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  • #464,281
  • Jun 16, 2011 11:50am Jun 16, 2011 11:50am
Quoting mercy seat
Yes ... upside corrective only ...



;-|
check out his definition of
Quote
corrective

http://www.forexfactory.com/showthre...15#post4699015

: p
Hero calls followed by margin calls...
  • #464,282
  • Jun 16, 2011 11:51am Jun 16, 2011 11:51am
Yea, I dont see the bullish side either. I see a makret that made a new swing low today, and I see a market that is using a lot of effort to just test yesterdays lows and close. Now that could all change, but that what I see now. I guess TF has alot to do with the discussion, I'm talking hourly....
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Look Sharp/Trade Tight
  • #464,283
  • Jun 16, 2011 11:51am Jun 16, 2011 11:51am
Quoting Pipwanderer
still holding shorts phanti?..
nono as mentioned yesterday i closed all my shorts from 44xx stage at ~ 4320 an missed the whole rally....will reload higher.
Hero calls followed by margin calls...
  • #464,284
  • Jun 16, 2011 11:52am Jun 16, 2011 11:52am
Quoting PayTheLimit
Yea, I dont see the bullish side either. I see a makret that made a new swing low today, and I see a market that is using a lot of effort to just test yesterdays lows and close. Now that could all change, but that what I see now.
Switch to daily, mate
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  • #464,285
  • Jun 16, 2011 11:53am Jun 16, 2011 11:53am
Quoting 10piptrade
Good Morning everyone have been hear since morning just was watching and reading back post to see if i could help anyone, a bull run as began but still a bear reload mood with confirmation with a 4hr close above 1.4158, will put such a play into to the picture the 36MA and 48MA come in to play both at 1.4205 and 1.4269 with confirm break of these then we move on to 96MA which is currently at 1.4337. It that is broken we have run for 1.14500. But note*** once a 3hr Ma is broken bear resume
For the record took a long at 1.4129, base on the hour breach of the 3hr MA it was then confirm then i decided to hold it for atleast 100 pips target. will update as i go.
Following the current trend
  • #464,286
  • Jun 16, 2011 11:54am Jun 16, 2011 11:54am
Quoting Gleneagles
+84 ( 7 X 12 )

+ 11.8 %


MTD + 540

+64.7 %

Compounding factor 1.4 used today.

PA respected the levels quite well today.
i see where you took a break there
  • #464,287
  • Jun 16, 2011 11:54am Jun 16, 2011 11:54am
Quoting harora
seems like wave 4 on the way up
Not sure about it , don't know What TF u mean

Quoting harora
price now at 4182 broken trendline support showing some resistance atm
4 hr also showing reversal
Not exactly reversal but nice retracing
  • #464,288
  • Jun 16, 2011 11:54am Jun 16, 2011 11:54am
Quoting PayTheLimit
Yea, I dont see the bullish side either. I see a makret that made a new swing low today, and I see a market that is using a lot of effort to just test yesterdays lows and close. Now that could all change, but that what I see now. I guess TF has alot to do with the discussion, I'm talking hourly....
wonder when u'll turn to green again
Hero calls followed by margin calls...
  • #464,289
  • Jun 16, 2011 11:55am Jun 16, 2011 11:55am
Quoting PhAnTi'
Attachment

still some more room to the upside before further down again and break of triangle.

in silver levels to the upside. eyeballing for 4005.

weekly close below 4115 for b/o , strong b/o close below ~4050.
above 4325 would be pretty nasty. (key point).

waiting for the highs to reload some, still dont wanna play the longside thus far.

expect daily close above 4191/2.

lets c
Jonas
Hey Jonas, why are you joining unrelated swings for your trendline (the bottom line)?

Just my 2 cents again, you are connecting a daily swing low with a weekly swing low which is usually not a good idea in my experience.

Check your swing low Jun 2010 with the Jan 2011 swing low, that will transpose the weekly trendline on the daily chart (thats what you want, don't you?) or keep your upper trendline and make a parallel line from the swing low Jun 10 and that will make a daily trendline connecting related swings (obviously you will want to see that one on H4 at least to make it tradable) .... in any case just a quick and random observation on your last charts.... good luck

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #464,290
  • Jun 16, 2011 11:57am Jun 16, 2011 11:57am
Quoting Piters
Switch to daily, mate
Yea, ok. But thats a nasty down day there yesterday, and we are struggling to trade unchanged.
Look Sharp/Trade Tight
  • #464,291
  • Jun 16, 2011 11:58am Jun 16, 2011 11:58am
Quoting sisse
I wouldn't be that confident on the long side. Sure after the Greek reports, the knee jerk reaction (last 150 ticks) are gone and it was clear for some the intraday "reversal" but now are testing the levels where good and the less lagging sellers are. After such strong move (900 ticks since the hike move and +/-600 since the retest and failure of those highs) I personally doubt that there is not going to be at least a test of today lows.

