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  • #422,641
  • Apr 16, 2011 4:40am Apr 16, 2011 4:40am
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if indeed its capped above and support below - this will cluster or range, it has the makings of whats commonly known or termed as a shakeout before either breakdown or breakout north
  • #422,642
  • Apr 16, 2011 4:50am Apr 16, 2011 4:50am
Quoting redsword11
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if indeed its capped above and support below - this will cluster or range, it has the makings of whats commonly known or termed as a shakeout before either breakdown or breakout north

This undecision kills me. Where can I see that chart?
  • #422,643
  • Apr 16, 2011 5:22am Apr 16, 2011 5:22am
Quoting Pipwanderer
too early to call moves might come in last minute..happens quite often
I was dead right on this one... since my indicators just said so... and it did close below 1.4440... and I can guess the PA for the next week... its going to give me some free run of money ... I already have my positions left open over the weekend and I have a feeling we might end up with a gap down during next week's open.... since EU is at 1.4428 as of now....
  • #422,644
  • Apr 16, 2011 5:28am Apr 16, 2011 5:28am
Quoting SunTrader
What do you think those are?

Anything that isn't price itself is an indicator.
So true, if you wanna go naked, than a line chart will be your choice, even candle sticks are indicators and they are good ones, maybe the best of all. An applause to Steve Nison who translated them for us.
  • #422,645
  • Apr 16, 2011 6:29am Apr 16, 2011 6:29am
Quoting cobraforex
So true, if you wanna go naked, than a line chart will be your choice, even candle sticks are indicators and they are good ones, maybe the best of all. An applause to Steve Nison who translated them for us.
I agree with you, I am also a disciple of Steve Nison, who did a great job on translating candlesticks and patterns. He also combines it with MA, actually a lot of my entries I call here are based on continuation and reversal patterns.
  • #422,646
  • Apr 16, 2011 6:29am Apr 16, 2011 6:29am
Quoting redsword11
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if indeed its capped above and support below - this will cluster or range, it has the makings of whats commonly known or termed as a shakeout before either breakdown or breakout north
hello,red ,you do not use the high low price ,so after a close price below the white line ,then the bearish is geginning.
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A chart helps those who can read it.
  • #422,647
  • Apr 16, 2011 6:52am Apr 16, 2011 6:52am
http://www.marketwatch.com/story/hig...4?pagenumber=2

Doesn't matter... too far out to care but... just another strike against the current favorite at the moment.
  • #422,648
  • Apr 16, 2011 7:21am Apr 16, 2011 7:21am
eurusd
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  • #422,649
  • Apr 16, 2011 7:54am Apr 16, 2011 7:54am
The euro does look weak onits crosses so I expect those to drag it down against the dollar next week. Keep selling upticks with a stop above last weeks high should yield a few good pips next week.
  • #422,650
  • Apr 16, 2011 10:49am Apr 16, 2011 10:49am
Quoting Magix
You do realize where weekly open is right?

If we lose weekly support, adding below really might prove to be a bad idea...
How do you mean, please explain
  • #422,651
  • Apr 16, 2011 12:13pm Apr 16, 2011 12:13pm
Quoting geniusztc
hello,red ,you do not use the high low price ,so after a close price below the white line ,then the bearish is geginning.

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  • #422,652
  • Apr 16, 2011 12:25pm Apr 16, 2011 12:25pm
Quoting redsword11
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What are you thinking boss man? I've been bearish on Euro since Wednesday. Reinforced by what appears to be demand consumption on the daily.

I swear, if we bounce again here on Monday I am going to be rather annoyed.

Terrible environment for swing trading. At least the aussie has been playing nice!
  • #422,653
  • Apr 16, 2011 12:30pm Apr 16, 2011 12:30pm
Quoting Venice
What are you thinking boss man? I've been bearish on Euro since Wednesday. Reinforced by what appears to be demand consumption on the daily.

I swear, if we bounce again here on Monday I am going to be rather annoyed.

Terrible environment for swing trading. At least the aussie has been playing nice!


buying @ demand, not selling it


before any uptrend turns bearish, it must remove demand therefore will buy only and if the uptrend continues from lower demand then thats safer than selling
  • #422,654
  • Apr 16, 2011 12:32pm Apr 16, 2011 12:32pm
Quoting fxpreacher
http://www.marketwatch.com/story/hig...4?pagenumber=2

Doesn't matter... too far out to care but... just another strike against the current favorite at the moment.
Good article. Thanks!

This one deals a little more with the "now" from a perspective I hadn't thought of.

http://greekleftreview.wordpress.com...2%80%99s-pain/

If someone has previously posted it, I apologize.

Missed too many pages here to go back and read through them all.
No way I'll wreck this... It's a beer truck!
  • #422,655
  • Apr 16, 2011 12:35pm Apr 16, 2011 12:35pm
Quoting Venice
What are you thinking boss man? I've been bearish on Euro since Wednesday. Reinforced by what appears to be demand consumption on the daily.

I swear, if we bounce again here on Monday I am going to be rather annoyed.

Terrible environment for swing trading. At least the aussie has been playing nice!

aud awaiting price arrival @ 1.04784 for buy


prices leading north from this value are completely compressed, therefore it will visit this demand for buy
  • #422,656
  • Apr 16, 2011 12:44pm Apr 16, 2011 12:44pm
Quoting Venice
What are you thinking boss man? I've been bearish on Euro since Wednesday. Reinforced by what appears to be demand consumption on the daily.

I swear, if we bounce again here on Monday I am going to be rather annoyed.

Terrible environment for swing trading. At least the aussie has been playing nice!

Hey Venice, dont get annoyed, we will surely bounce again on Monday but it will be capped at 1.4500 and then just follow the PA.... you are bound to make some pips
  • #422,657
  • Apr 16, 2011 1:10pm Apr 16, 2011 1:10pm
Its not a very good time to say anything about euro,s direction, up or down.

Bulls are not dead yet and very very far from being completely dead.

Yellow circles indicate each next buying at levels higher than the previous one. But 1.4500 pushing down every move that attempts to break it.

Carrying a small short that may hit sl near 1.4500.
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The Thief of Wall Street
  • #422,658
  • Apr 16, 2011 1:39pm Apr 16, 2011 1:39pm
Quoting redsword11
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And the opposite
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  • #422,659
  • Apr 16, 2011 2:56pm Apr 16, 2011 2:56pm
We already bounced twice at h1 EMA 200 (or also fibo extension + fridays daily support s1) -
But we still cant break that 1.4520 - maybe a retest at 1.4365 with some recovery is needed.

Understand from daily stoch we are starting a downward move and also the doji in weekly chart as a sign of change might be stand for same.
However it remains to be seen if on daily chart the 100 % Fibo extension level abt 1.4511 (result of FE 1.2644 - 1.4281 - 1.2874) can be broken or if we experience the above mentioned drop.

have a nice weekend
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  • #422,660
  • Apr 16, 2011 2:56pm Apr 16, 2011 2:56pm
Quoting w1nner
I think everything is possible so I can be succesful from next Monday. I feel so something is changed. Good night and weekend to all.
Strength of conviction and following the directions does not gaurntee success...
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