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  • #750,201
  • Jan 25, 2013 12:35am Jan 25, 2013 12:35am
Quoting Fortuner-Z
where did u get this info? care to share?
MNI
  • #750,202
  • Jan 25, 2013 12:41am Jan 25, 2013 12:41am
HA HA HA..it should be Deutsch Mark and then i'd go long...there are 26 countries in the EU besides Germany, and they all have failing economies...
  • #750,203
  • Jan 25, 2013 12:42am Jan 25, 2013 12:42am
Its positioning Eur Longs for the IFO , i think they are betting German positive data will keep flowing ...
"It's the Margin, Stupid."
  • #750,204
  • Jan 25, 2013 12:42am Jan 25, 2013 12:42am
http://i46.tinypic.com/2052pdz.gif[/quote]

does it?

you are confusing me, assuming you meant the fib of the upswing on your chart (see chart below) then you are applying the fib the wrong way around a pullback to the 334x area is a 38% ish retrace not 61.8% and I assume you meant 61.8 not 68.8 ?

but yes fibs work well if done right - most of the time [/quote]

http://i49.tinypic.com/f3z4eu.gif
This is how i draw fibo... If i wrong please correct...
  • #750,205
  • Jan 25, 2013 12:42am Jan 25, 2013 12:42am
may be its this way max . the bounce of 61.8 fib
Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 15 KB
  • #750,206
  • Jan 25, 2013 12:44am Jan 25, 2013 12:44am
Quoting math_GB
Mornig All...!!! I love the whole world this morning, dunno why. Maybe cause I closed my short @1.3355 and have not kept it I hope many are OK here, especially my jelibon friend

Also need to thank attila once again, see his posts from yesterday and understand what he said about "if this level - he refers to 1.3381 - is taken out, bears will be royally fucked up... Max Doom has been saying this for ages as well with his bubbles chart which he put last year

Newbees..! Listen to members such as these two and try to understand...

You don't want to get Jelly Bone started and no way he wants to learn from Max.
  • #750,207
  • Jan 25, 2013 12:45am Jan 25, 2013 12:45am
Quoting BobGnarly
Eu jpy SL moved to +80

Took a small long here @ 1.3350

TP 1.34
SL 1.3330

Back to bed... damn flu

Tp hit+50... This opens my weekly chart to 1.35-40 area bought more here and back to bed
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  • #750,208
  • Jan 25, 2013 12:45am Jan 25, 2013 12:45am
Quoting Likerty
My channel looks a bit different. Here are my key levels:

nice chart bro, i will bbl geppy is getting interesting

ps maybe a bear flag on eu too. bit early is only 1st tap of utl,
If you are new to Forex? Say Goodbye to your account!!
  • #750,209
  • Jan 25, 2013 12:46am Jan 25, 2013 12:46am
Quoting nawafasad1
may be its this way max . the bounce of 61.8 fib
It has broken previous highs 1.3405.
  • #750,210
  • Jan 25, 2013 12:48am Jan 25, 2013 12:48am
Quoting Vachus
Its positioning Eur Longs for the IFO , i think they are betting German positive data will keep flowing ...
It may go for 28/30 and if IFO is bad wait sell down to 1.34.

Otherwise it rockets up.

EDIT: stops around 35.
They think they are smarter than I am.
  • #750,211
  • Jan 25, 2013 12:51am Jan 25, 2013 12:51am
EJ GU EU looking good
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.jpg Size: 73 KB
  • #750,212
  • Jan 25, 2013 12:52am Jan 25, 2013 12:52am
Quoting Ken A
It has broken previous highs 1.3405.
ken how many times we ve seen fake breakouts . i ll give it a bit of time to see if it is . but this cycle is finished in my opinion . my trade is based on ew count fibs and min. risk if i was wrong and i was before wrong
  • #750,213
  • Jan 25, 2013 12:53am Jan 25, 2013 12:53am
Quoting Z3iz3i
It may go for 28/30 and if IFO is bad wait sell down to 1.34.

Otherwise it rockets up.

EDIT: stops around 35.
1.3365-85 if sell off occurs
  • #750,214
  • Jan 25, 2013 12:57am Jan 25, 2013 12:57am
Quoting nawafasad1
ken how many times we ve seen fake breakouts . i ll give it a bit of time to see if it is . but this cycle is finished in my opinion . my trade is based on ew count fibs and min. risk if i was wrong and i was before wrong
Perhaps negative German Ifo Business Climate will bring it down to BO area and the catalyst for the up move was positive US Unemployment Claims. In the morning US Home Sales is another catalyst.
  • #750,215
  • Jan 25, 2013 12:57am Jan 25, 2013 12:57am
Quoting Z3iz3i
It may go for 28/30 and if IFO is bad wait sell down to 1.34.

Otherwise it rockets up.

EDIT: stops around 35.
It could be , but i'm waiting for the LTRO - this is the real mover ...
"It's the Margin, Stupid."
  • #750,216
  • Jan 25, 2013 12:57am Jan 25, 2013 12:57am
Quoting Fxnewdeal
1.3365-85 if sell off occurs
Eurgbp is getting heavy sells close to 0.8500 and i think it will hold for a while.

Cable is a question mark now, it has not tried to go further up enough after clearing stops at 05.

So, IFO numbers pretty much will give direction for the rest of European trading. If bad, pair should drop fast.

Good....hmm 50 next, stops at 60.
They think they are smarter than I am.
  • #750,217
  • Jan 25, 2013 12:59am Jan 25, 2013 12:59am
Quoting jema
This is how i draw fibo... If i wrong please correct...
Quoting nawafasad1
may be its this way max . the bounce of 61.8 fib

yes I see what you are doing, and to be fair some people do put their fib that way round but it can get confusing because.......

that way round is normally used for doing extensions to the move to say 161.8%

but, if you hear talk of a price retrace to 61.8% then that means a 61.8% move backwards, whereas the the move you are showing is actually only 38.2% retrace.

obviously the result is the same but it does cause confusion in discussions as we have just seen


regards
  • #750,218
  • Jan 25, 2013 1:03am Jan 25, 2013 1:03am
Quoting KillerWhale
But most people here are idiots, otherwise they wouldn't post here.
The smart ones don't post, they just collect the dollars.
Cheeky bugger. Anyway, there's not much to say about this pair, really.

Except maybe dull, uninteresting, long periods of consolidation (take past 2 weeks for example).

Other than that, 6 green months.

Happy pips to all.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Monthly 20130125.jpg Size: 86 KB
  • #750,219
  • Jan 25, 2013 1:07am Jan 25, 2013 1:07am
Quoting MaxDoom
MNI
What is that?
One Trade A Day Keeps Immiseration Away
  • #750,220
  • Jan 25, 2013 1:10am Jan 25, 2013 1:10am
Quoting Goldflake
Short closed. Price action suggests a visit to 3420/30. Looking to short at those numbers.
Quoting Goldflake
Oops. There is something @ 3450/55 as well. Very interesting.
Hmmm.. Still waiting for 3450 level.
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