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  • #464,301
  • Jun 16, 2011 12:05pm Jun 16, 2011 12:05pm
Quoting egkid
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
Hi Eg,

Same as well. Well, I will probably play a long for at least 1 more bull candle on the daily and close out EOD tomorrow. ... however, longs are nothing more than an overall retrace and should be treated as such. Still have much farther to go down IMO.

I can't just ignore the massive rejection of price on the daily straight out of a demand zone.
  • #464,302
  • Jun 16, 2011 12:08pm Jun 16, 2011 12:08pm
Quoting egkid
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
Yeah mate, that's why i said we MAY, as it is a Higher TF, and as a very possible as consolidation.. to be sure, Lets see where this week WE close.. and events from next week..
Anyway.. GL to all..
  • #464,303
  • Jun 16, 2011 12:11pm Jun 16, 2011 12:11pm
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...
the Fed is telegraphing that the economy is collapsing and that stocks needs to plunge another 20% before Operation Twist (QE3) is given a green light.
aka honcho
  • #464,304
  • Jun 16, 2011 12:12pm Jun 16, 2011 12:12pm
EgKid

Can you explain your theory or expectation from your chart analysis , i have started long , i know market is slow but expert shows long now , so please explain your theory
  • #464,305
  • Jun 16, 2011 12:14pm Jun 16, 2011 12:14pm
Quoting 10piptrade
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
Confirmation have not come the 4hr open below 1.4158 it open at 1.4152
Following the current trend
  • #464,306
  • Jun 16, 2011 12:15pm Jun 16, 2011 12:15pm
Quoting Forexman2011
EgKid

Can you explain your theory or expectation from your chart analysis , i have started long , i know market is slow but expert shows long now , so please explain your theory

think he s on about a retracement of price not a perm long as of yet
  • #464,307
  • Jun 16, 2011 12:16pm Jun 16, 2011 12:16pm
Quoting Forexman2011
EgKid

Can you explain your theory or expectation from your chart analysis , i have started long , i know market is slow but expert shows long now , so please explain your theory
profitable short term
  • #464,308
  • Jun 16, 2011 12:19pm Jun 16, 2011 12:19pm
Quoting PhAnTi'
yip, agree.
thanks for the insight.

fixed it
No problem mate. I don't use trendlines for trading but sometimes they are useful to regain north when losing perspective in longer timeframes.

In any case, here are the very rough charts just for the swing conversation (only weekly and daily) transposing monthly to weekly and to daily (and need to transpose daily to H4 to have a full picture trendline wise...lol)

sisse
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WeeklyTrend.jpg Size: 56 KB
Click to Enlarge Name: DailyTrend.jpg Size: 60 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #464,309
  • Jun 16, 2011 12:20pm Jun 16, 2011 12:20pm
Quoting KiwiTrada
AU BE partial Bank 1/3 5490 15+
EU BE partial Bank 1/3 4162 20+
EU BE partial Bank 1/3 4160 22+

AU BE partial Bank 1/3 5490 15+

Leaving remain 1/3 per trade bored shitless
going to bed
If you are new to Forex? Say Goodbye to your account!!
  • #464,310
  • Jun 16, 2011 12:20pm Jun 16, 2011 12:20pm
Quoting swano
think he s on about a retracement of price not a perm long as of yet
Anyway , i will stick to my trade and see where it will goes my friend . either winner or margin call

Long started 1.4168 Tp 1.4260

Good luck to all
  • #464,311
  • Jun 16, 2011 12:20pm Jun 16, 2011 12:20pm
Quoting Piters
Yeah mate, that's why i said we MAY, as it is a Higher TF, and as a very possible as consolidation.. to be sure, Lets see where this week WE close.. and events from next week..
Anyway.. GL to all..
Thankx
GL
  • #464,312
  • Jun 16, 2011 12:21pm Jun 16, 2011 12:21pm
Quoting kutta
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
Kutta that is a African name, i was watching for close of 1.4158 to confirm guess we close enough the same range
Following the current trend
  • #464,313
  • Jun 16, 2011 12:23pm Jun 16, 2011 12:23pm
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 see...
Hmm ... yes ... that's a grafical view for that ...

