happy Tuesday 
ej & eu
I also have a uj position open +100
ej & eu
I also have a uj position open +100
- #754,223
- Feb 5, 2013 5:26am Feb 5, 2013 5:26am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
Just looking at the price one can tell where should the bets be placed.. It's all there, just have to know what to look for..
- #754,224
- Feb 5, 2013 5:26am Feb 5, 2013 5:26am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
On EJ and i think the same plan kind of Apply to EURUSD
You have my permission
The thing is it was lowered down with kind of no reason or heads up , so it make sense on some level to reach upon the high or at least dieing trying ... so the Bulls should be invited by the time the daily close ! So i see it rising , but till where ? NO IDEA
"It's the Margin, Stupid."
- #754,227
- Feb 5, 2013 5:28am Feb 5, 2013 5:28am
So here is my analysis:
- Sentiment -> If you read all over the internet today, people talk about Euro economy recover -> Positive
- Fundamentals -> Overall good results for "Services PMI", even for Spain -> Positive
- Chatist:
In the Week timeframe Chart I catch with fibo the 100% line which for me is a very important line, it has been tested from yesterday to today in the early morning: I opened my long actual position, under the line at 4o'clock GMT in the hope it would be a retest of the line.
http://i1287.photobucket.com/albums/...ps1a847f15.png
Then in the daily chat I see that the downtrend is over for the day:
http://i1287.photobucket.com/albums/...psc7a93665.png
I think that for the day we will have a bull trend.
For the week, we just have tested that 100% fibo weekly chart(1.3483), from my point of view we will pass the 1.3709 resistance line before the week is over!
hope you like my lame explanation
- Sentiment -> If you read all over the internet today, people talk about Euro economy recover -> Positive
- Fundamentals -> Overall good results for "Services PMI", even for Spain -> Positive
- Chatist:
In the Week timeframe Chart I catch with fibo the 100% line which for me is a very important line, it has been tested from yesterday to today in the early morning: I opened my long actual position, under the line at 4o'clock GMT in the hope it would be a retest of the line.
http://i1287.photobucket.com/albums/...ps1a847f15.png
Then in the daily chat I see that the downtrend is over for the day:
http://i1287.photobucket.com/albums/...psc7a93665.png
I think that for the day we will have a bull trend.
For the week, we just have tested that 100% fibo weekly chart(1.3483), from my point of view we will pass the 1.3709 resistance line before the week is over!
hope you like my lame explanation
- #754,229
- Feb 5, 2013 5:40am Feb 5, 2013 5:40am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
See, that makes it clearer! Your timeframe is Weekly and Daily. You and I agree that trend is up.
There are some however that view the weekly timeslice as too narrow and if you stretch it out over a wider range, that the weekly is just moving sideways.
The next part of the equation is how do you trade your chosen timeframe.... and from what you've described, you've had a great signal which is very similar to mine. I had 75 as the bounce area. Unfortunately I was too hung over to place my trades this morning.
But I've caught a few off this bounce. Currently have 2 longs, 47 and 59. Closed one from 34. Take profit target for open longs are 83.
So here is my analysis:
- Sentiment -> If you read all over the internet today, people talk about Euro economy recover -> Positive
- Fundamentals -> Overall good results for "Services PMI", even for Spain -> Positive
- Chatist:
In the Week timeframe Chart I catch with fibo the 100% line which for me is a very important line, it has been tested from yesterday to today in the early morning: I opened my long actual position, under the line at 4o'clock GMT in the hope it would be a retest of the line.
http://i1287.photobucket.com/albums/...ps1a847f15.png
Then...
A pip is only worth it if you know how much you risked to earn it
- #754,230
- Feb 5, 2013 5:41am Feb 5, 2013 5:41am
- | Joined Jun 2011 | Status: You can if you think you can | 2,969 Posts
Trade What You See Not What You Want To See
- #754,231
- Feb 5, 2013 5:42am Feb 5, 2013 5:42am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #754,232
- Feb 5, 2013 5:48am Feb 5, 2013 5:48am
- | Joined Jun 2011 | Status: You can if you think you can | 2,969 Posts
Looking to reload around there too.
RSI well down now getting close
Trade What You See Not What You Want To See
- #754,237
- Feb 5, 2013 5:52am Feb 5, 2013 5:52am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #754,239
- Feb 5, 2013 5:54am Feb 5, 2013 5:54am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #754,240
- Feb 5, 2013 5:56am Feb 5, 2013 5:56am
- | Joined Jun 2011 | Status: You can if you think you can | 2,969 Posts
Trade What You See Not What You Want To See