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EURUSD

  • #530,241
  • Aug 24, 2011 6:48am Aug 24, 2011 6:48am
short from 1.4480 i think down trend start
  • #530,242
  • Aug 24, 2011 6:50am Aug 24, 2011 6:50am
Break
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 67 KB
  • #530,243
  • Aug 24, 2011 6:52am Aug 24, 2011 6:52am
Quoting Myrza
Break
*Snap*
  • #530,244
  • Aug 24, 2011 6:58am Aug 24, 2011 6:58am
1.44317 is significant. If passed it may go down further, otherwise bounce.
  • #530,245
  • Aug 24, 2011 7:03am Aug 24, 2011 7:03am
Quoting Mr.MaginCole
No doubt we will touch 1.45........issue is how far down will we go on reverse gear?? 1.438 perhaps??
as i said nothing is for sure in FOREX,

it looks like short term up move is done,
rejected from 23.8% FIBO
lets see it it holds 4390 if breaks then 42XX is possible soon.

Trade Wisely..
Don't compare your Trades with Others
  • #530,246
  • Aug 24, 2011 7:05am Aug 24, 2011 7:05am
Quoting inception
1.44317 is significant. If passed it may go down further, otherwise bounce.
i got 4429 and 4426 or 44275 to be anal retentive
  • #530,247
  • Aug 24, 2011 7:07am Aug 24, 2011 7:07am
Quoting DubaiFX
as i said nothing is for sure in FOREX,

it looks like short term up move is done,
rejected from 23.8% FIBO
lets see it it holds 4390 if breaks then 42XX is possible soon.

Trade Wisely..
it needs to pass 1.4350 to go further south - its quite strong S/R these days for eu.

Considering going short if it hits 4225 - is it good idea?
  • #530,248
  • Aug 24, 2011 7:09am Aug 24, 2011 7:09am
Quoting inception
1.44317 is significant. If passed it may go down further, otherwise bounce.
Still lingering around this point. PA can't make up its "mind"...
  • #530,249
  • Aug 24, 2011 7:10am Aug 24, 2011 7:10am
new lows again hold and go girls
If you are new to Forex? Say Goodbye to your account!!
  • #530,250
  • Aug 24, 2011 7:10am Aug 24, 2011 7:10am
Quoting mario83
it needs to pass 1.4350 to go further south - its quite strong S/R these days for eu.

Considering going short if it hits 4225 - is it good idea?
yes yes

go short when it hits 1.2500 till then sit and wait

or go long when it hits 1.6500 till then sit and wait

  • #530,251
  • Aug 24, 2011 7:12am Aug 24, 2011 7:12am
EU has formed a massive triangle on daily charts...

There will be on side movement of 800+ pips.
  • #530,252
  • Aug 24, 2011 7:14am Aug 24, 2011 7:14am
Quoting ultra_knight
EU has formed a massive triangle on daily charts...

There will be on side movement of 800+ pips.
why 800+ ? reason plz
  • #530,253
  • Aug 24, 2011 7:15am Aug 24, 2011 7:15am
Quoting hindustani
yes yes

go short when it hits 1.2500 till then sit and wait

or go long when it hits 1.6500 till then sit and wait

your post was kind of useless garbage.
  • #530,254
  • Aug 24, 2011 7:15am Aug 24, 2011 7:15am
Quoting KiwiTrada
new lows again hold and go girls

Nice...Girls finally move their ass..
Patience, Emotion Control and Discipline.
  • #530,255
  • Aug 24, 2011 7:18am Aug 24, 2011 7:18am
Watching for that durable goods news, strong numbers could make this thing plummet.
  • #530,256
  • Aug 24, 2011 7:20am Aug 24, 2011 7:20am
Quoting QweeQwa
Nice chart.

But what exactly are you trying to foretell with it?
it is a basic reversal formation...BUT we still need a break of 4434 (h1 Breakout bar) on hourly for a smoother move down
  • #530,257
  • Aug 24, 2011 7:20am Aug 24, 2011 7:20am
Quoting inception
1.44317 is significant. If passed it may go down further, otherwise bounce.
Turning point it was.
  • #530,258
  • Aug 24, 2011 7:20am Aug 24, 2011 7:20am
Quoting inception
Still lingering around this point. PA can't make up its "mind"...

good call, now how big bounce???
If you are new to Forex? Say Goodbye to your account!!
  • #530,259
  • Aug 24, 2011 7:21am Aug 24, 2011 7:21am
Sorry, what did I mis out on where when your post was just a few minutes ago?

Quoting snprr
I'm short from 1.2176 sl: 1.2265. I took the position Friday
morning around 8AM EST. I wanted to trail the stop, but
fell asleep because of whacky sleeping patterns last week.
Luckily price didnt suddenly reverse on me through my stop
again. I'm thinking about moving the s/l asap to 1.2170, about
breakeven. I'll cover on another bounce around 1.1205 area,
but I'd like to leave the trade open and hopefully make some
decent gains on a break below 1.2060 area. I wish I wouldve
gotten in earlier, but have been focusing on the GBPUSD and
USDCHF...
  • #530,260
  • Aug 24, 2011 7:22am Aug 24, 2011 7:22am
Quoting KiwiTrada
good call, now how big bounce???
Significant on a 1 to 2 hours range.
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