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EURUSD

  • #650,301
  • May 31, 2012 2:59pm May 31, 2012 2:59pm
Weekly
http://s7.postimage.org/yjfqcj8p5/eud_usd_1.png
Link:http://s7.postimage.org/yjfqcj8p5/eud_usd_1.png

Daily
http://s7.postimage.org/onencw2x5/eud_usd_2.png
Link:http://s7.postimage.org/onencw2x5/eud_usd_2.png

I'll wait until the NFP, but probably we will see a retracement.
  • #650,302
  • May 31, 2012 3:01pm May 31, 2012 3:01pm
Quoting tomspin
Who says its CCI its a gamble for fun with micro position after this weeks gains I can have a go, Tommorow is friday and end of the month I'll risk 20 pipers.

Controversy what would we do withouth them?

Ironically...this is what I was thinking yesterday - and in hindsight, I probably had less of a reason to do it than you currently do.


Anyway, good luck!
  • #650,303
  • May 31, 2012 3:28pm May 31, 2012 3:28pm
k ive got my long pips now looking at weekly i think its time to short into the overnite.

gotta go with the evidence the tape presents.

im not so arrogant to assume i see all.

its all probabilities. you win some and lose some.

watching that neckline at 1.25 for clearance to the upside later
Attached Image (click to enlarge)
Click to Enlarge Name: eur weekly.gif Size: 11 KB
  • #650,304
  • May 31, 2012 3:37pm May 31, 2012 3:37pm
yes tom its false

Quoting tomspin
Trying to jump on a double bottom???? wouldn't be safer to wait for 42???
If I am right about reason for your entry thats really aggresive trading
That doji looks tempting I must say

http://s18.postimage.org/dfmgve095/euro.gif
image upload
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #650,305
  • May 31, 2012 3:38pm May 31, 2012 3:38pm
my daily is pointing to 2259, weekly 2204...
  • #650,306
  • May 31, 2012 3:42pm May 31, 2012 3:42pm
Quoting todstars2
k ive got my long pips now looking at weekly i think its time to short into the overnite.

gotta go with the evidence the tape presents.

im not so arrogant to assume i see all.

its all probabilities. you win some and lose some.

watching that neckline at 1.25 for clearance to the upside later
It has got to break one way or the other, and it will, I am still looking for it to go down to 1.2158 then 1.1973. The monthly chart has all the info you need.
I don't post charts as all can see what I see on their own charts just trade responsibly.
  • #650,307
  • May 31, 2012 3:44pm May 31, 2012 3:44pm
Quoting attila
my daily is pointing to 2259, weekly 2204...
im seeing that too.
Attached Image (click to enlarge)
Click to Enlarge Name: eur dailyja.gif Size: 11 KB
  • #650,308
  • Edited 5:15pm May 31, 2012 5:13pm | Edited 5:15pm
Quoting tomspin
Ok contoversy, what would we do without them, I love candles and can trade sometimes in an aggressive way. I really should wait for confirmation BUT as I decided my BUY LONG (yes I said it) is valid on Daily chart.
I will go against the tides.
Long @ 1,2365 SL @1,2345 TP1 @1,2500
Risking little to gain big.

http://s15.postimage.org/te90eble3/euro.gif
upload pictures
Hey mate,
This one is very interesting, on weekly and daily we have divergences, weekly one gives us a butterfly pattern, which means the target should be (statistically) at the first fib 38.2 level which is 1.3318 (this time, a possible a long for long). I would change the SL a bit lower (10 pips lower) just in case for a retest. Well, it's a must trade, the rules fit, I take the trade with similar SL and TP a bit higher ( 1.33) on weekly chart; bulls or bears, not taking it causes hesitation, doubts and these are and should be out of the ROE (rules of engagement) and the mind. (this trade has nothing to do with inter-day trading, a long patient trade)
I haven't been following the forum during the day, but there have been nice inter-day trades in most major pairs 1H tf, traded them all and all get to my TPs.
Good night
  • #650,309
  • May 31, 2012 7:35pm May 31, 2012 7:35pm
Quoting ThirdMan
oh maaan don't do that
im having a chuckle at him... everyone is shouting sell and there are still buyers
  • #650,310
  • May 31, 2012 7:58pm May 31, 2012 7:58pm
It's OK to have some buyers but when I see the targets, that's what cracks me up... 2500 and higher, when there is NO trace of longs on the charts.. wait, maybe on M1 I can find some.. Somebody show me a candle that says buy H4 and up because that's where I think the 2500 comes from.. Or maybe it's that little line on the chart that will stop the train wreck.. I don't know..
  • #650,311
  • May 31, 2012 8:02pm May 31, 2012 8:02pm
.........aaaannnndddd we're falling.... while I was writing that stupid post above..
  • #650,312
  • May 31, 2012 8:06pm May 31, 2012 8:06pm
What is pair break point. I see many treader says "In 15M/1H/4H chart, if the pair break X.X380 then maybe we will see X.X400 or If the pair break X.X340 then maybe we will see X.X320

I am trying to find pair break point which treader follow this.
  • #650,313
  • May 31, 2012 8:07pm May 31, 2012 8:07pm
Meanwhile in Asia....
Euro just broke the 2008 low.
falling and falling. this month starts good.
  • #650,314
  • May 31, 2012 8:09pm May 31, 2012 8:09pm
Quoting tightscalper
im having a chuckle at him... everyone is shouting sell and there are still buyers
There is nothing wrong with buy positions, it's all part of the trading rules, SL do their job, even if someone like me goes for a long, it doesn't mean anything because on smaller scale time frames like 1H or 8pips range I do the rest of the trades and there profitable.
We all in the unknown marketplace, so we use rules, patterns that repeat themselves, fibs with supports and resistances, so it gives us a clue what might happen but we don't know which way.
Some fill, guess, fundamental studies and some technical, what rules are good for if we bend them unwillingly, stick to the rules and free your mind. Just think of the fact that anything can happen, whatever level it reached back it 2010, who thought several hours before the very bottom point it would reach 1.50. I bet many screamed short with everyone.
Mind free and loose trades will do that work. I don't mind the longs get to the SLs, it's a big ocean with endless count of opportunities and I trade many pairs simultaneously and combined they do a good count of pips.

Green Pips
  • #650,315
  • May 31, 2012 8:10pm May 31, 2012 8:10pm
my chart is red... all red. everything red....
exept my pips
  • #650,316
  • May 31, 2012 8:16pm May 31, 2012 8:16pm
Quoting Andreenzo
Meanwhile in Asia....
Euro just broke the 2008 low.
falling and falling. this month starts good.
what's the 2008 low
  • #650,317
  • May 31, 2012 8:17pm May 31, 2012 8:17pm
Quoting dotless
what's the 2008 low
2329
  • #650,318
  • May 31, 2012 8:29pm May 31, 2012 8:29pm
Quoting Andreenzo
2329
well, for me it's 2323. so it hasn't for me but it's close.
  • #650,319
  • May 31, 2012 8:29pm May 31, 2012 8:29pm
Quoting Andreenzo
my chart is red... all red. everything red....
exept my pips
green pips are only green when they banked bro,

trade safe trade smart
If you are new to Forex? Say Goodbye to your account!!
  • #650,320
  • May 31, 2012 8:50pm May 31, 2012 8:50pm
Waiting for some good entry points.

If fundamental correlations yesterday were an any lesson, it is every crap is in a mess.
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