IF YOU ARE TALKING ABOUT THE BEARS WE ARE AGREE WITH YOU ! BUT YOU ARE RISKING TO MUCH AIN'T YOU ? IF YOU WANT TO PUT YOUR STOP LOSS IT GONNA BE AT THE WAVE 4 LEVEL WHICH IS 2 TIMES YOUR PROFIT = RISK/REWARD RATIO IS 2:1 MUCH RESPECT .....
The EUR/USD monthly bar is now very stretched, Considering the prior multi year support at 1.2639, I believe we will see a strong relief rally from this over sold market...
I have drawn extension candles here on the monthly chart to illustrate what I am saying... Keep in mind each bar represents one month of price action... I'm looking for bullish momentum in early June to bolster bulls....
Whether it works or not is irrelevant. Unless you are prepared to share your system & ideas like the rest of us, I for one am not interested.
Why everyone here is in a hurry. No one is giving me chance to share the ideas. One is asking for next 100 pips another is just trying to prove it phishing plan.It seems that you guys have no Zest to learn. you guys are going on telling only the baseless stories. Let there be a signal I will definitely share it with you. meanwhile I will prove that this system is very much similar to yours(all of us) with very high efficiency.
Been pretty busy with Life's other duties however, managed to bring in 310 pips end of last week into this week thus far. Closed shorts at 1.2460 and waiting aside for the possibility of a retrace of this down move. What looks like a wedge and bullish divergence forming, im looking to try long positions around 1.2430 area. 8Hr chart below.
Why everyone here is in a hurry. No one is giving me chance to share the ideas. One is asking for next 100 pips another is just trying to prove it phishing plan.It seems that you guys have no Zest to learn. you guys are going on telling only the baseless stories. Let there be a signal I will definitely share it with you. meanwhile I will prove that this system is very much similar to yours(all of us) with very high efficiency.
You sure don't seem to get it. We're not interested in your calls or your "system". No one here in this forum has a "system", but works with strategies that we do ourselves, not automated.
Why are you even here when we don't work with "systems"? As far as "you guys have no Zest to learn..." is such an ego driven statement. Why not go over to the other Euro thread. Maybe they will appreciate you more since we're just a bunch of lazy brained people here who have no desire to learn.
Adding a Dow Jones chart that could possibly get ugly if negative divergence takes its course. Here, a Monthly chart of the Dow Jones showing Bearish Divergence on the CCI and Macd, we'll see how she moves.
AS LONG AS WE PLAY BELOW THE 2500 THE TREND IS STRONGLY BEARISH ON THE BREAK WAIT FOR THE 2575 ON THE BREAK TREND MAY CHANGE TO BULLISH ......
JAMIL GARUTY
JORDAN-AMMAN
you're welcome..study it and it will help you 'see' the charts and what they are telling you, start with the daily TF first and work down to the TF you prefer.
Robert I share both views, Mystic have right ECB through his bond-buying program sustain the euro and in no way to push it down. Also I agree when u say that ppl don't want anymore to buy bond from Europe. Lately all the eyes was on Greece, if they'll stay or not in the euro zone, but what worries me is if germans want still to stay in the euro zone. They are against Greece and also on issuing euro bonds, but they are agree to use structural funds (aprox 80 bill euro) to help one more time Greece. It will be hard, I see it already on the size of my account, in the last 2-3 weeks I made only 4 trades with maxim 20 pips. The market is nervous and this is it reflected into traders attitude and I expect to continue at least till 17 june when the elections will take place.
Now if we look from technical perspective we have a good support line at 1.2470 and if it will be breaked then the next stop is 1.2400 and if euro will refuse to revers we could also see 1.2320 on 1 june. Dark clouds will come above the euro
I don't see a fall to 1.2320 as a "dark cloud"; on the contrary, I have been saying since early March that ~1.225 is where the euro *needs* to be, in the sense that if it doesn't get down there soon, and STAY down there for a while, southern economies will continue to collapse until they pull Germany down with them. Only below ~1.1111 (purchase-power parity) could the euro be considered "undervalued"; the gross overvaluation is a primary structural problem (not that there aren't several other problems contributing to the current mess). And I think the ECB's renewed bond purchases, after months of refusing pleas to act in this way, may represent a commitment on their part to force the value of the euro down, and anyone who is feeling bullish should know that there is a sumo-sized wrestler fighting on the other side. I don't comment on technical matters because I know my limitations; I rely on the generosity of you all to share techie views, and put my fundie-ness out there for those who, in turn, feel weak on that end.
Bit of news: major aftershock in Modena following a quake nine days ago; as many dead as in the initial quake, because factory buildings that had been officially ruled "safe" to re-open collapsed with workers on shift-- labor unions are angrily demanding some explanations. This is in the heart of Italy's key industrial province of Emilia-Romagna.
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Originally Posted by captester
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THE EURO OUTLOOK WITH SELLING CHANCES THERE :)
