STAN DA MAN WID DA PLAN....... U r spot on......... played it well and played it right...
4075 imp......... break higher and good to head towards 4190 region...
4017-22 should contain dips...........
GL....
hi...
we have a new daily peak of 1.4049. I fall out of the neckline that is, to 1.4000, from there I expect 1.4000 to overcome on the way to a new peak that is, your T3 is 1.4075. that if there was support for the T3 would see at 1.4049 ..... so I see it in the next 2 hours ...
thanks Alejandro for this nice tips, I always think price will run away from me which makes me break some of my rules sometimes, but im trying to improve this everyday ;-)
I used to have the same problem and still sometimes get ahead of the market (in a bad way). I'm prone to buy breakouts which works great during trending markets but when things start to slow down then its like poison to your account. The solution is to trade dips. In this chase if we would buy relatively close to 1,40 then we would be buying on a dip and we get a good a relationship between the risk and the potential gain.
Something to consider. EUR/GBP is near to resistance. Eur/usd stoped near to 23.6 fib level from recent travel to the down. 5 wave down on 1 min chart can be count. Still it is only probability. We even may go further up to 1.41 and only there reverse or even not reverse.
This is true to some extent. EUR/GBP is also trading above its R2 level which means that the price is extended.
Yet GBP/USD is trying to bottom out and might lend a help to the EUR/USD later this after noon.
In either case make sure that everyone reading this is using a protective stop loss and do not risk too much.
Last edited by Alejandro Zambrano; 10-21-2010 at 05:49 AM.
dollar index update, this to me is the end of the move and a correction is coming, careful for those going long eu etc, dollar should be bouncing...
talk about breakout...
Good luck
I have been long and short this morning. This baby needs to stay above 1400 now. If it does minimum we go to is 14080..........However i will be looking for small and meduim DOJI candle sticks meaning medium range bearish, this could also be possibility in which case i will be ready.
There will be small dips 14036 was one of them down to 14000....well lets see if im right without this elliot wave theory !!!!!!!!!!!!!!
Take your profits or the market will take it from you....
I have been long and short this morning. This baby needs to stay above 1400 now. If it does minimum we go to is 14080..........However i will be looking for small and meduim DOJI candle sticks meaning medium range bearish, this could also be possibility in which case i will be ready.
There will be small dips 14036 was one of them down to 14000....well lets see if im right without this elliot wave theory !!!!!!!!!!!!!!
Good post, SO im presuming everyone is predicting a dollar decline again and the euro to strengthen once again ?
Good post, SO im presuming everyone is predicting a dollar decline again and the euro to strengthen once again ?
Yep, as long as eqities are up oil is up dollar index will drop again, BUT i m only looking day to day and today were up tomorrow we could decline. my prediction is for today only
Take your profits or the market will take it from you....
Yep, as long as eqities are up oil is up dollar index will drop again, BUT i m only looking day to day and today were up tomorrow we could decline. my prediction is for today only
I hear your point, that decline just seemed so short lived. Just seems strange, oh well i guess thats the markets for u.
EUR/USD Advance Rejected at the 78.6% Fibonacci Level.
EUR/USD Advance Rejected at the 78.6% Fibonacci Level. The 13579 Fib extension target may be the next leg down.
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still within the channel breakout as long as 3950-55 holds...
GL...........
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
still within the channel breakout as long as 3950-55 holds...
GL...........
Hey up Stryker, yep[i agree, although that last dip almost got me thinkin i made the wrong call!! i think that was selling/profit taking befor the usa session
im calling it up to at least to 14100
Take your profits or the market will take it from you....
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Originally Posted by stryker
(in a bad way). I'm prone to buy breakouts which works great during trending markets but when things start to slow down then its like poison to your account. The solution is to trade dips. In this chase if we would buy relatively close to 1,40 then we would be buying on a dip and we get a good a relationship between the risk and the potential gain. 
eu 30m
