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  • #434,641
  • May 4, 2011 2:14am May 4, 2011 2:14am
Morning , inetrnet doing a serious trouble , anyway just a post-mortem of the great mofu .

Both eu & usdx bear continued and recovered to bull again , apparently having same movements/directions but virtually not possible to continue in the long run . in usdx there is flat top to stop great bull action & eu expanding triangle to favour bear . even both eu & usdx doing side by side to help usdx to success but market should not , more chances usdx failure with huge sky falling effects next failure at top areas very possible .

in great mofu no waves or theory or even price action work perfectly & so I .4811 broken & no apparent impulse identified so far .
lets see how long the move together before market rejects it at any firing level to initiate the impulse again .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #434,642
  • May 4, 2011 2:15am May 4, 2011 2:15am
Quoting Aurele
will be waiting for the price to go down again and enter long
Was waiting for the price to bounce off the daily pivot and retest the range support, not happening

My setup for today, will be monitoring the shorter TF to get the best possible entries, easy pips even for a newbie like me
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  • #434,643
  • May 4, 2011 2:15am May 4, 2011 2:15am
Quoting disegnosys
I share the same view too, I had some shorts yesterday. I built some longs off some lower levels of EUR/USD, AUD/USD, and AUD/JPY and scaled out of most. Doing more shorter term trades due to NFP this week. We shall see where she wants to go. My bias is still long thou.

Best Wishes to all
Thanks... Well its all going good so far. Im long in AUD from near todays low of 1081 hoping it will come back to 1.1 or higher. We'll see if history repeats itself yet again with EUR tonight.
  • #434,644
  • May 4, 2011 2:16am May 4, 2011 2:16am
Quoting hindustani
can't u guys just chill, i am trying to watch a movie here

i know i am long from 4810 and i do know i am in green profits, so what ; the movie comes first
closed long at 4848, to hell with clogg, but i like what i got +38 is fine for me.
  • #434,645
  • May 4, 2011 2:18am May 4, 2011 2:18am
5min chart, levels effective for the next several hours...
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Look Sharp/Trade Tight
  • #434,646
  • May 4, 2011 2:18am May 4, 2011 2:18am
Quoting Shadip
Not really, I just hate kids that go around saying this IS going to happen or IT will go down. I've simply said if they gap the market up over this price then we'll see atleast xxx80, if they can't then it looks like lower prices....


Whats wrong with that, how can anyone be 100% sure? I'm guessing you can and you've showed that by all your spot on posts too, you should prop trade if you know the market IS going to go in one direction or another.
kids who predict are the kids who go down the DRAIN first
  • #434,647
  • May 4, 2011 2:23am May 4, 2011 2:23am
can someone please help me with the pivot points for hourly, daily, weekly and monthly or a link to get it easily. actionforex.com is not opening here
  • #434,648
  • May 4, 2011 2:24am May 4, 2011 2:24am
morning all

going north for a retest of 487x, according to my charts
  • #434,649
  • May 4, 2011 2:26am May 4, 2011 2:26am
Quoting hindustani
kids who predict are the kids who go down the DRAIN first
Thats why you trade what you see... But you still have to have a plan to get in and out lol,

and know which way the market is MORE likely to move in any given scenario.

Just leave me alone and trade, the only reason I didn't want to post is because there always bickering and look what happened.

I guess you don't need to predict because you know exactly where the market is going. Well done.
  • #434,650
  • May 4, 2011 2:27am May 4, 2011 2:27am
Quoting stevefx
My trade today. GL.
Hit my target-Yay. Sitting on the sidelines now.

Still long GU and GC though.
  • #434,651
  • May 4, 2011 2:27am May 4, 2011 2:27am
€/$ @ 1hour

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  • #434,652
  • May 4, 2011 2:27am May 4, 2011 2:27am
market is bullish this morning hope every one entered around 12 est.
  • #434,653
  • May 4, 2011 2:28am May 4, 2011 2:28am
Quoting brighty3k
can someone please help me with the pivot points for hourly, daily, weekly and monthly or a link to get it easily. actionforex.com is not opening here
you dont need them

they clutter the chart and the mind

do you want to know when prices is exhausting, you dont need a line in the chart

calculate true range/ time= thrust of price movement, its not 100 % accurate but nothing is.

look at important price levels, resistance and support,

observe what market you are trading
ranging
bull
bear

there is only three (ranging can be consolidation or topping) butt you never know until it switches to bullish or bearish

YOU WILL NEVER KNOW FOR SURE. first look at your entry in 2 ways, one youre right, one youre wrong

what would you do when youre wrong?
what would you do when youre right?
AVT INVENIAM VIAM AVT FACIAM
  • #434,654
  • May 4, 2011 2:29am May 4, 2011 2:29am
Hey all

With this kind of momentum, you know the European session is underway
Trends, breakouts, price action.
  • #434,655
  • May 4, 2011 2:31am May 4, 2011 2:31am
Quoting the redlion
you dont need them

they clutter the chart and the mind
Good advice here... But i would say its worth having Pivots on there as EUR seems to respect them at least Daily, and at least briefly...

I find my fibs are as close to a crystal ball as you could get - coudlnt trade without em - but these are Bobokus fibs im talking about
  • #434,656
  • May 4, 2011 2:32am May 4, 2011 2:32am
Quoting Aurele
Was waiting for the price to bounce off the daily pivot and retest the range support, not happening

Was waiting for the same thing!
  • #434,657
  • May 4, 2011 2:33am May 4, 2011 2:33am
it looks like the break out to buy side just need it to close above 1.4880
  • #434,658
  • May 4, 2011 2:33am May 4, 2011 2:33am
What happened the bad UK News ?
  • #434,659
  • May 4, 2011 2:33am May 4, 2011 2:33am
Quoting Jazznos
Good advice here... But i would say its worth having Pivots on there as EUR seems to respect them at least Daily, and at least briefly...

I find my fibs are as close to a crystal ball as you could get - coudlnt trade without em - but these are Bobokus fibs im talking about
I cut the previous weeks range into eigths and use those for the week. Works well. Also use LC pivots though, nothing wrong with them.
  • #434,660
  • May 4, 2011 2:34am May 4, 2011 2:34am
Quoting darimik
morning.. I am slowly scaling in this morning with longs.

potential target 4950..

Attachment
cant monitor the trade anymore, so I locked in what I need.

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