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  • #706,421
  • Oct 12, 2012 6:08am Oct 12, 2012 6:08am
Quoting divak
guys whats ur view???? looks like we have double top going to fall.
on other hand, NY is coming soon and could move it north without thinking
not until I see 1.2980 tested again before NY opens
  • #706,422
  • Oct 12, 2012 6:08am Oct 12, 2012 6:08am
Quoting palabara
I think opposite of last days scenario yesterday it bottomed up went up today its double top going down.. thats my view..
one thing is certain with the euro what can't go up must go down -- what can't go down must go up.. that's certainty. will see how much PPI will have a play in this.
There are those who know, and there are those who don't know.
  • #706,423
  • Oct 12, 2012 6:09am Oct 12, 2012 6:09am
Quoting brio
1.2900/10
Quoting palabara
I think opposite of last days scenario yesterday it bottomed up went up today its double top going down.. thats my view..
Well, i hope the same. Smthg back to 1.29. But EURUSD loves to chase my SL...
so because i'm short, it may climb higher, hit SL then fall back...

especially we have several fake breakouts to the downside.... seems it just doesnt want to go down.
im puzzled.
  • #706,424
  • Oct 12, 2012 6:10am Oct 12, 2012 6:10am
Quoting divak
Well, i hope the same. Smthg back to 1.29. But EURUSD loves to chase my SL...
so because i'm short, it may climb higher, hit SL then fall back...

especially we have several fake breakouts to the downside.... seems it just doesnt want to go down.
im puzzled.
not enough sellers yet.. the BIS offset the game tonight for us completely one of those unexpected things we have to deal and adjust too but.. with NY session maybe will get more sellers.
There are those who know, and there are those who don't know.
  • #706,425
  • Oct 12, 2012 6:11am Oct 12, 2012 6:11am
7.15; NY is coming. Guys have just woke up, press the SELL USD button before brushing their teeth. Then they will use their brain in 1h
  • #706,426
  • Oct 12, 2012 6:11am Oct 12, 2012 6:11am
everybody seem to be quite waiting for who will bell the cat. ok.......... waitng game continues
Maximizing your potentials!
  • #706,427
  • Oct 12, 2012 6:11am Oct 12, 2012 6:11am
Quoting divak
7.15; NY is coming. Guys have just woke up, press the SELL USD button before brushing their teeth. Then they will use their brain in 1h
lol
There are those who know, and there are those who don't know.
  • #706,428
  • Oct 12, 2012 6:13am Oct 12, 2012 6:13am
Quoting mohan76
did you forgot about my Friday break, then slept little
argh yes, i forgetted bro if you did todays zones this morning and now looking charts they were all good launch pads, aussie only one so far to reversed and come back below, but I think this is power of monthly levels is same with geppy montly level if scroll back quickly see her has trouble with level, bang bang bang as support go up smashs down through then when her come back bang bang bang as rsist, then her down next ime back smashs throuh etc etc
the levels are good to scalp but the constant rejecting do your head in if trying to get position trade, especially if impatient

note geppy just push through 200sma and 126 00 only previous high (is double top) to go idael place noda jump in, will already have momentum ;_(( I hope he asleep
If you are new to Forex? Say Goodbye to your account!!
  • #706,429
  • Oct 12, 2012 6:13am Oct 12, 2012 6:13am
On the Weekly chart we are inside a downtrend channel, where price has been rejected at its channel resistance for the third time, after two successful rejections, supporting our view for a reversed H&S or Double Bottom before continuing higher.
We also keep in mind two other factors strengthening our bearish mid-term outlook:

The 1.2087-1.3138 wave still is in a corrective stage to the downside (correction is not finished) and the range's 1.2608 support overlaps with Fibo 50.0 of 1.2087-1.3138 making this one of the most probable turning points for the EUR/USD in the near future, even though the price can certainly move lower and perhaps form a Double Bottom near Fibo 38.2-23.6 of the measured wave.

We turn our view to the Daily chart now, to see our position in accordance to the Weekly chart.

