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  • #410,361
  • Mar 20, 2011 2:06pm Mar 20, 2011 2:06pm
Over bought for a little bit, double topmaround .4280, I guess the 2cd half ofmweek will dictate the new trend. (referring to eu conference)
  • #410,362
  • Mar 20, 2011 2:08pm Mar 20, 2011 2:08pm
pkimnyc,

why don`t you use the "Swing chart" feature of the DT software to get a better idea about the price pattern/elliott count ?

Sixer
  • #410,363
  • Mar 20, 2011 2:11pm Mar 20, 2011 2:11pm
Quoting Sixer
pkimnyc,

why don`t you use the "Swing chart" feature of the DT software to get a better idea about the price pattern/elliott count ?

Sixer
i like doing everything manual.
  • #410,364
  • Mar 20, 2011 2:22pm Mar 20, 2011 2:22pm
Quoting pkimnyc
i like doing everything manual.
I do too:
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  • #410,365
  • Mar 20, 2011 2:27pm Mar 20, 2011 2:27pm
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting PipChick
LOL anyone know what the most used words on here are?
Definitely 'muppet'
The forex market has its own life and takes its own time.
  • #410,366
  • Mar 20, 2011 2:32pm Mar 20, 2011 2:32pm
couldnt resist to come back for several weeks... : p

hey ^^
Hero calls followed by margin calls...
  • #410,367
  • Mar 20, 2011 2:35pm Mar 20, 2011 2:35pm
many are so sure. it makes me wonder.. no bounce?.. personally ill miss a long at this level.
reverse? i don't know that either. but neither does anyone else. will i ignore this? nope..... i c a stair pattern atm (purple circles)..

i don't see Led Zeppelin welcoming us atm.. Yes.. i may be wrong... yes.
there are 2 paths. yes there's still time. lots of buying the stairwell to heaven.. will a new day dawn for those who stand long? or will the direction of the stairs remain?
a huge bull continuation (wedge) pattern (developing) not valid yet.
not a pattern till complete..with tl break +
s 4196..

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Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #410,368
  • Mar 20, 2011 2:37pm Mar 20, 2011 2:37pm
From Jul 2008 top to may 2010 bottom on weekly 61.8 retrace

around 1.4430 +- (that's probably a target, if Trechet do rise rates)

On the same weekly triangle top trend line around 1.4310 +-

That's only from tech prospects of view, but fundamentally EUR should

trade around 1.30 as of now, only speculation about early rate hike

keeping EU flying high at the moment.. IMHO..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #410,369
  • Mar 20, 2011 2:38pm Mar 20, 2011 2:38pm
Quoting gatorinla
many are so sure. it makes me wonder.. no bounce?.. personally ill miss a long at this level....
i agree. i wouldn't blindly enter long from here also, but at the same time, there is no valid short set up (at least for me) either.
until i see a valid topping formation or short set up. i don't care even if soro's grandpa calls for short. i'm staying on course.
  • #410,370
  • Mar 20, 2011 2:43pm Mar 20, 2011 2:43pm
Quoting pkimnyc
i agree. i wouldn't blindly enter long from here also, but at the same time, there is no valid short set up (at least for me) either.
until i see a valid topping formation or short set up. i don't care even if soro's grandpa calls for short. i'm staying on course.
did you honestly look at the chart? or did you post w/o more then a glance?
those who can, do. those who cant, talk about those who can
  • #410,371
  • Mar 20, 2011 2:44pm Mar 20, 2011 2:44pm
Quoting gatorinla
did you honestly look at the chart? or did you post w/o more then a glance?
i look at it everyday.
  • #410,372
  • Mar 20, 2011 2:45pm Mar 20, 2011 2:45pm
Quoting pkimnyc
i look at it everyday.
the one i posted?
those who can, do. those who cant, talk about those who can
  • #410,373
  • Mar 20, 2011 2:46pm Mar 20, 2011 2:46pm
Quoting gatorinla
many are so sure. ...... will a new day dawn for those who stand long?
I doubt this dawn will come soon. Odyssey Dawn has replaced this chance.
The Thief of Wall Street
  • #410,374
  • Mar 20, 2011 2:46pm Mar 20, 2011 2:46pm
Quoting pkimnyc
i don't care even if soro's grandpa calls for short.
Is he rich, too?
  • #410,375
  • Mar 20, 2011 2:49pm Mar 20, 2011 2:49pm
Quoting gatorinla
the one i posted?
with all due respect gator, i think you are a good trader, one of the few that i've seen in ff. unfortunately, i can't understand your chart. i only know how to trade my set up that works for me with my own pace. bottom line for me, i need to have a specific criteria in order for me to execute the trade even if i have to miss the initial wave.
  • #410,376
  • Mar 20, 2011 2:50pm Mar 20, 2011 2:50pm
Quoting Chicky
I doubt this dawn will come soon. Odyssey Dawn has replaced this chance.
when i long it will be at a better price.
those who can, do. those who cant, talk about those who can
  • #410,377
  • Mar 20, 2011 2:52pm Mar 20, 2011 2:52pm
Short at 1.4194 also as per earlier post

Quoting pipper
1.4207 will be an interesting PA Level
Disclaimer: Check your 1m charts
  • #410,378
  • Mar 20, 2011 2:55pm Mar 20, 2011 2:55pm
Quoting SkyzerFX
only speculation about early rate hike

keeping EU flying high at the moment.. IMHO..
i got the same opinion
if we didn't have surprise with rate hike in Eur that pair would be down already.
On the other hand most of rate raise is already in price , the same story like with QE2, 24 hours after announcement we had huge move down which have lasted for the next month and move the pair to ca. 1,3
what will move this pair up after EU decision ?
i guess nothing
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  • #410,379
  • Mar 20, 2011 3:01pm Mar 20, 2011 3:01pm
Quoting pkimnyc
with all due respect gator, i think you are a good trader, one of the few that i've seen in ff. unfortunately, i can't understand your chart. i only know how to trade my set up that works for me with my own pace. bottom line for me, i need to have a specific criteria in order for me to execute the trade even if i have to miss the initial wave.
i wasn't telling you to trade either way.. but invite you to look at where we were (oct 2000) and where 6038 is.. and where we currently are. i don't know where we r going. but i do expect bounces along the way hundreds or thousands of pips..
those who can, do. those who cant, talk about those who can
  • #410,380
  • Mar 20, 2011 3:07pm Mar 20, 2011 3:07pm
Quoting gatorinla
i wasn't telling you to trade either way.. but invite you to look at where we were (oct 2000) and where 6038 is.. and where we currently are. i don't know where we r going. but i do expect bounces along the way hundreds or thousands of pips..
i am aware of that too gator, and also looking at the level possibly turn into a double top as many people here refer to. if price gets to that level, bounce or break, i would let the candle formation or pattern speak to me. besides 1000 pips drop is not gonna happen (hopefully) in a single line. there should be another opportunity for me to get in, if bounces.
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