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  • #532,221
  • Aug 29, 2011 2:28pm Aug 29, 2011 2:28pm
just me - but this is clutching at straws when she is just dilly daddlying around .like now - might make a soft run for R1, or do what she should do and really be making a play on the pivot @ 45 ? USDX is not providing any direction and with equities just grinding north wonder how anybody can really trade hyer properly - or maybe just my lack of tradnig skills ? ATB LBH
If in doubt, hide behind the sofa....
  • #532,222
  • Edited 3:10pm Aug 29, 2011 2:52pm | Edited 3:10pm
Quoting littlebighil
just me - but this is clutching at straws when she is just dilly daddlying around .like now - might make a soft run for R1, or do what she should do and really be making a play on the pivot @ 45 ? USDX is not providing any direction and with equities just grinding north wonder how anybody can really trade hyer properly - or maybe just my lack of tradnig skills ? ATB LBH
usdx is not not so bad shape now , recovering bit by bit from possible worst situation at least temporarily .lets hope do it .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd3.gif Size: 18 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #532,223
  • Aug 29, 2011 3:30pm Aug 29, 2011 3:30pm
Hey guys,

Can someone please teach me why it usually reverses during the US session? What is the percentage that it does this?

Thanks
  • #532,224
  • Aug 29, 2011 3:41pm Aug 29, 2011 3:41pm
Quoting Skyhawks
Hey guys,

Can someone please teach me why it usually reverses during the US session? What is the percentage that it does this?

Thanks
does it that?
would be interesting to see a statistic about this - but i think that its only normal market movements and nothing special correlated to us session
Pecunia non olet
  • #532,225
  • Aug 29, 2011 3:49pm Aug 29, 2011 3:49pm
Quoting wm-eu
does it that?
would be interesting to see a statistic about this - but i think that its only normal market movements and nothing special correlated to us session
I see what he's talking about. During Asia sessions the trend is typically up while US sessions they are down
  • #532,226
  • Aug 29, 2011 3:52pm Aug 29, 2011 3:52pm
Yea, the us does the opposite of asain/london
  • #532,227
  • Aug 29, 2011 5:07pm Aug 29, 2011 5:07pm
Quoting fontu
Price at support at last .
fontu
hey fontu

nice simple chart
take to 4hr is nice double top at good resist, I guess we looking at zone on chart, break below is bear, above bull, all other ladies, triggers, drivers, still knocking resist, so my bias still down, I have entry 4532 doji 2nd rejection of double top, will be adding if break your support, looking for longer term if pa allow will be holding as long as possible, sl above your support, if it bounce around your zone, I go mad, i go beach, sick of range crap

Happy pip hunting
If you are new to Forex? Say Goodbye to your account!!
  • #532,228
  • Aug 29, 2011 5:28pm Aug 29, 2011 5:28pm
what a shit day my two numbers were short below 4484 and long above 4545
things looking a bit greener this past few hours
Trade What You See Not What You Want To See
  • #532,229
  • Aug 29, 2011 5:33pm Aug 29, 2011 5:33pm
The EUR/USD is due for some profit-taking and will probably retrace (from its 1.4325 Friday low to as high as 1.4550) to (at least) the 38.2% Fibonacci level, located around 1.4465.
  • #532,230
  • Aug 29, 2011 5:34pm Aug 29, 2011 5:34pm
Quoting KiwiTrada
hey fontu

nice simple chart
take to 4hr is nice double top at good resist, I guess we looking at zone on chart, break below is bear, above bull, all other ladies, triggers, drivers, still knocking resist, so my bias still down, I have entry 4532 doji 2nd rejection of double top, will be adding if break your support, looking for longer term if pa allow will be holding as long as possible, sl above your support, if it bounce around your zone, I go mad, i go beach, sick of range crap

Happy pip hunting
I have attach EU 1hr & 4hr (excuse messy charts)
Note the 4hr previous rejections from level of double top, violent and good pips, maybe white circle 2nd test, is confusion bar then doji, wait and see if this double top be top for awhile, seller has defend this area very strongly
Is waiting until support break or new high what you guys think
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 30 8 2011 1hr.png Size: 30 KB
Click to Enlarge Name: EU 30 8 2011 4hr.png Size: 50 KB
If you are new to Forex? Say Goodbye to your account!!
  • #532,231
  • Aug 29, 2011 5:38pm Aug 29, 2011 5:38pm
Quoting Mr Breakout
The EUR/USD is due for some profit-taking and will probably retrace (from its 1.4325 Friday low) to (at least) the 38.2% Fibonacci level, located around 1.4465.
I hope so! l keep holding my shorts but im getting start to doubt into my perception. Europe is really dying in the debt and low liquidity but for some reason euro is getting higher and higer. German economy is getting slower and high euro is not helping selling their goods. Fundamentals says euro shoud drop, Greece is starving, Portugal is next to go bankrupt and it doesnt look good anywhere here.

