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EURUSD

  • #420,221
  • Apr 12, 2011 4:42am Apr 12, 2011 4:42am
Quoting Jok
Because the H4 uptrend has reach almost 500 pips since it started the uptrend. This is a normal range for H4 for one wave. Well I might be wrong.

Currencies can remain oversold for a lot longer then your account balance can handle. You entered a short here becasue we have gone up 500 pips?

Look back at the last time the ECB raised rates before the FED and see what happened then, oh wait, that has never happened before, what do you think the market is thinking here, 500 pips is peanuts.
  • #420,222
  • Apr 12, 2011 4:43am Apr 12, 2011 4:43am
Quoting cloggie
4464

sorted.
  • #420,223
  • Apr 12, 2011 4:44am Apr 12, 2011 4:44am
Quoting cloggie
sorted.
Shorted
  • #420,224
  • Apr 12, 2011 4:45am Apr 12, 2011 4:45am
Quoting BlueGas
Yeah, its going very fast, just like a train, wouldnt want to stand in front of it.
Yeah... couldn't agree more. So I'll wait for my short signal.
  • #420,225
  • Apr 12, 2011 4:47am Apr 12, 2011 4:47am
Quoting cloggie
4464
IM ok with 61. +72 pips on this trade. The trendline is exactly at 59, it overshot a little.
  • #420,226
  • Apr 12, 2011 4:47am Apr 12, 2011 4:47am
Quoting BlueGas
Shorted
And out with 0.1 pip .
  • #420,227
  • Apr 12, 2011 4:48am Apr 12, 2011 4:48am
6 pips more
  • #420,228
  • Apr 12, 2011 4:48am Apr 12, 2011 4:48am
Quoting T@rantula
IM ok with 61. +72 pips on this trade.
Was with you on this one, but got 2x 30 pips. Also nice, i think ill call it a day. Nice one
  • #420,229
  • Apr 12, 2011 4:48am Apr 12, 2011 4:48am
Quoting BlueGas
And out with 0.1 pip .

I gave you the numbers to watch on oil and gold, they still stand hold on to that short for a bit longer here. 4464 will give you natural bounce.
  • #420,230
  • Apr 12, 2011 4:49am Apr 12, 2011 4:49am
For anyone thats unsure the bigger fundies are quite clear.
American policy for now till at least end of june ,

1) Oil trading at highs tends to weaken dollar.
2) American policy,low interest rate =low dollar
3) europe policy,raise rates=higher eur

The events in the calender are good for some pips but generally dont tend to change the main trend .

If your interested in the bigger trend drivers monitor 1,2,3.
For extra boost enter on calender news thats correlating to the above.

At the moment its clear what the policies are from both sides coupled with oil ,just trade the direction till something changes ,there will be profit taking and counter trend trades,but until something changes thats all they are .
making green pips large and red pips small this is my goal.
  • #420,231
  • Apr 12, 2011 4:49am Apr 12, 2011 4:49am
China’s Wen Jiabao: Tells Spain’s Zapatero China will help fund Spain banks’ restructure

Written by Gerry Davies
April 12, 2011 at 09:44 GMT

EUR/USD extends rally to 1.4467 session high, presently at 1.4460.
Now I know why they were buying earlier http://www.forexlive.com/wp-includes.../icon_wink.gif It’s a funny old world.

They have been buying since 1.4380 this morning.
Living proof of manipulation on forex market by China FX Masters, LOL



Seb
  • #420,232
  • Apr 12, 2011 4:50am Apr 12, 2011 4:50am
Short EU and make some pips for you guys.
Believe in your thesis and stick to the plan, don't get scared with moves
  • #420,233
  • Apr 12, 2011 4:55am Apr 12, 2011 4:55am
Quoting cloggie
I gave you the numbers to watch on oil and gold, they still stand hold on to that short for a bit longer here. 4464 will give you natural bounce.

Commodites are testing the highs again, equities are rallying, look to buy the dips for a further move up on euro. 4464 will need a good momentum bar and we are looking at 4495.

