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  • #240,741
  • May 12, 2010 3:11am May 12, 2010 3:11am
Quoting Jhig
See a lot of traders playing the short a little too early on Twitter. Lot of stop loss being twitted.

Price action should bounce off the trendline on the 1h heading into short territory unless price decides to break through trendline.
nah ! bull cooking something . trend in trend both up in m30, h4 already up since last night , h1 still the next bigger trend to lift up.
Now 1.2720/34 play come back , shorts there to reinstitute.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #240,742
  • May 12, 2010 3:11am May 12, 2010 3:11am
Quoting Jhig
To be honest, I don't believe many traders caught that run. Price action seems lot more uniformed than EU. I think price may continue upwards as I see an triangle on 1h. Price action just slightly broke upwards on the triangle.
GU new candle also making a run upwards. Expect more long run, as price just broke out of triangle
  • #240,743
  • May 12, 2010 3:11am May 12, 2010 3:11am
No trade for me until i see something clearer

Good luck everyone!
COT: The precious data ignored
  • #240,744
  • May 12, 2010 3:11am May 12, 2010 3:11am
Looking to short @ 1.2713/15 area.

Let's see what happens.

Happy hunting, fellers.
  • #240,745
  • May 12, 2010 3:12am May 12, 2010 3:12am
EURO-DOLLAR: Above $1.2700 and challenging the topside of the reported
sell interest to $1.2710. A break and clear above here to open a move
toward $1.2720/25 ahead of stronger area between $1.2750/60 (area of
highs Tuesday NY/Europe).

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,746
  • May 12, 2010 3:14am May 12, 2010 3:14am
Quoting fontu
nah ! bull cooking something . trend in trend both up in m30, h4 already up since last night , h1 still the next bigger trend to lift up.
Now 1.2720/34 play come back , shorts there to reinstitute.
fontu
I'm nowhere close to taking a short yet. Based on GU I do believe price action may continue upwards a bit more. As soon as I get a reversal candlestick formation, I'll then take it short. I'm out at the moment and not planning on entering any trades until my short present itself. Though I have just cleaned up on the GU upwards move.

I was just stating a lot of traders on twitter are taking short position way too early. Price isn't ready for short, yet.
  • #240,747
  • May 12, 2010 3:16am May 12, 2010 3:16am
pulling weeds!
  • #240,748
  • May 12, 2010 3:17am May 12, 2010 3:17am
From Dailyfx Twitter: $EURUSD: Climbs to 1.2700 on the back of solid Italian GDP data. The Usd continues to fall broadly as Cable retakes 1.5000 level.
  • #240,749
  • May 12, 2010 3:17am May 12, 2010 3:17am
So do E/U, G/U, G/J, and perhaps A/U all kinda of follow in correlation?
  • #240,750
  • Edited 3:21am May 12, 2010 3:17am | Edited 3:21am
Look at this the EURUSD = USD Index. Tell me doesnt that look like a double bottom. This is on the 4hr.
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He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #240,751
  • May 12, 2010 3:20am May 12, 2010 3:20am
Quoting Tsudo
So do E/U, G/U, G/J, and perhaps A/U all kinda of follow in correlation?
They're all correlated to some degree, but that doesn't mean they necessarily move with or against.
  • #240,752
  • May 12, 2010 3:23am May 12, 2010 3:23am
Quoting Mr J
They're all correlated to some degree, but that doesn't mean they necessarily move with or against.
Gotcha. I always watched G/U and G/J moves when trading G/J; and E/U and G/J when trading the E/U...but wasn't sure as to how much they were correlated. So when people are talking about G/U taking E/U up with it, that was kind of new to hear.

Thanks, Mr J.
  • #240,753
  • May 12, 2010 3:23am May 12, 2010 3:23am
Quoting Jhig
I'm nowhere close to taking a short yet. Based on GU I do believe price action may continue upwards a bit more. As soon as I get a reversal candlestick formation, I'll then take it short. I'm out at the moment and not planning on entering any trades until my short present itself. Though I have just cleaned up on the GU upwards move.

I was just stating a lot of traders on twitter are taking short position way too early. Price isn't ready for short, yet.
as much as I wanted to short her here but I cant when looking at €chf it tells a different story. Above pivot very close to resistance and guessing it will get above. Actually considering to take a small long now from 2700, will se if I can do that after the news...
Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,754
  • May 12, 2010 3:25am May 12, 2010 3:25am
Quoting Trading Cat
1
they are stopped out now. Had been a long time since that happened.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,755
  • May 12, 2010 3:30am May 12, 2010 3:30am
EU broke a 2708 piv line, with 2765,2737,2860 in mind for my day. The 4hr top is 2801. Tell if I am reading this wrong.
He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #240,756
  • May 12, 2010 3:30am May 12, 2010 3:30am
http://www.currensys.com/resources/C...0Explained.pdf
  • #240,757
  • May 12, 2010 3:34am May 12, 2010 3:34am
Quoting Trading Cat
my 1hr tl is broken, but that was expected when move towards pivot. First time since 3 days, we could finally see a bigger retrace. Whole writing pivot reached and did not stop.
Next level of potential turn around 2720.
Nice to see her coming up even though I am not participating better higher levels to short
I've been waiting for this to happen ever since the afternoon of the US session. I'm anticipating lower lows on this move maybe to level 1.25ish
  • #240,758
  • May 12, 2010 3:35am May 12, 2010 3:35am
Quoting dwe213
http://www.currensys.com/resources/C...0Explained.pdf
Thank you kind sir
  • #240,759
  • May 12, 2010 3:36am May 12, 2010 3:36am
longed at 2665, t/p 2710. Still bullish, 2774 maybe the cap for today. Until ADX cross signal shows up, we go up.
  • #240,760
  • May 12, 2010 3:37am May 12, 2010 3:37am
Quoting Jhig
I've been waiting for this to happen ever since the afternoon of the US session. I'm anticipating lower lows on this move maybe to level 1.25ish
should we close the 15min bar like this we have an "inside bar" reversal could be the one we all waiting for?
Trade on your own risk Plan your trade&trade your plan dont be a
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