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EURUSD

  • #397,301
  • Feb 28, 2011 6:21am Feb 28, 2011 6:21am
Here's my trades so far today
buy 1.3733 TP 1.3837 +104
buy 1.3715 TP 1.3837 +122
Pending
Buy 3799 target 3970

Looks like mini H&S on the 5
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Founder of Sutherland Wave Principle
  • #397,302
  • Feb 28, 2011 6:22am Feb 28, 2011 6:22am
Bit or resistance around on the hourly / 4 hourly
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #397,303
  • Feb 28, 2011 6:23am Feb 28, 2011 6:23am
Quoting Traderji
I am 100% uncertain that Wave A (using N Dimensional E Wave function gamma) and compensating diagonal A+R+S+E constants are in fact in play. Furthermore the BS variable is so huge that surfing the Wave 2 with a Wave 5 contest gives us absolutely no indication as to the next price movement. Only one thing is certain from this analysis that definitely maybe the price will move up or down in the foreseeable future.


PS: Big shoutout to my fellow wave junkies out there. We shall overcome.


  • #397,304
  • Feb 28, 2011 6:26am Feb 28, 2011 6:26am
Quoting suthmo
Here's my trades so far today
buy 1.3733 TP 1.3837 +104
buy 1.3715 TP 1.3837 +122
Pending
Buy 3799 target 3970

Looks like mini H&S on the 5
I like those buy and sell arrows.
  • #397,305
  • Feb 28, 2011 6:28am Feb 28, 2011 6:28am
Quoting infinitus
lol, what utter garbage.
  • #397,306
  • Feb 28, 2011 6:31am Feb 28, 2011 6:31am
Bit of a sideways stall at the moment. Wait for the break either side then looking for a valid signal.

Might be time to sit out for the night.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #397,307
  • Feb 28, 2011 6:31am Feb 28, 2011 6:31am
eh, nowt much happening?
  • #397,308
  • Feb 28, 2011 6:32am Feb 28, 2011 6:32am
come on, would have thought the news would have given us at least an M5 breakout...
  • #397,309
  • Edited Apr 8, 2011 1:22am Feb 28, 2011 6:33am | Edited Apr 8, 2011 1:22am
Quoting mercy seat

I do post this today again ... as I see that many of us are not able to see what the market wants to give us ...

Those who are looking for reliable information ... should have a chance to get some ... mehr kann ich nicht tun ... it's up to you ... I have not got soo much time for...




European Forex Technicals: JPY To Extend Strength
28 Feb 2011, 08:36

By Francis Bray (TRADING Central)
The Dow Jones Newswires Technical Analysis Partner




Intraday EUR/USD: The corrective setback off Friday's 1.3839 high is limited to the 1.3635 area. Monday's strong recovery off 1.3712 will look to extend towards 1.3795, and bring the focus back onto the 1.3839 high. The short-term uptrend will remain dominant while 1.3635 holds, creating room for further gains to the Feb. 2 bull wedge high at 1.3862 and a 1.618 Fibonacci extension target at 1.4000. Only below 1.3635 would concern bulls.

Weekly chart EUR/USD trend: Bullish.



Intraday USD/JPY: Bears are piling pressure on support at 81.62, and a downside break is expected to expose 81.57 and 81.50. The support line of an effective four-month bear pennant consolidation pattern lies at 81.57, but there is scope for a sustained downside break towards the Feb. 4 reaction low at 81.10. Regaining ground above 82.07 is required to provide respite, but corrective upside scope is limited.

Weekly chart USD/JPY trend: Bearish.



Intraday GBP/USD: Key support at 1.6032 has held to bring the focus back onto resistance at 1.6156. However, the 1.6156 level is pivotal, and a break through 1.6156 is required to lift the tone, opening 1.6211 and leaving the 1.6277 reaction high vulnerable once more. Failure to break through 1.6156 would put the 1.6032 low back under pressure, which protects the Feb. 11 reaction low at 1.5964.

Weekly chart GBP/USD trend: Bearish.



