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  • #649,141
  • May 29, 2012 1:04pm May 29, 2012 1:04pm
Quoting kuroro001
Just came back from gym club to see such a fall...sweet
It ain't convincing me though...i don't know what i need to convince me anyway. Hence trading intraday is better

Kuroro - I have a question


My Monthly chart is showing 822 pips from High to low


Have you captured at least 50% of this intraday trading?
  • #649,142
  • May 29, 2012 1:32pm May 29, 2012 1:32pm
http://forex-chartanalysis.blogspot.de/
  • #649,143
  • May 29, 2012 1:33pm May 29, 2012 1:33pm
may be this buterfly will fly long today
  • #649,144
  • May 29, 2012 1:50pm May 29, 2012 1:50pm
Quoting sycho
nope..i think it gonna be kept under 1.2533area...if you have a long in that area you best bet would be to close around 1.25015area...cheers
Agreed!! All I trade is gold and use the other currencies to help me predict. Its been a long road of learning, not to mention all the hard lessons I had to learn. End the end for making so many mistakes over the past year at 26 years old, I've made all my money back and a hell of a lot more. I have been reading your comments and I would just like to say congrats on remaining constant. From the looks of it after the 1.2500 area if it hold strong we are looking at the 1.22839 which will probably hold strong for a bit with a tracement back to 1.24500 or around that area. That should tell all the signs of it's next move if this current barrier holds strong for the future.
  • #649,145
  • May 29, 2012 2:35pm May 29, 2012 2:35pm
Greek election uncertainty, even the Assad traders can't change that fact

Be very aware , imminent uk ratings downgrade will strengthen the usd ... It will happen on a friday evening, when no one expects it... Apart from a few shrewd traders who remember!

Everything's set for another euro sell off. Negative correlation in equity index's.. Notice the ftse and dow rose slightly whilst the euro fell... Expect both to drop tomorrow..

And no big traders buy in the summer period... Always a down time
  • #649,146
  • May 29, 2012 3:03pm May 29, 2012 3:03pm
Quoting mv6
buy e/u 2539 sl 2499 tp 2689
to early sl -40p , to learn
More on my Blog...
  • #649,147
  • May 29, 2012 3:30pm May 29, 2012 3:30pm
It's starting to look like is trying to jump off the path with a higher correction. Too close to tell just yet. If so we will be looking a short term long to mid-term. The daily pivot is located at 1.25633; still looking ok as of now in terms of not getting too far out of line. It broke the D_S1 1.25020 on the uptrend, which has me a little worried, but sometime it breaks through with out to much thought. The smart thing to do here is wait it out. Gold is inching right now gold is giving me the indication that it's still in its current downtrend but I could be missing the bigger picture at the moment. It needed a trace meant back to 1630's but fail to hold strong and broke out at the same time as the euro. The AUC/CAD is in a current long term trend but it's in the midst of a downward trace meant but will not know for sure until it breaks 1.00564 to help confirm the short to mid-range down trend with a long trend of upwards action. I do not plan on Gold stopping at the moment but it could very well go sideways, but for me its broke all the points that it needed to, though like the Euro/USD it broke my D_S3 1557.64 by 26 pips which is equal to the amount the euro crossed it line of resistance (D_S1) at 1.25023, which currently just went higher, with gold staying behind. I have a sell currently on go at its current peak, but I probably should of waited. Tricky tricky!!!

Hope this helps!
  • #649,148
  • May 29, 2012 3:41pm May 29, 2012 3:41pm
Quoting Crgone12
[color=black][font=Verdana]It's starting to look like is trying to jump off the path with a higher correction. Too close to tell just yet. If so we will be looking a short term long to mid-term. The daily pivot is located at 1.25633; still looking ok as of now in terms of not getting too far out of line. It broke the D_S1 1.25020 on the uptrend, which has me a little worried, but sometime it breaks through with out to much thought. The smart thing to do here is wait it out. Gold is inching right now gold is giving me the indication that it's still...
Try to google "bump and run reversal pattern."
  • #649,149
  • May 29, 2012 3:43pm May 29, 2012 3:43pm
short aud/usd 9851
looking for investors . pm me
  • #649,150
  • May 29, 2012 3:52pm May 29, 2012 3:52pm
I like what I found, though I need some time to really understand it, becuase it seems like the case of many currencies right now. I get the idea of it just want to understand why and when that happens!! Thanks!!!!
  • #649,151
  • May 29, 2012 4:08pm May 29, 2012 4:08pm
i am short from 2510
Looks like retracement is over around 2510 (DPP), psycho lvl 2500 and 50% fib.
  • #649,152
  • May 29, 2012 4:16pm May 29, 2012 4:16pm
Quoting Motion
That is...if it opens...



