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  • #10,801
  • Feb 8, 2012 8:51am Feb 8, 2012 8:51am
For as long as 1.32 is not broken, I'll go with Longs. But will wait for decision in 10 mn and reload on pullback

Quoting Kambooj
Hi T@rantula:

I still cant see this thing going much further up. My own median line says that once it breaks below the blue line, then it has sufficient momentum to drop to the lower red line, and once it does that, then it has broken off the weak part of the shown circle. Then it wont come back, and will drop lower clearing 3025 and below.

Its barely holding up to the inside of the circle, which at many times it means that it doesnt have sufficient momentum to go upwards. My experience has been that...
  • #10,802
  • Feb 8, 2012 8:52am Feb 8, 2012 8:52am
Curent Eu Chart
Regards
Bw
Attached Image (click to enlarge)
Click to Enlarge Name: Current eu.gif Size: 20 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,803
  • Feb 8, 2012 8:53am Feb 8, 2012 8:53am
Never trade it myself but the cross is a always a good representation of strength/weakness between and across the channel
This one might go off soon.
Attached Image (click to enlarge)
Click to Enlarge Name: eg090212a.gif Size: 40 KB
Don't get mad, get even!
  • #10,804
  • Feb 8, 2012 8:53am Feb 8, 2012 8:53am
I definetly agree with your view, that if it breaks higher up, its going to be fast and quick and at least a 500 pip move.

The way I see it is through a bigger circle on the H4/H8 that I have been tracking for a while as shown. If it breaks it has to travel 1/4 to 1/3 of the distance shown very very fast.

The only problem is that such circles dont get broken easily, and it would be asking for a lot to do so.

Thats my opinion, but anything can happen

Quoting BrunargarFx
Hi guys,

I have a little bit of time on my hands as market is not moving.
Here is what I am looking at on Higher TF. I kept it simple - there are many intermediate levels I will consider, including fibo.

Break of the neckline (1.3285) should bring a 500-600pips push up.This is calculated from the low to the next line (first blue arrow) and added to the break of the next line (second blue arrow).

I'm expecting some strong Res around 1.34 and then in the 1.37 area. We could see an extension to 1.38 and then may be continuation...

My plan is...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 102 KB
  • #10,805
  • Feb 8, 2012 8:59am Feb 8, 2012 8:59am
Quoting Kambooj
Hi T@rantula:

I still cant see this thing going much further up. My own median line says that once it breaks below the blue line, then it has sufficient momentum to drop to the lower red line, and once it does that, then it has broken off the weak part of the shown circle. Then it wont come back, and will drop lower clearing 3025 and below.

Its barely holding up to the inside of the circle, which at many times it means that it doesnt have sufficient momentum to go upwards....

The currency pair is strongly driven by fundies from EU especially Greece region. If they come to agreement we should see 3350, then we could see a nice retracement to the downside. But I wont predict anything, just going with the flow.

If 2975 on your chart is touched as you say, it wont make a retracement it could be a sign of a possible reversal where we need to watch if market makes LH and LL.

For the moment its range play so u could sell/buy all the day in this 3240-3285 range.

Me personally have bought the dips 2 times, well not actually dips its more of a limited retrace.
  • #10,806
  • Feb 8, 2012 9:00am Feb 8, 2012 9:00am
Quoting BlackWid0w
Curent Eu Chart
Regards
Bw
Long at 45? Good range play BW.

Your daily indeed shows inverse head & shoulders and that is what should be taken into account.
  • #10,807
  • Feb 8, 2012 9:00am Feb 8, 2012 9:00am
Hey Kambooj,
Thanks for responding to my post. Always value your views m8.
Quoting Kambooj
I definetly agree with your view, that if it breaks higher up, its going to be fast and quick and at least a 500 pip move.

The way I see it is through a bigger circle on the H4/H8 that I have been tracking for a while as shown. If it breaks it has to travel 1/4 to 1/3 of the distance shown very very fast.

The only problem is that such circles dont get broken easily, and it would be asking for a lot to do so.

