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06-18-2009, 10:48 AM
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Quote:
Originally Posted by melbgirl
Don't we also have a double top?
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yes ma'am we do
EU also has a habit of testing S/R 3 or more times before giving up or breaking 
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Don't Chase the market let the market come to you
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06-18-2009, 10:58 AM
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There is little to sustain this rally in the EU.
Despite a string of better-than forecast numbers over the course of the past several months, world economic data is still very generally poor and sectors are still in rough shape. I do not believe a recovery so fast from a problem so big is possible. We do not have all the facts and are fed enough BS to keep us guessing but the underlying problems still exist, they have not been addressed to correct the problem only patch the problem.
stop chasing this market and its whipsaws up and down, sit back and trade the market dont chase the market.
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Don't Chase the market let the market come to you
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06-18-2009, 11:03 AM
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Quote:
Originally Posted by CodyB
yes ma'am we do
EU also has a habit of testing S/R 3 or more times before giving up or breaking |
LOL...I was missing you Cody, I wondered how you deal with these sew-saw days?
__________________
Trade your own ideas. When you haven't got any, it's a sure sign you should not trade.
Melbgirl
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06-18-2009, 11:03 AM
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Just recieved a call from a client in germany
will have to travel for the rest of this week and beggening of next week, soo tend not to post any longer for some time.
I will leave here a last post with my positions to add to your brain storm and that is it.
Added to my shorts today at 1,3995 again and will let this run as i believe we are realy close to a 400pips , maybe 500pips drop in the eurodolar.
Look at the daily chart bellow. Forming a doji today on the base of a broken triangle. Has already pulled back enogh, aliviating ifrīs and macdīs and leaving space for a large selloff that might start today, might start tonight after the close going into next week. This doji is set and we can also see a clear head and sholder bear figure on this daily chart.
The bear trend in this daily chart is just beggening and will probably be very ugly and fast.
The intraday chart shows a doble top and a double bottom and still is sidelines what confirms the view that we might end the day around 1,3950/25forming that doji on the base of a broken down bear triangle....
That said, i leave you guys and hope you all make a lot of money and be happy!
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06-18-2009, 11:18 AM
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Quote:
Originally Posted by melbgirl
LOL...I was missing you Cody, I wondered how you deal with these sew-saw days?
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I have had fun watching everyone long/short this market and wonder how anyone can be focused enough to trade and post at the same time. 
I am still shorting the rally's on many $ pairs.
someday I am going to visit your beautiful country. I first need to recover the medical bills paid for family but it will not be long, the dollar pays my bills nicely.
how has your trading been? I watch you and the EG but have yet to take a trade on it since last year.
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Don't Chase the market let the market come to you
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06-18-2009, 11:26 AM
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Quote:
Originally Posted by CodyB
There is little to sustain this rally in the EU.
Despite a string of better-than forecast numbers over the course of the past several months, world economic data is still very generally poor and sectors are still in rough shape. I do not believe a recovery so fast from a problem so big is possible. We do not have all the facts and are fed enough BS to keep us guessing but the underlying problems still exist, they have not been addressed to correct the problem only patch the problem.
stop chasing this market and its whipsaws up and down, sit back and trade the market dont chase the market.
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Cody,
To add to the doom and gloom.........
This is definitely the worst GLOBAL recession for at least half a decade. I agree that it is not feasible that it can be repaired in a year and a bit especially when all the "good" news is so atrocious. Look at unemployment figures and these are no where near the bottom yet!
I wish Europe good luck as there will be lots of interesting developments there. At least US and UK have adopted a candid approach.
FF
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06-18-2009, 11:31 AM
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Quote:
Originally Posted by CodyB
I have had fun watching everyone long/short this market and wonder how anyone can be focused enough to trade and post at the same time.
I am still shorting the rally's on many $ pairs.
someday I am going to visit your beautiful country. I first need to recover the medical bills paid for family but it will not be long, the dollar pays my bills nicely.
how has your trading been? I watch you and the EG but have yet to take a trade on it since last year. |
Yep, that was no mean feat from some of these guys. I only managed a few pips on the USD/JPY. I was too scared to get caught up in the wrong trade.
I hope everyone in your family is good as new now :-) So you can bring them all to pet the koalas!
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Trade your own ideas. When you haven't got any, it's a sure sign you should not trade.
Melbgirl
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06-18-2009, 11:34 AM
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Ok, I truly believe we are now ready to move down, 1.40 is history
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06-18-2009, 11:37 AM
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it rejects 1.3990 with double tops on the 5 min charts, i guess it wont be going up anymore :O, or maybe 1 last one before coming back down.
