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  • #546,761
  • Oct 4, 2011 12:27pm Oct 4, 2011 12:27pm
Quoting Delpes
Dexia news already in the charts?
Lost 20 pips today coz i couldn't believe the upmovement
Maybe.

T.


Quoting sisse
OK I see. I.....
"I know one thing, that I know nothing." Sokrates
  • #546,762
  • Oct 4, 2011 12:30pm Oct 4, 2011 12:30pm
EU just completed fibo 61.8 retracement from last tf h4 high 1.3377 to low 1.3144. Back to where it belongs. Downwards.
  • #546,763
  • Oct 4, 2011 12:36pm Oct 4, 2011 12:36pm
Quoting factorof2
I've been doing the same all morning, I'm looking at the 5M chart with just a fibonacci on it because it every time I throw it on the PA really seems to bounce off it as you might expect. As a matter of fact, my next target was also 1.3240x at the 50 retrace on this last big gain for the euro. Right now it's boucing off the 61.8 at 1.3259. I'm hoping to catch a decent size move like that in the next hour or two.
I've stopped using fibos...
I'm looking at 1,336x for my next trade, but i'm not positionned yet..waiting for a descent long signal

About your 1,324x if it goes through it we're heading for 1,3200. Dunno if we'll test that area..anyway time will tell and let's wait
COT: The precious data ignored
  • #546,764
  • Oct 4, 2011 12:38pm Oct 4, 2011 12:38pm
Quoting kuroro001
I've stopped using fibos...
I'm looking at 1,336x for my next trade, but i'm not positionned yet..waiting for a descent long signal

About your 1,324x if it goes through it we're heading for 1,3200. Dunno if we'll test that area..anyway time will tell and let's wait
I use them sparingly. Having been in mathematics as a student I'm a little more convinced that fibos are essentially just self-fulfilling prophecies rather than some incredibly deep market pattern.
  • #546,765
  • Oct 4, 2011 12:46pm Oct 4, 2011 12:46pm
Bears should watch out at this point
COT: The precious data ignored
  • #546,766
  • Oct 4, 2011 12:48pm Oct 4, 2011 12:48pm
guys it is time to sell for all the rise
  • #546,767
  • Oct 4, 2011 12:57pm Oct 4, 2011 12:57pm
Short at 1.3310, TP 1.3210

Shorter timeframes give correction signals, 4 hour still very bearish however.
  • #546,768
  • Oct 4, 2011 12:58pm Oct 4, 2011 12:58pm
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
made 50 pips today after covering my losses. Having a SL get hit is not nice but then you just get back in and get the pips back. The strong move up when NYC opened was a no-brainer and it gave a nice run up. Am so relieved about that. I have just gone in short from 3260 / tp 3190 / SL @ 3280 as I see its giving it all back again....good ol' dollar....
The forex market has its own life and takes its own time.
  • #546,769
  • Oct 4, 2011 1:01pm Oct 4, 2011 1:01pm
mmmm. Many broken Stop loss below 3250
  • #546,770
  • Oct 4, 2011 1:01pm Oct 4, 2011 1:01pm
im still keeping my bearish biased... as i explained today was a test for the H4 EMA14 curve, and we have a surefire rejection... expect to go further down...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #546,771
  • Oct 4, 2011 1:04pm Oct 4, 2011 1:04pm
where this euro is heading to? 3185 again or is it fake brake of 3250? im stuck with my long and wondering if i should already dump it or not. Some help from experience traders much welcome.


Merkel just said greek default is not an option
  • #546,772
  • Oct 4, 2011 1:06pm Oct 4, 2011 1:06pm
Honestly I dont see a good reason for short with this kind of pattern,am might long again and looking next entry especially if today bar close higher than previous one,anyway close my long @ 13170 for 130 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 27 KB
If there was easy money lying around,no one would be forcing it into your
  • #546,773
  • Edited 1:24pm Oct 4, 2011 1:12pm | Edited 1:24pm
Attached is daily chart with some of possible scenario for tomorrow - Looking how below red lines test again - I am flat now till tomorrow

see you guys
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 32 KB
If there was easy money lying around,no one would be forcing it into your
  • #546,774
  • Oct 4, 2011 1:15pm Oct 4, 2011 1:15pm
i am not very experienced, but I think will stop at 3222 ore 3200
  • #546,775
  • Oct 4, 2011 1:22pm Oct 4, 2011 1:22pm
H4 tested high EMA 14, tested and rejected, classic small retracement for a further bear continuation... good luck to the bulls around...... i wouldnt wana be them...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #546,776
  • Oct 4, 2011 1:23pm Oct 4, 2011 1:23pm
gold tp perfect but usdx taking more up than expected & eu likely down , will wait for 1 more another better eu long already there .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd19.gif Size: 5 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #546,777
  • Oct 4, 2011 1:27pm Oct 4, 2011 1:27pm
Quoting fontu
gold tp perfect but usdx taking more up than expected & eu likely down , will wait for 1 more another better eu long already there .
fontu
Hi Fontu, do you believe we've got a change for another up rally to 3320-3380? or we should head south further with the main trend?

thanks
  • #546,778
  • Oct 4, 2011 1:28pm Oct 4, 2011 1:28pm
Quoting secretagogue
i am not very experienced, but I think will stop at 3222 ore 3200

Ya, it is possible support between 3211 to 3224
  • #546,779
  • Oct 4, 2011 1:29pm Oct 4, 2011 1:29pm
This thing bounced of the lower channel line.. Which is kinda unfortunate as it hit my stop ( below daily pivot ) that way.. If it breaks that downwards TL+daily pivot+upper channel line again we'll most likely get to see a retest of supply area .33123.. For now -> bad R:R. I'm out for today.


http://img543.imageshack.us/img543/3194/pff.gif
  • #546,780
  • Oct 4, 2011 1:31pm Oct 4, 2011 1:31pm
Its going to be a struggle, but if we get any type of equities rally through Friday Euro will definitely be 1.35+. With the DOW flirting with session lows again, if the euro wanted to tank it would have tanked hard already. It might still tank, but that's only if the DOW really craters in the last 90 minutes. I also think a lot of the institutions want to reload shorts in the 1.36-1.38 range, I've read a lot of the analysts saying to wait till 1.36-1.38 and then sell that area, however, the analysts are usually wrong 90% of the time. lol
Yay! Pips for everyone!
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