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  • #428,861
  • Apr 26, 2011 11:09am Apr 26, 2011 11:09am
Quoting Poqito
I saw a bear with a little flag, does that count?
I can provide you with a bear on a flag if that suits.
  • #428,862
  • Apr 26, 2011 11:11am Apr 26, 2011 11:11am
Quoting frevd
my 4hrs candle just closed at the resistance, so while this is no clear signal, its not a signal to exit my short either... takes some more time..
Very true, considering there hasn't been too many clear signals today, but that's usually the case or we would all be rich. In addition, the pair keeps on trading along an uptrend. It is currently bouncing off trend’s higher boundary though. At the same time resistance level 1.4640 is already being formed. Nearest key resistance up from that level is seen at 1.4720, therefore as long as the pair is trading below that mark, the uptrend will be bounded by current levels.
  • #428,863
  • Apr 26, 2011 11:11am Apr 26, 2011 11:11am
Quoting frevd
I can provide you with a bear on a flag if that suits.
bring it on brother! wave it like you just don't care!
  • #428,864
  • Apr 26, 2011 11:12am Apr 26, 2011 11:12am
Quoting EdgarNg
USDX bear flag in h1 was invalidated and it now creates a support line that couldnt be penetrated.


EURX is hovering around 112.80 its the mark of the up trend line and also Support line . if usdx support line not broken, eurusd wont break out to the upside.
uh oh, that divergence is nice.
anyways, I don't trust nothing at this time, need confirmation (and not even then).
  • #428,865
  • Apr 26, 2011 11:14am Apr 26, 2011 11:14am
Quoting Decsnmkr
Very true, considering there hasn't been too many clear signals today, but that's usually the case or we would all be rich. In addition, the pair keeps on trading along an uptrend. It is currently bouncing off trend’s higher boundary though. At the same time resistance level 1.4640 is already being formed. Nearest key resistance up from that level is seen at 1.4720, therefore as long as the pair is trading below that mark, the uptrend will be bounded by current levels.
great analysis, matches my levels.
just very boring to watch it build bases and sliding around pip by pip.
  • #428,866
  • Apr 26, 2011 11:14am Apr 26, 2011 11:14am
cant trust anything at this hour. wait for tomorrow open
  • #428,867
  • Apr 26, 2011 11:16am Apr 26, 2011 11:16am
Fear still on hold for usdx to break bottom ,behaved last leg down as strong ab & down to c without d for . otherwise pa ok.cretical time to handle cretically also.fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #428,868
  • Apr 26, 2011 11:19am Apr 26, 2011 11:19am
There were some nice northern breakouts last week during Asia. Daily range is well smashed today. I'm hoping for a stall so there will be some pips for brother Venice to grab during Asia...beer or bourbon in hand.

I've got my fill from some long scalps last night and a few shorties today. Happy to let it consolidate, but will saddle up if need be.
  • #428,869
  • Apr 26, 2011 11:19am Apr 26, 2011 11:19am
Quoting frevd
great analysis, matches my levels.
just very boring to watch it build bases and sliding around pip by pip.
Thank you. I agree, the current trading pattern is about as fun as watching paint dry.
  • #428,870
  • Apr 26, 2011 11:20am Apr 26, 2011 11:20am
Quoting Decsnmkr
Thank you. I agree, the current trading pattern is about as fun as watching paint dry.
lol.
seems to be tired of going down "again".
and myself I feel tired to see it "still" up.
  • #428,871
  • Apr 26, 2011 11:21am Apr 26, 2011 11:21am
Quoting egkid
PA now 12585 ,What do u think?
I don't trade it but have a view almost sure about it
But if u can i would like know ur view
My view is technically nothing stopping it from going much higher but am curious what tomorrow will bring.

Can see possibly a substantial move down along with gold, oil etc if Bernanke doesn't keep passing out free money.

