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  • #584,561
  • Jan 17, 2012 2:25am Jan 17, 2012 2:25am
Quoting abinezer
However, overall market in in upward position...
overall?

dude overall trend is bearish just look at daily and h4
  • #584,562
  • Jan 17, 2012 2:33am Jan 17, 2012 2:33am
Quoting jayjb
overall?

dude overall trend is bearish just look at daily and h4
There is no doubt that the EU is in trouble and the overall trend is bearish indeed.

But there is probably a good reason as to why it has stalled where it has.
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  • #584,563
  • Jan 17, 2012 2:34am Jan 17, 2012 2:34am
Quoting johncen
NZ...its 12pm now...~well I should say..
good afternoon all..
but good night my friend
Me too
Even the worst trade can close with profit. Just give it time.
  • #584,564
  • Jan 17, 2012 2:34am Jan 17, 2012 2:34am
61.8 level must be watch closely......hopefully fundamental not spoil this trend..
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Bismillah
  • #584,565
  • Jan 17, 2012 2:35am Jan 17, 2012 2:35am
Quoting jayjb
overall?

dude overall trend is bearish just look at daily and h4
hi jayjb,

what's your average pips for tp? i wanna change my bloody strategy.
  • #584,566
  • Jan 17, 2012 2:36am Jan 17, 2012 2:36am
Will tp 2743, 47, and half of 64 @ 38, sl has been moved to BE on the rest and another lot waiting for short at 2760 and trailing
  • #584,567
  • Jan 17, 2012 2:36am Jan 17, 2012 2:36am
Quoting krunfx
61.8 level must be watch closely......hopefully fundamental not spoil this trend..
i agree with you, i hope fundamental not spoil this trend
  • #584,568
  • Jan 17, 2012 2:37am Jan 17, 2012 2:37am
Just keep in mind trends are only relevant to the time frame that you are trading.

Daily and 4 hourly may be down, but if your trading a 5 min chart the short term trend can at times be most definately different

Your decsion as a traders is will you simply stick with the overall larger trend of the longer time frame charts or will you attempt to follow the much smaller time frame trend if it goes against the larger.
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  • #584,569
  • Jan 17, 2012 2:38am Jan 17, 2012 2:38am
the golden question is how far can eu fall

the answer lies in the rising trendline on monthly from 2001

1.2537 area should give extra strong support for a ride back up ; BUT ; if broken ; and i really mean broken ; then god save the world.
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  • #584,570
  • Jan 17, 2012 2:40am Jan 17, 2012 2:40am
Quoting DarkWolF
Just keep in mind trends are only relevant to the time frame that you are trading.

Daily and 4 hourly may be down, but if your trading a 5 min chart the short term trend can at times be most definately different

Your decsion as a traders is will you simply stick with the overall larger trend of the longer time frame charts or will you attempt to follow the much smaller time frame trend if it goes against the larger.
my trading setup is based on 15 minutes, 30 minutes and 1 hour for intra day ; and these time frames are definitely bear
  • #584,571
  • Jan 17, 2012 2:44am Jan 17, 2012 2:44am
Just some thoughts
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  • #584,572
  • Jan 17, 2012 2:45am Jan 17, 2012 2:45am
Quoting DarkWolF
There is no doubt that the EU is in trouble and the overall trend is bearish indeed.

But there is probably a good reason as to why it has stalled where it has.
Indeed, but if one look at the third red dots from left to right as a second wave low, from 2008, it looks like we are just passing the current levels to go more down for third wave. Just an asumption
  • #584,573
  • Jan 17, 2012 2:45am Jan 17, 2012 2:45am
Quoting hindustani
my trading setup is based on 15 minutes, 30 minutes and 1 hour for intra day ; and these time frames are definitely bear
I can only see a bull in these charts. It might be a retracement but we don't know that yet
  • #584,574
  • Jan 17, 2012 2:45am Jan 17, 2012 2:45am
Quoting happytrader
hi jayjb,

what's your average pips for tp? i wanna change my bloody strategy.
when im swing trading, between 100 to 150

but recent times just 20 to 50
  • #584,575
  • Jan 17, 2012 2:46am Jan 17, 2012 2:46am
Quoting Sarvegus
i agree with you, i hope fundamental not spoil this trend
Bismillah
  • #584,576
  • Jan 17, 2012 2:47am Jan 17, 2012 2:47am
Quoting Arhs99
I can only see a bull in these charts. It might be a retracement but we don't know that yet
you see a bull on the hourly? under a microscope?
  • #584,577
  • Jan 17, 2012 2:48am Jan 17, 2012 2:48am
probably we'll see 2720 again soon
  • #584,578
  • Jan 17, 2012 2:50am Jan 17, 2012 2:50am
Quoting hindustani
my trading setup is based on 15 minutes, 30 minutes and 1 hour for intra day ; and these time frames are definitely bear
Some thoughts on the hourly chart
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  • #584,579
  • Jan 17, 2012 2:53am Jan 17, 2012 2:53am
Quoting gamemorph
Indeed, but if one look at the third red dots from left to right as a second wave low, from 2008, it looks like we are just passing the current levels to go more down for third wave. Just an asumption
Oh I have no doubt that this will continue lower, dont get me wrong im just looking at the charts to see whats going on in short term.

Overall its going lower I would think, too much going on in the Euro zone to expect it to recover quickly.
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  • #584,580
  • Jan 17, 2012 2:54am Jan 17, 2012 2:54am
Quoting GSGill
you see a bull on the hourly? under a microscope?
wait for some time bull have resting , it might start, retest of 70/80 will give answers
Mohan
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