MAcd is alerting of a possible fall back down ? nice diverge on the top of the range
I have placed short entries under the daily pivot and the 1.3308 low - initial target monthly pivot . Still hoping for some more upside that sticks and provides ladder of shorts uphill.
US Dollar 30 min looks primed for some upside....
We shall see.
Quantitaive Qualitative Estimation - new one on me?
Last edited by Clivewaverider; 03-28-2012 at 05:55 AM.
very likely , but i think this last abc in the down wedge is is for 4 th not 2 in my opinion, i would put the top as a third .wave very clear , but to be honest i m not expert .
That 3rd wave I showed in that chart, it turned to be a C of B wave (maybe), and we're either on C wave down to the level that FXTA is expecting or it may be that they released that "BIG o BEAR".
very likely , but i think this last abc in the down wedge is is for 4 th not 2 in my opinion, i would put the top as a third .wave very clear , but to be honest i m not expert .
Because I am looking to short the poke up, perversely I want to see more upside than perhaps is expected. This seems to work in two ways; it puts pain on the early shorts and clears out the longs - if it happens. After yesterday's nothingness, I'd like to see this of course.
The ascending triangle I have been pattern playing on the 240 min chart saw price break back in the top perimeter and given this lack lustre reaction, assume it wants another go at that top or I am imagining the triangle!
On the 2nd chart, if price rises, it will either run up the underside of that blue resistance line above it, or will break through. If it does not break through, then it is likely to be held by the current top. If it breaks through, I would have thought a run to R2 might be possible to provide a new high, a touch of my weeky channel (orange dotted) and a test of the red resistance line to the right. If price just breaks through 1.3305, well then perhaps down to the bottom of the triangle at the monthly pivot line.
Good luck everyone.
Shorts closed at 1.3303 - fair result on some of my trades down from the high but this price action is not what I hoped for at all. Going with gut feeling and taking what I can for now. Will give this a couple of hours and relook. Starting to look and feel like an abc retrace and calls for longs in due course.
Last edited by Clivewaverider; 03-28-2012 at 10:30 AM.
Charts from today'sedition of the webinar Bulls vs. Bears @ The Trading Room 11:30 GMT Mon - Fri
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EUR/USD is definitely correcting more that I was expecting. Yet I am still bullish as long as we trade above 1.3250 and waiting for price to reverse at the fib levels below.
Last edited by Alejandro Zambrano; 03-28-2012 at 10:37 AM.
Shorts closed at 1.3303 - fair result on some of my trades down from the high but this price action is not what I hoped for at all. Going with gut feeling and taking what I can for now. Will give this a couple of hours and relook. Starting to look and feel like an abc retrace and calls for longs in due course.
too early ? i would like to see 1.3210 /00 today or tom ? then a rebound to 1.3260 then another fall to 1.31 a stop on a break of 1.3330
too early ? i would like to see 1.3210 /00 today or tom ? then a rebound to 1.3260 then another fall to 1.31 a stop on a break of 1.3330
Me too but it just don't feel right to me, so I am out for now. Maybe a retrace will sort me out! This of course is easier to say, having banked a bit. Is it too much to ask for an abc and then a 50-80 pip move in ten minutes? lol
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Originally Posted by MOZI32
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So we have a lower low...
