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  • #364,941
  • Jan 14, 2011 6:27am Jan 14, 2011 6:27am
So I am wondering..is this just a pull back in order to form an H4 inverse H&S? (H1 already has an Inverse H&S.) or will we see the same thing we saw the last time the price reached these levels?
  • #364,942
  • Jan 14, 2011 6:28am Jan 14, 2011 6:28am
Quoting gatorinla
looking for a north setup about 3320/21/26 3288 3248 scalp/?
whats old is new again.. what will 42 do.. reload? waiting for a signal.
those who can, do. those who cant, talk about those who can
  • #364,943
  • Jan 14, 2011 6:29am Jan 14, 2011 6:29am
Quoting PhAnTi'
could someone please post a usdx chart ?!
Here is a DX h4
Attached Image (click to enlarge)
Click to Enlarge Name: DX h4.gif Size: 8 KB
  • #364,944
  • Jan 14, 2011 6:29am Jan 14, 2011 6:29am
Quoting alexxi
and good progeram to examine quickly a vast number of days without going crazy day by day? or do you export to access or something?
sure, it is a few lines of code, and a fun result.
  • #364,945
  • Jan 14, 2011 6:29am Jan 14, 2011 6:29am
Quoting damo
Amazing. Everyone here is bullish and the price keeps dropping. We are now beyond 100% retracement.

I think the 4H and 1H are going to win a southward battle.
Its normal, at 1.3000 we have only bears at 1.40 we have only bulls .
Don't be a hero. Don't have an ego. Always question yourself
  • #364,946
  • Jan 14, 2011 6:29am Jan 14, 2011 6:29am
Quoting vlady1974
On a 5M, going to wait until 33257 is broken. If so, expect a move back up to 3386 then expect price to either fall short or follow through. If falls short and takes out previous swing low, then short term downtrend confirmed on 5M and time to SHORT in 20 or 40 pip moves.

On 1H, 33257 must be broken as well. All leading to 4H pin bar waiting to be confirmed.
Hmm... okay.. bounce off 325X. Will it go back above 3354, the previous swing low?
A pip is only worth it if you know how much you risked to earn it
  • #364,947
  • Jan 14, 2011 6:30am Jan 14, 2011 6:30am
Quoting fxstarter
I think it is a bit early to go short. There is a support at .3328
I prefer to think of support/resistance in terms of price zones rather than specific levels, it does appear that for the time being the market agrees with you to within 10 pips...
  • #364,948
  • Jan 14, 2011 6:31am Jan 14, 2011 6:31am
Quoting ForexTreeGuy
This should be interesting going into U.S, Friday session. lots of room down after allot of selling into supply.
Demand you mean?

I would say we range between 1.3360/70 - 1.3320/30 until NY open.

That is supply and demand range.
They think they are smarter than I am.
  • #364,949
  • Jan 14, 2011 6:31am Jan 14, 2011 6:31am
Quoting PhAnTi'
could someone please post a usdx chart ?!
Liebes FANTI ...

I will give you a LINK ... where you can see it very easily ... even no registration needed for that ...

http://www.netdania.com/Products/liv...rtStation.aspx
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #364,950
  • Jan 14, 2011 6:32am Jan 14, 2011 6:32am
So the crazy took profit after hitting the bear pride & let a down . lets see if 3282, 3271 or 48 to restart bull .

fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #364,951
  • Jan 14, 2011 6:33am Jan 14, 2011 6:33am
Quoting mercy seat
Liebes FANTI ...

I will give you a LINK ... where you can see it very easily ... even no registration needed for that ...

http://www.netdania.com/Products/liv...rtStation.aspx
But FANTI FANTI ... in case you register there ... then you will have more facilities ... and it is still free ...

2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #364,952
  • Jan 14, 2011 6:34am Jan 14, 2011 6:34am
Quoting PipChick
So I am wondering..is this just a pull back in order to form an H4 inverse H&S? (H1 already has an Inverse H&S.) or will we see the same thing we saw the last time the price reached these levels?
If I had to guess, I'd say pull back and we'll close today at the weekly high, but that's a pure "stick my finger in the air to see which way the wind is blowing" guess...

Will be just entering and exiting based on pa, went long there for 15 pips, but I very much doubt it will reverse off that low without at least a retest...
  • #364,953
  • Jan 14, 2011 6:37am Jan 14, 2011 6:37am
Quoting zaphy
FYI: I ran a little check on Tarantula's theory on USD/CHF profit taking on Fridays using the tick data available to me.

309 Fridays examined. If you sold CHF blindly at 8.00GMT you would have made money 158 times with a probability of 0.511327.
If you managed to successfully identify the days when you'd win you could have made 0.80067 profit (yes 8000pips). If you didn't identify the Fridays when the profit was sure you still could have made 0.13046 (yes, 1304 pips).

I like Tarantula's theory about Fridays .
Well thanks and btw, nice summary
  • #364,954
  • Jan 14, 2011 6:40am Jan 14, 2011 6:40am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting PhAnTi'
could someone please post a usdx chart ?!
Your right in always refering back to the USDX. But don't stress too much. You'll see that it is almost the perfect inverse of a EURUSD chart.

Besides, if your desparate you can always look at the CHFUSD.
Trade what you see, not what you think.
  • #364,955
  • Jan 14, 2011 6:41am Jan 14, 2011 6:41am
Quoting FibbinArchie
If I had to guess, I'd say pull back and we'll close today at the weekly high, but that's a pure "stick my finger in the air to see which way the wind is blowing" guess...

Will be just entering and exiting based on pa, went long there for 15 pips, but I very much doubt it will reverse off that low without at least a retest...
I dont trade much on Fridays unless I see a really good opportunity so I will sideline for now.
  • #364,956
  • Jan 14, 2011 6:41am Jan 14, 2011 6:41am
true but usdx is much cleaner due to it being a basket and will show you when EU is fake breaking exactly liek this morning
  • #364,957
  • Jan 14, 2011 6:41am Jan 14, 2011 6:41am
s 3346 reload
those who can, do. those who cant, talk about those who can
  • #364,958
  • Jan 14, 2011 6:41am Jan 14, 2011 6:41am
Quoting damo
Amazing. Everyone here is bullish and the price keeps dropping.
Not everyone.

Quoting wormboy
I sold with stop placed @1.346
DX shows potential bottoming out atm with a complete reversal pattern. Key resistance level lies between 79.46 - 79.55 Close cleanly above & I will look to add to the existing short positions further. Failure & I will look to take profit.
Let's see how this goes. Good luck.
DX now approaching key resistance level. Time to protect profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx.gif Size: 17 KB
Click to Enlarge Name: dx1.gif Size: 17 KB
Thank You
  • #364,959
  • Jan 14, 2011 6:42am Jan 14, 2011 6:42am
Quoting damo
Your right in always refering back to the USDX. But don't stress too much. You'll see that it is almost the perfect inverse of a EURUSD chart.

Besides, if your desparate you can always look at the CHFUSD.
Im watching that inverse also. Time will tell
  • #364,960
  • Jan 14, 2011 6:42am Jan 14, 2011 6:42am
Quoting PipChick
I dont trade much on Fridays unless I see a really good opportunity so I will sideline for now.
the sensible choice of course, got some juicy economic data out within the hour...
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