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  • #746,421
  • Edited 10:38am Jan 15, 2013 10:25am | Edited 10:38am
Maybe it is time for the big double bottom ? Or maybe the famous EGG ?

But London will close soon. Some players will have to take decisions : to stop or to hold ? This can make some shake.

Nothing is for sure now.
  • #746,422
  • Jan 15, 2013 10:27am Jan 15, 2013 10:27am
PA should locate the next support at 1.3307.
Maximizing your potentials!
  • #746,423
  • Jan 15, 2013 10:27am Jan 15, 2013 10:27am
Quoting gatorinla
for those who give a rats ass.. a pullback is most times best. 3364 or weakness wherever. bull head fakes happen not long after b/o many times. the risk is the high 34xx..
I given this some thought and I figure that 407 and above will need a bigger retrace.
So I took the short at 43, slightly later than the 52 weakness, looking to go sub 33XX.
I'll look for a better long until then.

Thanks Gator.
A pip is only worth it if you know how much you risked to earn it
  • #746,424
  • Jan 15, 2013 10:31am Jan 15, 2013 10:31am
Quoting brio
PA should locate the next support at 1.3307.
Yes. That's my initial target
A pip is only worth it if you know how much you risked to earn it
  • #746,425
  • Jan 15, 2013 10:31am Jan 15, 2013 10:31am
Quoting fx_forever
Or maybe the famous EGG ?
famous EGG? whats that mate?
Tracking the Specialists.
  • #746,426
  • Jan 15, 2013 10:37am Jan 15, 2013 10:37am
bought another EUR/GBP .82910
gonna drink some tea to relax my mind fcked.
  • #746,427
  • Jan 15, 2013 10:52am Jan 15, 2013 10:52am
30 mins chart shows strong bear signal that will be a bit hard to beat
You cannot learn better without losing
  • #746,428
  • Jan 15, 2013 10:53am Jan 15, 2013 10:53am
Quoting mercy seat
Re-do of short pos. has been executed at 10h33 and 10h34 CET

One at 1.33700 and another pile at 1.33740 ...

Been very busy in the time between ... therefore no time to look at this FF site ...

Some covered again @ 1.33193 ...

Done at 14h00 CET ...

Re-do arrays afterwards again ...

Highest short ENTRY from our side been 1.33820 ...

Still some from there in the bag ...






;-|
We did do it this way ... ...

Jan 14, 2013 23:00 (19 hr ago)

2013-01-14_22h00 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-03 # FG91 (EN Daily, Weekly).PNG (128.0 KB)

2013-01-14_23h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Dn _ W-03 # FG94 (EN Daily, Weekly).PNG (122.9 KB) <= and yes this is latest ... ...

Upside overcooked and therefore limited for now ... immediate upper probability band near 1.3385 / 1.3412 expected to provide some resistance at first ...

Downside correction activities towards 1.3330 - 1.3307 or even down to below 1.3277 may prevail in case of an extention ...

2013-01-14_22h25_ EURUSD _ min240 _ (6Wk) barchart (Spezial + Env + Range).PNG (58.2 KB)

Bullish stops come into play above 1.3439 ...

Bearish doorman stands below 1.3305 limit ...

Entry stops for acceleration on cross of below there ...








;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #746,429
  • Jan 15, 2013 10:53am Jan 15, 2013 10:53am
Quoting Vachus
No its not, QE is an old news and probably has lost its effect on Euro since the breaking of 1.26 Resistance late August ... two mistakes Bullish people are going to make " Counting on the Japenese & QE ". And they will end up longing the top , thinking that EURUSD can the be EURJPY.
QE may be old news, but the monetary easing related to is not. It is ongoing and significant and as long as that remains the case, the US Dollar will suffer (which is the plan, by the way) in relation to currencies that have a higher interest rate attached to them. This makes the US more competitive overseas, impacts US bonds (favorably) and, all in all, gives the US an advantage in the current international economy. Why do you think that there is a concerted effort among some countries to devalue their currency? They see the advantage. The problem is, they are fighting the FED and unless they are willing to expend significant resources to weaken their respective currencies they are going to lose. Unless of course, it is in the US's interest (as is the case with Japan). They're our best buddy now.
  • #746,430
  • Jan 15, 2013 10:55am Jan 15, 2013 10:55am
Quoting forexings
30 mins chart shows strong bear signal that will be a bit hard to beat
What signal is that?
A pip is only worth it if you know how much you risked to earn it
  • #746,431
  • Jan 15, 2013 10:59am Jan 15, 2013 10:59am
Quoting forexings
30 mins chart shows strong bear signal that will be a bit hard to beat
These sellers, (not retail sellers) look pretty dumb to me. Either that or there are more buyers in this market.
  • #746,432
  • Jan 15, 2013 11:01am Jan 15, 2013 11:01am
Quoting vlady1974
What signal is that?
I donno what do you mean.
In 30 mins TF bear is stronger therefore if bull wants to play it has to sacrifice some pips in every 30 mins close. Without any bold action bull must leave the battle for 328x-7x
You cannot learn better without losing
  • #746,433
  • Jan 15, 2013 11:07am Jan 15, 2013 11:07am
A tight range can help the bull atm
You cannot learn better without losing
  • #746,434
  • Jan 15, 2013 11:11am Jan 15, 2013 11:11am
Quoting forexings
30 mins chart shows strong bear signal that will be a bit hard to beat
For you to say this requires a "signal" that can be interpreted by others to test its validity.
If it's just your opinion then you should say so.

