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  • #474,941
  • Jun 28, 2011 7:12pm Jun 28, 2011 7:12pm
ON 1hour chart is 4320,4290,4250 resistance that I can see
  • #474,942
  • Jun 28, 2011 7:13pm Jun 28, 2011 7:13pm
Quoting OldQuant
But an interesting and important part of the whole process. Good for you!
Thank you
  • #474,943
  • Jun 28, 2011 7:13pm Jun 28, 2011 7:13pm
according to m1, more bears has been presenting than bulls, breaking the bulls defence bit by bit, the question to be asked whether bulls can take it any longer?


To identify the bears exhausting point is a good buy on dip strategy. im looking at 1.433 right now.


well Short Term strategy for now
  • #474,944
  • Jun 28, 2011 7:15pm Jun 28, 2011 7:15pm
Quoting sofia101
ON 1hour chart is 4320,4290,4250 resistance that I can see

if we can even get that far, bulls might take the day because of fundies such as trichets " strong vigilance " effect and also vote most 'likely' get passed according to reuters.


edit: 4300 is a reasonable point of turn though
  • #474,945
  • Jun 28, 2011 7:16pm Jun 28, 2011 7:16pm
Quoting Faller
I trade the Euro futures.....which means are charts will be similar but not exactly the same......on my charts I get to see volume and there has been a lot of volume taking us up from 1.4089 (futures price) up to 1.4366 (futures price).....the kind of stopping volume bar 2 bars back has not been attacked to the downside for the past 8 hours......I also look at my MACD which is crossing over and spreading open as I type.....my stochs are also nicely flat lining just above 80.......which in my history indicates a further move up.......but indies are...
The H4...Samesies...

Looking at the push to topside, in that H4 candle with the volume...Yeah, I ain't gunna get into an arguement about using volume from Meta4 or any particular broker, so, let's just say I see what you saying, this as a representation or sampling of the orders.

Stopping volume or a surge through resistance.

Yellow Line, is my 200EMA, and fast EMAs are still below, thus my consideration of this as a short chart on the H4.

Now we haven't bought to the actual trendline, but a push during Chino and London will put all active sessions buying the same top, at that trendline. If there is a rejection there, again, Trigger to downside would mean that they don't have to wait for NY to hit again and price can continue to fall like rain.

For the most part, I really don't throw a lot of credence into the trendline thang...In fact, the picture I am attaching is my idea of the relevance of the averages traders trendlines are in this market, as usefull as a picture of "A Monkey throwing Dung"...

Anyways...Color me the Euro Bear, but we sure seem to be playing a lot like last week. Same 100 drop off the hop, same buy back up, same cruising on past resistance areas and have come into todays action...

Buys to the line, but no mo...

We shall see when London and Asian session back fill longs what the reaction will be like, but in all honesty...I am looking for this bitch to hit the daily 200, and this seems as good as any line in the sand.

Chart with volume.
Monkey flinging fistfull of shit.
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Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #474,946
  • Jun 28, 2011 7:16pm Jun 28, 2011 7:16pm
Quoting EdgarNg
according to m1, more bears has been presenting than bulls, breaking the bulls defence bit by bit, the question to be asked whether bulls can take it any longer?


To identify the bears exhausting point is a good buy on dip strategy. im looking at 1.433 right now.


well Short Term strategy for now
I will wait a little see what the price doing to do ,no bias just follow the market
  • #474,947
  • Jun 28, 2011 7:18pm Jun 28, 2011 7:18pm
Quoting EdgarNg
if we can even get that far, bulls might take the day because of fundies such as trichets " strong vigilance " effect and also vote most 'likely' get passed according to reuters.


edit: 4300 is a reasonable point of turn though
So ED,

Do you think if the they get the Vote E/u will go up. Do you think a big shoot.

Thanks.
KC.
  • #474,948
  • Jun 28, 2011 7:18pm Jun 28, 2011 7:18pm
Quoting EdgarNg
if we can even get that far, bulls might take the day because of fundies such as trichets " strong vigilance " effect and also vote most 'likely' get passed according to reuters.


edit: 4300 is a reasonable point of turn though
i agreed....
but QE2 ends tommorrow...
Patience, Emotion Control and Discipline.
  • #474,949
  • Jun 28, 2011 7:19pm Jun 28, 2011 7:19pm
Quoting smurfs
while you on the road, keep hold your euro's short until you reach 1.3825

500 pips ?

not a bad idea
dead slow process for the next week or so -

Sounds great....
  • #474,950
  • Jun 28, 2011 7:21pm Jun 28, 2011 7:21pm
Pulling back then odds are it'll turn back up and continue with the uptrend so long lower might work out, or might fail.

To expensive SL wise to go long here, to risky to go Short in a uptrend.


