EURUSD

you were right anyway

simple chart pattern in H1 EURUSD

reading PA 5 min bars, looks like you can safely buy this little dip on eu it should come back up during London

Big downward market at mid day.

Your TP expected in about an hour.

How sure are you?

20%
50%
90%
99%

Pick one and tell us why?

'sup?

Here's my EUR/USD weekly chart analysis for anyone who's interested.

The moving averages are T3MAs which are like moving averages of moving averages. What really makes them powerful is when they are used with multiples of 3/9.



Ribbons:
Green: 6 & 9
Red: 27 & 36
Orange: 180 & 270

I also use
Blue: 540 & 810
Purple: 1080 & 1620
But since the weekly chart only goes back ~740 periods the 810/1080/1620 lines are useless



Single lines:
Yellow: 45
Blue: 90
Red: 360

We're at an interesting point in time where important MAs are flattening and converging into each other which means the next months are very crucial.

6 & 9 weekly T3MA will cross next week possibly signaling the continuation of the uptrend. Last week price fell dramatically and tested weekly 6 T3MA as 6 & 9 were narrowing and right after it tested 6 it shot up and closed very close to it's open. Once the MAs cross next week there's a good chance it'll want to test the cross.

Also in the next couple weeks the 36 T3MA that failed to break the important 180 weekly T3MA will cross below the 45 T3MA, and the 27 T3MA which has already broken under 45 T3MA will hit the 90 T3MA. Theoretically this should cause a big buying spurt, but since the weekly 27/36 T3MAs have never crossed such narrow 45/90 T3MAs before I can't say for sure.

Weekly 270 T3MA is only ~120 pips above the current price and that'll be the next big resistance to beat, and if it breaks that it could likely make it back to 1.37/1.38. If it makes it there, then things should start getting pretty interesting.

My trades aren't completely based off the weekly timeframe, as I've found the T3MA with multiples of 3/9 are relevant on all time frames. So even though I'm partially bullish for the midterm it won't keep me from making money if it starts falling.

http://i43.tinypic.com/2psfur5.gif

http://i43.tinypic.com/b6yipz.gif

my pattern to day

We're at H4 Inside Bar (1.318 - 1.329 )..so until price break from this IB ,i won't bother to trade this pair..

i bet i will miss the big move i always do

i'm falling asleep... i tried to scalp but for the last 3+ hours, we've a 10 pip range....

Yesterday ended small bull, so today will end small bear, and tomorrow big bear down. Monday either small bull/bear, then Tuesday midnight makes big bull start upwards for next week

Still holding that trendline. Targeting 1.3275. In case of breakout to bottomside, stop loss moved to BE +1.

Where can I get one of those crystal balls?

(just joking)

simple and easy to read

My ass has gone into retirement the last week for the fear of... prepare for the worst and hopr for the best mentality.... time out for me.. no money for a week on usd but jpy not to bad but not my usual. ='(

my crystal ball saying today going to a violent day fasten your seat belt and enjoy the ride , make sure you take the correct bus (don't ask me which one my crystal ball broken now)


edit : already shoot up

Sometimes you can sense it. Of course a consolidating range on chart helps you sense it, hehe. Nice that it shot up already. Netted my 1.3275 TP target. Good luck mohan76.

Bigger move as expected about hour ago, but.. in opposite direction.
Must make some corrections for this strategy