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  • #663,581
  • Edited 6:39pm Jun 30, 2012 6:27pm | Edited 6:39pm
Quoting attila
Nobody has to prove anything to you but while you asked, just eyeballing the daily chart I see one candle engulfing almost all of the previous 7, and originating at support.. So until I see convincing evidence to the contrary it is going up on that time frame. BTW, you might be the only one here trading the monthly/weekly chart..

Many times support/resistance is broken and it bounces from there. The lines you drew on your charts don't mean much, and even if they do, I am not interested to sit and wait hundreds of pips just to find out if a s/r...
Okay , maybe " Prove " was wrong word ... Just edited and changed it to " Explain " ... Try to be tolerant . I ask for information sake , to know what they see and I don't ...

I do not trade the monthly or weekly , I just use them to give me bigger picture once in a while ... I use h4 and daily ...

PS . you can put your two cents where the sun don't shine , If you know what I mean ...

Peace
Human
  • #663,582
  • Jun 30, 2012 6:37pm Jun 30, 2012 6:37pm
Quoting Chanya
Okay , maybe " Prove " was wrong word ... Just edited and changed it to " Explain " ... Try to be tolerant plz . I ask for information sake , to know what they see and I don't ...

PS . I do not trade the monthly or weekly , I just use them to give me bigger picture once in a while ... I use h4 and daily ...


Regards
So I told you what I see.. That remains to be proven right or wrong in the near future.. Odds are all we have and they are leaning long based on PA.
  • #663,583
  • Jun 30, 2012 7:33pm Jun 30, 2012 7:33pm
I see all ladies at precipice, a small pop up monday would not concern me at all, I will be looking to defend Mondays opens all ladies, I see we may have a nice bearish "July"
Friday rally was BS because the forum statement is very vague with nothing concrete, no substance also bs
EU AU Kiwi Cable and possibly Geppy are primed to test resistance and in my opinion fall.

However I see no need to rush entrees, there will be plenty oportunities so watch reaction at resistance, if it breaks convincingly this bs rally has more quick steam, if she show signs rejecting resistance is most likely the fall will be quicker than the rally, considering the rally was quick, watchout

PA is only moved by market players, retailers are nothing more than a flea on a elephants bum

Every forum outcome and intervention so far has been fadeable dont see why this one will be anything different.

Wish everyone many green pips next week / month trade safe trade smart


Note only watching 4hr and daily charts, for medium term trades, scalping is a whole different outlook.
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  • #663,584
  • Jun 30, 2012 7:52pm Jun 30, 2012 7:52pm
Almost every news source is advising to short the EU rally.. Hmm..
  • #663,585
  • Jun 30, 2012 8:01pm Jun 30, 2012 8:01pm
Quoting KiwiTrada
I see all ladies at precipice, a small pop up monday would not concern me at all, I will be looking to defend Mondays opens all ladies, I see we may have a nice bearish "July"
Friday rally was BS because the forum statement is very vague with nothing concrete, no substance also bs
EU AU Kiwi Cable and possibly Geppy are primed to test resistance and in my opinion fall.

However I see no need to rush entrees, there will be plenty oportunities so watch reaction at resistance, if it breaks convincingly this bs rally has more quick steam, if she...

These is cleanest charts I is find, note the 200sma falling 50sma falling and/or crossed down.
Flags have specific targets "if" the fruit
Normally retests are better to trade than BO,s

Hope these help explain my view pa, forget levels shown, just need raw pa and ma,s is enough me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU Daily 1 7 2012.png Size: 37 KB
Click to Enlarge Name: Aussie Daily 1 7 2012.png Size: 36 KB
Click to Enlarge Name: Cable Daily 1 7 2012.png Size: 34 KB
Click to Enlarge Name: Kiwi Daily 1 7 2012.png Size: 40 KB
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  • #663,586
  • Jun 30, 2012 8:02pm Jun 30, 2012 8:02pm
Quoting KiwiTrada
These is cleanest charts I is find, note the 200sma falling 50sma falling and/or crossed down.
Flags have specific targets "if" the fruit
Normally retests are better to trade than BO,s

