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EURUSD

  • #436,621
  • May 5, 2011 1:06pm May 5, 2011 1:06pm
The market is very strange right now... moves slowly through everything like a Panzer tank.
  • #436,622
  • May 5, 2011 1:06pm May 5, 2011 1:06pm
Quoting needpips
One would think Asia would want to buy this dip hard.....just a theory...any thoughts?

I am still learning a lot about forex fundamentals but I fail to see why Asia would "want" to buy this dip. There is no compelling reason that I can think off for them to "want" it.

What is your thinking behind this statement?
We're all stories in the end. Just try to make it a good one.
  • #436,623
  • May 5, 2011 1:06pm May 5, 2011 1:06pm
Quoting samdani786
This is what i am following . Lets see
Holy Moly,

don't do that to my heart LOL


Are you really that bullish with sentiment data since weeks showing USD bulls only to be around 5-max 10%?


My view is upside down......
  • #436,624
  • May 5, 2011 1:09pm May 5, 2011 1:09pm
Quoting kill56
lol bro post the dam thing
OK here it is .
Attached Image (click to enlarge)
Click to Enlarge Name: 52 h4 5-5-11.gif Size: 25 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #436,625
  • May 5, 2011 1:10pm May 5, 2011 1:10pm
Quoting Poqito
It looks to me like they unwind this diamond top with base @ 1.4493.
This target coincides with next Bearish Butterfly target level at 361.8Fibo @ 1.4490. Full pattern extension ends at 423.6fibo @ 1.4400

Funny thing it doesn't even fight back so far. Freefall.

What you think guys?
Agree on the Diamond Top, we are close to the bottom of the Daily Channel .45229 and under neath we have .4493 and I think I see a bear or several bears in that area. so I'll be looking at all the numbers but especially interest in the 25% retrace Fib from jan 9 2011 to yesterday's high. Should be giving us something further to think about. lol
  • #436,626
  • May 5, 2011 1:11pm May 5, 2011 1:11pm
Traders,

Its clear as day. The ECB and The FEDS planned this move.

In Bernake's press conference he said he will not be raising interest rates unless the conditions in the market reflects that and that QE will end JUNE

So what does everyone do, dump the dollar - nice run up everyone makes loads of money regardless of the EUR debt crisses.

Today, Trichet, Quotes TIM and also with conviction says he strongly agrees with BEN and TIM that a stronger dollar is the best thing for both countries.

So what does everyone do - dump the EUR - well all currencies.

No one cannot tell me that this was not a planned move between the two of them

Pipchick - Lets see if 1.4520 holds, based on the PM I sent to you earlier this week.
  • #436,627
  • May 5, 2011 1:11pm May 5, 2011 1:11pm
Quoting infinitus
Looks like a 5th wave down. May go lower now, but wave three looks like to be the extended one. Now wave 1 and 5 are nearly eaqual. Murrey Math wise low probability trade if shorting here. Better wait for rebounce.

thanks bro
  • #436,628
  • May 5, 2011 1:11pm May 5, 2011 1:11pm
Quoting Traderji
I am still learning a lot about forex fundamentals but I fail to see why Asia would "want" to buy this dip. There is no compelling reason that I can think off for them to "want" it.

What is your thinking behind this statement?
greedy ... carry, oh....good bargain......maybe?
  • #436,629
  • May 5, 2011 1:12pm May 5, 2011 1:12pm
Quoting infinitus
Holy Moly,

don't do that to my heart LOL


Are you really that bullish with sentiment data since weeks showing USD bulls only to be around 5-max 10%?


My view is upside down......
If this move down breaks the TL then i am with you .
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #436,630
  • May 5, 2011 1:12pm May 5, 2011 1:12pm
oil below 100
  • #436,631
  • May 5, 2011 1:12pm May 5, 2011 1:12pm
Quoting samdani786
This is what i am following . Lets see
hey samdani786, i posted this in the elliott wave forum. Your count has some wave 4 in to 1 overlap so I favour this one:

http://www.forexfactory.com/attachme...5&d=1304527182
Don't have an ego. Always question yourself and your ability.
  • #436,632
  • May 5, 2011 1:15pm May 5, 2011 1:15pm
i'm out....missed most of it though
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  • #436,633
  • May 5, 2011 1:15pm May 5, 2011 1:15pm
Quoting kill56
oil below 100
Yep...safe to run in the streets...not a bull in sight.

Don't go picking berries, though...bears are foraging!
  • #436,634
  • May 5, 2011 1:15pm May 5, 2011 1:15pm
Quoting fontu
Its a daily level reversal , may not bottom in eu but a good retracement can expect after the crazy usdx ends this present leg, very near to the pullback if happy for some time .still not but soon perhaps . eu may stop by 4519.
closed all , even shorts & now waiting tired .doing it after long time . fast scalping .
fontu
maybe 4425 to around 4400. 4482 may be a good target too.

Divergences are building up, but they can last very long

Murrey Math wise 1 and 4h chart now at -2/8 line. If it will be broken with two baby octaves it can easily run 50 or 100 pips further down, maybe 150 pips
  • #436,635
  • May 5, 2011 1:17pm May 5, 2011 1:17pm
update the dam boxes
Attached Image (click to enlarge)
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  • #436,636
  • May 5, 2011 1:17pm May 5, 2011 1:17pm
you guys may not care but we are at 1.90% bearish change on the daily charts lol we could get to 200% change@ the next daily support @.4492
  • #436,637
  • May 5, 2011 1:19pm May 5, 2011 1:19pm
Quoting samdani786
If this move down breaks the TL then i am with you .
Let it break, let it break :-)

I feel not comfortable with betting against you, but I do not like to be wrong hehehe
  • #436,638
  • May 5, 2011 1:20pm May 5, 2011 1:20pm
Quoting cloggie
Posted this over a week ago and she behaved accordingly. But heh WTF do I know.
Excellent as always buddy. Now, let's have a cup of tea for a while. How long do you think it will take until it got bumped again?
  • #436,639
  • May 5, 2011 1:21pm May 5, 2011 1:21pm
Quoting infinitus
Holy Moly,

don't do that to my heart LOL


Are you really that bullish with sentiment data since weeks showing USD bulls only to be around 5-max 10%?


My view is upside down......

hey bro , Look at the post # 706 . I am not the only one man . Dont blame me alone now
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #436,640
  • May 5, 2011 1:22pm May 5, 2011 1:22pm
Little trivia. Largest ATR since mid 1989, was in March 1995...612 pips. Another little tidbit of worthless info, lol, the high of that day...1.4535, held till....late 2007, about 12yrs, lol....put that in your pipe and smoke it...
Look Sharp/Trade Tight
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