All good fun!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #474,951
  • Jun 28, 2011 7:22pm Jun 28, 2011 7:22pm
Quoting EdgarNg
if we can even get that far, bulls might take the day because of fundies such as trichets " strong vigilance " effect and also vote most 'likely' get passed according to reuters.


edit: 4300 is a reasonable point of turn though
Could be my charts move with the PA ,so no set opinion ,it is what I see for now
  • #474,952
  • Jun 28, 2011 7:23pm Jun 28, 2011 7:23pm
Quoting sparkziv
waiting for long at 1.4089 and short at 1.4220 if rebound
will buy at 1.4276, TP 1.4420
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  • #474,953
  • Jun 28, 2011 7:26pm Jun 28, 2011 7:26pm
We all know where this is going if it is a NO vote, but that probably isn't going to happen. But a YES vote?

Zero Hedge alert, but just a refresher of what happened when Greece got their first bailout a year ago...including a €110 billion loan...

What The First Greek Bailout Can Predict About Market's Direction Over The Next Few Days

Add in the fact that the half-life of interventions seems to be getting less and less these days...and well... WHO KNOWS!

Can't help but favor the south myself. Will long if it presents itself, but with little conviction, I'm afraid.
  • #474,954
  • Jun 28, 2011 7:27pm Jun 28, 2011 7:27pm
Quoting Turveyd
Pulling back then odds are it'll turn back up and continue with the uptrend so long lower might work out, or might fail.

To expensive SL wise to go long here, to risky to go Short in a uptrend.


All good fun!!
Currently in the middle of the action to be sure Turv...

A drop to support or a surge to the top...chino will play what chino will play...

Support line is on the 15/5s as clear as day, was a double top that got bought...coincidentally Chino Previous high...

So, the real question is always the same...do we buy up to crush down, or do we find support to launch topside to bounce back down?

TOTs are in favs of the M1 downs...where the M5 is still in counters...

A drip to walk the dog...we see it almost everyday, why not today...a surge from there...why the hell not...

The M5/15 support test...oh, you better believe it my friend....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #474,955
  • Jun 28, 2011 7:27pm Jun 28, 2011 7:27pm
Quoting KCV
I am in A/u and N/u....looks like E/u also will go up till 10Pm Est..
50+ in A/U target 1.0560 15Pip more

Closed N/u at 20+
  • #474,956
  • Jun 28, 2011 7:27pm Jun 28, 2011 7:27pm
Quoting KCV
So ED,

Do you think if the they get the Vote E/u will go up. Do you think a big shoot.

Thanks.
KC.

Yes, you see obviously whats happening right now, why has it been so bullish for the past few days, since last friday, suddenly rush of bulls coming in? even though greek is bound to fail? Everything is in your charts Friday was the point of turn and monday confirmed it. then tuesday further boost. so whats going to happen today? EW theory? think back. investor psychology

Now we are in the upper middle of 1.45 and 1.40 both strong magnetic points agree?

Why did trichet boost EU up, obviously they want it to go up, there will be alot of speculators. if the package once passed, it will go 45 for sure if not 40.

this few days the PA is very normal before events like this,a mess. just market doing their thing.
  • #474,957
  • Jun 28, 2011 7:32pm Jun 28, 2011 7:32pm
Quoting EdgarNg
according to m1, more bears has been presenting than bulls, breaking the bulls defence bit by bit, the question to be asked whether bulls can take it any longer?


To identify the bears exhausting point is a good buy on dip strategy. im looking at 1.433 right now.


well Short Term strategy for now

you base that all on the one minute chart? wow.....take a look at gold popping higher and higher.......gold up.....us dollar down.........us dollar down......euro up.....
I don't trust any move - when you have profit...take it.
  • #474,958
  • Jun 28, 2011 7:32pm Jun 28, 2011 7:32pm
Quoting EdgarNg
Yes, you see obviously whats happening right now, why has it been so bullish for the past few days, since last friday, suddenly rush of bulls coming in? even though greek is bound to fail? Everything is in your charts Friday was the point of turn and monday confirmed it. then tuesday further boost. so whats going to happen today? EW theory? think back. investor psychology

Now we are in the upper middle of 1.45 and 1.40 both strong magnetic points agree?

Why did trichet boost EU up, obviously they want it to go up, there will be alot of speculators....

Ty Ed. Good analysis.

KC.
  • #474,959
  • Jun 28, 2011 7:33pm Jun 28, 2011 7:33pm
15 and the 30 are in b/o mode. they close below what was needed. 1h needs below 54 close.
those who can, do. those who cant, talk about those who can
  • #474,960
  • Jun 28, 2011 7:36pm Jun 28, 2011 7:36pm
Quoting Faller
you base that all on the one minute chart? wow.....take a look at gold popping higher and higher.......gold up.....us dollar down.........us dollar down......euro up.....

because volume was low and not much of PA can be seen, thus the only thing that we can read is that for very very short term reaction.

i agree us dollar is going down, thats why i had a 1.433, US dollar can go up abit too. like really short term, read 'short term'. as in, right now.

43415, fib 38.2 is holding it now. possible double bottom but most likely not cause more bears coming in. yes m1 chart .

AGAIN , i could be WRONG. just my opinion.
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