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  • #698,621
  • Sep 27, 2012 2:25am Sep 27, 2012 2:25am
Quoting Rag2RichesFX
this market really goes into chop mode a lot lately... its quite frustrating.

can anyone tell if this is bearish or bullish?

normally i would lean bearish but were still above the trendline
small help from Finnish (with bearish comment)

Quote
Finnish finance minister says ESM, banking union should not be used to fix Europe's existing debt problems
Mohan
  • #698,622
  • Sep 27, 2012 2:25am Sep 27, 2012 2:25am
Quoting Rag2RichesFX
this market really goes into chop mode a lot lately... its quite frustrating.

can anyone tell if this is bearish or bullish?

normally i would lean bearish but were still above the trendline
just look at the larger TF here is 1 hour
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 47 KB
  • #698,623
  • Sep 27, 2012 2:26am Sep 27, 2012 2:26am
Quoting kuroro001
Smart Money.

To me they have...to some other they haven't
I bought the bottom but I'm already out.

This up move is too inefficient, it needs to build a base before we can go up more

Offers @ 05/15, maybe those got front run and we are going down already. we could still go test the highs and reach the offers but charts are looking uglyu for it
Be hopeful in a winning position, and fearful in a losing position.
  • #698,624
  • Sep 27, 2012 2:29am Sep 27, 2012 2:29am
Quoting MaxDoom
just look at the larger TF here is 1 hour

Yes that seem more clear, and H4 chart.
Be hopeful in a winning position, and fearful in a losing position.
  • #698,625
  • Sep 27, 2012 2:30am Sep 27, 2012 2:30am
Quoting Rag2RichesFX
this market really goes into chop mode a lot lately... its quite frustrating.

can anyone tell if this is bearish or bullish?

normally i would lean bearish but were still above the trendline

Try drawing a rectangle around the area and trading a breakout ;-)
@pawpaw1000 on Twitter
  • #698,626
  • Sep 27, 2012 2:30am Sep 27, 2012 2:30am
Quoting fxrustyspoon
me too...same price
out with 5 pips. waiting till after 9 am gmt news coming up for euro as well will scalp and stay away till then
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #698,627
  • Sep 27, 2012 2:31am Sep 27, 2012 2:31am
Quoting Rag2RichesFX
I bought the bottom but I'm already out.

This up move is too inefficient, it needs to build a base before we can go up more

Offers @ 05/15, maybe those got front run and we are going down already. we could still go test the highs and reach the offers but charts are looking uglyu for it
It doesn't need to build a base to retrace up.
To reverse is a different story...but i've seen multiple times price reversing in a V shape to retest the low hundred of pips later.

m1 formed the base hence it shot up. Longer tf didn't i admit.
COT: The precious data ignored
  • #698,628
  • Sep 27, 2012 2:32am Sep 27, 2012 2:32am
Quoting fxrustyspoon
out with 5 pips. waiting till after 9 am gmt news coming up for euro as well will scalp and stay away till then
you got out too early
  • #698,629
  • Sep 27, 2012 2:35am Sep 27, 2012 2:35am
Quoting Mr.Kruger
you got out too early
i know market is real choppy nice clean breakout on the 70 tick still looks strong but i am
cautious of upcoming news
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #698,630
  • Sep 27, 2012 2:35am Sep 27, 2012 2:35am
Quoting Rag2RichesFX
Yes that seem more clear, and H4 chart.
Little bit slippery on intraday top because weekly and daily look to build support here.

1hr and 4hr shows some dip.
They think they are smarter than I am.
  • #698,631
  • Sep 27, 2012 2:36am Sep 27, 2012 2:36am
This last down leg is inefficient and price needs to re balance (lower high), i closed @ 75

will short again if 73 breaks
Be hopeful in a winning position, and fearful in a losing position.
  • #698,632
  • Sep 27, 2012 2:37am Sep 27, 2012 2:37am
Quoting fxrustyspoon
i know market is real choppy nice clean breakout on the 70 tick still looks strong but i am
cautious of upcoming news
One can never be too careful, I don't blame you

Let's see how pa reacts on daily pivot (1.2874)
  • #698,633
  • Sep 27, 2012 2:38am Sep 27, 2012 2:38am
Hi guys,
EUR/USD Update.

take care,
Seb

PS: More on my blog
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd ew h1.jpg Size: 173 KB
  • #698,634
  • Sep 27, 2012 2:39am Sep 27, 2012 2:39am
Quoting Rag2RichesFX
This last down leg is inefficient and price needs to re balance (lower high), i closed @ 75

will short again if 73 breaks
i wouldnt i would sell at 78 at the top of m1 if it bounces thats the only 20ema i have that is close to price action all are 5-10 pips below ema. and as soon as im done typing this it breaks through m1 20 ema. lol see what i mean. 2 clean bounces off to deserve the price at 73
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #698,635
  • Sep 27, 2012 2:42am Sep 27, 2012 2:42am
Quoting kuroro001
It doesn't need to build a base to retrace up.
To reverse is a different story...but i've seen multiple times price reversing in a V shape to retest the low hundred of pips later.

m1 formed the base hence it shot up. Longer tf didn't i admit.
i agree but its rare that it moves this slowly up on a retrace then just shoots up further

but a V shape is a different story
Be hopeful in a winning position, and fearful in a losing position.
  • #698,636
  • Sep 27, 2012 2:45am Sep 27, 2012 2:45am
There is almost full 15m candle bought from 78 - 93.

Now algos, traders, retails and whatever are trying to fill it. I doubt that buyer(s) of it are slowly taking profit, it would look different. And they sure have more money to buy through 1.29.

It is not just logical even for tricking market. This is now time related crap.
They think they are smarter than I am.
  • #698,637
  • Sep 27, 2012 2:46am Sep 27, 2012 2:46am
breakout at 1.28985 or we're going to Short City
Everything easy was hard at first
  • #698,638
  • Sep 27, 2012 2:47am Sep 27, 2012 2:47am
.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
  • #698,639
  • Sep 27, 2012 2:48am Sep 27, 2012 2:48am
Quoting hindustani
.
I think everybody got the same EU h1 chart.
Or yours is special ?
COT: The precious data ignored
  • #698,640
  • Sep 27, 2012 2:50am Sep 27, 2012 2:50am
i closed my long on be , thne it did spike
Mohan
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