Any shorts are countertrades here and need tight stops and quick exits.
  • #420,234
  • Apr 12, 2011 4:56am Apr 12, 2011 4:56am
Quoting cloggie
Currencies can remain oversold for a lot longer then your account balance can handle. You entered a short here becasue we have gone up 500 pips?

Look back at the last time the ECB raised rates before the FED and see what happened then, oh wait, that has never happened before, what do you think the market is thinking here, 500 pips is peanuts.
Yes, you are right, 500 pips is peanut, the EUR is in fact have gone up 2,600 pips on daily chart since it started the trend.

But my point is, on the H4 candle, it is normally have a range between 400~600 pips per one wave and since it has gone about 500 pips, I am a bit nervous of going Long.

I am a Technical Trader, so I really do not understand much about Fundamental, that's why I joint the thread hoping to learn a bit from the pros like you. Hope you don't mind.
  • #420,235
  • Apr 12, 2011 4:57am Apr 12, 2011 4:57am
Thank God your back Cloggie. Hope your vacation was good.
  • #420,236
  • Apr 12, 2011 4:57am Apr 12, 2011 4:57am
Quoting mercy seat
Oooch Joooh! Daily central PP near 1.4420 zone has been rejecting so far ... next round to the downside may come ... was not the last attempt ...

Monday moves ... but overall corrective consolidation action ...

Enough for me ... tomorrow is another day ...



;-|
Okidoki ...

Daily Trend ... Bullish

3 Day Trend ... Bullish

Weekly Trend ... Bullish

Monthly Trend ... Bullish

Quarterly Trend ... Bullish



Guys ... I have promised not to give you all those hints from DJ Newswires anymore ... and so I will do ...

The written form above is based on my own system only ... and it has nothing to do with those views provided by or from Francis Bray of Dow Jones Newswires ...

At least I do not need those material from Francis ... although he has been one of the rare reliable ones ... and it was a quite good additional framework to our own views ...

Pech für Euch ... nicht für mich ... because I do have access to nearly all news sources which are more or less really important for us ... and luckily DJ Newswires is not the only one ...

Anyway ... next stage is an attempt to cross 1.4473 / 89 area ...

And if crossed beyond that mentioned zone ... we still have an Elliott Projection of 1.4510 / 25 which started from 1.4022 ...

Potenzial: Today we have got +03 ... reduced from +06 ... which is nearly at the border to a neutralized one ... with mild bullish risk ...

Mehr gibt es jetzt von meiner Seite nicht ...

palim palim




:-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2001-04-12_10h40_EURUSD _ min010 _ pivotchart with 4 Hours PP.png Size: 19 KB
Click to Enlarge Name: 2001-04-12_10h40_EURUSD _ min060 _ pivotchart with Daily PP.png Size: 20 KB
Click to Enlarge Name: 2001-04-12_10h40_EURUSD _ min240 _ pivotchart with Weekly PP.png Size: 18 KB
Click to Enlarge Name: 2001-04-12_10h40_EURUSD _ x-Daily _ pivotchart with Monthly PP.png Size: 18 KB
Click to Enlarge Name: 2011-04-12_11h27_ EURUSD _ min030 _ (1Wk) candle + TL + TC + PP.PNG Size: 26 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #420,237
  • Apr 12, 2011 4:59am Apr 12, 2011 4:59am
How do you all go about determining support and resistance that are important for the coming day?
  • #420,238
  • Apr 12, 2011 5:01am Apr 12, 2011 5:01am
Quoting cloggie
Currencies can remain oversold for a lot longer then your account balance can handle. You entered a short here becasue we have gone up 500 pips?
Actually, that doesn't make much sense does it?
Enter Signature
  • #420,239
  • Apr 12, 2011 5:01am Apr 12, 2011 5:01am
Quoting TheSwede
How do you all go about determining support and resistance that are important for the coming day?
Simple
  • #420,240
  • Apr 12, 2011 5:02am Apr 12, 2011 5:02am
Quoting Julexo
1.Target 4440
2. 4478

1 target done at 440
2 in soon time
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