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  • #1,132,961
  • Sep 10, 2017 4:22pm Sep 10, 2017 4:22pm
Quoting digger1
{quote} May be good for a bounce. If it takes 1980 area out Ill be real tempted to short any rallys near 1980 for a poke to last weeks low {image}

that 70/80 area is a decent area, and its gotten some play, right now its a tad too close for longs for my taste, but if we drift up again tomorrow, I might consider it....
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Look Sharp/Trade Tight
  • #1,132,962
  • Sep 10, 2017 4:25pm Sep 10, 2017 4:25pm
Quoting PayTheLimit
{quote} that 70/80 area is a decent area, and its gotten some play, right now its a tad too close for longs for my taste, but if we drift up again tomorrow, I might consider it.... {image}
Thinking if it was to drop to your 1930 , 1990ish area may be a resistance point then ,,, kinda what I see ,, time will tell man, hope your weekend was good
  • #1,132,963
  • Sep 10, 2017 4:28pm Sep 10, 2017 4:28pm
Quoting Don96
{quote} :0 i see 28/29... after that im looking around 65 Edit: 31 not 28/29
was kinda looking at the open zone ,,,,,,,,a poke into there I will sht , weekly pivot 1st tgt area , may not get a good poke up there ,uj holding last quarters low atm
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  • #1,132,964
  • Sep 10, 2017 4:30pm Sep 10, 2017 4:30pm
Quoting digger1
{quote} Thinking if it was to drop to your 1930 , 1990ish area may be a resistance point then ,,, kinda what I see ,, time will tell man, hope your weekend was good
sure that's a possibility too, plus well see what other PA develops, and maybe some clues elsewhere, decent weekend bro, hope you had the same....lets have a good week everyone....
Look Sharp/Trade Tight
  • #1,132,965
  • Sep 10, 2017 4:32pm Sep 10, 2017 4:32pm
tempted to short some EJ at 130.13, but I've sworn off Sunday trading for a good few years, so's I better get the hell outta here....later...
Look Sharp/Trade Tight
  • #1,132,966
  • Sep 10, 2017 4:40pm Sep 10, 2017 4:40pm
Quoting digger1
{quote} I hear ya man,,,,KCCO man
Was hoping for a little more Gap Down...worth a few.

Meh!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,132,967
  • Sep 10, 2017 4:43pm Sep 10, 2017 4:43pm
Quoting digger1
{quote} was kinda looking at the open zone ,,,,,,,,a poke into there I will sht , weekly pivot 1st tgt area , may not get a good poke up there ,uj holding last quarters low atm {image}
highest volume of the day held at 31 on friday.... may still be some orders there... only problem i have is how close it is to the open.... 47 ill consider and 65 ill be shorting

heavy in AU short atm...the only thing i dont like is Asia high, as OnlineAddict said... not likely that Asia gets a significant high or the low before US/London tests it... more so with EU and AU being Asia side of the market may not have as much effect... we will see

as always, cheers and keep posting
  • #1,132,968
  • Sep 10, 2017 4:49pm Sep 10, 2017 4:49pm
Here's a top-down technical perspective on EURUSD.

On the daily time frame, price action has been respecting a support trendline (navy colour) from the low of April 17, 2017. However, price action has moved away upward to respect an inner support trendline (saddlebrown colour), which is indicative of an increase in northward momentum. As long as the inner trendline is intact, northward trading should be a more feasible bias than southward trading. The daily candlestick formed on Friday last week was miniature relative to Thursday’s daily candlestick and saw an attempt by sellers to resist further upward move of price action. Nevertheless, price action has been limited to operate within an ascending wedge and two price waves are evident within the wedge. Is this a toping formation? There may be need to wait for clarity in price action because a significant horizontal resistance zone (around the 1.21225 area) is less than 70 pips above the wedge while the immediate horizontal support is in the 1.19528 area, which is about 75 pips below the current location of price action.

On the H4 time frame, price action is consolidating around the distal end of an ascending wedge seen on the daily time frame and respecting a mini support trendline (magenta colour). Should the trendline be breached southward, price action is likely to target the proximal part of the wedge around the 1.19174 area and, by extension, may expose the monthly central pivot around 1.18800. Such a move is likely to be corrective in nature as the major technical outlook is bullish and the support trendlines on the daily time frame are still in tact.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,132,969
  • Sep 10, 2017 5:30pm Sep 10, 2017 5:30pm
My primary technical bias is neutral as there is little room for a bullish move given that price action is in a confluence zone of resistance on monthly time frame and 50 Fib retracement from a drop from the high of May 2014. Thus any rally upward is likely to present me a selling opportunity. Also, if price action breaks the mini support trendline (magenta colour) on the H4 time frame southward, I will look for a sell trading opportunity to ride the price to the proximal part of the wedge.

