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  • #522,821
  • Aug 15, 2011 5:22am Aug 15, 2011 5:22am
Quoting Mr Breakout
That "downtrend" you are seeing? Very simple explanation, the EUR/USD is reaching for the gap created since the Sunday open, that's all.

Now i got you... sure you didn't mix up the moonphase?
  • #522,822
  • Aug 15, 2011 5:22am Aug 15, 2011 5:22am
Quoting psiholog
Lesson for all that have not been in the markets since 2008. We are facing economic recession. This recession is global. The hardest hit will be Europe because they do not have the luxury to print money as the US so easily does. Spain down the toilet, Italy down the toilet, and eventually the whole Eurozone down the toilet. Value of their currency?....worthless. This scenario is not 2008....its worse....and the ones who will be on top will be the Chinese except they dont want a strong currency, which keeps the dollar in play since Gold which is...
Hello Psi,

could not say it better :-)

Maybe this reading is of interest:

http://theautomaticearth.blogspot.co...re-primer.html

Best to you, Markus
  • #522,823
  • Aug 15, 2011 5:24am Aug 15, 2011 5:24am
Quoting yoursong
Now i got you... sure you didn't mix up the moonphase?
Well, you know what they say, it is not over until the fat lady sings...
(No offense to all the beautiful plump ladies here)
  • #522,824
  • Aug 15, 2011 5:27am Aug 15, 2011 5:27am
Quoting kuroro001
What pattern are you talking about ?
You said there was a reversal pattern on H1...i'm used to any kind of pattern based on LL HH etc...

I didn't see that one coming except that there was a bullish H1 candle trying to clear the high of Frankie...without success...so correction IMO
I would not have shorted that high....nor buying lol....just taking profit out of mmy long.

Cheers mate!
if you go back on almost any top reversal on EUR.. switch to lower TF 15-60min.. you 'll see some top reversal patterns.. it is a characteristic for EUR
  • #522,825
  • Aug 15, 2011 5:28am Aug 15, 2011 5:28am
Quoting Piters
mate im saying 1000 times..
pay attention on reversal tops..

patterns.. but.. well.. you know the rest..


Hehehe, patterns, momentum, channel lines :-)
  • #522,826
  • Aug 15, 2011 5:29am Aug 15, 2011 5:29am
Quoting infinitus
Hehehe, patterns, momentum, channel lines :-)

Throw in an occasional fib for some nice reloads and you got yourself something profitable......
  • #522,827
  • Aug 15, 2011 5:29am Aug 15, 2011 5:29am
Quoting cloggie
Yeah, I keep forgetting to open an account with one of these cr@p retail brokers so I can start trading this mythical gap thingymadinghy together with all the other 20 dollar retail account holders.

Remind me again on Friday please.

The trades you post are on FXCM (lol). Aren't they the very definition of "cr@p retail broker"?
We're all stories in the end. Just try to make it a good one.
  • #522,828
  • Aug 15, 2011 5:32am Aug 15, 2011 5:32am
Quoting cloggie
Hilarious, contrarian indicator works a treat again.....

Thats before the moves. Crude has only just moved in the last 1.5 hrs.

I've think crude is a good short myself.

but we will have to wait a little yet ..

You need more patience cloggie otherwise your be stuck on Microlots forever trading for 10-20 pips and ending up even more broke than you already are doing long shifts than you already have to down McDonalds
rat
  • #522,829
  • Aug 15, 2011 5:32am Aug 15, 2011 5:32am
Quoting kuroro001
What pattern are you talking about ?
You said there was a reversal pattern on H1...i'm used to any kind of pattern based on LL HH etc...

I didn't see that one coming except that there was a bullish H1 candle trying to clear the high of Frankie...without success...so correction IMO
I would not have shorted that high....nor buying lol....just taking profit out of mmy long.

Cheers mate!
EW pattern.

15min chart:

5 wave down and corrective up with fading momentum..........
  • #522,830
  • Aug 15, 2011 5:32am Aug 15, 2011 5:32am
that signal 1hour ago (see bellow post)



Quoting khizer
Euro is in short zone.
need to brake 4400 for long side.
right now short in play.
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Trade what you see, Not what you think.
  • #522,831
  • Aug 15, 2011 5:35am Aug 15, 2011 5:35am
Quoting cloggie
Throw in an occasional fib for some nice reloads and you got yourself something profitable......
yep, forgot to mention. But now they have all of our dirty tricks
  • #522,832
  • Aug 15, 2011 5:40am Aug 15, 2011 5:40am
A quick long trade on EU 5 min chart for +13. Entry and exit shown on the image.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #522,833
  • Aug 15, 2011 5:41am Aug 15, 2011 5:41am
watch for a 4296 rejection.. and h close below 4266.. st longs should not be held in this case. i c the gap crap, crap talk is available online today. confusing a move to a Friday (weekly close) close that happens many of times each week (normally). and when it happens after a weekend move it gets the gap tittle. (making it holy)...
those who can, do. those who cant, talk about those who can
  • #522,834
  • Aug 15, 2011 5:51am Aug 15, 2011 5:51am
Quoting cloggie
Yeah, I keep forgetting to open an account with one of these cr@p retail brokers so I can start trading this mythical gap thingymadinghy together with all the other 20 dollar retail account holders.

Remind me again on Friday please.

I think you should try FXCM, they bend you over and widen that weekend "gap".
  • #522,835
  • Aug 15, 2011 5:53am Aug 15, 2011 5:53am
Seriously, how many forex brokers are here to "advise" us on the direction of the euro (or any other currency pair) just to flush our stops?
  • #522,836
  • Aug 15, 2011 5:54am Aug 15, 2011 5:54am
Careful with short reloads, gu / uj have been flippin a bit too much.
  • #522,837
  • Aug 15, 2011 5:57am Aug 15, 2011 5:57am
Quoting gatorinla
watch for a 4296 rejection.. and h close below 4266.. st longs should not be held in this case. i c the gap crap, crap talk is available online today. confusing a move to a Friday (weekly close) close that happens many of times each week (normally). and when it happens after a weekend move it gets the gap tittle. (making it holy)...
short. but would not be surprised to c 4301.x... or 40 pips from today's low. since i had a 5m long sig. usually good for 40 pips. but after suspect we will be bearish.
those who can, do. those who cant, talk about those who can
  • #522,838
  • Aug 15, 2011 5:58am Aug 15, 2011 5:58am
Back to technical analysis. Since there are some serious bulls in this forum look at this food for thought. The high since the open marks the resistance. The opening "gap" level (which does not really exist) marks support. Whichever level gets broken HARD will determine the trend for the rest of the week. A break of the highs equals a large move to the upside. A break of the "gap" would mean a large move to the downside.

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Different opinions highly valued, ignorant to slander.
  • #522,839
  • Aug 15, 2011 5:59am Aug 15, 2011 5:59am
Quoting Mr Breakout
Seriously, how many forex brokers are here to "advise" us on the direction of the euro (or any other currency pair) just to flush our stops?
Back to the conspiracy theory hey?

I guress ya gotta justify your loss somehow...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #522,840
  • Aug 15, 2011 6:00am Aug 15, 2011 6:00am
Quoting Magix
Back to the conspiracy theory hey?

I guress ya gotta justify your loss somehow...


Loss? You know the deal... he would be posting that trade as a win even when it tanks 2000, comes back up again in 20 years and makes 50 after 1000 above it
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