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  • #586,721
  • Jan 21, 2012 5:00pm Jan 21, 2012 5:00pm
Quoting MaynoothBlue
Careful with any pending longs guys, greek talks appear to have broke down, creditor walks out of meeting this evening
If the market decides it wants to have a much needed retrace, nothing is going to stop it.
It will have the retrace and then down again.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #586,722
  • Jan 21, 2012 5:12pm Jan 21, 2012 5:12pm
Quoting KillerWhale
If the market decides it wants to have a much needed retrace, nothing is going to stop it.
It will have the retrace and then down again.
There is still a good chance of a deal, Dallara left Athens but left his technical team behind, they will crunch the numbers with IMF/Greeks and possibly have a deal for Monday, the markets cannot have much action tomorrow (Monday Asia time) due to Chinese New Year.

But we also know Hedge funds are B'stards, so they could have deliberately retraced last week knowing they would not make a deal...
  • #586,723
  • Jan 21, 2012 6:33pm Jan 21, 2012 6:33pm
Should we be long or short here?

Prices continue to suggest we have a incipient bull run underway.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdweekly.gif Size: 14 KB
  • #586,724
  • Jan 21, 2012 7:02pm Jan 21, 2012 7:02pm
Levels to watch for a break out: upside 2960, downside 2840. 2910 is important if the price sits too long around it, that's where the next leg up/down will start from.

It's my opinion that we'll wonder around here for a little while, maybe a day or two, so I will not load neither longs nor shorts unless scalps.
My daily chart shows 3090 if it wants to get there. H4 is in full bull mode.

GL
  • #586,725
  • Jan 21, 2012 7:05pm Jan 21, 2012 7:05pm
Quoting attila
Levels to watch for a break out: upside 2960, downside 2840. 2910 is important if the price sits too long around it, that's where the next leg up/down will start from.

It's my opinion that we'll wonder around here for a little while, maybe a day or two, so I will not load neither longs nor shorts unless scalps.

GL
agreee......

i think u ooppinion same like me....
Attached Image (click to enlarge)
Click to Enlarge Name: euro24.JPG Size: 111 KB
Bismillah
  • #586,726
  • Jan 21, 2012 7:20pm Jan 21, 2012 7:20pm
some nice numbers to look at

1.310x
1.324x
1.330x
1.346x
1.373x

When life gives you lemons, make lemonade
  • #586,727
  • Jan 21, 2012 7:28pm Jan 21, 2012 7:28pm
Quoting micho
some nice numbers to look at

1.310x
1.324x
1.330x
1.346x
1.373x

That's where your longs are still at?

  • #586,728
  • Jan 21, 2012 7:37pm Jan 21, 2012 7:37pm
Quoting micho
some nice numbers to look at

1.310x
1.324x
1.330x
1.346x
1.373x

looks you have missed lot of levels , specially between 1.3460 and 1.373x and i don't even dream anything above 1.3427/58 (2011-12-06/08 high) @ this stage
Mohan
  • #586,729
  • Jan 21, 2012 7:53pm Jan 21, 2012 7:53pm
Quoting jayjb
That's where your longs are still at?

wow u still remmeber ha......
Bismillah
  • #586,730
  • Jan 21, 2012 8:10pm Jan 21, 2012 8:10pm
Quoting jayjb
That's where your longs are still at?

A quote I remembered after reading this:

"Do not argue with an idiot. He will drag you down to his level and beat you with experience"

Next time use your eyes to look at my trade profile before using your mouth. In other words use your brain if there is any...


When life gives you lemons, make lemonade
  • #586,731
  • Jan 21, 2012 8:21pm Jan 21, 2012 8:21pm
Quoting micho
A quote I remembered after reading this:

"Do not argue with an idiot. He will drag you down to his level and beat you with experience"

Next time use your eyes to look at my trade profile before using your mouth. In other words use your brain if there is any...



hehehe.......
Bismillah
  • #586,732
  • Jan 21, 2012 8:37pm Jan 21, 2012 8:37pm
Quoting micho

Next time use your eyes to look at my trade profile ..


looks , that's a demo account and 5 week old
Mohan
  • #586,733
  • Jan 21, 2012 8:53pm Jan 21, 2012 8:53pm
Quoting mohan76
looks , that's a demo account and 5 week old


With a demo account, I wouldn't have a problem sleeping at night when a trade goes 1000pips against me
  • #586,734
  • Jan 21, 2012 8:59pm Jan 21, 2012 8:59pm
Quoting jayjb


With a demo account, I wouldn't have a problem sleeping at night when a trade goes 1000pips against me
ok.....................
Bismillah
  • #586,735
  • Jan 21, 2012 9:06pm Jan 21, 2012 9:06pm
On market open do we think itl rise or dive? Krun what do you think?
  • #586,736
  • Jan 21, 2012 9:21pm Jan 21, 2012 9:21pm
Quoting HotBiscuits
On market open do we think itl rise or dive? Krun what do you think?
this is waht im thing.....all in the chart im mention
Attached Image (click to enlarge)
Click to Enlarge Name: euro24.JPG Size: 111 KB
Bismillah
  • #586,737
  • Jan 21, 2012 9:57pm Jan 21, 2012 9:57pm
A lot of you guys make trading more difficult than it actually is.

Finding all kinds of excuses to defend that it will go the way you want it to go.

Forget about bias, follow the signs that the markets give you and you'll probably do a lot better next week and the rest of your life.

Keep you charts simple.
Resistance and support levels are important, make use of them.
Momentum is important, and MACD is a proven successful tool.
Chart Patterns are important and reliable too.
And Fib's are important.

That's about all you need.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #586,738
  • Edited 10:02pm Jan 21, 2012 9:59pm | Edited 10:02pm
If market gaps up, and touches the upper orange levels, will possible go short
If market goes down, and touches lower orange lines, will possibly go long.
The red lines will be a stop.
Target is about 20 pips if short, and about 30 pips if long.

Attached Image (click to enlarge)
Click to Enlarge Name: gap open 1.22.jpg Size: 99 KB


May set orders if I'm not around to watch the open.



~ Note: lines around for rough levels of S/R , one should be wary of the "area" not just a specific number. Market makers have a job and they do it well!
  • #586,739
  • Jan 21, 2012 10:00pm Jan 21, 2012 10:00pm
it reach 1.3082 then go down a bit to 1.289x....
  • #586,740
  • Jan 21, 2012 10:03pm Jan 21, 2012 10:03pm
Quoting mohan76
looks , that's a demo account and 5 week old
I don't see a trade statement under your profile so keep quite. Next time you want to act like a smart ass at least dare to show us any account at all...

Again

"Do not argue with an idiot. He will drag you down to his level and beat you with experience"
When life gives you lemons, make lemonade
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Molaro