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EURUSD

  • #439,481
  • May 10, 2011 10:59pm May 10, 2011 10:59pm
Quoting glennl2000
Where do you guys see this eurusd going throughout asian/ldn? I myself am looking for a drop to ~ 1.4350 or lower.
This will be the 6th time in the last 28 days that the 3 GMT candle closes at ~4400. Keep getting pullled towards that number.
  • #439,482
  • May 10, 2011 11:10pm May 10, 2011 11:10pm
First fundamentals tonight since the collapse of the Euro.

I think the 'theatre' of the Euro has changed, before last week, it absorbed bad news with a wobble, wherea the USD would capitulate on bad news and continue its amble down on good news.

Now I see the Euro as the more vulnerable leg in the pair, the theatre of reaction is more likely to dump the Euro with neutral or bad Euro figures and buy USD on neutral or good US figures.

So strong fundies for Euro and Weak for US may see us peak above 1.4440.....anything else and the US will prosper in my opinion.

Until news, I cant see it rising much more than it is now...and would be suprised to see it amble down a tad till the Euro figures are out.

Also Gemrany has been having dissapointing figures recenetly...so I will try and position myself bearishly on the Euro and hopefully be able to set stops at a 0 loss when its news time. If its poor EURO data I have .14375 as my first TP with previous lows of 1.4280 coming in if the US follows up with strong news.
  • #439,483
  • May 10, 2011 11:12pm May 10, 2011 11:12pm
Trying to follow Gator on Candle Closes.

if it closes below a level I am happy for a moment but next instant realize in fact it has closed above another level.
The Thief of Wall Street
  • #439,484
  • May 10, 2011 11:15pm May 10, 2011 11:15pm
Quoting Chicky
Trying to follow Gator on Candle Closes.

if it closes below a level I am happy for a moment but next instant realize in fact it has closed above another level.

Look Sharp/Trade Tight
  • #439,485
  • May 10, 2011 11:16pm May 10, 2011 11:16pm
Is this you Jay, or its AK?
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The Thief of Wall Street
  • #439,486
  • May 10, 2011 11:18pm May 10, 2011 11:18pm
Quoting Chicky
Is this you Jay, or its AK?
I think its me...
Look Sharp/Trade Tight
  • #439,487
  • May 10, 2011 11:20pm May 10, 2011 11:20pm
one more to watch over the next day or so...
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Look Sharp/Trade Tight
  • #439,488
  • May 10, 2011 11:21pm May 10, 2011 11:21pm
Quoting PayTheLimit
I think its me...
That means survelence is off, unless they are not logged in.
The Thief of Wall Street
  • #439,489
  • May 10, 2011 11:22pm May 10, 2011 11:22pm
Quoting Chicky
That means survelence is off, unless they are not logged in.
indeed...what yours downside target?
Look Sharp/Trade Tight
  • #439,490
  • May 10, 2011 11:24pm May 10, 2011 11:24pm
Another day, another daily candle emerges.

Down. To where? I don't know.
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  • #439,491
  • May 10, 2011 11:31pm May 10, 2011 11:31pm
Quoting PayTheLimit
indeed...what your downside target?
1.3834 if situation warrants. The issue with my method is that target keeps on moving with trendlines. As time passes this target gets lower and lower.

The upper wall of this dotted yellow channel is presently near 1.4800, my shorts will be safer if it does not get past 1.4650 in next 10 to 12 days.
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The Thief of Wall Street
  • #439,492
  • May 10, 2011 11:34pm May 10, 2011 11:34pm
Shamu,

Long time not see!

How are the things man?
The Thief of Wall Street
  • #439,493
  • May 10, 2011 11:38pm May 10, 2011 11:38pm
Quoting Chicky
1.3834 if situation warrants. The issue with my method is that target keeps on moving with trendlines. As time passes this target gets lower and lower.

The upper wall of this dotted yellow channel is presently near 1.4800, my shorts will be safer if it does not get past 1.4650 in next 10 to 12 days.
Understood. Do you ever use vertical s/r for your targets?
Look Sharp/Trade Tight
  • #439,494
  • May 10, 2011 11:42pm May 10, 2011 11:42pm
Quoting PayTheLimit
Understood. Do you ever use vertical s/r for your targets?
You mean vertical or horizontal?

I once tried using verticals for session breaks, but did not work much on it. May do it again sometime.

Horizontal are my key support/resistances (The Pink Lines). Very few but very strong. However, PA frequently penetrates them by 50 to 100 pips.
The Thief of Wall Street
  • #439,495
  • May 10, 2011 11:45pm May 10, 2011 11:45pm
Quoting Chicky
You mean vertical or horizontal?

I once tried using verticals for session breaks, but did not work much on it. May do it again sometime.

Horizontal are my key support/resistances (The Pink Lines). Very few but very strong. However, PA frequently penetrates them by 50 to 100 pips.
lol, indeed horizontal, need some stronger coffee...good luck
Look Sharp/Trade Tight
  • #439,496
  • May 10, 2011 11:55pm May 10, 2011 11:55pm
Revised my wedge and count off the top
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Don't have an ego. Always question yourself and your ability.
  • #439,497
  • May 10, 2011 11:55pm May 10, 2011 11:55pm
USD/CHF needs to break upper wall of this purple channel for euro to move down. If it does, yellow horizontal line above maybe the target.
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The Thief of Wall Street
  • #439,498
  • May 11, 2011 12:08am May 11, 2011 12:08am
Tp1 4300
tp2 4210
tp3 0
Founder of Sutherland Wave Principle
  • #439,499
  • May 11, 2011 12:09am May 11, 2011 12:09am
Quoting Chicky
USD/CHF needs to break upper wall of this purple channel for euro to move down. If it does, yellow horizontal line above maybe the target.
indeed..some good support just below here also now...
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Look Sharp/Trade Tight
  • #439,500
  • May 11, 2011 12:18am May 11, 2011 12:18am
took a long on silver from 36, but it seems i will die of old age first.
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