Hope these help explain my view pa, forget levels shown, just need raw pa and ma,s is enough me
and contrariam swissy
Attached Image (click to enlarge)
Click to Enlarge Name: Swissy Daily 1 7 2012.png Size: 34 KB
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  • #663,587
  • Jun 30, 2012 8:19pm Jun 30, 2012 8:19pm
Quoting tomspin
I went trought COT report and there is a 50 % reduction in non commercial
long positions.
Follow big boys

http://s15.postimage.org/whcl6wi53/cot.jpg
Remember that was before the summit surprise. The report is delayed. If you check next week, I'd bet there'll be a massive decrease in short positions.
  • #663,588
  • Jun 30, 2012 8:27pm Jun 30, 2012 8:27pm
LOL! I was thinking the same thing. Why would the media want to help me make money by following their advise. It never worked for me before and won't now.

I'll be trading a bit smaller size this week because new month, NFP, and see how this Euro news settles out.

Safe trading,
Cheers

Quoting jayjb
Almost every news source is advising to short the EU rally.. Hmm..
  • #663,589
  • Jun 30, 2012 9:27pm Jun 30, 2012 9:27pm
OK so, here's what I have.. The move on Friday certainly looks out of place but it did take out some important levels on the upside.

Looking at weekly we have a confirmed hanging man followed by a strong up last week.. Last week closed above the middle of the previous one but it has a LL and a LH as far as I can tell. So that would put this time frame in the undecided column..

Going down daily, June 1st bounced from an important level (on my chart at least.. if I also remember correctly, that was the ECB buying there.. food for thought...) and that opened 3025 but it has strong resistance in the way at 2822. A close above 2642 (and it did that) makes 2822 become a valid target. Keep in mind, it can move down and stuff, but that target stays valid as long as it doesn't close below 2461. For 2461 to happen, it'll have to drop pretty hard pretty quickly, and I'm just having my doubts it'll do that. And so 2822 is the first level I'll be looking at from where we are..

H4 has a minor at 2732 and a major at 2833 making 2822 that much valid.. The H4 PA is bullish-the 2 long bullish candles should dissipate any doubt about that..

H1 is pointing up to 2737 from where it could drop some..I'll be watching 2687, 2642,2597 and 2546 on this TF on the way down for signs to buying the dip towards H4/daily targets..

Anything lower than h1 is just scalping.. m15 shows 2690, 2785 majors and 2717, 2737, 2760 as minors on the upside.. m15 downside 2594 and 2498 majors and 2642, 2619, 2567... and so on ..

Number to watch is 2642 mostly on higher TFs(close above/below) as it's the gateway to either 2822 or 2461.

So as you can tell, we're kinda in the middle with an up flavor to it.
  • #663,590
  • Jul 1, 2012 12:07am Jul 1, 2012 12:07am
Short term, bearish. Long term, bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: gannd1eu.jpg Size: 210 KB
Time turns trend. - W.D. Gann
  • #663,591
  • Edited 11:18am Jul 1, 2012 1:13am | Edited 11:18am
http://wahai.com/try-monthly.png

and this euro-index gained some ground on D1, look at the strong rejection on 127

http://wahai.com/euro-index-D1.png

usd index m15
http://wahai.com/usdindexm15.png

euro index m15

http://wahai.com/euroindexm15.png



Quoting Chanya
I humbly Request anyone , ANYONE , who is saying that we are going upside to explain their points with charts !!! I think we are Bearish , atleast atleast till 1.25 ... I trade Higher time frame , Bigger picture as they say it , so according to that , I am backing my statement with following basic charts !!!!

