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EURUSD

  • #580,601
  • Jan 5, 2012 2:27pm Jan 5, 2012 2:27pm
Quoting Pipo
Why long?? what is your target where is your stop?

If we go down through the 1.2830 again I would consider short with targets 1.2800/ 1.2790 . But I am done for today I cashed out already +96 near my first target 1.2830.
  • #580,602
  • Jan 5, 2012 2:39pm Jan 5, 2012 2:39pm
I'm just too cautious but maybe not. I'm starting to get my daily, weekly, and hopefully monthly targets on track.

I actually have a few buys in hoping it will bump so I can put a zero stop on it and see if it goes anywhere. At least I won't lose. It goes against the grain to counter trade but I'll try it and see what happens.

It will probably go down to around 2750 or so for no other reason than a xx50 is a magnet number. After a 300 pip drop there should be some retrace. If it doesn't work like I hope and have a loss, this will be my first loss in a couple months and it will have been done by counter trading. We'll see.
Taigen Profit This Month: na
  • #580,603
  • Jan 5, 2012 2:39pm Jan 5, 2012 2:39pm
It's a BARGAIN!

More like a fire sale LoL!
  • #580,604
  • Jan 5, 2012 2:44pm Jan 5, 2012 2:44pm
Looking more and more bullish passing the 2 min resistance levels, and passing the 20 period resistance on the 15 min.
  • #580,605
  • Jan 5, 2012 2:55pm Jan 5, 2012 2:55pm
Quoting Chanya
Anybody Knows anything about Gold

I see a down move coming for Gold ... Don't misunderstand me , I don't even slightly mean that It is going to fall to the depths of hell , Just a down move will come ..... Am I correct ???
The H1 wasn't able to close below the 1600 now it has pushed up again.If it closes above 1625 it will try to re test the 1641.52
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  • #580,606
  • Jan 5, 2012 2:57pm Jan 5, 2012 2:57pm
Quoting SupaTrader
I think that it will jump to 1.2900 in next 24h. Its quet before storm.
What storm? anyone who has been selling the monthly opens short have retired by now
Attached Image (click to enlarge)
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If you are new to Forex? Say Goodbye to your account!!
  • #580,607
  • Jan 5, 2012 3:00pm Jan 5, 2012 3:00pm
Quoting Petiedawgs
Looking more and more bullish passing the 2 min resistance levels, and passing the 20 period resistance on the 15 min.
this train has left the station
  • #580,608
  • Jan 5, 2012 3:07pm Jan 5, 2012 3:07pm
Quoting todstars2
If EUR pops out of the top of this descending wedge.

Its game on for the bulls for a little while at least

Maybe 1.285????
Agreed

+50 pips in 10 hours of Asia
-200 pips in 10 mins of London
  • #580,609
  • Jan 5, 2012 3:08pm Jan 5, 2012 3:08pm
Possible pennant for more downward thru tomorrow...
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  • #580,610
  • Jan 5, 2012 3:11pm Jan 5, 2012 3:11pm
Quoting troutguy
Possible pennant for more downward thru tomorrow...
Bears take the ride right now ! Or maybe to get rid with all those SL's ?
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  • #580,611
  • Jan 5, 2012 3:16pm Jan 5, 2012 3:16pm
Quoting lhDT
Bears take the ride right now ! Or maybe to get rid with all those SL's ?
retest of that spike now...

