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  • #532,161
  • Aug 29, 2011 9:39am Aug 29, 2011 9:39am
Quoting fontu
Some funny going on elsewhere , usdchf & usdjpy both strong up with weaker usdx itself. anyway they are both for great fall levels perhaps soon , specially usdchf.

while gold apparently correcting more.
fontu
i have an order to sell at 0.8275 usdchf
So get ready!
  • #532,162
  • Aug 29, 2011 9:42am Aug 29, 2011 9:42am
The untested level above is not that far away. Will only think of shorting this if 4493 hourly breakup bar is taken
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  • #532,163
  • Aug 29, 2011 9:43am Aug 29, 2011 9:43am
Downward !
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  • #532,164
  • Aug 29, 2011 9:47am Aug 29, 2011 9:47am
Quoting dvc11
Market Seems to be a bit slow today?
London is sleeping...
COT: The precious data ignored
  • #532,165
  • Aug 29, 2011 9:49am Aug 29, 2011 9:49am
Quoting kuroro001
I check multi timeframe...as i am an intraday trader it's mostly from 5mn to 60mn...60mn is my roadmap, 5mn and 15mn are my entry and exit points.

I will tell you my secret...i open a chart...and just look at it, no fancy indicators...easy isn't it.
Already 20 pips in the bag since i said that a bullish momentum was in the process.

Ok now i've got a question...about your opinion...it's just a feeling ? it's a fundamental analysis ? technical one ? I doubt there's a place for gut's feeling in forex...but we'll see if you were right

Good...
very fair answer. im interested as to the trade frequency of intraday traders so will follow your posts in this thread with more attentiveness.

for your question, im primarily basing my prediction on fundamental analysis. to put it frankly i dont like the short term economic outlook of a number of EU countries. whether or not that translates into a weakening euro this week or even next week is up for debate, whether it will result in downside risk for the euro at all is also up for debate. again, it is purely my view of the situation.

having said that, after a bit of technical analysis (1hr tf in particular) it looks like it would take some major external influences (e.g. bad economic data) to push this pair down to 4450 in the short term. who knows whether or not it will happen but thats just part of the thrill!

would like to add ive been trading for less than 12 months and i am still very much a newbie so i hope no one in this thread is mistaking my opinion for fact.
  • #532,166
  • Aug 29, 2011 9:49am Aug 29, 2011 9:49am
Usdx still have room to drop. 3 months long wick rejection looks like a compression into demand. This may make a U turn and the turn could be hard. Am watching 72.6 and 71.3
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  • #532,167
  • Aug 29, 2011 9:49am Aug 29, 2011 9:49am
@ fontu: wouldn't you rather think that $/CHF is strong since the $index is weak and it's still not going down? Anyway i have a long @ 0.80, aiming 0.8250, but a profit-taking moment will certainly come, especially in GBP/CHF.

sam
  • #532,168
  • Aug 29, 2011 9:50am Aug 29, 2011 9:50am
Quoting dvc11
Market Seems to be a bit slow today?
London closed
  • #532,169
  • Aug 29, 2011 10:06am Aug 29, 2011 10:06am
The high for the day is 1.4549 only. No new high.
Intraday only.
  • #532,170
  • Aug 29, 2011 10:13am Aug 29, 2011 10:13am
Quoting navk
The high for the day is 1.4549 only. No new high.
i'm just neutral but few hours to come til the days end
So get ready!
  • #532,171
  • Aug 29, 2011 10:14am Aug 29, 2011 10:14am
almost a free trade ,,, let see if this is it,,
cheers
aligator
born to speculate
  • #532,172
  • Aug 29, 2011 10:16am Aug 29, 2011 10:16am
Quoting navk
No new high.
Inserted Video
  • #532,173
  • Aug 29, 2011 10:18am Aug 29, 2011 10:18am
Quoting minosd
@ fontu: wouldn't you rather think that $/CHF is strong since the $index is weak and it's still not going down? Anyway i have a long @ 0.80, aiming 0.8250, but a profit-taking moment will certainly come, especially in GBP/CHF.

sam
yes not thinking but seeing it , doing otherwise irrespective of dollar doing , may be self weakness chf more than it or simple intervention prevent more fake strength .

Good luck to long , should't great even with intervention going on . usdx down but still not drowned to death yet & may not need intervention further for timebeing & so may need good correction down before UP if with breakout as limit up still may reach .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #532,174
  • Aug 29, 2011 10:20am Aug 29, 2011 10:20am
New lesson for me.. Donīt ever trade when London is closed..

PA is absolute wank / does not work @ my system.

Gl to most of you
  • #532,175
  • Aug 29, 2011 10:22am Aug 29, 2011 10:22am
Quoting QweeQwa
http://www.youtube.com/watch?v=S1ku4QUhoXk
A the good old days
Trade What You See Not What You Want To See
  • #532,176
  • Aug 29, 2011 10:25am Aug 29, 2011 10:25am
I have observed the same thing. Once London closes the ranges get tighter and not much action at all.

Quoting Robertk
New lesson for me.. Donīt ever trade when London is closed..

PA is absolute wank / does not work @ my system.

Gl to most of you
  • #532,177
  • Aug 29, 2011 10:29am Aug 29, 2011 10:29am
2 dry 5 Min candless,,, what the ,,,
born to speculate
  • #532,178
  • Aug 29, 2011 10:31am Aug 29, 2011 10:31am
Quoting Bro
i'm just neutral but few hours to come til the days end
Intraday only.
  • #532,179
  • Aug 29, 2011 10:39am Aug 29, 2011 10:39am
has every one gone to sleep
Trade What You See Not What You Want To See
  • #532,180
  • Aug 29, 2011 10:40am Aug 29, 2011 10:40am
Quoting QweeQwa
http://www.youtube.com/watch?v=S1ku4QUhoXk
My profit exit 1.4440. SL exit 1.4452. Entry 1.4525.
Intraday only.
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