We can see the downtrend channel in more detail here and locate our short setup, with a good risk/reward ratio.
Price has currently been rejected at the downtrend channel's resistance and 1.3018 resistance area
(also check H4 to see rejection candles).This will probably confirm the channel's resistance as a strong,significant trendline.
The correction of the 1.2087-1.3138 wave is safe to continue now, giving us a good chance for the short setup we've prepared.
The best entry on the Daily timeframe was achieved after the first red candle below the channel with stop loss slightly above the channel and a target near the next significant support level (1.2669).
Another short position opportunity is forming now on the Daily chart as price has retraced higher and is nearing the downtrend channel resistance once again.

One other reason to short the EUR/USD is that it is well corelated to GOLD now, wich has formed a Triple Top on the Daily chart and has already dropped significantly.

Good Luck.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd daily 12.10.2012.jpg Size: 104 KB
  • #706,430
  • Oct 12, 2012 6:13am Oct 12, 2012 6:13am
Quoting divak
7.15; NY is coming. Guys have just woke up, press the SELL USD button before brushing their teeth. Then they will use their brain in 1h
I've been flopping positions all night like.... *fill in the blank* lol
There are those who know, and there are those who don't know.
  • #706,431
  • Oct 12, 2012 6:16am Oct 12, 2012 6:16am
you guys see scary movie ... "WHAT ARE YOU WAITING FOR HUH...WHAT ARE YOU WAITING FOR?!" lol I feel the same way!

Inserted Video
There are those who know, and there are those who don't know.
  • #706,432
  • Oct 12, 2012 6:20am Oct 12, 2012 6:20am
Quoting palabara
you guys see scary movie ... "WHAT ARE YOU WAITING FOR HUH...WHAT ARE YOU WAITING FOR?!" lol I feel the same way!

http://www.youtube.com/watch?v=ttvytBoHEG0
I'm kind of having 3025 waiting...
  • #706,433
  • Oct 12, 2012 6:20am Oct 12, 2012 6:20am
i like trading but sometimes its really killing.
Dont know about your own exp, but the past 3months have been exhausting.

Whatever your analysis, everydays comes a surprise, a declaration, a ratings cut, a rulling, .... something to mess up with the trend and the technicals.

It's like a big chopping circus. And it chops me well
  • #706,434
  • Oct 12, 2012 6:20am Oct 12, 2012 6:20am
Quoting attila
I'm kind of having 3025 waiting...
at this point.. I'm just waiting for anything.
There are those who know, and there are those who don't know.
  • #706,435
  • Oct 12, 2012 6:21am Oct 12, 2012 6:21am
Quoting attila
I'm kind of having 3025 waiting...
why do u think it shall go there? test upper trend line?
  • #706,436
  • Oct 12, 2012 6:21am Oct 12, 2012 6:21am
Quoting divak
i like trading but sometimes its really killing.
Dont know about your own exp, but the past 3months have been exhausting.

Whatever your analysis, everydays comes a surprise, a declaration, a ratings cut, a rulling, .... something to mess up with the trend and the technicals.

It's like a big chopping circus. And it chops me well
just take 10 pips at a time.. I said it before, can't plan anything more with all the news going on..
  • #706,437
  • Oct 12, 2012 6:22am Oct 12, 2012 6:22am
Short squeeze
Founder of Sutherland Wave Principle
  • #706,438
  • Oct 12, 2012 6:22am Oct 12, 2012 6:22am
Just amazing market can put itself into the position when algos with different price and time level get berserk and whipsaw market without any consistent move.

Some short timeframe traders are going to get a big hit today.
They think they are smarter than I am.
  • #706,439
  • Oct 12, 2012 6:23am Oct 12, 2012 6:23am
Quoting divak
why do u think it shall go there? test upper trend line?
It's the next level up on the higher TF... The TF immediate below is stuck on 84 here, if it gets passed this top, then 3025. Watching for a possible bastard move with a possible drop here though..
  • #706,440
  • Oct 12, 2012 6:24am Oct 12, 2012 6:24am
Quoting divak
i like trading but sometimes its really killing.
Dont know about your own exp, but the past 3months have been exhausting.

Whatever your analysis, everydays comes a surprise, a declaration, a ratings cut, a rulling, .... something to mess up with the trend and the technicals.

It's like a big chopping circus. And it chops me well
agree bro has been absolute crap pa, ranging bs, good for scalpers, crap for everyone elsei hated it
If you are new to Forex? Say Goodbye to your account!!
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