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  • #650,821
  • Jun 3, 2012 12:47am Jun 3, 2012 12:47am
Here's what I see. If price doesn't come back up to 1.2382, then 1.2134 is the next target. But if price does pull back up above 1.2382, then 1.2652 is my next target.

edit: Oh, and watch out for 6-06-12 for the reversal time. Wed/Thur, depending on where you live, trade, or where your cell is located.
Attached Image (click to enlarge)
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Time turns trend. - W.D. Gann
  • #650,822
  • Jun 3, 2012 12:47am Jun 3, 2012 12:47am
Quoting tightscalper
if you zoom out a bit you will see at 1.26 is a good resistance level. on daily chart atm im thinking it might pull back up to there. then go down again. but im waiting for it to turn and start trending again. maybe a few confusion trades. in the mean time of key levels. but i dont see this turning into long term bull movements . the run we just saw has a lot to do with the smart bears waiting for the pull back to make money and not fight the momentum. im also noticing that no one person has a real similar pt. And when you look at other charts im...
Gold is always known to be stubborn, and one direction, its either very bearish or very bullish. U see that gold pump up is because its inversely against USD, a poor data and unemployment prompt for more possible QE, which means rise in inflation, which cause gold to sudden spike up, and after stocks and oil stopped trading, everything is on gold only.

Other currency pull back most due to lack of buyers for USD suddenly, or take profits.

For trading gold its good to place buy or sell stops,
  • #650,823
  • Jun 3, 2012 12:55am Jun 3, 2012 12:55am
Quoting balanced2012
thanks mate !!!

any insight for the coming week ?

i was short over the weekend !!
sorry mate but I see it rising now...
  • #650,824
  • Jun 3, 2012 12:59am Jun 3, 2012 12:59am
Quoting Z Capitals
sorry mate but I see it rising now...

thanks alot !!!!
“Don't cry because it's over, smile because it happened.”
  • #650,825
  • Jun 3, 2012 1:03am Jun 3, 2012 1:03am
Quoting 5percent
Gold is always known to be stubborn, and one direction, its either very bearish or very bullish. U see that gold pump up is because its inversely against USD, a poor data and unemployment prompt for more possible QE, which means rise in inflation, which cause gold to sudden spike up, and after stocks and oil stopped trading, everything is on gold only.

Other currency pull back most due to lack of buyers for USD suddenly, or take profits.

For trading gold its good to place buy or sell stops,
im rolling my eyes here, i didnt ask why, im just saying that all these currencies are due for a move up against the usd. if they all move against usd you will see some real weakness on the eur/ usd. i was just trying to draw attention to the fact that it looks like gold could move bullishly and so could aud. which might take a lot of steam out of this retracement because people will start taking their money out of the safe heavens if everything else moves bullish again.
  • #650,826
  • Jun 3, 2012 1:21am Jun 3, 2012 1:21am
Quoting Dane
One thing I find annoying is the posters on this and other forums who keep declaring nothing but positive trades after the fact.

Listen closely you meat heads;

I for one, and I know there are others, don't want to be distracted by your bullshit posts!!!

That being said and for the benefit of the new ones to Forex, if you're able to provide quality analysis prior to your posting of your orders, then that's another story.

We're all here to share, learn and help in Forex but nonsense posts that only show us you made x amount of "green" pips...
Word.
  • #650,827
  • Jun 3, 2012 1:55am Jun 3, 2012 1:55am
Quoting costyn
Greece is unravelling, and ever-more aid cannot deliver the new beginning that Greece needs, said Nikolaus Blome, Bilds chief political columnist. The Greek state must be rebuilt, like in a developing nation, he said. Someone among the euro- zone leaders must finally tell the Greeks the truth: this fresh start can only be achieved with a radical first step. And that means leaving the euro. (Bloomberg)......
I appreciate that EUR is unlikely to last too long at this level, and the more you grow .... an opinion ...
True that... But there might be 2 sides to the outcome of that...

Side 1
However, once a member of the EUR, getting rid of the member would be counter intuitive to the overall stability of the EUR currency. Because it is likely to suggest that once you are in the poo the rest of EUR members won't support you. That would be very bad for stability of the currency.

Side 2
But also the reverse might be the case... and that is... don't let yourself go like Greece otherwise you're on your own... Godd fiscal management might actually come into play..
  • #650,828
  • Jun 3, 2012 2:59am Jun 3, 2012 2:59am
1. In my chart I drag Fibo from 1.2625 to 1.2283 as it is swing Hight to swing Low For downtrend line.
In H4 Time Frame for EUR/USD....
Is my fibo drag correct or not????

2. If above correct then price touch from S2 to R2 and Fibo (50.0%) retrace

So price may fall from here????

Pls help me who know fibo and how to use fibo...

My problem is to trace out where swing high and swing low ...
Attached Image (click to enlarge)
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  • #650,829
  • Jun 3, 2012 3:09am Jun 3, 2012 3:09am
Quoting kibrul
1. In my chart I drag Fibo from 1.2625 to 1.2283 as it is swing Hight to swing Low For downtrend line.
In H4 Time Frame for EUR/USD....
Is my fibo drag correct or not????

2. If above correct then price touch from S2 to R2 and Fibo (50.0%) retrace

So price may fall from here????

Pls help me who know fibo and how to use fibo...

My problem is to trace out where swing high and swing low ...
http://www.babypips.com/school/fibon...tracement.html
this may help
  • #650,830
  • Jun 3, 2012 3:12am Jun 3, 2012 3:12am
Quoting daemon_delux
Must admit that you're positively right. That's why I always post my trading plan in the morning, and have a Q&A session with some fellow traders in whose analysis I trust, personally.

