If there was easy money lying around,no one would be forcing it into your
- #25,061
- Mar 22, 2012 4:44am Mar 22, 2012 4:44am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
- #25,062
- Mar 22, 2012 4:49am Mar 22, 2012 4:49am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
PT Theorm pattern confirmed, done and dusted.
Next target 1.3080/60 area by today or tomorrow.
ADD: If 1.3080/60 area holds and it reverses back up from there, there is a possibility of an inverse H/S pattern. Use caution there.
Next target 1.3080/60 area by today or tomorrow.
ADD: If 1.3080/60 area holds and it reverses back up from there, there is a possibility of an inverse H/S pattern. Use caution there.
Those who say it cannot be done should not interrupt those who are doing it
Good morning! Price managed to form what could be a right shoulder for a possible 4H-H&S, coupled with a MACD crossover. Now, for this to be on its completion, price should descend to the neckline, thus making 1.3250 critical. A break above would lead to other paths, that I have yet to cover..right now I am concentrating on this short. Good luck and trade safe!
Attachment
![Click to Enlarge
Name: genuinelyFX_2012.03.22_eurusd_h4[2].jpg
Size: 156 KB](/attachment/image/925878/thumbnail?d=1365753494)
charting the euro...
- #25,065
- Mar 22, 2012 4:55am Mar 22, 2012 4:55am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #25,066
- Mar 22, 2012 4:59am Mar 22, 2012 4:59am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I guess that's the only thing that could sustain a technical target of 1.4 in the next couple of months...
Far cry from 1.40
However, anything is possible. Europe may miraculously cure all their debt and growth problems by the end of the month (NOT!!!)
Those who say it cannot be done should not interrupt those who are doing it
- #25,067
- Mar 22, 2012 5:00am Mar 22, 2012 5:00am
- Joined Sep 2011 | Status: Trader | 733 Posts | Online Now
PT Theorm pattern confirmed, done and dusted.
Next target 1.3080/60 area by today or tomorrow.
Attachment
H1 , H4 both beautifully surrounded by bears
..... Hope the downtrend continues before super mario comes....
Bulls Run. Bears Bite. We Profit.
- #25,070
- Mar 22, 2012 5:03am Mar 22, 2012 5:03am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #25,071
- Mar 22, 2012 5:04am Mar 22, 2012 5:04am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
H1 , H4 both beautifully surrounded by bears
On the other hand, when the USD swaps from the Fed expire, they will want a stronger Euro so that they can pay back less money to the Fed.
Conclusion: Draghi is going to be very careful to keep things as balanced as possible. Remember price stability is the mandate.
Those who say it cannot be done should not interrupt those who are doing it
- #25,072
- Mar 22, 2012 5:05am Mar 22, 2012 5:05am
Well the target from the neckline up will be 290 pips so that would make it 1.3580
Far cry from 1.40
However, anything is possible. Europe may miraculously cure all their debt and growth problems by the end of the month (NOT!!!)
- #25,073
- Mar 22, 2012 5:06am Mar 22, 2012 5:06am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #25,075
- Mar 22, 2012 5:09am Mar 22, 2012 5:09am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
What if all leaders go to pope for confession and he declares forgiveness to all sins and debts? For some 10 holy mary's and some domestic work to remorse? World is saved at April 1st?
Those who say it cannot be done should not interrupt those who are doing it
- #25,076
- Mar 22, 2012 5:10am Mar 22, 2012 5:10am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Hmmmmm interesting.....
Around how much price eu will make them happy or the want to keep?
Those who say it cannot be done should not interrupt those who are doing it
- #25,078
- Mar 22, 2012 5:21am Mar 22, 2012 5:21am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
No. What FXM needs is an indicator that redraws H4 and higher candles with different open and close times. Like a TZ shift, but the key is that candles are redrawn. Lines won't help.
I am sure I could probably write something to do that but it would be processor intensive and slow down his chart update. MT4 sucks for that.
I know I've deleted 6 or 8 MT4 brokers from my programs file as there were too many different time zones....
PS I couldn't resist a dead cat's bounce for 25 pips, now I'll wait for NY....
Trading Levels with WRBs
- #25,079
- Mar 22, 2012 5:22am Mar 22, 2012 5:22am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #25,080
- Mar 22, 2012 5:23am Mar 22, 2012 5:23am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Ah - that's always a problem with 4 hour candles - so get 4 demo's, each with different broker's time zone - that should solve it
I know I've deleted 6 or 8 MT4 brokers from my programs file as there were too many different time zones....
PS I couldn't resist a dead cat's bounce for 25 pips, now I'll wait for NY....
Those who say it cannot be done should not interrupt those who are doing it