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  • #439,381
  • May 10, 2011 3:48pm May 10, 2011 3:48pm
Quoting fontu
Sure , marketing showing it clearly whatever smaller it be , broken upside to save skin bull for now & still in a bear setup & to break & confirm 1.4441 and 1.4456 & hold . last wave of c up as an impulse showing not any great strength , should back 4378 nearer to up & see , how far .
sellers may not that concren before those levels at top & may set orders there already . progress slow & indecision continues for long time again expecting all retracement be over by this week & bear continue weekend.

lets see .
fontu

Interesting PA ...

1.4411 or 1.4412 has been hit four or five times until now ...

Lowest been at the beginning of European Session ...

All day long the major stance has been micro mild positive ...

Rejections from downside attempts has been not too weak as if we could ignore them ...

Although toppish here at this stage without fresh input from news or political side ...

But news from Australia and China has not been bad ... impressive trade data ... gains in trade surplus ... risk sentiment higher therefore ...

Greece may be not that evil to justify that downmove alone ... moreover those Greeks will get their beloved welfare payments ... in order to twiddle thumbs and shut up ...

Soon new "value date" here in the factory for our beloved spot forex forward contracts ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-05-10_22h25_ EURUSD _ min005 _ (200) candle + ST + TC + PP.PNG Size: 35 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #439,382
  • May 10, 2011 3:52pm May 10, 2011 3:52pm
I posted this earlier, but im a junior member and so my posts have to be moderated and probably got lost in the fast pace of pages generated during the day. Anyway, can anyone advise me how to paste charts onto this thread?? I use ETX Capital btw incase that helps, im no retard, but can not figure it out
  • #439,383
  • May 10, 2011 4:23pm May 10, 2011 4:23pm
Quoting stubbys
I posted this earlier, but im a junior member and so my posts have to be moderated and probably got lost in the fast pace of pages generated during the day. Anyway, can anyone advise me how to paste charts onto this thread?? I use ETX Capital btw incase that helps, im no retard, but can not figure it out
When you post ... scroll a little bit down ... then you see click button where you can upload your charts ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #439,384
  • May 10, 2011 4:32pm May 10, 2011 4:32pm
slowwwwwwwwwwly compressing again.
looks again ready to pop

visit 4441 again and then down move to at least lower tl @4314
  • #439,385
  • May 10, 2011 4:33pm May 10, 2011 4:33pm
Quoting mercy seat
Interesting PA ...

1.4411 or 1.4412 has been hit four or five times until now ...

Lowest been at the beginning of European Session ...

All day long the major stance has been micro mild positive ...

Rejections from downside attempts has been not too weak as if we could ignore them ...

Although toppish here at this stage without fresh input from news or political side ...

But news from Australia and China has not been bad ... impressive trade data ... gains in trade surplus ... risk sentiment higher therefore ...

Greece may be not that...

Mehr gibt es jetzt nicht ...

Telefonzeit ...

palim palim ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-05-10_23h15 - Pivots + ZigZag A-B-C _ EURUSD _ Rollover Close _ W-19.PNG Size: 116 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #439,386
  • May 10, 2011 4:43pm May 10, 2011 4:43pm
Quoting TradeForexFx
Hi Nedim,

Appreciate if you could share the indicator and the template file used on this chart.

Thanks TF
Hi TF,

I use gartley patterns & indicators.
  • #439,387
  • May 10, 2011 4:54pm May 10, 2011 4:54pm
Quoting prezd
slowwwwwwwwwwly compressing again.
looks again ready to pop

visit 4441 again and then down move to at least lower tl @4314
This slow compressing you call....is actually a phase most like of distribution....if you open a 60 min chart and zoom out to Sunday night you will see price has been in a channel between 1.444X to 1.4250 - since price action is now moving down from 1.49 highs......I would say this is another distribution pattern - yes we may see alittle more upside to the top of the channel....1.444xish.......but things are over bought on the 60 min and just look to be forming a bear flag on the 4 hour chart........just my opinion.
I don't trust any move - when you have profit...take it.
  • #439,388
  • May 10, 2011 4:58pm May 10, 2011 4:58pm
Divergences were setting up for euro to fall, but price held through them so I will be adding to my long here at 1.4410 targeting 1.4441 now.
Don't have an ego. Always question yourself and your ability.
  • #439,389
  • May 10, 2011 5:01pm May 10, 2011 5:01pm
Quoting Faller
This slow compressing you call....is actually a phase most like of distribution....if you open a 60 min chart and zoom out to Sunday night you will see price has been in a channel between 1.444X to 1.4250 - since price action is now moving down from 1.49 highs......I would say this is another distribution pattern - yes we may see alittle more upside to the top of the channel....1.444xish.......but things are over bought on the 60 min and just look to be forming a bear flag on the 4 hour chart........just my opinion.
Looks like supply!
  • #439,390
  • May 10, 2011 5:03pm May 10, 2011 5:03pm
Quoting GulfCoastPip
Looks like supply!