Thought u went to bed already. Anyways, it's a more complex view. Put a line at 2616 and another at 2595. That's the main range. Now put another at 2568 and 2547. That's the london range. Trade it appropriately. Enjoy!
It's all about paying attention to details.

First off, sorry about the typo *2595. I meant 2495. Those who followed my short trade could identify it as my TP1.

And as we see, the first red circle was the breakout. The second circle is the re-test. What ever style you used, you still banked good pips. There's no need sitting around and calling the market directionless.

If you wait for the market to tell you where it is going, it'll be there before you know it. Take the risk, even if u lose, it's part of the business.

See ya'll at London. Good luck to Asian traders...
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-05-29_22h00_45.png Size: 25 KB
Don't just beat the markets, leave bruises.
  • #649,153
  • May 29, 2012 4:30pm May 29, 2012 4:30pm
Quoting toti1981
i am short from 2510
Looks like retracement is over around 2510 (DPP), psycho lvl 2500 and 50% fib.
closed +20 pips at 2490.

We wait till 2490 is broken and retested and we can re-short.
  • #649,154
  • May 29, 2012 4:35pm May 29, 2012 4:35pm
Quoting kbmoonshinex
short aud/usd 9851
closed +15
looking for investors . pm me
  • #649,155
  • May 29, 2012 4:43pm May 29, 2012 4:43pm
Quoting Crgone12
It's starting to look like is trying to jump off the path with a higher correction....
Problem is my friend correlation is completely off so I would not be looking at anything but PA and sup&res right now.
My opinion:
Euro - I closed door behind me at 2620 and turn the key at 2500 we are in 2008 scenario with consequences beyond our comprehention - no jokes. Drop will continue at least till election in Greece imo. Then we might see some correction after bearish May.
USDX - I stoped looking at daily and my weekly chart pointing 83.55 which is august 2010 end of correction and further drop again this might be the point for upside correction after bearish May.
GBP - 1560 and we are inches away will it bounce or be crossed? PA on daily doesn't say anything tommorow we will know. H4 begging for a bounce but these days anything can happen.
AUD - Last week formed a bullish doji off 9690 a very important support this week will determine everything as it will form morning star - perfect one - or will bust trought that support. Daily from today forming bearish doji after two days of gains and I am in favour of a further drop.

So many similair scenarios but everything can happen. Best thing to do?
Ignore that bollocks above wait for London open and go with the flow.
Stay safe & trade well
swing it!
  • #649,156
  • May 29, 2012 4:59pm May 29, 2012 4:59pm
Quoting tomspin
Problem is my friend correlation is completely off so I would not be looking at anything but PA and sup&res right now.
My opinion:
Euro - I closed door behind me at 2620 and turn the key at 2500 we are in 2008 scenario with consequences beyond our comprehention - no jokes. Drop will continue at least till election in Greece imo. Then we might see some correction after bearish May.
USDX - I stoped looking at daily and my weekly chart pointing 83.55 which is august 2010 end of correction and further drop again this might be the point for upside correction...

Agreed I just need to control my need to feel out everyones advice which can cause me pain sometimes, when I know I was right all along. I'm getting better at following my own advice. Some reason that's a hard battle: getting their though, that is in my own way. Thanks for the motivation!!
  • #649,157
  • May 29, 2012 5:09pm May 29, 2012 5:09pm
Quoting forexchequer
Lots of views and all very interesting. The big players knows where the buy or sell orders are so that ultimately is how it is. If there is no liquidity they will move the maket in a tight range and the those orders will be hit and stops will also be taken out, thus liquidity will be introduced because those that are losing will want to get back in and cover their losses. Now, I think that EURUSD will get to 1.2457 before the Greek elections. The party that wins will be the ones who are pro austerity. Then after that,the EURO will go to at least...
We got to 1.2460 yesterday it bounced back up to 1.2492 it will try again to get to 1.2457 then according to my monthly chart 1.2158. Now off to bed,
  • #649,158
  • May 29, 2012 5:12pm May 29, 2012 5:12pm
Quoting Crgone12
Agreed I just need to control my need to feel out everyones advice which can cause me pain sometimes, when I know I was right all along. I'm getting better at following my own advice. Some reason that's a hard battle: getting their though, that is in my own way. Thanks for the motivation!!
The only advice you should take is your own interpretation of your charts. Then learn to get your entry right.
  • #649,159
  • May 29, 2012 6:24pm May 29, 2012 6:24pm
Quoting vladimir.kuc
System targets -

http://imgs.su/tmp/2012-05-12/1336845147-575.jpg


+~440p.
at current moment


eur/usd d5 - no signal ..


___
current signal only at
h1

possible new scenario -
http://imgs.su/tmp/2012-05-30/1338333840-575.jpg
  • #649,160
  • May 29, 2012 7:47pm May 29, 2012 7:47pm
2471 = Big Number on Larger Chart. Watch for bounce.
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