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  • #721,661
  • Nov 24, 2012 12:21pm Nov 24, 2012 12:21pm
yesterday when i said that do not understand the reason why ppl shorting this some got nervous and emotional. so i will not repeat that but will attach a chart for possible up moves. please note this is nothing but a sentiment. and every single of us has the same chance predicting the market. it is always 50/50. you can give reply me the same proving it is a downtrend. and you could be right too. what does that mean? something to think about.
i also hate giving exact numbers, and no one can do that. so consider the approximate levels. this chart is just food for thought and in a way, it is totally meaningless. also can you see any sign indicating downtrend since nov 13?
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As Above, So Below
  • #721,662
  • Nov 24, 2012 12:30pm Nov 24, 2012 12:30pm
Quoting Vachus
My intial look on EURUSD remain Bullish - from Technical side of things , the lastest move if it managed to close November just above 1.29500 - will open 1.32400 January High Slighty bullish. A november closing above 1.30800 will be agressive bull towards 1.35 ! ( Which i think is in the process of happening , December is tanked with Market moving events ). The Monthly chart support the 1.45 Senario ... which mean that 2013 most probably is a bullish year for Euro

But 1.35 is not far away

* To be continued
you might be right cause you look in other technical indicators

but what i dont like in e/u is the weekly chart

MA25<MA50<MA100<MA200

and MA200 for first time has a downtrend

this is a sell signal but we are talking about the weekly chart. it might take months to find the moment to enter a trade and months to exit it.
  • #721,663
  • Nov 24, 2012 12:37pm Nov 24, 2012 12:37pm
Quoting gatorinla
how do you figure that..? last year closed at 2962.. yes we are above.. atm.. but the yearly candle if closed today is a doji.. we have a month left. we have been lower then normal 120 adr for months. we can easily pick up the pace of movement this last 5 weeks. i am not saying your wrong.. but your not gonna get a second date if she has to clean her belly before.
Well first , i don't really have access to the Yearly chart - which i really wish i had. I was looking at the monthly chart and how for the past four month closing above 1.29 was falling - the first potential close next week and will be the first Month to close above 1.29500 since the Dragni annocement of the Bond buying program. But also the Monthly suggesting a unsolved Range between 1.48 and 1.26 ! Each breakout resulted in a return back again to the range boundaries. So, If every year Euro print a low near 1.20 / 1.18 , i assume the path of least resistance should be driven to the top of the range 1.45 ( But i might be wrong on this one)


Also, A slight change in fundementals and the outlook of the Fed QE program suggest a sharp move up on the Euro , given also the Gold forcast at 2000. But these are abit long term view and subject to modify or change ...

I'm really glad to see you mentioning Yearly chart and discuss monthly chart ...
"It's the Margin, Stupid."
  • #721,664
  • Nov 24, 2012 12:45pm Nov 24, 2012 12:45pm
Quoting tashkent
yesterday when i said that do not understand the reason why ppl shorting this some got nervous and emotional. so i will not repeat that but will attach a chart for possible up moves. please note this is nothing but a sentiment. and every single of us has the same chance predicting the market. it is always 50/50. you can give reply me the same proving it is a downtrend. and you could be right too. what does that mean? something to think about.
i also hate giving exact numbers, and no one can do that. so consider the approximate levels. this chart...
My perspective on the 'trend' is a little more long-term, but looking at the fib levels and how price has reacted to the larger term swing high and low, I can't see the short-term uptrend continuing much longer without running into some trouble. Keep in mind price hasn't even broken the 38.2% May 2011 / July 2012 swing high retracement and has failed twice to do so, with significant time between now and the last attempt for a good amount of orders to stack up. It's going to be a major hurdle to break that double top given the confluence of factors involved.

