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Thread: EURUSD

  1. #18856
    FXTA's Avatar
    FXTA is online now Member
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    Well, we finally made it to the target from 2700+ area to 1.2875 and now I'm switched over to the Bear side for down moves. As i have said before.. The trend line im playing is a good resistance level to play off of so im in short. Below are my charts and analysis of what i was expecting and what i am expecting now. My short got triggered 1.2870 and my RR for this play is Risk 55 pips and Reward 600 pips. We'll see if the Bears come storming in, if however Bulls manage to close this above the TL.. I will back off immediately and re evaluate. Happy Thanksgiving to you all BTW.
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    Last edited by FXTA; 11-22-2012 at 12:43 PM.
    “There are no limitations to the mind except those we acknowledge.”

  2. #18857
    Gpalstrader is offline Member
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    Quote Originally Posted by FXTA View Post
    Well, we finally made it to the target from 2700+ area to 1.2875 and now I'm switched over to the Bear side for down moves. As i have said before.. The trend line im playing is a good resistance level to play off of so im in short. Below are my charts and analysis of what i was expecting and what i am expecting now. My short got triggered 1.2870 and my RR for this play is Risk 55 pips and Reward 600 pips. We'll see if the Bears come storming in, if however Bulls manage to close this above the TL.. I will back off immediately and re evaluate. Happy Thanksgiving to you all BTW.
    Hi FXTA, I'm not a long term trader, I'm more daytrader or swingtrader as well. Anyway, I think Euro has way throw 1.3000 at least, and the reason is because we had the highest volume traded from 2 years and a half, so be careful with you shorts. Good Luck.
    Volume is the soul of price.


  3. #18858
    Gpalstrader is offline Member
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    Ok, everything closed! +37 pips on EUR/USD AUD/USD. Have a nice day!
    Volume is the soul of price.


  4. #18859
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    Quote Originally Posted by FXTA View Post
    Well, we finally made it to the target from 2700+ area to 1.2875 and now I'm switched over to the Bear side for down moves. As i have said before.. The trend line im playing is a good resistance level to play off of so im in short. Below are my charts and analysis of what i was expecting and what i am expecting now. My short got triggered 1.2870 and my RR for this play is Risk 55 pips and Reward 600 pips. We'll see if the Bears come storming in, if however Bulls manage to close this above the TL.. I will back off immediately and re evaluate. Happy Thanksgiving to you all BTW.
    With you on this one.. though if holds out the drop still could be confine around to 2520-40....
    As for 2870, I have inclining TL now at 2915 and upto 2925 2moro.. A close above that is where I shift to long side.. I got me shorts but I think there still is one leg higher to properly test that TL . If not than this drop will make a move back higher possibly around from 2817-20..

    GL..
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    Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
    The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
    Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

  5. #18860
    vince1967 is offline Member
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    Hi

    Hope you had a great birthday ! thanks for your posts they always help newbies like myself . i went long at 1.2868 with a limit of 1.1915 my stop loss is 1.2850 . vince (UK)

  6. #18861
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    Quote Originally Posted by didoda View Post
    Not too simple...possible correction
    No problem

  7. #18862
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    Alejandro Zambrano is offline DailyFX Analyst and Forum Moderator
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    London session review and outlook November 22 - 2012
    Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.



    Regards

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  8. #18863
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    Operation: Abort ship

    Looks like Bulls nudged this baby up to close above resistance. Checked my mobile phone and saw price closed above and i bailed out immediately. Lets see what the market does now as the Bulls could possibly come storming in. Wont make a move yet but may look to long on a slight pullback. Off for some Turkey, see you guys later.
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  9. #18864
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    Happy thanksgiving Ms Merkel !! LOL

    http://screencast.com/t/Mi3C2yImn

  10. #18865
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    Screw it, I went long at 1.2882 on the close above Resistance and should play some support. Lets see if we get a surge to close the week. bears didnt put much of a fight here. Chart below explains why i ejected on the short and jumped in long.
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  11. #18866
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    Hoo
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    Hello all! This is my chart and waves counts. I have to admit that I know only the basic of Elliot Waves and I would appreciate if someone is here to correct my analysis. From what I am seeing on the chart, it seems that the waves 4 is exhausted but waves 5 may be a failure if the waves 4 go beyond the 50% fib at 1.29. If the downward waves 5 started, we will see 1.26 or below IMO. I am short with SL at 1.2920

    Name:  chart H.png
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Size:  108.0 KB
    Never rush, missed the bulls, wait for the bears, plenty of opportunities out there

  12. #18867
    Shaiju is offline GOLD MEMBER
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    Quote Originally Posted by FXTA View Post
    Screw it, I went long at 1.2882 on the close above Resistance and should play some support. Lets see if we get a surge to close the week. bears didnt put much of a fight here. Chart below explains why i ejected on the short and jumped in long.
    Now a days Euro Doesn't move against USD-Index. However my USD index Emerging pattern here. May help to trade on another pair

    Name:  emerging pattern.gif
Views: 527
Size:  24.6 KB

  13. #18868
    ali_l is offline Member
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    no doubt ,agree with,expected 4H bearish crab target ,
    first 1.2948
    second 1.3105
    Quote Originally Posted by vrshaiju View Post
    Now a days Euro Doesn't move against USD-Index. However my USD index Emerging pattern here. May help to trade on another pair

    Name:  emerging pattern.gif
Views: 527
Size:  24.6 KB

  14. #18869
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    Quote Originally Posted by Hoo View Post
    Hello all! This is my chart and waves counts. I have to admit that I know only the basic of Elliot Waves and I would appreciate if someone is here to correct my analysis. From what I am seeing on the chart, it seems that the waves 4 is exhausted but waves 5 may be a failure if the waves 4 go beyond the 50% fib at 1.29. If the downward waves 5 started, we will see 1.26 or below IMO. I am short with SL at 1.2920

    Name:  chart H.png
Views: 487
Size:  108.0 KB
    Hi Hoo, I'm not elliot wave expert but the very basic rule is that wave 4 shouldn't overlapping wave 1? I think this is more like ABCD correction.

    I think : 1 is A, 2 is B, 3 is C and this move up could be the 5th wave.

  15. #18870
    turmaz is offline Member
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    Quote Originally Posted by FXTA View Post
    Screw it, I went long at 1.2882 on the close above Resistance and should play some support. Lets see if we get a surge to close the week. bears didnt put much of a fight here. Chart below explains why i ejected on the short and jumped in long.
    good morning FXTA and every body

    good decision i always look forward to your posts

    i see two number as potential res if we close above then g2g bulls

    2909 and 2925

    gl

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