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Trading EURUSD only

  • #7,501
  • Nov 2, 2012 3:13am Nov 2, 2012 3:13am
Quoting stevewalker
NFP is nowadays zig-zag trading.
not going anywhere.
but it might be different this time
Yep, i have that feeling. I have been watching news reactions lately, they are picking back up in spikes. The mood is correct for a big reaction up or down. I just dont think this will be a spike, then return to trend scenario. The pressure has been building for weeks now. Chop as 4x put it, I think we are close to an end. Its coming.
"My 2 cents"
  • #7,502
  • Nov 2, 2012 3:13am Nov 2, 2012 3:13am
Quoting 4xPIPAHOLIC
Yes I know.....but I hate chop markets....my stomach....
nobody likes them but overall e/u is not as dinamic as it used to be. often candles on 5-15 min reading is useless. looks like it is better to trade form s/r levels and not on PA alone as it used to be. also waves but i have no understanding in Elliot waves theory to use it
  • #7,503
  • Nov 2, 2012 3:15am Nov 2, 2012 3:15am
Part of the news is always on the chart......
  • #7,504
  • Nov 2, 2012 3:16am Nov 2, 2012 3:16am
we will think all
&
trade technicals.
thats what we can do logically.
dont know.
still not a light in mind about a direction.

Quoting Stimulus
Yep, i have that feeling. I have been watching news reactions lately, they are picking back up in spikes. The mood is correct for a big reaction up or down. I just dont think this will be a spike, then return to trend scenario. The pressure has been building for weeks now. Chop as 4x put it, I think we are close to an end. Its coming.
  • #7,505
  • Nov 2, 2012 3:16am Nov 2, 2012 3:16am
exectly.
some have already priced

Quoting 4xPIPAHOLIC
Part of the news is always on the chart......
  • #7,506
  • Nov 2, 2012 3:18am Nov 2, 2012 3:18am
Hi, Im Carlos from Chile, and I just follow you three days ago. I give you my respects and I hope to learn fast to add some words here.
Sorry for my write, because my born lenguage is Spanish.
  • #7,507
  • Nov 2, 2012 3:18am Nov 2, 2012 3:18am
when looking 1H chart
I see price in down chennel but bottom formation with actual bar is return
Attached Image (click to enlarge)
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  • #7,508
  • Nov 2, 2012 3:19am Nov 2, 2012 3:19am
Quoting mok1one
That last channel-line doesn't wanna give up at all.
It still doesn't wanna give up.
15MIN channel line on 5MIN chart
Attached Image (click to enlarge)
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  • #7,509
  • Nov 2, 2012 3:20am Nov 2, 2012 3:20am
also we have a huge sell pressure.
it is like everbody knows it will go down but holding it for a news or event.
  • #7,510
  • Nov 2, 2012 3:22am Nov 2, 2012 3:22am
Quoting stevewalker
also we have a huge sell pressure.
it is like everbody knows it will go down but holding it for a news or event.
  • #7,511
  • Nov 2, 2012 3:22am Nov 2, 2012 3:22am
like sequeezing the steel spring between your fingers

Quoting stevewalker
also we have a huge sell pressure.
it is like everbody knows it will go down but holding it for a news or event.
  • #7,512
  • Nov 2, 2012 3:25am Nov 2, 2012 3:25am
Quoting stevewalker
we will think all
&
trade technicals.
thats what we can do logically.
dont know.
still not a light in mind about a direction.
This narrowing wedge is coming to closure within days, if not hours. Prepared for breakout either way.
Attached Image (click to enlarge)
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"My 2 cents"
  • #7,513
  • Nov 2, 2012 3:26am Nov 2, 2012 3:26am
this line is dead
4 test
it will either create a new one below or will break down & go deep
when it will break?
from which level is good to enter shorts
Attached Image (click to enlarge)
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  • #7,514
  • Nov 2, 2012 3:26am Nov 2, 2012 3:26am
Quoting 4xPIPAHOLIC

yes, cannot get to yesterday low which is obvious resistance. pretty bearish for me.
  • #7,515
  • Nov 2, 2012 3:26am Nov 2, 2012 3:26am
bottom is dead
it will break
just a matter of time

Quoting Stimulus
This narrowing wedge is coming to closure within days, if not hours. Prepared for breakout either way.
  • #7,516
  • Nov 2, 2012 3:28am Nov 2, 2012 3:28am
it is not testing up TL
testing bottom TL

buy orders is about to finish there

Quoting stevewalker
bottom is dead
it will break
just a matter of time
  • #7,517
  • Nov 2, 2012 3:30am Nov 2, 2012 3:30am
when
&
from which level
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  • #7,518
  • Nov 2, 2012 3:37am Nov 2, 2012 3:37am
I will predict something crazy..."HOUDINI" STYLE......
When the GBPJPY....breaks below 129.08,,,only then the whole market is going to tumble......and break 2882....
Why , It is a very long explanation.....but I will tell you one thing....USD and YEN are brother sister.....
  • #7,519
  • Nov 2, 2012 3:38am Nov 2, 2012 3:38am
I feel like talking to myself he he
any idea?
  • #7,520
  • Nov 2, 2012 3:38am Nov 2, 2012 3:38am
Quoting stevewalker
when
&
from which level
I think you know my answer, Im adding shorts as a zone is broken and tested on the 15m. Just like i added at 1.2910, then 1.2882, then 1.2820, then 1.2800, but only after confirmation with 15m channel.
"My 2 cents"
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