I may be wrong. Trade safe and prosper.

KP

Quoting KeenPips
Here's a top-down technical perspective on EURUSD. On the daily time frame, price action has been respecting a support trendline (navy colour) from the low of April 17, 2017. However, price action has moved away upward to respect an inner support trendline (saddlebrown colour), which is indicative of an increase in northward momentum. As long as the inner trendline is intact, northward trading should be a more feasible bias than southward trading. The daily candlestick formed on Friday last week was miniature relative to Thursday’s daily candlestick...
Do your homework, follow the footprints of smart money
  • #1,132,970
  • Sep 10, 2017 6:18pm Sep 10, 2017 6:18pm
Quoting ZenNy
{quote} I use the 200 for my position trading (60m)....tells me to look for set ups to get back in. on my day trading style the 20ema is an essential part of my trading (30, 15 and 5m). In a bull I always look for patterns near the 20ema for continuation: an abc pattern, a wedge (or 3 pushes down), a BOPB flag, a double bottom bull flag (or W pattern)....
what's a bopb flag ?
  • #1,132,971
  • Sep 10, 2017 6:48pm Sep 10, 2017 6:48pm
Quoting cvds16
{quote} what's a bopb flag ?
a break out pull back flag
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trading is simple but is simple is not easy.
  • #1,132,972
  • Sep 10, 2017 7:09pm Sep 10, 2017 7:09pm
Quoting ZenNy
{quote} a break out pull back flag {image}
Did you short any there at 24 after mkt open ?
  • #1,132,973
  • Sep 10, 2017 7:10pm Sep 10, 2017 7:10pm
I kept a long over the weekend from 2022.

What do u guys suggest? i'm have a bull bias atm
  • #1,132,974
  • Sep 10, 2017 7:23pm Sep 10, 2017 7:23pm
No mate, I rarely trade the Asian session, I normally start from Frankie open...I did Friday because there were good movement, I saw a H2 (abc or two legs) at the average for UJ and I entered.......I was too later for EU......

Pattern at the opening of the European session are more reliable for me......
trading is simple but is simple is not easy.
  • #1,132,975
  • Edited 7:36pm Sep 10, 2017 7:25pm | Edited 7:36pm
Quoting destroyer69
I kept a long over the weekend from 2022. What do u guys suggest? i'm have a bull bias atm
Well number one drop the bias lol , just trade dont matter which way mkt is going ,,,,,,,,,,,,,,Usually at some point in time during the day price will bounce to or near the days open ,,,,,, if it was me I would cut it then ,,,,,, may be sitting on a bit of draw down for bit if and when that happens ,,,,,,,, otherwise see if it bounces from weekly pivot 1992,,,,, hard call when its not your own money bud would think it should get to your entry point again
  • #1,132,976
  • Sep 10, 2017 7:44pm Sep 10, 2017 7:44pm
Quoting ZenNy
No mate, I rarely trade the Asian session, I normally start from Frankie open...I did Friday because there were good movement, I saw a H2 (abc or two legs) at the average for UJ and I entered.......I was too later for EU...... Pattern at the opening of the European session are more reliable for me......
I took a couple there at 24 , normally let it gyrate a little too , was hoping for a quick poke to weekly pivot,, hasent been quick tho lol
  • #1,132,977
  • Sep 10, 2017 7:47pm Sep 10, 2017 7:47pm
Quoting digger1
{quote} I took a couple there at 24 , normally let it gyrate a little too , was hoping for a quick poke to weekly pivot,, hasent been quick tho lol
same. i took 2. so annoyed at these price levels atm. i shouldve got my profit friday -_-
  • #1,132,978
  • Sep 10, 2017 7:49pm Sep 10, 2017 7:49pm
Quoting destroyer69
{quote} same. i took 2. so annoyed at these price levels atm. i shouldve got my profit friday -_-
I took some shorts ,,,,,,, if uj can make a new daily high here may just be enough to push it down some
  • #1,132,979
  • Sep 10, 2017 7:50pm Sep 10, 2017 7:50pm
Quoting digger1
{quote} I took some shorts ,,,,,,, if uj can make a new daily high here may just be enough to push it down some
oooo....shorts. didnt catch that part. oops
  • #1,132,980
  • Sep 10, 2017 7:51pm Sep 10, 2017 7:51pm
Quoting destroyer69
{quote} oooo....shorts. didnt catch that part. oops
lol,,,,,,, yes didnt think it registered.
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