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  • #721,665
  • Edited 2:01pm Nov 24, 2012 1:11pm | Edited 2:01pm
Quoting Kanzler
My perspective on the 'trend' is a little more long-term, but looking at the fib levels and how price has reacted to the larger term swing high and low, I can't see the short-term uptrend continuing much longer without running into some trouble. Keep in mind price hasn't even broken the 38.2% May 2011 / July 2012 swing high retracement and has failed twice to do so, with significant time between now and the last attempt for a good amount of orders to stack up. It's going to be a major hurdle to break that double top given the confluence of factors...
nice.
these are alternative lines to your chart. again, they mean nothing much. but could have been a stimulus to take long from where i have pointed.
every single line will be broken one day. be it trendline, support or resistance, fibo numbers or something else. when price gets there it will either go up or down. what is much to think about? we draw our beloved lines, pull that "magic fibo", do that analytical masturbation and then press the red or green button and wait if we were right or wrong. if were right, great, keep collecting pips. if were wrong, cut the loss and quit. of course there is a lot to say but the bottom line - do not over analyze. keep it simple. market will not give a sh** to our super-puper analysis (we all have experienced that countless times, yet we fail to accept. that is what makes most of us %95 losers)
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As Above, So Below
  • #721,666
  • Nov 24, 2012 2:06pm Nov 24, 2012 2:06pm
On Forex Factory calender i couldn't find on 25th of November anything mentioned about the Catalonia's election in Spain ... this thing is a mover !
"It's the Margin, Stupid."
  • #721,667
  • Nov 24, 2012 3:33pm Nov 24, 2012 3:33pm
Quoting Vachus
this thing is a mover !
But I don't see anything move!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #721,668
  • Nov 24, 2012 4:00pm Nov 24, 2012 4:00pm
Quoting chess king
hi
thank you but do not need any help ... only self help ...
lol oki cool. stay motivated stay hungry.
100pips all d bst!
  • #721,669
  • Nov 24, 2012 7:41pm Nov 24, 2012 7:41pm
Quoting KillerWhale
But I don't see anything move!
Quoting Vachus
On Forex Factory calender i couldn't find on 25th of November anything mentioned about the Catalonia's election in Spain ... this thing is a mover !
Always looking the GREAT, never left GOOD Point...
  • #721,670
  • Nov 24, 2012 10:41pm Nov 24, 2012 10:41pm
I'm ForExtraPips. I'll leave a light on for ya.
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Time turns trend. - W.D. Gann
  • #721,671
  • Nov 24, 2012 11:07pm Nov 24, 2012 11:07pm
Time for some retracement trading, anyone?
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Time turns trend. - W.D. Gann
  • #721,672
  • Nov 24, 2012 11:14pm Nov 24, 2012 11:14pm
  • #721,673
  • Nov 24, 2012 11:16pm Nov 24, 2012 11:16pm
Quoting Optn Trader
You've got that right. I had to learn the hard way. Three accounts later. Capital preservation. Like others have said, risk is controlled, (certain), but reward is not. GL
Time turns trend. - W.D. Gann
  • #721,674
  • Nov 24, 2012 11:38pm Nov 24, 2012 11:38pm
Quoting ForExtraPips
I'm ForExtraPips. I'll leave a light on for ya.
I'm Tsar

I can't saw the Price with Clearly in your Chart, need more BRIGHT for Screen Shoot
Always looking the GREAT, never left GOOD Point...
  • #721,675
  • Nov 24, 2012 11:46pm Nov 24, 2012 11:46pm
Quoting Tsar
I'm Tsar

I can't saw the Price with Clearly in your Chart, need more BRIGHT for Screen Shoot
There ya go.
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Time turns trend. - W.D. Gann
  • #721,676
  • Nov 25, 2012 12:20am Nov 25, 2012 12:20am
Quoting ForExtraPips
There ya go.
Thank's. More Better...
Always looking the GREAT, never left GOOD Point...
  • #721,677
  • Nov 25, 2012 12:40am Nov 25, 2012 12:40am
Quoting Celente
Cmon, he is just making a statement, no need to act like a bully. Why dont you try to help him instead
Because he posted the same thing twice. I'm calling the reality that even if he begs, cries, screams or post about it over and over, it will not change the market. That does not make me a bully.

There used to be a guy who'd come on here every day and put in big bold letters "PLZZZZZZ HELP!" He got his ass banned from this forum over this and I suspect that his account has gone goodbye too.

There's no problem helping but one has to face the reality of what is faced. Without facing that reality, little can be done.
Not all sins are created equal
  • #721,678
  • Nov 25, 2012 12:41am Nov 25, 2012 12:41am
Quoting KillerWhale
Are you serious?
How can you help someone who takes a big losing position and then without stops intentionally let it ride to a margin call?
Apart from sending him money, nothing.

But if I did that, he'd come wash my floor.
Not all sins are created equal
  • #721,679
  • Nov 25, 2012 12:46am Nov 25, 2012 12:46am
Fuck it, I'll give all my money to new traders who trade with no money management whatsoever...not.
Not all sins are created equal
  • #721,680
  • Nov 25, 2012 12:57am Nov 25, 2012 12:57am
I figure that EU will reach 1.3020/24 tomorrow and then expecting a slow but big drop.
New voice message: Why are you calling me? If I need you, I'll call you!
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