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EURUSD

  • #420,061
  • Apr 11, 2011 8:09pm Apr 11, 2011 8:09pm
tick tock...

http://en.mercopress.com/2011/04/11/...ial-assistance

  • #420,062
  • Apr 11, 2011 8:23pm Apr 11, 2011 8:23pm
Quoting cloggie
Argue all you want with any of them, 95% of the 10V members here can't trade for sh!t to save their lives, so arguing with them is like arguing with a 12-yr old about Einstein's law of relativity.

Most of the hardore scammers and fraudsters here are the 10v muppets vouching for each other to appear respectable.
So true. Quantum Physics blows my mind. The idea that an object changes when being observed is still tough one to take.

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  • #420,063
  • Apr 11, 2011 8:25pm Apr 11, 2011 8:25pm
Quoting cloggie
You'll be fine, 04 is the next biggy 21 is the trigger. Excpect some action down there. I had my fair share out of her today and need to get some sleep.
clog what is your view on euro intra day and medium term / weekly

waiting for your answer
  • #420,064
  • Apr 11, 2011 8:26pm Apr 11, 2011 8:26pm
Quoting thelws
This has bugged me forever, so im finally going to ask this.

How do you know when the retrace has ended? Especially when there is no support or resistance to show you like eu is today?

I'd really like to know. can someone enlighten me?

Fibs? Then at what point of the fib are you expecting it to retrace? 61.8? 50? 38.2?

Does anyone have a strategy they use to capture retraces? Or do you just set a very big stop loss. It seems to me that it is impossible to even come close to predicting where a retrace will end. Am I right?
anyone?
  • #420,065
  • Apr 11, 2011 8:27pm Apr 11, 2011 8:27pm
by the way, I have a sell position with 4370 exit, my radar says 61.8% of last week candle.
  • #420,066
  • Apr 11, 2011 8:35pm Apr 11, 2011 8:35pm
I See tweezer bottoms on Crude on the half hour chart. And 108.XX from 111 friday, bargain. In at 108.36 SL 108.05 this is purely gambling, no analysis or anything just the desire to close a crude trade in the 200 price range would be nice.
Founder of Sutherland Wave Principle
  • #420,067
  • Apr 11, 2011 8:41pm Apr 11, 2011 8:41pm
Quoting thelws
anyone?
It depends on the timeframe, the lower the timeframe the harder to pinpoint.

And it also depends on whether there is prior support/resistance lining up near fib levels and time retracements and price patterns too.

In other words a fib retracement level just by itself is a coin flip.
  • #420,068
  • Apr 11, 2011 8:49pm Apr 11, 2011 8:49pm
When all else fails I always look for correlation. Both gold and crude are entering areas of support, so this is something that you can watch alongside e/u.

Not that I'm an expert. (down -50 on e/u today )

Quoting thelws
anyone?
Follow the money --Mark Felt (Deepthroat)
  • #420,069
  • Apr 11, 2011 8:51pm Apr 11, 2011 8:51pm
Quoting SunTrader
It depends on the timeframe, the lower the timeframe the harder to pinpoint.

And it also depends on whether there is prior support/resistance lining up near fib levels and time retracements and price patterns too.

In other words a fib retracement level just by itself is a coin flip.
So in other words, there is no way to pick out the bottom of a retrace? (using eu today as an example) There is no prior support or resistance you can reference and the previous support is the breakout.

Or are there any strategies one can implement to potentially capture that retrace? That's what I'm hoping to find out actaully.
  • #420,070
  • Apr 11, 2011 8:54pm Apr 11, 2011 8:54pm
Quoting thelws
So in other words, there is no way to pick out the bottom of a retrace? (using eu today as an example) There is no prior support or resistance you can reference and the previous support is the breakout.

Or are there any strategies one can implement to potentially capture that retrace? That's what I'm hoping to find out actaully.
Trend lines and demand zones. That's all you need.
  • #420,071
  • Apr 11, 2011 8:56pm Apr 11, 2011 8:56pm
Quoting thelws
So in other words, there is no way to pick out the bottom of a retrace? (using eu today as an example) There is no prior support or resistance you can reference and the previous support is the breakout.