we will see how many bulls are there if we get another long wick on the candle
  • #580,612
  • Jan 5, 2012 3:16pm Jan 5, 2012 3:16pm
Lol, sudden move lower. new low
  • #580,613
  • Jan 5, 2012 3:16pm Jan 5, 2012 3:16pm
Quoting lhDT
Bears take the ride right now ! Or maybe to get rid with all those SL's ?
This is definetely what i`m thinking about.
  • #580,614
  • Jan 5, 2012 3:17pm Jan 5, 2012 3:17pm
There is some pretty substantial demand down to 70. If that last little push didn't break out then i think we're stuck here until later...Frankfurt-London. However, one can never tell.
  • #580,615
  • Jan 5, 2012 3:59pm Jan 5, 2012 3:59pm
Quoting troutguy
There is some pretty substantial demand down to 70. If that last little push didn't break out then i think we're stuck here until later...Frankfurt-London. However, one can never tell.
'...substantial?...' How then can one never tell.
Taigen Profit This Month: na
  • #580,616
  • Jan 5, 2012 4:15pm Jan 5, 2012 4:15pm
There was enough stacked up there to halt the SL momentum and push it right back up...One can never tell because the volume that is stacked up there can change sentiment turning into a cascade. Market psychology is pretty straight forward...once the domino falls, you just never quite know where the train starts.

Can you tell me what will turn those buyers into sellers...or at what level the sellers become buyers?
  • #580,617
  • Jan 5, 2012 4:29pm Jan 5, 2012 4:29pm
Quoting troutguy
There was enough stacked up there to halt the SL momentum and push it right back up...One can never tell because the volume that is stacked up there can change sentiment turning into a cascade. Market psychology is pretty straight forward...once the domino falls, you just never quite know where the train starts.

Can you tell me what will turn those buyers into sellers...or at what level the sellers become buyers?
Let me ask you a "straight forward" question troutguy:

Do you know what a "Central Pivot" is and what it represents?
The Dove - Forex Trainer
  • #580,618
  • Jan 5, 2012 4:40pm Jan 5, 2012 4:40pm
Quoting troutguy
There was enough stacked up there to halt the SL momentum and push it right back up...One can never tell because the volume that is stacked up there can change sentiment turning into a cascade. Market psychology is pretty straight forward...once the domino falls, you just never quite know where the train starts.

Can you tell me what will turn those buyers into sellers...or at what level the sellers become buyers?

Try the link. Hope this helps you.
http://www.investopedia.com/universi...#axzz1icsKzCDI
Fools Rushing
  • #580,619
  • Jan 5, 2012 4:51pm Jan 5, 2012 4:51pm
Quoting dove_alliance
Let me ask you a "straight forward" question troutguy:

Do you know what a "Central Pivot" is and what it represents?
Yes I understand pivots and the deviations that correlate to the support and resistance levels...My only point is that even though we are at the second deviation from the daily pivot it does not guarantee that there is not some large player putting on a hedge that will negate the theory of the current pivot levels as leading indicators...at least for the short term. How many days in a row does price have to move into the third deviation and reset the pivot before price comes back...yes it will eventually come back to the "Central Pivot" but quite possibly after moving 3x the range in the opposite direction.

Personally I believe the market can do just about anything at any minute and by being able to cope with the dynamics of the supply/demand pressures you can find seams that provide you with an opportunity to capitalize; however, one must always be available to change their mind with the supply/demand tides and recognize exactly what i was stating before (there was no malice intended...a major reason I usually don't participate in forums...misunderstanding). Find the zones where the tide turns (buyers become sellers / sellers become buyers) and try to stay with the prevailing force. It is in these areas that price moves robustly and momentum builds...these are around the S/R levels and pivot but rarely directly... a least that is how i see it and it makes me money so i cant complain.
  • #580,620
  • Jan 5, 2012 4:56pm Jan 5, 2012 4:56pm
Quoting troutguy
Yes I understand pivots and the deviations that correlate to the support and resistance levels...My only point is that even though we are at the second deviation from the daily pivot it does not guarantee that there is not some large player putting on a hedge that will negate the theory of the current pivot levels as leading indicators...at least for the short term. How many days in a row does price have to move into the third deviation and reset the pivot before price comes back...yes it will eventually come back to the "Central Pivot" but quite...
That wasn't my question --- I am not talking about Daily Pivots. I asked if you know what "A Central Pivot" is and what it represents.
The Dove - Forex Trainer
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