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  • #396,821
  • Feb 27, 2011 5:08am Feb 27, 2011 5:08am
Trend is UP? Few more hours to confirm
  • #396,822
  • Feb 27, 2011 5:08am Feb 27, 2011 5:08am
Quoting bbakker
Hey Kill... still smoking that crackpipe I see!

Trend is up... but for how much longer. Who cares... stay with the trend until it bends. Let the market show its hand before jumping on the bandwagon. Still, we could see a stop hunt for weak longs before we see higher numbers printed on the chart, although I do see EU struggling. It is basically a country with huge debt and printing money like no tomorrow v. a collection of countries with huge debt and printing money too

It's like which one is going to default first... US state or an...

hey BB

heck ya also hashforex too

keep an eye on the middle east , dixy will be a safe heaven during crises add to it the S. frank
  • #396,823
  • Feb 27, 2011 5:10am Feb 27, 2011 5:10am
Quoting knuckledrag
Ahhhh,,,,,, not really. Its Gator's support group. Male Or Female Unresolved is trying to help gator with his feelings of inadequacy. MOFU is really a God send for people like Gator.

lol where is gator harem
  • #396,824
  • Edited 5:30am Feb 27, 2011 5:11am | Edited 5:30am
Quoting Raza
Gator ( a member) will explain you.. I am kinda shy to say....( not).

I spelled it wrong it should be MOFU !!

momo omo fofo uouo
  • #396,825
  • Feb 27, 2011 5:22am Feb 27, 2011 5:22am
Quoting kill56


lol
  • #396,826
  • Feb 27, 2011 5:31am Feb 27, 2011 5:31am
Quoting knuckledrag
Its not hard to see.Its not there. A H&S is formed at tops and bottoms, not in the middle of a move. What your looking at is a range. Like all ranges it indicates market uncertainty. The only thing to do is wait on a break, or fade the highs and lows.

Attachment
Thanks knuckledrag appreciate the info.
  • #396,827
  • Feb 27, 2011 6:29am Feb 27, 2011 6:29am
Quoting bbakker
lol... MOFO is a derogatory term.

MOFU is something completely different, but the acroynm is very close to the derogatory term and hence many people mistake it for this. The F in mofu is the big clue... Fibonacci and I think it means 'Middle Of Fibonacci U... or Mother Of Fibonacci (Don't know what U is, but I am sure I will work it out sooner or later).

So we are talking about the 50 percentile of a swing-high / swing-low.(Not that this is even a Fibonacci number, but hey, that is a completely different topic).

I think Fontu's post, a little...
thank you bbakker.understand it so so
A chart helps those who can read it.
  • #396,828
  • Feb 27, 2011 7:08am Feb 27, 2011 7:08am
Quoting kaspopsicle
Thanks, BB. You've cleared up a number of issues for me with the above..

Wonderful to see you posting again.

BTW ..OTA makes life, learning and trading a breeze. I love it. Can never thank you enough.
My pleasure P! Remember, you can't rush these things... it takes time!

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  • #396,829
  • Feb 27, 2011 7:24am Feb 27, 2011 7:24am
I think friday marked the end of bull for eu. H4 still haves room to drop to 3655. A good close below h4 fractal @ 3704 the drop can be brutal and I will we readying my self for 700+ pip drop of eu for the month of march. Inside bar in H4(ibfx)..3784/3793 will be a very good spot to short this again.GL
Attached Image (click to enlarge)
Click to Enlarge Name: euro1.png Size: 48 KB
  • #396,830
  • Feb 27, 2011 7:39am Feb 27, 2011 7:39am
Quoting Myrza
I think friday marked the end of bull for eu. H4 still haves room to drop to 3655. A good close below h4 fractal @ 3704 the drop can be brutal and I will we readying my self for 700+ pip drop of eu for the month of march. Inside bar in H4(ibfx)..3784/3793 will be a very good spot to short this again.GL
please DON'T. looooooool
A chart helps those who can read it.
  • #396,831
  • Feb 27, 2011 7:58am Feb 27, 2011 7:58am
Quoting Myrza
I think friday marked the end of bull for eu. H4 still haves room to drop to 3655. A good close below h4 fractal @ 3704 the drop can be brutal and I will we readying my self for 700+ pip drop of eu for the month of march. Inside bar in H4(ibfx)..3784/3793 will be a very good spot to short this again.GL
A quick question,
What's that yellow line in your 4hr stoch?
  • #396,832
  • Feb 27, 2011 8:06am Feb 27, 2011 8:06am
Quoting pkimnyc
A quick question,
What's that yellow line in your 4hr stoch?

