Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
1...183418351836183718381839184018411842184318441845184618471848...3077
subway90
Posts: 1078
13 years ago
Apr 19, 2011 12:46
4225 stopped out...

shorted again 4310.... tp 4230...

if it manages to break above 4350... could extend to 4390/4400 enroute to 4440/50...
PureStones
Korea Sout
Posted Anonymously
13 years ago
Apr 19, 2011 11:14
eur/usd may stress test 1.43s(below) if fail go south 1.41s looks.
Machiavelli
Posts: 113
13 years ago
Apr 19, 2011 11:02
a/ the contrarian view does not work b/ you're interpreting it wrong. I opt for b/ since the contrarian view looks for reversal of current flows, thus the first wick that is pointing in the direction of the (then) current flow is not a proper signal and the second wick gave a valid contrarian signal (reversal). Plus on h4 the first wick doesn't show up, whereas the second was still clearly visible as a reversal signal. That was my point. And now I'm eagerly awaiting another signal may it be reversal or continuation. I expect the down trend to continue but we'll see. gl/gt
Rezz
Vancouver, Canada
Posts: 53
13 years ago
Apr 19, 2011 8:46
@Machiavelli, well the second hr after that one is pointing to the exact opposite.. However, you can also interpret it as profit taking at that time, and not necessarily a solid long signal so soon after a 150 pip drop.
New Pip
birmingham, UK
Posts: 84
13 years ago
Apr 19, 2011 7:40
Hey guys

I've gone long Eur/Usd at 1.4226 - SL - 1.4203 TP - to be confirmed

Whats scary is that I've gone against Subway - Fingers crossed
Machiavelli
Posts: 113
13 years ago
Apr 19, 2011 7:39
What does the contrarian view say about the 2nd hourly after the one you referenced?
Rezz
Vancouver, Canada
Posts: 53
13 years ago
Apr 19, 2011 6:53
jacek, for what its worth take a look at the EURUSD 1H candle some 16 hours ago. The one that opened and closed near its bottom 1.4270 ish.. range (1.4264 - 1.4349). I am assuming that this is when the warning on the US debt came out? Well if everyone panicked to buy Euros, or those who were short decided to cover their positions because of the bad US news, then some big money must have sold the Euro into this news upon such high volume?? The contrarian view is that the price will not go back to that level in the short term, likely heading down.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 19, 2011 5:33
sorry to go against you again subway90.. but euro starting to look better by every passing hour or 4h.. Yes Sir I might go along for a big swing with you..
subway90
Posts: 1078
13 years ago
Apr 19, 2011 4:17
short E 4225... tp 4130... s/l 4250
Nor
Lemberg, Canada
Posts: 249
13 years ago
Apr 19, 2011 2:10
you wish...
Report Reply
1...183418351836183718381839184018411842184318441845184618471848...3077