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  • #329,821
  • Nov 22, 2010 1:50am Nov 22, 2010 1:50am
Quoting sisse
This is my intraday view. IMO, the "easy" part of the move is gone. Price is testing key Daily Resistance. A Break above (daily close) will put us back on the previous uptrend pattern and will open 1.44xx again. However, an intraday bear pullback (to fill the gap) is what I am looking for as long the daily R is holding.


sisse

watch 3780 in london

IF that gets taken out then 1.3880 target for the day

If 3750 taken out then 1.3720 test

there is a mahor resistance level that I noted earlier 1.3780 ... hit that and supply entered market
Blogging daily now at www.volume.zone
  • #329,822
  • Nov 22, 2010 1:50am Nov 22, 2010 1:50am
Quoting malcolmb14
wot you mean you went long instead of playing the gap close ? lol

not sure why everyone been taking sells all asia , when 30 min up is in up trend

I gave them they buy zone 1.3740 , been simple trading

at this point unless 1.3680 taken out 2 hour is in up channel ... BUY dips will make 50 to 100 pip a go ...

Any newbies trying to sell in asia and wondering why they having such a hard time .. look at the 2 hour charts ( 1 hr if you have mt4) you will see the clear trend up for 4 days now
lol .. I'm not gonna waste my time talking about this gap myth brother

This long setup for me was triggered last week actually, just had to stick with it till the 785 test.

Quoting wormboy
price still lingering ard the monthly supp/res level, but there is conflicting pattern which doesn't suggest that price could head back lower with the H1 bullish pennant will be in play should price close above 3660. If that happens, 1.3785 will be the next target. A close below 3610 will negate bullish setup. Atm, the best possible position should be flat till one of the two levels is triggered.

Good luck.

Hope all is well
Thank You
  • #329,823
  • Nov 22, 2010 1:51am Nov 22, 2010 1:51am
Quoting malcolmb14
3650 is key

strong uptrend channel 30 min for now

do not guess the top ... could cost you a losing week

Attachment
nah

I like guessing tops and bottoms

it has 3670 very possible target . and ppl will buy there and it will break it down to 3600 if not less .

i already have 40 pips in 10 minutes .

it was just the selling spike . just to knock the weak hearts of their shorts .
I SEE YOU !!
  • #329,824
  • Nov 22, 2010 1:53am Nov 22, 2010 1:53am
Quoting dbfusion
nah

I like guessing tops and bottoms

it has 3670 very possible target . and ppl will buy there and it will break it down to 3600 if not less .

i already have 40 pips in 10 minutes .

it was just the selling spike . just to knock the weak hearts of their shorts .
Distribution all the way up...time to see new lows
COT: The precious data ignored
  • #329,825
  • Nov 22, 2010 1:54am Nov 22, 2010 1:54am
Bears are back, see you for NY
  • #329,826
  • Nov 22, 2010 1:54am Nov 22, 2010 1:54am
to the pip & whammo
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu1b.gif Size: 18 KB
Thank You
  • #329,827
  • Nov 22, 2010 1:56am Nov 22, 2010 1:56am
So now let's see if we close this gap in the coming hours.

Seems some traders don't know that gap trading is a system on its own.

VERY profitable if you do it right, as the gap closes lots of times within 12-15 hrs of the brokers opening for the week.

............BUT

then of course there are always herds that don't seem to understand what I am talking about.

Pips to all !!
  • #329,828
  • Nov 22, 2010 1:57am Nov 22, 2010 1:57am
50 pips, part collected.
letting rest to run .

that was quick

i believe if this thing want to rally it needs to make a second bottom higher.

i am not convinced of the rally going up this way without forming descent bottom or second leg to hold on it .

and honestly I am skeptical about a rally .
but lets see what the PA will do .

and will revise plan based on it .
I SEE YOU !!
  • #329,829
  • Nov 22, 2010 1:58am Nov 22, 2010 1:58am
malcolmb, I agree with those levels. 1.378x is key R for me. The other is a little bit below 1.3720 but +/- the same @ 1.367x if you include the gap (which is the futures gap) and watching longer timeframes (H4).