Or are there any strategies one can implement to potentially capture that retrace? That's what I'm hoping to find out actaully.
On what timeframe? Daily, intraday?

Is this just a theoretical question or do you mean actually today's retracement.
  • #420,072
  • Apr 11, 2011 8:59pm Apr 11, 2011 8:59pm
Quoting Venice
Trend lines and demand zones. That's all you need.
That is easy to say but hard to grasp. Your description is too general.

But this case is unique. If you zoom out to a healthy 1 hour or 4 hour chart, the real demand zone is ~4346. There is no other indication to show where the demand zone is. Like suntrader said, just relying on fib is a coin flip which I agree.

Are you saying that EU is going to retrace all the way back to 4346?
  • #420,073
  • Apr 11, 2011 9:01pm Apr 11, 2011 9:01pm
Quoting thelws
That is easy to say but hard to grasp. Your description is too general.

But this case is unique. If you zoom out to a healthy 1 hour or 4 hour chart, the real demand zone is ~4346. There is no other indication to show where the demand zone is. Like suntrader said, just relying on fib is a coin flip which I agree.

Are you saying that EU is going to retrace all the way back to 4346?
What do you mean? I thought the the supply zone was rather obvious... Granted, you have to go back to January of 2010... but it's there.
  • #420,074
  • Apr 11, 2011 9:01pm Apr 11, 2011 9:01pm
Quoting SunTrader
On what timeframe? Daily, intraday?

Is this just a theoretical question or do you mean actually today's retracement.
Using 1h or 4h charts.

And in particular, I'm talking about today's retrace (which started yesterday)
  • #420,075
  • Apr 11, 2011 9:02pm Apr 11, 2011 9:02pm
Quoting thelws
Using 1h or 4h charts.

And in particular, I'm talking about today's retrace (which started yesterday)
January 2010. Sometimes you have to look way left, but it's all there.

If there is nothing to the left, I have no trades.
  • #420,076
  • Apr 11, 2011 9:04pm Apr 11, 2011 9:04pm
Quoting Venice
What do you mean? I thought the the supply zone was rather obvious... Granted, you have to go back to January of 2010... but it's there.
I'm sure it will retrace back to 1.4 given enough time

I'm talking a time frame of 1h or 4h charts. On those time frames, (the most recent breakout) which is the most easy to see area of interest is at ~4346. Based on what you say venice, you are saying this downtrend will go all the way back to that level. Am I right to say?
  • #420,077
  • Apr 11, 2011 9:05pm Apr 11, 2011 9:05pm
Quoting hindustani
by the way, I have a sell position with 4370 exit, my radar says 61.8% of last week candle.
yes, more chance to stay at 61.8
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  • #420,078
  • Apr 11, 2011 9:07pm Apr 11, 2011 9:07pm
Quoting thelws
I'm sure it will retrace back to 1.4 given enough time

I'm talking a time frame of 1h or 4h charts.
Irrelevant mate. Until new levels are built (which they are right now, you reference to the left, until a new left is built).
  • #420,079
  • Apr 11, 2011 9:18pm Apr 11, 2011 9:18pm
Quoting Venice
Irrelevant mate. Until new levels are built (which they are right now, you reference to the left, until a new left is built).
Bro, maybe I'm not very clear in my question. Let me rephrase:

What you are saying - don't trade unless there is a left.
What I'm asking for is a way to determine where the new left will be created and make some profits by capturing that.

There is wisdom in your words when you say "don't trade unless tehre is a left". In fact, this is what I have been doing all these while because I cannot find a way to do otherwise.

Hence I'm asking here if anyone knows a method or a strategy to trade retraces. Because as it stands right now, all of us agree that there is no way to trade a retrace until it has already happened.
  • #420,080
  • Apr 11, 2011 9:22pm Apr 11, 2011 9:22pm
get ready ladies and gentlemen, this week is going to be interesting and a blast.
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