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Trading EURUSD only

  • #10,441
  • Nov 7, 2012 8:16pm Nov 7, 2012 8:16pm
Quoting Stimulus
Im looking at 1.245/1.2500 area for reversal. There will be ABC corrections along the way but talking about prints towards 1.3000 again after 1.2500 support is confirmed. I will pull up chart with fibo if wanted.
Yes put up some charts......just want to let you know....the same way it had a hard time to go below 2882......now even if it bounces it will have a very hard time to break the level between 2882/2929 it is a very thick wall.....I hope it get's there cause I am seriously going to short it at that level.....great R:R...... but is it .....?
  • #10,442
  • Nov 7, 2012 8:37pm Nov 7, 2012 8:37pm
Longer Time Frame Fibs .618 Target.
Attached Image (click to enlarge)
Click to Enlarge Name: Longer Fibs.png Size: 51 KB
"My 2 cents"
  • #10,443
  • Nov 7, 2012 8:40pm Nov 7, 2012 8:40pm
he he
if it breaks 2755
Quoting Stimulus
Longer Time Frame Fibs .618 Target.
  • #10,444
  • Nov 7, 2012 8:41pm Nov 7, 2012 8:41pm
below is not ssem so good. ( Yellow zone )
Quoting Stimulus
Longer Time Frame Fibs .618 Target.
  • #10,445
  • Nov 7, 2012 8:43pm Nov 7, 2012 8:43pm
Quoting stevewalker
he he
if it breaks 2755
.382 is no joke either, but .618 is better buy for longer term, and it doesnt negate bullish bias for a move to 1.34 down the road.
"My 2 cents"
  • #10,446
  • Nov 7, 2012 8:49pm Nov 7, 2012 8:49pm
So you think there is no possibility of hitting a double bottom....?
Attached Image (click to enlarge)
Click to Enlarge Name: weekly eur.gif Size: 47 KB
  • #10,447
  • Nov 7, 2012 8:50pm Nov 7, 2012 8:50pm
Quoting Stimulus
.382 is no joke either, but .618 is better buy for longer term, and it doesnt negate bullish bias for a move to 1.34 down the road.
.382 will break. PA will at least provide a fake out to 1.2700 then correct and retest some upper zones, but i think more shorts will push this thing hard once done.
"My 2 cents"
  • #10,448
  • Nov 7, 2012 8:52pm Nov 7, 2012 8:52pm
Quoting 4xPIPAHOLIC
So you think there is no possibility of hitting a double bottom....?
Or to be even more open minded......triple bottom witch if it does and breaks it we might see super lows....nothing is impossible....
Like Steve said we have to be open for both sides....
  • #10,449
  • Nov 7, 2012 8:53pm Nov 7, 2012 8:53pm
Quoting stevewalker
below is not ssem so good. ( Yellow zone )
Hello, what does the yellow zone mean?
  • #10,450
  • Nov 7, 2012 8:55pm Nov 7, 2012 8:55pm
Quoting 4xPIPAHOLIC
So you think there is no possibility of hitting a double bottom....?
possibility sure. it wouldnt surprise me. But .618 holds value and will not fall easily.
"My 2 cents"
  • #10,451
  • Nov 7, 2012 8:55pm Nov 7, 2012 8:55pm
you mean 1.20xx?
Quoting 4xPIPAHOLIC
So you think there is no possibility of hitting a double bottom....?
  • #10,452
  • Nov 7, 2012 8:57pm Nov 7, 2012 8:57pm
Quoting stevewalker
you mean 1.20xx?
Yes......never know...this is the weekly chart.....and as we can see the trend is down.......it has not turn.....where will it turn?
  • #10,453
  • Nov 7, 2012 9:01pm Nov 7, 2012 9:01pm
bro
we are talking break of 2755
with that speed it will reach 1.2xx next US elections

Quoting 4xPIPAHOLIC
Yes......never know...this is the weekly chart.....and as we can see the trend is down.......it has not turn.....where will it turn?
  • #10,454
  • Nov 7, 2012 9:03pm Nov 7, 2012 9:03pm
1.2xx is special level.

it %50 FB level EURUSD since released 1999
it is "case study"
Quoting 4xPIPAHOLIC
Yes......never know...this is the weekly chart.....and as we can see the trend is down.......it has not turn.....where will it turn?
  • #10,455
  • Nov 7, 2012 9:03pm Nov 7, 2012 9:03pm
Quoting 4xPIPAHOLIC
So you think there is no possibility of hitting a double bottom....?
Your chart is not in the right cycle. You have it in a down cycle. My perspective and fibs contend with a cycle reversal at 1.20 area in july 2012. That would make any PA since then Bullish.
"My 2 cents"
  • #10,456
  • Nov 7, 2012 9:06pm Nov 7, 2012 9:06pm
Demand Zone

Quoting ckyon1
Hello, what does the yellow zone mean?
  • #10,457
  • Nov 7, 2012 9:07pm Nov 7, 2012 9:07pm
you can learn here
S/D zones
http://www.forexfactory.com/showthread.php?t=255586

Quoting stevewalker
Demand Zone
  • #10,458
  • Nov 7, 2012 9:10pm Nov 7, 2012 9:10pm
here
Quoting stevewalker
1.2xx is special level.

it %50 FB level EURUSD since released 1999
it is "case study"
Attached Image (click to enlarge)
Click to Enlarge Name: q3.jpg Size: 106 KB
  • #10,459
  • Nov 7, 2012 9:10pm Nov 7, 2012 9:10pm
Quoting stevewalker
you can learn here
S/D zones
http://www.forexfactory.com/showthread.php?t=255586
TYVM
  • #10,460
  • Nov 7, 2012 9:11pm Nov 7, 2012 9:11pm

Quoting ckyon1
TYVM
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