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  • #1,081
  • Oct 12, 2012 11:23am Oct 12, 2012 11:23am
well pointed.

this may give us some fundumental future perspective

Quoting mok1one
I correct myself. The squeez don't last until 18 19th of oct. So mayby EU Economic Summit 18th of oct. and the rumours about Spanish bailout will give us the longer term and a clearer direction.
  • #1,082
  • Oct 12, 2012 11:24am Oct 12, 2012 11:24am
daily chart actually has a double bottom formation.

is it continiou up or test bottom 3rd time.
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  • #1,083
  • Oct 12, 2012 11:26am Oct 12, 2012 11:26am
double bottom formations should move fast.
as it is not testing it 3rd time.

this seems like stall atm.

regaridng to the expected double bottom reaction

Quoting stevewalker
daily chart actually has a double bottom formation.

is it continiou up or test bottom 3rd time.
  • #1,084
  • Oct 12, 2012 11:29am Oct 12, 2012 11:29am
also

( daily )
if it fails to close over 2957 it will be failed seconf time.
yesterday failed to close over 2940
& today 2957

price is not fast enough to catch up trend.

if there will not be a gap open to over channel & hold it this may most probably roll down

to you level


Quoting stevewalker
double bottom formations should move fast.
as it is not testing it 3rd time.

this seems like stall atm.

regaridng to the expected double bottom reaction
  • #1,085
  • Oct 12, 2012 11:31am Oct 12, 2012 11:31am
& this hypotesis confirms our 4 H failed 2nd wave

Quoting stevewalker
also

( daily )
if it fails to close over 2957 it will be failed seconf time.
yesterday failed to close over 2940
& today 2957

price is not fast enough to catch up trend.

if there will not be a gap open to over channel & hold it this may most probably roll down

to you level
  • #1,086
  • Oct 12, 2012 11:31am Oct 12, 2012 11:31am
Quoting stevewalker
daily chart actually has a double bottom formation.

is it continiou up or test bottom 3rd time.
Double bottom and forming a decending triangle pattern. The problem is this could go either way. And i think we have to watch the fundamentals for this one. EU summit and US elections.
  • #1,087
  • Oct 12, 2012 11:32am Oct 12, 2012 11:32am
decading from top
not from bottom atm

Quoting mok1one
Double bottom and forming a decending triangle pattern. The problem is this could go either way. And i think we have to watch the fundamentals for this one. EU summit and US elections.
  • #1,088
  • Oct 12, 2012 11:32am Oct 12, 2012 11:32am
bottom flat.

Quoting stevewalker
decading from top
not from bottom atm
  • #1,089
  • Oct 12, 2012 11:33am Oct 12, 2012 11:33am
Quoting stevewalker
decading from top
not from bottom atm
That's what i ment.Sry if misunderstood.
  • #1,090
  • Oct 12, 2012 11:33am Oct 12, 2012 11:33am
no I just confirmed.
np.

Quoting mok1one
That's what i ment.Sry if misunderstood.
  • #1,091
  • Oct 12, 2012 11:35am Oct 12, 2012 11:35am
so my prediction is bear for next week unless today close over 2957 or a up gap open on monday over mentioned level.

Quoting stevewalker
no I just confirmed.
np.
  • #1,092
  • Oct 12, 2012 11:37am Oct 12, 2012 11:37am
unless, we are heading down to 2821


Quoting stevewalker
so my prediction is bear for next week unless today close over 2957 or a up gap open on monday over mentioned level.
  • #1,093
  • Oct 12, 2012 11:39am Oct 12, 2012 11:39am
Quoting stevewalker
no I just confirmed.
np.

sry. then i misunderstood.
  • #1,094
  • Oct 12, 2012 11:39am Oct 12, 2012 11:39am
buttttttttttttt

with daily close daily chart will print a new lower fractal & lower channel move down

&

price will be outomaticly over lower channel

thats way waiting monday open/close important

Quoting stevewalker
unless, we are heading down to 2821
  • #1,095
  • Oct 12, 2012 11:40am Oct 12, 2012 11:40am
Quoting stevewalker
so my prediction is bear for next week unless today close over 2957 or a up gap open on monday over mentioned level.
I'm with you on that prediction.
  • #1,096
  • Oct 12, 2012 11:43am Oct 12, 2012 11:43am
instability is much in the market due to some fundamental factors. its not good to marry any position during this period.
forexpillariscipline & patience Trader
  • #1,097
  • Oct 12, 2012 11:43am Oct 12, 2012 11:43am
hope we are right.

but we are still virtual, as no open trades yet ( or floating @ (-) ). so we can think what ever we want as soon as it has logical/technical/fundumental base.


Quoting mok1one
I'm with you on that prediction.
  • #1,098
  • Oct 12, 2012 11:45am Oct 12, 2012 11:45am
agree.

said that mkt eveluated me to a sclaper. ( as I have no offense to scalpers. just not my type )

I am getting happy with 20-30 pip runs.

Quoting paulyjah
instability is much in the market due to some fundamental factors. its not good to marry any position during this period.
  • #1,099
  • Oct 12, 2012 11:46am Oct 12, 2012 11:46am
when trade opened it becomes real.
book loss
or
book profit


Quoting stevewalker
hope we are right.

but we are still virtual, as no open trades yet ( or floating @ (-) ). so we can think what ever we want as soon as it has logical/technical/fundumental base.
  • #1,100
  • Oct 12, 2012 11:53am Oct 12, 2012 11:53am
guys & gals

we had our discussion about next week.
& had a conclusion that we are in a bear mkt.

unless we should see monday open/close for better understanding.
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