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- andys0506 replied Jan 9, 2009
I'm looking at the hourly chart. My daily R1 is at 823 so I would expect a bounce off that hence my TP at 820
EURUSD
- andys0506 replied Jan 8, 2009
I'm trying to learn all the time - how can you tell that there is presuure to the downside - or is it just a feeling that you have? FWIW my 'feeling' is that its trying to break up thur 749 level and then onwards and upwards to a new high
EURUSD
- andys0506 replied Jan 8, 2009
Nice 15min pin bar forming. Bounced right off the 50% fib. Good signal that up leg will resume
EURUSD
- andys0506 replied Jan 7, 2009
Look at this, 50% fib (1.3637) on daily chart reached almost to the pip, and now we go down.
EURUSD
- andys0506 replied Jan 7, 2009
This is ridiculous, people saying up, people saying down. Do me a favour, pull up a 1 hour chart. Look which way the trend is. Check for swing highs/lows if you are really struggling. Now you should be able to see that we are in a downtrend as long ...
EURUSD
- andys0506 replied Jan 6, 2009
anyone else think that today we have hit the bottom and it wil be up from here?
EURUSD
- andys0506 replied Jan 6, 2009
Look at the 15 min chart - whipsaw galore. Pick your direction and stick with it.
EURUSD
- andys0506 replied Jan 6, 2009
In my experience, news is used as an excuse for price movements. Trend is down, I would expect it to go that way after the news, be it fundamentally good or bad for the EUR/USD.
EURUSD
- andys0506 replied Dec 30, 2008
ditto Currently long from 173, looking for 247 (daily R1) where I will tighten stop, then around the 300 level (downtrend line from Dec 18 peak) before a retracement back down a little.
EURUSD
- andys0506 replied Dec 18, 2008
I'm one that believes we will see 86x today. 866 is the daily high back on 22nd Sept. 862 is the 38% extension of todays move. That sounds like confluence to me. So if we see todays high of 719 go, then high probability of it going to the 860 region ...
EURUSD
- andys0506 replied Dec 18, 2008
This looks strong to me. Setting up nicely above R1 (olive) and the fibs. Although 602 is proving hard to get past at the moment. Opinions... (btw pink fibs are yesterdays high/low)
EURUSD
- andys0506 replied Dec 18, 2008
I think if this hourly candle closes above 570 we could be going higher again. Sit and wait for next half hour ...
EURUSD
- andys0506 replied Dec 18, 2008
570 is R1, we need a break to the upside of that level before I consider another long now.
EURUSD
- andys0506 replied Dec 18, 2008
I draw my fibs from day high/low They seem to be more consistant.
EURUSD