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  • #929,001
  • Oct 10, 2014 8:52am Oct 10, 2014 8:52am
@Chazzle, on USD/CAD the weekly R1 (greenish line, 1.1190) must be decisively broken in order to justify longs.

It was positioned to go up before the news release (note how weekly R1 was respected from the top side, not it serves as a ceiling)

I am not saying it can't be broken, but you have to wait for it on a 1-hr time scale
Attached Image (click to enlarge)
Click to Enlarge Name: usd-cad.jpg Size: 82 KB
"Luxury is one of the basic needs", (c), Don Corleone
  • #929,002
  • Oct 10, 2014 9:05am Oct 10, 2014 9:05am
EURUSD needs to stay above 2697 to continue the upward momo. could retest lows or dance around 2645 = 50% or 2572 = 75% either way use caution... buy signal is in but price action is not above chop zone......could be a sideways market until the end of the month
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 10-10-14.png Size: 85 KB
"W. D. Gann said that time is the most important factor among all things."
  • #929,003
  • Oct 10, 2014 9:09am Oct 10, 2014 9:09am
@USDollar, for an immediate up move there must be at least some tiny positive macroeconomic news from the EU...
After joining the sanctions nonsense the EU politicians killed the already minuscule economy growth.

At the same time, your sideways till the end of the month scenario would create a nice turning monthly candle
"Luxury is one of the basic needs", (c), Don Corleone
  • #929,004
  • Oct 10, 2014 9:10am Oct 10, 2014 9:10am
Quoting sanvulture
today's open was below D-PP.. and the difference between D-PP and D-S1 is bigger than the difference between D-PP and D-R1.. from my observance, most times, with this setup, price would touch D-S1.. but will it?
today seems to be one of those "most times".. 1.27143 is my D-PP and 1.26380 is my D-S1..
my TPs got hit.. though it was 20 pips too early, i'm happy with it..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDe1M15.png Size: 35 KB
Dont trade like me..
  • #929,005
  • Oct 10, 2014 9:12am Oct 10, 2014 9:12am
Quoting Firstboss
I am short EUR/USD since the decisive breach of the Weekly R1 level (second chart) Right now it's testing the daily S1, from below. My stop-loss - few pips above Weekly R1. Notice on the first graph how the weekly levels were respected to the pip and fought - after the FOMC minutes, and after yesterdays plunge of stocks and oil. {image}
Closed my shorts from 1.2640 at 1.2616 (right above the daily S1.5=1.2612), waiting to re-enter shorts after correction
"Luxury is one of the basic needs", (c), Don Corleone
  • #929,006
  • Oct 10, 2014 9:17am Oct 10, 2014 9:17am
Quoting pedro319
{quote} I was looking at the 4 hrs chart, there might be confluence yes. That 1.2715 is .447 Retrace 1 Hr chart, so suitable for ABCD that you have there, also the angle is appropriate. Unfortunately I haven't got a way of looking at my charts atm.
took a nap, thanks
those who can, do. those who cant, talk about those who can
  • #929,007
  • Oct 10, 2014 9:21am Oct 10, 2014 9:21am
Quoting gatorinla
{quote} ??? i had conflicts .. i cant long till 2587, that's just me, and i am probably not taking that long, 2612 and 2606 have to allow
back
those who can, do. those who cant, talk about those who can
  • #929,008
  • Oct 10, 2014 9:21am Oct 10, 2014 9:21am
EUR/USD seemed to be in a bullish correction but it also started heading down again. At this point I am not certain whether this is part of the correction or the bearish trend is continuing, or if this is an attempt to form a double bottom. I think we might have to wait for Monday for the situation to become clear.
  • #929,009
  • Oct 10, 2014 9:23am Oct 10, 2014 9:23am
Quoting chazzle
long ucad 11185 ucadm5 {image}
+18
  • #929,010
  • Oct 10, 2014 9:23am Oct 10, 2014 9:23am
Quoting Firstboss
{quote} Closed my shorts from 1.2640 at 1.2616 (right above the daily S1.5=1.2612), waiting to re-enter shorts after correction
Entered new short @ 1.2634 towards 1.2620-16
"Luxury is one of the basic needs", (c), Don Corleone
  • #929,011
  • Oct 10, 2014 9:26am Oct 10, 2014 9:26am
Quoting gatorinla
{quote} pryer to event, i had 244x and 2426 as a possible. on news events spikes that reverse, many times go back to the intention it had before release. those spikes many times go to 1/2 the distance in the opposite direction. then go to original target. this one didn't go to 1/2 opposite, it never got that far. it made it close to 1/4 at 2750. day closed under 2639. whats that mean? i dont know. i have it as a R and it closed below after being above.
2786 was 1/2
those who can, do. those who cant, talk about those who can
  • #929,012
  • Oct 10, 2014 9:27am Oct 10, 2014 9:27am
And I am out again.
Very nicely respected levels today
"Luxury is one of the basic needs", (c), Don Corleone
  • #929,013
  • Oct 10, 2014 9:30am Oct 10, 2014 9:30am
Quoting Fx_Anil
1.2620 become important for the pair before it plunges to sub-1.2600 levels. {image}
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= http://screencast.com/t/txwPi4FM
  • #929,014
  • Oct 10, 2014 9:48am Oct 10, 2014 9:48am
2587 is a normal place that both usually bears ans bulls want. bulls want it to attack, bears want it cause its below where we are atm.. getting close to it and 2606, a much larger bull area that got kicked in the nutz last week with a close below 2539..

chart shows how 2426 may look. it also has 2586 and 2608 as tough, close below 2586, and i give the battle to the bears in st.. this is a larger battle then this little chart shows.. it may take many days/weeks.. getting below 2539 to close the week is powerful. a LL close even better..probably not an easy task. the last few weeks closed near a LL..
Attached Image
those who can, do. those who cant, talk about those who can
  • #929,015
  • Oct 10, 2014 9:50am Oct 10, 2014 9:50am
Fibs sometimes work....
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-1.jpg Size: 349 KB
  • #929,016
  • Oct 10, 2014 9:52am Oct 10, 2014 9:52am
Quoting Beli
Fibs sometimes work.... {image}
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Klown
  • #929,017
  • Oct 10, 2014 9:58am Oct 10, 2014 9:58am
Quoting Beli
Fibs sometimes work.... {image}
Especially when the coincide exactly with the weekly resistance level
"Luxury is one of the basic needs", (c), Don Corleone
  • #929,018
  • Oct 10, 2014 9:58am Oct 10, 2014 9:58am
6 hrs 2 go B4 closin
  • #929,019
  • Oct 10, 2014 10:09am Oct 10, 2014 10:09am
Looks like we are getting a very small bounce off of 2608 area. EURUSD trying to hold above 2620 for now. I would love to see a pull back to 2660-70 area. I missed 2650 short by one pip.

What are you guys thinking for the rest of the day? Might just be a slow moving market until close.
Know your edge and trade within it
  • #929,020
  • Oct 10, 2014 10:20am Oct 10, 2014 10:20am
Quoting fxtrader29ca
Looks like we are getting a very small bounce off of 2608 area. EURUSD trying to hold above 2620 for now. I would love to see a pull back to 2660-70 area. I missed 2650 short by one pip. What are you guys thinking for the rest of the day? Might just be a slow moving market until close.
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freakeee fri's has her surprises$$$
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