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  • #583,361
  • Jan 12, 2012 6:21pm Jan 12, 2012 6:21pm
Quoting mohan76
good morning boys

any one watching any number today ?
good morning, erm.. i am bullish today but i'm not sure what numbers to look for.
  • #583,362
  • Jan 12, 2012 6:22pm Jan 12, 2012 6:22pm
Quoting happytrader
good morning, erm.. i am bullish today but i'm not sure what numbers to look for.
i am looking at 2920.
  • #583,363
  • Jan 12, 2012 6:27pm Jan 12, 2012 6:27pm
Quoting happytrader
good morning, erm.. i am bullish today but i'm not sure what numbers to look for.
on the one of the chart i have marked 2830 (old one i don't know why), mini psycho level 2854/60 , R1 @ 2873, psycho level 2900 then double top on 2943(r2 2831)

downside psycho 2800 , strong support 2770/65

getting a good entry will put upper hand in this game
Mohan
  • #583,364
  • Jan 12, 2012 6:28pm Jan 12, 2012 6:28pm
Quoting todstars2
Many on this board will differ with me but my take is this:

GBP is under accumulation vs EUR still being distributed.
GBP is QE, with the stronger US economy the belief is that the US Fed won't engage in any new QE for a while, so the GBP is selling off against the USD. Draghi today made it clear no QE, plus no inclination he will lower rates next month, so the Euro rose against the USD.
Yay! Pips for everyone!
  • #583,365
  • Jan 12, 2012 6:29pm Jan 12, 2012 6:29pm
Quoting mohan76
on the one of the chart i have marked 2830 (old one i don't know why), mini psycho level 2854/60 , R1 @ 2873, psycho level 2900 then double top on 2943(r2 2831)

downside psycho 2800 , strong support 2770/65

getting a good entry is the will put upper hand in this game
yea, haha where would the good entry be?
  • #583,366
  • Jan 12, 2012 6:30pm Jan 12, 2012 6:30pm
Quoting motoro
i am looking at 2920.
where would u long from?
  • #583,367
  • Jan 12, 2012 6:30pm Jan 12, 2012 6:30pm
Quoting happytrader
good morning, erm.. i am bullish today but i'm not sure what numbers to look for.
good morning everybody. today is first friday 13th. good trade
  • #583,368
  • Jan 12, 2012 6:31pm Jan 12, 2012 6:31pm
Quoting happytrader
yea, haha where would the good entry be?
did you forgot your game rule S & R
Mohan
  • #583,369
  • Jan 12, 2012 6:32pm Jan 12, 2012 6:32pm
Quoting sidhujag
I don't know about that tod, I see EUR genuinely being bought (check out the index) that looks more like breakout volume rather than distribution. GBP looks like it got DUMPED, but will probably lead to a larger bull cycle but I'm not putting my money on it just yet.

Distribution? No signs of it yet, unless this was a straight pump and dump which we will know at LO

Admittedly, Im hedging here. I agree with you it looks ready to move up(EUR)

Staying with Classic tech analysis we need at least 2 weeks of "CLEAR AIR" between here and the next touch of 1.28ish area before calling a change in direction as definite here.

As far as GBP is concerned I see 4 definitive touches in this support area over the last 1 1/2 years on the weekly chart which suggest strong support at this price level coming from somewhere
  • #583,370
  • Jan 12, 2012 6:33pm Jan 12, 2012 6:33pm
Quoting caonguyen
good morning everybody. today is first friday 13th. good trade
please don't post negative trade sentiments , it will affect traders psychology.
Mohan
  • #583,371
  • Jan 12, 2012 6:38pm Jan 12, 2012 6:38pm
I think we got the first really nice bullish flag pattern in quite a while on this pair.
Yay! Pips for everyone!
  • #583,372
  • Jan 12, 2012 6:40pm Jan 12, 2012 6:40pm
Quoting todstars2
Admittedly, Im hedging here. I agree with you it looks ready to move up(EUR)

Staying with Classic tech analysis we need at least 2 weeks of "CLEAR AIR" between here and the next touch of 1.28ish area before calling a change in direction as definite here.

As far as GBP is concerned I see 4 definitive touches in this support area over the last 1 1/2 years on the weekly chart which suggest strong support at this price level coming from somewhere
However not sure if yesterday was stopping volume or effort to rise, if it was an effort but thwarted by the EU thing at London afternoon then watch out, otherwise it may creep up slowly.
  • #583,373
  • Jan 12, 2012 6:40pm Jan 12, 2012 6:40pm
Quoting mohan76
please don't post negative trade sentiments , it will affect traders psychology.
i am sorry.....i was not careful for my post. thank for your advice!!!
  • #583,374
  • Jan 12, 2012 6:44pm Jan 12, 2012 6:44pm
...
  • #583,375
  • Jan 12, 2012 6:52pm Jan 12, 2012 6:52pm
Quoting sidhujag
However not sure if yesterday was stopping volume or effort to rise, if it was an effort but thwarted by the EU thing at London afternoon then watch out, otherwise it may creep up slowly.

Yep, the slow creep from 1.53...

My first probes away

Wait and see.
  • #583,376
  • Jan 12, 2012 6:53pm Jan 12, 2012 6:53pm
Quoting mohan76
did you forgot your game rule S & R
haha, yes. looking to long at 2800 area. thanks for helping me with my rule. thanks buddy!

sometimes i think about this a lot, people (most of them) on ff forum are so sincere and willing to help the noob even when they don't know each other in real life.

i wish i'd known about ff long before i met my FOREX GURU! made all kinda wonderful promises and his sincerity is 0! just care about his course fees and nothing else. he didn't even give a shit about my progress at all. that idiot.
  • #583,377
  • Jan 12, 2012 7:03pm Jan 12, 2012 7:03pm
Bear market Truncation on h1 according to my Elliott Waves count

http://www.wise-gazette.com/wp-conte...runcations.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15.jpg Size: 149 KB
  • #583,378
  • Jan 12, 2012 7:16pm Jan 12, 2012 7:16pm
Quoting happytrader
haha, yes. looking to long at 2800 area. thanks for helping me with my rule. thanks buddy!

sometimes i think about this a lot, people (most of them) on ff forum are so sincere and willing to help the noob even when they don't know each other in real life.

i wish i'd known about ff long before i met my FOREX GURU! made all kinda wonderful promises and his sincerity is 0! just care about his course fees and nothing else. he didn't even give a shit about my progress at all. that idiot.
which country are you from ?
  • #583,379
  • Jan 12, 2012 7:19pm Jan 12, 2012 7:19pm
http://www.dailyfx.com/technical_analysis/sentiment/
Fools Rushing
  • #583,380
  • Jan 12, 2012 7:21pm Jan 12, 2012 7:21pm
Quoting happytrader
haha, yes. looking to long at 2800 area. thanks for helping me with my rule. thanks buddy!

sometimes i think about this a lot, people (most of them) on ff forum are so sincere and willing to help the noob even when they don't know each other in real life.

i wish i'd known about ff long before i met my FOREX GURU! made all kinda wonderful promises and his sincerity is 0! just care about his course fees and nothing else. he didn't even give a shit about my progress at all. that idiot.
I been trading for 6 months , have lost lot of money on the verge of giving up, I have a plan but never follow it to the end, and mess it up halfway through, I ve been reading ff since I started , I ve got sells at 1.2744, 55, 73, and 75 was thinking of taking a hit as it looks like it ll go up, any advice guys? Mohan I always read ur threads are very informative...
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