We don't mind opinions... but a "signal" is something I can look to test on my chart... and I don't see any hence my question. If I had to pick a possible signal, it's that price broke the 100EMA.

The timeframe is "relative", so if you place an importance on 30min it would be interesting to hear why.
But as it stands, why is the 30M any different from the 1H and 4H which at the moment show a down bull retrace.
Monthly is bear. Weekly shows upward movement Jul 2012. All that doesn't matter unless it is specific to a trade reason....
A pip is only worth it if you know how much you risked to earn it
  • #746,435
  • Jan 15, 2013 11:21am Jan 15, 2013 11:21am
Price convergence gives a potential signal.
Attached Image
  • #746,436
  • Jan 15, 2013 11:21am Jan 15, 2013 11:21am
So, the USDJPY rebounds because of a draft statement by the Japanese government confirming a 2% inflation target. So??? It's not like that is new news. Criminy, this is getting beyond ridiculous. You all watch. Come Tokyo session tonight, they're gonna take this thing right back to the highs if not further. Then we'll spend the rest of the Frankie and London sessions grinding it back down. Lord knows what the US will do. As long as they keep playing these games I doubt we see any significant retracement.

Let's see if this works again. That's what I said six hours ago. Five minutes later, the EURUSD plunged 50 pips . Go ahead Mr Market - make me a fool again...
  • #746,437
  • Jan 15, 2013 11:23am Jan 15, 2013 11:23am
Quoting fx_forever
Price convergence gives a potential signal.
LOL... then all my charts are blaring at me right now!


EDIT: I'm waiting for EU to break 337 on the southside on the ONE MINUTE chart, to close the 50%Fib on the 15M chart at 319 and then break the 67EMA on my 1H with a TP1 of 307 being previous Support. How's them for signals?
A pip is only worth it if you know how much you risked to earn it
  • #746,438
  • Jan 15, 2013 11:24am Jan 15, 2013 11:24am
Quoting Turhovach
So, the USDJPY rebounds because of a draft statement by the Japanese government confirming a 2% inflation target. So??? It's not like that is new news. Criminy, this is getting beyond ridiculous. You all watch. Come Tokyo session tonight, they're gonna take this thing right back to the highs if not further. Then we'll spend the rest of the Frankie and London sessions grinding it back down. Lord knows what the US will do. As long as they keep playing these games I doubt we see any significant retracement.

Let's see if this works again....
It's déjà vu of last week, major shakeout early in the week then insane up thrust. There's no free lunch in this biz & the big boys make you play to play when the trade gets as crowded as its been.
It works till it doesn't
  • #746,439
  • Jan 15, 2013 11:27am Jan 15, 2013 11:27am
What i see pair can form a range for a while, thanks to option players.

Buy volatility, sell volatility yadda yadda......well that helps in spot trading as well
They think they are smarter than I am.
  • #746,440
  • Jan 15, 2013 11:29am Jan 15, 2013 11:29am
Quoting Turhovach
QE may be old news, but the monetary easing related to is not. It is ongoing and significant and as long as that remains the case, the US Dollar will suffer (which is the plan, by the way) in relation to currencies that have a higher interest rate attached to them. This makes the US more competitive overseas, impacts US bonds (favorably) and, all in all, gives the US an advantage in the current international economy. Why do you think that there is a concerted effort among some countries to devalue their currency? They see the advantage....
Excellent post.
It works till it doesn't
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