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EURUSD

  • #424,661
  • Apr 19, 2011 10:22pm Apr 19, 2011 10:22pm
Quoting mab41487
Here is why I believe it is short. If you have a different opinion and can show with an explanation why I will appreciate it.

http://a4.sphotos.ak.fbcdn.net/hphot..._3638324_n.jpg
http://a3.sphotos.ak.fbcdn.net/hphot..._3388878_n.jpg
http://a5.sphotos.ak.fbcdn.net/hphot..._6950959_n.jpg

I try to make educated decisions. For what its worth I caught the entire first...
IT IS just to help confirm more
Ambition
  • #424,662
  • Apr 19, 2011 10:22pm Apr 19, 2011 10:22pm
Here is a perfect example from my archives of how simple trading is:
THis is how MY mind works. Let me know what you think.... im espectially curious to hear Cloggies opinion.

http://a4.sphotos.ak.fbcdn.net/hphot..._8238270_n.jpg
  • #424,663
  • Apr 19, 2011 10:30pm Apr 19, 2011 10:30pm
I would agree that by just about any analysis you would have expected it to be short already - i have already got burned on it.

The charts FXPlayboy posted i generally agree with though price has spiked through that S/R zone more than I expected.

My fibs showed 4369-74 as being an 80.9 resistance line from a long term fib, and also a 61.8 from the most recent downmove all coinciding with last weeks strong support region, so I jumped in earlier with both feet but got stopped out...

So im being pretty wary now, Obvious hesitation around this 1.44 zone, so youd want some PA confirmation before doing anything. Price may still go to 4435 or R2 before reversing - IF it ever does
  • #424,664
  • Apr 19, 2011 10:32pm Apr 19, 2011 10:32pm
Quoting Jazznos
I would agree that by just about any analysis you would have expected it to be short already - i have already got burned on it.

The charts FXPlayboy posted i generally agree with though price has spiked through that S/R zone more than I expected.

My fibs showed 4369-74 as being an 80.9 resistance line from a long term fib, and also a 61.8 from the most recent downmove all coinciding with last weeks strong support region, so I jumped in earlier with both feet but got stopped out...

So im being pretty wary now, Obvious hesitation around this 1.44...
Well im at at 4400 and my stop is 4430. so well see how it goes. im not gonna cancel the order it will play how it plays. its only 2% of my entire account if i lose.

Wed
Apr 20 http://www.forexfactory.com/images/m...dar_upnext.gif 2:00am EUR German PPI m/m
http://www.forexfactory.com/images/m...dar_detail.gif

0.8% 0.7%
http://www.forexfactory.com/images/misc/viewchart.gif 10:00am USD Existing Home Sales
http://www.forexfactory.com/images/m...etail_star.gif

5.02M 4.88M
http://www.forexfactory.com/images/misc/viewchart.gif 10:30am USD Crude Oil Inventories


On a side note.... ^^^^
  • #424,665
  • Edited 10:45pm Apr 19, 2011 10:38pm | Edited 10:45pm
Quoting mab41487
Well im at at 4400 and my stop is 4430. so well see how it goes. im not gonna cancel the order it will play how it plays. its only 2% of my entire account if i lose....
Hopefully that will be safe, good luck with it :-) Im sitting tight for the time being till i get some confirmation. Its about as good a setup as you could ask for really, but as we all know, ANYTHING can happen! Would be a beautiful ABCD retracement entry from the last swing as well as all the S/R so i was pretty pissed off i got stopped out this morning on it

PS sorry mab41487 they were YOUR charts i meant that i agreed with ;-)

As for your S/R method, thats all good. I think that is the MOST significant thing to look for on the charts, that is also what Chris Lori teaches among other things. I use that as well as special fibs which back it up, and look for ABCD retracements in addition to the S/R entries.
  • #424,666
  • Apr 19, 2011 10:42pm Apr 19, 2011 10:42pm
good morning
Look Sharp/Trade Tight
  • #424,667
  • Apr 19, 2011 10:44pm Apr 19, 2011 10:44pm
Quoting PayTheLimit
good morning
Nice to see you again PTL, thought you left us there... but I knew you were addicted anyway
  • #424,668
  • Apr 19, 2011 10:49pm Apr 19, 2011 10:49pm
Quoting PayTheLimit
Might consider taking a few shorts up towards 4355/65 if they make a push...
passed on that idea...still will be watching 4340/65 below and 4442/65 above..
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.gif Size: 25 KB
Look Sharp/Trade Tight
  • #424,669
  • Apr 19, 2011 10:49pm Apr 19, 2011 10:49pm
Do you see what I see here?
Attached Image
The Thief of Wall Street
  • #424,670
  • Apr 19, 2011 10:51pm Apr 19, 2011 10:51pm
Quoting mab41487
Here is why I believe it is short. If you have a different opinion and can show with an explanation why I will appreciate it.

