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EURUSD

  • #448,761
  • May 25, 2011 9:20am May 25, 2011 9:20am
eyes on 4020 for possible reload long...
  • #448,762
  • May 25, 2011 9:25am May 25, 2011 9:25am
if it is so difficuilt to break this levels down...should jump up strongly. Carefull
  • #448,763
  • May 25, 2011 9:26am May 25, 2011 9:26am
Quoting FibbinArchie
eyes on 4020 for possible reload long...
How did you get the 4020 level? Which time frame or indicator?
  • #448,764
  • May 25, 2011 9:30am May 25, 2011 9:30am
Quoting jaydc
interesting move.. range getting small smaller

looks like bear win 2day
another london close break out? been pretty common last few weeks...
  • #448,765
  • May 25, 2011 9:32am May 25, 2011 9:32am
Quoting FibbinArchie
another london close break out? been pretty common last few weeks...
Shesh. My m15 chart looks like crap. What the heck was going on last night? lol
  • #448,766
  • May 25, 2011 9:32am May 25, 2011 9:32am
Quoting FibbinArchie
eyes on 4020 for possible reload long...

i was look more like 3990... yes 4025/20 can hold the bear party
  • #448,767
  • May 25, 2011 9:35am May 25, 2011 9:35am
No matter what, this EU correction is visibly loosing steam. Maybe we will get this final selloff towards the weekend. But any short from now on is considered high risk...in my books.
  • #448,768
  • May 25, 2011 9:35am May 25, 2011 9:35am
The eye structure on this time frame seems to be the most relaxed situation that could be analyzed to yield some form of a behavioral analysis in terms of trendlines.

Short situations will encounter very frequent support lines, and at this point in time there is no major gaps downwards that the currency can use to generate a good drop. Tighter support lines on the lower time frames are presenting a tight barrier that is becoming a bit harder for this pair to break.

Since the blue curved line is providing a decent angle of uplift for the currency to move higher, the EYE structure shown will not be able to easily generate a breakthrough to go lower, so it has to, abide by the blue trendlines and hit the upper boundary of the black curved lines for now.

These eye shaped structures provide a very powerfull thrust. The thrust usually goes around 75% or 100% of the longest drop within the EYE.

Current Recommendation is to go long at 4040-4050 region, minimum lot size, with stoploss at 4000.
Attached Image (click to enlarge)
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  • #448,769
  • May 25, 2011 9:39am May 25, 2011 9:39am
Quoting Venice
Shesh. My m15 chart looks like crap. What the heck was going on last night? lol
watcha v, just intraday basing @ bottom of range I guess, how did swissy work out?
  • #448,770
  • May 25, 2011 9:39am May 25, 2011 9:39am
Quoting jaydc
i was look more like 3990... yes 4025/20 can hold the bear party
ha ha, the bastardo just went to my original tp...

pays to be right, but only at the right time...
  • #448,771
  • May 25, 2011 9:40am May 25, 2011 9:40am
Inserted Video
  • #448,772
  • May 25, 2011 9:41am May 25, 2011 9:41am
Quoting fibbinarchie
eyes on 4020 for possible reload long...
reloaded longs from 4040
  • #448,773
  • May 25, 2011 9:41am May 25, 2011 9:41am
Quoting FibbinArchie
watcha v, just intraday basing @ bottom of range I guess, how did swissy work out?
Cleared at BE. Been really tight with stops, the PA has been rather maddening on it lately.
  • #448,774
  • May 25, 2011 9:41am May 25, 2011 9:41am
Quoting Kambooj
The eye structure on this time frame seems to be the most relaxed situation that could be analyzed to yield some form of a behavioral analysis in terms of trendlines....
nice picture. worth for frame on wall
  • #448,775
  • May 25, 2011 9:43am May 25, 2011 9:43am
Quoting nedim75
reloaded longs from 4040
good play, should've got back in but had my heart set on 20...
  • #448,776
  • May 25, 2011 9:44am May 25, 2011 9:44am
Quoting Chuanjian
How did you get the 4020 level? Which time frame or indicator?
previous support, trend line support and daily/weekly pivot support (s1)..
  • #448,777
  • May 25, 2011 9:46am May 25, 2011 9:46am
Quoting Venice
Cleared at BE. Been really tight with stops, the PA has been rather maddening on it lately.
best, old traders and bold traders an' all that, a stop out usually offers a better entry anyways..
  • #448,778
  • May 25, 2011 9:47am May 25, 2011 9:47am
Quoting escalader
if it is so difficuilt to break this levels down...should jump up strongly. Carefull
good call...
  • #448,779
  • May 25, 2011 9:48am May 25, 2011 9:48am
Quoting FibbinArchie
best, old traders and bold traders an' all that, a stop out usually offers a better entry anyways..
Yep, provided we don't end up reversing the uptrend on it anyways. A close below 8707 is looking pretty convincing right now.
  • #448,780
  • May 25, 2011 9:49am May 25, 2011 9:49am
Quoting FibbinArchie
previous support, trend line support and daily pivot support (s1)..
multiple pivot s1s
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