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EURUSD

  • #661,281
  • Jun 22, 2012 10:37am Jun 22, 2012 10:37am
weekly up
Attached Image (click to enlarge)
Click to Enlarge Name: eur weekly.gif Size: 17 KB
  • #661,282
  • Jun 22, 2012 10:38am Jun 22, 2012 10:38am
Quoting Esssex
Based on an unclosed candle? On a line that differs depending on how you draw it?

Right. If you like flipping coins so much go ahead.

Anything less than H1 is always noise anyway.
buddy i think he showed us a chart where its based on the closed lows in the daily charts dude....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #661,283
  • Jun 22, 2012 10:40am Jun 22, 2012 10:40am
Quoting Esssex
Based on an unclosed candle? On a line that differs depending on how you draw it?

Right. If you like flipping coins so much go ahead.

Anything less than H1 is always noise anyway.
guess you didnt catch my previous post.

based on daily.

even looking at the 15 minute you can see clearly that it has rejected lower prices several times over the last several hours plainly

i appreciate the critique but I dont see a valid arguement against taking the risk at this level
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur dailyj.gif Size: 16 KB
Click to Enlarge Name: eur 15.gif Size: 16 KB
  • #661,284
  • Jun 22, 2012 10:46am Jun 22, 2012 10:46am
Quoting todstars2
weekly up
Mild, slow ranging activity within tight band, Market is weary from all the bs news over past couple of weeks. It yawns at downgrades and Fed statements, and even U.S. employment and payroll. Waiting for REAL news from EU.
"The market can remain irrational longer than you can remain solvent"
  • #661,285
  • Jun 22, 2012 10:47am Jun 22, 2012 10:47am
Quoting anton.olff
Mild, slow ranging activity within tight band, Market is weary from all the bs news over past couple of weeks. It yawns at downgrades and Fed statements, and even U.S. employment and payroll. Waiting for REAL news from EU.
its friday, enough to put ya to sleep.
  • #661,286
  • Jun 22, 2012 10:52am Jun 22, 2012 10:52am
Quoting todstars2
guess you didnt catch my previous post.

based on daily.

even looking at the 15 minute you can see clearly that it has rejected lower prices several times over the last several hours plainly

i appreciate the critique but I dont see a valid arguement against taking the risk at this level
I assume you're long biased from the buy on your chart. There is no rejection here. This is just a tight range. Likely consolidation. If you want to talk rejection, look at those railroad tracks on the 1hr. That push up was clearly rejected.
  • #661,287
  • Jun 22, 2012 10:56am Jun 22, 2012 10:56am
Quoting C5fx
I assume you're long biased from the buy on your chart. There is no rejection here. This is just a tight range. Likely consolidation. If you want to talk rejection, look at those railroad tracks on the 1hr. That push up was clearly rejected.
no buyers true but neither are there a great deal of sellers.

equilibrium at the moment.

daily shows support at this level

buy cheap sell dear

if you wait for the news, its too late.
  • #661,288
  • Jun 22, 2012 10:57am Jun 22, 2012 10:57am
Quoting todstars2
its friday, enough to put ya to sleep.
wait, wait, wait...and then BOOM!!!
"The market can remain irrational longer than you can remain solvent"
  • #661,289
  • Jun 22, 2012 11:00am Jun 22, 2012 11:00am
thats my hourly and damn if that piercing candle dont feel good to my bottom line. :-)
Attached Image (click to enlarge)
Click to Enlarge Name: eur hourly.gif Size: 16 KB
  • #661,290
  • Jun 22, 2012 11:02am Jun 22, 2012 11:02am
Quoting anton.olff
wait, wait, wait...and then BOOM!!!
yep, i can see the big news hit late today when everyone snoozing on their keyboard. LoL!

then we get the WTF, no fecking way, i just blew my account...post all the way into the close.
  • #661,291
  • Jun 22, 2012 11:06am Jun 22, 2012 11:06am
Quoting todstars2
no buyers true but neither are there a great deal of sellers.

