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  • #394,841
  • Feb 23, 2011 7:14pm Feb 23, 2011 7:14pm
phew, we have a new alltime low in uc and uj doesn't look good either... eu has to go up another 100 pips to reach the technical target of the ihs.

something's cooking, or it's maturing on a larger scale.
  • #394,842
  • Feb 23, 2011 7:16pm Feb 23, 2011 7:16pm
Quoting Patience
It's not my indicator. I grabbed it from FF somewhere and, as I said, I'm sure there are newer ones out there but this is more than sufficient for my needs.

Hoping this is going to work. Been a long time since I posted an indicator.
.
Got it, thanks...
  • #394,843
  • Feb 23, 2011 7:18pm Feb 23, 2011 7:18pm
1.3778 should be a good sell entry targeting 1.3661 today ; I can be wrong.

http://img109.imageshack.us/img109/2959/get.gif
  • #394,844
  • Feb 23, 2011 7:20pm Feb 23, 2011 7:20pm
Quoting Mr Hatch
phew, we have a new alltime low in uc and uj doesn't look good either... eu has to go up another 100 pips to reach the technical target of the ihs.

something's cooking, or it's maturing on a larger scale.
Some fair points Hatch, but I think EU's up trend may be getting a little over heated and may be due a decent correction (I may be wwwrong)...

23.6% @ 725

38.2% @ 687
  • #394,845
  • Feb 23, 2011 7:20pm Feb 23, 2011 7:20pm
What is up with this nonsense PA? Clear as mud on the 5m. lol
  • #394,846
  • Feb 23, 2011 7:21pm Feb 23, 2011 7:21pm
Quoting gordonfx
...... and keeping an eye on the bearish divergence on the 4 hr.....
Best to you as well gordon but I have to tell you another thing I don't understand is looking for bullish/bearish divergences and bullish/bearish reverse divergences as simple technique.

Kind of like looking for oversold/overbought readings. Sometimes they nail the turns and sometimes the market keeps rolling along in the direction it was heading.

Almost everything I watch for besides just good old price action I've picked up from Tom DeMark's books as well as software I use that I bought from his company years back.

He recommends (but you have to read his exact words to understand completely) measuring the particular indicator for the duration of the divergence - mild or extreme. And believe it or not it is mild (short duration readings) where most turns happen.

If you are so inclined google his name and you might find something interesting.
  • #394,847
  • Feb 23, 2011 7:23pm Feb 23, 2011 7:23pm
Quoting Venice
What is up with this nonsense PA? Clear as mud on the 5m. lol
http://img819.imageshack.us/img819/1...9gcsmwiyyk.jpg
  • #394,848
  • Feb 23, 2011 7:23pm Feb 23, 2011 7:23pm
Quoting FibbinArchie
Some fair points Hatch, but I think EU's up trend may be getting a little over heated and may be due a decent correction (I may be wwwrong)...

23.6% @ 725

38.2% @ 687
hehe, just admit that you want better entries.

seriously, by reaching 385x-388x, we have another 1000-pip move, but a distorted one with all the bullshit pa. these days, I read a lot about that markets are quite thin... why?

edit: missed something on H4, so I get a different ihs... target is 1.4.
am a bit tired atm.
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  • #394,849
  • Feb 23, 2011 7:24pm Feb 23, 2011 7:24pm
USD/CHF looks like it's about to fall even farther off the cliff.
  • #394,850
  • Feb 23, 2011 7:29pm Feb 23, 2011 7:29pm
Quoting Mr Hatch
phew, we have a new alltime low in uc and uj doesn't look good either... eu has to go up another 100 pips to reach the technical target of the ihs.

something's cooking, or it's maturing on a larger scale.
I think the algos are just shorting the crap out of the USD. Should be ripe for a pop anytime now I think - some Geinther comments or war spookery and it's off; posted a couple of charts in the USDJPY thread, although it's a crapshoot - just fails all the upthrusts and stays within channel.
  • #394,851
  • Feb 23, 2011 7:30pm Feb 23, 2011 7:30pm
Quoting Venice
USD/CHF looks like it's about to fall even farther off the cliff.
appears to be 2:1-ratio in correlation to eu:uc, so it "should" move a bit lower, if eu keeps rising.

Beljevina, that thought didn't occur to me. Thanks for pointing this out.
  • #394,852
  • Feb 23, 2011 7:30pm Feb 23, 2011 7:30pm
Quoting Mr Hatch
these days, I read a lot about that markets are quite thin... why?
maybe because money-distribution is more imbalanced than back in the days...??
  • #394,853
  • Feb 23, 2011 7:33pm Feb 23, 2011 7:33pm
Quoting PunjabiSher
1.3778 should be a good sell entry targeting 1.3661 today ; I can be wrong.

http://img109.imageshack.us/img109/2959/get.gif
good entry

http://img717.imageshack.us/img717/6434/getn.gif
  • #394,854
  • Feb 23, 2011 7:35pm Feb 23, 2011 7:35pm
added another short on the way down ; target for the new short is 3719
  • #394,855
  • Feb 23, 2011 7:37pm Feb 23, 2011 7:37pm
GM hashforex heads

this might help lets see if it works ,it seems h1 and above do work ,

not valid if it gos below 77.00
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  • #394,856
  • Edited 7:59pm Feb 23, 2011 7:37pm | Edited 7:59pm
Quoting Mr Hatch
hehe, just admit that you want better entries.

seriously, by reaching 385x-388x, we have another 1000-pip move, but a distorted one with all the bullshit pa. these days, I read a lot about that markets are quite thin... why?

edit: missed something on H4, so I get a different ihs... target is 1.4.
am a bit tired atm.
yes, I'm not thinking much more than a 100 pip retrace before continuation, we're under 100 pips from that target so it seems likely, it may be the case that "big money" wants to drive it lower first to load up, although given Tuesday's PA they may not need to...

Nice chart btw...
  • #394,857
  • Feb 23, 2011 7:39pm Feb 23, 2011 7:39pm
Quoting PunjabiSher
added another short on the way down ; target for the new short is 3719
hey why not post those indis on u chart L.
  • #394,858
  • Feb 23, 2011 7:41pm Feb 23, 2011 7:41pm
Quoting FibbinArchie
yes, I'm not thinking much more than a 100 pip retrace before continuation, we're under 100 pips from that target so it seems likely, it may be the case that "big money" wants to drive it lower first to load up, although given Tuesday's PA they may not need to...
my scenario would be 3869, 3733, 34005 in the bullish case. the bearish one resembles a wtf.
  • #394,859
  • Feb 23, 2011 7:42pm Feb 23, 2011 7:42pm
Quoting buonvangvn
add short 1.3783
http://www.forexfactory.com/attachme...0&d=1298508896

http://www.forexfactory.com/showthre...78#post4424578

Move SL = Be -2
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  • #394,860
  • Feb 23, 2011 7:42pm Feb 23, 2011 7:42pm
I'm seeing a narrow range so far, so wrapping up, have a good night guys, green pips...
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