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06-18-2009, 11:39 AM
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Quote:
Originally Posted by trendcat
abro im the king, you never said enter long
my euro scalper system entered long at 1.3926 |
i dint said buy the euro so what do i have enough time to come to the forum and write to buy ehh ?? i have better works to do and besides i said that euro is well supported at 1.3920 so above it you could had bought at every dip ok . now dont blame me . and what is you system basically can you explain a little ......
at 1.4 to 1.4050 there is a very strong area of resistance .. so stop buying it unitil it breaks it .. or better look to short if it breaks the whole support of the move from 1.3750 to 1.4
big wave nice resistance line you have drawn ... just dont forget to buy in case if it got broken ....
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IGNORANCE, OVER CONFIDENCE, GREED AND FEAR ARE THE KEY FACTORS TO POOR TRADING !
Last edited by abro; 06-18-2009 at 11:44 AM..
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06-18-2009, 11:44 AM
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Quote:
Originally Posted by pichoo
it rejects 1.3990 with double tops on the 5 min charts, i guess it wont be going up anymore :O, or maybe 1 last one before coming back down.
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a double top on a 5 min chart means nothing, the further away the tops the stronger they are, if you wan to look for dbtops/bottoms look no less then 4hr charts for strong S/R points.
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Don't Chase the market let the market come to you
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06-18-2009, 11:49 AM
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Posts: 796
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Quote:
Originally Posted by BigWave
will have to travel for the rest of this week and beggening of next week, soo tend not to post any longer for some time.
I will leave here a last post with my positions to add to your brain storm and that is it.
Added to my shorts today at 1,3995 again and will let this run as i believe we are realy close to a 400pips , maybe 500pips drop in the eurodolar.
Look at the daily chart bellow. Forming a doji today on the base of a broken triangle. Has already pulled back enogh, aliviating ifrīs and macdīs and leaving space for a large selloff that might start today, might start tonight after the close going into next week. This doji is set and we can also see a clear head and sholder bear figure on this daily chart.
The bear trend in this daily chart is just beggening and will probably be very ugly and fast.
The intraday chart shows a doble top and a double bottom and still is sidelines what confirms the view that we might end the day around 1,3950/25forming that doji on the base of a broken down bear triangle....
That said, i leave you guys and hope you all make a lot of money and be happy!
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bearish trend is never ugly if , in case you are surfing with the ride down ....
__________________
IGNORANCE, OVER CONFIDENCE, GREED AND FEAR ARE THE KEY FACTORS TO POOR TRADING !
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06-18-2009, 11:53 AM
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Join Date: Dec 2008
Posts: 796
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Quote:
Originally Posted by CodyB
a double top on a 5 min chart means nothing, the further away the tops the stronger they are, if you wan to look for dbtops/bottoms look no less then 4hr charts for strong S/R points.
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but cody in case if we are scalping then its of a much use to lock in 20 to 30 pip at double bottom confirm and double top confirm
__________________
IGNORANCE, OVER CONFIDENCE, GREED AND FEAR ARE THE KEY FACTORS TO POOR TRADING !
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06-18-2009, 12:02 PM
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Member
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Join Date: Mar 2009
Posts: 384
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Quote:
Originally Posted by melbgirl
Don't we also have a double top?
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At what timeframe? |
06-18-2009, 12:06 PM
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Member
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Join Date: Mar 2009
Posts: 384
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Quote:
Originally Posted by BigWave
will have to travel for the rest of this week and beggening of next week, soo tend not to post any longer for some time.
I will leave here a last post with my positions to add to your brain storm and that is it.
Added to my shorts today at 1,3995 again and will let this run as i believe we are realy close to a 400pips , maybe 500pips drop in the eurodolar.
Look at the daily chart bellow. Forming a doji today on the base of a broken triangle. Has already pulled back enogh, aliviating ifrīs and macdīs and leaving space for a large selloff that might start today, might start tonight after the close going into next week. This doji is set and we can also see a clear head and sholder bear figure on this daily chart.
The bear trend in this daily chart is just beggening and will probably be very ugly and fast.
The intraday chart shows a doble top and a double bottom and still is sidelines what confirms the view that we might end the day around 1,3950/25forming that doji on the base of a broken down bear triangle....
That said, i leave you guys and hope you all make a lot of money and be happy!
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daily chart forming a Doji? Like + ?
I'll call my support because I think then something is wrong with my chart as I receive them. This is how it looks at my place. |
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