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  • #359,421
  • Jan 6, 2011 3:58am Jan 6, 2011 3:58am
Quoting Andreenzo
ok, ok.

But there seems to be a relation with USDCHF... can't understand it..
Andreenzo: The USD/CHF is retracing from its all time low 0.9300. The swiss is seen by traders as a safe haven to the EUR crisis hence it strength if you look on the trend on a daily chart. The worst things get for the EU, the stronger the CHF is going to get.

But a stronger swiss is bad for swiss exports so SNB (Swiss National Bank) would like to see a weaker swiss. They hinted just before christmas at intervening to push the swiss back up, but never had to as the market corrected itself. How much further up will it go, nobody knows. But sellers are lined up at 0.9700 to try and push the CHF back down.

I am short the CHF from 0.9480 and 0.9659 with and exit 0.9200
  • #359,422
  • Jan 6, 2011 3:59am Jan 6, 2011 3:59am
Quoting GiorgioM
What do u mean? Any way i checked the level u call and u are right it is a very strong level. I will scalp it for 10-20pips up.

PS: i'm not gonna blame u if it miss
MML : Murrey math lines
FB : fibonacchi levels

i personally prefer MLL's but actually it doesnt matter what u r using.
check attachment.

Attached File(s)
File Type: ex4 Murrey_Math_MT4_VG, 2010.ex4   10 KB | 389 downloads


Attached File(s)
File Type: mq4 Murrey_Math_MT4_VG, 2010.mq4   8 KB | 394 downloads
Hero calls followed by margin calls...
  • #359,423
  • Jan 6, 2011 4:00am Jan 6, 2011 4:00am
Hello GiorgioM,

I'm sure you have heard the adage that the trend is your friend and that you should trade in the direction of the trend. The reason that there are so many opinions as to what the CP (currency pair) will do is because there are trends on different timeframes. The current trend is down but it is trying to break through (in this case down) a longer term up trend line.

Right now on the lover time frame PA (price action has broken out of a triangle and is heading down. Every retracement for the past 8 hours (retracement in this case is an attempt at an uptrend has broken down and gone short.

Now this is only one piece of the puzzle. Depending on your timeframe you need to know where you are in the trend and potentially how long the trend will keep going in your direction.

Hope this helps.

If you'd like a chart let me know and I'll post it.

B
  • #359,424
  • Jan 6, 2011 4:00am Jan 6, 2011 4:00am
Who is buying here???

Aja on the pound- dont go long rather wait for a setup- range and a break..!!
  • #359,425
  • Jan 6, 2011 4:01am Jan 6, 2011 4:01am
Quoting Vladimir1987
Who is buying here???

Aja on the pound- dont go long rather wait for a setup- range and a break..!!
sidelines ! no longs here.... seems like PA doesnt know any support today...

scarry gu
Hero calls followed by margin calls...
  • #359,426
  • Jan 6, 2011 4:03am Jan 6, 2011 4:03am
Quoting primzvicious
lol @ GU freefall
falling , not free one perhaps yet , 5468/46 may stop or even 5342/26 there for next.

round bottom there I see in h1 tf & low, bullish for 5667 .not trading just looking any good take shorts.
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 11 KB
Click to Enlarge Name: eu2.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #359,427
  • Jan 6, 2011 4:03am Jan 6, 2011 4:03am
Quoting PhAnTi'
sidelines ! no longs here.... seems like PA doesnt know any support today...

scarry gu
10 bear candles in a row on m5

but as we ALL know : theres ALWAYS a retracement
so lets wait for it
Hero calls followed by margin calls...
  • #359,428
  • Jan 6, 2011 4:04am Jan 6, 2011 4:04am
Waiting to see what the buyers will do here with it... above 40 im long.
  • #359,429
  • Jan 6, 2011 4:04am Jan 6, 2011 4:04am
Quoting PhAnTi'
MML : Murrey math lines
FB : fibonacchi levels

i personally prefer MLL's but actually it doesnt matter what u r using.
check attachment.

Attachment

Attachment
I already know how to use fibonacci tool. What about the indicator u posted? What does those levels mean and how are they calculated?

1.5470 on GU doesn't seem to hold.
  • #359,430
  • Jan 6, 2011 4:04am Jan 6, 2011 4:04am
Quoting Vladimir1987
Waiting to see what the buyers will do here with it... above 40 im long.
40?
Hero calls followed by margin calls...
  • #359,431
  • Jan 6, 2011 4:06am Jan 6, 2011 4:06am
Quoting GiorgioM
I already know how to use fibonacci tool. What about the indicator u posted? What does those levels mean and how are they calculated?
calculated by previous highs/lows.
showing support and resistance levels.

if u r using them set MM period to 240 in settings.
Hero calls followed by margin calls...
  • #359,432
  • Jan 6, 2011 4:07am Jan 6, 2011 4:07am
Quoting Driver55
USDCHF short 9662
From my point of view :

USDCHF is directed @ 9610

..... EURUSD consequently
The best thing that can happen to you is to find out where you're wrong.
  • #359,433
  • Jan 6, 2011 4:07am Jan 6, 2011 4:07am
Quoting fontu
falling , not free one perhaps yet , 5468/46 may stop or even 5342/26 there for next.

round bottom there I see in h1 tf & low .not trading just looking any good take shorts.
fontu
i actually expect a bounce back to 5500 zone , ill short it there
Hero calls followed by margin calls...
  • #359,434
  • Jan 6, 2011 4:07am Jan 6, 2011 4:07am
Traders - Im away from the PC

Gone for the early morning JOG
  • #359,435
  • Jan 6, 2011 4:08am Jan 6, 2011 4:08am
Hi to everybody.
HDA: closed shorts at 3105
FUNDAMENTALS COME FIRST...
  • #359,436
  • Jan 6, 2011 4:08am Jan 6, 2011 4:08am
Quoting Driver55
From my point of view :

USDCHF is directed @ 9610

..... EURUSD consequently
i see swissy consolidating : p (or whatever is the verb for consolidation ^^ )
Hero calls followed by margin calls...
  • #359,437
  • Jan 6, 2011 4:08am Jan 6, 2011 4:08am
Quoting PhAnTi'
40?
Above 140 to 160-70 target..
  • #359,438
  • Jan 6, 2011 4:08am Jan 6, 2011 4:08am
Quoting PhAnTi'
MML : Murrey math lines
FB : fibonacchi levels

i personally prefer MLL's but actually it doesnt matter what u r using.
check attachment.

Attachment

Attachment


here is more found in the stack
Attached Image(s) (click to enlarge)
Click to Enlarge Name: indi1.gif Size: 16 KB
Click to Enlarge Name: indi2.gif Size: 18 KB
Attached File(s)
File Type: mq4 AutoFibAutoTrend.mq4   3 KB | 314 downloads
File Type: mq4 QuickFib.mq4   6 KB | 297 downloads
  • #359,439
  • Jan 6, 2011 4:09am Jan 6, 2011 4:09am
Quoting Vladimir1987
Above 140 to 160-70 target..
are u talking about gu or eu ? : p
Hero calls followed by margin calls...
  • #359,440
  • Jan 6, 2011 4:11am Jan 6, 2011 4:11am
Quoting PhAnTi'
i actually expect a bounce back to 5500 zone , ill short it there
Taking partial profit on 3 lots right now (long scalp on GU). Leaving the other 3 lots long open with TP 1.5498
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