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  • #553,141
  • Oct 23, 2011 5:51am Oct 23, 2011 5:51am
Ok some quick analysis here, not much time these day for market reaserch

Wekly tf:

2 weeks ago a long corpus white candle broken back through 200 Ema, and these week proces formed a doji firefly, which couldn't go down through 200 ema. However, the resistance which stoped the price was 50 fibo retracment lvl(green one) from Decemeber 2010 bullish movement. I would need to see breaking it, (1.39000) lvl to confirm bullish look of the market. On the other side is 200 Ema and 61.2 fibo retr lvl(green one).

Forecast: Neutral.

Daily tf:

Simillar situation, consolidation betwen 61.2(1.3660) and 50.0(1.3900) fibo lvl (green) with doji and high waves candles. Also this can be a reversed 2 towers formation, but a realy strange one . Still we have 1.400 resistance after 1.3900 and 200 Ema upper, so I would look @ it if we would break through 1.3900. On the other side, after breaking 1.36600 i would look @ 1.35000 and 1.3410 and continuation of bearish trend.

Forecast: Neutral, waiting for break out of condolidation.

4h tf:

Same thing, consolidation around 200 Ema, with possible 3 tops formation forming. Breaking out od it wil show the market path.

Forecast: Neutral.

Overal: Neutral, but slighty bearish, couse of fundamentals which i hate. In my opinion, the Euro summit won't bring anything helpfull to the eurozone crisis, and any decision taken won't be enough to satisfy investors.

The green pips be with ya all!!
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  • #553,142
  • Oct 23, 2011 5:52am Oct 23, 2011 5:52am
possible happen or higher than that,b4 we pullback 1.3751 area.see how open gap tomorrow.

"so lazy too update my chart "
Quoting FXMindset
Looking 1.40-1.41
patient is my attitude, rushing is a dog
  • #553,143
  • Oct 23, 2011 5:54am Oct 23, 2011 5:54am
Quoting Haqu
n the other side, after breaking 1.36600 i would look @ 1.35000 and 1.4115 and continuation of bearish trend..
?
If there was easy money lying around,no one would be forcing it into your
  • #553,144
  • Oct 23, 2011 5:58am Oct 23, 2011 5:58am
Quoting FXMindset
?
Awww, my mistake while writing, 1.3410 should be there, already fixed it Thank you!
  • #553,145
  • Oct 23, 2011 6:20am Oct 23, 2011 6:20am
kang mas,nga bisa ngepos di thread kamu.ge mana nih?
Quoting iqyu5an
.
patient is my attitude, rushing is a dog
  • #553,146
  • Oct 23, 2011 6:43am Oct 23, 2011 6:43am
1.28-1.2650 = ON starting by next week
  • #553,147
  • Oct 23, 2011 6:43am Oct 23, 2011 6:43am
Let's talk about plan for the coming week!

My plan would be to find a short between 1,388x and 1,391x on Monday i guess.
1,377x needs to be broken in order to have a chance to 1,351x

On the upside there is 1,397x-1,4000.
A move back to this area won't invalidate the scenario of 1,351x...well it'll depend on how the PA reacts...how will be the swings...

Orange circles are all areas challenged by the bears in the upmove (retracement)...the ONLY one not challenged is 1,351x.

It should be a fun week...again!

Attached Image (click to enlarge)
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COT: The precious data ignored
  • #553,148
  • Oct 23, 2011 6:54am Oct 23, 2011 6:54am
What the hell come out from EU summit?
They are seeking for another summit in Wednesday. It's totally clear that they are just lingering their decision to drive the market on rumor as they tried always. They have no strong option to support euro but some lies coming from dirty mouths.
Didn't i say at Friday that: not enough good news will come from EU summit to satisfy the market?

Last bull totally driven by EU official support to hunt long-term sellers SL.
A**hole big bear boys was totally careless at 1.38 area. I am really sick of them. I had indicated if bull can save 3705 it will go higher.
Bear boys just too stupid to understand technical areas. Now if bull can break 3930 bear will loose more tan 500 pips down strength.

May be bear can return from higher but won't be so strong as we expect from it.

Good luck traders!
You cannot learn better without losing
  • #553,149
  • Oct 23, 2011 7:28am Oct 23, 2011 7:28am
If today evening will go down : sell to 1.378x
next: buy at 1.378x
then sell at 1.4xx
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  • #553,150
  • Oct 23, 2011 8:26am Oct 23, 2011 8:26am
Chancellor Angela Merkel of Germany, Europe’s dominant economy, played down the odds of an agreement today to beef up the euro bailout fund, cut Greece’s debt without triggering a default, shield banks from the fallout and insulate Italy andSpain from the turmoil.


http://www.bloomberg.com/news/2011-1...ard-banks.html
  • #553,151
  • Oct 23, 2011 8:27am Oct 23, 2011 8:27am
“I wouldn’t be holding my breath about the summit this weekend because the second summit coming next Wednesday means we probably won’t get anything concrete,” Eric Viloria, senior currency strategist at Gain Capital Group LLC in New York, said yesterday. “I would not be long on the euro, but I would not be surprised to see it rally with positive development from this meeting. I would use a rally to get short on the euro for the longer term.” A short is a bet an asset will drop.

