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  • #637,861
  • May 1, 2012 8:58pm May 1, 2012 8:58pm
Quoting quidproquo
What do you guys think the Euro session will do with this? It sure seems like they like to pump the Euro up. They throw a little head fake short in at the beginning and then they go long, long, long. Opinions?
dax opening might give some direction , it have to catch up yestuday with usa data , it should open gap up, if it manage to open 6850 and 6850 hold we might see bull in control

todays German Unemployment Change can change direction
Mohan
  • #637,862
  • May 1, 2012 9:00pm May 1, 2012 9:00pm
Quoting mohan76
dax opening might give some direction , it have to catch up with usa data , it should open gap up, if it manage to open 6850 and 6850 hold we might see bull in control
yes, keep an eye on DAX, die deutsche bunds as Cloggie also did....
  • #637,863
  • May 1, 2012 9:01pm May 1, 2012 9:01pm
Morning Everyone,
Daily
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  • #637,864
  • May 1, 2012 9:06pm May 1, 2012 9:06pm
Quoting Ares13
Morning Everyone,
Daily
maybe an inverted head and shoulders?...just my 2 pip

Edit: inverted double bottom....as this period is so akward.....
  • #637,865
  • May 1, 2012 9:13pm May 1, 2012 9:13pm
Quoting torex
maybe an inverted head and shoulders?...just my 2 pip

Edit: inverted double bottom....as this period is so akward.....
maybe, but you can see the H1
  • #637,866
  • May 1, 2012 9:14pm May 1, 2012 9:14pm
hey, I miss Cloggie trying to enlighten us ......just a glimpse...just his opinion...just his point of view...
  • #637,867
  • May 1, 2012 9:17pm May 1, 2012 9:17pm
Still looks like that daily trend-line is holding in. It looked like it was going to close above this morning then news around 10am EST brought us back down again. I think if we can get a nice bullish candle formation closed above this we could get a breakout. If not, this could also be a descending triangle formation where we have the breakout on the bottom.
Whatever it is, its bound to happen soon.
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All posts are my personal opinion
  • #637,868
  • May 1, 2012 9:18pm May 1, 2012 9:18pm
Quoting torex
maybe an inverted head and shoulders?...just my 2 pip

Edit: inverted double bottom....as this period is so akward.....
Looks more like a bearish gartley to me, besides an inverted HnS is a reversal pattern, daily timeframe doesn't look like a trend, more like a ranging market.
  • #637,869
  • May 1, 2012 9:25pm May 1, 2012 9:25pm
Quoting Ares13
maybe, but you can see the H1
yes...i see the 1hr tf...BUT what i read is: @1.3210-1.3205 is a demand area which is an older supply area....therefore i should be careful......a thing i have learned in this business is that ALWAYS TO TO EXPECT THE UNPREDICTABLE
  • #637,870
  • May 1, 2012 9:28pm May 1, 2012 9:28pm
Quoting torex
yeahh man, but trade what you see not what you expect. i also thought that gbpusd is oversould around 1.6070 and where am i? my account is blew due to poor MM
GL from a newbbie
Yep. That's what I did. I waited for price to fall to the trendline and see if it would break it or not. Then when it stalled and started rising, I went long. I'm having better results lately with just picking tops. I do set and forget. But when I'm home from work and if I see something, then I'll execute it and babysit it. GL to you, too.
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Time turns trend. - W.D. Gann
  • #637,871
  • May 1, 2012 9:31pm May 1, 2012 9:31pm
HSBC Final Manufacturing PMI 49.3 (flash was 49.1) should be bull ?

edit : it's null
Mohan
  • #637,872
  • May 1, 2012 9:39pm May 1, 2012 9:39pm
Quoting mohan76
HSBC Final Manufacturing PMI 49.3 (flash was 49.1) should be bull ?

edit : it's null
There was contraction in the economy. Overall number was just about even, but it can be twisted negatively... all in all no no surprises.
  • #637,873
  • May 1, 2012 9:45pm May 1, 2012 9:45pm
Quoting mohan76
HSBC Final Manufacturing PMI 49.3 (flash was 49.1) should be bull ?

edit : it's null
CABLE IS FALL OUT HER ZONE BRO
If you are new to Forex? Say Goodbye to your account!!
  • #637,874
  • May 1, 2012 9:59pm May 1, 2012 9:59pm
Quoting KiwiTrada
CABLE IS FALL OUT HER ZONE BRO
yes , so far she behave good

eu tapping 23 , waiting for reaction
Mohan
  • #637,875
  • May 1, 2012 10:00pm May 1, 2012 10:00pm
How does asian traders make money when they are in tight 10pips range? Or do they get in a position and stare at the charts?
  • #637,876
  • May 1, 2012 10:03pm May 1, 2012 10:03pm
EURUSD H4 TF
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  • #637,877
  • May 1, 2012 10:06pm May 1, 2012 10:06pm
Quoting jayjb
How does asian traders make money when they are in tight 10pips range? Or do they get in a position and stare at the charts?
most of the day it's risk free money in Asian session , if you have decent trading account one or two 10 pip trade more than enough

ps it was 25+ pip move today
Mohan
  • #637,878
  • May 1, 2012 10:11pm May 1, 2012 10:11pm
Quoting mohan76
yes , so far she behave good

eu tapping 23 , waiting for reaction
Yes very old mofu closes below up to 4hr is going swing bias
If you are new to Forex? Say Goodbye to your account!!
  • #637,879
  • May 1, 2012 10:20pm May 1, 2012 10:20pm
Quoting thomas_c
EURUSD H4 TF
Yes, I think so
  • #637,880
  • May 1, 2012 10:21pm May 1, 2012 10:21pm
Quoting jayjb
How does asian traders make money when they are in tight 10pips range? Or do they get in a position and stare at the charts?
It depends what do you call an Asian Session. Two hours after London open is also Asian.
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