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  • #10,881
  • Feb 9, 2012 11:01am Feb 9, 2012 11:01am
We need to see daily close, but i opt for continuation of bull move.
  • #10,882
  • Feb 9, 2012 11:06am Feb 9, 2012 11:06am
There is also an ascending symetrical triangle on various TF (below H1)
Clean break of 1.331 would mean further up.

Because of Bearish HD on MACD (H1), I am now more and more considering banking it. Each time I did not take H1 bearish HD into consideration, I paid the price...

So may be a decent pullback before further up to 1.35 level?!?
I'd like to see 1.3385 but what I'd like to see and what's going to happen .... you know the rest of the story.


Quoting BrunargarFx
There is a strong bearisg HD on H1
  • #10,883
  • Feb 9, 2012 11:30am Feb 9, 2012 11:30am
Quoting T@rantula
We need to see daily close, but i opt for continuation of bull move.

in the time frame i make my analisys its hard to say. I would go for bear side, but with 50% of confidence only... better wait tomorrow, 8gtm and go with the trend
I'm indeed a talking panda. How are you?
  • #10,884
  • Feb 9, 2012 11:32am Feb 9, 2012 11:32am
Quoting Ian
Couple of quick trades during and after ECB Press con - buying off recent support levels.

Attachment

Attachment

Attachment

Hello!
If you don't mind, what is the CCI period you using and how much is the size of the bars?


I remembered the time I used divergences with range bars, but was on ninja trader, a paid system. I want something like that in my Mt4


Thanks
I'm indeed a talking panda. How are you?
  • #10,885
  • Feb 9, 2012 11:55am Feb 9, 2012 11:55am
Quoting Pandamonium
Hello!
If you don't mind, what is the CCI period you using and how much is the size of the bars?


I remembered the time I used divergences with range bars, but was on ninja trader, a paid system. I want something like that in my Mt4


Thanks
Hi P, It's CII not CCI, standard settings, they're 5 pip bars.
Follow, don't anticipate.
  • #10,886
  • Feb 9, 2012 1:42pm Feb 9, 2012 1:42pm
Here are my current toughts on H1 (Cf attachment).
If no decision on Greek bailout, it will be difficult to get through monthly res. and I have MACD bearish HD appearing. So I have put all my SL to 1.3275 except for my position opened at 1.3060.
I will short on break of 1.328 (pending S with 15 pips SL) with target being the LTL of the upmove (redline): i.e. 1.316 (over weekend) or possibly 1.3135 if sell-off tomorrow (Friday after all, we may see some profit taking while the Greeks still discuss whether they are going to beb bailed out or default...).

Note that a retest of the breakout line (317x) would be nice)

I will then reload Long there.
That's the Plan...
Attached File(s)
File Type: doc EUR USD.doc   39 KB | 239 downloads
  • #10,887
  • Feb 9, 2012 1:55pm Feb 9, 2012 1:55pm
Anyone trade DownJ?
I don't but i keep an eye on everything
Checking DownJ PA Now 12900
This thing will drop to 10330 (In my view)
Egkid
  • #10,888
  • Feb 9, 2012 2:09pm Feb 9, 2012 2:09pm
Quoting BrunargarFx
Here are my current toughts on H1 (Cf attachment).
If no decision on Greek bailout, it will be difficult to get through monthly res. and I have MACD bearish HD appearing. So I have put all my SL to 1.3275 except for my position opened at 1.3060.
I will short on break of 1.328 (pending S with 15 pips SL) with target being the LTL of the upmove (redline): i.e. 1.316 (over weekend) or possibly 1.3135 if sell-off tomorrow (Friday after all, we may see some profit taking while the Greeks still discuss whether they are going to beb bailed out or default...)....
3270 my Low "Suppose to b Buy point "and looks possible on my 15 min TF
I thought not to post this any way i could b wrong and I'm sure u will read ur own chart.
GL
  • #10,889
  • Feb 9, 2012 3:47pm Feb 9, 2012 3:47pm
I assume you meant 3170
We would be right back to daily supply...
Just having a last look at the chart on smaller TF (M5) and it looks like a pennant so may be further up during Asia. Above 1.3385 we would be in weekly supply, so a good place to put a short as well...
I'm thinking about leaving a long pending order above 1.339 with tight SL (15pips) during Asia.

Ah well, could well be in the same place tomorrow morning

I'm looking forward to it
)

See you tomorrow


Quoting egkid
3270 my Low "Suppose to b Buy point "and looks possible on my 15 min TF
I thought not to post this any way i could b wrong and I'm sure u will read ur own chart.
GL
  • #10,890
  • Feb 9, 2012 6:45pm Feb 9, 2012 6:45pm
Aussie failed to break 0820, daily closed doji again now dropping due to RBA as expected hinting future rate cuts, still they say in the statement to expect the exchange rate to remain above 1.07 USD.
Don't get mad, get even!
  • #10,891
  • Feb 9, 2012 6:52pm Feb 9, 2012 6:52pm
Quoting egkid
Anyone trade DownJ?
I don't but i keep an eye on everything
Checking DownJ PA Now 12900
This thing will drop to 10330 (In my view)
Egkid
and how do you think this gonna happen anytime soon

its never easy to drop 3000 points or so without a big reason and as far as us economy is concerned its doing better so we may just stick on here N there as we normally do
finding A M S
  • #10,892
  • Feb 9, 2012 9:17pm Feb 9, 2012 9:17pm
Nice bear flag on the 4hr chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Bearflag 021012.JPG Size: 70 KB
  • #10,893
  • Feb 9, 2012 10:27pm Feb 9, 2012 10:27pm
Quoting AlexC
Nice bear flag on the 4hr chart.
Dont see that as a bear flag...pattern buddy...
Could be a divergence channel but not a bear flag just my 2 pence..


Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,894
  • Feb 9, 2012 11:25pm Feb 9, 2012 11:25pm
yep im wih egkid. DJ crash comin by...

dow jones cycles will be here soon when im less sleepy
Have I got something on my face, SOLDIER?
  • #10,895
  • Feb 9, 2012 11:49pm Feb 9, 2012 11:49pm
Although in previous posts I was suspecting a strong down move, but due to hesitation one last possibility remains and its a important one that caught my eyes.

Here we go...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 91 KB
  • #10,896
  • Feb 10, 2012 1:03am Feb 10, 2012 1:03am
Morning all
Wake up sleepy head
  • #10,897
  • Feb 10, 2012 1:25am Feb 10, 2012 1:25am
Good morning!
Quoting egkid
Morning all
Wake up sleepy head
  • #10,898
  • Feb 10, 2012 1:33am Feb 10, 2012 1:33am
Yep, doesn't look like a bear flag
Quoting BlackWid0w
Dont see that as a bear flag...pattern buddy...
Could be a divergence channel but not a bear flag just my 2 pence..


Regards
BW
  • #10,899
  • Feb 10, 2012 1:38am Feb 10, 2012 1:38am
Hi Kambooj,
I am now looking at the same levels (see my post of yesterday evening) but for different reasons.

Quoting Kambooj
Although in previous posts I was suspecting a strong down move, but due to hesitation one last possibility remains and its a important one that caught my eyes.

Here we go...
  • #10,900
  • Feb 10, 2012 1:44am Feb 10, 2012 1:44am
Hello guys here is the level count for London session:

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 75 KB


Technically EU would need to stay below 3240, ideally below 3233 for the bears to have upper hand.
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