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  • #534,241
  • Sep 2, 2011 10:37pm Sep 2, 2011 10:37pm
the fibo retracement i previously mentioned (from may 10 til now) is obviously pure QE.

If Bernanke announces another QE of any sort, the market will rebound and we might see eur/usd at 1.50 by year's end.

The economy is IN correction mode and if there is possibility of another QE then obviously we will see a pick up, if we don't then we might see the Eur/Usd collapse (1.36-1.33) -- and then pick up.
  • #534,242
  • Sep 2, 2011 11:17pm Sep 2, 2011 11:17pm
Quoting Emanuel
funny week ...

we end the week at exactly 1.420__ threshold: if more bearish movement is at hand, eur/usd should visit 1.41750 or thereabouts. Early 2011 August Bottoms.

we broke psychological support at 1.4316 therefore 1.43__ threshold should be indicative of subtle bullish momentum if not an exhausted result of a rather dull retracement from this week's lows; and an opportunity to short again.

I would keep an eye out for bullish retracement from 1.43__ onwards to 1.437__ and then another important resistance at 1.44 onwards.

[color=red]WE...
hi, may i ask why is 1.43 consideed e psychological level? however i must say from my chart it is a confluence of support trendlines
  • #534,243
  • Sep 2, 2011 11:27pm Sep 2, 2011 11:27pm
http://lcchong.files.wordpress.com/2...ng?w=877&h=398

http://lcchong.files.wordpress.com/2...ng?w=877&h=398
  • #534,244
  • Sep 3, 2011 12:53am Sep 3, 2011 12:53am
Morning . happy weekend for all & my weakend perhaps . anyway what a tragedy ! bear wanted bear come at channel bottom & even more breakout & still down ,levels not still reach likely come but what doing myself at breakout level changed views . perhaps play underwater need some stamina & without it floating over with life supports & care for safety !

mofu/ extension 5th continues still for 3rd times , daily tf 4th candle down confirmed the bear with huge weekly candle down & what expected or the market a weekly close below 4250 constitute a weekly level buy signal confirmation ,not taken place, may be due candle creteria not fit for with the indicator with close perfect though.if want to have it may need more weeks down & that never think possible & at least 1 week it may try best , will watch.

So lets see if to 4053 smooth run ok or not or even breaks there, as done myself anyway will maintain it, long at any bottom for safety & till recover fully.
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #534,245
  • Sep 3, 2011 1:41am Sep 3, 2011 1:41am
Quoting budak baru
looking for 4360 first.happy weekend.
maximum long to 4360.then short to 4046.
Attached Image (click to enlarge)
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  • #534,246
  • Sep 3, 2011 1:41am Sep 3, 2011 1:41am
http://lcchong.files.wordpress.com/2...ng?w=877&h=398

http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=398
  • #534,247
  • Edited 3:30am Sep 3, 2011 2:04am | Edited 3:30am
Quoting budak baru
maximum long to 4360.then short to 4046.
may be . 4237 breaks can expect primarily the bear failure starts with next target to confirm 4287 & next 4312 & over it may not back again so easily before very top play . weekly , just hit one ltl with close prices & closing above .H4 tf down but crying for bull , stoches bottom . Monthly mixed and last candle just covering most wicks down previous month having huge buyers waiting . daily in controlling power still , stoches down sharp with qqe crossed 50 .

Now what doing currencies is panic selling in most but at one time it will halt.see nfp down the record , negative , perhaps below 74 K , shy of to even give a figure & market still unable flow against usd! what a panic phobia works , flow to seemingly safe heaven!where were the investors when it was certain fall ? investors turmoils with hesitation & panic reaction will never be good for them . kill them all & come back alone , next reaction possible for market , if done last daily candle by intervention then opportunist investors likely waiting for levels it stop & buy low. 98% forex trader fail as yesterday one long term investor friend told me the figure over phone , they should mostly constitute the big investors rather petty we sheeps , 1000s of us may not even move this market .

lets see ,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #534,248
  • Sep 3, 2011 2:43am Sep 3, 2011 2:43am
Quoting egkid
Dear brother
E/U I will take this trade sell@4375
of course have plan same plan
Cya next week , will travel 4 some days
4 newbie watch and learn
I guess u got tense yesterday @NFP I'm still away enjoy sea & sun
I read my own chart and placed my trade and go away
5 positions still in play
Catch u later sea calling me
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  • #534,249
  • Sep 3, 2011 5:52am Sep 3, 2011 5:52am
I see a downtrend on eur/usd and eur/jpy for next week. but in two weeks. it will shoot up.

