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  • #726,021
  • Dec 2, 2012 12:32pm Dec 2, 2012 12:32pm
Quoting Itrade24h
Maybe, but this week seems we will go down, 1.2880 coming...
I think we could definitely go down tomorrow, if not tonight, it's on technically, and added to that we have the ESM & EFSF downgrades plus the fiscal cliff talks impasse on Friday. My target for tomorrow is 12,925 - 12,900.
  • #726,022
  • Dec 2, 2012 12:59pm Dec 2, 2012 12:59pm
Personal bias is bearish at least until 1.2943; after that we'll have to see how it reacts. Will short it again if it reaches 1.3020 a second time but not as confident it would hold. In either case I don't see a long term bullish outlook to be very likely given two strong supply zones up to the big double tops at 1.3140.

With regards to the fundamentals, I have a feeling the fiscal cliff deal is going to be solved before the tax cuts expire at least with a compromise, while I doubt the Euro outlook is going to improve soon.
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  • #726,023
  • Dec 2, 2012 1:16pm Dec 2, 2012 1:16pm
Quick survey for the EUR/USD (Nov 30, 2012 23:00) ...


Euro Dips After Moody's Downgrades ESM; Still Up on Day

30 Nov 2012, 22:43

16:42 EST - The Moody's decision to downgrade the ESM gave an otherwise quiet market a small jolt. Of course, trading is thin late on a Friday. The single currency was at $1.2988, down from $1.3004 just before the downgrade, according to EBS via CQG. The European Stability Mechanism was downgraded to Aa1 from AAA. The currency move is relatively muted, and the euro is still up about 0.10% on the day vs USD. EUR/JPY also ticks down on the downgrade news, but on the day, it's up about 0.5%.


November 30, 2012 16:43 ET (21:43 GMT)


2012-11-30_23h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Dn _ W-48 # EY51 (EN Daily, Weekly).PNG (130.3 KB)

2012-11-30_22h59_ EURUSD _ min015 _ (500) barchart (Spezial 003).PNG (28.2 KB)

2012-11-30_22h59_ EURUSD _ min030 _ (500) barchart (Spezial 003).PNG (27.0 KB)

2012-11-30_23h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Up _ W-49 # EY51 (EN Daily, Weekly).PNG (128.2 KB)

2012-11-30_23h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Up _ W-49 # FK51 (EN Daily, Weekly).PNG (127.4 KB)


Outlook for the sessions ahead (WEEK NO. 49) and latest "Trade Hints" from Friday (Nov 30, 2012) ...







;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #726,024
  • Dec 2, 2012 1:40pm Dec 2, 2012 1:40pm
Quoting Kanzler
Personal bias is bearish at least until 1.2943; after that we'll have to see how it reacts. Will short it again if it reaches 1.3020 a second time but not as confident it would hold. In either case I don't see a long term bullish outlook to be very likely given two strong supply zones up to the big double tops at 1.3140.

