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  • #1,161
  • Oct 13, 2012 12:39pm Oct 13, 2012 12:39pm
Quoting stevewalker
http://search1.bloomberg.com/search/...l&page=1&q=imf
not clear.
forexpillariscipline & patience Trader
  • #1,162
  • Oct 13, 2012 12:40pm Oct 13, 2012 12:40pm
Quoting stevewalker
http://search1.bloomberg.com/search/...l&page=1&q=imf
thanks :-)
  • #1,163
  • Oct 13, 2012 12:41pm Oct 13, 2012 12:41pm
after i read the news

i voted eurusd down
  • #1,164
  • Oct 13, 2012 12:45pm Oct 13, 2012 12:45pm

Quoting daka
after i read the news

i voted eurusd down
  • #1,165
  • Oct 13, 2012 12:46pm Oct 13, 2012 12:46pm

Quoting Maros
thanks :-)
  • #1,166
  • Oct 13, 2012 12:49pm Oct 13, 2012 12:49pm
this is important

IMO also if Greece will leave EURO this will give more strenght to EURO

http://www.bloomberg.com/news/2012-1...imf-meets.html
  • #1,167
  • Oct 13, 2012 1:37pm Oct 13, 2012 1:37pm
That could be inverse head & shoulders kinda thing happening on H4. If it is, could mean that not much downwards movement anymo'.... but if it goes with it, has to break out from H1 head & shoulders before that. So that H1 comes first anyway it goes.

Daily has 2 nice bull candles and room for around 100 pips move up before that flag trendline.....

Weekly messed up, which could mean ranging. Maybe it will test the daily flag upper trendline first, then comes back down to that D1 flag bottom trendline and makes the decision then where to go next.....

Best regards

Mr Fortuneteller
  • #1,168
  • Oct 13, 2012 2:16pm Oct 13, 2012 2:16pm
I plotted H1 Eurusd and Awesome Oscillator to show wave

I see a higher high on the price, but a lower peak to the corresponding AO wave

To me this means bearish divergence and indicates the possibility of a downward push shortly, I think it is running out of push
Attached Image (click to enlarge)
Click to Enlarge Name: h1 12 oct eurodollar.JPG Size: 88 KB
  • #1,169
  • Oct 13, 2012 2:33pm Oct 13, 2012 2:33pm
Quoting stevewalker
this is important

IMO also if Greece will leave EURO this will give more strenght to EURO

http://www.bloomberg.com/news/2012-1...imf-meets.html
Thaks too much... it´s realy important, and I think, that this is a very good reason for euro uptrend, but not immidiately maybe... ´cos could some downgrade before the uptrend - still maybe - for big dogs for improvement their positions... We will see tomorow...
  • #1,170
  • Oct 13, 2012 2:45pm Oct 13, 2012 2:45pm
if you can support your idea with chart will be appriciated.

Quoting Whistlepips
That could be inverse head & shoulders kinda thing happening on H4. If it is, could mean that not much downwards movement anymo'.... but if it goes with it, has to break out from H1 head & shoulders before that. So that H1 comes first anyway it goes.

Daily has 2 nice bull candles and room for around 100 pips move up before that flag trendline.....

Weekly messed up, which could mean ranging. Maybe it will test the daily flag upper trendline first, then comes back down to that D1 flag bottom trendline and makes the decision then where to go...
  • #1,171
  • Oct 13, 2012 2:47pm Oct 13, 2012 2:47pm
yes divergence shows the weaksnes of price for mean period.
the question is if mean period is correct?

Quoting wiseambition
I plotted H1 Eurusd and Awesome Oscillator to show wave

I see a higher high on the price, but a lower peak to the corresponding AO wave

To me this means bearish divergence and indicates the possibility of a downward push shortly, I think it is running out of push
  • #1,172
  • Oct 13, 2012 2:49pm Oct 13, 2012 2:49pm
actually you are the only one who is predicting up move.

will be intersting to see your idea supported with chart.

