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Trading EURUSD only

  • #7,641
  • Nov 2, 2012 6:33am Nov 2, 2012 6:33am
price heading to fibchannel squeeze. Waiting for a breakout.
Attached Image (click to enlarge)
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  • #7,642
  • Nov 2, 2012 6:34am Nov 2, 2012 6:34am
my guess it is trying to stay over 2882 before news

Quoting mok1one
price heading to fibchannel squeeze. Waiting for a breakout.
  • #7,643
  • Nov 2, 2012 6:35am Nov 2, 2012 6:35am
look at 1M chart & see the pain there
battle & pain with every bar

Quoting stevewalker
my guess it is trying to stay over 2882 before news
  • #7,644
  • Nov 2, 2012 6:36am Nov 2, 2012 6:36am
Quoting stevewalker
my guess it is trying to stay over 2882 before news
Have the same feeling.
  • #7,645
  • Nov 2, 2012 6:37am Nov 2, 2012 6:37am
if it wants to go down then it should;
Quoting stevewalker
yes up move will fill the pending shorts placed there
this will speed it up to down with momentum.
we need momentum.

Quoting mok1one
Have the same feeling.
  • #7,646
  • Nov 2, 2012 6:38am Nov 2, 2012 6:38am
a fast up
like it is moving up for no return

Quoting stevewalker
if it wants to go down then it should;
  • #7,647
  • Nov 2, 2012 6:40am Nov 2, 2012 6:40am
something like this

Quoting stevewalker
a fast up
like it is moving up for no return
Attached Image (click to enlarge)
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  • #7,648
  • Nov 2, 2012 6:40am Nov 2, 2012 6:40am
Quoting mok1one
http://www.forexfactory.com/showthre...55#post6156355

Doesn't want to crawl back up from the green channel. Had a rejecton. Scalping short from 87 . TP 70
TP+ 7
  • #7,649
  • Nov 2, 2012 6:41am Nov 2, 2012 6:41am
but........
we may be totally wrong about our forecast.
so it is always better to be on safe side & not trade blind & not stuck in one prediction

Quoting stevewalker
something like this
  • #7,650
  • Nov 2, 2012 6:50am Nov 2, 2012 6:50am
lets say....
it will go down.
where it can test from up?
max.
  • #7,651
  • Nov 2, 2012 6:51am Nov 2, 2012 6:51am
my guess max 2925

Quoting stevewalker
lets say....
it will go down.
where it can test from up?
max.
  • #7,652
  • Nov 2, 2012 6:55am Nov 2, 2012 6:55am
he he
at the end it moved its "back" over 2882
Quoting stevewalker
look at 1M chart & see the pain there
battle & pain with every bar
  • #7,653
  • Nov 2, 2012 6:55am Nov 2, 2012 6:55am
Quoting stevewalker
my guess max 2925
I Have fiblines @00 and the next on 20. So 25 max could be it. Int he case IF it goes DOWN ofcourse
  • #7,654
  • Nov 2, 2012 6:56am Nov 2, 2012 6:56am
IF NFP is over expectation, risk will increase so what will happen is that risk-averse currencies will be sold out and dollar and euro will be bought.
What is the final outcome eur up or down it depends...

Eur will start to go up as dollars will trade for actions, Dollar will go up as Jpy Cad aud etc is traded to dollars.

But certainly I expect bear movement
  • #7,655
  • Nov 2, 2012 6:58am Nov 2, 2012 6:58am
But the green 15min fibchannel seem to be a problem for the price right now.

5MIN chart
Attached Image (click to enlarge)
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  • #7,656
  • Nov 2, 2012 6:59am Nov 2, 2012 6:59am
NFP in 30 minutes, price is right at the bottom of a range....
  • #7,657
  • Nov 2, 2012 7:00am Nov 2, 2012 7:00am
he he
you stuck with that number.
I had worked with those for over year.
there is one thing sure about I can say with my experience

US Retail Sales @ Nov - Dec always gets better due to Christmas
& its mostly traded reverse on charts
due its well known that it will be good

other then this Flip a coin



Quoting Farrusco
IF NFP is over expectation, risk will increase so what will happen is that risk-averse currencies will be sold out and dollar and euro will be bought.
What is the final outcome eur up or usd down it depends...

Eur will start to go up as dollars will trade for actions, Dollar will go up as Jpy Cad aud etc is traded to dollars.
  • #7,658
  • Nov 2, 2012 7:03am Nov 2, 2012 7:03am
yes holding there

Quoting GDR3k
NFP in 30 minutes, price is right at the bottom of a range....
  • #7,659
  • Nov 2, 2012 7:12am Nov 2, 2012 7:12am
19 18 17 ..........
  • #7,660
  • Nov 2, 2012 7:14am Nov 2, 2012 7:14am
in 1H chart, by respecting eliot wave we can see a correction forming on eur usd to 1.2938 but then Bear to new lows. ( I believe this is the case as NFP will be positive )
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