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  • #754,061
  • Feb 4, 2013 9:22pm Feb 4, 2013 9:22pm
Today forecast should go short and expect another downturn for EURUSD. The price currently stable without any major movement until european market open. My forecast target today is around 1.3430 and the bull and the bear will fight around 1.3450. if the bull loose there will be another fight at around 1.3370.

still no sign of reversing signals.

good luck
Everything in the world has its own rhytms
  • #754,062
  • Feb 4, 2013 9:26pm Feb 4, 2013 9:26pm
Quoting Jay Walker
What time frame do you trade and from where are you long?

Hey, jay.. I actually had a small short scalp earlier.. Monthly shows strong uptrend.. For small scalps I use 5 and 15 min.. I tend to do well with carry trades and lose on the scalps. I am just unsure the direction of this week.

I had longs from 1.3545 that I closed out last night...
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  • #754,063
  • Feb 4, 2013 9:34pm Feb 4, 2013 9:34pm
just out of curiosity.... how many people here think we will go down further without a pullback or even consolidate after we had bear runs for 3 straight sessions?
  • #754,064
  • Feb 4, 2013 9:40pm Feb 4, 2013 9:40pm
Quoting pkimnyc
just out of curiosity.... how many people here think we will go down further without a pullback or even consolidate after we had bear runs for 3 straight sessions?
I think this whole down move is completely normal.. I think we are bottoming at the moment.. Further upside of 1.3770 by next week as long as 1.3480 holds
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  • #754,065
  • Feb 4, 2013 9:45pm Feb 4, 2013 9:45pm
Quoting pkimnyc
just out of curiosity.... how many people here think we will go down further without a pullback or even consolidate after we had bear runs for 3 straight sessions?
Who knows. There could be a substantial up-move from here at this point or it could just pause very little before crashing through every floor imaginable. it's not like that hasn't happened before. Regardless I'm still holding onto my 1.3580 short from last week.
  • #754,066
  • Feb 4, 2013 9:46pm Feb 4, 2013 9:46pm
Quoting pkimnyc
just out of curiosity.... how many people here think we will go down further without a pullback or even consolidate after we had bear runs for 3 straight sessions?
I don't know. All I can tell you is that at this point, I can just sit on the sidelines and wait for confirmation before going either long or short.

To summarize, I know that I don't know.
Not all sins are created equal
  • #754,067
  • Feb 4, 2013 9:47pm Feb 4, 2013 9:47pm
you think or you feel or maybe you hope this is bottoming?
Quoting BobGnarly
I think this whole down move is completely normal.. I think we are bottoming at the moment.. Further upside of 1.3770 by next week as long as 1.3480 holds
Dangdut is a music of my country
  • #754,068
  • Feb 4, 2013 9:47pm Feb 4, 2013 9:47pm
Quoting BobGnarly
I think this whole down move is completely normal.. I think we are bottoming at the moment.. Further upside of 1.3770 by next week as long as 1.3480 holds
she better show me she turned.. I'm sick of this ping pong bouncing at the bottom.. oh, let me drop another 7 pips, and another 5 up BS..
  • #754,069
  • Feb 4, 2013 9:49pm Feb 4, 2013 9:49pm

Quoting Jay Walker
I don't know. All I can tell you is that at this point, I can just sit on the sidelines and wait for confirmation before going either long or short.

To summarize, I know that I don't know.
Dangdut is a music of my country
  • #754,070
  • Feb 4, 2013 9:50pm Feb 4, 2013 9:50pm
Quoting attila
she better show me she turned.. I'm sick of this ping pong bouncing at the bottom.. oh, let me drop another 7 pips, and another 5 up BS..
asian session. moves are not surprising. it can also range in euro session too, its either range or huge moves for this pair, no in betweens lately

a possible suggestion, go for higher timeframe charts, and look at many pairs. that way u dont need to monitor so much - i am considering this as well, on m30 and above
  • #754,071
  • Feb 4, 2013 9:50pm Feb 4, 2013 9:50pm
Quoting attila
she better show me she turned.. I'm sick of this ping pong bouncing at the bottom.. oh, let me drop another 7 pips, and another 5 up BS..
Exactly, I do good when I catch a good weekly signal, this week will give confirmation of another few weeks upside or a trend reversal(which I dont think will be the case)..


Another point.. The EJ has never had 6 months in the green in a row... This could be correction month.. Which will also give EU directiom
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  • #754,072
  • Feb 4, 2013 9:53pm Feb 4, 2013 9:53pm
Hi JW..

great posting !!!!!!!!!!!!!
Quoting Jay Walker
I don't know. All I can tell you is that at this point, I can just sit on the sidelines and wait for confirmation before going either long or short.

To summarize, I know that I don't know.
not euphoria follower
  • #754,073
  • Feb 4, 2013 9:56pm Feb 4, 2013 9:56pm
Quoting NuNix
Caught your post before the edit. I don't give a hoot what others think. I'm in charge of my own account.
Not all sins are created equal
  • #754,074
  • Feb 4, 2013 9:56pm Feb 4, 2013 9:56pm
Quoting ec_creep
seeing the same thing here, yel. on the hourly as well.
hmm, changed your yellowish bg there?
no change.. just happened to be H1, diff indi. TDI is for M15 only.

the break on asian range trade in eu happened before the news went out, that's not valid, therefore no trade there. there was no range break in ej and gu.

so au did play good after all. the au got triggered during the news (almost hit SL). exited at S2 because i fear it will start retracing now, not so familiar with AU,...that's it for me for asia.

good luck!
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  • #754,075
  • Feb 4, 2013 10:05pm Feb 4, 2013 10:05pm
very nice move actually...

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  • #754,076
  • Feb 4, 2013 10:32pm Feb 4, 2013 10:32pm
Quoting BobGnarly
Exactly, I do good when I catch a good weekly signal, this week will give confirmation of another few weeks upside or a trend reversal(which I dont think will be the case)..


Another point.. The EJ has never had 6 months in the green in a row... This could be correction month.. Which will also give EU directiom
some down move is welcome... the up trend is far from over.. and I mean far..
  • #754,077
  • Feb 4, 2013 10:48pm Feb 4, 2013 10:48pm
looking for @76 for some kind of bounce if its gonna give any
on the other hand if it decides to keep falling 3410-20 will be the final area
MMMYYYKKK
  • #754,078
  • Feb 4, 2013 11:25pm Feb 4, 2013 11:25pm
Does anyone here trade with pitchforks? I only look at them every so often, but a few things are playing out on this 4hr one on the EURUSD...anyone with pitchfork experience would be great for feedback?
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  • #754,079
  • Feb 4, 2013 11:26pm Feb 4, 2013 11:26pm
News about Draghi handling over Monte Paschi may get legs and put downside pressure on Euro.
  • #754,080
  • Feb 4, 2013 11:30pm Feb 4, 2013 11:30pm
Quoting TheInformant
Does anyone here trade with pitchforks? I only look at them every so often, but a few things are playing out on this 4hr one on the EURUSD...anyone with pitchfork experience would be great for feedback?
http://www.forexfactory.com/attachme...1&d=1360042162

Yes, Could I know what is your question?
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Good companion, is a trophy.
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