DislikedFor the record, I am 100% with D55. I am confident we will see 1.5 especially with such a big support of 48430 on the daily, it is just not going to be this week.
But then again who am I, I only have a few posts here.Ignored
- #460,041
- Jun 10, 2011 11:51pm Jun 10, 2011 11:51pm
- Joined Jun 2011 | Status: UN-RE-TIRED | 12,773 Posts
- #460,042
- Jun 11, 2011 2:48am Jun 11, 2011 2:48am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #460,043
- Jun 11, 2011 2:53am Jun 11, 2011 2:53am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
technical view :
weekly still in downtrend, ( 3 Lower highs ) , unless we dont cross/close above 4830-4875 and 1.5000 level we r still in nice area to place some swing trades to the downside with stops above mentioned levels above.
Targets at least 1.35 and 1.29 area.
Might take a couple of months to get there of course.....wtf this is a weekly chart
On the daily develops a trend reversal bullish --> bearish , if a Lower Low gonna follow the Lower high next weeks, see chart.
Anyway (as always) the fundamental side gave us the trigger to the short side....
im betting on a trend resversal here,altough we didnt have divergences neither on daily nor on the weekly ...not likely to see new highs (above 4939).
intraday perspective should point up a bit for monday, expect some correction now before reloading shorts.
anyway this is my fuckin opinion, i appreciate any comment,idea,hint,chart and other points of view.
have a nice we,
Jonas
weekly still in downtrend, ( 3 Lower highs ) , unless we dont cross/close above 4830-4875 and 1.5000 level we r still in nice area to place some swing trades to the downside with stops above mentioned levels above.
Targets at least 1.35 and 1.29 area.
Might take a couple of months to get there of course.....wtf this is a weekly chart
On the daily develops a trend reversal bullish --> bearish , if a Lower Low gonna follow the Lower high next weeks, see chart.
Anyway (as always) the fundamental side gave us the trigger to the short side....
im betting on a trend resversal here,altough we didnt have divergences neither on daily nor on the weekly ...not likely to see new highs (above 4939).
intraday perspective should point up a bit for monday, expect some correction now before reloading shorts.
anyway this is my fuckin opinion, i appreciate any comment,idea,hint,chart and other points of view.
have a nice we,
Jonas
Hero calls followed by margin calls...
- #460,044
- Jun 11, 2011 2:54am Jun 11, 2011 2:54am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Monthly Red, 1hr...
on a fuckin early saturday morning
Hero calls followed by margin calls...
- #460,045
- Jun 11, 2011 2:55am Jun 11, 2011 2:55am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #460,046
- Jun 11, 2011 2:56am Jun 11, 2011 2:56am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
just stepped in to post some charts and u r crossing my way....
on a fuckin early saturday morning
Look Sharp/Trade Tight
- #460,047
- Jun 11, 2011 2:59am Jun 11, 2011 2:59am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
indeed, you see I'm an old man, so I dont have much time to get rich, I'm rather in a hurry...
Hero calls followed by margin calls...
- #460,048
- Jun 11, 2011 3:00am Jun 11, 2011 3:00am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #460,049
- Jun 11, 2011 3:02am Jun 11, 2011 3:02am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
not mention, the wife is out of town....
if so i dont wanna waste your time
first of all i need a freakin coffeeeeeee
Hero calls followed by margin calls...
- #460,050
- Jun 11, 2011 3:26am Jun 11, 2011 3:26am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Monthly three pivot method....
Look Sharp/Trade Tight
- #460,051
- Jun 11, 2011 3:29am Jun 11, 2011 3:29am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Monthly three pivot method....
Look Sharp/Trade Tight
- #460,052
- Jun 11, 2011 3:32am Jun 11, 2011 3:32am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
well ill post a eurchf chart bcause theres no recent eurchf thread out there....
sorry for that,
but believe me this one is definielty one for the watch list
ok here we go....
eurchf weekly :
Trend : Obviously down ( ^^ )...
