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EURUSD

  • #437,821
  • May 7, 2011 3:01am May 7, 2011 3:01am
Quoting Astroman
That is what I was asking everyone last week when it seemed like everyone was saying 1.60 was a given and only a matter of time before 2 was hit. I was waiting for the fall. Unfortunately with 2 interest rates decisions coming out on Thursday and NFP on Friday I called it quits before Thursday big day and completely missed out on something I had been waiting for.



Oh well.
Do you think that this pair will go down another 300 - 400 pips? Now that everybody is scared to touch this pair at least till it will begin some kind of range, I'm prepared to trade in sideways market between 1.34 and 1.39 as it did when oil corrected from 114 to 98 2 years ago. If it leaves this sideways channel I short or long for long term. My important s/r are: 1.4310, 1.4590, 1.4900.

Note: 2 y ago Oil corrected only to 98, now it went as far as 94, so the range of euro may extend no 1.41-1.42 and I'm prepared for it.

As oh Thu-Fri movement - I covered 70% of the move, I lost on 30% move (small positions).
  • #437,822
  • May 7, 2011 3:33am May 7, 2011 3:33am
hi, here is my analysis of EURUSD in the weeking starting 9 May.

D1: price break the uptrend line starting from the low on 9 Jan 2011. In the week starting 9 May 2011, price could touch 1.4250 to 1.4280 region and bounce to retest the break out point around 1.45 region. On weekly chart, the pair is still trending up, thus:

a) potential short entry 1: when price break below 1.4280, zoom into H4, wait for break out, pull back and continuation pattern to confirm the break out before enter, tp at 1.4050.

b) potential short entry 2: when price retest1.45, zoom into H4, wait for bearish candlestick pattern, and maybe also check that the stochastic bearish cross occurred above 50 to confirm before enter, tp at 1.4280.

I am bearish on this pair, and will not enter long.
  • #437,823
  • May 7, 2011 4:33am May 7, 2011 4:33am
STOP LOSS, are managing you STOP LOSS, STOP LOSS must even though if you are managing your account U have to have the STOP LOSS.
  • #437,824
  • Edited 8:25am May 7, 2011 4:56am | Edited 8:25am
Quoting Xmen2
hi, here is my analysis of EURUSD in the weeking starting 9 May.

D1: price break the uptrend line starting from the low on 9 Jan 2011. In the week starting 9 May 2011, price could touch 1.4250 to 1.4280 region and bounce to retest the break out point around 1.45 region. On weekly chart, the pair is still trending up, thus:

a) potential short entry 1: when price break below 1.4280, zoom into H4, wait for break out, pull back and continuation pattern to confirm the break out before enter, tp at 1.4050.

b) potential short entry 2: when price...
Ok , doing good .nothing may be so simple or straight .


A 5th wave continues down with extention above one cardinal level of 4281 of higher tf like weekly & monthly but no perhaps for lower tf . so likely break the pride to continue down to the more concentrated sr levels of 4200,4167 & 4120 likely before retracement of wave b up towards4281,4331, 4450,4530 to even 4625 , the lesser the expect here .
next down c may to again to the lows , one limit level 4033 , 3950 & last limit level 3861. decision there after for next UP to continue bull or already reversal taken place. possible all by the next week I think.strong bear still there .
old picture & one new one .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #437,825
  • May 7, 2011 5:08am May 7, 2011 5:08am
looking short for D1 EURUSD TP1 1.40235,TP2 1.37531,Tp3 1.34827.

Good Trade
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  • #437,826
  • May 7, 2011 5:15am May 7, 2011 5:15am
Quoting Astroman
Hey, if you do not already think I am a jerk you might now. I do believe in all that 2012 stuff.

I do not believe in all the end of the world scaremongering that goes along with it but I do believe we will be entering a new age.

A better age.

A time for celebration and not a time for fear.
Ditto
  • #437,827
  • May 7, 2011 6:52am May 7, 2011 6:52am
Quoting alfalasi
STOP LOSS, are managing you STOP LOSS, STOP LOSS must even though if you are managing your account U have to have the STOP LOSS.
  • #437,828
  • May 7, 2011 6:58am May 7, 2011 6:58am
Quoting Raza
Its major in my calculation.....resistence now 1.4483- 1.4493...

After 1.4303 -1.4283..... its not worth to buy it for a while at least till next month.

Time will tell...

