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EURUSD

  • #703,841
  • Oct 6, 2012 3:22am Oct 6, 2012 3:22am

Quoting shaukat113
http://www.forexfactory.com/shaukat113
  • #703,842
  • Oct 6, 2012 3:27am Oct 6, 2012 3:27am
Quoting mercy seat
Quick survey for the EUR/USD based on latest rollover-close ...




2012-10-05_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-40 # FC51 (EN Ex24-hour)





;-|
RECAP:

This is what we did have anticipated for the trading sessions of Friday ...

"Additional Explanation"

2012-10-05_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-40 # FC51 (EN 48-hour)

2012-10-05_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-40 # FC51 (EN Ex24-hour)

As you can see it still has bullish bias while it may find prop up in 1.2990 - 1.2970 zone ...

But prior to end of bullish move ... on a 12 - 24 hours basis ...

May run out of steam ... although 1.3019/ 23 - 1.3046 or 1.3058 - 1.3070 is still eyed ...

Only a cross of above 1.3091 - 1.3114 could strengthen the upside ...

Postion trade bias changed from NEUTRAL to BULLISH (+7) ...

Valid as long as above 1.2817 ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #703,843
  • Oct 6, 2012 4:04am Oct 6, 2012 4:04am
Quoting xandi
well, Iīm short from 1.3054. and hopping this cenario. tp=1.2850, or eve higher, letīs see..at least, we can profit some greend before great dcision!!

Short!!
Daytrader
  • #703,844
  • Oct 6, 2012 4:19am Oct 6, 2012 4:19am
hey people,

haven't been around this room for a looooong time. i'm spending the weekend away so i have some extra time.

sharing my plan with u guys for sunday/monday (or at least till we leave this area)

above 1.3060 long for 1.3131

below 1.3060 (46 would be close enough for me) short. 1.2981 is a target

1.3017 is also a support for me so could be a place to place a long with a propoer signal (i would have taken it yesterday if it wasn't weekend).

1.2981 is another long spot for me. below that i'm short speacilly with a retest from below.

confusing?

hapipipin
dreams do come true.
  • #703,845
  • Oct 6, 2012 4:20am Oct 6, 2012 4:20am
Like many others on here I was surprised EU strengthened v dollar when dollar was strengthening against most other currencies after NFP news being ok.

On the H1 charts, a few indicators point down again now, including EMA crossover (setting 5/4), QQE, RSI etc

It was held up the last day and a half by what Mr Draghi has said about supporting ailing countries in Euroland, but it wouldnt take much in the way of negative comments to push it back down 100 pips, and I wouldnt expect it to hold over 1.3 for long
  • #703,846
  • Oct 6, 2012 4:25am Oct 6, 2012 4:25am
Quoting wannaberich
hey people,

haven't been around this room for a looooong time. i'm spending the weekend away so i have some extra time.

sharing my plan with u guys for sunday/monday (or at least till we leave this area)

above 1.3060 long for 1.3131

below 1.3060 (46 would be close enough for me) short. 1.2981 is a target

1.3017 is also a support for me so could be a place to place a long with a propoer signal (i would have taken it yesterday if it wasn't weekend).

1.2981 is another long spot for me. below that i'm short speacilly with a retest...
below 1.3060 (46 would be close enough for me) short. 1.2981 is a target!
Exit @last pivot..
Daytrader
  • #703,847
  • Oct 6, 2012 4:33am Oct 6, 2012 4:33am
although it's a target i won't necessarily exit there. but i'll surely look at how it behaves at that value. if it closes below then comes back to test from below failling to close above, i'll hang on to it, waiting for new waves to show me new end of cycles. sometimes i would do better just taking profit at the target but many times it pays to wait and see how it behaves.

Quoting mahimahi
below 1.3060 (46 would be close enough for me) short. 1.2981 is a target!
Exit @last pivot..
dreams do come true.
  • #703,848
  • Oct 6, 2012 4:40am Oct 6, 2012 4:40am
Quoting wannaberich
although it's a target i won't necessarily exit there. but i'll surely look at how it behaves at that value. if it closes below then comes back to test from below failling to close above, i'll hang on to it, waiting for new waves to show me new end of cycles. sometimes i would do better just taking profit at the target but many times it pays to wait and see how it behaves.
Yes,I'll be watching those levels too..
My Target @1.295
Daytrader
  • #703,849
  • Oct 6, 2012 5:33am Oct 6, 2012 5:33am
Above 1.3060 I would go shlong, and below 1.3060 I would go shlong.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #703,850
  • Oct 6, 2012 6:15am Oct 6, 2012 6:15am
Quoting KillerWhale
Above 1.3060 I would go shlong, and below 1.3060 I would go shlong.
yeah,me too,and inbetween no trade for me
Money is made by sitting, not trading. Jesse L. Livermore
  • #703,851
  • Oct 6, 2012 7:34am Oct 6, 2012 7:34am
my post on Dec 2, 2011 10:54pm


Quoting mohan76
Obama need to bring down unemployment rate under 8 % before election , if administration continue this way it might go under 5%
Mohan
  • #703,852
  • Oct 6, 2012 7:42am Oct 6, 2012 7:42am
Quoting mohan76
my post on Dec 2, 2011 10:54pm
You mean by putting out more false numbers? Yep, that would make it go even lower...
Ghost Rider - WWTBMD?
  • #703,853
  • Oct 6, 2012 7:43am Oct 6, 2012 7:43am
Hello everyone!

