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EURUSD

  • #588,821
  • Jan 27, 2012 12:50am Jan 27, 2012 12:50am
8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
ACTION: SELL EURUSD 3.3% / BUY EURUSD 2.5%
The Trade Plan
We are looking for a deviation between 0.3% ~ 0.5% from the forecasted figure of 3.0%. Therefore if we get a 3.3% on the 4th quarter GDP, it would be US Dollar positive. We will SELL EURUSD. However, if we get a 2.7% release or worse, then we would be BUY EURUSD.
  • #588,822
  • Jan 27, 2012 12:52am Jan 27, 2012 12:52am
Quoting 2+2=4ex
I have this awesome pineapple face indicator that tells me when to trade or not.
can u share the code bro please.....
Have I got something on my face, SOLDIER?
  • #588,823
  • Jan 27, 2012 12:53am Jan 27, 2012 12:53am
as for the todays outlook - same story for the last few days really...

There is a valid extended 5 wave pattern on the H1 chart from 1.2623 to 1.3183 and an ABC correction is due.

Therefore, all the time the price remains below 1.3183 I shall assume that the correction is the highest probability and be looking to short.

So far the correction is a single move down so we are most likely still on Wave A and we have not yet reached the 23.6 level 1.305x which is an import number to watch as it also represented good resistence on the way up.

Overall looking for wave A to complete followed by a retrace to higher level but below 1.3183 and then a fall to a lower number than wave A. Initial target zone 38.2% -50% 1.2969 to 1.2902.
  • #588,824
  • Jan 27, 2012 12:53am Jan 27, 2012 12:53am
Quoting Killy
ah i see now.. its actually was called Point and Figure charts back in 20ies)

classic tick chart is smth like htis - http://www.petroleumworld.com/images...e-chart450.jpg
There are many interpretation over tick charts. As long you are familiar with what you are using its alright. Another advantage using tick charts is avoiding noise or misleading signals when reading a candlestick.
Happy trading guys!
Trade2Win
  • #588,825
  • Jan 27, 2012 12:53am Jan 27, 2012 12:53am
Quoting Chicky
Here are 15 most effective indicators. I like "Men's Underwear Index".

http://www.businessinsider.com/the-w...erwear-index-3
LOLOLOLOL

wheres the code though i need it on my charts and add to the christmas tree!

bbl
Have I got something on my face, SOLDIER?
  • #588,826
  • Jan 27, 2012 12:54am Jan 27, 2012 12:54am
Quoting thevadd
8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
ACTION: SELL EURUSD 3.3% / BUY EURUSD 2.5%
The Trade Plan
We are looking for a deviation between 0.3% ~ 0.5% from the forecasted figure of 3.0%. Therefore if we get a 3.3% on the 4th quarter GDP, it would be US Dollar positive. We will SELL EURUSD. However, if we get a 2.7% release or worse, then we would be BUY EURUSD.
how about going in in advance? bu the time your slopoke broker fills you it will be too late lol)

and since when good news are risk off?
  • #588,827
  • Jan 27, 2012 12:54am Jan 27, 2012 12:54am
3154 all targets met for euro..
  • #588,828
  • Jan 27, 2012 12:56am Jan 27, 2012 12:56am
Euro Chart Hints Down Trend vs Dollar maybe ready to resume.


http://www.dailyfx.com/
New voice message: Why are you calling me? If I need you, I'll call you!
  • #588,829
  • Jan 27, 2012 12:57am Jan 27, 2012 12:57am
Quoting Killy
how about going in in advance? bu the time your slopoke broker fills you it will be too late lol)

and since when good news are risk off?

It is generally believed to get a good number today (3.0) (pl refer to CNBC news). I am thinking to buy on dip well ahead of news. I have a long position open at 1.3090 and will add more if there is a dip below that.
  • #588,830
  • Jan 27, 2012 12:57am Jan 27, 2012 12:57am
Quoting bumapatria
can u share the code bro please.....
I would give it to you, but it's top secret. It's the secret indicator all big banks use. But you can have it now for $29.99.
  • #588,831
  • Jan 27, 2012 12:59am Jan 27, 2012 12:59am
Quoting Killy
ah i see now.. its actually was called Point and Figure charts back in 20ies)

classic tick chart is smth like htis - http://www.petroleumworld.com/images...e-chart450.jpg

NO


this is a point and figure chart ....


and you worked on a bank fx desk!!
Attached Image
  • #588,832
  • Jan 27, 2012 1:04am Jan 27, 2012 1:04am
Quoting Killy
ah i see now.. its actually was called Point and Figure charts back in 20ies)

classic tick chart is smth like htis - http://www.petroleumworld.com/images...e-chart450.jpg

that looks like a daily line chart
  • #588,833
  • Jan 27, 2012 1:09am Jan 27, 2012 1:09am
euro 1.3119 , if it upbroken, thena long opportunity will appear.
  • #588,834
  • Jan 27, 2012 1:11am Jan 27, 2012 1:11am
Quoting MaxDoom
that looks like a daily line chart
yea but funny thing tick chart there looks exactly same (in bloom) (in reuters its like a zigzag) - i just couldnt find a pitcure
  • #588,835
  • Jan 27, 2012 1:12am Jan 27, 2012 1:12am
Quoting MaxDoom
that looks like a daily line chart

geez max....tsk tsk tsk
  • #588,836
  • Jan 27, 2012 1:14am Jan 27, 2012 1:14am
i re entered a long at 1.308 and am still in the trade, is this bad boy going up or down?!

in addition i have a few sell limits at the 1.32 region, and a few buy limits around the 1.304 region.
  • #588,837
  • Jan 27, 2012 1:15am Jan 27, 2012 1:15am
Interesting to see if week can keep rally gains.

London opens with weak 8hr candle and 4hr seems to close around previous close.

May see a bit test up and then test Asia low.
They think they are smarter than I am.
  • #588,838
  • Jan 27, 2012 1:15am Jan 27, 2012 1:15am
Quoting MaxDoom
NO


this is a point and figure chart ....


and you worked on a bank fx desk!!

believe me i didnt use tick or p&f charts back then)) all you see them ticks on charts goes from dealing 3000 on which i set)

i mean that p&f are sort of what he explaind - not moving till there is a move and shit...
  • #588,839
  • Jan 27, 2012 1:17am Jan 27, 2012 1:17am
I see EUR going south today no result from Greece go short go short !!!!
  • #588,840
  • Jan 27, 2012 1:18am Jan 27, 2012 1:18am
Quoting Z3iz3i
Interesting to see if week can keep rally gains.

London opens with weak 8hr candle and 4hr seems to close around previous close.

May see a bit test up and then test Asia low.

If 1.3050 gives then the door to 1.2930 is well and truely open I think.

A test of the low is highly probable
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