When you say it looks like supply......do you mean that you are looking for the price to fall as there is tooooo much supply at this level?
I don't trust any move - when you have profit...take it.
  • #439,391
  • May 10, 2011 5:05pm May 10, 2011 5:05pm
Quoting Faller
When you say it looks like supply......do you mean that you are looking for the price to fall as there is tooooo much supply at this level?
No.

Keep in mind I'm also trading 4 hour, 6 hour and 8 hour charts now instead of my previous 1m, 5m, and 15m.
  • #439,392
  • May 10, 2011 5:06pm May 10, 2011 5:06pm
Quoting GulfCoastPip
No.

Keep in mind I'm also trading 4 hour, 6 hour and 8 hour charts now instead of my previous 1m, 5m, and 15m.

So if there is supply at a certain level......what does that mean to you....that's all I am wondering......supply to me means that there is no demand.....therefore price moves down......what are your thoughts?
I don't trust any move - when you have profit...take it.
  • #439,393
  • May 10, 2011 5:15pm May 10, 2011 5:15pm
looks like some yen intervention under way........thoughts?
I don't trust any move - when you have profit...take it.
  • #439,394
  • May 10, 2011 5:17pm May 10, 2011 5:17pm
Quoting Faller
So if there is supply at a certain level......what does that mean to you....that's all I am wondering......supply to me means that there is no demand.....therefore price moves down......what are your thoughts?
It doesn't mean there is no demand. It means that we have the potential for supply to outweigh the demand.

This is just an example, I don't have my charts up yet... but, we can say... The last time we were at this zone (by looking to the left), supply outweighed demand and we went down. We are now back to this same zone where supply/sellers existed at last time, and we have the expectation for it to drop again.

As always, we need to always pay attention to price and watch how it mingles in the zones. Zones are made to be obeyed and broken. Generally, the best setups we want to compression into supply with an engulfing candle exiting which is our signal to sell.

With that being said, one needs to take precaution and realize what time of day it is. Something that appears to be compression may just be no volume.
  • #439,395
  • May 10, 2011 5:21pm May 10, 2011 5:21pm
Quoting Venice
It doesn't mean there is no demand. It means that we have the potential for supply to outweigh the demand.



This is just an example, I don't have my charts up yet... but, we can say... The last time we were at this zone (by looking to the left), supply outweighed demand and we went down. We are now back to this same zone where supply/sellers existed at last time, and we have the expectation for it to drop again.

As always, we need to always pay attention to price and watch how it mingles in the zones. Zones are made to be obeyed and broken....

Well written.....thanks for your insight.....
I don't trust any move - when you have profit...take it.
  • #439,396
  • May 10, 2011 5:22pm May 10, 2011 5:22pm
Quoting Faller
looks like some yen intervention under way........thoughts?
thoughts are it was in the charts

http://www.forexfactory.com/showpost...stcount=439426
Don't have an ego. Always question yourself and your ability.
  • #439,397
  • May 10, 2011 5:33pm May 10, 2011 5:33pm
Wenn ich das schon höre ... ick trade nich 5 min charts ... nich H1 charts ... ick trade überhaupt keine charts ... forex we trade ...

Scheiß' auf die Charts ...

But prices will go higher ... you will see ...

Pop pop pop ...

Und wech isser ... der downtrend ... so und nun sind wir mal gespannt was der Onkel Elliott uns da so erzählen will ...



hehe ^^



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-05-11_00h00 - Pivots + ZigZag A-B-C _ EURUSD _ Rollover Open _ W-19.PNG Size: 116 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #439,398
  • May 10, 2011 5:35pm May 10, 2011 5:35pm
Quoting RamsesII
thoughts are it was in the charts

http://www.forexfactory.com/showpost...stcount=439426
lol, a bullish engulfing on the daily that barley has much of a higher high then yesterday is not exactly yen intervention material.

Now, see price jump 500-600 pips in a day... now were talking...!

Talk to Archie, he almost had a piece of the last intervention several years back, but got scared out of his position.

Would have been done trading for the year had that been the case. LOL...
  • #439,399
  • May 10, 2011 5:40pm May 10, 2011 5:40pm
morning guys.....

seems EUR is gonna go up for today?
Patience, Emotion Control and Discipline.
  • #439,400
  • May 10, 2011 5:44pm May 10, 2011 5:44pm
Quoting johncen
morning guys.....

seems EUR is gonna go up for today?

Please state your bias for your comment....or was it a question......or did you not look at your charts yet.....or are you looking for some advice?
I don't trust any move - when you have profit...take it.
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