http://a4.sphotos.ak.fbcdn.net/hphot..._3638324_n.jpg
http://a3.sphotos.ak.fbcdn.net/hphot..._3388878_n.jpg
http://a5.sphotos.ak.fbcdn.net/hphot..._6950959_n.jpg

I try to make educated decisions. For what its worth I caught the entire...
What a wonderful n simple educated explanation! Why dont you write your trades here when you make, so we can follow you.
Thanks.
  • #424,671
  • Apr 19, 2011 10:51pm Apr 19, 2011 10:51pm
Quoting Chicky
Do you see what I see here?
Window pattern of some kind, I think it was Steven Nisan that I remember saying something about those.
  • #424,672
  • Apr 19, 2011 10:51pm Apr 19, 2011 10:51pm
Quoting Larseg
Nice to see you again PTL, thought you left us there... but I knew you were addicted anyway
Like I was saying to Venice,I think I was taking myself way too seriously, and yes am addicted its true....
Look Sharp/Trade Tight
  • #424,673
  • Apr 19, 2011 10:53pm Apr 19, 2011 10:53pm
Quoting behman8850
If I want to buy, what should be the price and what should be a reasonable TP, Wormboy?
If you are still flat, I suggest you wait to see the reaction at the W1 pivot @4426. If price closes above the level, 480/510 is definitely a fair target.
If there's weakness at the pivot, get ready to sell. However, bias is still bullish. Here's the chart posted earlier:
1. http://www.forexfactory.com/showpost...stcount=424647

Stay nimble
Thank You
  • #424,674
  • Apr 19, 2011 10:56pm Apr 19, 2011 10:56pm
Quoting mab41487
Window pattern of some kind, I think it was Steven Nisan that I remember saying something about those.
I am weak at terminologies, but seems to be some important level. May bounce a bit from here or a nice break.

This is how it looks like on 8H timeframe.
Attached Image
The Thief of Wall Street
  • #424,675
  • Apr 19, 2011 10:58pm Apr 19, 2011 10:58pm
Quoting PayTheLimit
Like I was saying to Venice,I think I was taking myself way too seriously, and yes am addicted its true....

well well, step one completed. Admitting the addictiveness
  • #424,676
  • Apr 19, 2011 11:00pm Apr 19, 2011 11:00pm
Quoting wormboy
If you are still flat, I suggest you wait to see the reaction at the W1 pivot @4426. If price closes above the level, 480/510 is definitely a fair target.
If there's weakness at the pivot, get ready to sell. However, bias is still bullish. Here's the chart posted earlier:
1. http://www.forexfactory.com/showpost...stcount=424647

Stay nimble
Thanks.
  • #424,677
  • Apr 19, 2011 11:01pm Apr 19, 2011 11:01pm
Quoting Chicky
A general knowledge question: How many times a day a broken clock is right?
dos veces mi amigo
how've you been my friend
Thank You
  • #424,678
  • Apr 19, 2011 11:03pm Apr 19, 2011 11:03pm
The undeniable truth is that EURUSD will be testing 1.4520 area this week once again before either a break above for 1.46xx or a failure down to 1.43 again...
the bloody EURUSD is still in a Bull trend with no sign of reversal yet... Look at the weekly creating some sort of scary looking candle for whoever shorting the EURUSD....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #424,679
  • Apr 19, 2011 11:03pm Apr 19, 2011 11:03pm
Quoting Chicky
Do you see what I see here?

just had to

Inserted Video
  • #424,680
  • Apr 19, 2011 11:04pm Apr 19, 2011 11:04pm
Quoting Larseg
well well, step one completed. Admitting the addictiveness

lol i'll just add it to the list I figure...
Look Sharp/Trade Tight
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