Also dollar is a complete mess FA wise (bullish) but Euro debt short term is far from gone and most importantly...
Hey sisse... absolutely, always relative to the time frame. I was on the 5m, so I grabbed the 22 pips long and ran for the hills.
  • #464,292
  • Jun 16, 2011 12:00pm Jun 16, 2011 12:00pm
Quoting 10piptrade
For the record took a long at 1.4129, base on the hour breach of the 3hr MA it was then confirm then i decided to hold it for atleast 100 pips target. will update as i go.

Also for the record i am sorry for posting my % earn on the trend i which for nobody to be intemidated by such % and decide to try it.Also i don't want come off as a show off to others, so my apology to you all. Will just make calls and update as i go
Following the current trend
  • #464,293
  • Jun 16, 2011 12:00pm Jun 16, 2011 12:00pm
Quoting Piters
OK, looking at
1. Daily drop to 4100 Support area [look back]..
2. 4H chart gave us an ABC correction with FE target at 40100
3. wait on pattern at lower TF, and 1h/15min gave a breakout of the [falling wedge], enough for me to take the first bullet..

4-Looking at weekly/daily we may see a consolidation [range] here between 4600 to 4100, until we break [probably UP] .. Cheers ...

[Charts]
Good analysis bro
1,2,3 good view and good entry but for me >> I Sell the rally only
4- Not agree about consolidation and about 4600 I don't c signal for that on my chart.

Thanks
  • #464,294
  • Jun 16, 2011 12:01pm Jun 16, 2011 12:01pm
Quoting sisse
Hey Jonas, why are you joining unrelated swings for your trendline (the bottom line)?

Just my 2 cents again, you are connecting a daily swing low with a weekly swing low which is usually not a good idea in my experience.

Check your swing low Jun 2010 with the Jan 2011 swing low, that will transpose the weekly trendline on the daily chart (thats what you want, don't you?) or keep your upper trendline and make a parallel line from the swing low Jun 10 and that will make a daily trendline connecting related swings (obviously you will want to...
yip, agree.
thanks for the insight.

fixed it
Hero calls followed by margin calls...
  • #464,295
  • Jun 16, 2011 12:02pm Jun 16, 2011 12:02pm
Quoting KiwiTrada

AU BE partial Bank 1/3 5490 15+
EU BE partial Bank 1/3 4162 20+
If you are new to Forex? Say Goodbye to your account!!
  • #464,296
  • Jun 16, 2011 12:02pm Jun 16, 2011 12:02pm
im still in this short
sometimes best look away and let it happen so i did now im 500 pips in profit

however feel like i should close however
im a trader not a fortune teller
so analyzising?
  • #464,297
  • Jun 16, 2011 12:04pm Jun 16, 2011 12:04pm
Quoting 10piptrade
For the record took a long at 1.4129, base on the hour breach of the 3hr MA it was then confirm then i decided to hold it for atleast 100 pips target. will update as i go.
like your out look on the market mi m self is waiting on more confirmation on to enter a long looks like the market wants to rally just need to hold above prices like 1.4153
  • #464,298
  • Jun 16, 2011 12:04pm Jun 16, 2011 12:04pm
Quoting Piters
Switch to daily, mate
this is what I see on daily atm: a retest of ema100 from the downside.

I just read that we might get a 'final solution' for Greece in September, so even if we range 'til then, we can have lots of fun... but I doubt the range. Let's see, where the day and the week closes.
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  • #464,299
  • Jun 16, 2011 12:04pm Jun 16, 2011 12:04pm
Quoting swano
im still in this short
sometimes best look away and let it happen so i did now im 500 pips in profit

however feel like i should close however
im a trader not a fortune teller
so analyzising?
thats the point ^^
Hero calls followed by margin calls...
  • #464,300
  • Jun 16, 2011 12:05pm Jun 16, 2011 12:05pm
Quoting 10piptrade
Good Morning everyone have been hear since morning just was watching and reading back post to see if i could help anyone, a bull run as began but still a bear reload mood with confirmation with a 4hr close above 1.4158, will put such a play into to the picture the 36MA and 48MA come in to play both at 1.4205 and 1.4269 with confirm break of these then we move on to 96MA which is currently at 1.4337. It that is broken we have run for 1.14500. But note*** once a 3hr Ma is broken bear resume
Note the 4hr as close and as also confirm my trade will continue to hold, have move my stop to 1.4149 to cover 20 pips, It was a close confirmaton reason me to cover
Following the current trend
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