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Trading EURUSD only

  • #5,081
  • Oct 26, 2012 2:45am Oct 26, 2012 2:45am
or may be we are in a horizantal Range

Quoting stevewalker
& yes may be 2921 is realy DIP
we can not know that
time will tel
  • #5,082
  • Oct 26, 2012 2:48am Oct 26, 2012 2:48am
until I see the bounce below %50 zone @ 1H chart I was stronly on bull side.
& traded the idea.
but signs getting more bearish
  • #5,083
  • Oct 26, 2012 2:50am Oct 26, 2012 2:50am
exit first short entry BE
second FL 10

Quoting stevewalker
added short 2933
same size
  • #5,084
  • Oct 26, 2012 2:51am Oct 26, 2012 2:51am
Quoting stevewalker
I am talking about formations for downmove.
we can draw arrows from any level to any direction.

some traders draw 2 or 3 waves on charts while we are not able to predict next tick.

yes up move possible. but also 2945 is weakened too much.
Remember we are in a range - and without any fundamental drivers this would rather continue being in it and hence this is just round the corner for an upmove - will know by this end of the day or by monday .
finding A M S
  • #5,085
  • Oct 26, 2012 2:52am Oct 26, 2012 2:52am
as you can see below I was strongly bull.
but now I am neutral/breaish

Quoting stevewalker
my conclusion about below 2945;
will not quote to a post, there are many can be found last 2 dyas.
MKT does not want to trade below 2945.
it is definetly not using the levels below & rejecting itself from strange levels to 2945 again.

before seing a upper fractal below 2945 @ 1H chart my main supprt is 2945.
  • #5,086
  • Oct 26, 2012 2:55am Oct 26, 2012 2:55am
I was also thinking tha same reverse move until this morning.
but for me the level we are trading is getting weak.
& again formations @ 1H & 4H looking down.
I amy be wrong.
time will tel
Quoting prashant7
Remember we are in a range - and without any fundamental drivers this would rather continue being in it and hence this is just round the corner for an upmove - will know by this end of the day or by monday .
  • #5,087
  • Oct 26, 2012 2:57am Oct 26, 2012 2:57am
@prashant7
post from Sunday
Quoting stevewalker
going down will be a easy selection.

FX in Generel do the opposite

when lookin daily chart I see the smiliar setup

3006 Diagonal
2999 Fibo for a long time staying there

So I am expecting a bounce over 3000 level to next test breaking up

But also moving down to 2910 to lower channel is also possible.
  • #5,088
  • Oct 26, 2012 2:58am Oct 26, 2012 2:58am
@prashant7
post from Sunday
Quoting stevewalker
for bounce theory the problem is there is too small area to bounce & attack the top.

this concerns me.

at that point I am thinking more going down & attack with more power.

may be not 2910 in betwen 2950 then up again.
  • #5,089
  • Oct 26, 2012 3:09am Oct 26, 2012 3:09am
Quoting stevewalker
@prashant7
post from Sunday
Okay - i know your posts now . but why you changed your bias suddenly - that too only in the morning - great moves happen almost on the edges and most of traders get tired of being in it and then market decides to move . human psychology - with market .
finding A M S
  • #5,090
  • Oct 26, 2012 3:17am Oct 26, 2012 3:17am
long @ 1.2926 tp 1.2939
  • #5,091
  • Oct 26, 2012 3:20am Oct 26, 2012 3:20am
it is not suddenly
but as said the actual formations are bearish/neutral.
& this may also change.
to stuck to one idea wrong. ( according to me )
MKT is active.

Quoting prashant7
Okay - i know your posts now . but why you changed your bias suddenly - that too only in the morning - great moves happen almost on the edges and most of traders get tired of being in it and then market decides to move . human psychology - with market .
  • #5,092
  • Oct 26, 2012 3:21am Oct 26, 2012 3:21am
my bias last night was 2962
now it is 2975
the bias for up move it moving up while price is moving down

Quoting stevewalker
it is not suddenly
but as said the actual formations are bearish/neutral.
& this may also change.
to stuck to one idea wrong. ( according to me )
MKT is active.
  • #5,093
  • Oct 26, 2012 3:28am Oct 26, 2012 3:28am
there is a huge battle between 2945 2919
it will end soon & we will see who won
  • #5,094
  • Oct 26, 2012 3:40am Oct 26, 2012 3:40am
steve i think head and shoulder pattern become on h4..!!!!

is it valid...??? or not
  • #5,095
  • Oct 26, 2012 3:41am Oct 26, 2012 3:41am
Quoting stevewalker
there is a huge battle between 2945 2919
it will end soon & we will see who won
This could be the reason why there is a battle. As you can see price is in a critical area.Bulls want it to bounce bears want it to break that line to go deep down.

4H Chart with fibonacci channels.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.JPG Size: 115 KB
  • #5,096
  • Oct 26, 2012 3:43am Oct 26, 2012 3:43am
HS is generally a Top formation.
yes it also form bottom but rare.
I dont see a HS formation @4H
Quoting sam14985
steve i think head and shoulder pattern become on h4..!!!!

is it valid...??? or not
  • #5,097
  • Oct 26, 2012 3:46am Oct 26, 2012 3:46am
it is still running up to 294x like baby running to its mother

Quoting mok1one
This could be the reason why there is a battle. As you can see price is in a critical area.Bulls want it to bounce bears want it to break that line to go deep down.

4H Chart with fibonacci channels.
  • #5,098
  • Oct 26, 2012 3:50am Oct 26, 2012 3:50am
Quoting stevewalker
it is still running up to 294x like baby running to its mother
yes it is . And that is why am flat @ the moment and wathching that 4h chart to see what do they decide. break or bounce off the 3 channel crosses.
  • #5,099
  • Oct 26, 2012 3:51am Oct 26, 2012 3:51am
below 2945 still not liquid.
  • #5,100
  • Oct 26, 2012 3:52am Oct 26, 2012 3:52am
smart desecion
Quoting mok1one
yes it is . And that is why am flat @ the moment and wathching that 4h chart to see what do they decide. break or bounce off the 3 channel crosses.
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