That is the daily stoch and down below are the %R . Another thing I would like to add is that the daily %R already crosses -20 line which according to my setup is time to build position. GL
  • #396,833
  • Feb 27, 2011 8:09am Feb 27, 2011 8:09am
Quoting Myrza
I think friday marked the end of bull for eu. H4 still haves room to drop to 3655. A good close below h4 fractal @ 3704 the drop can be brutal and I will we readying my self for 700+ pip drop of eu for the month of march. Inside bar in H4(ibfx)..3784/3793 will be a very good spot to short this again.GL
i'm planning also to short at 3781 - ideally 3814 would be nice so will see how price moves around 3781.. stops at 3865.. any solid move above there and i will reverse my position as 1.40 will be likely..
  • #396,834
  • Feb 27, 2011 8:12am Feb 27, 2011 8:12am
Quoting Myrza
That is the daily stoch and down below are the %R . Another thing I would like to add is that the daily %R already crosses -20 line which according to my setup is time to build position. GL
I'm seeing complete opposite looking at your chart, but let's see what the market does on Monday. Gl to you as well. Long or short.
  • #396,835
  • Feb 27, 2011 8:17am Feb 27, 2011 8:17am
Quoting Orbital
Im sorry, im not entirely sure how exactly 3725 is not a bullish number seeing as the zone its in is the source of a 70 pip ralley up.

Source of ralley:Attachment

Reaction:
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its a monthly. the month did not close yet. we are having a heavy weight fight. it did close the weekly on the bull side. each journey starts with a single step. the pair is here and the last few footsteps were backwards to here. staying one pip above or below at close would not surprise me. neither would being one pip below 3557 at close. or higher then 3903. since the last st steps were bearish, for the bull to continue he has to take the first step. w/o a new low from since Friday's low that step is 3783.8. the small charts build the bigger ones. if we have a newer low, the bull # changes, the new # may be lower or higher. pa will dictate it. the week closed bullish.. now lets c where the month closes.
those who can, do. those who cant, talk about those who can
  • #396,836
  • Feb 27, 2011 8:26am Feb 27, 2011 8:26am
Quoting jaylovin
i'm planning also to short at 3781 - ideally 3814 would be nice so will see how price moves around 3781.. stops at 3865.. any solid move above there and i will reverse my position as 1.40 will be likely..
A good plan, moved quickly to follow the price,
only an analysis, and I'm always wrong, don't follow me,
  • #396,837
  • Feb 27, 2011 8:34am Feb 27, 2011 8:34am
Quoting Raza
I had this # on my mind for over a month now...You will see 1.3733 will become a MAJOR MOFU in the Future...

The up coming MOFU # is 1.3680 -88.. and the last one @1.3644
they are usually 50% # +/-.. they act the same on a proven fib or a predictive. in realty both of these are usually stronger then the ones figured in the daily. the daily ones lag the predictive. i tried to show that in a move a few nights ago. where the predictive was gonna jump over a daily one.
those who can, do. those who cant, talk about those who can
  • #396,838
  • Feb 27, 2011 8:37am Feb 27, 2011 8:37am
Quoting jaylovin
i'm planning also to short at 3781 - ideally 3814 would be nice so will see how price moves around 3781.. stops at 3865.. any solid move above there and i will reverse my position as 1.40 will be likely..

Anything is possible . I still keep my option open. M5/m15 is in overbought area during market close. Divergence in m5 forming..a possible gap down during opening..could be a good time buy also. I will go with the flow but my bias is still bearish next week.
  • #396,839
  • Feb 27, 2011 8:50am Feb 27, 2011 8:50am
http://www.bloomberg.com/news/2011-0...pressures.html

hmm i think eu will shoot up again tommorow...
Join My Signal On Telegram at @forextradingforlivingsignal
  • #396,840
  • Feb 27, 2011 8:51am Feb 27, 2011 8:51am
Quoting andelumut
A good plan, moved quickly to follow the price,
i saw price at 1.3831 but had just woken up so didn't place a trade as i didn't have time to look at the charts before making a choice - so stayed out of it... but according to my wave count... and i am still a little skeptical that the move from 3860 is the start of wave 3 - but if price doesn't touch 3860 - or even 3838 for that matter then we may see some significant drop... there is an alternative that the rise to 3860 was corrective wave A... and price moving past 3860 will mean we are in corrective wave C to the upside... don't have charts in front of me but it may travel the same distance at corrective wave A.

however i gotta see price move solidly below 3560 at this point to take bears seriously... will be tiny short positions from now then will add heavily if this starts to drop.
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