EUR/USD

yes there is MA cross at your chart which is matching with my fibo level of ~1.3043 that level need watching ;)

EA saved itself. good.

walker.

lenjive posted:
i agree with the prediction, BUT im holding off being short at the moment as im not so sure the market has enough power to dip below the 1.3050 support level, going to wait and see. EDIT my 20,50 &100 MA's are all comming in into the 1.3050 area on the M15 chart now too, the 200 just above

if 1.3030 arrives, then ill try long again,

oh, PS., one good thing today is i managed to full hedge my EA shorts whilst we touched 1.2995, that alone has saved me an additional 7%DD today ;), that has put me at rest a little

things are adding up for a bounce up @ 1.3030,

well in my head any ways :)

my level for bounce is 1.3033

same as your forecast.

watch 1.3043 carefully. it rejected once.

lenjive posted:
things are adding up for a bounce up @ 1.3030,

well in my head any ways :)

20-09-2012 rollover

see you tomorrow

walker.

I see now first short towards pivot, which I have @ 1.30413

that it is,

i think you will do quite well with that short, waiting to see what happens here, looks interesting with BB's on M15 with the 1.3043 level coming into play


 

stevewalker posted:
there is a critical level of 1.3047/3043
it can reject from that level.

watching closly.

walker.

stevewalker posted:
see you tomorrow

walker.

speak tomorrow, lets get some pips!

good day

1 short winner
1 long looser

as said yesterday , I do not like pending orders. if I would see the action %70 would not enter that long.
so shouldbe more carefull when using pendig.

walker.

i have also lost my longs, currently trying to determin trend yet,

1.3043 hold & rezist 2 times before down move.

funny thing is main support 1.3030 has did nothing.

walker.

lenjive posted:

that it is,

i think you will do quite well with that short, waiting to see what happens here, looks interesting with BB's on M15 with the 1.3043 level coming into play


 

stevewalker posted:
there is a critical level of 1.3047/3043
it can reject from that level.

watching closly.

walker.

yes that move against our plan & should build a new one.

walker.

lenjive posted:
i have also lost my longs, currently trying to determin trend yet,

the action did not surprized me due this is commonly seen action.

but what surprize me is that is happened when price was in a strong bullish move.

or may be the bullish move ended??

walker.

there is a big down gap at daily chart.

there is only 1.2820 then 1.2725

any idea?

walker

expectations of the Big Boys have been ALL the time that EU will hit 1.16 by end of this year, I expect that still to happen if you look at the higher TF charts.
This is NOT a change in direction, just a strong retracement, EU is still in a downtrend

when I was going to sleep it was boucing on 1.3043
in the morning it is bouncing on 1.2933

huh....

I was expecting the same thing. but 1.20x is the %50 fibo level of since euro relesed means 1999

so I was expecting a touch to 1.35x area before breaking that level

FreddyFX posted:
expectations of the Big Boys have been ALL the time that EU will hit 1.16 by end of this year, I expect that still to happen if you look at the higher TF charts.
This is NOT a change in direction, just a strong retracement, EU is still in a downtrend

to be honest I am still not expecting the breaking 1.299x level on daily chart.

so today I will WAIT and see if daily will break that level or not. ( close below that level at daily )

and trade with 1 min chart

walker.

PS : sometimes not trading is more profitable then trading!