Let see what London brings to the table.

sisse

Quoting malcolmb14
watch 3780 in london

IF that gets taken out then 1.3880 target for the day

If 3750 taken out then 1.3720 test

there is a mahor resistance level that I noted earlier 1.3780 ... hit that and supply entered market
Pending conversations? PM for a chat...I am mainly in OTM now
  • #329,830
  • Nov 22, 2010 1:58am Nov 22, 2010 1:58am
Quoting kuroro001
Distribution all the way up...time to see new lows


good point
I SEE YOU !!
  • #329,831
  • Nov 22, 2010 2:00am Nov 22, 2010 2:00am
short 3730, sl 3780, tp 3660...
Look Sharp/Trade Tight
  • #329,832
  • Nov 22, 2010 2:02am Nov 22, 2010 2:02am
Quoting malcolmb14
wot you mean you went long instead of playing the gap close ? lol

not sure why everyone been taking sells all asia , when 30 min up is in up trend

I gave them they buy zone 1.3740 , been simple trading

at this point unless 1.3680 taken out 2 hour is in up channel ... BUY dips will make 50 to 100 pip a go ...

Any newbies trying to sell in asia and wondering why they having such a hard time .. look at the 2 hour charts ( 1 hr if you have mt4) you will see the clear trend up for 4 days now
we have it malc
Attached Image (click to enlarge)
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  • #329,833
  • Nov 22, 2010 2:06am Nov 22, 2010 2:06am
Quoting PayTheLimit
short 3730, sl 3780, tp 3660...
I did the same lol
The bull trap cost us pips...time to get them back
COT: The precious data ignored
  • #329,834
  • Nov 22, 2010 2:06am Nov 22, 2010 2:06am
Quoting Beljevina
Malcolm, Call me crazy, but aren't those sellers hitting it at & above 1.375? (And a ND in between?) ... Would not surprise me to see Asia take this down (not far), & a frankie fakeout for buyers to get better prices, then up we go? I absolutely agree the background last week was buying, but Asia and/or Frankfurt often do different and localized strategies. Would not surprise me to see selling into 1.378. (Mind you, I am in no way dumping my longs from midweek and Friday)
Lots of selling off that 1.378 ... look at the H1 and M15. Not sure this lower support/trend line is going to hold ... let's see.
Attached Image (click to enlarge)
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  • #329,835
  • Nov 22, 2010 2:06am Nov 22, 2010 2:06am
Quoting Freddyfx
So now let's see if we close this gap in the coming hours.

Seems some traders don't know that gap trading is a system on its own.

VERY profitable if you do it right, as the gap closes lots of times within 12-15 hrs of the brokers opening for the week.

............BUT

then of course there are always herds that don't seem to understand what I am talking about.

Pips to all !!
some traders are not dumb enough to wait for the "gap" to close while there's money to be made trading the other way.
Seriously, you've made a hoodoo, just admit it. Remember, you kept on banging about trading profitably on the M1 & how direction is of no importance, yet here you are now talking about a system that works within 12-15 hours with a heavy bias. I hope you realise that you are contradicting yourself.
Thank You
  • #329,836
  • Nov 22, 2010 2:08am Nov 22, 2010 2:08am
Shorted on the brief pullback to target 1.3675 (just above Friday close)
  • #329,837
  • Nov 22, 2010 2:10am Nov 22, 2010 2:10am
Quoting PayTheLimit
short 3730, sl 3780, tp 3660...
your SL is risky .

its very possible that PA could make a double top or even make higher price by few pips .

i closed part @ 3730 coz its an area of some bulls wandering around.

just don't let the big boys play their game.
I SEE YOU !!
  • #329,838
  • Nov 22, 2010 2:12am Nov 22, 2010 2:12am
Brother, hope some day you will understand what forex trading is all about.

Do you see my screens?
Do you know what I trade?
Do you know how I trade?

Do you get that there are many roads that lead to Rome??!!

Get a life.....and learn how to make pips.

Would be nice if EU seeks pivot today, although most of the times that does not happen on the first and last day of the trading week.
  • #329,839
  • Nov 22, 2010 2:12am Nov 22, 2010 2:12am
Quoting dbfusion
nah

I like guessing tops and bottoms

it has 3670 very possible target . and ppl will buy there and it will break it down to 3600 if not less .

i already have 40 pips in 10 minutes .

it was just the selling spike . just to knock the weak hearts of their shorts .
could be

seems like a ton of buyers in this down candle though . 1.3720 to 1.3750 sticky area on the weekly .... major s/r line at 1.3730 to 1.3755
Blogging daily now at www.volume.zone
  • #329,840
  • Nov 22, 2010 2:14am Nov 22, 2010 2:14am
Quoting wormboy
some traders are not dumb enough to wait for the "gap" to close while there's money to be made trading the other way.
Seriously, you've made a hoodoo, just admit it. Remember, you kept on banging about trading profitably on the M1 & how direction is of no importance, yet here you are now talking about a system that works within 12-15 hours with a heavy bias. I hope you realise that you are contradicting yourself.
waste of time

1) there is no gap as always
2) 100 pip dd to make 20 pip as that was the gap

NICE trading
Blogging daily now at www.volume.zone
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