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  • #744,481
  • Jan 10, 2013 2:03pm Jan 10, 2013 2:03pm
Hi all,

few different analysis' supporting downside.

1:triangle wedge supports a retrace to 1.307-1.31

2:bearish bat supports retrace, expecting at least 1.315

3:Sloped resistance supporting downside.

Just a bit of downside info..

Now if the sloped resistance breaks, if we break above 1.327-1.328, highest being 1.33 then may as well hedge shorts/enter long positions, I believe we will be in for a ride.

Wouldn't go trading just before Friday night news though, but good luck all!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 1.jpg Size: 268 KB
Click to Enlarge Name: EU BB.jpg Size: 226 KB
Click to Enlarge Name: EU 1.326.jpg Size: 213 KB
Even the worst trade can close with profit. Just give it time.
  • #744,482
  • Jan 10, 2013 2:04pm Jan 10, 2013 2:04pm
that was it for the ffing short?!!! pfffft
  • #744,483
  • Jan 10, 2013 2:05pm Jan 10, 2013 2:05pm
since I said the next target is 1.3350. I will keep my trade open until then,3 and set my top profit as 1.3350.
I hate to give out false signal, or unrealistic analysis.
  • #744,484
  • Jan 10, 2013 2:06pm Jan 10, 2013 2:06pm
you have to be careful with that.. if the indi moves but the price not really and you are with the indi, you're on the wrong side of the market..

Quoting Rag2RichesFX
long


my first perfect market order i think

(got the very bottom price)


thanks attila

its worth it to me to risk a few pips (possible m30 hidden div)
  • #744,485
  • Jan 10, 2013 2:07pm Jan 10, 2013 2:07pm
by the way i know this is off topic but..

im buying 223 and 5.56 rounds $2 each

message me if you are interested

price is negotiable
Be hopeful in a winning position, and fearful in a losing position.
  • #744,486
  • Jan 10, 2013 2:07pm Jan 10, 2013 2:07pm
Quoting mm2mm
that was it for the ffing short?!!! pfffft
free trade but... wtf?! Didn't drop shiiit
  • #744,487
  • Jan 10, 2013 2:08pm Jan 10, 2013 2:08pm
Quoting attila
you have to be careful with that.. if the indi moves but the price not really and you are with the indi, you're on the wrong side of the market..

yeah ive been watching this fast rsi for months now and i feel very intuned with it


but i am anticipating the end of the bears counter trend attempt here,

i may be too early...


i think one more push by the bulls before price has a more serious pull back into 1.32


if price cant get above 3256 ill get out
Be hopeful in a winning position, and fearful in a losing position.
  • #744,488
  • Jan 10, 2013 2:10pm Jan 10, 2013 2:10pm
Quoting shaukat113
not happy with my self

Why?

You seemed to have picked the top for a retrace, whats wrong with that?
  • #744,489
  • Jan 10, 2013 2:10pm Jan 10, 2013 2:10pm
1 word. overbought. its up 210 pips in one day with almost no fundamental change
  • #744,490
  • Jan 10, 2013 2:12pm Jan 10, 2013 2:12pm
ohh it wants my stop which is at BE right mow !!


FUCKKKKKKKKKKKKKKKKKKKKKK
  • #744,491
  • Jan 10, 2013 2:13pm Jan 10, 2013 2:13pm
Quoting Turhovach
I've kept mum up 'till now about Mercy Seat, but this comment kind of rubbed me the wrong way. You're not to blame, Kanzler, because you haven't been around FF very long, but believe you me, if anyone deserves to be attacked it's that clown you are defending. That person is an arrogant racist from day one. You want to be enlightened, go back in his history and read some of his posts, especially the ones in German.

Not to worry, we won't see him around for awhile. He's pulled this stunt before and disappeared. He always does. Unfortunately,...

If you had been long enough around here you would also know that mercy´s system works well in ranging markets, but can lead to substantial losses on "direct raise/drop days" - when the market fires in one direction and never looks back. Then mercy is in trouble, no question - has happened many times as well. So what? Many traders get hurt then, more than would like to admit. And the "racism"-part (he´s rather a xenophobe than a racist btw) - nobody can help you with that, but Twee. Contact him, if it bothers you.
  • #744,492
  • Jan 10, 2013 2:15pm Jan 10, 2013 2:15pm
Quoting Halba
1 word. overbought. its up 210 pips in one day with almost no fundamental change
Well... I see this more as a return of positions in the market, holidays are over, capital is back looking to position on the market. Together with a little buy the rumor, sell the news action, there we are I do see 1,35 as a viable target for this month, however. We'll see what the next few weeks bring...
Greed and impatience are our greatest enemies.
  • #744,493
  • Jan 10, 2013 2:16pm Jan 10, 2013 2:16pm
Quoting Halba
1 word. overbought. its up 210 pips in one day with almost no fundamental change
there is weekly hidden divergence on RSI 3 (bullish)


it's overbought definitely and should pull back to 1.32 eventually, but from there could easily go above 1.33
Be hopeful in a winning position, and fearful in a losing position.
  • #744,494
  • Jan 10, 2013 2:16pm Jan 10, 2013 2:16pm
Quoting mm2mm
free trade but... wtf?! Didn't drop shiiit
Did you ever think it could be smart money doing the buying or lack of smart money selling.
It works till it doesn't
  • #744,495
  • Jan 10, 2013 2:16pm Jan 10, 2013 2:16pm
Ok today was some day,many made money and more probably lost.Point being nothing has changed in europe doesnt matter what draghi said if countries that are in debt still keep drowning.That said dont expect euro to reverse back to 1.30 straight away,it might go up as far as 1.35 or 1.40 no one knows before it turns back down again,its a guessing game on such days,or lets call it speculation as thats what forex is
  • #744,496
  • Jan 10, 2013 2:19pm Jan 10, 2013 2:19pm
Quoting quietlife
The trendline from ricmaj and resistance I see on 1hr chart.

Just my opinion, but shouldnt you draw the trend line through the highs of the 8th? In which case trendline was already broken, and the retrace is looking to bounce off the top of that trendline to keep price above...

Price is now above the trendline and pulling back and testing from above.

It depends on how you draw trendlines I suppose, everyone draws them differently.
  • #744,497
  • Jan 10, 2013 2:20pm Jan 10, 2013 2:20pm
Anyone else want to lay all over this pair right here??? SLOWLY accumulating a short EUR/USD position. Currently legging in at the 1.3250ish level. Bottom of old range (not super defined, but there is some conjestion there) (4h) is right around the 3175 level. Stops will be tight, obviously. I'll keep you posted as I progress. Cheers
  • #744,498
  • Jan 10, 2013 2:20pm Jan 10, 2013 2:20pm
Quoting Freshpips
Why?

You seemed to have picked the top for a retrace, whats wrong with that?
trade is close with +10.
why i am not happy did not book 70 pips profit and stop out
just live a life, don't be hard.
  • #744,499
  • Jan 10, 2013 2:25pm Jan 10, 2013 2:25pm
anybody remember what happened here last time around?
  • #744,500
  • Jan 10, 2013 2:25pm Jan 10, 2013 2:25pm
it's still very strong to the upside, i'm 20 pips underwater forgodsake; suddenly Draghi is cool, maaannnn
I'll shop after the drop
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