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  • #349,681
  • Dec 21, 2010 7:35am Dec 21, 2010 7:35am
Well that was expected a pullback for either a new high above 3200 or a retest of yesterdays lows.

H4 is still important. London close should provide the answer. 3150-3190 range in play
  • #349,682
  • Dec 21, 2010 7:35am Dec 21, 2010 7:35am
Quoting Jolly Jumper
Am I the only one who is having connection problems with oanda right now?
I have no problems at all till now

Cumps Aeneema
  • #349,683
  • Dec 21, 2010 7:36am Dec 21, 2010 7:36am
Quoting fontu
no bull before 3200 & hold , below only bear & bear continuation effects/tries .3169 breaks may have pre-bull efforts .
fontu
exactly mate.
  • #349,684
  • Dec 21, 2010 7:39am Dec 21, 2010 7:39am
The same here



Quoting Jolly Jumper
Who can still use Oanda right now? I can't connect!
  • #349,685
  • Dec 21, 2010 7:42am Dec 21, 2010 7:42am
Quoting someone1
The same here
Ditto. Not the first time it happened, I'm considering a change in broker...
  • #349,686
  • Dec 21, 2010 7:44am Dec 21, 2010 7:44am
some bull head make a spike up , lets see if distributed or not .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #349,687
  • Dec 21, 2010 7:46am Dec 21, 2010 7:46am
Quoting fontu
some bull head make a spike up , lets see if distributed or not .
fontu
lol they are so stubborn. Descending TL is pretty strong indeed ;P
  • #349,688
  • Dec 21, 2010 7:50am Dec 21, 2010 7:50am
USDX seems to be moving down
  • #349,689
  • Dec 21, 2010 7:56am Dec 21, 2010 7:56am
what the heck


china moody chaina moody china moody fuckit berrrrrrrrrrrrnan my ben is on the top of it
  • #349,690
  • Dec 21, 2010 7:57am Dec 21, 2010 7:57am
Quoting T@rantula
lol they are so stubborn. Descending TL is pretty strong indeed ;P
yeah , price did not move around the levels so smooth , all spikes to go one level to the other I see .
lets see if some thing happen here .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #349,691
  • Dec 21, 2010 7:58am Dec 21, 2010 7:58am
Quoting Forexpro30
It looks like we have a repeat of yesterday for the moment however there is news out of USA today that can move the markets.

We still are in very very thin trading. The RANGE is 1.32021 and 1.312132 which is almost the same as Monday.

My benchmarks before I go out for breakfast are as follows;

EUR/USD 1.3162
EUR/JPY 110.10
USD/JPY 83.67

Gold $1,388 US
Oil $ 88.47

2 Year US Bonds .60%
10 Year US Bonnds 3.31%

Spread 2.71%

and Dow Futures are UP 33 now.

The Dow and US Bonds and News will move EUR/USD

The charts will follow and lead...
EUR/USD was at 1.3150 at 8:10 AM and then in one minute there was a spike to 1.3190

I just got back from breakfast and I checked my live news source and at 8:11 AM Moody's announced that "The Euro zone can contain increasing financial pressures and Policy makers in the region will restore Stability."

That is what moved the market. Do I see the trend changing now from down to up ?

That will depend on what the Dow and the US Bonds do.

I do not know what they will do but I now see Dow Futures are UP at 54 and EUR/JPY is at 110.07 with USD/JPY stronger at 83.54

The Yield on the 2 Year US Bonds is now at .60% and the 10 Year US Bonds at 3.31% so no change there however Gold is up at $1,390.00 US Spot and Dow Futures now Up 49.

If the Dow opens UP and by 10:15 AM it is down then EUR/USD will be testing 1.3150 just like yesterday.

My trading method is not rocket science. It is not watching the charts go up and down and it surely is being in the 5% that win in Forex.

I am only sharing my method here with anyone interested. Whatever way works for you so that at the end of each month you are Plus 10% VS Minus 10% or more is the best method for you to use.

EUR/USD is now at 1.3168 with Dow Futures at Plus 47.

At 8:40 AM my news source reported ItALY Police found an Explosive device in the Subway and EUR/USD spiked down. The charts told us that after the news was released.

My point one more time is that if you know why the EUR/USD is moving around you can adjust your trading rather than taking time to figure out why the charts are going up or down based on guess not on facts.

