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  • #2,581
  • Sep 6, 2011 9:10am Sep 6, 2011 9:10am
Closed now )))))

1.398 should hold
I am surprised that we have not seen any bounce back up, this would be ideal -> The daily looks like an inverted hammer so far.
I'm struggling not to enter a trade now. This has been a very good day so probably better not to spoil it now


Quoting BrunargarFx
Short from 1.4085 still running - will cover shortly
  • #2,582
  • Sep 6, 2011 9:11am Sep 6, 2011 9:11am
Dear fellow traders ...

I just want to give you a small info based on these charts ...

EUR/USD with TL channels and Fibo-Fan from LOW 2010 (1.1874) ...

In this case 3-Day; 2-Day; 1-Day view ...

We are testing a significant trendline supports there on a daily basis ...

A daily close above 1.399x - 1.3955 is important for further development ...



;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-09-06_17h51_ EURUSD _ x3 Day _ (200) candle + Pivots + MA.PNG Size: 45 KB
Click to Enlarge Name: 2011-09-06_17h51_ EURUSD _ x2 Day _ (200) candle + Pivots + MA.PNG Size: 47 KB
Click to Enlarge Name: 2011-09-06_17h54_ EURUSD _ x1 Day _ (200) candle + Pivots + MA.PNG Size: 41 KB
Click to Enlarge Name: 2011-09-06_17h56_ EURUSD _ xDaily _ (200) candle + Pivots + MA.PNG Size: 37 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,583
  • Sep 6, 2011 9:31am Sep 6, 2011 9:31am
Quoting mercy seat
Dear fellow traders ...

I just want to give you a small info based on these charts ...

EUR/USD with TL channels and Fibo-Fan from LOW 2010 (1.1874) ...

In this case 3-Day; 2-Day; 1-Day view ...

We are testing a significant trendline supports there on a daily basis ...

A daily close above 1.399x - 1.3955 is important for further development ...



;-|
Yes. Looking at the Daily....38 Fib from 06/06/2010 low to 05/04/2011 High is at 1,3780-90....so just a little below the current low of the summer consolidation area. If we dive below 1,3900 1.3780 ish could be seen.... In any ways, this move is creating the usual sentiment and will be retraced 100%.
  • #2,584
  • Sep 6, 2011 9:45am Sep 6, 2011 9:45am
Attached is my chart

There is a pb with my platform and levels (figured that out when looking at LTF) but I have a good support at 1.3980. If breached, pretty much nothing until 1.384 - 1.3875 area....

If you are into Indies RSI and CCI are oversold on daily (and other TF as well. But because we are in a downtrend they are not that relevant (would only look at an overbought signal in a downtrend).

Now would be a good time for a retrace (inverted hammer)...


Quoting BrunargarFx
Hi all,
I wastrying to post a chart but FF is making it difficult.
I am looking at the daily and see that we have that strong LTL coming up at 1.400, along with a former UTL now acting as support.
If this breaks, it will be a break of the triangle formation we've been referring to for the past few months and we should see 1.384 and possibly 1.345.

I was surprised by the intervention today but had a long order since yesterday: So managed to get some pips on the way up (too bad it went short 19 pips from my TP at 1.43 - wasn't even in front of comp...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD060911.jpg Size: 233 KB
  • #2,585
  • Sep 6, 2011 9:57am Sep 6, 2011 9:57am
So obviously most of you are trying or hoping to catch the bottom of this move to go long for various reasons, but I somehow cannot convince myself that a trend reversal is about to take place anytime soon.
I could have a comfortable feeling knowing that we'll pierce through 1.37 by Friday.

But than again it could take a bit longer then that, all I do think is we can forget about 1.4200 for the next couple of weeks or months, or years...

Anyway, I wouldn't want to try to pick a bottom here just yet, literally no reason to do that, other then out of spite!
Attached Image (click to enlarge)
Click to Enlarge Name: eu07092.gif Size: 34 KB
Don't get mad, get even!
  • #2,586
  • Sep 6, 2011 10:06am Sep 6, 2011 10:06am
As for myself, not so much trying to pick a bottom than to get a good R:R ratio. This is counter trading and so risky.
I am not saying that I would be successful at it but this looks like a v. good place to put a long.

But for teh moment, it looks like it's willing to go lower...
So no long for me yet and no short either as I closed my last short (will need a pullback before re-entering)

Quoting stulic
So obviously most of you are trying or hoping to catch the bottom of this move to go long for various reasons, but I somehow cannot convince myself that a trend reversal is about to take place anytime soon.
I could have a comfortable feeling knowing that we'll pierce through 1.37 by Friday.

But than again it could take a bit longer then that, all I do think is we can forget about 1.4200 for the next couple of weeks or months, or years...

Anyway, I wouldn't want to try to pick a bottom here just yet, literally no reason to do that, other then...
  • #2,587
  • Sep 6, 2011 10:06am Sep 6, 2011 10:06am
Tomorrow the German Constitutional Court will deliver its verdict on the Greek Bailout. While the court is not expected to declare the contributions illegal, it could likely put severe restrictions on Germanys future participation on those handouts. This could make future financial aid to Greece very difficult indeed as the current situation is already spiraling out of control. It is my believe that should the court tomorrow render a verdict along these lines a Greek exit from the EMU will be imminent.
  • #2,588
  • Sep 6, 2011 10:11am Sep 6, 2011 10:11am
Quoting SirMcPip
Tomorrow the German Constitutional Court will deliver its verdict on the Greek Bailout. While the court is not expected to declare the contributions illegal, it could likely put severe restrictions on Germanys future participation on those handouts. This could make future financial aid to Greece very difficult indeed as the current situation is already spiraling out of control. It is my believe that should the court tomorrow render a verdict along these lines a Greek exit from the EMU will be imminent.
Yes ... thank you for your reply ...

