Attachments: EURUSD

EURUSD

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#440,741
May 12, 2011 7:05am May 12, 2011 7:05am

FibbinArchie
Joined Apr 2010 | Status: Trader | 13,228 Posts

Quoting Larseg

Disliked

Ok people, breathe normal and scale out... what do you see?

Is this showing a confirmed up-trend?
Are we going long at this stage?

Ignored

3 higher highs on m5, but run right into 50% retrace level of daily drop and the real fly in the ointment is us data out shortly...

#440,742
May 12, 2011 7:06am May 12, 2011 7:06am

darimik
| Joined Jul 2009 | Status: yo | 3,577 Posts

the second half of audusd closed at nothing. putting in a short eu @ 41696. still have a few pendings above.

#440,743
May 12, 2011 7:07am May 12, 2011 7:07am

Gleneagles
Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts

Here is where I am now. The breakout stretched the range at the bottom and I put in a 30 pip box at the bottom. Midlevel marked in yellow and will look where it wants to go.

It is a bit messy right now but remember the boxes are just a rough guide, don`t panic if you have different levels by a few pips.

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" Never let the past hold the future to ransom "

#440,744
May 12, 2011 7:07am May 12, 2011 7:07am

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,125 Posts

close below 4064 on a h time frame is the next. we just has another b/o and one on the usdx also.. not to mention the ones in the aud and eu daily breakouts.

those who can, do. those who cant, talk about those who can

#440,745
May 12, 2011 7:07am May 12, 2011 7:07am

paul1
Joined Jul 2010 | Status: Trader | 1,778 Posts

Quoting PhAnTi'

Disliked

whats your shot on eurx and usdx paul for the upcoming months?

Ignored

To be perfectly honest buddy ,I dont believe its wise to have to strong a bias at the moment .

But the fact is they printed loads of dollars ,and as long as those dollars stay in circulation dollar will be weak.
Just simple supply and demand ,there are loads of dollars so they are cheap.
You could see some strength in the US to help obama get elected.
And qe2 will end in june ,this will be I feel the eye of the storm when all looks fine.
The elections finish ,qe3 is announced ,even more dollars in supply ,even lower dollar .

the amount of dollars to buy gold will rise.

Every time the amount of money is increased in circulation ,it takes more of it to buy anything physical .Food ,oil ,clothes.etc.

May i add while your bank account may have the same amount in it ,Its an illusion they are in effect taking money out of your account via buying power.
Possible they will keep printing till the new currency is announced.
keep an eye out for announcement they are going into syria,iran getting involved ,oil rocket ship commodity rocket ship,dollar dive.

Out of the two eur are doing a better job .

I dont know what will happen if they go ahead with the intrigation of mexico and canada ,maybe this will happen for the introduction of the new currency and The trilateral state of america,I read somewere mexico has loads of gold and obviously canada has oil.

making green pips large and red pips small this is my goal.

#440,746
May 12, 2011 7:08am May 12, 2011 7:08am

darimik
| Joined Jul 2009 | Status: yo | 3,577 Posts

Quoting FibbinArchie

Disliked

3 higher highs on m5, but run right into 50% retrace level of daily drop and the real fly in the ointment is us data out shortly...

Ignored

went out of my head for some reason. should not have put in that trade. will make it BE if possible or close before the news

#440,747
May 12, 2011 7:08am May 12, 2011 7:08am

piotr-fx
| Joined Dec 2010 | Status: finally on the correct path | 158 Posts

Quoting longshot_nl

Disliked

just my view.

Ignored

this kind of formation usually ends with strong move down

but of course, as always, it must not happen this time. good luck

#440,748
May 12, 2011 7:10am May 12, 2011 7:10am

forex1962
| Joined Jan 2011 | Status: Trader | 390 Posts

whose gonna scalp the news?

#440,749
May 12, 2011 7:10am May 12, 2011 7:10am

Gleneagles
Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts

Quoting Indyfx

Disliked

Hi Ally,

Do you draw your lines manually as I have an indi that can set lines automatically at 20 pip intervals from any predetermined value. I don't know whether this would be helpful

Ignored

Please attach it, I used one in the past, it is very handy to have.

" Never let the past hold the future to ransom "

#440,750
May 12, 2011 7:11am May 12, 2011 7:11am

amarfx
| Joined Apr 2008 | Status: Trader | 362 Posts

Done with 50 pips from short signal today

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#440,751
May 12, 2011 7:12am May 12, 2011 7:12am

T@rantula
| Commercial User | Joined Feb 2010 | 14,361 Posts

As long as EU is below 4215 tp is 4130-90

#440,752
May 12, 2011 7:13am May 12, 2011 7:13am

AllyB
Joined Mar 2010 | Status: aka QueenB | 4,808 Posts

Quoting Indyfx

Disliked

Hi Ally,

Do you draw your lines manually as I have an indi that can set lines automatically at 20 pip intervals from any predetermined value. I don't know whether this would be helpful

Ignored

i do draw them manually. was just trying out the suggestion to use the fib tool but so far i am messing it up and i missed a trade in the process

please post what you have, would love to look at it.

thanks in advance and Cheers!

#440,753
May 12, 2011 7:14am May 12, 2011 7:14am

AllyB
Joined Mar 2010 | Status: aka QueenB | 4,808 Posts

Quoting Gleneagles

Disliked

Please attach it, I used one in the past, it is very handy to have.

Ignored

great minds are thinking alike today eagle eye!

#440,754
May 12, 2011 7:15am May 12, 2011 7:15am

PayTheLimit
Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts

Quoting Gleneagles

Disliked

Please attach it, I used one in the past, it is very handy to have.

Ignored

glen, you can also use the fib tool, just set the retracments to 100%,200%,300% etc....

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Look Sharp/Trade Tight

#440,755
May 12, 2011 7:15am May 12, 2011 7:15am

Indyfx
| Joined Nov 2009 | Status: Trader | 201 Posts

Quoting Gleneagles

Disliked

Please attach it, I used one in the past, it is very handy to have.

Ignored

Here it is

Set the start price to the level that you want the lines to start at say 1.4152. This can be changed whenever you want say at the start of the next day if the levels are different

Number of lines is how many you want on your chart. I usually have it set at 40

Spacing should be set to 20 for 20 pips

Other parameters as you require

Please note that you cannot load 2 lots of this indicator onto the same chart. I don't know why but it does not work

Attached File(s)

SpacedLines.mq4 5 KB | 385 downloads

#440,756
May 12, 2011 7:17am May 12, 2011 7:17am

AllyB
Joined Mar 2010 | Status: aka QueenB | 4,808 Posts

Quoting Indyfx

Disliked

Here it is

Set the start price to the level that you want the lines to start at say 1.4152

Number of lines is how many you want on your chart

Spacing should be set to 20 for 20 pips

Other parameters as you require

Please note that you cannot load 2 lots of this indicator onto tha same chart. I don't know why but it does not work

Ignored

Thanks!