My all short trades from way back are all locked with profits , so even if those who say longs are right , I am safe ... But , How do you say long ???
Patience Pays
  • #663,592
  • Jul 1, 2012 1:32am Jul 1, 2012 1:32am
Quoting AmyTheCutie
Yes, I agree, but fundamentally we may go down again (I guess)
We will have to wait and see..
  • #663,593
  • Jul 1, 2012 6:59am Jul 1, 2012 6:59am
Quoting ForExtraPips
Short term, bearish. Long term, bullish.
Dear ForExtraPips,

Did you already read the interview with Gann? It's interesting...

http://www.traderslog.com/ganninterview.htm

Best regards,
Pico.
  • #663,594
  • Jul 1, 2012 7:09am Jul 1, 2012 7:09am
Quoting Purple
We will have to wait and see..
yup have to wait and see, is ironic generally ladies is bull Julys, except for 2008 meltdown, and bear in augusts, is the present situation similar to 2008, mmm, if anyone thinking euro,s problems are solved, guess her could continue rally, personally, I feel euro is fuked is just a matter of time, just i remember 2008 what an awesome bear train, bulls got screwed from 6038 all the way down to 2329 4 months of pure selling power. if her train start rolling again, If I was bull, I would take a break and screw some cows, cause dont want to be caught messing with mighty "Bears"

Ladies have room to pop up a bit maybe even 100 -150 pips, get all bulls excited thinking they nabbed a bottom, (monthly), then if start to show weakness, is wise to pb and/or keep tight reins, because if show weakness, sellers is waiting for nice price, and may attack the lows big time.
I just drink a little too much, and babble
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  • #663,595
  • Jul 1, 2012 7:33am Jul 1, 2012 7:33am
Quoting fdjauzak
http://wahai.com/try-monthly.png

and this euro-index gained some ground on D1, look at the strong rejection on 127

http://wahai.com/euro-index-D1.png
Is there a place i can get US dollar index and EURO Index chart and even jpy index? other than broker. The ones that can open as new chart, not the value.
  • #663,596
  • Jul 1, 2012 7:38am Jul 1, 2012 7:38am
Quoting 5percent
Is there a place i can get US dollar index and EURO Index chart and even jpy index? other than broker. The ones that can open as new chart, not the value.
Dear 5percent,

Maybe FOREX LTD...

Best regards,
Pico.
  • #663,597
  • Jul 1, 2012 7:42am Jul 1, 2012 7:42am
Quoting pico_zeh
Dear 5percent,

Maybe FOREX LTD...

Best regards,
Pico.
thanks, but other an broker, is there any other way to install the new chart? my broker does not have index but its the best broker so far for me, so i don't intend to change.

I have to visit places like forexpros.com etc to see the chart, which is not good compare to mt4.
  • #663,598
  • Jul 1, 2012 7:44am Jul 1, 2012 7:44am
Quoting 5percent
thanks, but other an broker, is there any other way to install the new chart? my broker does not have index but its the best broker so far for me, so i don't intend to change.

I have to visit places like forexpros.com etc to see the chart, which is not good compare to mt4.
Try FOREX LTD MT4...
You can also copy their config server files to your MT4.

Best regards,
Pico.
  • #663,599
  • Jul 1, 2012 8:12am Jul 1, 2012 8:12am
Quoting pico_zeh
Try FOREX LTD MT4...
You can also copy their config server files to your MT4.

Best regards,
Pico.
i just installed their mt4, but haven't seen the dollar index chart, only see indices like Sp500, dj, nq100, nqcom and cfd.

hmmm?
  • #663,600
  • Edited 9:56am Jul 1, 2012 9:15am | Edited 9:56am
My fundamental bias is still very bearish (I explained my reasoning a few pages ago) and, as Killerwhale mentioned, 1.2740 certainly looks like a great level to short, but itīs a little too obvious for my taste. I am rather eyeing a rejection at the channel downside (where we find confluence with weekly mid-support 1, represented by the yellow, dotted line), followed by a clean break and retest of the 23.6 Fib for further downside confirmation. Cable is stuck in a similar position, but the rejection from the channel downside is much cleaner (like anything in cable this week), so I expect further downside there, too. I expect a reversal until Wednesday (which is a US Bank holiday) and I expect it to be quick and brutal (no clear downside-target though: might employ trailing stop), so 5M will be my favored timeframe for the following days.

4H chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 20 KB
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