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  • #424,821
  • Apr 20, 2011 2:22am Apr 20, 2011 2:22am
Quoting sisse
Sure mate. S&P guys were just waiting for that MACD crossover to announce the news ...let see if ECB decide to cut interest rate again if the double top on the daily highs get broken to new highs with doji rejection and double stochastic divergence....

In any case, nice rally and back to Friday.

sisse
Thank You
  • #424,822
  • Apr 20, 2011 2:22am Apr 20, 2011 2:22am
Quoting gatorinla
#1 bear Target 4400.2
mid 4414.4
slip may be 98.2 for bounce..

99 should act as support.. if broken and closed under #2 is 4367.8..
invalid with a new high.. we have yet to touch 4430.2.. so i may be to early..
atm high 4429.2
those who can, do. those who cant, talk about those who can
  • #424,823
  • Apr 20, 2011 2:23am Apr 20, 2011 2:23am
Ya, I'll been there and done that back in Nov only to prove I could lose all my Nov profits trying to prove a point.

Give it up go with the flow. But just follow your plan.

Best Wishes on your trades.


Quoting paul1
I did have some doubts yesterday when oil hit below $106/barrel .
And greece's restructure seemed to be in play.
And the negative dollar view.

But its clear the markets have resumed the trend .
We are firmly in the upward channel .

I honestly would say to talentfx to please if your holding short ,forget the ego and all the nonsense from yesterday,dont stay short to prove a point.

The probabilities are against you .

The higher probability is we test the highs with retraces.
I sincerely hope that you come to your senses if we pop 4520.
If...
  • #424,824
  • Apr 20, 2011 2:23am Apr 20, 2011 2:23am
If this 4H closes above 4402, the trendline becomes valid.

If the trendline becomes valid:

Opinion: NY will probably blow through 4520 today.

Not at my desk otherwise would have posted chart.
  • #424,825
  • Apr 20, 2011 2:25am Apr 20, 2011 2:25am
Quoting talentfx
oh i have been humbled many times i have my reasons and its not ego or worried about bieng wrong i know my limits and if i lose this one ill make it back again no problem so its not really a big deal lol but im staying short and the fact that everyone is so bullish makes me want to stay short even more
Having to be right, makes you obsolete. (kiyosaki)
Are you skyzer in disguise?
Attached Image
Thank You
  • #424,826
  • Apr 20, 2011 2:25am Apr 20, 2011 2:25am
Quoting talentfx
oh i have been humbled many times i have my reasons and its not ego or worried about bieng wrong i know my limits and if i lose this one ill make it back again no problem so its not really a big deal lol but im staying short and the fact that everyone is so bullish makes me want to stay short even more
Cable is moving long with more gusto so that may give it some momentum, otherwise we have potential resistance around 4433 and R2 above so we may still reverse there, but Im finding it a bit dicey and my rule is, if i cant figure out whats going on, I STAY OUT!!
  • #424,827
  • Apr 20, 2011 2:27am Apr 20, 2011 2:27am
Quoting wormboy
Having to be right, makes you obsolete. (kiyosaki)
Are you skyzer in disguise?
I dont have to be right I just am give it some time see I have what all true traders do patience
Ambition
  • #424,828
  • Apr 20, 2011 2:30am Apr 20, 2011 2:30am
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We are above any trend reversal levels ,to be aiming for 1.4050 this week The probabilites are becoming less and less.
There is worldwide doubt in the dollar at moment ,yesterday even the british newspapers were making the public aware of the mess the Americans are in.

China got screwed by america and are throwing there weight behind euro .

Most of asia and russia are backing euro .
Some are voicing there support for eur to be a better alternative to dollar as base currency.

The only strong point dollar has is it is the base currency ,while its debt ceiling and credit rate are in doubt dont expect eur to crash against the dollar any time soon.
making green pips large and red pips small this is my goal.
  • #424,829
  • Apr 20, 2011 2:33am Apr 20, 2011 2:33am
Quoting sisse
Sure mate. S&P guys were just waiting for that MACD crossover to announce the news ...let see if ECB decide to cut interest rate again if the double top on the daily highs get broken to new highs with doji rejection and double stochastic divergence....

In any case, nice rally and back to Friday.

sisse

Hang on that's only 2 indicators and 2 patterns there in your statement but you see notalentfx uses 7 indicators!!

