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  • #413,501
  • Mar 25, 2011 8:18am Mar 25, 2011 8:18am
Several fib levels in the 411x-412x range too.
  • #413,502
  • Mar 25, 2011 8:19am Mar 25, 2011 8:19am
Quoting Larseg


Is that hope I hear?
It's not hope. This is where i think it's heading. With that said, I'm bearish on this pair since recently with two short positions opened - one of them is in negative though.
  • #413,503
  • Mar 25, 2011 8:21am Mar 25, 2011 8:21am
Cool... very true on what you have said, however everyone has different trading styles, since I just live and breathe of just 1 min chart, and dont even look at higher time frames since my indicators do the job of telling me about higher time frames, I dont follow this method. Plus I am ok with seeing red pips and it turning green later.... since I am pretty sure about the underlying big trend....

Quoting Traderji
Yea but you don't pick a bottom till you have confirm breakout to the upside on a high TF. Besides your move is no less risky when you consider the drawdown on your account. I'd be pretty tense if I was going into the weekend 70pips in the red.
  • #413,504
  • Mar 25, 2011 8:23am Mar 25, 2011 8:23am
Near time for the 930 lift off or sinking too.
  • #413,505
  • Mar 25, 2011 8:26am Mar 25, 2011 8:26am
Quoting Lagoon440
Near time for the 930 lift off or sinking too.
Stock index futures are slightly positive so initial move up but after that .......... I'm guessing down. But I'll wait and see in any case.
  • #413,506
  • Mar 25, 2011 8:28am Mar 25, 2011 8:28am
Quoting sriramsh
Well, I think it may start reversing now...1.4120 since thats a important point as of yesterday... we may not get to see 1.4099.... I may be wrong... but I bought another long at 1.4120...
Erm....

Nothing like throwing your account away for a market bias is there?

There were a few of us discussing the rejection off of last weeks close and this weeks open. The fact that we held below the week being positive for the vast amount of the week could mean that we could see a little profit taking and a bit of a retrace before heading for higher highs...

Now, some of us have even been discussing this since before the week opened...

There will always be the perma bears and the perma bulls, but wouldn't it infinitely make more sense to back your forecasts and ranges up with a chart rather then spewing trades based on a bias?

Keep adding as your account allows, but don't think that anybody who can trade, will trade the same as you.

Here is a chart showing a clear rejection at the price of weekly open. The red area at the top is the difference in price from last weeks close to this weeks open. This weekly candle shows a pretty good chance at closing red, and from there, I don't think anybody knows where it is headed...
Attached Image (click to enlarge)
Click to Enlarge Name: wr.jpg Size: 159 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #413,507
  • Mar 25, 2011 8:30am Mar 25, 2011 8:30am
Quoting sriramsh
Cool... very true on what you have said, however everyone has different trading styles, since I just live and breathe of just 1 min chart, and dont even look at higher time frames since my indicators do the job of telling me about higher time frames, I dont follow this method. Plus I am ok with seeing red pips and it turning green later.... since I am pretty sure about the underlying big trend....
Bullshit!

Where on a 1m chart do you see 1.44?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #413,508
  • Mar 25, 2011 8:31am Mar 25, 2011 8:31am
My take....sell

http://i.imgur.com/n8grV.gif
Politics is the womb in which war develops.
  • #413,509
  • Mar 25, 2011 8:31am Mar 25, 2011 8:31am
Quoting gatorinla
st bear #3 is 4143.7 #4 4135.8
#5 4113.2 #6 4067.5

a bigger trend was posted earlier and still valid for 4121.x
it will be back for its pip
done
those who can, do. those who cant, talk about those who can
  • #413,510
  • Mar 25, 2011 8:32am Mar 25, 2011 8:32am
again guys 75%, but i wont say which way, then ill screenshot and show all of you.

When i say my trend here, most of the times i get unlucky, right now i have a great entry point.

I have gbp, eur and eurgbp mixed.

Lets see.
  • #413,511
  • Mar 25, 2011 8:34am Mar 25, 2011 8:34am
Quoting Magix
Erm....

Nothing like throwing your account away for a market bias is there?

There were a few of us discussing the rejection off of last weeks close and this weeks open....
dude my candle is already red with narrow spread...
  • #413,512
  • Mar 25, 2011 8:34am Mar 25, 2011 8:34am
Quoting alex.fx
It's not hope. This is where i think it's heading. With that said, I'm bearish on this pair since recently with two short positions opened - one of them is in negative though.

I'll bet you it's going up!

all in at a nice price now.
rat
  • #413,513
  • Mar 25, 2011 8:34am Mar 25, 2011 8:34am
Quoting SunTrader
Stock index futures are slightly positive so initial move up but after that .......... I'm guessing down. But I'll wait and see in any case.
  • #413,514
  • Mar 25, 2011 8:34am Mar 25, 2011 8:34am
The economic alchemy of the European financial chiefs has failed. My Onyokometer has shown me that the Eurousd pair is headed down to the 1.4036 level.
  • #413,515
  • Mar 25, 2011 8:35am Mar 25, 2011 8:35am
Quoting gatorinla
it will be back for its pip
done
You da man!
  • #413,516
  • Mar 25, 2011 8:36am Mar 25, 2011 8:36am
I just dont post my chart since it will make no sense to others.... my entires and exits are pretty mixed... the weekly rejection and may close in red is due to the fact that we are nearing the month end close... so the rejection might seem bearish.... but off late for EU I am seeing most of the time, the trend for the next day is already decided the previous day....

Quoting Magix
Erm....

Nothing like throwing your account away for a market bias is there?

There were a few of us discussing the rejection off of last weeks close and this weeks open....
  • #413,517
  • Mar 25, 2011 8:36am Mar 25, 2011 8:36am
Quoting rattyo
I'll bet you it's going up!
We'll see- nothing is certain. Drawdowns are expected for me.
  • #413,518
  • Mar 25, 2011 8:38am Mar 25, 2011 8:38am
Quoting rattyo
I'll bet you it's going up!

all in at a nice price now.
sure. another bet.... great analysis.
  • #413,519
  • Mar 25, 2011 8:38am Mar 25, 2011 8:38am
Quoting Magix
Erm....

Here is a chart showing a clear rejection at the price of weekly open. The red area at the top is the difference in price from last weeks close to this weeks open. This weekly candle shows a pretty good chance at closing red, and from there, I don't think anybody knows where it is headed...
I agree with you view Magix. Once a weekly chart highs get rejected back during the week the odds are always on a red close. The only think that allows a potential rebreak back up is that monthly range is in mania mode well above last high.

But yes at the end, it make better sense to close in red this week for a final push before monthly close next one... In my case, last chance in the next minutes as the daily range is below 100 ticks but is is Friday and very late by the minute to a decent push up so a failure to change direction intraday will definitively trigger more profit taking to yst open at least (and a test to form a potential daily S).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #413,520
  • Mar 25, 2011 8:39am Mar 25, 2011 8:39am
Quoting sriramsh
I just dont post my chart since it will make no sense to others.... my entires and exits are pretty mixed... the weekly rejection and may close in red is due to the fact that we are nearing the month end close... so the rejection might seem bearish.... but off late for EU I am seeing most of the time, the trend for the next day is already decided the previous day....
If you trade off the 1m chart, your argument is even that much more invalid.

We are NEGATIVE ON THE DAY. Which means if you understood what your charts said on a 1m time frame, you would be taking short trades.

You have been fortunate in this year that your micro account could afford the sweeps south as you added long positions, but you mistake everybody that trades for being in the same boat, as well as anybody who doesn't for the fool?

Smarten up dude...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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