View Poll Results: What impact will the ECB Rate Decision have on the Euro?
- 71. This poll is closed
Send Euro Higher!
Send the Euro Lower!
Will have no effect.
| || |
04-18-2012, 05:29 AM #72841
Originally Posted by rcopadilla
Where was your mind my friend?
Originally Posted by Spyros
04-18-2012, 05:42 AM #72842
Must have been that sleep thing. Things were a bit Fuzzy. I should have checked when you mentioned it. I knew you were a smart guy. For someone without years of experience, you have a very good methodology.
I was focus on the faster timeframes and missed the fact that the trading bias on the slower "bigger picture' timeframes had change. It's a good thing I have several methods to ring a warning when things are not working out as expected. Better late than never!
Last edited by rcopadilla; 04-18-2012 at 05:46 AM.
Reason: More comment
04-18-2012, 05:56 AM #72843
I was getting lonely here!
Originally Posted by Fx(MIA)
04-18-2012, 06:00 AM #72844
Some Pos D showing up on the faster charts since they are oversold.
But the slower charts are not. Eventually, the faster charts will get out of their oversold conditions enough for the bearishness of the slower charts to kick in again.
04-18-2012, 06:04 AM #72845
04-18-2012, 06:10 AM #72846
We are approaching the 1.3062 area with the bulls above and the bears below. Let's see what will happen there...
04-18-2012, 06:13 AM #72847
Here's a 4hour chart view.
The 4Hour timeframe is one of the slower trading timeframes. Note that the core technicals have turned downward while not even achieving normal overbought conditions. That is a sign of weakness. There is always a possibility that this deviation from the norm is a fakeout, but being on a slower timeframe, odds do not favor that possibility.
04-18-2012, 06:16 AM #72848
its looking pretty bearish right now I have not gotten any indication on smaller tf of a turn around. What do you have on tap for the day?
04-18-2012, 06:18 AM #72849
Does this mean you are ignoring my projection for the monthly pivot at 1.3240 as a C wave move coming out of an expanded flat having met retracement targets from the move up from 1.2994?
Only playing - we got to have competing views somewhere or there would not be a market place to trade.
Good luck everyone on their respective positions, but more to me who wants an up now, cause I am bored with this icecream on a bonnet sludge down hill.
04-18-2012, 06:20 AM #72850
I got My wave 9-11 count downhill since the B wave top (if it was a top there), and my MACD's are compressed enough to keep me from being shy. Just waiting for a confirmation play to go long. Probably no need to do anything more exciting than wait for daily pivot to be popped.
Originally Posted by Fx(MIA)
Last edited by Clivewaverider; 04-18-2012 at 06:25 AM.
04-18-2012, 06:21 AM #72851
4hr HS ......
Is it , will it, can it ??
Take your profits or the market will take it from you....
04-18-2012, 06:27 AM #72852
i am range playing
Iam range playing with a bearish bias right now..
this is a 1 min chart
04-18-2012, 06:43 AM #72853
Good trading is finding the balance between working your plan based on good data AND
making the necessary adjustments because sometimes not all information is in the plan's data.
We will all be wrong at times. The trick is to make an adjustment to get back on track and avoid tunnel vision. Sometimes the plan is correct but the timing is wrong.
04-18-2012, 06:51 AM #72854
I closed my shorts, this 5min wedge looks bullish.
Pound is fairly strong, too.
In order to make a profit, learn first how to take the loss.
04-18-2012, 06:52 AM #72855
waiting for a green signal on 1 and 5 min chart
Tags for this Thread
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.