When will you learn that 7 indicators greater than 4???
We're all stories in the end. Just try to make it a good one.
  • #424,830
  • Apr 20, 2011 2:33am Apr 20, 2011 2:33am
Quoting paul1
Attachment

We are above any trend reversal levels ,to be aiming for 1.4050 this week The probabilites are becoming less and less.
There is worldwide doubt in the dollar at moment ,yesterday even the british newspapers were making the public aware of the mess the Americans are in.

China got screwed by america and are throwing there weight behind euro .

Most of asia and russia are backing euro .
Some are voicing there support for eur to be a better alternative to dollar as base currency.

The only strong point dollar has is it...
dont ever bet against america we have all the power whether you like it or not and the oil and the water and the guns and the will
Ambition
  • #424,831
  • Apr 20, 2011 2:35am Apr 20, 2011 2:35am
Quoting Traderji
Hang on that's only 2 indicators and 2 patterns there in your statement notalentfx uses 7 indicators!!

When will you learn that 7 indicators greater than 4???
lol ok lol
Ambition
  • #424,832
  • Apr 20, 2011 2:36am Apr 20, 2011 2:36am
Need Euro to close above hourly close 1.4417 for test of previous high
  • #424,833
  • Apr 20, 2011 2:37am Apr 20, 2011 2:37am
Quoting paul1
Attachment

We are above any trend reversal levels ,to be aiming for 1.4050 this week The probabilites are becoming less and less.
There is worldwide doubt in the dollar at moment ,yesterday even the british newspapers were making the public aware of the mess the Americans are in.

China got screwed by america and are throwing there weight behind euro .

Most of asia and russia are backing euro .
Some are voicing there support for eur to be a better alternative to dollar as base currency.

The only strong point dollar has is it...
as soon as gold is tied to the dollar again dollar will be king should happen in a few years
Ambition
  • #424,834
  • Apr 20, 2011 2:37am Apr 20, 2011 2:37am
Quoting Jazznos
What does that mean "the big barriers have now rolled off"?? Can someone explain that in practical terms, i assume they are referring to orders or stops or something?
Big orders likely have been taken off at that level .

So as they posted earlier that resistance was 4420/30.
It is no longer valid lleaving no resistance to move up.
making green pips large and red pips small this is my goal.
  • #424,835
  • Apr 20, 2011 2:38am Apr 20, 2011 2:38am
Quoting talentfx
I dont have to be right I just am give it some time see I have what all true traders do patience
okay good luck then
Thank You
  • #424,836
  • Apr 20, 2011 2:38am Apr 20, 2011 2:38am
Quoting wormboy
Having to be right, makes you obsolete. (kiyosaki)
Are you skyzer in disguise?
man mario is really screwed
  • #424,837
  • Apr 20, 2011 2:42am Apr 20, 2011 2:42am
Quoting wormboy
okay good luck then
you too
Ambition
  • #424,838
  • Apr 20, 2011 2:43am Apr 20, 2011 2:43am
quick update my charts
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  • #424,839
  • Apr 20, 2011 2:43am Apr 20, 2011 2:43am
Quoting kjellik74
I draw a lower trend line on the daily, it was broken on Monday and still serve as a support as the daily yesterday did not close above the line again. Today has not yet closed, so for me it is not broken, even if we are above the line at the moment. We are at daily r1 and (when looking at closed price on the 4h chart, wich I trade off) on the 61,8fib for retracement.
EU has broken the daily LTL 5 times on the move up from 28700. (we can't rely solely on TLs as confirmation of trend change)

Even so, if you draw a TL from 3/28 touching the daily low on 04/01 we didn't break that line with yesterdays candle. We've just had a test of it at 4160 of prior resistance as support.

On your Daily chart, EU prior resistance 4160 from 03/29 - 03/30 and and the lower resistance at 14057 were tested and rejected with no closes below 4160 since price broke above this area.

We are currently testing prior support as resistance now at 4427 area. 4465 is of particular interest on the daily. If a consolidation pattern is developing (yellow triangle) than both TLs may be tested again before the next move.

In the bigger picture, a topside break of 4540 would put 4648 and 4811 into play next.

A downside break (taking out the 4160-1400 support area) would make me more bearish on EU. For the moment it's a decent range to trade (in both directions) on the lower TFs until we have a proper breakout.

We also need to see how the weekly closes since last week closed as an indecision candle. In the very short term, since we're trading above both the Daily Open and DPP, next logical target above the WPP is 4465. If the WPP is rejected we should visit the DPP again.

Good luck w/ your trades
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  • #424,840
  • Apr 20, 2011 2:44am Apr 20, 2011 2:44am
Quoting Barata
Long @ 44202
Closed @ 44350
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