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  • #372,161
  • Jan 25, 2011 10:58am Jan 25, 2011 10:58am
Quoting fontu
Go baby go! still 32 min left this candle stop , break 3589 now! 3558 waiting for you for weaning .break & hold only 3604 , you will do it!next do the same 3686, then done.
fontu
I'm also starting to see weakness up here. I'd look for 1.3490 area.
  • #372,162
  • Jan 25, 2011 10:58am Jan 25, 2011 10:58am
there were a lot of volume on the 1hr bar up, and nearly half the volume on the bearish engulfing down.

therefore, a lot less volume is needed to make it go down than go up.therefore, path of least resistance is down.. is this correct?
  • #372,163
  • Jan 25, 2011 10:58am Jan 25, 2011 10:58am
This Euro has hit a huge resistance point at 1.3676, has NOT closed above this point. This could be a very obvious key reversal point as this Euro has continued to try to push up with good US indicators that point towards a slightly stronger dollar. It was my mistake to get into the euro instead of the pound, obvious people are holding the euro up just to kill the spirit of the bears before running it back down. This will come down soon, just a matter of when and what the catalyst is, maybe the news out of Britain as I had stated on Saturday was going to be bad will be it. Along with relatively mixed dollar and euro news.
  • #372,164
  • Edited 11:27am Jan 25, 2011 10:58am | Edited 11:27am
Long AUD/USD .... .9897
Target .9930
SL ... .9885
Tight Stop
Move stop to BE @ .9897
Let it ride
Close!!!
  • #372,165
  • Jan 25, 2011 10:59am Jan 25, 2011 10:59am
Quoting nooblaster
there were a lot of volume on the 1hr bar up, and nearly half the volume on the bearish engulfing down.

therefore, a lot less volume is needed to make it go down than go up.therefore, path of least resistance is down.. is this correct?
How are you finding the volume on your charts, not showing up on mine, and you are correct, but it means big money is moving the market on the way up and taking out their longs on the way down.
  • #372,166
  • Jan 25, 2011 11:01am Jan 25, 2011 11:01am
Quoting hutrader
I'm also starting to see weakness up here. I'd look for 1.3490 area.
..its going up here...
Attached Image (click to enlarge)
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Money is made by sitting, not trading. Jesse L. Livermore
  • #372,167
  • Jan 25, 2011 11:02am Jan 25, 2011 11:02am
Quoting kill56
dead walking eur

dow is down es eating shitt lets see
Someone seems determined to keep usd weak


despite all signs pointing to strength


.
Mind over matter..I don't mind and you don't matter.
  • #372,168
  • Jan 25, 2011 11:05am Jan 25, 2011 11:05am
Quoting Theroadto1bi
How are you finding the volume on your charts, not showing up on mine, and you are correct, but it means big money is moving the market on the way up and taking out their longs on the way down.
use better volume indicator on google.

i think it only measures retail volume, so... you dont get the rest of the market. but its better than nothing
  • #372,169
  • Jan 25, 2011 11:05am Jan 25, 2011 11:05am
for me its still all about 3553/80, period...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #372,170
  • Jan 25, 2011 11:06am Jan 25, 2011 11:06am
Inserted Video
  • #372,171
  • Jan 25, 2011 11:06am Jan 25, 2011 11:06am
Quoting PayTheLimit
for me its still all about 3553/80, period...
and yes, we are near important resistance...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #372,172
  • Jan 25, 2011 11:08am Jan 25, 2011 11:08am
5m showing the resistance is now at 3652, 3669 and 3687.. while the supports are now at 3618, 3603 and 3586... 3598-3603 will be the good area to reload longs.. otherwise to scalp for 10-15 pips.. i prefer to go short rather then to go long..
  • #372,173
  • Jan 25, 2011 11:08am Jan 25, 2011 11:08am
Quoting JuliusCeasar
Someone seems determined to keep usd weak


despite all signs pointing to strength


.
EXACTLY what I was thinking, fair value of the EURO against the dollar right now should be 1.34, looking at the data and how other pairs continue to attempt to fall, before the USDCHF slides more or the EURO holds up the other pairs against the dollar. Expect a sharp downturn, for whomever is holding it up, will back out when it starts to fall past the point it realizes it can no longer hold the dollar down and the euro up.
  • #372,174
  • Jan 25, 2011 11:08am Jan 25, 2011 11:08am
Oil down,Gbp down Gold down,and euro is holy grail suddenly
  • #372,175
  • Jan 25, 2011 11:10am Jan 25, 2011 11:10am
Quoting JuliusCeasar
Someone seems determined to keep usd weak


despite all signs pointing to strength


.
4H Open above it.
http://www.forexfactory.com/showpost...stcount=371717
  • #372,176
  • Jan 25, 2011 11:14am Jan 25, 2011 11:14am
Cloggie or anyone, do you think this upmove 1.3573-1.3684 10AM GMT is because EFSF auction today?

EUR was up because bond buyers see strong demand of the bond, so they buy EUR to buy the bond, or is this upmove is just because speculators see the strong demand then they just bet on EURO?

It's hard to know but I just want your thoughts.
  • #372,177
  • Jan 25, 2011 11:14am Jan 25, 2011 11:14am
Quoting Theroadto1bi
How are you finding the volume on your charts, not showing up on mine, and you are correct, but it means big money is moving the market on the way up and taking out their longs on the way down.


place in expert/indicator folder. restart your MT4 and you can use it.

Thank me later :-)
Attached File(s)
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 303 downloads
  • #372,178
  • Jan 25, 2011 11:15am Jan 25, 2011 11:15am
Quoting JuliusCeasar
Someone seems determined to keep usd weak


despite all signs pointing to strength


.
they are playing games
  • #372,179
  • Jan 25, 2011 11:16am Jan 25, 2011 11:16am
...this time on the way to 1.3700...???
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Money is made by sitting, not trading. Jesse L. Livermore
  • #372,180
  • Jan 25, 2011 11:18am Jan 25, 2011 11:18am
1.37....I hope ... good for short...
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