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  • #410,321
  • Mar 20, 2011 1:01pm Mar 20, 2011 1:01pm
Using the cross pair of USDCHF isn't any help in determing direction at this time, it's giving confliceing signals,,, bearish div. indicating short and 5 min channel indicating buy.....so seems to me we're back to what gator and Magix said.....wait and see. lol
anyone got the dollar index showing anything diff.
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  • #410,322
  • Mar 20, 2011 1:02pm Mar 20, 2011 1:02pm
Quoting PipChick
I definitely see your reasoning for the 3920 area. The concern is the H4 inverse NL (which has not been tested yet) comes in at the 61.8 and the 50 ema. So if the h1 retracement ends up being deeper than expected, i will be watching the 3980 - 4000 area for a possible buy. Now...everything going on in Libya could prove me wrong for sure. One thing I know is that I cannot buy unless we have a retracement. The following chart is an H4
nice, hadn't clocked that...
  • #410,323
  • Mar 20, 2011 1:02pm Mar 20, 2011 1:02pm
Quoting attila
all the analysis is nice and dandy. it can go either way and picking a side is a loser's game. there is one thing for sure: it will retrace. to where? we'll see. if that retrace turns into a reverse (reverse on what TF? pick yours) then we'll know. i might have hit something genius here. LOL.
Well of course it can go either way...this is the forex market But as a trader, I advise having an idea and an edge before pulling the trigger
More analysis and less bickering may be good for the thread for a change. lol
  • #410,324
  • Mar 20, 2011 1:04pm Mar 20, 2011 1:04pm
Quoting PipChick
I see that FibbinArchie and I also see we have decreasing volume on the upmove over the last two days...
Yes agree as well. I saw others around and after Friday close talking about the opposite ...... increasing volume.

Now "volume" is always an iffy situation in forex. But either it is or isn't increasing and from 3 sources I use (wish I had more) it was decreasing.
  • #410,325
  • Mar 20, 2011 1:05pm Mar 20, 2011 1:05pm
Quoting PipChick
Well of course it can go either way...this is the forex market But as a trader, I advise having an idea and an edge before pulling the trigger
More analysis and less bickering may be good for the thread for a change. lol
of course. it's just that this is a time when we should just wait and let others fight this battle and show us the way.
  • #410,326
  • Mar 20, 2011 1:08pm Mar 20, 2011 1:08pm
Quoting SunTrader
Yes agree as well. I saw others around and after Friday close talking about the opposite ...... increasing volume.

Now "volume" is always an iffy situation in forex. But either it is or isn't increasing and from 3 sources I use (wish I had more) it was decreasing.
I use volume a little different than most and am watching the VSA thread as its always good to learn whatever you can, ya never know if it will fit into your strategy and benefit it but yes, I see the daily as decreasing volume.
  • #410,327
  • Mar 20, 2011 1:09pm Mar 20, 2011 1:09pm
Quoting attila
of course. it's just that this is a time when we should just wait and let others fight this battle and show us the way.
You go ahead and do that and I will FIND the way.
I will be charting and watching the technicals with my headphones on listening to the fundi's.
  • #410,328
  • Mar 20, 2011 1:12pm Mar 20, 2011 1:12pm
Quoting SunTrader
Yes agree as well. I saw others around and after Friday close talking about the opposite ...... increasing volume.

Now "volume" is always an iffy situation in forex. But either it is or isn't increasing and from 3 sources I use (wish I had more) it was decreasing.
Decreasing volume doesn't neccessarily mean a move is ending or even weakening nor does it mean that a retrace will or will not happen. Volume needs to be used inconjunction with certain candle patterns and the spread / close of these candles for it to mean anything.
Today's zone = Tomorrow's opportunity!
  • #410,329
  • Mar 20, 2011 1:14pm Mar 20, 2011 1:14pm
Quoting PipChick
You go ahead and do that and I will FIND the way.
I will be charting and watching the technicals with my headphones on listening to the fundi's.
that was a figure of speech for longer termers. i scalp. GL
  • #410,330
  • Mar 20, 2011 1:14pm Mar 20, 2011 1:14pm
Quoting pres78
Decreasing volume doesn't neccessarily mean a move is ending or even weakening nor does it mean that a retrace will or will not happen. Volume needs to be used inconjunction with certain candle patterns and the spread / close of these candles for it to mean anything.
If you use it with hidden divergences, it can be magical. Although, there is no hidden divergence present on the daily chart.
  • #410,331
  • Mar 20, 2011 1:16pm Mar 20, 2011 1:16pm
h1...

I'm not callin a top here....but a pullback is very probable....imo
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  • #410,332
  • Mar 20, 2011 1:17pm Mar 20, 2011 1:17pm
Quoting attila
of course. it's just that this is a time when we should just wait and let others fight this battle and show us the way.
I'm with you attila, i don't have to be the 1st one to the party. lol just want to be there to gather some of the good stuff on the table or in this case chart lol
  • #410,333
  • Mar 20, 2011 1:18pm Mar 20, 2011 1:18pm
Quoting PipChick
If you use it with hidden divergences, it can be magical.
Perhaps... not a divergance trader myself but I know you do quite well with them. I would actually like to see Monday as a retrace into 3920ish area before taking on last years high at 4280 around Wednesday.
Today's zone = Tomorrow's opportunity!
  • #410,334
  • Mar 20, 2011 1:19pm Mar 20, 2011 1:19pm
Quoting pres78
Perhaps... not a divergance trader myself but I know you do quite well with them. I would actually like to see Monday as a retrace into 3920ish area before taking on last years high at 4280 around Wednesday.
It would be best if we could get that level for sure.
  • #410,335
  • Mar 20, 2011 1:21pm Mar 20, 2011 1:21pm
Quoting PipChick
It would be best if we could get that level for sure.
Oops mean't 4020... 3920 on Monday would be one crazy ADR. I would prefer not to see a daily close below 1.4... although we could retrace into 3970ish on Tuesday early trading but then close back close to or above 1.41 for the day.
Today's zone = Tomorrow's opportunity!
  • #410,336
  • Mar 20, 2011 1:21pm Mar 20, 2011 1:21pm
Quoting sum_1
h1...

I'm not callin a top here....but a pullback is very probable....imo

what are all those strange triangles across your charts?
rat
  • #410,337
  • Mar 20, 2011 1:25pm Mar 20, 2011 1:25pm
Quoting rattyo
what are all those strange triangles across your charts?
gartleys
  • #410,338
  • Mar 20, 2011 1:26pm Mar 20, 2011 1:26pm
Quoting rattyo
what are all those strange triangles across your charts?
We could get one of those things where there is an empty space between fri close and sunday open . I like trading those

oops wasnt meant as a reply to rattyo
  • #410,339
  • Mar 20, 2011 1:27pm Mar 20, 2011 1:27pm
Quoting PipChick
We could get one of those things where there is an empty space between fri close and sunday open . I like trading those

oops wasnt meant as a reply to rattyo
SHHH those doesn't exisit and good god don't get them wet
Today's zone = Tomorrow's opportunity!
  • #410,340
  • Mar 20, 2011 1:28pm Mar 20, 2011 1:28pm
Quoting sum_1
h1...

I'm not callin a top here....but a pullback is very probable....imo
You may want to take notice of price range ZUP shows:
- upper for E/U - 1.4252
- lower for DXY - 75.15

Rgrs,
P.
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