EURUSD

Beautiful chart and grafical view ...





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A clean and propper grafical view ...

As mostly ...





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This correction we are seeing in Daily wave 4 , so it will be slow & then Uptrend should end at 1.2870 - 1.29xx.

We could either take 12345 and then abc correction and then again up 12345 and end the overall uptrend

We could also take abc to W and then down abc to X and then 12345 for Y to end the overall trend.

the strength of euro has alot more stuff in it. Covering in EUR/GBP, EUR/AUD, EUR/NZD and EUR/USD etc, alot of take profits from earlier shorts, so the sudden shortage of shorts gives the eur/usd some sort of steriod, easily pump up since long are actually more than shorts just we don't know at different price level before the next resistance/support, since there are not enough resistance/offers at each junction, and i always believe that technical analysis is only risk control and higher probability set up, we can identify potential supply/demand or point of entry.

But the market is moved by fundamental, which is mainly news/comments/rumors and sometimes data, sentiment is the main mover. The resistance are often broken due to fundamental, same goes for support, and each time support turns resistance, resistance turns support.

then idiots analyst/ writers spam the market with news/analysis, which are obvious, they always says bull, when the market already is bullish, and bear when the market is already bearish, they don't tell where's the reversal which are the most important, that's why i don't read stupid news.

When a shorter in 1.23/1.24 get held in red when it moves to 1.25, psychology wise they will want to breakeven when price retraces back and breakout from holding in shorts and in margin, so u get 1 less shorter, and while seeing the market is pumping higher each time they sell, they change positions to long, so the overall moves/change side. There's where u get limits on resistance turns support.

and in thin volume, market maker/brokers are likely to trade against clients knowing they will be emotional in trading and take losses, or in high leverage trade in tight stops since its likely to be range bound and not a 100+ pip run daily, so u get a range, and alot of false break.

the market will always move up and down, hit on offer/bids and cross pairs will activate each other's buy/sell stops and stop losses and create new strength/weakness on that pair or against usd and jpy. Fundamental is the catalyst.

and when the market hours closes, market slipped into tight and slow range bound up and down until the next day. or when rumors strike the market.

stuck between 2550 and 2535
when are going to get those 100pips/day again?

Aug 28, 2012 23:36 (18 hr ago) when EU traded above 1.2565 ...

Aug 29, 2012 18:05 (1 min ago) 18:05 ... früh genug für hier ...


#7142


This is a RECAPITULATION:


#7083


RECAP:


As posted Aug 28, 2012 23:36 (18 hr ago) when EU traded around above 1.2565 ...


Maybe I will write some further additional hints later ...

But one thing we can say now ...

Previous bearish bias has been nullified now because of that higher closing above it's daily 24-hours stop level ...

Has not changed to bullish ... but neutralized again ...

Position traders bias is neutral now ...

DPP comes into play around 1.2536 ...

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In other words even then ... when the market wants to make some bullish moves later ... we can expect your beloved 1.2550 to be hit at first ...

Or even lower ...

2012-08-28_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-35 # AK195 - AF151 (Text DE)

Take a look on survey ...

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Maybe I will write a little bit more later ...






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I was expecting the old wave count, but the down is not so fast & powerfull, hence i am thinking there is still further upside toward 1.2630 and then go down to form X , i am more inclined towards New wave count....

Looks like you like the old wave count.....

We have to wait and see, i am interested in seeing where the market position itself, just before the Ben's Hole press release.....

As annoying as this might be for longer term traders, to me this PA is just perfect...

There may be some unexpected news for a rebound upside or just smart money playing tricks.

Just saw eurusd test down which did not work well.

this is what i thing as well

thank you for the explanation as well....!

http://www.borsaat.com/vb/uploaded/4...1346258125.jpg

Why I didn't take the short off that mini range break... If it goes all the way, so be it..

looking for 30 pip down it really?
p.s. going to toilet dont let price go up lol

Stop running going on.

Yes but why aim for a chunck of pips when 10 points can make you a full time scalper.

sonikR talk go baby down

ha. I meant the SL . I said it before, I never hold on a trade longer than 15 pips, 20 is a rarity.

The push up? next few days to next week?

thanks VB

go baby 25 pips left