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  • #696,941
  • Sep 24, 2012 3:45pm Sep 24, 2012 3:45pm
.
walker.
Quoting stevewalker
where EU rejected 1.20x is the Fıbo % 50 of 1999 where EU released to today.

1.20x is a strong^3 suport

walker.
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  • #696,942
  • Sep 24, 2012 3:47pm Sep 24, 2012 3:47pm
Quoting Vg1
What about 3H candle? To me it looks like reversal
No candles in my method so can't say much. Could be so can't argue as the PA on my screens isn't in my favor at the moment too. We are basically done for today. We need new daily range to draw the next steps. London tomorrow will tell more.

Quoting attila
Either way, we're looking at 100 pips up or down from here. I would prefer 100 up and 200 down right after..
Believe me - I would also like the up move first and even bigger. Had more than 800 last week and was going for ~1,3280 - my last target. Now I have a headache because of myself being a bit greedy. But I still see a chance to go way up till ~1,3460. Might be too optimistic for this year but I see a MACD 'debt' there on weekly. I thought that we have started the big run already but as we all can see things have changed a bit and the run might be lagging. Don't really think that the QE effect is gone. Euro might be the lag. Last week of September let us see if we will manage to fill the 100% of average monthly range. Still at 95%. Good luck to us all and green pips of course.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #696,943
  • Sep 24, 2012 3:48pm Sep 24, 2012 3:48pm
Quoting almo
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.

I have seen more traders on here today that say the Euro HAS to fall than ever before. Likely means we will shoot up to new highs. USD is on a daily downtrend since Late July, so that is the trend. QE should work to devalue the $ even more. Euro has been in a 7 day pullback, but that hardly denotes a complete reversal. Why all the sellers?
  • #696,944
  • Sep 24, 2012 4:12pm Sep 24, 2012 4:12pm
Quoting NWSTrading
I have seen more traders on here today that say the Euro HAS to fall than ever before. Likely means we will shoot up to new highs. USD is on a daily downtrend since Late July, so that is the trend. QE should work to devalue the $ even more. Euro has been in a 7 day pullback, but that hardly denotes a complete reversal. Why all the sellers?
pure speculation ... nobody knows the next move in the market ...
  • #696,945
  • Sep 24, 2012 4:19pm Sep 24, 2012 4:19pm
Quoting NWSTrading
I have seen more traders on here today that say the Euro HAS to fall than ever before. Likely means we will shoot up to new highs. USD is on a daily downtrend since Late July, so that is the trend. QE should work to devalue the $ even more. Euro has been in a 7 day pullback, but that hardly denotes a complete reversal. Why all the sellers?
It has to fall.... Nothing goes up or down in a straight line, and depending on the yardstick you use, its evident that there has not been a meaningful retracement to allow price to rise higher.

Now...when it does eventually drop, the question becomes - reversal or retracement? That remains to be seen. For now, another 50 pips or so down from here would be a nice retracement.
  • #696,946
  • Sep 24, 2012 4:23pm Sep 24, 2012 4:23pm
if posts made here is not manuplated by the trader floating trades, every idea is correct.
due
"nobody knows the next move"

walker.

Quoting chess king
pure speculation ... nobody knows the next move in the market ...
  • #696,947
  • Sep 24, 2012 4:25pm Sep 24, 2012 4:25pm
Quoting NWSTrading
I have seen more traders on here today that say the Euro HAS to fall than ever before. Likely means we will shoot up to new highs. USD is on a daily downtrend since Late July, so that is the trend. QE should work to devalue the $ even more. Euro has been in a 7 day pullback, but that hardly denotes a complete reversal. Why all the sellers?
well i could be that there is nothing but bad news on the euro horizon.

dragi has shot his load, so whats left spanish and italian , bond rates to rise ,the spaniard will not agree to a bail out whilst he has elections on his agenda, more negative greek news. okay the ecb can cut rates again , but thats gonna be a euro bust.

if there is any good news , please let me be the first to know
  • #696,948
  • Sep 24, 2012 4:30pm Sep 24, 2012 4:30pm
Quoting stevewalker
if posts made here is not manuplated by the trader floating trades, every idea is correct.
due
"nobody knows the next move"

walker.
imo .. in day trade ... movements are always random...!?
  • #696,949
  • Sep 24, 2012 4:37pm Sep 24, 2012 4:37pm
there is nothing random where money in play.

walker.
Quoting chess king
imo .. in day trade ... movements are always random...!?
  • #696,950
  • Sep 24, 2012 4:38pm Sep 24, 2012 4:38pm
we just cant calculate all possibilies and/or cant control it.
in that situation we call it random.

walker.
Quoting stevewalker
there is nothing random where money in play.

walker.
  • #696,951
  • Sep 24, 2012 4:40pm Sep 24, 2012 4:40pm
Quoting stevewalker
there is nothing random where money in play.

walker.
if not random .. never ... Lehman Brothers had failed..
  • #696,952
  • Sep 24, 2012 4:43pm Sep 24, 2012 4:43pm
the mvements lets call it tick;

each tick has to be consolidate.
either with reverse move
or holding position with some time.

before looser & winner other words seller & buyer book the loos or win the move is not completed.

this cosolidation time varies from minutes to years.

walker.
  • #696,953
  • Sep 24, 2012 4:45pm Sep 24, 2012 4:45pm
excuse me but there is no ligc behing those words.

Quoting chess king
if not random .. never ... Lehman Brothers had failed..
  • #696,954
  • Sep 24, 2012 4:47pm Sep 24, 2012 4:47pm
the best example where randomize & money meet is gambling.

but gamling is not random in professionals world.

can you call vegas as random?

walker.
  • #696,955
  • Sep 24, 2012 4:54pm Sep 24, 2012 4:54pm
On the Lower tf , it looks like a true reversal ... but my experience with these type of movements , that it drops - but not lower than the low when the move was initiated. and after that it keeps on going !

We will wait and see
"It's the Margin, Stupid."
  • #696,956
  • Sep 24, 2012 4:55pm Sep 24, 2012 4:55pm
[quote=stevewalker;6038469]the best example where randomize & money meet is gambling.
no problem ... Tell me the next market move for 50 pips 100% right!?
  • #696,957
  • Sep 24, 2012 4:55pm Sep 24, 2012 4:55pm
I said it is not random.
I did not say I konw the next move.

Lehman collapsed due they take wrong trades.

when sometihng is not random that is not mean that everbody knows it.

can you please tell me abount Quantum. it is not random but you have no clue about it f you are not physcian.

walker.
  • #696,958
  • Sep 24, 2012 4:58pm Sep 24, 2012 4:58pm
Quoting stevewalker
the best example where randomize & money meet is gambling.

but gamling is not random in professionals world.

can you call vegas as random?

walker.
may be more likely to make money in fx than in Vegas ..
  • #696,959
  • Sep 24, 2012 4:59pm Sep 24, 2012 4:59pm

Quoting PipTrapper
From a technical perspective:

1. There is unfinished business down at 1.2650 where resistance was not re-tested as support. When PA diverges from the norm, it is time to expect it to normalize as soon as the hype is over. The hype is clearly over.

2. Also after such a move (over 1100 pips) is it not normal to expect at least a 38.2% or even a 50% retrace once the move is exhausted? Looking at the weekly chart, I see major bearish hidden divergence and a way overbought RSX.

3. Also looking at the weekly chart,...
  • #696,960
  • Sep 24, 2012 5:03pm Sep 24, 2012 5:03pm
Draghi speaking expecting a big move, likely to retrace to where it darts away from in my opinion
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