equilibrium at the moment.

daily shows support at this level

buy cheap sell dear

if you wait for the news, its too late.
If you look at the daily, we have jammed at about 1.2700, which a 79% retrace from the daily 1.2820 high. There was really good R:R for a short there. There was a lot of indecision there and we slid. This is usually something that will continue for longer than a day. We rejected the level on the daily. Closed below the last 1hr/4hr significant low(1.2570-80), putting marketflow down. IMO, look for shorts going into next week. I don't necessarily think we're going to break out of this little relief rally, but I think we're definitely going to keep giving back for a couple of days at the least. If that fib plays out, look for extension short targets at 1.2150 and 1.1950.

tl;dr What you're seeing today is consolidation.
  • #661,292
  • Jun 22, 2012 11:19am Jun 22, 2012 11:19am
another way to view it is the buyers below noted candle do not want to sell since they just got in for a long.

if this support gives substantially then price could begin to slip lower on exhaustion and panic taking us back to the bottom for a retest.

but that would give us a substantial trend line break too so with a close below the line you should get out anyway.

keep your stops
Attached Image (click to enlarge)
Click to Enlarge Name: eur dailyj.gif Size: 16 KB
  • #661,293
  • Jun 22, 2012 11:31am Jun 22, 2012 11:31am
I look at gold for direction. Now its recovering i buy. Once it plunge. I sell. That's one of my strat i use on eur for now. Maybe it has no link
  • #661,294
  • Jun 22, 2012 11:33am Jun 22, 2012 11:33am
WTF is going on guys
Why is this going way up so quick
In trading, you have to be defensive and aggressive at the same time
  • #661,295
  • Jun 22, 2012 11:35am Jun 22, 2012 11:35am
and so it has begun....WTF LOL!
  • #661,296
  • Jun 22, 2012 11:39am Jun 22, 2012 11:39am
I'm done for the week, have lost more than 400 euro today, so going to get a life and get ready for the big football game Greece vs Germany.
Nice weekend to all of you!
  • #661,297
  • Jun 22, 2012 11:40am Jun 22, 2012 11:40am
Quoting giaspyr
I'm done for the week, have lost more than 400 euro today, so going to get a life and get ready for the big football game Greece vs Germany.
Nice weekend to all of you!
Sorry to hear about your loss enjoy the football and come back monday to get all those pips back
  • #661,298
  • Edited 12:01pm Jun 22, 2012 11:45am | Edited 12:01pm
Quoting giaspyr
I'm done for the week, have lost more than 400 euro today, so going to get a life and get ready for the big football game Greece vs Germany.
Nice weekend to all of you!
How u lost in such tight range? Tight stop? sell support. Buy resistance? It's important to know the weekly support and resistance.

If i am the middle east or Indians. I will enter the market after high volatiity to buy up.not when everyone sell like crazy. Look out for 4hrs close.

Anyway hour 4 bull to bear back to bull. Closed in bull. Support stays for now.
Us session. Normally one direction or flat. But today is the closing. I expect last 2 hrs action
  • #661,299
  • Jun 22, 2012 11:46am Jun 22, 2012 11:46am
Quoting giaspyr
I'm done for the week, have lost more than 400 euro today, so going to get a life and get ready for the big football game Greece vs Germany.
Nice weekend to all of you!
What a man does when he's knocked down is what matters. Watching a game is probably the best choice. You'll do just fine next week, I'm sure.
  • #661,300
  • Jun 22, 2012 11:50am Jun 22, 2012 11:50am
Quoting 5percent
How u lost in such tight range? Tight stop? sell support. Buy resistance? It's important to know the weekly support and resistance.

If i am the middle east or Indians. I will enter the market after high volatiity to buy up.not when everyone sell like crazy. Look out for 4hrs close.

Us session. Normally one direction or flat. But today is the closing. I expect last 2 hrs action
8euro per pip tight s/l and today always triggered!! anyway man has to accept his mistakes and losses.
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