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  • #446,381
  • May 21, 2011 10:09pm May 21, 2011 10:09pm
Quoting netfrofit
Hold Buy ... Daily Chart as bullish mood .. wait & see tomorrow GMT 22.00
So you are taking a random low and drawing a trendline and convincing yourself that EU will go up lol. OK my friend. You are brave to hold those longs, when the market dropped 200+ pips on friday.
Good luck with longs!!! Once 1.4000 is broken, its over!
  • #446,382
  • Edited 10:50pm May 21, 2011 10:37pm | Edited 10:50pm
Hey bro,

what are your thoughts of here - Im with you on the hl's and hh's, which combined with the close shifting more to the upside of the 38 fib as it looks like its right on top could mean short term bulls...

The other bigger time frames I see are a monthly twin tower forming, although it needs to close like that first, and also a weekly close below the upper trend line combined with an inverted hammer suggesting a continuation downtrend?

just throwing it out there - all thoughts also welcomed - thanks

Quoting PhAnTi'
eurusd analysis...... thats my hence opinion dudes....

no need to call anything i post, just wanna give u my thoughts on current situation and a ''heads-up'' ....

ok here we go...

weekly chart :

Attachment

i pointed out 5 important weekly bars.

No.5 : openprice 1.4156
No.4 : high at 1.4155
No.1 : low at 1.4152
No.2 : low at 1.4159
No.3 (which obv. represents this week) : close at 1.4158 (activtrades quote)

imho weekly bar couldnt close below those support levels/significant Highs and lows.
Current weekly bar shows...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Monthly_snapshot.jpg Size: 128 KB
Click to Enlarge Name: Chart_EUR_USD_Weekly_snapshot.jpg Size: 131 KB
"Millionaires don't use astrology, billionaires do"
  • #446,383
  • May 21, 2011 10:44pm May 21, 2011 10:44pm
There is no point in wasting time on predicting market direction. I give you the holigrail of trading and post a challange to all - prove it wrong on any pair, stock or commodity. You have all the time in the world and you may start checking charts/data/tapes going back from eversince these markets started.

All markets have only one direction, and that is up. Buy euro at 0.0000, you will never lose, except the spread.
The Thief of Wall Street
  • #446,384
  • May 21, 2011 11:08pm May 21, 2011 11:08pm
Quoting Chicky
There is no point in wasting time on predicting market direction. I give you the holigrail of trading and post a challange to all - prove it wrong on any pair, stock or commodity. You have all the time in the world and you may start checking charts/data/tapes going back from eversince these markets started.

All markets have only one direction, and that is up. Buy euro at 0.0000, you will never lose, except the spread.
do u know what r u talking: All markets have only one direction, and that is up. Buy euro at 0.0000, you will never lose, except the spread.
  • #446,385
  • May 21, 2011 11:17pm May 21, 2011 11:17pm
Quoting Chicky
There is no point in wasting time on predicting market direction. I give you the holigrail of trading and post a challange to all - prove it wrong on any pair, stock or commodity. You have all the time in the world and you may start checking charts/data/tapes going back from eversince these markets started.

All markets have only one direction, and that is up. Buy euro at 0.0000, you will never lose, except the spread.
I'm sure there are some Dmark traders still holding on hoping in the end you are right.
  • #446,386
  • May 21, 2011 11:57pm May 21, 2011 11:57pm
Quoting Mr Hatch
Why would he mind... you come nowhere close to what he does with that.
I agree with You.
To play good with violin is not enough to have a violin, I need 1000nds of hours practicing.
Thank You!
  • #446,387
  • May 22, 2011 12:54am May 22, 2011 12:54am
Quoting Honored
So you are taking a random low and drawing a trendline and convincing yourself that EU will go up lol. OK my friend. You are brave to hold those longs, when the market dropped 200+ pips on friday.
Good luck with longs!!! Once 1.4000 is broken, its over!
Note for myself: quadrupple my long EUR positions on comments like these...
________________________________ Errare humanum est
  • #446,388
  • May 22, 2011 12:57am May 22, 2011 12:57am
IMF Approves 26 Billion-Euro Loan to Portugal

May 20 (Bloomberg) -- The International Monetary Fund said today it approved a 26 billion-euro loan to Portugal as part of a joint rescue package with the European Union.
http://noir.bloomberg.com/apps/news?...d=aRGAM9EycWZ0

Surprise, surprise how fast the IMF - a supposedly "headless" institution - the loan package for Portugal. Oh, and by the way - the next IMF head seems to be Christine Lagarde - after UK chancelor Osborne is supporting a nomination:

http://noir.bloomberg.com/apps/news?...QHz85wmc&pos=2
________________________________ Errare humanum est
  • #446,389
  • May 22, 2011 1:29am May 22, 2011 1:29am
Quoting ingmarforex
wankers
Hero calls followed by margin calls...
  • #446,390
  • May 22, 2011 1:32am May 22, 2011 1:32am
Quoting forex_growth
Hey bro,

what are your thoughts of here - Im with you on the hl's and hh's, which combined with the close shifting more to the upside of the 38 fib as it looks like its right on top could mean short term bulls...

