| || |
12-20-2012, 10:21 PM #21391
In the last two days we have a high, a low, a lower high and now a lower low.
this is overly simple and is not a trading indicator per se but does speak to a reversal of the recent trend.
12-20-2012, 10:56 PM #21392
I agree If this becomes a wave three. Right now it is a completion wave from todays high wave (5) If it somehow moves up past 11.3226 and makes this move from the high the first wave in a three wave move south.
Originally Posted by stkelrey
12-20-2012, 11:12 PM #21393
What is interesting to note is that USD/CHF bounces remain shallow (EUR/CHF looks subdued as well) and it's stalling again near the trendline it broke through at 0.9150 that connected the 3 troughs. So basically the fiscal cliff negotiations have been put on hold for Christmas, but will continue after so a deal of some sorts can still give hope to risk bulls.
12-20-2012, 11:29 PM #21394
and runway to bears, sounds like volatility.
Originally Posted by melbgirl
12-21-2012, 03:31 AM #21395
Morning all, lets see what happens, looks like 3214/15 putting in a ceiling on 5M
12-21-2012, 03:35 AM #21396
Goodmorning all...out of my 3305 shorts... i believe there is a chance we reach 314ish where i'll consider longs...the new year can find euro above 33ish though...
- A game of Patience -
12-21-2012, 03:47 AM #21397
the move i'm watching 8hrs...no close above 138.2 ext...shallow and sharp w4...possible visit to the 314ish where the 38.2 ext of the move is...
- A game of Patience -
12-21-2012, 03:50 AM #21398
EUR N YEN ...
While yen is at current supp, main drop structure tgts 83.40-44..
EUR on 2 hrs plain and simple, while 3213-15 for now and slightly higher later is immediate resis, main resis lies slightly higher around 3238-44 (inclining as well)... Overall expecting a 3155-3242 range on euro..
The drop tgts 3155-60 if 3215 roughly holds out........
EJ can drop down to 110.27-31 for that matter... Though 110.53 is initial supp...
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...
12-21-2012, 04:25 AM #21399
Strong Support EURUSD 1.3185 Area, USDindex 9920 Area
I think we going to see 1.324 first, before we go any higher or lower.
Break of the US dollar index 9920 could take the EURUSD higher
Break of the EURUSD 1.3185 area could take the EURUSD lower
The trend, is my friend... :-)
12-21-2012, 05:20 AM #21400
Good morning traders. My indi produced 2 long entries. One yesterday @ 1.3232 and one today @ 1.3200. Exit targets @ 1,3265+ and 1.3235 respectively. Thank you.
12-21-2012, 07:03 AM #21401
I am new here and have been reading this thread for just over a month.
In stead of just reading this thread I am going to try to shear my trades hoping that will improve my trading as I am fairly new fx trading.
E/U short 1.3220, aiming for 1.3140 and than 1.3060
U/CHF long from 0.9122 T/P open
E/AUD short from 1.2668 T/P open
Hope it is ok to post all my trades because they corralate strongly with E/U.
12-21-2012, 07:13 AM #21402
further support for the EUR / USD
1.3155 and 1.3125
12-21-2012, 07:22 AM #21403
nice! You sure about being new? Impressive!
Originally Posted by falungong
The Path to Wealth cannot be a straightforward one. Stay Clear of those who think otherwise.
12-21-2012, 07:29 AM #21404
14 months now staring at the screen.
12-21-2012, 07:53 AM #21405
Targets revision: exit above 1.3265 (long @ 1.3200) and 1.3285 (long @ 1.3232). Thanks
Originally Posted by speedrunner
Tags for this Thread
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The possibility exists that you could sustain a loss in excess to your investment and therefore you should not invest money that you cannot afford to lose. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. FXCM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.