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EURUSD

  • #444,621
  • May 18, 2011 10:22pm May 18, 2011 10:22pm
Quoting usalchemist
I'm new to this EURUSD thread. I must apologize that I've not followed this thread from the start. I'm simply dropping in to seek some feedback on a particular tick formation that I have seen in the last hour. Please see the tick charts in the left and the 1M charts on the right.

Can you see the v-shape spike reversal in the tick chart corresponding to the long wick in the 1M?

Apart from spike, sudden reversal and v-shape, what other phrases are traders normally want to describe? How do you call these kind of move? How do you make out of this...
with $7k account u open 10,000 contracts? whats wrong with u
  • #444,622
  • May 18, 2011 10:23pm May 18, 2011 10:23pm
Quoting ady_babe
Crazy question but how many touches of monthly pivot (or any line) before it is considered support? Is thier a general concensus on this?
Rule of thumb dictates, sell a double, buy a triple on tops, and buy a double sell a triple on bottoms..

Basic general s/r rules...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #444,623
  • May 18, 2011 10:23pm May 18, 2011 10:23pm
Quoting Larseg
Placed a short here...

1. Traders have placed longs today all the way from 4250 to 4300
2. The bulk of shorters are are still in a short trade but below 4250
3. Limit orders placed to high up... they will come after...

Lets close those who are long....
I dont know
1. Oil is still rising
2. Usd index still falling
3. Comodities still rising

just my three why Im long still
But I agree they will come after limit orders
  • #444,624
  • May 18, 2011 10:24pm May 18, 2011 10:24pm
morning...
Look Sharp/Trade Tight
  • #444,625
  • May 18, 2011 10:30pm May 18, 2011 10:30pm
Quoting Magix
Rule of thumb dictates, sell a double, buy a triple on tops, and buy a double sell a triple on bottoms..

Basic general s/r rules...
Thankyou sometimes it is the basics I need..
  • #444,626
  • May 18, 2011 10:30pm May 18, 2011 10:30pm
HI
EUR/USD intraday: rebound expected.
EUR
19/05/11 02:58
1 week trend: (=)
1 month trend: (=)

Pivot: 1.4205

Our preference: Long positions above 1.4205 with targets @ 1.434 & 1.438 in extension.

Alternative scenario: Below 1.4205 look for further downside with 1.4125 & 1.4085 as targets.

Comment: the pair has just broken above its resistance and should post further advance.

Key levels
1.4425
1.438
1.434
1.4297 last
1.4205
1.4125
1.4085
lets hope it will reach 1.434 soon
  • #444,627
  • May 18, 2011 10:30pm May 18, 2011 10:30pm
Quoting Larseg
Good night, cant promise anything but Ill try to make it trend
well done...
Look Sharp/Trade Tight
  • #444,628
  • May 18, 2011 10:32pm May 18, 2011 10:32pm
Quoting ady_babe
Thankyou sometimes it is the basics I need..
Only rules ya need to follow is buy long charts and sell short charts...

The rest is just bullshit...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #444,629
  • May 18, 2011 10:34pm May 18, 2011 10:34pm
Quoting Magix
Only rules ya need to follow is buy long charts and sell short charts...

The rest is just bullshit...
Just as long as you can figure out when you're in a short or long chart...

And sometimes **** happens
Traders are smartasses
  • #444,630
  • May 18, 2011 10:34pm May 18, 2011 10:34pm
Quoting ady_babe
I dont know
1. Oil is still rising
2. Usd index still falling
3. Comodities still rising

just my three why Im long still
But I agree they will come after limit orders
there is a important close in 30 min...
you need 43022 closed above (4h) or its probably rejected. then after look for a 1h cloce above 4322 to confirm. in 30 min a close above 4322 will answer both.. but a close below 4277 is probably a rejection.
those who can, do. those who cant, talk about those who can
  • #444,631
  • May 18, 2011 10:34pm May 18, 2011 10:34pm
its in one of those areas...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 18 KB
Look Sharp/Trade Tight
  • #444,632
  • May 18, 2011 10:36pm May 18, 2011 10:36pm
Quoting Spsantos
Just as long as you can figure out when you're in a short or long chart...

And sometimes **** happens
what one are we in now?
those who can, do. those who cant, talk about those who can
  • #444,633
  • May 18, 2011 10:36pm May 18, 2011 10:36pm
Quoting ady_babe
Crazy question but how many touches of monthly pivot (or any line) before it is considered support? Is thier a general concensus on this?
It really depends on how many wives one has. I would say 5 touches.
The Thief of Wall Street
  • #444,634
  • May 18, 2011 10:39pm May 18, 2011 10:39pm
Quoting usalchemist
I'm new to this EURUSD thread. I must apologize that I've not followed this thread from the start. I'm simply dropping in to seek some feedback on a particular tick formation that I have seen in the last hour. Please see the tick charts in the left and the 1M charts on the right.

Can you see the v-shape spike reversal in the tick chart corresponding to the long wick in the 1M?

Apart from spike, sudden reversal and v-shape, what other phrases are traders normally want to describe? How do you call these kind of move? How do you make out of this...
MoFu

or

Oedipus Complex
The Thief of Wall Street
  • #444,635
  • May 18, 2011 10:40pm May 18, 2011 10:40pm
Quoting ady_babe
I dont know
1. Oil is still rising
2. Usd index still falling
3. Comodities still rising

just my three why Im long still
But I agree they will come after limit orders
they sure are.. but
Attached Image(s) (click to enlarge)
Click to Enlarge Name: quote board.PNG Size: 24 KB
Click to Enlarge Name: usdx.PNG Size: 24 KB
those who can, do. those who cant, talk about those who can
  • #444,636
  • May 18, 2011 10:41pm May 18, 2011 10:41pm
Quoting gatorinla
what one are we in now?
M1 short
M5 Draw
M15 long
M30 Long
H1 @ resistance
H4 Hold for short trigger
Daily Long
Weekly
Monthly short.<- arguable...twin towers...hrmmm
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #444,637
  • May 18, 2011 10:42pm May 18, 2011 10:42pm
Quoting Spsantos
Just as long as you can figure out when you're in a short or long chart...

And sometimes **** happens
Long time no see Spsantos.

ps- They are much more than smartasses
The Thief of Wall Street
  • #444,638
  • May 18, 2011 10:43pm May 18, 2011 10:43pm
Quoting Magix
Monthly short.

, another one of those areas....
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 17 KB
Look Sharp/Trade Tight
  • #444,639
  • May 18, 2011 10:45pm May 18, 2011 10:45pm
Quoting Magix
Only rules ya need to follow is buy long charts and sell short charts...

The rest is just bullshit...
Im trying, but my brain gets in the way!
  • #444,640
  • May 18, 2011 10:47pm May 18, 2011 10:47pm
Quoting Magix
M1 short
M5 Draw
M15 long
M30 Long
H1 @ resistance
H4 Hold for short trigger
Daily Long
Weekly Long
Monthly short.
we didn't hold yearly r1. either.
those who can, do. those who cant, talk about those who can
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