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05-04-2012, 11:30 AM #73981
thank you very mush sir!
Originally Posted by Alejandro Zambrano
05-04-2012, 11:39 AM #73982
ICH D1 and Kumo Equilibrium
Here we are at the end of the week and we've not validated the D1 ICH Kumo yet with a close below.
I think the French elections will tip a close below D1 Kumo and then we'll climb back up to equilibrium level at 1.3210 give a pip or two and chop there for the rest of the month.
So, I'm going keep my range trading hat on for now and do the chop dance then listen to Swinging the Mambo by Tito Puente at the end of the day!
I hope NPF was good to everyone "Insert Roller Coaster Video Here"
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05-04-2012, 11:48 AM #73983
I been staring at my screens and trying to justify why a move lower makes sense even though my indicators are screaming brake/break time at me. 1.3055 has been a floor fibonacci line for some time now and may be again here until we see some re-setting of my momentum indicators. Maybe this time, they fail cause the trend is strong, but I would love to see 1.3210 before shorting again or at least re-assessing the situation.
Originally Posted by buggypilot
I have added a longer term chart that signifies a turning 'line' is upon us, but I would still like to see some up before down - as ever!
05-04-2012, 11:57 AM #73984
Here's a 4 hour chart with some downside targets. There is a lower band near the S2 (1.3055). Another is just under 1.30 which should be stronger support. That level is Not likely to be tagged today since S2 is normally all we get.
05-04-2012, 11:58 AM #73985
I have had to re-look at these EURUSD MyWave counts on the basis of my tired moms and the new low.. I cannot see further extended selling without re-setting the moms on multiple timeframes, so I prefer to re-work them here. Not a lot to it other than shifting the numbers along.
Nothing guaranteed with this work, but I think we might see a good retracement from down here somewhere - what does this say about the election? I'll finish here for the weekend, given I am not trading today, and look forward to seeing what happens.
05-04-2012, 01:22 PM #73986
CD Wave Theory - Keeping it Simple With One ? Only. Which Step is Market Doing?
[QUOTE=rcopadilla;1136077]Here's a 4 hour chart with some downside targets. There is a lower band near the S2 (1.3055). Another is just under 1.30 which should be stronger support. That level is Not likely to be tagged today since S2 is normally all we get.
Hello EU traders
I don't care for news or elections the charts are clearly showing that the Euro will continue to fall. I don't expect the 1.33-34 level to be taken out until the pair at least take out the 1.2623 low. See monthly and weekly charts indicating what will and must happen medium to long term.
05-04-2012, 01:42 PM #73987
watch out these numbers stated above i suspect the prices turn from the first stated number 3077-80
Originally Posted by turmaz
use leverage wisely!
05-04-2012, 02:01 PM #73988
quick update of my chart 5 min time frame waiting for it to break for give me buy signal
05-04-2012, 03:24 PM #73989
i think this is it guys, the big break is here, we either crash through this next week or back up to the top. if we don't crash through this, the next visit to the top will most likely be a break out.
sure we could visit 1.3 again before higher, but imo, if we see 3045 from here, that is a break down and we will likely sell off hard through 1.3 . For bullish case its ideal the lows today and these trend lines hold.
05-04-2012, 03:37 PM #73990
to me i am bullish this pair but i change my position from short to long and long to short more often,
Originally Posted by psperos
to me we need a break under 2960 to be bearish over all, and take one thing in notice the atr range is now in extended mode i mean the "race" mode is on as on sport cars lol, in coming days i see volatility between 150-200 pips, so its no big deal we drop from say 3080 on monday to 2980 then comes back all the way up to close at 3180 all im saying yes this is it break is near, we already have a triple bottom
use leverage wisely
05-04-2012, 03:58 PM #73991
this is very tricky!
for bulls they must need a close above 1.3105 today MUST!
we still have one hour to go atm 1.3089 bulls are under the "line of fire"
bulls needs 15 more pips to close above the line shown in the chart
05-04-2012, 04:29 PM #73992
8 Hour chart
The 8Hour chart shows that SSD indicator has not yet reached the 20 level. So more downside to go for the next 8 hours. Treat any bounce up as a dead cat bounce.
05-04-2012, 04:32 PM #73993
Howling at the moon, leaving max shorts on for the weekend. I think the range is dead.
Originally Posted by melbgirl
05-04-2012, 04:41 PM #73994
The Daily Chart
The lower BB20 band on the Daily is around 1.3050. It should provide some temporary support because of the tendency for a reflex bounce when a lower band is hit. But the weekly chart project more down and that will eventually erase any bounce from the daily.
05-04-2012, 10:23 PM #73995
What is CD wave? Because if you are trying to show EW wave, your monthly chart should be ABC down, and then Upwave 1-2, in the process of 2, isn't it?
Originally Posted by Nature Boy
Last edited by Paul Chin; 05-04-2012 at 10:25 PM.
Reason: something wrong with quoting
A beautiful mind is much more important than a fat pocket.
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