The other bigger time frames I see are a monthly twin tower forming, although it needs to close like that first, and also a weekly close below the upper trend line combined with an inverted hammer suggesting a continuation downtrend?

just throwing it out there - all thoughts also welcomed - thanks
Nice clean charts, next week or 2 might be quite exciting
If you are new to Forex? Say Goodbye to your account!!
  • #446,391
  • May 22, 2011 1:37am May 22, 2011 1:37am
Quoting MisterTrader
IMF Approves 26 Billion-Euro Loan to Portugal

[b][color=Black]May 20 (Bloomberg) -- The International Monetary Fund said today it approved a 26 billion-euro loan to Portugal as part of a joint rescue package with the European Union....
Let's help those who are more in depth with more dept to all of us. I love this dumb world.
  • #446,392
  • May 22, 2011 1:42am May 22, 2011 1:42am
Got connection after many hours , since yesterday afternoon ! , anyway some charts to remember while shorting next & eu & usdx update .

http://www.forexfactory.com/showthre...52#post4635052
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #446,393
  • May 22, 2011 2:07am May 22, 2011 2:07am
Spanish elections bring uncertainty; debt fears re-emerge


http://www.fxstreet.com/fundamental/...2011/05/20/02/

"Right now we think that the Spanish elections are the biggest event risk for the Eurozone and the single currency over the next few days," Brooks continues. "Although EURUSD has come off, it remains well supported above 1.4000 – a key psychological level for investors. If investors start to lose faith in Spain that could see us quickly back to the 1.1800 lows we experienced this time last year during the first Greek bailout."
Make money with me
  • #446,394
  • May 22, 2011 3:26am May 22, 2011 3:26am
Quoting fontu
Got connection after many hours , since yesterday afternoon ! , anyway some charts to remember while shorting next & eu & usdx update .

http://www.forexfactory.com/showthre...52#post4635052
fontu
great chart....

thanks for sharing fontu...
Patience, Emotion Control and Discipline.
  • #446,395
  • May 22, 2011 3:30am May 22, 2011 3:30am
Hello Traders,

Euro/Usd This pair looked to had based on uptrend for 3 past days above 1.4200 targetted 1.4345, but then failed to continue to 1.4390 & fell sharp to 1.4130, closing at low price 1.4160, but only a break of 1.4120 would extend weakness to 1.4050 & break here would boost weakness targetting 1.3940 low in coming days while only basing above 1.4250 would revive upward movement to target 1.4340/50 then 1.4470 would be in the picture for the coming days.

Have Great Trading Days
  • #446,396
  • May 22, 2011 3:37am May 22, 2011 3:37am
Quoting MisterTrader
IMF Approves 26 Billion-Euro Loan to Portugal

[b][color=Black]May 20 (Bloomberg) -- The International Monetary Fund said today it approved a 26 billion-euro loan to Portugal as part of a joint rescue package with the European Union....
the result of the news ?
Attached Image
A chart helps those who can read it.
  • #446,397
  • May 22, 2011 3:48am May 22, 2011 3:48am
Quoting johncen
great chart....

thanks for sharing fontu...
You are welcome , just my thought , contrary to most perhaps but some bear with more & more bull , let it manipulate again till exhaustion.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #446,398
  • May 22, 2011 4:04am May 22, 2011 4:04am
Quoting Honored
So you are taking a random low and drawing a trendline and convincing yourself that EU will go up lol. OK my friend. You are brave to hold those longs, when the market dropped 200+ pips on friday.
Good luck with longs!!! Once 1.4000 is broken, its over!
Yes trade as WYSIWYG if broken - I goes diving with her until 9 march depth..
nobody knows just predict .. before dive she must take high place 1st. ... maybe
Attached Image
  • #446,399
  • May 22, 2011 4:42am May 22, 2011 4:42am
Quoting netfrofit
Yes trade as WYSIWYG if broken - I goes diving with her until 9 march depth..
nobody knows just predict .. before dive she must take high place 1st. ... maybe

Muppet,
even if that trade works out or not you will blow yourself out at a later stage anyway...
  • #446,400
  • May 22, 2011 4:45am May 22, 2011 4:45am
I must be missing something huge about the FOREX...Why do people use news to trade? Look for that wonderful (3) candle setup. Pips 24/7!!!
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