This might be a fake out push to the downside below 945. Wait to see how this hourly bar ends and the next opens. image

EURUSD

Hi Bo, great thread by the way. One question on your target fib levels. Why do you use 1.34 and 1.55 rather than the conventional fib extensions of 1.38 and 1.61?

Fibonacci Trading with Bobokus

May see some turbulence at 2980 as its 61% fib (4 hour chart). A break below (expected) will signal further drop to 2800 or thereabouts at least

EURUSD

Weekly pivot point alert! — Watch 1.3041, that will be the point of no return (for a day or so anyway )

EURUSD

Key Daily fib level in play here — 1.3225 is 23% fib on the daily chart. If that one breaks then we can go down to 1.3040 short-term (weekly pivot point) and then to 1.2765 area. Trend still down (just about!) Watch 225 closely and go short on ...

EURUSD

The Jan 6th low also coincides with the weekly R1 level at 3311. Look at a 4 hour or hourly chart and see the rejections.

EURUSD

Retracement, now back up — Anyone else see this fall as a retracement of yesterdays and todays move up. Seems to have pulled back to the 38% level. I'm now long here off this level Opinions?

EURUSD

Jim, why do we use a 89 MA?

EURUSD

Anyone think we have bottomed around about now? Daily chart:

EURUSD

Oh look down it goes, not rocket science. The indecision in the market is designed to confuse and whipsaw you out. Looks like thats exactly what happened this afternoon. Watch S1 for potential bottom today, around the 800 round number

EURUSD

For one it aint a double bottom, the bottoms are at 844 and 849. And secondly since when did relevant reason mean anything in the market?

EURUSD

Here here

EURUSD

As predicted its heading down, you guys are hilarious. Listen, the market will play on your emotions, take out stops only then to reverse in the direction you originally were in. Don't be looking at charts below 1hr timeframe (unless purely for ...

EURUSD

sounds sensible I have 912 as a daily fib level

EURUSD

hmm all gone quiet - funny that. All spouting off when it starts moving, market takes your money, and then you lose your tongues.

EURUSD

Are you long boys certain. Why do you feel that 3100 is on the cards? Light blue line is daily PP by the way.

EURUSD

This is just normal action where we are seeing traders stocking up on short positions as the price retraces slightly. Trend is clearly still down. Can't see the daily PP at around 953 being broken as PA hasn't shown any real strength today, so thats ...

EURUSD

I have a question or point to make: I have noticed that many many people on here will have an opinion - it will rise, it will fall. Thing is 50% they're right, 50% they're wrong. However I have noticed that a few individuals post opinions, supported ...

EURUSD

Wow to the pip! How did you get this value?

EURUSD

Why do Oanda charts only have 3hr and not 4hr? Are they as reliable or should I avoid using the 3hr?

EURUSD