Thats my opinion, but anything can happen
  • #10,808
  • Feb 8, 2012 9:07am Feb 8, 2012 9:07am
Quoting stulic
Never trade it myself but the cross is a always a good representation of strength/weakness between and across the channel
This one might go off soon.
Classic.
Attached Image (click to enlarge)
Click to Enlarge Name: eg090212b.gif Size: 39 KB
Don't get mad, get even!
  • #10,809
  • Feb 8, 2012 9:09am Feb 8, 2012 9:09am
Quoting BlackWid0w
My Target on reversal is 75 which is the lower TL of Triangle
75 Take 2/3 off +30 pips done for the day 1/3rd running at be

Job done: Bring on the news :-)

Thanks T for your comments on trade and chart appreciated..

Have a lovely day

BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,810
  • Feb 8, 2012 9:19am Feb 8, 2012 9:19am
Remarkable news from Greece -- the meeting between the Greek prime minister and the leaders of the country's three biggest parties is about to begin.George Papandreou, Antonis Samaras and George Karatzaferis have just arrived at Lucas Papademos's office.
Just 53 hours later than Monday's deadline to give the EU an answer, but who's counting, eh?

Now the waiting begins – will the quartet swiftly endorse the draft agreement for the €130bn bailout


Source mentioned in previous post
Regards
BW



( At last the translation complete)
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,811
  • Feb 8, 2012 9:20am Feb 8, 2012 9:20am
Quoting stulic
Classic.
BPC

Quoting BlackWid0w
75 Take 2/3 off +30 pips done for the day 1/3rd running at be

Job done: Bring on the news :-)

Thanks T for your comments on trade and chart appreciated..

Have a lovely day

BW
  • #10,812
  • Feb 8, 2012 9:25am Feb 8, 2012 9:25am
nice
well done
Quoting stulic
Classic.
  • #10,813
  • Feb 8, 2012 9:38am Feb 8, 2012 9:38am
hello to all the den

short eu at intraday lunar cycle..

lets see if it even moves a snidget.
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i am timing myself for a possible drop in price based on my daily cycle analysis.
Attached Image (click to enlarge)
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the moving average is a mirror average of past PA and its been following it quite to the tee... resistance to me is 3300 based on another more... "crazy" type of analysis that would be better of not posted ..
Have I got something on my face, SOLDIER?
  • #10,814
  • Feb 8, 2012 10:05am Feb 8, 2012 10:05am
just playing the range...
for 20...
waiting for some news to push us along.. had a long last night but no follow thru from yesterday..
Attached Image
  • #10,815
  • Feb 8, 2012 10:18am Feb 8, 2012 10:18am
If the drop clears the dotted median line that can fall anywhere from 3180-3200, then I dont see why it wouldnt fall further down to the solid bottom red line at 2975. Has to stay above the dotted median line for all practical purposes of bullishness.
Attached Image (click to enlarge)
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  • #10,816
  • Feb 8, 2012 10:22am Feb 8, 2012 10:22am
Quoting T@rantula
If the market is waiting for afternoon Greek politicians meeting, we may dip to 3240-20 before next move.
We are here, now lets see the reactions.
  • #10,817
  • Feb 8, 2012 10:40am Feb 8, 2012 10:40am
We needed to revisit 1.322 for further continuation. Let see how it develops
Quoting T@rantula
We are here, now lets see the reactions.
  • #10,818
  • Feb 8, 2012 4:58pm Feb 8, 2012 4:58pm
My trendline analysis still pointing to a drop. Here is a different perspective on the same situation:

Maybe not a drop to 2975, but to 3090 followed by another series of rises.

This thing is maxed out anywhere between 3290-3320. Odd spike might occur or might not, but its a sell setup.
Attached Image (click to enlarge)
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  • #10,819
  • Edited 6:49pm Feb 8, 2012 6:24pm | Edited 6:49pm
Good Evening all

Bearish Descending Triangle in Play

Chart is Attatched

This is intraday chart pattern for those new to charting have attatched
an explanation

Trades to Play are :
Short at or near TL 15 pips Stop loss with a target of breakout
Break above Triangle and close above means range continuation

Regards BW
Attached Image (click to enlarge)
Click to Enlarge Name: Bearish EU Triangle.gif Size: 22 KB
Attached Image
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,820
  • Feb 8, 2012 6:32pm Feb 8, 2012 6:32pm
Quoting BlackWid0w
Good Evening all

Bearish Ascending Triangle in Play

Chart is Attatched

This is intraday chart pattern

Trades to Play are :
Short at or near TL 15 pips Stop loss with a target of breakout
Break above Triangle and close above means range continuation

Regards BW
Nice

Should be a DEscending triangle tho.
Don't get mad, get even!
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