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  • #11,561
  • Nov 9, 2012 11:17pm Nov 9, 2012 11:17pm
Quoting tirmizi
here is another view why i think today's lows can be a turning point in euro$

click on the chart for larger view
on H1 Today Low is a stopping volume candle chart the OBV diverged all the week ( supposed to mean that institutional are buying/accumulating the EUR ) reversal is very very probable
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot128.jpg Size: 167 KB
Sic Transit Gloria Mundi ~ Thus passes the glory of the world
  • #11,562
  • Nov 10, 2012 3:16am Nov 10, 2012 3:16am
This is actually a bigger picture from weekly
Attached Image (click to enlarge)
Click to Enlarge Name: eu weekly.JPG Size: 95 KB
  • #11,563
  • Nov 10, 2012 3:19am Nov 10, 2012 3:19am
Actual EURUSD situation

Quoting stevewalker
if you see what I see you will understand what I mean
  • #11,564
  • Nov 10, 2012 3:31am Nov 10, 2012 3:31am
Trade Copier Test-01
is activated during weekend


Due to security & other issues, I publish a copy of my main account with smaller size real account.

Account will be Public Only During weekends.
  • #11,565
  • Nov 10, 2012 3:37am Nov 10, 2012 3:37am
I would say you should relax because price is making new lows. divergence form 1H? it is too low of a time frame to consider against down trend on daily/weekly. of course if they move up to 1.2900 i will be stopped but so far they have not been able to reach even 1.2800. which means strong selling pressure.
Have you entered at the daily low? in this case I could understand your worries. I actually know that entries at these levels are not optimal. safe entries for me were around 1.300-1.2900 area. However seeing the potential I am ready to make a bet.

Quoting aerotrade
on H1 Today Low is a stopping volume candle chart the OBV diverged all the week ( supposed to mean that institutional are buying/accumulating the EUR ) reversal is very very probable
  • #11,566
  • Nov 10, 2012 3:41am Nov 10, 2012 3:41am
next week US will make the desecion for EURUSD
election gone.
they will put their force my guess
Quoting shiko
I would say you should relax because price is making new lows. divergence form 1H? it is too low of a time frame to consider against down trend on daily/weekly. of course if they move up to 1.2900 i will be stopped but so far they have not been able to reach even 1.2800. which means strong selling pressure.
Have you entered at the daily low? in this case I could understand your worries. I actually know that entries at these levels are not optimal. safe entries for me were around 1.300-1.2900 area. However seeing the potential I am ready to make...
  • #11,567
  • Nov 10, 2012 3:43am Nov 10, 2012 3:43am
Financial cliff talks some time ahead. will see. overall, trend is down. bar some extreme news, I do not think it will reverse. but it sure can make pull back. you know as I always say, cannot break something, take few steps back then try again. it is what e/u has been doing. it is always better to be optimistic cause pesimistic veiw for trend follower can cause mistakes like mine 2 days ago., now account would have had some 30+% floating.

Quoting stevewalker
next week US will make the desecion for EURUSD
election gone.
they will put their force my guess
  • #11,568
  • Nov 10, 2012 3:49am Nov 10, 2012 3:49am
Quoting shiko
Financial cliff talks some time ahead. will see. overall, trend is down. bar some extreme news, I do not think it will reverse. but it sure can make pull back. you know as I always say, cannot break something, take few steps back then try again. it is what e/u has been doing. it is always better to be optimistic cause pesimistic veiw for trend follower can cause mistakes like mine 2 days ago., now account would have had some 30+% floating.
take a step back, use higher time frames, exactomundo.
TRADE FOR SWAP
  • #11,569
  • Nov 10, 2012 3:50am Nov 10, 2012 3:50am
generally friendly reminder to longer term guys it is akin that to potential victims of rape. relax and try to have some pleasure micro managing only hurts.
  • #11,570
  • Nov 10, 2012 3:52am Nov 10, 2012 3:52am
Exactly! Especially with this big picture. Momentum on short side, any doubts?



Quoting cgldsmth
take a step back, use higher time frames, exactomundo.
Attached Image (click to enlarge)
Click to Enlarge Name: eu weekly.JPG Size: 225 KB
  • #11,571
  • Nov 10, 2012 3:56am Nov 10, 2012 3:56am
there is dubt

it dhould break the High the one before Low

Quoting shiko
Exactly! Especially with this big picture. Momentum on short side, any doubts?
  • #11,572
  • Nov 10, 2012 3:57am Nov 10, 2012 3:57am
here

Quoting stevewalker
there is dubt

it dhould break the High the one before Low
Attached Image
  • #11,573
  • Nov 10, 2012 3:57am Nov 10, 2012 3:57am
Got it

Quoting stevewalker
there is dubt

it dhould break the High the one before Low
  • #11,574
  • Nov 10, 2012 3:59am Nov 10, 2012 3:59am
The level is minor support. major support is the one that caused a really big bounce. it is at lower level. the very strong is around 1.2300

Quoting stevewalker
here
  • #11,575
  • Nov 10, 2012 3:59am Nov 10, 2012 3:59am

Quoting shiko
generally friendly reminder to longer term guys it is akin that to potential victims of rape. relax and try to have some pleasure micro managing only hurts.
  • #11,576
  • Nov 10, 2012 4:00am Nov 10, 2012 4:00am
everything might happen but I am short now. I doubt I will try again if I am stopped.
  • #11,577
  • Nov 10, 2012 4:01am Nov 10, 2012 4:01am
the reason of that down move can be a prepartion of big up move
we should think both direction & both possibilities


Quoting shiko
The level is minor support. major support is the one that caused a really big bounce. it is at lower level. the very strong is around 1.2300
  • #11,578
  • Nov 10, 2012 4:01am Nov 10, 2012 4:01am


Quoting stevewalker
  • #11,579
  • Nov 10, 2012 4:03am Nov 10, 2012 4:03am
I do think, but not before I start seeing signs of weakness. so far I see none. so to think it might reverse at this or that level when trend is down both on daily and weekly is pure speculation not supported by facts. but for you it doe snot matter. this level is perfect for your style. it allows for a lot of ups and downs... I am trying to keep things simple. The tape is printing red, so why should I think green?

Quoting stevewalker
the reason of that down move can be a prepartion of big up move
we should think both direction & both possibilities
  • #11,580
  • Nov 10, 2012 4:11am Nov 10, 2012 4:11am
for me it does not matter.
if it ask for scalping I scalp if it trends thats also ok.
I dont care the trade distande. I care the secure profit as much as I can.
there are many trades 10-15 pips in history. Some of those are parts of big move.
instead of having 50 or 80 pips in once I take it with portions as 10-15-20 which is actually %100 matching the MKT mood as we are getting CZ every 10-15 pips.


Quoting shiko
I do think, but not before I start seeing signs of weakness. so far I see none. so to think it might reverse at this or that level when trend is down both on daily and weekly is pure speculation not supported by facts. but for you it doe snot matter. this level is perfect for your style. it allows for a lot of ups and downs... I am trying to keep things simple. The tape is printing red, so why should I think green?
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