Have a good trading day.
  • #349,692
  • Dec 21, 2010 7:58am Dec 21, 2010 7:58am
Quoting kill56
what the heck


china moody chaina moody china moody fuckit berrrrrrrrrrrrnan my ben is on the top of it
haha the battle is raging LOL.
  • #349,693
  • Dec 21, 2010 8:01am Dec 21, 2010 8:01am
"MAY" be setting up an m5 inverse to try and get the price higher.
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  • #349,694
  • Dec 21, 2010 8:01am Dec 21, 2010 8:01am
Quoting fontu
yeah , price did not move around the levels so smooth , all spikes to go one level to the other I see .
lets see if some thing happen here .
fontu
lol mate..so many TLs. Even Tarantula could get lost there
  • #349,695
  • Dec 21, 2010 8:03am Dec 21, 2010 8:03am
Quoting PipChick
"MAY" be setting up an m5 inverse to try and get the price higher.
h1 failed. H4 is the most important. <3180 >3190
  • #349,696
  • Dec 21, 2010 8:04am Dec 21, 2010 8:04am
Volume Profile EURUSD M15

Have Fun!
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  • #349,697
  • Dec 21, 2010 8:05am Dec 21, 2010 8:05am
Quoting T@rantula
h1 failed. H4 is the most important. <3180 >3190
Yeah it may not go any higher but the stock mkt is poised to open higher so it could ignore that 3180 level OR it could just be a test of this h1 neckline for another run down. Crucial area here.
  • #349,698
  • Dec 21, 2010 8:11am Dec 21, 2010 8:11am
http://quotes.ino.com/chart/index.ht...X&t=&a=&w=&v=s

Futures UP 53 and Gold and Oil is on the rise. Copper prices moving up. Positive tone to market. No major news coming out. We could have an UP day in the Dow. If we do then EUR/USD will test Resistance at 1.3202 HOWEVER if there is a reversal after 10:00 AM the EUR/USD will turn around. I will wait to short near 1.3205 and if it does not get through I will probably put a short on.

PLEASE DO NOT FOLLOW MY POSTS TO TRADE ON. I sometimes change strategy within seconds if certain things happen. I only share my trading so others can see another way to trade.

I am not MR GREEN going long with BILLIONS of dollars.

Where is he anyways today ?

Happy Trading and watch what happens by 9:45 AM in the Dow ?

Sometimes we have buy the rumor and sell the news. The fact that Futures are up now is discounted in the price of EUR/USD.

If someone missed my explanation of why in most cases when the Dow goes UP EUR/USD goes UP except when there is BAD news on the Debt problem in Europe and some other factors. Things always change so that is why just following what someone else is doing is a gurantee of failure. Do your own thing from your knowledge.
  • #349,699
  • Dec 21, 2010 8:11am Dec 21, 2010 8:11am
Quoting Forexpro30

If the Dow opens UP and by 10:15 AM it is down then EUR/USD will be testing 1.3150 just like yesterday.

Thanks for the recap. So is this your forecast. Is this what your planing to trade, or are you in a trade already. Thanks in advance, PTL

BTW, how long have you been using your method.
Look Sharp/Trade Tight
  • #349,700
  • Dec 21, 2010 8:12am Dec 21, 2010 8:12am
Quoting Forexpro30
EUR/USD was at 1.3150 at 8:10 AM and then in one minute there was a spike to 1.3190

I just got back from breakfast and I checked my live news source and at 8:11 AM Moody's announced that "The Euro zone can contain increasing financial pressures and Policy makers in the region will restore Stability."

That is what moved the market. Do I see the trend changing now from down to up ?

That will depend on what the Dow and the US Bonds do.

I do not know what they will do but I now see Dow Futures are UP at 54 and EUR/JPY is at 110.07...
I was always told by savvy traders that news trading, well trading the initial spike, isn't the way to go. Whatever news comes out, if it's trend changing news, we'll find out watching the charts. It's good to know fundamentals so that one can create a bias towards the currency then trade using technical information.

You don't have to be the most savvy fundamental trader in the world, there are a few trend changing events that occur quarterly. They don't occur daily, my advise to just keep up with the trend changing events and be aware of the daily fundamental events so that you won't get caught with your pants down.

If you know how to read a chart and see the market sentiment, you'll be just fine.

Are you trying to sell something sir?
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