Don't be a hero. Don't have an ego. Always question yourself
- #491,081
- Jul 15, 2011 9:04am Jul 15, 2011 9:04am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
- #491,083
- Jul 15, 2011 9:05am Jul 15, 2011 9:05am
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #491,089
- Jul 15, 2011 9:14am Jul 15, 2011 9:14am
Closed 3 sell position at 1.4106..let other 2 sell position open till it reach my TP2 if possible
thanks
http://i1214.photobucket.com/albums/.../forex/eu5.gif
- #491,090
- Jul 15, 2011 9:15am Jul 15, 2011 9:15am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
- #491,091
- Jul 15, 2011 9:15am Jul 15, 2011 9:15am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
hey folks...
couldnt spend any time charting/trading this week due fuckin back inflammation and an additional influenzia .... well I'm almost alive and kicking again...
anyway couldnt follow any news,figures and other fundamentals this week, so here is my technical headsup.....
in my opinion we do need a strong daily close below 1.3970-1.4 area to confirm the downtrend.Basicly we stay in bear mode on the daily as long as we dont have a HH forming and descending TL isnt be broken, (daily close above 1.458x/1.46 level).
See orange triangle.
i split the H4 frame into three parts, May,June and July. price labels mark monthly highs and lows.Take the ranges.....
overall the presure keeps to the downside with italy bail-out/debts etc. in the back this baby might run next week again.
Anyway us dollar in big trouble as well, Moody's lurking around and playing the important role here after downgrading Greece,Portugal and Irland.
All we need for more downside from FA side is either an official statement from ECB that they accept greece debts and won't execute the bail-out (well actually they even agreed to help em etc. ... but who knows) or another downgrade from Moodys,Standard and Poors or Fitch Ratings ( i prefer Moodys here
) of italy or a far stronger dollar, which is pretty unlikely in the near future in my opinion.... OR a failed stress test later
but hey ! What the hell do i know, keep to your charts and take it intraday
Well a weekly close below 4040 today would be a start imho, but London will close shortly and take the cash from the table, dont expect another 80-100 pip drop.
Whoever disagress with this TA/FA should immediately quote,respond to and criticize my thoughts.....appreciate any other inputs and insights.
Take care and a nice weekend
Jonas
couldnt spend any time charting/trading this week due fuckin back inflammation and an additional influenzia .... well I'm almost alive and kicking again...
anyway couldnt follow any news,figures and other fundamentals this week, so here is my technical headsup.....
in my opinion we do need a strong daily close below 1.3970-1.4 area to confirm the downtrend.Basicly we stay in bear mode on the daily as long as we dont have a HH forming and descending TL isnt be broken, (daily close above 1.458x/1.46 level).
See orange triangle.
i split the H4 frame into three parts, May,June and July. price labels mark monthly highs and lows.Take the ranges.....
overall the presure keeps to the downside with italy bail-out/debts etc. in the back this baby might run next week again.
Anyway us dollar in big trouble as well, Moody's lurking around and playing the important role here after downgrading Greece,Portugal and Irland.
All we need for more downside from FA side is either an official statement from ECB that they accept greece debts and won't execute the bail-out (well actually they even agreed to help em etc. ... but who knows) or another downgrade from Moodys,Standard and Poors or Fitch Ratings ( i prefer Moodys here
) of italy or a far stronger dollar, which is pretty unlikely in the near future in my opinion.... OR a failed stress test laterbut hey ! What the hell do i know, keep to your charts and take it intraday
Well a weekly close below 4040 today would be a start imho, but London will close shortly and take the cash from the table, dont expect another 80-100 pip drop.
Whoever disagress with this TA/FA should immediately quote,respond to and criticize my thoughts.....appreciate any other inputs and insights.
Take care and a nice weekend
Jonas
Hero calls followed by margin calls...
- #491,092
- Jul 15, 2011 9:17am Jul 15, 2011 9:17am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #491,095
- Jul 15, 2011 9:19am Jul 15, 2011 9:19am
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
- #491,096
- Jul 15, 2011 9:19am Jul 15, 2011 9:19am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
knock knock 
If you are new to Forex? Say Goodbye to your account!!
- #491,097
- Jul 15, 2011 9:22am Jul 15, 2011 9:22am
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
