I see Call of contracts sold on [email protected] / 1.33 and sold [email protected] believe that up to 18/02 will remain around here, we break even on the highest open interest then the probability that there are price drops!
- #592,902
- Feb 8, 2012 2:47am Feb 8, 2012 2:47am
Can anybody please explain me why it would go south ???
I really need technical reasons. I know fundamentally EUR is not worth the value now. But i could not find any satisfying reason for selling technically....
May the forex be with you |
- #592,903
- Feb 8, 2012 2:49am Feb 8, 2012 2:49am
- | Joined Sep 2009 | Status: Trader | 1,621 Posts
Can anybody please explain me why it would go south ???
I really need technical reasons. I know fundamentally EUR is not worth the value now. But i could not find any satisfying reason for selling technically....
" Accepting losses is the most important single investment devise "
- #592,905
- Feb 8, 2012 2:51am Feb 8, 2012 2:51am
I see Call of contracts sold on [email protected] / 1.33 and sold [email protected] believe that up to 18/02 will remain around here, we break even on the highest open interest then the probability that there are price drops!
- #592,906
- Feb 8, 2012 2:51am Feb 8, 2012 2:51am
- Joined Apr 2011 | Status: Liverpool's KOP | 8,050 Posts
Patience, Emotion Control and Discipline.
- #592,907
- Feb 8, 2012 2:52am Feb 8, 2012 2:52am
- | Joined Oct 2011 | Status: Why so serious ??? | 436 Posts
when price hit it's target, because natural tendency ( greedy and fear ). it must decide it's new direction. whether long or short for that both of party seems agree to take a break through retrace, thus , when people agree the target point price retrace. this is retrace of daily , on going of 4 hrs and also on going of 1hr. people are debating now where is hourly target. some said it hit , other said it didn't hit yet . i am the side of not yet. about 70 pips more to the north.
- #592,908
- Feb 8, 2012 2:53am Feb 8, 2012 2:53am
- | Joined Oct 2011 | Status: Why so serious ??? | 436 Posts
It's on the 382 fib, and past support = future resistance - you'll see its currently bouncing against the 25th Nov Low which was resistance. It might not tank but I expect a retrace from these levels. Hope that helps.
I noted those levels, but my bull bias neglected it. Now i feel the importance.
- #592,909
- Feb 8, 2012 2:54am Feb 8, 2012 2:54am
- | Joined Jan 2009 | Status: Don't Tread On Me | 2,059 Posts
Can anybody please explain me why it would go south ???
I really need technical reasons. I know fundamentally EUR is not worth the value now. But i could not find any satisfying reason for selling technically....
Reverse RSI divergence on the weekly...
- #592,910
- Edited 3:07am Feb 8, 2012 2:54am | Edited 3:07am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #592,912
- Feb 8, 2012 2:55am Feb 8, 2012 2:55am
- | Joined Oct 2011 | Status: Why so serious ??? | 436 Posts
near of 200 pip move up in one day 300 pip move up in total of two days,, Overbought zones, Resistence line, outer zone from 4H channel,, before continue the bull trend perhaps we will go down and then later up from the half way, but in real fact we are in strong uptrend
Thanks buddy
- #592,913
- Feb 8, 2012 2:56am Feb 8, 2012 2:56am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #592,914
- Feb 8, 2012 2:57am Feb 8, 2012 2:57am
- | Joined Oct 2011 | Status: Why so serious ??? | 436 Posts
OK I'll play since others are... I think the daily is clearly strongly to the upside, but since you want a purely technical reason, and just to demonstrate that you can usually find some combination of technicals to prognosticate just about anything here's a purely technical one, just to play the game...
Reverse RSI divergence on the weekly...
- #592,916
- Feb 8, 2012 3:00am Feb 8, 2012 3:00am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Average Joe retail trader "wtf moment" is about to materialize in a few.
COT: The precious data ignored
- #592,919
- Feb 8, 2012 3:05am Feb 8, 2012 3:05am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
