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  • #696,921
  • Sep 24, 2012 2:56pm Sep 24, 2012 2:56pm
it will retract to ~1.2910 then long to ~1.2990

first down
then up

walker.
  • #696,922
  • Sep 24, 2012 2:56pm Sep 24, 2012 2:56pm
Quoting almo
I have your numbers on my smaller charts - but there is no clear trend on those. In fact, I'd consider the action on those charts sideways , more than anything at this moment.


Granted if your scalping, then I can see why your numbers make more sense, as a breach of those would up to another 20 pips higher.


As far as Long term trend - right now, its down from 77.
It's bearish, not saying but I would not short long term these couple of candles drop... It just went up 30 some pips in one go.. I just like to play it on the safe side..
  • #696,923
  • Sep 24, 2012 2:58pm Sep 24, 2012 2:58pm
.
walker.
Attached Image (click to enlarge)
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  • #696,924
  • Sep 24, 2012 3:01pm Sep 24, 2012 3:01pm
Quoting attila
It's bearish, not saying but I would not short long term these couple of candles drop... It just went up 30 some pips in one go.. I just like to play it on the safe side..
I hear ya - im kinda disgusted with myself for not taking profit sooner to be honest. But, I am holding ...this IMO, is going down , and if everything plays out like it should, we should be down at least 350 pips before its over.


Edit - I think I should clarify - I attempt to trade in the direction of LTT, but with the intention of continuously adding to the position until it reaches my target OR , I TP if the smaller charts suggest a counter trend.
  • #696,925
  • Sep 24, 2012 3:03pm Sep 24, 2012 3:03pm
Quoting almo
I hear ya - im kinda disgusted with myself for not taking profit sooner to be honest. But, I am holding ...this IMO, is going down , and if everything plays out like it should, we should be down at least 350 pips before its over.
I don't know... I'll just go where it goes.. I'm even entertaining the idea to long, but it's kinda late in the day..
  • #696,926
  • Sep 24, 2012 3:05pm Sep 24, 2012 3:05pm
I hope you guys are not ignoring the lower TFs...especially at turns. A lot of things happen underneath you and then you wonder why the DD all of a sudden..

Here's what I was looking at...

Attached Image (click to enlarge)
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  • #696,927
  • Sep 24, 2012 3:15pm Sep 24, 2012 3:15pm
Attila , If 1.29360 was breached and held - the next one should be 1.29580 and after that 1.297X ? Right ?
"It's the Margin, Stupid."
  • #696,928
  • Sep 24, 2012 3:16pm Sep 24, 2012 3:16pm
1.29350 attempt #2...
  • #696,929
  • Sep 24, 2012 3:20pm Sep 24, 2012 3:20pm
Quoting Vachus
Attila , If 1.29360 was breached and held - the next one should be 1.29580 and after that 1.297X ? Right ?
If that happened, it could go to 1.3 if it waned to. 34 is the decider between that and 2833 on h4.
  • #696,930
  • Sep 24, 2012 3:20pm Sep 24, 2012 3:20pm
it is not attemping 1.2935
it is trying close over 1.2926

old support from this morning

walker.
Quoting AlexejKir
1.29350 attempt #2...
  • #696,931
  • Sep 24, 2012 3:24pm Sep 24, 2012 3:24pm
question is, is this a back test of 34, or a full reversal? My h4 engulfed north.. so can't tell at this point, but I would not discard neither longs nor shorts right now.
  • #696,932
  • Sep 24, 2012 3:25pm Sep 24, 2012 3:25pm
Hey guys. This is what is holding the EU. Still on my position with 625 floating and still think that EU is quite bullish. Weekly picture with marked s/r level @ the area of ~1,2880-1,2870. If the zone will be penetrated south - I am out. Will update my twitter.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_120924_w_sr.gif Size: 23 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #696,933
  • Sep 24, 2012 3:29pm Sep 24, 2012 3:29pm
Quoting attila
question is, is this a back test of 34, or a full reversal? My h4 engulfed north.. so can't tell at this point, but I would not discard neither longs nor shorts right now.
IMO - She has to drop - 2887 or lower to fufill a requirement to move up. OR , it blow past that to 1.256x - signifying the bears are back in town.


Either way - its gotta fall.
  • #696,934
  • Sep 24, 2012 3:29pm Sep 24, 2012 3:29pm
where EU rejected 1.20x is the Fıbo % 50 of 1999 where EU released to today.

1.20x is a strong^3 suport

walker.
Quoting Mr.C
Hey guys. This is what is holding the EU. Still on my position with 625 floating and still think that EU is quite bullish. Weekly picture with marked s/r level @ the area of ~1,2880-1,2870. If the zone will be penetrated south - I am out. Will update my twitter.
  • #696,935
  • Sep 24, 2012 3:30pm Sep 24, 2012 3:30pm
Quoting Mr.C
Hey guys. This is what is holding the EU. Still on my position with 625 floating and still think that EU is quite bullish. Weekly picture with marked s/r level @ the area of ~1,2880-1,2870. If the zone will be penetrated south - I am out. Will update my twitter.
What about 3H candle? To me it looks like reversal
  • #696,936
  • Sep 24, 2012 3:36pm Sep 24, 2012 3:36pm
Either way, we're looking at 100 pips up or down from here. I would prefer 100 up and 200 down right after..
  • #696,937
  • Sep 24, 2012 3:37pm Sep 24, 2012 3:37pm
Quoting stevewalker
it is not attemping 1.2935
it is trying close over 1.2926

old support from this morning

walker.
thank you, missed that
  • #696,938
  • Sep 24, 2012 3:40pm Sep 24, 2012 3:40pm
We have hit 23.6 today. I expect wave B of retracement back to at least 3080 and then a third leg back down to 38.2. What do you think?
  • #696,939
  • Sep 24, 2012 3:41pm Sep 24, 2012 3:41pm
There should be a new round of usd buying...looking at nordic pairs.

But it's better to stop trading, go to sleep, and get ready for london
COT: The precious data ignored
  • #696,940
  • Sep 24, 2012 3:43pm Sep 24, 2012 3:43pm

Quoting AlexejKir
thank you, missed that
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