What do you think about this P&F vertical count?

Thanks.

Attached Image (click to enlarge)
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  • #703,854
  • Oct 6, 2012 7:47am Oct 6, 2012 7:47am
Quoting albchr
You mean by putting out more false numbers? Yep, that would make it go even lower...
December was first time i felt it was cooked (legally) , i thought they going to do step by step. you never know next month we might have another surprise
Mohan
  • #703,855
  • Oct 6, 2012 11:14am Oct 6, 2012 11:14am
In addition to my previous post on the vertical count here are some thoughts concerning a horizontal one.

If we take those two columns as the walls of our congestion pattern we get the following:
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 55 KB


But if we make use of these walls (that's where I start to be doubtful as to whether it is possible to use them as such) we get the magical number 1.317.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.PNG Size: 62 KB


Any thoughts would be appreciated.

Thanks.
  • #703,856
  • Oct 6, 2012 3:15pm Oct 6, 2012 3:15pm
I just drew a fib retracement for the move up from 1.28 to 1.307.

I'm just going to try my luck at a gartley pattern here. With a AB=CD, the price retraced close to 78.6 of the move down from 1.317.

1.272 sits at 1.27306. If AB=CD and this were to become a true gartley pattern, it would drop 300 pips down to 1.27306 (or whatever your broker has). Therefore also completing my corrective wave 2 (not sure if my EW count is right).

Hope there are people who agree with me. We should be shorting this.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 6 October 2012 PM.png Size: 70 KB
A 1 pip gain is better than a 1 pip loss.
  • #703,857
  • Oct 6, 2012 3:27pm Oct 6, 2012 3:27pm
Quoting aeternum
I just drew a fib retracement for the move up from 1.28 to 1.307.

I'm just going to try my luck at a gartley pattern here. With a AB=CD, the price retraced close to 78.6 of the move down from 1.317.

1.272 sits at 1.27306. If AB=CD and this were to become a true gartley pattern, it would drop 300 pips down to 1.27306 (or whatever your broker has). Therefore also completing my corrective wave 2 (not sure if my EW count is right).

Hope there are people who agree with me. We should be shorting this.
Dont try your luck but trade the realities. Trade what you see not what you think. Market is always wright.
forexpillariscipline & patience Trader
  • #703,858
  • Oct 6, 2012 3:38pm Oct 6, 2012 3:38pm
Quoting paulyjah
Dont try your luck but trade the realities. Trade what you see not what you think. Market is always wright.
Frankly, no one can predict anything. Trying to buy or sell based on what I see may not help either because anything can go anyway. It may have been bullish for the past 3 days, but once you enter, it may decide to retrace.

As of now, it has been super bullish on a daily scale and we have weekly bullish engulfing. I am still not convinced because this is still somewhat of a lower high from 1.317.
A 1 pip gain is better than a 1 pip loss.
  • #703,859
  • Oct 6, 2012 4:10pm Oct 6, 2012 4:10pm
Quoting aeternum
Frankly, no one can predict anything. Trying to buy or sell based on what I see may not help either because anything can go anyway. It may have been bullish for the past 3 days, but once you enter, it may decide to retrace.

As of now, it has been super bullish on a daily scale and we have weekly bullish engulfing. I am still not convinced because this is still somewhat of a lower high from 1.317.
your statement"trying to buy or sell base on what you see may not help coz anything can happen" Yes that is what makes forex what it is till today. Here is my advice: Before you establish/open a position,you must know the impulsive & corrective trend.then base on this,if the impulsive trend is to the upside,then wait for a corrective trend and search for a buy setup or price action like hammer & engulf pattern. Hope this Helps.
forexpillariscipline & patience Trader
  • #703,860
  • Oct 6, 2012 4:17pm Oct 6, 2012 4:17pm
Also your success rate depends on the Time frame you often use. I advice you to be using higher time frame(Daily,weekly & monthly TF) for your market analysis to determine the short term, medium term & longer term trend direction. and then trade on lower time frame (H1 & H4 TF) for a better perfomance.
forexpillariscipline & patience Trader
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