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  • #17,221
  • May 22, 2013 6:40am May 22, 2013 6:40am
Quoting T@rantula
Nice sell off into 2950. Ill show the chart later, why I was waiting for that level
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  • #17,222
  • May 22, 2013 7:09am May 22, 2013 7:09am
No reversal pattern in the zone. Momentum is too high. We need to wait for momentum to slow down.
  • #17,223
  • May 22, 2013 7:38am May 22, 2013 7:38am
15m bearish tweezers at the top. 25 pippers on that setup. It might go more to the downside but yet again it was a good trade for anyone that took the setup.

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  • #17,224
  • May 22, 2013 8:52am May 22, 2013 8:52am
In 15 minutes we will be holding a completely FREE webinar about ADVANCED BEARISH CANDLESTICK PATTERNS.

Feel free to sign up HERE.
  • #17,225
  • May 22, 2013 10:53am May 22, 2013 10:53am
Hello all
was very busy last days and no time to just look to chart but now i got a chance
things looks bearish in Ugly way
i got half plan where my tp and sl just need good entry to sell "hope i got one before sink "
Plan finished placed sell limit orders when hit will tell
catch u tomorrow
  • #17,226
  • May 23, 2013 1:50am May 23, 2013 1:50am
Today I have spotted a pattern which I like the least. In fact i dont like it. Its called MEGAPHONE pattern. Its a ranging pattern which usually appears in ranging markets. Sell entries are to be found between 2900-2915 as we have a confluence of 50.0fib and strong resistance levels. If it proceeds further above 2915 with a strong momentum we should buy into retest targeting 2950.

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  • #17,227
  • May 23, 2013 2:38am May 23, 2013 2:38am
Quoting T@rantula
Today I have spotted a pattern which I like the least. In fact i dont like it. Its called MEGAPHONE pattern. Its a ranging pattern which usually appears in ranging markets. Sell entries are to be found between 2900-2915 as we have a confluence of 50.0fib and strong resistance levels. If it proceeds further above 2915 with a strong momentum we should buy into retest targeting 2950. {image}
2930 strong R very important point
watch it in 4h and daily
  • #17,228
  • May 23, 2013 4:17am May 23, 2013 4:17am
Quoting egkid
{quote}2930 strong R very important pointwatch it in 4h and daily
Hey EG, yes im watching it too. If we get into a potential sell setup later, It should be 2840 again as TP. TBH, I dont like megaphones.
  • #17,229
  • May 23, 2013 4:32am May 23, 2013 4:32am
Quoting T@rantula
{quote} Hey EG, yes im watching it too. If we get into a potential sell setup later, It should be 2840 again as TP. TBH, I dont like megaphones.
in my view PA will visit 1.30 again maybe weekly close
tomorrow will b interesting
hope we can talk later today or tomorrow on Skype we haven't for while
  • #17,230
  • May 23, 2013 8:23am May 23, 2013 8:23am
Quoting egkid
{quote}in my view PA will visit 1.30 again maybe weekly closetomorrow will b interestinghope we can talk later today or tomorrow on Skype we haven't for while
Ill be on Skype mate, we will talk.
  • #17,231
  • May 23, 2013 1:17pm May 23, 2013 1:17pm
Quoting egkid
{quote}2930 strong R very important pointwatch it in 4h and daily
1h chart and look how 1.2930 Play
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  • #17,232
  • May 23, 2013 9:16pm May 23, 2013 9:16pm
Quoting egkid
{quote}1h chart and look how 1.2930 Play {image}

morning
war under 2930 open small tf and watch it
  • #17,233
  • May 24, 2013 1:21am May 24, 2013 1:21am
Hello guys, today we have inverted head and shoulders on H1 TF, so we might get a test of 2985-3000 zone. The break of 2985 zone points to 3010.

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  • #17,234
  • May 24, 2013 1:23am May 24, 2013 1:23am
Quoting egkid
{quote}in my view PA will visit 1.30 again maybe weekly close tomorrow will b interesting hope
2970 broken
cya later
  • #17,235
  • May 24, 2013 2:29am May 24, 2013 2:29am
Quoting egkid
{quote}2970 broken cya later
Excellent call mate! Im watching a possible break of 2998
  • #17,236
  • May 24, 2013 4:41am May 24, 2013 4:41am
Today, the exchange rate will reach 1.3050
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  • #17,237
  • May 24, 2013 7:15am May 24, 2013 7:15am
Today we had another example of profit taking. Profit taking usually happens on Fridays around London Noon ( +0.30/1h). On this chart we see an example of profit taking that happened at noon today. Technically EURUSD is bearish after profit taking as long as i is capped below 2960, so some short trade should be placed around 2955 where historical sellers are. If it jumps above 2960 it is prone to test 2985 again.

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  • #17,238
  • May 24, 2013 8:09am May 24, 2013 8:09am
Here is how I calculated another short position mentioned above.
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  • #17,239
  • May 27, 2013 2:32am May 27, 2013 2:32am
Today's a memorial day in USA so the banks are having holiday. My rule of thumb is never to trade on Bank Holidays.
  • #17,240
  • Edited 2:02am May 28, 2013 1:53am | Edited 2:02am
On H1 TF, Price has retested 2928 the neckline of H & S pattern. The targets for this move are 2880 and 2840 if the price proceeds with a further drop. The neckline has already been retested, so If the price moves above the neckline, we may cancel bearish setups.

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