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  • #681,001
  • Edited 5:50pm Aug 16, 2012 4:47pm | Edited 5:50pm
Quoting Artyom
hello everybody,
I'm new here and if you don't mind, please answer my question - is there a real chance to touch 1.2265 level before weekend, at least, just because of Friday or rally on Thursday? ty
Hi Somebody,

If you are asking about a Real Chance............ the answer is NO.

But 1.2280 is possible based on the following Daily Chart. Anything below is also possible but only remotely.
Attached Image
The Thief of Wall Street
  • #681,002
  • Aug 16, 2012 4:48pm Aug 16, 2012 4:48pm
Quoting Rag2RichesFX
lmao we really did bounce off the channel and back up to the trendline.. heres my speculative chart i made on monday, it has been accurate so far.. lets see if we get any follow through to this bull now.

and below where we are currently on H4
it's quite messy
  • #681,003
  • Aug 16, 2012 4:53pm Aug 16, 2012 4:53pm
I am long term bullish, buying every 50 pips with a 100 SL,. which is trailed at every 100 pips step. My target are set at 2000 pips profit.

Will I be right? I do not know. Only the account will tell me.
Attached Image (click to enlarge)
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"Men who can both be right and sit tight are uncommon."
  • #681,004
  • Aug 16, 2012 5:01pm Aug 16, 2012 5:01pm
One of the reasons for today's move was the very small daily range of yesterday in both EUR and GBP so obviously there must be 2 breakouts of both highs and lows
  • #681,005
  • Aug 16, 2012 5:03pm Aug 16, 2012 5:03pm
Quoting Mike8
I am long term bullish, buying every 50 pips with a 100 SL,. which is trailed at every 100 pips step. My target are set at 2000 pips profit.

Will I be right? I do not know. Only the account will tell me.
Monthly: Third tap of the UTL and bounce of 0.88 XY.
Attached Image (click to enlarge)
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"Men who can both be right and sit tight are uncommon."
  • #681,006
  • Aug 16, 2012 5:14pm Aug 16, 2012 5:14pm
Quoting Mike8
Monthly: Third tap of the UTL and bounce of 0.88 XY.
Weekly: ABCD, 161 of BC and 1.27 of AB.
Attached Image (click to enlarge)
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"Men who can both be right and sit tight are uncommon."
  • #681,007
  • Aug 16, 2012 5:14pm Aug 16, 2012 5:14pm
Quoting ahmad_zieman
Maybe. But i'll rather wait. What do you think of the volatility. Lets see how the market reacts.
I think we all know EUR is in a correction right now, and since the price reached to the uptrendline support from the lows, all the retailers got all excited and went long, i guess what will happen is the big guys will sell in to this rally and push this down, once the market breaks the uptrend line and head lower towards 1.2200, retailers will turn bearish and try to sell the EUR , which is when the big guys buy in to it, and finally push the EUR above to 1.2500

This is only my view.....or else why would EUR bounce so much without any news....Also Aussie did rally as compared to EUR....
PPP - Patience Pays PIPS
  • #681,008
  • Aug 16, 2012 5:16pm Aug 16, 2012 5:16pm
My thoughts for GBP/USD that it might reach 1.5800 area and then fall down or it might fail to reach 1.5800 and then fall, i.e. in both cases prices will fall to reach 1.5605 area
  • #681,009
  • Aug 16, 2012 5:24pm Aug 16, 2012 5:24pm
Quoting rustyram
or else why would EUR bounce so much without any news..
I think you answered your own question.
"Men who can both be right and sit tight are uncommon."
  • #681,010
  • Aug 16, 2012 5:42pm Aug 16, 2012 5:42pm
Quoting Davit
......Funny how market makers fk the retail traders
Funny how traders look for excuses.

Retail traders have themselves to blame if their stop gets.

Me I am happy when mine is hit because it tells me I am wrong. And if I am wrong I want to be out of the market.
  • #681,011
  • Aug 16, 2012 5:50pm Aug 16, 2012 5:50pm
Is there such a thing as a "Cobra" pattern?
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  • #681,012
  • Aug 16, 2012 5:53pm Aug 16, 2012 5:53pm
Quoting rustyram
I think we all know EUR is in a correction right now, and since the price reached to the uptrendline support from the lows, all the retailers got all excited and went long, i guess what will happen is the big guys will sell in to this rally and push this down, once the market breaks the uptrend line and head lower towards 1.2200, retailers will turn bearish and try to sell the EUR , which is when the big guys buy in to it, and finally push the EUR above to 1.2500

This is only my view.....or else why would EUR bounce so much without any news....Also...
Supply and Demand. nicely put
  • #681,013
  • Aug 16, 2012 6:13pm Aug 16, 2012 6:13pm
Quoting Mike8
Weekly: ABCD, 161 of BC and 1.27 of AB.
Not only the technicality makes me long term bullish on this, but most importantly the way she reacts to positive news compared to the negative ones of the same weight.
"Men who can both be right and sit tight are uncommon."
  • #681,014
  • Aug 16, 2012 6:13pm Aug 16, 2012 6:13pm
Quoting SunTrader
Funny how traders look for excuses.

Retail traders have themselves to blame if their stop gets.

Me I am happy when mine is hit because it tells me I am wrong. And if I am wrong I want to be out of the market.
Good point
  • #681,015
  • Aug 16, 2012 6:18pm Aug 16, 2012 6:18pm
maybe we can call this, "Walk like an Egyptian" pattern.
  • #681,016
  • Aug 16, 2012 6:23pm Aug 16, 2012 6:23pm
guys I have question and would like to learn this thing from you

i know this may seem silly but i really need to learn it

my chart is showing me that pivot is 2327 if i sell 2358 is it for sure that market will come at pivot is it neccessary every day that market should reach its pivot no matter what happens or market can just keep on running away on the one direction of pivot please answer
  • #681,017
  • Aug 16, 2012 6:23pm Aug 16, 2012 6:23pm
Quoting sdcasper
maybe we can call this, "Walk like an Egyptian" pattern.

how does the egyptian walk ??? lol
“Don't cry because it's over, smile because it happened.”
  • #681,018
  • Aug 16, 2012 6:26pm Aug 16, 2012 6:26pm
Quoting balanced2012
how does the egyptian walk ??? lol
hopefully to the top of the pyramid. i'm sure bears are confused on this latest move, which means they are going to force their bear trades and this will continue to move toward 1.2400 and slightly beyond before london adjusts.

by the way, this will be my first profitable trading week in six years. so don't jinx it.
  • #681,019
  • Aug 16, 2012 6:27pm Aug 16, 2012 6:27pm
Quoting rustyram
I think we all know EUR is in a correction right now, and since the price reached to the uptrendline support from the lows, all the retailers got all excited and went long, i guess what will happen is the big guys will sell in to this rally and push this down, once the market breaks the uptrend line and head lower towards 1.2200, retailers will turn bearish and try to sell the EUR , which is when the big guys buy in to it, and finally push the EUR above to 1.2500

This is only my view.....or else why would EUR bounce so much without any news....Also...
If you also look at the daily, you could also possibly say that a downward movement( wave 2) would occur in a few days before going back up and heading towards 2500s.

Just my two cents.
There is nothing in the Universe but mathematical points of force.
  • #681,020
  • Aug 16, 2012 7:01pm Aug 16, 2012 7:01pm
I am careful with longs.. Yesterday low was aprox. the same as the Monday one.. Take a look at today's high and the Monday one.. Charts might differ slightly but you'll get the idea..
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