Gives me the thankful feeling that this is not only a oneway road here ...

2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,589
  • Sep 6, 2011 10:12am Sep 6, 2011 10:12am
Quoting mercy seat
Yes ... thank you for your reply ...

Gives me the thankful feeling that this is not only a oneway road here ...

Sure feels like it, dont it
  • #2,590
  • Sep 6, 2011 10:14am Sep 6, 2011 10:14am
Quoting BrunargarFx
Attached is my chart

There is a pb with my platform and levels (figured that out when looking at LTF) but I have a good support at 1.3980. If breached, pretty much nothing until 1.384 - 1.3875 area....

If you are into Indies RSI and CCI are oversold on daily (and other TF as well. But because we are in a downtrend they are not that relevant (would only look at an overbought signal in a downtrend).

Now would be a good time for a retrace (inverted hammer)...

3968 (strong)
3904
3865
3818
3760 (strong, fib confluences)

All levels weeklys
  • #2,591
  • Sep 6, 2011 10:14am Sep 6, 2011 10:14am
Thanks for the headsup!


Quoting SirMcPip
Tomorrow the German Constitutional Court will deliver its verdict on the Greek Bailout. While the court is not expected to declare the contributions illegal, it could likely put severe restrictions on Germanys future participation on those handouts. This could make future financial aid to Greece very difficult indeed as the current situation is already spiraling out of control. It is my believe that should the court tomorrow render a verdict along these lines a Greek exit from the EMU will be imminent.
  • #2,592
  • Sep 6, 2011 10:15am Sep 6, 2011 10:15am
Do you happen to know when the decision will be made?
Quoting BrunargarFx
Thanks for the headsup!
  • #2,593
  • Sep 6, 2011 10:19am Sep 6, 2011 10:19am
Quoting infinitus
3968 (strong)
3904
3865
3818
3760 (strong, fib confluences)

All levels weeklys
Ja schön ...

But how about some strategical thoughts based on your levels ...?

What you think FINI ???


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,594
  • Sep 6, 2011 10:20am Sep 6, 2011 10:20am
Nice to see you btw ...

Not only as a silent reader ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,595
  • Sep 6, 2011 10:21am Sep 6, 2011 10:21am
Quoting SirMcPip
Tomorrow the German Constitutional Court will deliver its verdict on the Greek Bailout. While the court is not expected to declare the contributions illegal, it could likely put severe restrictions on Germanys future participation on those handouts. This could make future financial aid to Greece very difficult indeed as the current situation is already spiraling out of control. It is my believe that should the court tomorrow render a verdict along these lines a Greek exit from the EMU will be imminent.
I hope we all know what consequences it would have for any EUR-pair.
Don't get mad, get even!
  • #2,596
  • Sep 6, 2011 10:22am Sep 6, 2011 10:22am
Quoting BrunargarFx
Do you happen to know when the decision will be made?
As it looks like 10am European Time. They probably will talk some before it hits the wires though. I am not sure if we see a major reaction initially because i do not expect the verdicts to be too much off what is expected...but then i might be wrong. But it will have a significant effect on the future of the EU over the short and medium term....i dont think we have to talk long term anymore ....no matter what the court will say.
  • #2,597
  • Sep 6, 2011 10:22am Sep 6, 2011 10:22am
Thanks for this infinitus.

I have a pb with the feed in my charts
Will keep that level of 3968 for reference.
I put a sneaky long at 1.3979 with 20 pips SL
Target 1.4040

Quoting infinitus
3968 (strong)
3904
3865
3818
3760 (strong, fib confluences)

All levels weeklys
  • #2,598
  • Sep 6, 2011 10:23am Sep 6, 2011 10:23am
Quoting stulic
So obviously most of you are trying or hoping to catch the bottom of this move to go long for various reasons, but I somehow cannot convince myself that a trend reversal is about to take place anytime soon.
I could have a comfortable feeling knowing that we'll pierce through 1.37 by Friday.

But than again it could take a bit longer then that, all I do think is we can forget about 1.4200 for the next couple of weeks or months, or years...

Anyway, I wouldn't want to try to pick a bottom here just yet, literally no reason to do that, other then...
So right!!!

If this is the eventually wave 3 of a wave C (down) (C wave should carry us sub 1.18, ideally in my count parity), then the subwave 1 of this wave 3 should ideally target 278x or below. Since we are in a wave 3 do not expect much of retracements.
  • #2,599
  • Sep 6, 2011 10:24am Sep 6, 2011 10:24am
E/U What next
Anyone want to talk ??
The chart keep flow me with set up
  • #2,600
  • Sep 6, 2011 10:28am Sep 6, 2011 10:28am
Indeed - no talk for long term anymore...
Thanks for the time!

Quoting SirMcPip
As it looks like 10am European Time. They probably will talk some before it hits the wires though. I am not sure if we see a major rection initially because i do not expect the verdicts to be too much off what is expected...but then i might be wrong. But it will have a significant effect on the future of the EU over the short and medium term....i dont think we have to talk long term anymore ....no matter what the court will say.
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