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  • #552,121
  • Oct 19, 2011 3:56pm Oct 19, 2011 3:56pm
Quoting atheer1
Still there is no break to neckline to be confirmed

atheer1
Ok, so it has to break below the neckline, which is somewhere around 1.3720?

Thx!

  • #552,122
  • Oct 19, 2011 3:56pm Oct 19, 2011 3:56pm
technically speaking, to this moment bear could not break important support line .3730, and on my 4H chart it is fibo 23.6% retracement. in addition, on 1D chart we had an inverted hammer yesterday. and it has not been invalidated yet. i think Asian open will push the euro higher... on the other side, there is a H&S chart formed. so confusing.
As Above, So Below
  • #552,123
  • Oct 19, 2011 4:01pm Oct 19, 2011 4:01pm
Quoting shortcut77
Ok, so it has to break below the neckline, which is somewhere around 1.3720?

Thx!

yes around that,usually on high volume,you have the option to enter at break or at retest of the trend line(neckline).

atheer1
atheer1
  • #552,124
  • Oct 19, 2011 4:06pm Oct 19, 2011 4:06pm
Quoting tashkent
technically speaking, to this moment bear could not break important support line .3730, and on my 4H chart it is fibo 23.6% retracement. in addition, on 1D chart we had an inverted hammer yesterday. and it has not been invalidated yet. i think Asian open will push the euro higher... on the other side, there is a H&S chart formed. so confusing.
I agree but until this H+s chart was posted I didn't see it! I looked at the hammer and also thought the pair was oversold so am looking for a place to go long go to bed and see how big my loss is in the morning
  • #552,125
  • Oct 19, 2011 4:11pm Oct 19, 2011 4:11pm
Quoting piphead
I agree but until this H+s chart was posted I didn't see it! I looked at the hammer and also thought the pair was oversold so am looking for a place to go long go to bed and see how big my loss is in the morning
I would not have enough courage to leave an open position for a night in such volatile market. even if i decide will certainly place a tight SL
As Above, So Below
  • #552,126
  • Oct 19, 2011 4:15pm Oct 19, 2011 4:15pm
Quoting tashkent
technically speaking, to this moment bear could not break important support line .3730, and on my 4H chart it is fibo 23.6% retracement. in addition, on 1D chart we had an inverted hammer yesterday. and it has not been invalidated yet. i think Asian open will push the euro higher... on the other side, there is a H&S chart formed. so confusing.
Technically Speaking, with the trillion dollar rumors of yesterday, there wasn't enough bulls around to carry this through the weekly open.

Rejected 2x and now sold off by NY, the only single session that hadn't sold at these prices seems to be a bit of a bearish move to me.

We have seen 2 strong weeks of buying, but this week, the momo has gone slow in the upside. Either buyers have dried up, or there is some profit taking and perhaps a chance to load up at discount prices...

Maybe nobody wants to buy this piece of shit anymore and all of the rumors be damned, this is a toxic turd waiting to burn a hole in yer account...

TIMBERRRRRRRRRRRRRRRRRRR!!!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #552,127
  • Oct 19, 2011 4:17pm Oct 19, 2011 4:17pm
nice bearish divergence on 15 min (no idea wtf im talking about)
  • #552,128
  • Oct 19, 2011 4:18pm Oct 19, 2011 4:18pm
"Either that or nobody wants to buy this piece of shit anymore and all of the rumors be damned, this is a toxic turd waiting to burn a hole in yer account.."



Love it!!
  • #552,129
  • Oct 19, 2011 4:21pm Oct 19, 2011 4:21pm
fair enough, Magix. this pair has been so unpredictable these days. it is difficult to say something concrete.
As Above, So Below
  • #552,130
  • Oct 19, 2011 4:54pm Oct 19, 2011 4:54pm
Quoting Magix
Technically Speaking, with the trillion dollar rumors of yesterday, there wasn't enough bulls around to carry this through the weekly open.

Rejected 2x and now sold off by NY, the only single session that hadn't sold at these prices seems to be a bit of a bearish move to me.

We have seen 2 strong weeks of buying, but this week, the momo has gone slow in the upside. Either buyers have dried up, or there is some profit taking and perhaps a chance to load up at discount prices...

Maybe nobody wants to buy this piece of shit anymore and all of the...
reckon the rally through last night's tokyo sesh and early london was sign off on efsf getting priced in, 'cept it ain't been signed off, so as you were.

can't really call a direction tonight with any degree of probability, some tough support levels wpp, mpp, etc. to get through for more downside...
  • #552,131
  • Oct 19, 2011 5:02pm Oct 19, 2011 5:02pm
EU and its mirror pair UC are not going to move much unless there is something concrete coming out of this EU summit to resolve this debt crisis once for all and policies about how to handle debt crisis like this in the future cuz we all know Greece is not alone, Portugal, Spain, Italy and even Ireland are next. Until then, ppl are going to trade VERY CAREFULLY on this pair, nothing for the long term and nothing big because nobody wants to be caught on the wrong side of the market. Rumors/news/developments here and there will move the price 10's of pips one direction or another but nothing major. And if all the BIG BOYS are doing that, how are you going to see any action?

