Eurusd/gbpusd - page 1004
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best week signals
trade week no. 24h/5d,same no. all the week trade with the trend-enter on week no. week no. eu---2941,2946, 2951, 2985, 3001,3006, 3011, 3045, gu--, 6088, 6092, 6106, 6117, 6148, 6152, 6166,6177
week no. gu--6117, 6148, 6152, 6166 was signal buy----
olso week no. 3045 was signal buy------
olso week no. 6177 was signal buy------
stop out 3060 tp1 75p, tp2 59p, tp3 54p, tp4 49p
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A time to see what is going to happen next :
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While waiting to see what is going to happen to Greece, and while waiting what are the measures that the new France president is going to reject, I guess that I was right that the next level that is going to be tested is 1.27 roundish. If it goes there, the whole "forecast" is going to have to be reviewed ...
This thread started off talking about using Neural Nets as an indicator. . . after 1000+ pages, did that continue? What came of it?
Specific indicator/EA used? Bias rules?
Just curious. . . loves me some NN
EurUsd Downtrending?
Today's Euro Chart Pattern Analysis | A Look at the EUR USD Chart Pattern for May 11, 2012 - YouTube
The Euro began the week trading inside of a potentially bearish descending triangle chart pattern on the 1440-minute chart. During the first trading session of the week, the Euro broke through the support line of the chart pattern, completing the pattern and setting up a potential move down to the Autochartist target price level at 1.2817.
Not only was the descending triangle chart pattern a sign of lower markets to follow, but the series of lower-tops and lower-bottoms satisfied conventional chart pattern watchers that the main trend was down and that the currency pair was poised to move lower. Prior to the breakout to the downside, the Euro had established support along the 1.3000 price level. Now that the market has pierced this level, it is now new resistance.
With the Euro clearly indicating weakness, the only technical factor that is missing is downside momentum. If momentum begins to increase along with selling volume then the Euro is likely to continue lower the rest of the week into the Autochartist target zone.
Now that we've covered the 1440-minute chart or the larger time period, let's take a look at what Autochartist's chart pattern recognition program has to say about the 240-minute or intermediate time frame.
Because of oversold conditions, the EUR USD did not attract the selling pressure one would have expected when it broke through the major support at 1.3000. This set up a falling wedge chart pattern on the 240-minute chart. Although the currency pair tried to breakout to the upside through a downtrending resistance line, counter-trend traders wouldn't bite on the move and the breakout failed. With the Euro falling back into the falling wedge chart pattern and threatening new lows to end the week, traders have to conclude that this currency pair is in a weak position and likely to resume its firmly established downtrend. This intermediate chart pattern shows the importance of the 1.3000 resistance level.
no more post from borhter AVI?
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A time to rethink everything regarding EURUSD coming soon (1.27 is closer. if it goes under the next one will be 1.2 ish)
PS: I hope that all is OK with avi.