EURUSD

Not boolish by any means lol, was hoping for a pop to yesterdays midpoint to sell a few , probably wait for London now to see what develops . Few things its kinda gyrating around here atm. Weekly pivot, daily pivot, yesterdays mid- point. May even call it a week being Friday and all, decent week Id hate to give any back , GL all. P.S. My sht target would be somewhere around the quarterly open 1.1128 , looked aways away starting the week but its in sight .

this is the monthly....a waterfall drop like that on a 1 hour or 4H chart will bounce to atleast 50% whether its a dead cat or not. i dont use indicators or pivots or fibo or any of the other labor intensive ways people try to predict prices but i put them on this chart so the indicator peeps can make up their own minds...i use my lazy simpletons lower volume candle targets and supp/resis method....as u can see the last down candlewas had its open closed over so price shud attempt to reach the second level.... dont forget this is the monthly so there will be alot of back and forth untill the last 2 or 3 days much like down candles dont turn green untill the last 10 min. on the hourly or the last 2 min. on a 15. if anyone trades price can attest to that....ive been early cause of that spill down otherwise i would wait till the monthly candle closed


my other reason is the quarterly chart i posted the other day....i dont have volume on it to be sure but on such a glacial timeframe a rebound that closed into the body of a down candle no matter how insignificant it deserves attention and since most peeps never look out that far away its all the more better

my third reason involves that krugman link how private interest rates are already high and unless the fed is totally brain dead or it wants to derail the economy i dont believe a rate hike will happen this year

there other reasons but these are the crux

this is the monthly i meant

the red lines are my levels

i forgot to mention the indicator divergence

ken...also the 2B method i mentioned few days ago some guy started a thread on....price rebounded up and closed above the low of the last LV candle on hier volume...thats prolly my strongest argument lol

i had to edit that last post twice LOL

i edited my 12:26 too

this is the 2B chart

KEN

Ha, getting to be that time of the week , I dont post a lot for that reason by time I get anything posted price has moved 50 pips lol. Ive watched those candles work both ways like that , starting out it was an easy way to watch my gains disappear or my losses grow in a hurry lol, I dont watch a quarter chart , monthly chart is way to long for my attention span too but I keep one floating around . Im looking for this candle and the next one to turn out something like the one in the red box just not near as big . If today does turn out to be a long day last weeks high would be my target, 1.1380ish . Anyway good luck, cheers.

watching the quarterly may keep u out of trouble....unless ur a billion dollar hedgefund trading it is pointless

Yep looking at $44, 45, 46

i use the lower volume candles cause u can say theyre the weakest link

well ken...did i pass the test?...mind u im strictly TA

Yeah, thanks. Worked it out with Gator's help. What was confusing me is that last time (the years leading up to the 2008 crisis) the ECB rates were lower than the Fed rates too (meaning it should have been the funding currency then too) and yet when it was 'risk off' time (EMs got steamrolled then too) there was a massive flight to the dollar (in spite of the fact that it was the US housing bubble causing the crisis). These two charts helped sort out the timing of why it was happening this way this time

http://www.forexfactory.com/showthre...46#post8457946
http://www.forexfactory.com/showthre...21#post8457121

I like 49 to 53 but hey I am just being plain greedy

MissP...are u tryin to give me nightmares with that post LOL....im kidding that second chart was brilliant

Yeah it was wasn't it. But I was just the flunky there - it was Gator's idea.