See you later....gator.
i went back to it and found something at 4285 area... im too lazy right now. but i will do a predictive to see where the ones following 400x have mids.. also the same thing that gave me 4285 has a something at 4122 area.. it suggest some flat lines (or bounce) in this area till b/o either way.
also the level you have is just above the 2008 predictive... its at ..4277.9 ... i will probably lighten the load or close if candle indicates.. maybe even long a few.. and short the peak when a candles say too. but i still have a short outlook and consider these just a bounce. so i will still sell the peaks until proven wrong. .
those who can, do. those who cant, talk about those who can
  • #437,829
  • May 7, 2011 7:10am May 7, 2011 7:10am
Quoting alfalasi
STOP LOSS, are managing you STOP LOSS, STOP LOSS must even though if you are managing your account U have to have the STOP LOSS.
oh yes, thank you for the reminder, forgot to mention SL in my post

for a), SL should be 10pips above 1.4280 or there about

for b), SL should be 10pips above 1.45 or there about
  • #437,830
  • May 7, 2011 7:20am May 7, 2011 7:20am
mental night last night, brilliant gig...

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  • #437,831
  • May 7, 2011 7:26am May 7, 2011 7:26am
EU 8 hours chart my view
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  • #437,832
  • May 7, 2011 8:09am May 7, 2011 8:09am
for your entertainment:

4882#major
4772#major
4703#minor
4632#minor
4586#major/flag
4518#major/impuls
4489#minor
4453#minor/retrace
4422#major/ma/extension
4349#minor/extension

4315#minor

4252#major/extension
4202#minor/flag
4156#major/retrace
4035#major
3977#minor/upmid
3915#minor/mid
3859#major/extension/lowmid
3743#major
3646#minor/retrace
3424#major

done with homework...enjoy your weekend!
  • #437,833
  • May 7, 2011 8:34am May 7, 2011 8:34am
Quoting FibbinArchie
mental night last night, brilliant gig...

http://www.youtube.com/watch?v=8qdtVCB5LIM

http://www.youtube.com/watch?v=fFvnRk-E-8Q
Sounds good ...sounds similar to

Inserted Video


All systems of divination, like music itself,work through patterns.
  • #437,834
  • May 7, 2011 8:47am May 7, 2011 8:47am
Quoting Forexia
Age of Aquarius? Is that supposed to be a good age?
I'm hoping the human race learns to become less of a Douche Bag. lol
  • #437,835
  • May 7, 2011 8:53am May 7, 2011 8:53am
Quoting Magix
I gotta couple quotes for ya, yet the vodka forbids me from naming the authors...

1. Live everday as you would celebrate the new year.
2. Live everyday as if it was your last...

And finally....my fav

3. If you live everyday like there is no tomorrow, one day, you will be right...


Believe me my friend, you will never have to ask what I think of you, you will already know...in an infinite space, I feel no need to conserve...
Oh Mag......u plagiarising me?

All systems of divination, like music itself,work through patterns.
  • #437,836
  • May 7, 2011 8:56am May 7, 2011 8:56am
Quoting Pipwanderer
correction at top 4880 formed a reverse symmetrical and expanded which normally break above but this time the opposite direction touched the bottom channel 200 ema on h4. close below should take it down to 4350
true
  • #437,837
  • May 7, 2011 9:46am May 7, 2011 9:46am
Quoting kaspopsicle
Sounds good ...sounds similar to

http://www.youtube.com/watch?v=hamKl-su8PE

Yeah similar sort of vibe, but in my opinion Rifles are more true to grass roots mods, don't overly rate Keiser Cheifs, big egos and victims of their own success...
  • #437,838
  • May 7, 2011 9:55am May 7, 2011 9:55am
Hi Raza, I am a little confused about the time frame on the bottom of your chart?
  • #437,839
  • May 7, 2011 10:46am May 7, 2011 10:46am
things like... i told you so. but then everyone here that knows anything knew that before i started posting.

http://www.forexfactory.com/showpost...stcount=432231

Anyhow.. for the rest... my target for the end of year remains the same.
1.18 - trichet made a mistake by raising rates and now he's back pedaling. secondly, Greece is done - dead in the water - the fallout as predicted will be massive. Portugal is headed in the same direction. Spain is still in cover up mode and is in a lot more trouble than they are admitting. helicopter will come under some very heavy pressure by colleagues and his boss and begin to end the $ spigot.
  • #437,840
  • May 7, 2011 11:07am May 7, 2011 11:07am
Quoting FibbinArchie
Yeah similar sort of vibe, but in my opinion Rifles are more true to grass roots mods, don't overly rate Keiser Cheifs, big egos and victims of their own success...
True .. KC overly commercial.
Lost a bit of comment earlier....cos i was dicking around...
on one of the Kaisers cuts they do " i could do a line..liion " 'stead of" i predict a riot"..
bl**dy 'soles what?

Will tune in the Rifles...wish i was back living in 'undone...
All systems of divination, like music itself,work through patterns.
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