmm ... and it went up there again ... ganz tolle Methode !

http://cdn.forexfactory.com/images/attach/png.gif 2010-12-16_14h57_ EURUSD _ min005 _ 1100 x 800 (CandleVolume).PNG (35.5 KB)


jo jo ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-12-16_14h57_ EURUSD _ min005 _ 1100 x 800 (CandleVolume).PNG Size: 35 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #347,154
  • Dec 16, 2010 8:04am Dec 16, 2010 8:04am
retest of 3205 should trigger longs
  • #347,155
  • Dec 16, 2010 8:04am Dec 16, 2010 8:04am
Quoting paul1
My current analysis is more based on what i would do if i was abig dog.

there will be stops below 3200 now by traders expecting up move there will be stops at below 3180,3160.

All they have to do it trigger them and the stops will do the rest .

I base this on the fact that the market markers brokers big dogs all know were our stops are or were we will likely exit in a sudden move .

Trigger em and buy em back at 3100.

Its something i am watching for but if it happens it will be quick entered a 1/3 position at 3250 in anticipation and monitoring....
agree,coz its always about collecting money and moving towards the goal which is down in a long term.
  • #347,156
  • Dec 16, 2010 8:08am Dec 16, 2010 8:08am
Quoting samdol
well, i did say "if" . eu does'nt react much to the previous news.
1.317x level has been defended since early this month. Can it hold? i'm not sure, but will sell if price goes below it.

i'm flat at the moment. its also a position.
My bad, i didn't see your 'if'.

Indeed the 1,3160-80 area has been defended for days..a lot of buyers were there at that time.

But i'd say that today the analysis is different...there is no buying pressure for the moment, i only see short covering (probably cause of Spanish auction this morning and Brussels meeting later).
So based on that if we go back to that area it should be broken for good this time, sharks are no more accumulating like they did a few days ago...

Time will tell.
COT: The precious data ignored
  • #347,157
  • Dec 16, 2010 8:09am Dec 16, 2010 8:09am
irrational market.
They can remain irrational far longer than we can remain sober.
  • #347,158
  • Dec 16, 2010 8:09am Dec 16, 2010 8:09am
hi all

this a buiishitt market slow boring some scalp but better to stay in bed , we did stay below the WP and still the same low from last night ,lets see if NY big azz's will do if any thing enjoy the day best of luck
Attached Image (click to enlarge)
Click to Enlarge Name: 4h eur.gif Size: 34 KB
  • #347,159
  • Dec 16, 2010 8:12am Dec 16, 2010 8:12am
Quoting kuroro001
My bad, i didn't see your 'if'.

Indeed the 1,3160-80 area has been defended for days..a lot of buyers were there at that time.

But i'd say that today the analysis is different...there is no buying pressure for the moment, i only see short covering (probably cause of Spanish auction this morning and Brussels meeting later).
So based on that if we go back to that area it should be broken for good this time, sharks are no more accumulating like they did a few days ago...

Time will tell.
1. No buyers from Asia
2. No buyers from London Session
3. No buyers {obviously} during U.S. session.
4. Spain bond market was a joke, false numbers gave little jump for a moment.
5. If there was a plan coming from the summit, it would have already been leaked out - they will say "we have a plan, we are confident in it" , etc. and there might be a short rally.

Basically nothing has came about, we have a couple hours left before a decision has to be made ... I think Euro is headed for 1.3160-1.3180 for the U.S. session and 1.3046-1.3073 for tomorrow to go into the weekend.
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #347,160
  • Dec 16, 2010 8:12am Dec 16, 2010 8:12am
Gold down to 1372 - will euro follow?
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