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11-20-2012, 03:51 PM #18676
Ι am with you, but my target is 1,2740. I am a little afraid...
Originally Posted by didoda
11-20-2012, 04:19 PM #18677
Im long. My target 1.2875 SL 1.2795
Originally Posted by kaktosaoz
11-20-2012, 04:35 PM #18678
I do. I also remember the briefcase watch. Remember that one, how many papers he was carrying? Seems insane but people watched.
Originally Posted by Gregory McLeod
11-20-2012, 05:17 PM #18679
For all the event risk today was tight choppy range. Generally I still think this will be a market to sell into, but the S&P500 could climb a bit further. Today the EUR seem to be around the same level as the previous day ahead of the close. So can't rule out further gains and further losses for USD/CHF look likely. But not much. The AUD is struggling ahead of last week's highs and so it should as the broken trendline is now resistance. I closed short EJ for a tiny gain and will try again if US stocks top out. On the weekly EJ chart I'm watching a falling wedge pattern which would be very bullish but probably not yet.
11-20-2012, 05:20 PM #18680
ascending triangle 1 hr chart?
Always In The Prosess of Learning...
It is a game of perception and experience afterall..
11-20-2012, 06:34 PM #18681
well, Bernanke hasn't moved price so be careful with shorts because the range of today is being accepted and we aren't in a OTF's area. I'm out of market till tomorrow morning in Madrid. Have a good night and good luck!
Volume is the soul of price.
11-20-2012, 09:30 PM #18682
It broke the uptrend line so might drop to 1.2773. Advance looks to be slowing down and it might be forming a round top under trendline resistance at 1.2842.
Originally Posted by nikolas
11-20-2012, 09:31 PM #18683
The pair has been in a multiyear complex corrective down trend since Jul’08. We prefer to view the setback from 1.4945 (May’11 high) as a wave (Y) of the large corrective pattern which is likely to retest the key swing low at 1.1870 on multi-month basis (a break lower is also possible). The rally from 1.2040 (Jul’12 low) could test the 1.3285/1.3485 resistance before reversing. A reversal below 1.2465/1.2300 would renew the bear trend. Medium term downtrend view needs to be reassessed if the currency breaks above 1.3840 (61.8% retracement level).
The short term pullback from 1.3170 could be a wave B which may be unfolding in a flat wave pattern. The pair is consolidating above 1.2665 in the near term in a wave (iv). The 1.2800/1.2920 resistance looks to cap now. A break below 1.2665 would test the key 1.2635/1.2465 support where bulls attempt to fight back. A reversal above 1.2920/1.3020 however refocuses on 1.3140/1.3170 initially.
Last edited by danko316; 11-20-2012 at 09:33 PM.
11-20-2012, 10:22 PM #18684
Short Term Watch, Europe appears to open 11/21/2012 3 AM New York time bearish. MACD Divergence To Pivot Level S2 on Hourly Chart
11-20-2012, 11:01 PM #18685
Risking 18 pips for a take profit of 56 pips here for this short term trade.
11-21-2012, 12:33 AM #18686
Originally Posted by sman1109
11-21-2012, 12:48 AM #18687
Morning, Stopped out with two pip and then down. Terrible.
Originally Posted by Joke
11-21-2012, 12:58 AM #18688
Eurogroup Fails to Reach Deal on Greece, Will Reconvene Nov. 26 - Statement [Dow Jones]
When in doubt , stay out.
11-21-2012, 01:05 AM #18689
Originally Posted by melbgirl
Just another rejection ahead of TL resistance from the 200 DMA. I wonder how many more can the bulls handle? But we're back in no man's land which is not fun. We need to get either above 1.2830 or below 1.2715 to have some clarity. If today is the BOE minutes day (yes it is) then the pound might help to undo some of the damage but I would probably carefully start shorting again on bounces. Carefully because they might drag Draghi out to talk it up. Or might cling onto hope that on Monday they pull the rabbit out of the hat.
Last edited by melbgirl; 11-21-2012 at 01:13 AM.
11-21-2012, 01:25 AM #18690
EURO USD hit my profit target before European Open at NYC time at 3 AM. I got 66 pip gain from it. So I think Europe will open Bullish now, by looking at technical channel, it is at bottom. Risking 27 pips for 78 pips, stop at 127250 and limit at 128300, entry now @ 127520
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