Here's my whishlist:
Attached Image (click to enlarge)
Click to Enlarge Name: eutuesday.jpg Size: 201 KB
  • #532,232
  • Aug 29, 2011 5:40pm Aug 29, 2011 5:40pm
Quoting KiwiTrada
I have attach EU 1hr & 4hr (excuse messy charts)
Note the 4hr previous rejections from level of double top, violent and good pips, maybe white circle 2nd test, is confusion bar then doji, wait and see if this double top be top for awhile, seller has defend this area very strongly
Is waiting until support break or new high what you guys think
i would like to see new high
Trade What You See Not What You Want To See
  • #532,233
  • Aug 29, 2011 5:45pm Aug 29, 2011 5:45pm
Quoting SirGoodman
That's the way that I see it and I am sticking to my view and anything that works for other traders is good.
We all have our own trading style of course but in my opinion having ANY preconceived bias about the direction of the market is a dangerous thing for a trader.
  • #532,234
  • Aug 29, 2011 5:48pm Aug 29, 2011 5:48pm
Quoting Mr Breakout
We all have our own trading style of course but in my opinion having ANY preconceived bias about the direction of the market is a dangerous thing for a trader.
what about the moment you enter a trade?
  • #532,235
  • Aug 29, 2011 5:51pm Aug 29, 2011 5:51pm
Earthquake and Hurricane Irene. Fundamentally US should b getting weaker too....
  • #532,236
  • Aug 29, 2011 5:56pm Aug 29, 2011 5:56pm
Interesting convertion of sma 120 & 200 happning. Could create some movement
Attached Image (click to enlarge)
Click to Enlarge Name: usflx 4hr.gif Size: 26 KB
  • #532,237
  • Aug 29, 2011 5:58pm Aug 29, 2011 5:58pm
Quoting mario83
I hope so! l keep holding my shorts but im getting start to doubt into my perception. Europe is really dying in the debt and low liquidity but for some reason euro is getting higher and higer. German economy is getting slower and high euro is not helping selling their goods. Fundamentals says euro shoud drop, Greece is starving, Portugal is next to go bankrupt and it doesnt look good anywhere here.

Here's my whishlist:
Thanks for your input.

Personally I NEVER, EVER trade on fundamentals. I only trade what I see right now on the chart, at this moment in time.

Trust me, if fundamentals were any good at predicting the short term direction of the Forex (or any market for that matter), all the professors in economics or finance would be billionaires by now!

That said, just like you I guess I am waiting for a good buy point, mine is at 1.4440.

By the way, do you see a head and shoulders formation on the hourly chart? Well, kind of anyway.
  • #532,238
  • Aug 29, 2011 6:06pm Aug 29, 2011 6:06pm
nice charts kiwi..........I've been following the channels from the 15min tf and been scalping some nice pips..if it continues the same pattern, i think we can make it to the 1.4560-1.4580 range for a nice start for short entries...just a thought...






Quoting KiwiTrada
I have attach EU 1hr & 4hr (excuse messy charts)
Note the 4hr previous rejections from level of double top, violent and good pips, maybe white circle 2nd test, is confusion bar then doji, wait and see if this double top be top for awhile, seller has defend this area very strongly
Is waiting until support break or new high what you guys think
  • #532,239
  • Aug 29, 2011 6:09pm Aug 29, 2011 6:09pm
Quoting petehnm
nice charts kiwi..........I've been following the channels from the 15min tf and been scalping some nice pips..if it continues the same pattern, i think we can make it to the 1.4560-1.4580 range for a nice start for short entries...just a thought...

i wouldn't expect to see those ranges until frankie and london sessions....if i can continue scalping i'd like to see it go up to 1.4550 range then go down to the 1.4500 area to re enter for a long up to the 1.4560-80 range....
  • #532,240
  • Aug 29, 2011 6:10pm Aug 29, 2011 6:10pm
Quoting Mr Breakout
Thanks for your input.

Personally I NEVER, EVER trade on fundamentals. I only trade what I see right now on the chart, at this moment in time.

Trust me, if fundamentals were any good at predicting the short term direction of the Forex (or any market for that matter), all the professors in economics or finance would be billionaires by now!

That said, just like you I guess I am waiting for a good buy point, mine is at 1.4440.

By the way, do you see a head and shoulders formation on the hourly chart? Well, kind of anyway.
Well its not regular head shoulders but might be evil pip monster pattern that its forming!



Anyways, you kinda bearish to buy cheap at 4465? Hold my thumbs for this level, otherwise i need to cut my losses.
Attached Image (click to enlarge)
Click to Enlarge Name: evilpipmonster_pattern.jpg Size: 105 KB
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