Great minds think alike, or so they said.
Btw.... wanted to say nice call the other day (thurs london session) for a short at 1.2405, target 1.2360. I was impressed to see it work out very well. I thought it could, but didn't hold it nearly like you did. very good call.

X
  • #650,831
  • Jun 3, 2012 3:15am Jun 3, 2012 3:15am
Quoting tightscalper
http://www.babypips.com/school/fibon...tracement.html
this may help


yes i learn from there and make the chart to confirm that my learning is
  • #650,832
  • Jun 3, 2012 4:18am Jun 3, 2012 4:18am
Looking to short eurusd when a bearish candlestick forms around 1.24951.



Anyone looking at this level?

Check out my full analysis here http://emppuedge.blogspot.sg/2012/06/eurusd-analysis-3-june-2012.html
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  • #650,833
  • Jun 3, 2012 4:43am Jun 3, 2012 4:43am
Quoting Superjet335
Looking to short eurusd when a bearish candlestick forms around 1.24951.



Anyone...
I'm looking at it. It's on my short list. no concrete plans yet, but I am looking at it.

X
  • #650,834
  • Jun 3, 2012 6:56am Jun 3, 2012 6:56am
i still think we will not get more then 1.2465 and if that's not happening in the next 2 days will get lower then that so .. i think until 17 june or later does not get a reversal.... this move up it is in the trend way!!!!! ...waiting comments about my ideea ......or if it cut the chanell will see some tryng to get a reversal.. keep looking in the next days..


begginer dont take for sure .. just an ideea!!!!!!
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  • #650,835
  • Jun 3, 2012 6:57am Jun 3, 2012 6:57am
with respect to a broader market view I would like to see the eurusd test the lows a bit more pot odds favor upside play

adding to the noise we're severely overextended and looking for equalization

also watching the 30 year for some kind of confirmation/strategical play

a bounce will imply a tonality change in the market which will change the dynamic of the broader underlying es/nq/etcetc
  • #650,836
  • Jun 3, 2012 8:23am Jun 3, 2012 8:23am
well my technicals sugests there will be move up in coming weeks till 1.30 yes 600 pips it is from here..
EURUSD is extremely oversold in weekly now, this cant be it, second thing fundamentals are not that bad for EURO like it seems, and intervention also had its effect,
as i always say go with the flow, i am going with big boys,
i am still on buy side, and my target doesnt change.

eurusd 1.30 maybe it will take more time but as soon as i am in + swap its ok. + not big drop or pips it is fine. we 50-100 pips is normal, if i am loosing 5% of my account,
but more then that i cant afford i will cut the positions..
same here for Pound also but not sure about it.
but GBPCHF 1.4350 is my target and i think it will hit soon both fundamental and technical since gbpchf is un able to brake 1.50 level and drop is confirmed in weekly looks like drop can be till 1.4350 to 1.44 , 400-500 pips drop i am talking about right? yes i do, i did it befores and i am doing now lets see how it works..
i hope to be wrong.
Good Luck.
all the above analysis is based on fundamental+ technicals.
  • #650,837
  • Jun 3, 2012 10:11am Jun 3, 2012 10:11am
where we going today?

anyone think it will continue upwards or suffer a return to the downside?
  • #650,838
  • Jun 3, 2012 10:23am Jun 3, 2012 10:23am
Quoting kibrul
1. In my chart I drag Fibo from 1.2625 to 1.2283 as it is swing Hight to swing Low For downtrend line.
In H4 Time Frame for EUR/USD....
Is my fibo drag correct or not????

2. If above correct then price touch from S2 to R2 and Fibo (50.0%) retrace

So price may fall from here????

Pls help me who know fibo and how to use fibo...

My problem is to trace out where swing high and swing low ...
Please pay attention to what's coming up news wise.That has far more relevance then any chart may suggest.
Charts are what took place but real action is what's coming up.
Check the calender!
In trading, you have to be defensive and aggressive at the same time
  • #650,839
  • Jun 3, 2012 10:38am Jun 3, 2012 10:38am
Quoting Fx.Fishermen
well my technicals sugests there will be move up in coming weeks till 1.30 yes 600 pips it is from here..
EURUSD is extremely oversold in weekly now, this cant be

Anything is possible - the only thing we can do as traders is react

For the Eur to bounce to 1.30 - that would have to require two things a

1) US economy faltering on a massive scale

2) EZ would need to resolve Greece, and now Spain


Do you see either of these occurring in the short term(6 months)

#2 may happen, but #1 will not


There is talk of a QE3 - but that will not happen until after the next presidential election, else it will be very negative for the Obama administration


That being said - you stand a greater chance of this getting back to 1.18 than you do 1.30
  • #650,840
  • Jun 3, 2012 10:50am Jun 3, 2012 10:50am
Quoting kibrul
1. In my chart I drag Fibo from 1.2625 to 1.2283 as it is swing Hight to swing Low For downtrend line.
In H4 Time Frame for EUR/USD....
Is my fibo drag correct or not????

2. If above correct then price touch from S2 to R2 and Fibo (50.0%) retrace

So price may fall from here????

Pls help me who know fibo and how to use fibo...

My problem is to trace out where swing high and swing low ...
Anything can happen. There's no such thing as it will retrace to 50. It can respect 38, 50, 62, 78. Depends on what the big boys feel like it.
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