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Trading EURUSD only

  • #11,841
  • Nov 12, 2012 6:37am Nov 12, 2012 6:37am
Quoting shellsnail
yes agreed either that or we will see a sharp increase in the angle of the trendline soon.
mm seeing some action now...
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  • #11,842
  • Nov 12, 2012 6:41am Nov 12, 2012 6:41am
Only 4H chart telling me to go long. Every other TF telling me to short this thing to new lows. Hmm...
  • #11,843
  • Nov 12, 2012 6:41am Nov 12, 2012 6:41am
the information seems like conflicted
but not.

it may go higher with lower low bounce
or
it may go up with bouncing over strong supports

Quoting stevewalker
if I see a bounce over 2721 will go long
  • #11,844
  • Nov 12, 2012 6:42am Nov 12, 2012 6:42am
4H CZ for down

Quoting mok1one
Only 4H chart telling me to go long. Every other TF telling me to short this thing to new lows. Hmm...
  • #11,845
  • Nov 12, 2012 6:42am Nov 12, 2012 6:42am
Quoting mok1one
Only 4H chart telling me to go long. Every other TF telling me to short this thing to new lows. Hmm...
Mate don't get wrong it must go down but today the bears are on holiday so expect a correction in eur usd and a major fall tomorrow
  • #11,846
  • Nov 12, 2012 6:42am Nov 12, 2012 6:42am
Quoting stevewalker
the information seems like conflicted
but not.

it may go higher with lower low bounce
or
it may go up with bouncing over strong supports
basically conclusion: it goes up eventually but before that it might hit newer lows, even 1.26 depending on what happens in eurozone.
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  • #11,847
  • Nov 12, 2012 6:43am Nov 12, 2012 6:43am
but
as said
it may break a REZ then bouce over it
this means up

not a strong up move
step by step
with break bounce game

Quoting stevewalker
4H CZ for down
  • #11,848
  • Nov 12, 2012 6:43am Nov 12, 2012 6:43am
if you believe tarde it

Quoting shellsnail
basically conclusion: it goes up eventually but before that it might hit newer lows, even 1.26 depending on what happens in eurozone.
  • #11,849
  • Nov 12, 2012 6:44am Nov 12, 2012 6:44am
Quoting shellsnail
basically conclusion: it goes up eventually but before that it might hit newer lows, even 1.26 depending on what happens in eurozone.
Yes, I am also positive about E/U to fall at 1.26 levels.
First target 1.2655 zone

By the way what time are the EU Finance Ministers meeting today ? is it 5:00 GMT ?
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #11,850
  • Nov 12, 2012 6:45am Nov 12, 2012 6:45am
So i see everybody is on the short side. Let's drive this thing down then
  • #11,851
  • Nov 12, 2012 6:45am Nov 12, 2012 6:45am
clear the minds;

if price is in a CZ down
- fast up moves is for triggering pernding shorts which are waiting high as happened minutes ago @ 2729
- break & bounce means it is staying away from down move & forming a proper up move
  • #11,852
  • Nov 12, 2012 6:46am Nov 12, 2012 6:46am
Quoting mok1one
So i see everybody is on the short side. Let's drive this thing down then
best short entry place is 38.2 fibo in daily chart, maybe we will reach there!
  • #11,853
  • Nov 12, 2012 6:46am Nov 12, 2012 6:46am
in all economic datas
forecasting currecies is the most difficoult one

Quoting aviz12
Yes, I am also positive about E/U to fall at 1.26 levels.
First target 1.2655 zone

By the way what time are the EU Finance Ministers meeting today ? is it 5:00 GMT ?
  • #11,854
  • Nov 12, 2012 6:48am Nov 12, 2012 6:48am
Quoting stevewalker
if you believe tarde it
yeah ofcourse I am am long now though hahaha.
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  • #11,855
  • Nov 12, 2012 6:48am Nov 12, 2012 6:48am
even big banks fail & change their outlook

Quoting stevewalker
in all economic datas
forecasting currecies is the most difficoult one
  • #11,856
  • Nov 12, 2012 6:49am Nov 12, 2012 6:49am
Quoting aviz12
Yes, I am also positive about E/U to fall at 1.26 levels.
First target 1.2655 zone

By the way what time are the EU Finance Ministers meeting today ? is it 5:00 GMT ?
It might reach 1.26 only after reach 1.29 first... so becareful.
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  • #11,857
  • Nov 12, 2012 6:50am Nov 12, 2012 6:50am
Quoting shellsnail
It might reach 1.26 only after reach 1.29 first... so becareful.
I disagree, us500 will reach bottom at 1150, and eur won't pass 1.2738 even with bears on holiday lol
  • #11,858
  • Nov 12, 2012 6:51am Nov 12, 2012 6:51am
EZ 5M %50 @2717
bouce over/below may trigger long/short
  • #11,859
  • Nov 12, 2012 6:51am Nov 12, 2012 6:51am
2717 which is our Actual Bias
Quoting stevewalker
EZ 5M %50 @2717
bouce over/below may trigger long/short
  • #11,860
  • Nov 12, 2012 6:54am Nov 12, 2012 6:54am
long @ 2718
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