PS : & you may be wright

Quoting stevewalker
if you can support your idea with chart will be appriciated.
  • #1,173
  • Oct 13, 2012 2:53pm Oct 13, 2012 2:53pm
Quoting stevewalker
yes divergence shows the weaksnes of price for mean period.
the question is if mean period is correct?

This is similar assessment of daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: euro daily 2012.JPG Size: 123 KB
  • #1,174
  • Oct 13, 2012 3:00pm Oct 13, 2012 3:00pm
so you basicly saying price will break narrowing zone down.

yes most of the traders are thinking the same way.

we did not discussed the level it may go, but about direction.

Quoting wiseambition
This is similar assessment of daily chart
  • #1,175
  • Oct 13, 2012 3:02pm Oct 13, 2012 3:02pm
guys & gals

poll important.

it will give us a general outlook of how we think for the expected next big move

do please vote

TY.
  • #1,176
  • Oct 13, 2012 3:18pm Oct 13, 2012 3:18pm
Couple of pics to illustrate my previous points.

Weekly looks like a ranger?
D1 bull flaggish?
H4 inverse head & shoulders
H1 head & shoulders, but ascending trendline still valid.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1310121.gif Size: 32 KB
Click to Enlarge Name: eu1310122.gif Size: 32 KB
Click to Enlarge Name: eu1310123.gif Size: 29 KB
Click to Enlarge Name: eu1310124.gif Size: 33 KB
  • #1,177
  • Oct 13, 2012 3:29pm Oct 13, 2012 3:29pm

TY

well explained

I dont agree 4 H Reverse HS pattern. it is double bottom.

but I agree with you on the direction of breakout which is up. ( already voted )

also I am expecting first, a bounce 2907/37 level and then up.


Quoting Whistlepips
Couple of pics to illustrate my previous points.

Weekly looks like a ranger?
D1 bull flaggish?
H4 inverse head & shoulders
H1 head & shoulders, but ascending trendline still valid.
  • #1,178
  • Oct 13, 2012 3:32pm Oct 13, 2012 3:32pm
Quoting stevewalker

TY

well explained

I dont agree 4 H Reverse SHS pattern.

but I agree with you on the direction of breakout which is up. ( already voted )

also I am expecting first, a bounce 2907/37 level and then up.
Why not H4 inverse H&S? Do you think it will break the ascending trendline down on H1 and start to create upwards channel after that?

Edit: Yep, voted =)

Edit: You may be right. H4 hasnt found a significant bottom yet...
  • #1,179
  • Oct 13, 2012 3:40pm Oct 13, 2012 3:40pm
1 H
the right shoulder you ment occured due to end of week.

if you go back to fiday I had said they will park price to 2949 level for weekend

so it did carried up to that level.

so it is fake move.

most probably we will test the bottom TL on D1 chart.
the up again.

I dont know how many moves can be squeezed in that narrowing zone.

but what I am %51 sure is it will first make a half way bounce.

before coming toa conclusion we should see Monday Open. gap or not?

but I think we will go down first

Quoting Whistlepips
Why not H4 inverse H&S? Do you think it will break the ascending trendline down on H1 and start to create upwards channel after that?

Edit: Yep, voted =)

Edit: You may be right. H4 hasnt found a significant bottom yet...
  • #1,180
  • Oct 13, 2012 3:43pm Oct 13, 2012 3:43pm
Quoting stevewalker
1 H
the right shoulder you ment occured due to end of week.

if you go back to fiday I had said they will park price to 2949 level for weekend

so it did carried up to that level.

so it is fake move.

most probably we will test the bottom TL on D1 chart.
the up again.

I dont know how many moves can be squeezed in that narrowing zone.

but what I am %51 sure is it will first make a half way bounce.

before coming toa conclusion we should see Monday Open. gap or not?

but I think we will go down first
Thanks
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