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EURUSD

  • #636,961
  • May 1, 2012 4:32am May 1, 2012 4:32am
No no no, no resistance at 1.327, the thing is going bananas right now... mucho money, someone is making.
  • #636,962
  • May 1, 2012 4:34am May 1, 2012 4:34am
Quoting Corona.Fx
This is how I see the future of Euro
As i said in my previous post , market is obliged to fall as in the beginning of the new month price went below 1.3238 that is 76.4% of the fibonacci level . So it should first go to 1.3181 and then 1.3071. break of 1.3019 is the best signal to go deeper.
  • #636,963
  • May 1, 2012 4:35am May 1, 2012 4:35am
Good morning folks.

What do we have on the chart?
Descending resistance line (RED) AND a little bit above confluence of 4-5 Fibo levels AND magic round number 1.3300.
This all together makes me think that this could be a possible “REVERSAL ZONE”, or if not reversal, then at least CORRECTION zone (GREEN)
If resistance line didn't hold, the 1.3300 should stop the price.
We’re now in a 5th wave of uptrend from April 16th, price is loosing momentum and a bigger correction is more likely then ever before.

But remember, many NEWS ahead this week
This scenario is rejected, when price breaks and holds above 1.3300.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 40 KB
Read Charts - Not Papers
  • #636,964
  • May 1, 2012 4:35am May 1, 2012 4:35am
Quoting Saintpeter
Good morning all,

Added new order:
SHORT @ 1.32665 10 lots TP 1.32163 No SL

Holding:
SHORT @ 1.32363 15 lots TP 1.32163 No SL

Cheers

Saint

Note: like i said on previous post i'm not expecting a move higher or lower than 50 pips from where i've place the first order, so i believe 1.3286 will be enough strong to hold it. We are in a cross between an uptrend and downtrend channels, both on daily charts! A break above 3286 will keep uptrend channel alive but a bounce back will keep the downtrend channel running.
CLOSING ORDER:
SHORT @1.32665 10 Lots - CLOSED @ 1.32593 (7.2 pips)

HOLDING:
SHORT @ 1.32363 15 lots TP 1.32163 No SL

Saint
  • #636,965
  • May 1, 2012 4:37am May 1, 2012 4:37am
I did a bad entry on it, but I think that after the 1 to 5 hours I'll be able to escape with 10 to 20 pips... That's assuming current momentum holds back a little. We will see...
  • #636,966
  • May 1, 2012 4:38am May 1, 2012 4:38am
It's reversed short now on the smaller timeframes.
I'm still long not playing this
will wait till US open as over all pair is bullish.
rat
  • #636,967
  • May 1, 2012 4:40am May 1, 2012 4:40am
Quoting rattyo
It's reversed short now on the smaller timeframes.
I'm still long not playing this
will wait till US open as over all pair is bullish.
Yeah... but how far you wanna go, where's your TP?
Read Charts - Not Papers
  • #636,968
  • May 1, 2012 4:40am May 1, 2012 4:40am
You are closing to early man... you going to miss out on at least 15 pips
  • #636,969
  • May 1, 2012 4:40am May 1, 2012 4:40am
price rejected from 61.8 fibo .. keeping my eyes fixated on h1 / h4 for a short entry.
  • #636,970
  • May 1, 2012 4:41am May 1, 2012 4:41am
Quoting Saintpeter
ehehehe they know me :-)

they are thinking: "better have him with this 10 lots order than one of 25 or 35 lots" .. :-)

Cheers

Saint
how can u order with 10----35 lots???? i can only from 0.1 to 8 lots...i started from 1300$ and i have 5400 in 2monts.. i play 1-2 lots now i dont have money for more then 2 lots but i hope in the future..
  • #636,971
  • May 1, 2012 4:41am May 1, 2012 4:41am
Quoting Saintpeter
CLOSING ORDER:
SHORT @1.32665 10 Lots - CLOSED @ 1.32593 (7.2 pips)

HOLDING:
SHORT @ 1.32363 15 lots TP 1.32163 No SL

Saint
Good call but what changed your mind to change your TP you thinking its going back up so played it safe ?
  • #636,972
  • May 1, 2012 4:43am May 1, 2012 4:43am
double bottom on ucad. h1 .. should i enter long ?
  • #636,973
  • May 1, 2012 4:44am May 1, 2012 4:44am
Good morning,
New voice message: Why are you calling me? If I need you, I'll call you!
  • #636,974
  • May 1, 2012 4:44am May 1, 2012 4:44am
Hmmm, I hope I'm not too late for all the good stuff
New voice message: Why are you calling me? If I need you, I'll call you!
  • #636,975
  • May 1, 2012 4:44am May 1, 2012 4:44am
Quoting KillerWhale
Good morning,
mornin' whale
  • #636,976
  • May 1, 2012 4:48am May 1, 2012 4:48am
Quoting KillerWhale
Hmmm, I hope I'm not too late for all the good stuff
u didn't miss anything
  • #636,977
  • May 1, 2012 4:48am May 1, 2012 4:48am
Quoting KiwiTrada
aussie has hitted previous 4hr descending chanel, was a nice chanel, would be ok long her, but heck if it breaks is another nice leg, to next support, just my 2cents
hhe is back for 2nd try
If you are new to Forex? Say Goodbye to your account!!
  • #636,978
  • May 1, 2012 4:50am May 1, 2012 4:50am
we can bouce at 3250 if not we go to 3238and than i dont know
The market was bullish, turned bearish, and you'are brokish!!!
  • #636,979
  • May 1, 2012 4:51am May 1, 2012 4:51am
Quoting halkins
[color=black][font=Verdana]Good morning folks.

What do we have on the chart?
Descending resistance line (RED) AND a little bit above confluence of 4-5 Fibo levels AND magic round number 1.3300.
This all together makes me think that this could be a possible “REVERSAL ZONE”, or if not reversal, then at least CORRECTION zone (GREEN)
If resistance line didn't hold, the 1.3300...
what type EW do you use bro...
WHEN THE MARKET WANTS TO REWARD YOU WITH A CERTAIN AMOUNT OF PROFIT TAKE IT
  • #636,980
  • May 1, 2012 4:51am May 1, 2012 4:51am
Quoting halkins
[color=black][font=Verdana]Good morning folks.

What do we have on the chart?
Descending resistance line (RED) AND a little bit above confluence of 4-5 Fibo levels AND magic round number 1.3300.
This all together makes me think that this could be a possible “REVERSAL ZONE”, or if not reversal, then at least CORRECTION zone (GREEN)
If resistance line didn't hold, the 1.3300...


Hi, good morning,


look here for interesting EW analysis from Eliott-Wave-Surfer

http://theelliottwavesufer.blogspot....alysis-on.html
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