Intraday USD/CHF: Stages a corrective recovery off Friday's all-time low at 0.9229, which has maximum scope to the solid 0.9355 resistance area. However, a break through resistance at 0.9320 is required to open the 0.9355 area, as part of consolidation. Once a near-term peak has been confirmed beneath 0.9355, dominant bears will look to renew pressure on the 0.9229 low, exposing 0.9182 initially, but creating scope for the 0.9010 area this week.

Weekly chart USD/CHF trend: Bearish.



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #397,310
  • Feb 28, 2011 6:33am Feb 28, 2011 6:33am
Quoting malcolmb14
does it really have to be this complicated ?

fact
1.3750 monthly support
1.3850 weekly resistance.

London open 1.3750 was tested on a 15 min 2 bar reversal entry 1,3770 for test monthly resistance and up day
really really easy ....

why do traders want to make this look hard with this n that moving average on all time frames , fibs , pivots , some other form of justifications like clouds

Markets are all about support and resistance , supply and demand zones. Once you understand this trading is SIMPLE.

For new traders go to you r chart...
yes but someone on here as now pointed out there is divergence on lots of time frames.
I googled divergence and looked at my charts and this is the case there is divergenece so that indicates a short. I read this info on baby pips

I think Im onto something here. surley it can't keep going up.
rat
  • #397,311
  • Feb 28, 2011 6:34am Feb 28, 2011 6:34am
my fxopen is pretty static...
  • #397,312
  • Feb 28, 2011 6:35am Feb 28, 2011 6:35am
Quoting rattyo
yes but someone on here as now pointed out there is divergence on lots of time frames.
I googled divergence and looked at my charts and this is the case there is divergenece so that indicates a short. I read this info on baby pips

I think Im onto something here. surley it can't keep going up.
I can't tell if you are trying to be sarcastic or not...
  • #397,313
  • Feb 28, 2011 6:36am Feb 28, 2011 6:36am
ok, doesn't look like there's gonna be a breakout anytime soon.
  • #397,314
  • Feb 28, 2011 6:38am Feb 28, 2011 6:38am
Quoting rashygomez
I like those buy and sell arrows.
Those are MA crosses or swing points. Never enter on that, additional confirmation is needed. Those are usually lagging and in ranging markets lead to a huge losers.
  • #397,315
  • Feb 28, 2011 6:39am Feb 28, 2011 6:39am
Quoting T@rantula
I use different trading methods. GL with yours
As i said, i didn't mean any offense, im very sure we have different trading approaches, i just couldn't understand the reasoning between entering a trade in the middle of a zone without definite Price action confirmation.

Either way US opening in 20 minutes, volume should pick up and im busy scalping GU's trangle so good luck on those trades
  • #397,316
  • Feb 28, 2011 6:41am Feb 28, 2011 6:41am
Quoting rashygomez
ok, doesn't look like there's gonna be a breakout anytime soon.
It's knocking hard on the door, I'm looking to repeat end oct begining nov, happy days
  • #397,317
  • Feb 28, 2011 6:43am Feb 28, 2011 6:43am
Quoting Orbital
As i said, i didn't mean any offense, im very sure we have different trading approaches, i just couldn't understand the reasoning between entering a trade in the middle of a zone without definite Price action confirmation.

Either way US opening in 20 minutes, volume should pick up and im busy scalping GU's trangle so good luck on those trades

One traders reasoning for a trade entry will always be different to anothers. You can even have two traders that trade the same method, one may take the signal one may not depending on varying different factors.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #397,318
  • Feb 28, 2011 6:46am Feb 28, 2011 6:46am
Could now be a triangle, we would be in wave E of this triangle.

Maybe long @ 3825
  • #397,319
  • Feb 28, 2011 6:46am Feb 28, 2011 6:46am
Quoting DarkWolF
One traders reasoning for a trade entry will always be different to anothers. You can even have two traders that trade the same method, one may take the signal one may not depending on varying different factors.
Its his Stoploss i was confused about not the trade itself
  • #397,320
  • Feb 28, 2011 6:46am Feb 28, 2011 6:46am
Quoting T@rantula
Those are MA crosses or swing points. Never enter on that, additional confirmation is needed. Those are usually lagging and in ranging markets lead to a huge losers.
exactly. good old MA cross is what everyone falls for at first.

bites you hard though.
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