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  • #12,401
  • Jul 1, 2009 10:52pm Jul 1, 2009 10:52pm
Quoting Iron-man
Excellent resistance area 1.4634 to 1.4582
Don't ignore the 3 spikes (1.4310, 1.4365, 1.4439) below the S&R area to the left either as they can offer reactionary areas as well.
Iron-man,
an additional view... i have it posted (pre-June month-end) here:
"for now i'm interested to see how eur$ will end June & what July brings...
eur monthly bar/candle is poised to close as a neutral bar with a 600+ pip range, compared to last month's up bar with a 900+ pip range.
From March, the sequence seems to be up bar (March), pause (April), up bar (May), pause? (June)... will this continue? Let's see. "
  • #12,402
  • Jul 1, 2009 11:15pm Jul 1, 2009 11:15pm
You are very brave to trade the UC all the recent activity whic is purely driven by the SNB, so its hard to apply any real analysis to it when there is such an agenda in play and can be played at any time with such alarming forcefulness.

Thats not to say that the other reserves aren't playing agenda's on their own currencies, perhaps they are less obvious making it more tradeable by the rest

Simon
99% of Traders fail, so don't follow the herd
  • #12,403
  • Edited Jul 2, 2009 5:18am Jul 1, 2009 11:17pm | Edited Jul 2, 2009 5:18am
Steve/anyone how does this one look?

edit - good for about 35pt bounce against trend. I hit first target but overall lost money on the trade.. Trade management is key.
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  • #12,404
  • Jul 1, 2009 11:34pm Jul 1, 2009 11:34pm
dingo432,
good eye.... A possible scenario.
Let's see how it plays out later, specially with the expected volatility around the US employment data & ECB news conference.

Let's see if we will, in turn, get an upside or downside gbp$ range breakout, (finally )...
  • #12,405
  • Jul 1, 2009 11:54pm Jul 1, 2009 11:54pm
Thanks SC - trying to post a couple here daily to help me get clear and plan better and prevent the killer impulse trades...

Yes anything could happen tonight - would be nice to get a stop to b/e on something to see if can get a ride...

All the best

[quote=supremeChaos;2844323]dingo432,
good eye.... A possible scenario.
Let's see how it plays out later, specially with the expected volatility.....quote]
  • #12,406
  • Jul 2, 2009 12:15am Jul 2, 2009 12:15am
dingo432,
yes, Do continue to post charts here. it's a symbiotic endeavor: u learn, we learn, whether what u post is correct or not.
& yes, when u post, u tend to think more seriously about your analysis ---one by-product is what u've just said: less impulsive trades.

i often say:
"The more we post, the faster we learn, the better we get"
  • #12,407
  • Jul 2, 2009 12:19am Jul 2, 2009 12:19am
Head & Shoulders here on the daily

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  • #12,408
  • Jul 2, 2009 1:13am Jul 2, 2009 1:13am
And fittingly that was your 1000th post! Congrats

Quoting supremeChaos
dingo432,

i often say:
"The more we post, the faster we learn, the better we get"
  • #12,409
  • Jul 2, 2009 1:46am Jul 2, 2009 1:46am
Head & Shoulders forming on the daily chart, right shoulder forming at around 86.00

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  • #12,410
  • Jul 2, 2009 2:23am Jul 2, 2009 2:23am
Quoting baggermatsch
much more confirmation as i tought.

as well the weekly R1 resists.

ill take that too
i decide not to be greedy.

target reached, +50 against the maintrend.
  • #12,411
  • Jul 2, 2009 4:27am Jul 2, 2009 4:27am
Quoting supremeChaos
dingo432,
yes, Do continue to post charts here. it's a symbiotic endeavor: u learn, we learn, whether what u post is correct or not.
& yes, when u post, u tend to think more seriously about your analysis ---one by-product is what u've just said: less impulsive trades.

i often say:
"The more we post, the faster we learn, the better we get"
Thank you for the nice post.

My trade for the day is the C$.
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Year of the Dragon Wise Choices-Good Fortune!
  • #12,412
  • Jul 2, 2009 4:40am Jul 2, 2009 4:40am
Hi RC,

I have figured out possible S/R is 1.40 45 60 70 80. but not 1.4054... Why I always figure out value differently?

Cheers,

KK
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  • #12,413
  • Jul 2, 2009 4:48am Jul 2, 2009 4:48am
Quoting dingo432
And fittingly that was your 1000th post! Congrats
dingo432,
i was correct, u have a good eye.
It seems my 1000th post is ominous.... that we will be doing well in the future. Hopefully sooner than later! we just have to continue on what we're doing...



chanchu,
Glad to be of little help. Just keep it up!
  • #12,414
  • Jul 2, 2009 5:19am Jul 2, 2009 5:19am
Quoting kk007
Hi RC,

I have figured out possible S/R is 1.40 45 60 70 80. but not 1.4054... Why I always figure out value differently?

Cheers,

KK
Hi KK

Your line at 14045 could be good local s/r but 14053 has some history behind it, starting on 22 May.

This is a 4hr chart.
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  • #12,415
  • Jul 2, 2009 5:24am Jul 2, 2009 5:24am
I added a post mortem to a level highlighted earlier today

http://www.forexfactory.com/showpost...ostcount=12403

Does anybody know the time limit to edit posts? I'm not able to add updated charts to my older posts.....
  • #12,416
  • Jul 2, 2009 5:53am Jul 2, 2009 5:53am
If Eur/Jpy breaks 1.3600-1.3597, I think very good long opportunity is 1.3568. It is seen on weekly and not once it was high / low on weekly chart.
  • #12,417
  • Jul 2, 2009 6:49am Jul 2, 2009 6:49am
Quoting dingo432
I added a post mortem to a level highlighted earlier today

http://www.forexfactory.com/showpost...ostcount=12403

Does anybody know the time limit to edit posts? I'm not able to add updated charts to my older posts.....
Click 'Go Advanced'
  • #12,418
  • Jul 2, 2009 8:12am Jul 2, 2009 8:12am
Quote
Spike base caused by the SNB Intervention

Sir BRV,
your call for a buy, for now, was missed by 9pips!
price stalled around 1.5191 (small range low prior the 2nd run-up of the SNB intervention, H1 chart), slowly inched its way up, successful test then a huge M15 up candle --it shot up for 51pips total (IBFX MT4).
Let's see of price will still visit the 1.5180 area.
Good call, still, imho.
  • #12,419
  • Jul 2, 2009 8:29am Jul 2, 2009 8:29am
long ?!
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  • #12,420
  • Jul 2, 2009 8:46am Jul 2, 2009 8:46am
We've seen this before.
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