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  • #942,581
  • Dec 10, 2014 1:18pm Dec 10, 2014 1:18pm
Quoting teddybomber
{quote} It seems to me like it could pop up to 2500 first
Not without a small correction below. 1.2450 is a major trendline resistance; expect a fall down to around 1.240. It might also fall even below, but if it's still bullish, the 1.240 will be the area where the bulls take over once more.

Note: This is all in intraday terms; in other words, the sentiment of the market for the next few hours ~ maybe a day.

FxTyrant isn't wrong about seeing 1.230 soon, but you have to remember that he has a massive account compared to most people here-in other words, he can simply wait it out. Normal retail traders who want to make a quick buck are better off doing one of three things:

1: Take a small short at the 1.2450 with plenty of margin

2: Wait it out until higher prices arrive.

3: Take a large short at the trendline resistance (good chance of being stopped out, though)
  • #942,582
  • Dec 10, 2014 1:19pm Dec 10, 2014 1:19pm
Quoting thegmann
idk but this just screams drop to me...Get everyone excited about possible breakout then pull out the rug. {image}
Really? I do have headphones on but i hear nothing. My bull target was reached 2450ish, but i still see upside at moment.
  • #942,583
  • Dec 10, 2014 1:20pm Dec 10, 2014 1:20pm
Quoting janpec1000
{quote} Really? I do have headphones on but i hear nothing. My bull target was reached 2450ish, but i still see upside at moment.
Corrective bounce at trendline. Squeeze the market a few extra dozen pips. You usually don't get predictable trades like this, so you'd better milk it for all it's worth.
  • #942,584
  • Dec 10, 2014 1:21pm Dec 10, 2014 1:21pm
Quoting janpec1000
{quote} Really? I do have headphones on but i hear nothing. My bull target was reached 2450ish, but i still see upside at moment.
  • #942,585
  • Dec 10, 2014 1:22pm Dec 10, 2014 1:22pm
I could see it going to 2480 or so just to hit all the stops of everyone trying to short it with stops between 1.2451 and 2.481. Sometimes the ones that look obvious are not as they appear.

I do not have a position though, because I can see it going either way right now.
  • #942,586
  • Dec 10, 2014 1:29pm Dec 10, 2014 1:29pm
Quoting teddybomber
I could see it going to 2480 or so just to hit all the stops of everyone trying to short it with stops between 1.2451 and 2.481. Sometimes the ones that look obvious are not as they appear. I do not have a position though, because I can see it going either way right now.
A shakeout could also briefly touch 2500. People have a psychological resistance at that point, so the market makers just might go slightly above 2500 and crash it down within an hour. So it might go up to say, 2520.
  • #942,587
  • Dec 10, 2014 1:34pm Dec 10, 2014 1:34pm
Next up resistance could be 1.2467.....
  • #942,588
  • Dec 10, 2014 1:36pm Dec 10, 2014 1:36pm
Quoting cspip
Next up resistance could be 1.2467.....
If broken then surely we'll see 1.26
Money never sleeps I can hear the dollar calling me
  • #942,589
  • Dec 10, 2014 1:40pm Dec 10, 2014 1:40pm
Quoting gatorinla
{quote} uj tells the story..
Yes, as much as this continues the uj will just go deeply down... Today is the third day of U.S. stocks fall
  • #942,590
  • Dec 10, 2014 1:42pm Dec 10, 2014 1:42pm
Quoting TheNoob
{quote} yeah Fibo levels says its all about the PP 2370... 2340 is only the mid of 2310-2370. if you want something higher 1.24, 1.2340 has to hold, or else we go probably S2 or even S3 1.2214... {image}
OK we park at R1...Not looking good the D1 resistance...we go overbought area.
Attached Image (click to enlarge)
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DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #942,591
  • Dec 10, 2014 1:43pm Dec 10, 2014 1:43pm
and now we've reached the same numbers of yesterday crazy spike except for commodity currencies..
  • #942,592
  • Dec 10, 2014 1:47pm Dec 10, 2014 1:47pm
Quoting mond33
{quote} Yes, as much as this continues the uj will just go deeply down... Today is the third day of U.S. stocks fall
dropping oil has to concern UAE. whats the talk about there?
those who can, do. those who cant, talk about those who can
  • #942,593
  • Dec 10, 2014 1:53pm Dec 10, 2014 1:53pm
Quoting mond33
and now we've reached the same numbers of yesterday crazy spike except for commodity currencies..
month close.. on the south side of 2473 and 2465... not a bullish sign.. and the week closing below 2324 was added bearish. bounce was expected for a month to 2467/80. once it made the LL
those who can, do. those who cant, talk about those who can
  • #942,594
  • Dec 10, 2014 1:56pm Dec 10, 2014 1:56pm
Quoting gatorinla
{quote} dropping oil has to concern UAE. whats the talk about there?
Not yet a measurable impact, it won't be much, but I find it hard to understand why opec tanked down the oil prices while they're the most beneficiaries from higher prices..
  • #942,595
  • Dec 10, 2014 1:59pm Dec 10, 2014 1:59pm
Quoting gatorinla
{quote} month close.. on the south side of 2473 and 2465... not a bullish sign.. and the week closing below 2324 was added bearish. bounce was expected for a month to 2467/80. once it made the LL
but Tomorrow will be a roller coaster
  • #942,596
  • Dec 10, 2014 2:01pm Dec 10, 2014 2:01pm
Quoting mond33
{quote} but Tomorrow will be a roller coaster
maybe.. footsteps is for 2125.. and we are getting toward the end of the week. a LL and 3 days with little news was a good time to pump and dump, sis and i spoke about this Friday. early week up before late week down. speculation of course
those who can, do. those who cant, talk about those who can
  • #942,597
  • Dec 10, 2014 2:01pm Dec 10, 2014 2:01pm
holy fucking balls, watch nzd.
  • #942,598
  • Dec 10, 2014 2:02pm Dec 10, 2014 2:02pm
Quoting mond33
{quote} Not yet a measurable impact, it won't be much, but I find it hard to understand why opec tanked down the oil prices while they're the most beneficiaries from higher prices..
It is to squeeze Ruble and Putin. It is the old USA trick against the Russia.
merlin4x dot com
  • #942,599
  • Dec 10, 2014 2:03pm Dec 10, 2014 2:03pm
Quoting TheNoob
{quote} OK we park at R1...Not looking good the D1 resistance...we go overbought area. {image}
Seems like the continuing U/J plummet is keeping E/U on the rise but gains are hitting up against longer TF resistance/supply areas and overbought area as you point out.
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  • #942,600
  • Dec 10, 2014 2:04pm Dec 10, 2014 2:04pm
Quoting gatorinla
{quote} maybe.. footsteps is for 2125.. and we are getting toward the end of the week.
Not before the fed meeting
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