EURUSD

I was thinking about that too, but it's a tricky time of day(London lunch, NY Open), so i'm still waiting for better PA, also looks like a reverse H&S forming on the 15m chart.

it looks like we might test 1.2805 again today. if we continue to move below 1.2805 our next target could end up being 1.2700.

my current orders are at 1.2900 right below R1 and at 1.2878 below FE 100.0

+70 for today......

Closed for a + few pips, seeing oil dip is worrying me in the short term, look for reenetry. Plus I have to go gett eh kids on the buss, bbl

Gold is now up...Oil coming back...this is tough call, but somethign is going to happen...I am sure I will standing int eh snow at the bus stop ...

eu will try to retest high today.

Tested 60SMA on 15 min, sooo we will see..

Ok, i entered a small scalp @1.2858, 10 pips SL, 2% risk.. Target is depending on PA, but i'd like that 1.2900

popped in a sell at the 89sma on the 15m bounce..... come on 27xx ! ;-)

Have a great day all. Off to set.....

And thats almost exactly what happened.

Chart 1
The only excitement was the brief effort to hit R1, but was rejected w/o making it, never even got close after that... typical ranging between the BB's, and Pivots.

The Central Pivot ((green line)) was the star of the show last night when price was unable to clear either the Dp or M3... It just kept pulling price back to it all night long.


Chart2
I have one running short today with a wide stop from 2884 waiting for the lower levels to open up. I'm seeing a weak H&S here on the 2hr... Current shaded candle in 2hr closes at 8am CST, about 15 minutes.

The weakness here is it's not much of a climb from 2700, therefore not much of a reversal, either but the TF is high enough to offset all that and the PA is what it is for now. Then again, it could also just be more ranging at this level.

This is where TA can get tricky when you start seeing things everywhere... but sometimes you have to be flexible... That's trading.

The 1hr line style chart ((not posted here but you can switch to it on your Mt4 charts easy enuff)) shows it clearly, but with 2 right shoulders...((actually lending weight to the ranging theory...)) but I'm happy enuff with the 2hr picture tho to take the trade. The candle close may help clarify things in a few minutes.

If it does in fact drop, then I don't care what it's called in the books... it's a TP in mine.

Target is down a'rd current Previous Low / S1 / Lower BB and I'm Off for a few hours. Trade careful.

Hi Kujo,

Do you mean a sell stop? My 89sma on 15m is down at about 2843. Where is yours? I ask in case I've got something wrong. I can of course post the chart if we are in disagreement. Thanks for the help.

you too k.

typo, I meant to say off the 1H.
scalping off 1m chart but watching higher TFs for s/r.

might have a nice H+S on the 30m here.

revisit 2748 anyone ? ;-)

off to work..... down baby down...

USDCHF long 1,1528 is in

Possible H&S on 1H

I see it now. Thanks.

Over 1.29...this time i think it might be for a while...

It's almost perfect if the EUR were to sink to the 12800 neckline in the next 3 or 4 hours.

PA still doesn't convince me that the bull move has ended, i closed half the position for a few dozen pips, moved SL up to positive and will let the rest go.

Either way i'm scalping, in the next minute i may well be shorting this b*s*a*d

and now it will go down
what the hell is happening, why eur is going up so strong?

Im scalping...no miracles for me