LH,LL,LH,LL,LH,LL,LH,LL ....
THe heavy heavy super duber bullish divergence catched my eye, as we know divergence is one or even the most significant tool to identify possible trend reversals and corrections.
They work pretty awesome if you use them in addition with supply and demand areas and oversold/overbought market conditions ( i use the RSX (2) that has prooven to be very accurate in the past) ....
so RSX will approach oversold setup within next few weeks, divergence developed and we are likely to see correction up.... me personally switch to daily and h4 frame to wait for a bullish reversal pattern or a different kind of confirmation for possible bull power and trend reversal.
1.2425 level(area) would be nice first tg for a reversal.
anyway from fundamental side the euro is still under pressure and might drop further more (as we had it on ej/eu end of this week).
check below to compare last setup with the one that develops right now.
this one is the current setup :
this one develops right now :
jonas.
posted also in eu thread
sorry for that,
but believe me this one is definielty one for the watch list
ok here we go....
eurchf weekly :
Trend : Obviously down ( ^^ )...
LH,LL,LH,LL,LH,LL,LH,LL ....
THe heavy heavy super duber bullish divergence catched my eye, as we know divergence is one or even the most significant tool to identify possible trend reversals and corrections.
They work pretty awesome if you use them in addition with supply and demand areas and oversold/overbought market conditions ( i use the RSX (2) that has prooven to be very accurate in the past) ....
so RSX will approach oversold setup within next few weeks, divergence developed and we are likely to see correction up.... me personally switch to daily and h4 frame to wait for a bullish reversal pattern or a different kind of confirmation for possible bull power and trend reversal.
1.2425 level(area) would be nice first tg for a reversal.
anyway from fundamental side the euro is still under pressure and might drop further more (as we had it on ej/eu end of this week).
check below to compare last setup with the one that develops right now.
this one is the current setup :
this one develops right now :
jonas.
posted also in eu thread
Hero calls followed by margin calls...
- #460,054
- Jun 11, 2011 3:42am Jun 11, 2011 3:42am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #460,055
- Jun 11, 2011 3:43am Jun 11, 2011 3:43am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
I'm off....to get my head examined ....enjoy the weekend, PTL
....enjoy the weekend, PTL
Look Sharp/Trade Tight
- #460,056
- Jun 11, 2011 6:42am Jun 11, 2011 6:42am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #460,058
- Jun 11, 2011 9:18am Jun 11, 2011 9:18am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
well ill post a eurchf chart bcause theres no recent eurchf thread out there....
sorry for that,
but believe me this one is definielty one for the watch list
ok here we go....
eurchf weekly :
Not to be a total prick here, but looking at your charts it is hard to not revert back to some of the things discussed in house before the close of the week. Commenting on oversold and using indicators to judge turning points, vs just using them to follow the trend.
Now, I know you mentioned to look at a lower timeframe, like the H4 to watch for signs of reversals, but the illistrations you made on your charts are typically 100% of the reason that people get into trouble when using indicators for charting.
You have drawn divergence on the MACD, before it has started to correct(1). This coincides with what could be bottom, until it gets properly tested who knows, and then took your RSX and show it to be turning up(2), when that isn't really what is happening at all...
I took the CHF pairs off my trade lists, so haven't really been following them, but with a quick glance at your chart, and market being what it is, assumption of turn on your charts doesn't seem to be there.
Now, ya could be right, I don't know, I don't trade off the weeklies and for the sake of the thread don't see much point in building a EURCHF analysis, and yes, if you are watching the H4 for reversals, it may just keep you from dropping in a trade to be wiped out...but...
If you completely disregard what the weekly says, and are biased to begin with, it could start to lead you down the wrong path on the shorter tfs as well...
Just a word of caution is all...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #460,060
- Edited 10:04am Jun 11, 2011 9:39am | Edited 10:04am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...