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  • #905,781
  • Jun 20, 2014 10:47am Jun 20, 2014 10:47am
Quoting DasPips
{quote} We seem to be on a similar page, but I'll be looking for a bit higher (1.3877ish). Correlations with EA and EG seem to support the idea of further consolidation and break later next week or start of next month.
which is also just in time for the correction of UJ
  • #905,782
  • Jun 20, 2014 10:47am Jun 20, 2014 10:47am
Quoting DasPips
{quote} We seem to be on a similar page, but I'll be looking for a bit higher (1.3877ish). Correlations with EA and EG seem to support the idea of further consolidation and break later next week or start of next month.
I am not that confident over 38xx, but it should go to 37xx
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #905,783
  • Jun 20, 2014 10:49am Jun 20, 2014 10:49am
Quoting ffleo
Anyone sees a diverging triangle and a converging triangle at the same time? The price bounced off the converging triangle already, and now it is time to bounce off the diverging triangle. By the way, trendlines do work. {image}
Trendlines do work, i have my own theory why they actually work. Becouse price is moved by supply and demand mostly, the way price is affected in nice steady trends is that for example if demand keeps failing and supply keeps holding, it creates effect where lows and highs can be connected trough trendline, due to structure of supply and demand zones. I do not believe that trendlines work only becouse so many traders use them or becouse there is something magical on them bouncing price but trough supply and demand it makes sense to me. Its not some hot water i am inventing here just pointing out for those who think trendlines dont work, trying to explain it from technical perspective what is behind them. Here is pic:

http://prntscr.com/3ur0wa
  • #905,784
  • Edited 11:04am Jun 20, 2014 10:51am | Edited 11:04am
Quoting ffleo
{quote} I am not that confident over 38xx, but it should go to 37xx
But if the round bottom on daily plays out, it should bounce quite high,

Attached Image (click to enlarge)
Click to Enlarge Name: roundbottom.png Size: 11 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #905,785
  • Jun 20, 2014 11:00am Jun 20, 2014 11:00am
Quoting janpec1000
{quote} Trendlines do work, i have my own theory why they actually work. Becouse price is moved by supply and demand mostly, the way price is affected in nice steady trends is that for example if demand keeps failing and supply keeps holding, it creates effect where lows and highs can be connected trough trendline, due to structure of supply and demand zones. I do not believe that trendlines work only becouse so many traders use them or becouse there is something magical on them bouncing price but trough supply and demand it makes sense to me. Its...
it might also be that trendlines are one of the criteria for algos trading. Fibos included. They are easier to detect than PA for algos.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #905,786
  • Jun 20, 2014 11:05am Jun 20, 2014 11:05am
Quoting gatorinla
bbl {image}
i dont know about mofu style, i'm just know this price in level 61,8% in h4
if successful bouncing from here,
i'm take partial first in 363x because the volume at 363x greater than 3563
just put tight sl in lower now
  • #905,787
  • Jun 20, 2014 11:13am Jun 20, 2014 11:13am
Quoting ffleo
{quote} Trendlines and fibos are not delusion at all by all means.
Time turns trend. - W.D. Gann
  • #905,788
  • Edited 11:40am Jun 20, 2014 11:24am | Edited 11:40am
Previous candles update
Quoting MaxDoom
{image}
latest from the candles....
Attached Image (click to enlarge)
Click to Enlarge Name: 2014 Jun 20 B.png Size: 27 KB
  • #905,789
  • Jun 20, 2014 11:29am Jun 20, 2014 11:29am
Quoting MaxDoom
{quote} latest from the candles.... {image}
that was funny .
Now that I found a candle specialist would you tell me is that a hanging man candle in H4 before last one ?
People wont learn to post analysis in forums not "I think its down/up!"
  • #905,790
  • Jun 20, 2014 11:33am Jun 20, 2014 11:33am
Quoting wisemadguy
{quote} that was funny . Now that I found a candle specialist would you tell me is that a hanging man candle in H4 before last one ?
see here http://www.investopedia.com/terms/h/hangingman.asp
  • #905,791
  • Jun 20, 2014 11:34am Jun 20, 2014 11:34am
ou my god...please..10 pips down, maybe more... and then i will be good boy...
  • #905,792
  • Jun 20, 2014 11:38am Jun 20, 2014 11:38am
taken a fresh short here @ 3585 as it appears to be rejecting the first and the main target bubble for the correction of the move down today
time will tell if the entry is too soon or otherwise
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-sbM5 2014 Jun 20 C.png Size: 13 KB
  • #905,793
  • Jun 20, 2014 11:39am Jun 20, 2014 11:39am
Quoting MaxDoom
{quote} see here http://www.investopedia.com/terms/h/hangingman.asp
Then it is a hammer ... Boy ! I should review candles . Theyr are good for determining shorts from longer time periods .
People wont learn to post analysis in forums not "I think its down/up!"
  • #905,794
  • Jun 20, 2014 11:51am Jun 20, 2014 11:51am
Quoting Zircon
1.3577 better ??
thing is friday do not like it.
Attached Image
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #905,795
  • Jun 20, 2014 12:11pm Jun 20, 2014 12:11pm
Quoting MaxDoom
taken a fresh short here @ 3585 as it appears to be rejecting the first and the main target bubble for the correction of the move down today time will tell if the entry is too soon or otherwise {image}
gl, would watch out though, there was relative EUR strength in relation to USD moves causing this....
compare for example with GU
Don't be a hero. Don't have an ego. Always question yourself
  • #905,796
  • Jun 20, 2014 12:22pm Jun 20, 2014 12:22pm
bulls aren't done yet.. this baby is coming back up it seems after taking a breather..
Focus, Patience, Determination & Order in chaos
  • #905,797
  • Jun 20, 2014 12:32pm Jun 20, 2014 12:32pm
Yes right.

Each trend has a start and End .
we need to see the end , mean the bottom on weekly and above, cause for this pair the mean bull trend is the weekly , we need to confirm the bottom before trading the move.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #905,798
  • Jun 20, 2014 12:36pm Jun 20, 2014 12:36pm
Quoting gatorinla
{image}x3
G,

If you do not mind i will use it as avatar , i like it ?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #905,799
  • Jun 20, 2014 12:38pm Jun 20, 2014 12:38pm
end of another week in the world of forex. Well folks...next week!...we will linger here this the rest of the session
  • #905,800
  • Jun 20, 2014 12:46pm Jun 20, 2014 12:46pm
Today EURUSD followed US yields intraday. When there is lack of news and with such big moves on the end of the curve, its understadable it ends up following it.

The lack of trend on the euro and the rate hike talking theme from the FED is probably making euro following rates, as soon as we are done with any rate hike theme, this currency will break free from rates again and we go higher
Attached Image
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