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EURUSD

  • #433,681
  • May 3, 2011 5:52am May 3, 2011 5:52am
Currently waiting on 1hr to close to observe price action for long
  • #433,682
  • May 3, 2011 5:52am May 3, 2011 5:52am
Quoting sintelion
Stupid market, get some direction. Getting tired of the shitty half moves today.
Yep, it's definitely a choppy market...
Trends, breakouts, price action.
  • #433,683
  • May 3, 2011 5:56am May 3, 2011 5:56am
Quoting aizazk
Yep, it's definitely a choppy market...
Whats choppy? Can you expound on that for me? Maybe a chart?
  • #433,684
  • May 3, 2011 5:57am May 3, 2011 5:57am
Quoting mercy seat
Guten Morgen!

Exactly ... daily pattern is obvious ... gut beobachtet ...

May result in an engulfing ... bearish or bullish ... breakout pattern ... we will see ...

We tend to prefer a southwards move acceleration ...


I've got not much time atm ... phone calls swamps ... ohne Ende and other issues waiting for final solution ... disturbing that ... I did write that much earlier but was prevented from submission ...


Daily Trend => Neutral ... suggesting to look out for jolly good selling opportunities ... sell the rallies is our stance


3...

SIMPLIFIED EXPLANATION:


Under pressure ... near term again ...

Elliott projection still not filled ...

You can decide on your own ...


TABLE shows ... as follows:


1.) Pivotal approach ... on a daily, weekly and monthly basis ...

2.) Elliott approach ... on a daily, weekly and monthly basis ...

3.) Fibonacchi approach ... on a daily, weekly and monthly basis ...

4.) ZigZag probabillity bands ... on a daily, weekly and monthly basis ...

5.) Some special things ... that I will not provide here as it goes too far then ...


Let's keep it simple ...

Lowest has been aprox. 1.4754 until now ...

On the opposite side of 1.4754 on ZigZag bandwidth TABLE we have got 1.4811, 1.4828, 1.4846 as re-bound targets with a higher probabillity to be hit again ...

Above that we have 1.4867 ... which is seen as first enhancement ...

Those levels are valid as long as not cut below 1.4754 ...

Deeper Cuts will cry for new calculation or dampening upside views of course ...

Depends on too many parameters ... but unfortunately I cannot explain all this in ENGLISH ...

At least the TABLES are quite self-explanatory ...

Charts are quite self-explanatory as well ... they are not messy grafics ... trendlines are provided as well ...

From time to time I do and I did say something about ... and estimations does not change every minute ... as DAILY is the "MASTER KEY" ...

Some things can change very fast ... but we are not able to give a note on that at any time ...



;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-05-03_12h30_ EURUSD _ min090 _ (100) candle + TL + TC + PP.PNG Size: 25 KB
Click to Enlarge Name: 2011-05-03_12h15 - Pivots + ZigZag A-B-C LEVELS _ EURUSD _ Update _ W-18.PNG Size: 117 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #433,685
  • May 3, 2011 6:00am May 3, 2011 6:00am
half assed market is right.
  • #433,686
  • May 3, 2011 6:01am May 3, 2011 6:01am
Side ways for two weeks, then another rise...
  • #433,687
  • May 3, 2011 6:02am May 3, 2011 6:02am
Quoting theIEguy9_09
Whats choppy? Can you expound on that for me? Maybe a chart?
How do you chop a meat?
Make it rain baby
  • #433,688
  • May 3, 2011 6:03am May 3, 2011 6:03am
Quoting theIEguy9_09
Whats choppy? Can you expound on that for me? Maybe a chart?
Price has been waving around on M1 and M5, or there are no follow throughs in certain moves, it would just reverse and start consolidating. Market isn't proving to be 'fluid' enough for me, so I'm staying out from scalping now. Looking at the ranges on H1 and above now.
Trends, breakouts, price action.
  • #433,689
  • May 3, 2011 6:03am May 3, 2011 6:03am
Quoting theIEguy9_09
Currently waiting on 1hr to close to observe price action for long
Patience is always key
  • #433,690
  • May 3, 2011 6:08am May 3, 2011 6:08am
4780-4790 is an area to watch again.
  • #433,691
  • May 3, 2011 6:11am May 3, 2011 6:11am
Quoting aizazk
Price has been waving around on M1 and M5, or there are no follow throughs in certain moves, it would just reverse and start consolidating. Market isn't proving to be 'fluid' enough for me, so I'm staying out from scalping now. Looking at the ranges on H1 and above now.
Nice!!
  • #433,692
  • May 3, 2011 6:12am May 3, 2011 6:12am
long @ 4770, lets see if we'll get some decent retracement...
  • #433,693
  • May 3, 2011 6:12am May 3, 2011 6:12am
Higher low, unexpected PA. hmm... Could be W-formation.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_5 Mins_snapshot.png Size: 15 KB
Make it rain baby
  • #433,694
  • May 3, 2011 6:14am May 3, 2011 6:14am
Quoting FxPlayboy
Higher low, unexpected PA. hmm...
Looks like setting up for a squeeze flag with a break to the upside.
A pip is only worth it if you know how much you risked to earn it
  • #433,695
  • May 3, 2011 6:15am May 3, 2011 6:15am
looks like a double bottom, and we are at support so lets see what happens
AVT INVENIAM VIAM AVT FACIAM
  • #433,696
  • May 3, 2011 6:20am May 3, 2011 6:20am
Quoting the redlion
looks like a double bottom, and we are at support so lets see what happens
I guess that depends on timeframe. I can see the double bottom on the 1M, tripple botton on 15M and double botton on 2H/4H
A pip is only worth it if you know how much you risked to earn it
  • #433,697
  • May 3, 2011 6:20am May 3, 2011 6:20am
Eyes on 804
A pip is only worth it if you know how much you risked to earn it
  • #433,698
  • May 3, 2011 6:22am May 3, 2011 6:22am
Quoting sintelion
long @ 4770, lets see if we'll get some decent retracement...
closed. gonna get a coffee and see what NY would bring.
  • #433,699
  • May 3, 2011 6:26am May 3, 2011 6:26am
Quoting vlady1974
I guess that depends on timeframe. I can see the double bottom on the 1M, tripple botton on 15M and double botton on 2H/4H

whatever formation it is

i ask my self would i be shorting it?

im thinking probably no, there is more risk of moving up than down.

so im long
AVT INVENIAM VIAM AVT FACIAM
  • #433,700
  • May 3, 2011 6:28am May 3, 2011 6:28am
short 1.4790
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