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  • #564,981
  • Nov 22, 2011 7:54am Nov 22, 2011 7:54am
Quoting erdogac
I really can't understand why euro is so strong. ?
as far as i can see, strong euro is good for usa and china, going to stick my head out the car window on the motorway here, i wouldn't be surprised if they was involved, every thing coming out of the eu as far as i can see is bad
  • #564,982
  • Nov 22, 2011 7:55am Nov 22, 2011 7:55am
Quoting pkimnyc
We don't know that triangle yet. But if it does form a triangle as you predict, then the probability is higher on the upside break.
Don't you just love guys drawing random, made up crap in here? You think they'd have better things to do...
check out my blog: forexmademillionaire dot com
  • #564,983
  • Nov 22, 2011 7:56am Nov 22, 2011 7:56am
Quoting Geppy
Don't you just love guys drawing random, made up crap in here? You think they'd have better things to do...
Lol
  • #564,984
  • Nov 22, 2011 8:01am Nov 22, 2011 8:01am
Eur building strong support on 1.3480 area. this is an uptrend channel
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As Above, So Below
  • #564,985
  • Nov 22, 2011 8:02am Nov 22, 2011 8:02am
Yes, you are right,

and since triangles are structures that are very deceiving, the only way that you can suspect that you are in a triangle is behaviour at support / resistance points and fake breaks.

Specially as we get close to december where its a month where trends have a tendency to go rangebound on higher time frames without much direction on the weekly time frame.

Most people loose a lot of money in triangular structures, but the one thing that about 80% of the time is characteristics of thes structures is rejection of support/resistance at large retracements values of 80% or more.



Quoting pkimnyc
We don't know that triangle yet. But if it does form a triangle as you predict, then the probability is higher on the upside break.
  • #564,986
  • Nov 22, 2011 8:02am Nov 22, 2011 8:02am
Well what a miserable night, I going to grab my 60 pips, pip up my marbles and go home. When it come to forex my rules are simple. Rule#1. I'm selfish and a poor sport - I only play by my rules. Rule#2, refere to rule #1. And these F**king Euro politians and bankers want to play by thier's. F**k them. Thinking hard about the AUD & CAD they are behaving reasonably well. Untill this Euro gets sorted out some what. Green pips to you all, and have safe Holidays between now and the end of the year, if i dont see ya.
  • #564,987
  • Nov 22, 2011 8:04am Nov 22, 2011 8:04am
Well, I added to longs at 1.3490 but I would advise not following my trades... I'm a swing trader and that appears to be quite unpopular with the newbs.
check out my blog: forexmademillionaire dot com
  • #564,988
  • Nov 22, 2011 8:06am Nov 22, 2011 8:06am
Jumped in again and shorted and when it dropped I got out again. Now I'm twiddling my thumbs.
Taigen Profit This Month: na
  • #564,989
  • Nov 22, 2011 8:07am Nov 22, 2011 8:07am
This B!itch is hungry for red bars me thinks! Move may come to an end tho! EDIT: HOLY F... what was that?
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  • #564,990
  • Nov 22, 2011 8:08am Nov 22, 2011 8:08am
feels like following a bunny.

jumps around all the time
  • #564,991
  • Edited 8:25am Nov 22, 2011 8:09am | Edited 8:25am
it just spiked up at least 20 pips, hmm... I'll wait for it to settle on lower support levels first.
  • #564,992
  • Nov 22, 2011 8:11am Nov 22, 2011 8:11am
Quoting Alexone
This B!itch is hungry for red bars me thinks! Move may come to an end tho! EDIT: HOLY F... what was that?
Yeah, that's how I interpret higher lows followed by higher highs too.
check out my blog: forexmademillionaire dot com
  • #564,993
  • Nov 22, 2011 8:11am Nov 22, 2011 8:11am
Quoting Geppy
Well, I added to longs at 1.3490 but I would advise not following my trades... I'm a swing trader and that appears to be quite unpopular with the newbs.
Hey,

good entry for a long, at double bottom. Where would it take you you guess ?
  • #564,994
  • Nov 22, 2011 8:12am Nov 22, 2011 8:12am
Quoting tashkent
Eur building strong support on 1.3480 area. this is an uptrend channel
yes , better 3466 as the almost flat ( imaginary ! ) channel bottom & still to prove it as the channel to reverse aginst well established very strong down already in . time will tell .lets see
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #564,995
  • Nov 22, 2011 8:15am Nov 22, 2011 8:15am
Quoting Pipbumper
Hey,

good entry for a long, at double bottom. Where would it take you you guess ?
I'm not too keen on giving trading advice because everyone's tolerance and patience is so different.

Basically, I've got my main position from 1.3445/50ish with the stop-loss now at 1.3465 with plans to hold until 1.3650 in an ideal world, but willing to take it all off before that IF I see fit.

When I add longs, I'll take them on and off whenever, but I'd look for new highs for these on a test of 1.3600ish

no. absolutes. ever.
check out my blog: forexmademillionaire dot com
  • #564,996
  • Nov 22, 2011 8:18am Nov 22, 2011 8:18am
Quoting Geppy
I'm not too keen on giving trading advice because everyone's tolerance and patience is so different.

Basically, I've got my main position from 1.3445/50ish with the stop-loss now at 1.3465 with plans to hold until 1.3650 in an ideal world, but willing to take it all off before that IF I see fit.

When I add longs, I'll take them on and off whenever, but I'd look for new highs for these on a test of 1.3600ish

no. absolutes. ever.
thanks, I understand. I'm in a short but took some profit and in a free trade mode. But if someone has very good reasons to believe it is going opposite, I could bail before be. Just a matter of being convinced, no trading advice required
  • #564,997
  • Nov 22, 2011 8:18am Nov 22, 2011 8:18am
Quoting Geppy
Yeah, that's how I interpret higher lows followed by higher highs too.
Hasnt reached my BE yet. If u are talking about H1...i dont know much about waves but couldnt this just be ABC retracement?
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  • #564,998
  • Nov 22, 2011 8:18am Nov 22, 2011 8:18am
3480 seems to be holding.....
  • #564,999
  • Nov 22, 2011 8:18am Nov 22, 2011 8:18am
up and down...milked that slide for 30 and now that bounce for 18

Still within range, plenty of scalping opportunities...
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Quant Hedge Fund CEO
  • #565,000
  • Nov 22, 2011 8:22am Nov 22, 2011 8:22am
Really really crazy market today. on +45 now. Scalping is the game now.
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