With regards to the fundamentals, I have a feeling the fiscal cliff deal is going to be solved before the tax cuts expire at least with a compromise, while I doubt the Euro outlook is going to improve soon.
back to basics?? very well!!!it´s my slogan on profile strategy explanation!! I´ll be following you broo, I like you´re thinking basic!
  • #726,025
  • Dec 2, 2012 2:01pm Dec 2, 2012 2:01pm
Quoting xandi
back to basics?? very well!!!it´s my slogan on profile strategy explanation!! I´ll be following you broo, I like you´re thinking basic!
i respect the way of your thinking.
i need the necessity to state that any 2 person who take opposite trade at the same have the chance of closing their trades for profit. does this sound mad? for those who understand the core of trading absolutely do not. what is the morale of this statement?
therefore i really do not see a reason why should we argue at all who is right or wrong?
if you are a trend trader, it is very important to recognize the reversal and get into trade from its initial stage and hang on to it. that is how you generate huge profits and can cover the numerous losses that incur while catching that specific trade. someone changing the trains too often will someday get hit by train.
As Above, So Below
  • #726,026
  • Dec 2, 2012 2:45pm Dec 2, 2012 2:45pm
Quoting tashkent
i respect the way of your thinking.
i need the necessity to state that any 2 person who take opposite trade at the same have the chance of closing their trades for profit. does this sound mad? for those who understand the core of trading absolutely do not. what is the morale of this statement?
therefore i really do not see a reason why should we argue at all who is right or wrong?
[b]if you are a trend trader, it is very important to recognize the reversal and get into trade from its initial stage and hang on to it. that is how you generate...[b]
very well said...but I didn´t understand your proposal of this quote...I only refered to the slogan of the member, not about his sentiment...My sentiment is perfectly clear and is constructed well in long term...you sure you want to quote me?
ps: I respect every opinion and I´m not Self-righteous
  • #726,027
  • Edited 3:26pm Dec 2, 2012 2:46pm | Edited 3:26pm
Quoting math_GB
Gator, I recall from one of your previous posts you put the possibility of a bounce after touching 1.2987 a drop to 1.2769 and then a rise up to 1.3090 level then the formation would be fully completed. I have something very similar, the numbers slightly are different, I have 1.3085 ish but then the bears could ride it below 1.2450 easily.

Do you still have that play on the cards...
today lets c what happens. do we make a higher high or drop below 2971 first. if its sub 2971 first. i will be looking to short sometimes after.. preferably not too deep.. first.. less then 2943/45 preferably ... 60/62 may be enough.. if below 60/62 it may decrease bounce height (under 60 s/r) if this is bearish. but after a drop below 71 a sell at weakness maybe in the 2999 area. and target 2915/16 min in the unreliable st. and if it got below 2880 with the norm at 2840.. so close. it would want it.

if 70 is broken unreliable st pa indicates 2960/62 will be tested. and the norm even with a HH is to come back to 2840/41..no matter whose got the ball nears or bulls at some point. . i see 3083 if we do make a HH in a still unreliable st indicated move..
those who can, do. those who cant, talk about those who can
  • #726,028
  • Dec 2, 2012 2:46pm Dec 2, 2012 2:46pm
Markets aren't open yet, but spotted a good opportunity nonetheless. Pivot level with weak fibonacci confluence. Good risk to reward ratio makes this one worth going for personally.

Long: 1.2946
Target: 1.3019
Stop-loss: 1.2938
Risk: 8 pips (without spread)
Reward: 73 pips
Ratio: 9.125
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  • #726,029
  • Dec 2, 2012 2:57pm Dec 2, 2012 2:57pm
For gj