All we can do is sit tight, scalp a little here and there, make about 20-50 pips and that's about it.
Make your losses in demo. Earn your profits live.
  • #552,132
  • Oct 19, 2011 5:05pm Oct 19, 2011 5:05pm
Quoting FibbinArchie
reckon the rally through last night's tokyo sesh and early london was sign off on efsf getting priced in, 'cept it ain't been signed off, so as you were.

can't really call a direction tonight with any degree of probability, some tough support levels wpp, mpp, etc. to get through for more downside...
DTEMA has been busted to the downside.

I expect a retrace to that point, longs, and from there, will see if it acts as any sort of resistance. Rejection on the line means we gotta nother day of selling ahead of us and going into Thursday could mean that we don't see another real buyer until next week...

Again, speculating on resistance holding...

Narrow range of trade from here to the DTEMA and with the pre chino session offering a lotta goose eggs of current...feck em, will wait until TK on deck and see where they wanna take this shuffle.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #552,133
  • Oct 19, 2011 5:09pm Oct 19, 2011 5:09pm
Quoting Magix
DTEMA has been busted to the downside.

I expect a retrace to that point, longs, and from there, will see if it acts as any sort of resistance. Rejection on the line means we gotta nother day of selling ahead of us and going into Thursday could mean that we don't see another real buyer until next week...

Again, speculating on resistance holding...

Narrow range of trade from here to the DTEMA and with the pre chino session offering a lotta goose eggs of current...feck em, will wait until TK on deck and see where they wanna take this shuffle.
thinking of trading the tk break with tight stop, reverse position if it fakes, been relatively tight consolidation since ny, 69 should cap, but it's taking a sniff atm...
  • #552,134
  • Oct 19, 2011 5:11pm Oct 19, 2011 5:11pm
This is an absolute dangerous territory to enter any position. Lucky those who are short already, everything else is fecking unpredictable.

Heard from the news that with some of that 2 or whatever trillion $ or billion euro, they will insure new Euro Debt of Spain, Portugal Italy and Greece Bonds. However, only 20% of each Bond. So,

if you wanna buy for example a Greek Bond, they guarantee you 20% of that Bond. ( That loan that was once the most secure ever kind of loan).

If i walk in to a Bank and i want a Credit Loan of $10 000 and i tell the guy in the Bank i can guarantee to pay back $2000, i do not get jack shit, and for sure no loan.

So i am asking myself, who the hell would buy these partially
insured Bonds, who is right in his or hers mind??
I mean, this 20% guarantee is like a 80% loss guarantee...

Anyone?
  • #552,135
  • Oct 19, 2011 5:16pm Oct 19, 2011 5:16pm
Quoting micho
went long on EURCAD at 1.4029 target 1.4053.. one position only
added another at 1.4025 target 1.4069

stop loss at BE if/when we reach 1.4048
When life gives you lemons, make lemonade
  • #552,136
  • Oct 19, 2011 5:18pm Oct 19, 2011 5:18pm
i have 4 positions now open, 2 short EURGPB and 2 long EURCAD all 4 are negative total -38 tada... lets see whats gonna happen
When life gives you lemons, make lemonade
  • #552,137
  • Oct 19, 2011 5:28pm Oct 19, 2011 5:28pm
euro did not reach 1.3670 for me to go long today so no eur-usd trade.
usd-cad presented a good oppertunity.

attached.
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  • #552,138
  • Oct 19, 2011 5:29pm Oct 19, 2011 5:29pm
Long 4 positions from 1.3740 - 1.3770 (favorite position = cowgirl)
I'm just gonna let them sit there until they reach my target @ 1.39.
I don't know when but expected this week
New voice message: Why are you calling me? If I need you, I'll call you!
  • #552,139
  • Oct 19, 2011 5:40pm Oct 19, 2011 5:40pm
Quoting KillerWhale
Long 4 positions from 1.3740 - 1.3770 (favorite position = cowgirl)
I'm just gonna let them sit there until they reach my target @ 1.39.
I don't know when but expected this week
SL ?
  • #552,140
  • Oct 19, 2011 5:44pm Oct 19, 2011 5:44pm
Quoting KillerWhale
Long 4 positions from 1.3740 - 1.3770 (favorite position = cowgirl)
I'm just gonna let them sit there until they reach my target @ 1.39.
I don't know when but expected this week
very ambitious...
When life gives you lemons, make lemonade
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