So I'm in wait and see mode.
  • #428,872
  • Apr 26, 2011 11:23am Apr 26, 2011 11:23am
For the newbie There are really some great traders here try to notice what they say and FF not only E/U Thread there are some great posts on other thread, I mean try to read everything and filter it then think while ur chart front of U
Cya tomorrow
  • #428,873
  • Apr 26, 2011 11:23am Apr 26, 2011 11:23am
Quoting SunTrader
My view is technically nothing stopping it from going much higher but am curious what tomorrow will bring.

Can see possibly a substantial move down along with gold, oil etc if Bernanke doesn't keep passing out free money.

So I'm in wait and see mode.
About time I'd say - BUT.. I would never again count on Ben, he disappointed me once badly, seems he always says the wrong things at the wrong time.
  • #428,874
  • Apr 26, 2011 11:28am Apr 26, 2011 11:28am
Quoting frevd
lol.
seems to be tired of going down "again".
and myself I feel tired to see it "still" up.
both , more or less to me . if the wedge at top consolidate a whole 5th wave then next correction to down but more than it can be if only represent wave 1 of 5th . in both case it to down more or less & next again come for the up when finished correction in either cases.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #428,875
  • Apr 26, 2011 11:28am Apr 26, 2011 11:28am
Quoting frevd
About time I'd say - BUT.. I would never again count on Ben, he disappointed me once badly, seems he always says the wrong things at the wrong time.
I don't trade off the news and/or hold positions during it so I'm never disappointed by it.

If I trade, I get the credit or the blame - no one else.
  • #428,876
  • Apr 26, 2011 11:30am Apr 26, 2011 11:30am
GU put on some early reversal signs, could be false alert, but might also indicate some down on EU, maybe, don't count on me pls.
I guess I'll leave for some hours till japan, ran out of essentials.. cya.
  • #428,877
  • Apr 26, 2011 11:32am Apr 26, 2011 11:32am
Quoting SunTrader
I don't trade off the news and/or hold positions during it so I'm never disappointed by it.

If I trade, I get the credit or the blame - no one else.
If you're stuck in a medium term trade you have to incorporate any news that might interfere. The time I was referring to was in the middle of the housing crisis, he wasn't giving many helpful speeches at that time .
  • #428,878
  • Apr 26, 2011 11:37am Apr 26, 2011 11:37am
Quoting SunTrader
My view is technically nothing stopping it from going much higher but am curious what tomorrow will bring.

Can see possibly a substantial move down along with gold, oil etc if Bernanke doesn't keep passing out free money.

So I'm in wait and see mode.
Matter of weeks , Target 10333
  • #428,879
  • Apr 26, 2011 11:47am Apr 26, 2011 11:47am
Quoting frevd
If you're stuck in a medium term trade you have to incorporate any news that might interfere. The time I was referring to was in the middle of the housing crisis, he wasn't giving many helpful speeches at that time .
As I have been watching the DX building a base since 5:30am this morning and watching the no supply bars build on the daily......this obviously brings us to a tipping point....tomorrows news will definitely do that....the way I see it...there are so many people short the dollar and the news out of the USA is getting better with the news in Europe still not great as a whole.....therefore I look for either a muted reaction (very little price movement) or a nice reversal that will bring the currencies back to a bit more of a normalized state.....remember when everyone is thinking one way..........the road is clear to drive as fast as you want in the opposite direction. just my 2 cents.
I don't trust any move - when you have profit...take it.
  • #428,880
  • Apr 26, 2011 11:58am Apr 26, 2011 11:58am
Quoting Faller
As I have been watching the DX building a base since 5:30am this morning and watching the no supply bars build on the daily......this obviously brings us to a tipping point....tomorrows news will definitely do that....the way I see it...there are so many people short the dollar and the news out of the USA is getting better with the news in Europe still not great as a whole.....therefore I look for either a muted reaction (very little price movement) or a nice reversal that will bring the currencies back to a bit more of a normalized state.....remember...
you could be very right with that. the news tomorrow are many and could become critical, hoping for the best (not that I have a long term interest but it's good to keep the pairs within sane ranges, if only to predict their future logically).
EDIT: I certainly don't like it that everything is about USD these days. Could have some more variance, I mean there _are_ other currencies.

damn, pretty heavy summer storm just started outside, I'm caught at home.
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