Waiting for rejection of the channel line
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #726,030
  • Dec 2, 2012 3:07pm Dec 2, 2012 3:07pm
Good Evening guys, i did not follow the forum over the WE had a very goood one , hence i have no clue of what has been going on here but i am looking for a test to the top on monday if that holds i will short from there, if not i will jump in scalp mode till we past 2862
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #726,031
  • Dec 2, 2012 3:15pm Dec 2, 2012 3:15pm
Quoting xandi
very well said...but I didn´t understand your proposal of this quote...I only refered to the slogan of the member, not about his sentiment...My sentiment is perfectly clear and is constructed well in long term...you sure you want to quote me?
ps: I respect every opinion and I´m not Self-righteous
the highlighted part was not addressed to you. it was more like a general statement. do not get confused
As Above, So Below
  • #726,032
  • Dec 2, 2012 3:22pm Dec 2, 2012 3:22pm
Quoting Avir
Good Evening guys, i did not follow the forum over the WE had a very goood one , hence i have no clue of what has been going on here but i am looking for a test to the top on monday if that holds i will short from there, if not i will jump in scalp mode till we past 2862
Deja vu may happen...?
W1:
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69
  • #726,033
  • Edited 3:49pm Dec 2, 2012 3:35pm | Edited 3:49pm
Quoting tashkent
the highlighted part was not addressed to you. it was more like a general statement. do not get confused
and the not highlighted part was for me?
  • #726,034
  • Dec 2, 2012 3:46pm Dec 2, 2012 3:46pm
Quoting Likerty
Deja vu may happen...?
W1:
LOL with the Deja vu may happen indeed
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #726,035
  • Dec 2, 2012 3:53pm Dec 2, 2012 3:53pm
Quoting xandi
and the not highlighted part was for me?
never mind.
As Above, So Below
  • #726,036
  • Dec 2, 2012 4:03pm Dec 2, 2012 4:03pm
Quoting tashkent
never mind.
ok broo!! all relaxing!!
  • #726,037
  • Edited 4:45pm Dec 2, 2012 4:34pm | Edited 4:45pm
Quoting gatorinla
today lets c what happens. do we make a higher high or drop below 2971 first. if its sub 2971 first. i will be looking to short sometimes after.. preferably not too deep.. first.. less then 2943/45 preferably ... 60/62 may be enough.. if below 60/62 it may decrease bounce height (under 60 s/r) if this is bearish. but after a drop below 71 a sell at weakness maybe in the 2999 area. and target 2915/16 min in the unreliable st. and if it got below 2880 with the norm at 2840.. so close. it would want it.

if 70 is broken unreliable st pa indicates...
now will 99 do it or not .pos
if 71 breaks, lying st may allow 2999/3007.. as long as no new high... and after that bounce, takes us to 2920 close to 2915/16...
those who can, do. those who cant, talk about those who can
  • #726,038
  • Dec 2, 2012 4:46pm Dec 2, 2012 4:46pm
Quoting KillerWhale
For gj

Waiting for rejection of the channel line
I dont have channel bro but do have your ltl, also watching previous resistance around the 3200ish, I have carry over, presently 15min she mid 200 & 50 sma, if can get a decent close below 132 may add for move to 1hr rising tl, which has 200 sma tracking it, 15min may have printed double top already and now printing an ugly H&S ej is very similar
If you are new to Forex? Say Goodbye to your account!!
  • #726,039
  • Dec 2, 2012 5:03pm Dec 2, 2012 5:03pm
Quoting KiwiTrada
I dont have channel bro but do have your ltl, also watching previous resistance around the 3200ish, I have carry over, presently 15min she mid 200 & 50 sma, if can get a decent close below 132 may add for move to 1hr rising tl, which has 200 sma tracking it, 15min may have printed double top already and now printing an ugly H&S ej is very similar
This Geppy 15min
Can see why her having little trouble falling, wee cluster of levels, 3200 psyhc, previous resist 3210 fib38 of present rally, rising 200sma, standard trade H&S is neckline break for entry, possible would be nice 200sma break or at least pierce,
Trade held over were for possible double top, possible add necklne & 2oosma breach, H&S not giving huge projected target, but possible trade looking ok, rr is ok if can get tight sl
not huge fan of little timeframes, but asian session usually slow but steady, we will see ej is printing nice 4hr LL & LH as long as this keep up will perservere yen prs eu is in ping pong mode

edit have repositioned the neckline to encorporate the previous 2 lows, which now it is intersecting 200sma
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If you are new to Forex? Say Goodbye to your account!!
  • #726,040
  • Dec 2, 2012 5:32pm Dec 2, 2012 5:32pm
Quoting gatorinla
but after a drop below 71 a sell at weakness maybe in the 2999 area. and target 2915/16 min in the unreliable st. and if it got below 2880 with the norm at 2840.. so close. it would want it.

if 70 is broken unreliable st pa indicates 2960/62 will be tested. and the norm even with a HH is to come back to 2840/41..no matter whose got the ball bears or bulls at some point. . i see 3083 if we do make a HH in a still unreliable st indicated move..
99 atm flexing r
correction: b
those who can, do. those who cant, talk about those who can
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