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EURUSD

  • #358,761
  • Jan 5, 2011 7:41am Jan 5, 2011 7:41am
wormy 2 now
  • #358,762
  • Jan 5, 2011 7:41am Jan 5, 2011 7:41am
Back to M1 chart to see things , cretical levels .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #358,763
  • Jan 5, 2011 7:43am Jan 5, 2011 7:43am
just by my limited experience, most of the times, after a news spike the price recoils and then resumes the direction of the initial spike. The bigger the recoil, the more chance it has to stall after a small continuation and actually return. The smaller the recoil, the greater the chance that the continuation will be significant.
  • #358,764
  • Jan 5, 2011 7:44am Jan 5, 2011 7:44am
3120 to complete trend collapse pattern.
  • #358,765
  • Jan 5, 2011 7:44am Jan 5, 2011 7:44am
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 60 h4 triangle jan 2 2011.gif Size: 26 KB
Click to Enlarge Name: 72 h4 triangle jan 5 2011.gif Size: 24 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #358,766
  • Jan 5, 2011 7:45am Jan 5, 2011 7:45am
Quoting kill56
wow N F P will be fun tomo.
Not only do I need to buy you a watch, now I need to buy you a calendar.
  • #358,767
  • Jan 5, 2011 7:45am Jan 5, 2011 7:45am
support area its wide.. 10 pips either side of 3150

btw it could be a hell of a neckline in this shot.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 26 KB
those who can, do. those who cant, talk about those who can
  • #358,768
  • Jan 5, 2011 7:46am Jan 5, 2011 7:46am
Quoting cloggie
Not only do I need to buy you a watch, now I need to buy you a calendar.
Hero calls followed by margin calls...
  • #358,769
  • Jan 5, 2011 7:46am Jan 5, 2011 7:46am
Quoting Mr Hatch
bad place to enter anything.
wait for bounces or market's acceptance of its fate.
I'm sitting on my hands. I made .6% on my account today (recovered during the London session going short from bad sushi in the Asian session where I went long). That's good enough for me; more than I would have earned in a day when I had a job.
Will watch on the sidelines a bit longer but will probably take a nap soon. Looks like we drift lower.

Good luck to all.
  • #358,770
  • Jan 5, 2011 7:46am Jan 5, 2011 7:46am
Here's another trendline, this time on 3h chart:
Attached Image (click to enlarge)
Click to Enlarge Name: h3.png Size: 58 KB
  • #358,771
  • Jan 5, 2011 7:46am Jan 5, 2011 7:46am
Quoting T@rantula
3120 to complete trend collapse pattern.
are you short?
  • #358,772
  • Jan 5, 2011 7:46am Jan 5, 2011 7:46am
Quoting T@rantula
3120 to complete trend collapse pattern.
perhaps but close shorts & take test long already .3163.
lets see .if fail here next 3100 easy fall perhaps.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #358,773
  • Jan 5, 2011 7:47am Jan 5, 2011 7:47am
Quoting T.E.Lawrence
Exactly! I mean.......Holy Jesus!

ADP is notoriously unreliable, but Challenger and ADP are pointing to a good NFP on Friday (Kill), could we see another 300 pip day in the making?
  • #358,774
  • Jan 5, 2011 7:47am Jan 5, 2011 7:47am
Quoting PhAnTi'
-.-
fuc...... they stop me out again -20
if me next trade is a loser - i am on the beginnig of the day
will go to adjust my indication---
If you now the Way out -- please tell me
  • #358,775
  • Jan 5, 2011 7:47am Jan 5, 2011 7:47am
Its interesting to see how ADP have affected correlations.

EU heading south even further while Oil was able to recover from h&s pattern...
  • #358,776
  • Jan 5, 2011 7:48am Jan 5, 2011 7:48am
short with 3133 target

im off
see ya later
Hero calls followed by margin calls...
  • #358,777
  • Jan 5, 2011 7:48am Jan 5, 2011 7:48am
Quoting One.Trade
fuc...... they stop me out again -20
if me next trade is a loser - i am on the beginnig of the day

Killy gave you the strategy for trading this earlier (beaute of a chart Kill), Wormy and Hatch gave you the levels to watch, pretty easy to make money here. If you don't know how to trade the news, go for a walk instead.
  • #358,778
  • Jan 5, 2011 7:48am Jan 5, 2011 7:48am
Quoting iflyjetzzz
That's good enough for me; more than I would have earned in a day when I had a job.

one of the better quotes on this thread...spot on brother
Look Sharp/Trade Tight
  • #358,779
  • Jan 5, 2011 7:49am Jan 5, 2011 7:49am
Quoting One.Trade
fuc...... they stop me out again -20
if me next trade is a loser - i am on the beginnig of the day
wrong time for counter trend trades

good luck brother
Hero calls followed by margin calls...
  • #358,780
  • Jan 5, 2011 7:49am Jan 5, 2011 7:49am
Quoting iflyjetzzz
Closed +3 pips. EUR's dropping again.

daily close below 84 will take us to ?????
Attached Image (click to enlarge)
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