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  • #701
  • Aug 23, 2006 11:27am Aug 23, 2006 11:27am
I see eur/usd staying around 127's around the next day or 2 before another major fall....imho
CRAIGSLIST BARTERING CHAMPION
  • #702
  • Aug 23, 2006 12:55pm Aug 23, 2006 12:55pm
I meant bovb, as I call them bearish overlapping bars, but they're also called beob, as you mentioned.
I usually wait for some pull back to 50, 61 fibo and then take a position.
It offers better reward then playing a break, but it's also a bigger risk that your trade might not work out.

Quoting SeekingLight
BOVB?
Do you mean BEOB? Bearish outside bar? That's what I see
I would go short at 1.2760 still but there's a bit of resistance or should i instead say support at that point and then the 1.2750 is again supportive...from there on it's pretty much down to retest 1.2700 I guess...
still 40 minutes here until 4h bar closes, a BEOB play would enter under the last 4h bar low, no? Dangerous, but could well start slipping before IMM close...Euro has been feeling gravity's pull all day and went lower faster and more than even cable...
  • #703
  • Aug 23, 2006 1:01pm Aug 23, 2006 1:01pm
Tomorrow the EUR flies about 100 pips or more

Besttrader
  • #704
  • Aug 23, 2006 1:14pm Aug 23, 2006 1:14pm
Quoting Besttrader
Tomorrow the EUR flies about 100 pips or more

Besttrader
Files North or South. I am hoping it will go south!
  • #705
  • Aug 23, 2006 1:15pm Aug 23, 2006 1:15pm
Quoting Besttrader
Tomorrow the EUR flies about 100 pips or more

Besttrader
Flies North or South??

I am hoping it will go South!
  • #706
  • Aug 23, 2006 3:22pm Aug 23, 2006 3:22pm
I made some pips on the south move today... but I'm hoping it will go north now. The major trend on the 4HR and the daily chart is bulish... -
  • #707
  • Aug 23, 2006 3:22pm Aug 23, 2006 3:22pm
down
  • #708
  • Aug 23, 2006 3:43pm Aug 23, 2006 3:43pm
Down
  • #709
  • Aug 23, 2006 9:20pm Aug 23, 2006 9:20pm
Euro on 4h chart does seem to be really heavy toward going short. Yet the RSI 14 is reading 39.565 and has not really dropped too much below that until mid July when it hit around 25.903. It is definitely below the MA of 26-12-8. The S1 from the previous day shows to be 1.2756 as well as an area of support for the past couple of weeks with it being broken for a few days around Aug. 11 - 15. (currently it is 1.2768). Anybody have thougts on this.

Thanks Tom
  • #710
  • Aug 23, 2006 11:33pm Aug 23, 2006 11:33pm
Hmmm this is tough stuff again...
raczekfx and I were both looking at staged shorts a while back, I was looking at 1.2760 to break and he was already short higher up...
But the latest situation made it a bit more complicated for me...
I was short from 1.2786 but missed the 1.2756 low as my limit/TP level was lower and I was asleep when it happened...hoping for a new move down now...

I entered because of the BEOB, here are some other thoughts on it on my 4h chart...

http://img169.imageshack.us/img169/199/euromessfe0.gif
Trust price. Know yourself.
  • #711
  • Aug 23, 2006 11:58pm Aug 23, 2006 11:58pm
Everyone knows people try to describe the market in Waves, Elliot/Wolve e.g..

I have been pondering whether the market also could move in sine waves/pulses/frequencies and this latest 4h development of a widening range looks very much like an expanding sound to me, can anyone with any sort of visual or physics background or just normal interest give me his thoughts on this idea?


http://img221.imageshack.us/img221/7...etheorynn8.gif
Trust price. Know yourself.
  • #712
  • Aug 24, 2006 2:41am Aug 24, 2006 2:41am
hi folks,

i´m new to this forum and i like it very much. since i´m from germany my english isn´t always the best...
ok this is how i feel about eur/usd:

german ifo made it climb up again - above a rising line (see picture)
but will it hold?..personally i hope yes.. but us data might push it down in the 1,2700 area..were most people find it more comfortable to go long eur again.
i will not act on the short side until the blue line is broken.

greetz simon

(picture: daily candles)
Attached Image
  • #713
  • Aug 24, 2006 2:44am Aug 24, 2006 2:44am
Quoting cattywampus
hi folks,

i´m new to this forum and i like it very much. since i´m from germany my english isn´t always the best...
ok this is how i feel about eur/usd:

german ifo made it climb up again - above a rising line (see picture)
but will it hold?..personally i hope yes.. but us data might push it down in the 1,2700 area..were most people find it more comfortable to go long eur again.
i will not act on the short side until the blue line is broken.

greetz simon

(picture: daily candles)
Welcome to FF.
Good analysis.
  • #714
  • Aug 24, 2006 2:50am Aug 24, 2006 2:50am
I am student of Physiscs.You have drawn lines very well and it looks like you said.But it wont last long as market never bechaves like this except for little time.
Mostly reverse of it is true which is called converging traingle on charts.But that also is temporary phenomenon which ends with breakouts.

kolachi
Quoting SeekingLight
Everyone knows people try to describe the market in Waves, Elliot/Wolve e.g..

I have been pondering whether the market also could move in sine waves/pulses/frequencies and this latest 4h development of a widening range looks very much like an expanding sound to me, can anyone with any sort of visual or physics background or just normal interest give me his thoughts on this idea?


http://img221.imageshack.us/img221/7...etheorynn8.gif
  • #715
  • Aug 24, 2006 9:10am Aug 24, 2006 9:10am
I've played with limit orders today. Setup a sell limit 20 pips below yesterday's high with a SL 20 pips above high. Order was triggered last night and closed manually for 30 pips. By looking at a price now, it would make more sense to close half a position and move SL to BE for the second half. I think, I will start paying more attention to days range.
Attached Image
  • #716
  • Edited Aug 25, 2006 12:22am Aug 24, 2006 4:59pm | Edited Aug 25, 2006 12:22am
Today close another 85 pips in GBP, the secret is [link deleted by mod]
Now, i love de forex.
  • #717
  • Aug 24, 2006 5:00pm Aug 24, 2006 5:00pm
tomorrow strong buy
  • #718
  • Edited Aug 25, 2006 12:20am Aug 24, 2006 8:12pm | Edited Aug 25, 2006 12:20am
Pardon my ignorance but what do you mean by [link deleted by mod]
  • #719
  • Edited Aug 25, 2006 12:21am Aug 24, 2006 8:14pm | Edited Aug 25, 2006 12:21am
Quoting tomhen
Pardon my ignorance but what do you mean by [link deleted by mod]
It's a website. Just copy and paste the address into your address bar and click go.
  • #720
  • Aug 24, 2006 9:21pm Aug 24, 2006 9:21pm
stochs are heavily oversold on 4hr, nevertheless im starting to doubt my long

i had the most rotten luck... bought at 2755, did some homework for a few hours and saw the price at 2780. thought i had 25 pips in the bag.. turns out i had gotten stopped out on a spike down within like 15 minutes after opening the trade. i knew i wanted a tight stop... probably a little too tight this time. oh well..
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