Copied from BLOOOMBERG
FXsniper Pips This Month: -1,130
  • #553,152
  • Oct 23, 2011 8:41am Oct 23, 2011 8:41am
Quoting paulw
“I wouldn’t be holding my breath about the summit this weekend because the second summit coming next Wednesday means we probably won’t get anything concrete,” Eric Viloria, senior currency strategist at Gain Capital Group LLC in New York, said yesterday. “I would not be long on the euro, but I would not be surprised to see it rally with positive development from this meeting. I would use a rally to get short on the euro for the longer term.” A short is a bet an asset will drop.

Copied from BLOOOMBERG
do not watch these crappy channels BLOOMBERG... CNN... SKY NEWS... BBC... watch VH1, Euro sport , ESPN... enjoy your life man. FUCK propaganda... THE ONLY NEWS CHANNEL IS YOUR CHART
When life gives you lemons, make lemonade
  • #553,153
  • Oct 23, 2011 8:54am Oct 23, 2011 8:54am
Quoting micho
do not watch these crappy channels BLOOMBERG... CNN... SKY NEWS... BBC... watch VH1, Euro sport , ESPN... enjoy your life man. FUCK propaganda... THE ONLY NEWS CHANNEL IS YOUR CHART
Nice words
  • #553,154
  • Oct 23, 2011 8:56am Oct 23, 2011 8:56am
Quoting micho
do not watch these crappy channels BLOOMBERG... CNN... SKY NEWS... BBC... watch VH1, Euro sport , ESPN... enjoy your life man. FUCK propaganda... THE ONLY NEWS CHANNEL IS YOUR CHART
Yeah, AC Milan 4-3 comeback !
  • #553,155
  • Oct 23, 2011 9:22am Oct 23, 2011 9:22am
Hi micho, hi fontu ...

Just read your post and was thinking you might looking for some views and O-H-L-C data that can give you a few hints if candle pattern is suitable for further continuation (and when yes how far) or turnaround situation etcetera ...

Quoting micho
anybody knows an indicator that simply merges all the successive bull candles into one bull candle and all the successive bear candles into one bear candle?
I have made some quite nice experiences with such kind of chart settings as shown in attached example.

2011-10-21_22h59_ EURUSD _ min030 _ (5Dya) Heikin Ashi Chart + BB

In this case a Heikin Ashi Chart filters in quite comfortable way all those unwanted minicountermove noises. Maybe you can use it for your purposes that way in case you use some additional PIVOTS derived from four hours O-H-L-C or three hours O-H-L-C for detection of estimated levels that might be visited for a situation of continuation or turnaround levels ...

Quoting fontu
Nope exactly perhaps , merging vews you can see the higgher tf candle instead , 4 h1 to see H4 candle,12 for daily tf but not see where it may go, that is extent of the candle . actually I understand what you are asking, a higher tf candle on the lower one with possible extent , right , used one before some year before perhaps , one candlestick indicator , to find somewhere in my computer , crush few time in between though . if true I may serach to see later time .
thanks,
fontu
You can use a calculator for such things like this one for example ...

2011-10-21_22h55 - www.pivotpointcalculator.com_min240 PP

At least you need only High + Low + Close for such things. Pivot = H+L+C / 3 and you can calculate this pretty fast for any TF that you need or wish ...




;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-10-21_22h59_ EURUSD _ min030 _ (5Dya) Heikin Ashi Chart + BB.PNG Size: 40 KB
Click to Enlarge Name: 2011-10-21_22h55 - www.pivotpointcalculator.com_min240 PP.PNG Size: 84 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #553,156
  • Oct 23, 2011 9:48am Oct 23, 2011 9:48am
And here's why the Euro will plummet. It is all connected. When one domino piece topples, they all topple.

http://www.zerohedge.com/sites/defau...wes%20what.jpg
  • #553,157
  • Oct 23, 2011 10:44am Oct 23, 2011 10:44am
Quoting forexings
What the hell come out from EU summit?
They are seeking for another summit in Wednesday. It's totally clear that they are just lingering their decision to drive the market on rumor as they tried always. They have no strong option to support euro but some lies coming from dirty mouths.
Didn't i say at Friday that: not enough good news will come from EU summit to satisfy the market?

Last bull totally driven by EU official support to hunt long-term sellers SL.
A**hole big bear boys was totally careless at 1.38 area. I am...

Hi forexings,

i have one question for you, please tell about my holding orders , i sold at 1.3866 and 1.3800, 1.3750 totally 3 lots open it will fall again are go up?
  • #553,158
  • Oct 23, 2011 10:50am Oct 23, 2011 10:50am
Quoting micho
do not watch these crappy channels BLOOMBERG... CNN... SKY NEWS... BBC.... FUCK propaganda... THE ONLY NEWS CHANNEL IS YOUR CHART
Agreed
You cannot learn better without losing
  • #553,159
  • Oct 23, 2011 10:52am Oct 23, 2011 10:52am
Quoting al5al majd
Nice words
i coudnt agree mo'
  • #553,160
  • Oct 23, 2011 11:05am Oct 23, 2011 11:05am
Quoting spaizkadett
And here's why the Euro will plummet. It is all connected. When one domino piece topples, they all topple.
The Diagram just shows the banks loans, the Insurance covering those loans is another nightmare web.
Even if they rescue Greece & build up a firewall it might not help, EU wants the Banks to write down some debt, can the banks balance sheets handle a write down? if the banks used sovereign debt as part of their equity for leverage - a draw down of bad loans will expose their margins...
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