I see it on Daily Chart with CCI and MACD.
  • #534,250
  • Sep 3, 2011 7:03am Sep 3, 2011 7:03am
Quoting Magix

4320 area just sticks out like a sore thumb ..... bu so does 44
  • #534,251
  • Sep 3, 2011 8:16am Sep 3, 2011 8:16am
Quoting fontu
Morning . happy weekend for all & my weakend perhaps . anyway what a tragedy ! bear wanted bear come at channel bottom & even more breakout & still down ,levels not still reach likely come but what doing myself at breakout level changed views . perhaps play underwater need some stamina & without it floating over with life supports & care for safety !

mofu/ extension 5th continues still for 3rd times , daily tf 4th candle down confirmed the bear with huge weekly candle down & what expected or the market a weekly close below 4250 constitute a...
Sorry for the remedial question, but what does "mofu" stand for. Forex answer only please !
Thank You
  • #534,252
  • Sep 3, 2011 9:32am Sep 3, 2011 9:32am
Quoting cadrmn
Sorry for the remedial question, but what does "mofu" stand for. Forex answer only please !
Thank You
Mofu basicly is an area of importance. I mark mofu area´s myself when for example weekly/monthly/daily pivots are clustered in that area.
  • #534,253
  • Sep 3, 2011 9:43am Sep 3, 2011 9:43am
Quoting cadrmn
Sorry for the remedial question, but what does "mofu" stand for. Forex answer only please !
Thank You
Glad to anwser remedial question.

MoFu stands for Mothe# Fucke# where # = r. http://www.forexfactory.com/search.p...&pp=30&page=78

Forex questions only please!

Thanks
The Thief of Wall Street
  • #534,254
  • Sep 3, 2011 9:52am Sep 3, 2011 9:52am
Quoting Chicky
Glad to anwser remedial question.

MoFu stands for Mothe# Fucke# where # = r. http://www.forexfactory.com/search.p...&pp=30&page=78

Forex questions only please!

Thanks
What the.. lol.. I could have sworn someone once said they were areas of importance. Always treated them that way haha.
  • #534,255
  • Sep 3, 2011 10:07am Sep 3, 2011 10:07am
Quoting Robertk
What the.. lol.. I could have sworn someone once said they were areas of importance. Always treated them that way haha.
Gatorinla gave this new name to PPZs (Price Pivot Zones) because of high volatility in these areas. Price violently fluctuates many times going above and below these zone lines before finally breaking the range. Because of this high volatility in these PPZs many stoplosses are hit and therefore its a MoFu.
The Thief of Wall Street
  • #534,256
  • Sep 3, 2011 10:11am Sep 3, 2011 10:11am
Quoting Robertk
Mofu basicly is an area of importance. I mark mofu area´s myself when for example weekly/monthly/daily pivots are clustered in that area.
Thanks for the try , yes and no .


yes, " a term used in trading described as a mofu was coined by Gatorinla. it is used to describe an area around the 50% mark of and distance in a trading pattern. this area is prone for turns or reversals"

No , I used to use to describe the trouble /complexieties in wave patterns in vague specially 5th wave extensions type & should coincide most cases with gators views , uncertainities , can turn any sides. may show any corrective complexes or patterns.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #534,257
  • Sep 3, 2011 10:18am Sep 3, 2011 10:18am
So many charts already posted today and 1-2 more may not distract more perhaps .

eu in big picture though we are not using in regular tradings but perhaps time to know or observe soon if not now .Different pictures & views may correct it & help.

Views changes a lot from march 2009 and June 2010 as unfolding big waves UP , now no confident about to have one so soon or my life time !!

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #534,258
  • Sep 3, 2011 10:25am Sep 3, 2011 10:25am
Thanks for the explanation, the both of you
  • #534,259
  • Sep 3, 2011 10:25am Sep 3, 2011 10:25am
Damn, it ereased my post before sending it.

Looking at funds: EU still bearish until they throw our Greece from eurozone - currently looking for the best solution and when they get it they will dump greece what should have been done much more earlier. However, we all know banksters rule and first imf and ecb had to rescue germans and french banks buying trash bonds. Germans are sick of being top payer in eu zone and merkel seems to not have any other choice. Portugal and Spain next to go.

Technical: on daily chart we're still in uptrend channel until we see 1.40 if it breaks then another eu sell rally is to come.

Looking on h4 to get closer picture we still havent had real retrecement and 4150 fatpanda's level is more likely to bring real retrecement to 4280-4320-4350 or even 4370 to make lower high. Then should drop back low to get lower low, as we close to trend line. Trendlines are magnetic for price and they like to visit them from time to time. So maybe we can see low 40's. if not 4150 should be the lower low for smaller TFs and higher low for daiy chart.

attached daily and h4 chart with some levels that are important in my opinion.

Looking forward for experienced traders opinions.

have a nice weekend
cheers
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  • #534,260
  • Sep 3, 2011 10:30am Sep 3, 2011 10:30am
Quoting fontu
Thanks for the try , yes and no .


yes, " a term used in trading described as a mofu was coined by Gatorinla. it is used to describe an area around the 50% mark of and distance in a trading pattern. this area is prone for turns or reversals"

No , I used to use to describe the trouble /complexieties in wave patterns in vague specially 5th wave extensions type & should coincide most cases with gators views , uncertainities , can turn any sides. may show any corrective complexes or patterns.

[font=Arial]fontu...
Just one more thing Fontu just to be sure I´m getting this right. A few weeks ago I posted a few pictures of my charts :
http://img534.imageshack.us/img534/4938/second2.jpg

That area the 2nd CPB took place ( with 3 bull tries ) and where in the end the reversal trigger took place. I assume one can call the PA bouncing inbetween these 2 pivots a MoFu area ? Thanks in regards.
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