DislikedSitting massively oversold probably will consolidate here before dropping another legIgnored
holding ~the MS 2 level - I'd like to see the S1 at 2212 so that I can pay my bar bill....
Trading Levels with WRBs
EurAnalysis Kindergarten 24 replies
DislikedSitting massively oversold probably will consolidate here before dropping another legIgnored
Dislikedholding ~the MS 2 level - I'd like to see the S1 at 2212 so that I can pay my bar bill....Ignored
Disliked2220 was pretty close to the 50% retracement
plus they took out the tight 2525 stops
edit: added short from 42 with tight stopIgnored
Disliked...From a technical perspective, I am focusing on the developments of the H4 chart. To me it is very much in a consolidation range of indecision. Looking at the chart below, I see a huge potential inverted H/S pattern which (if played out) could take us all the way up to 1.2750 area. The neckline on this inverted H/S comes in around 1.2440/45 area. On the bearish side, we also have a smaller potential H/S pattern on H4 with a neckline at 1.2220 and a completion target of 1.2040/50. There is lots of confluence with the above mentioned levels in terms of fibo levels and trendline/channel resistance/support, so those numbers make lots of sense. First level to be violated and the technical picture shifts. Until then, it could go either way...Ignored
Disliked1.2220 is exactly the 61.8% of the move up from the Draghi Thursday low
It is also the neckline of the slightly malformed H/S pattern on H1
E/U H1
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DislikedYikes why didn't I draw that fib!
I still don't think it will hold for long.Ignored
DislikedI don't only draw fibs from all major swings. I also draw them from the swing lows or swing highs immediately preceding a major shift in sentiment. Very important.
ADD: See? I'm not the only one.
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DislikedWeeeeeeeee! Weee, Weee, Weeeeeeeeeeeeeeeee!
Had to take wife shopping 10 minutes before the dam news release. Recap please.Ignored
Disliked70 pip drop in 5-10 mins followed by 40 pip bounce followed by more selling and lots of volatility as scalping long is worth it when RSIs are at 10, lol
or do you mean recap of FOMC statement?
I know some don't like ZeroHedge but you can't deny their analysis and charts have moments of brilliance. Sure they are a doom and gloom financial news website, but there is no reason not to be thinking doom and gloom at the moment, IMO
Bold is FOMC statement
Prayers Denied As Fed Disappoints - Full Statement Redline
Submitted by Tyler Durden on 08/01/2012...Ignored
DislikedHi guys,
Just woke up and see this. What a nice moves. GL and safe tradingIgnored
DislikedI don't only draw fibs from all major swings. I also draw them from the swing lows or swing highs immediately preceding a major shift in sentiment. Very important.
ADD: See? I'm not the only one.
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DislikedWho thinks the EUR will drop another 50-80 pips tomorrow? I do!Ignored
DislikedAll depends on Asia now. They haven't had a chance to react to the FOMC statement. As long as they don't have truckloads of USD to get rid of, then the pair might test 2170 overnight. I guess we'll find out soon enough.Ignored
DislikedThank you for the recap R2R. How did you do? I had a short at 1.2300 and A/U short at 1.0525.Ignored