We must be aware ... that mr. market broke below significant support levels ...

On the other side ... as long as trading step by step ... we can have some points at every day unless being forced to marry a position or a "so-called" trend ...

From several news agencies (REUTERS, DJN) and several trading places we know that single sell off step (prior to London open) has been caused by STOP LOSS ORDERS ...

Which gave us nice choppy ups and downs ...

At the end of this day mr. market seems to be set for some pullback ... and we might see a closing at around yesterdays closing ...

Inside day reversal ?

I can wait ...

And as our member T@rantelmann did mention already ... we must not have on every day a big huge hump or chunk ...

Consistently is the point ...



aprox . 4 hours left until ROLLOVER ...

That's one of your beloved candles ...

And then we will find us with a fresh sample of play cards on our desks / in our hands ...

The rest is up to everyones personal skills ...

Trading skills and market estimation are two different pairs of shoes ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-16 _ (19h07 CET) EUR-USD _ x1-Daily _ 000 candle 300-500-30.GIF Size: 93 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #464,314
  • Jun 16, 2011 12:25pm Jun 16, 2011 12:25pm
Quoting Forexman2011
Anyway , i will stick to my trade and see where it will goes my friend . either winner or margin call

Long started 1.4168 Tp 1.4260

Good luck to all
at what price are you margin called?
Don't have an ego. Always question yourself and your ability.
  • #464,315
  • Jun 16, 2011 12:25pm Jun 16, 2011 12:25pm
Quoting sisse
No problem mate. I don't use trendlines for trading but sometimes they are useful to regain north when losing perspective in longer timeframes.

In any case, here are the very rough charts just for the swing conversation (only weekly and daily) transposing monthly to weekly and to daily (and need to transpose daily to H4 to have a full picture trendline wise...lol)

sisse
, thanks mate !
Hero calls followed by margin calls...
  • #464,316
  • Jun 16, 2011 12:26pm Jun 16, 2011 12:26pm
Quoting Venice
Hi Eg,

Same as well. Well, I will probably play a long for at least 1 more bull candle on the daily and close out EOD tomorrow. ... however, longs are nothing more than an overall retrace and should be treated as such. Still have much farther to go down IMO.

I can't just ignore the massive rejection of price on the daily straight out of a demand zone.
True
Thanks for your valuable points of view
For me it's time to watching , thinking , write my notes
Analysis How PA react @some point on my chart
And first of all Need cold shower after long day @work

Catch u later
  • #464,317
  • Edited 12:38pm Jun 16, 2011 12:26pm | Edited 12:38pm
Quoting Forexman2011
Anyway , i will stick to my trade and see where it will goes my friend . either winner or margin call

Long started 1.4168 Tp 1.4260

Good luck to all
I love trade, my trade started s 14170 target down anywhere

closed with +15 pips 14155

time to go home today balance +95 pips
" Accepting losses is the most important single investment devise "
  • #464,318
  • Jun 16, 2011 12:27pm Jun 16, 2011 12:27pm
Behaved nicely. h4 pivots/20/50 key as always.

yoursong
Attached Image (click to enlarge)
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  • #464,319
  • Jun 16, 2011 12:27pm Jun 16, 2011 12:27pm
Quoting Piters
Yeah mate, that's why i said we MAY, as it is a Higher TF, and as a very possible as consolidation.. to be sure, Lets see where this week WE close.. and events from next week..
Anyway.. GL to all..
hi -

ye same view here- longs better option as we are at the bottom at the range or near the bottom .

G.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-16_1922.png Size: 50 KB
  • #464,320
  • Jun 16, 2011 12:28pm Jun 16, 2011 12:28pm
Quoting yoursong
Behaved nicely. h4 pivots/20/50 key as always.

yoursong
Hero calls followed by margin calls...
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