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  • #339,881
  • Dec 6, 2010 4:39am Dec 6, 2010 4:39am
I do not see it below the second resistance though.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 06-12 H1.png Size: 34 KB
COT: The precious data ignored
  • #339,882
  • Dec 6, 2010 4:41am Dec 6, 2010 4:41am
Quoting apt
Edit:

Setting TP @ 1.3200.

I don't see 1.3260 as a respected Fibonacci line, or a respected level of previous support/previous resistance from 12-3-10(R) or 11-26-10(S).
A momentum candle breach...not everything is in Fibs.

Quoting T@rantula
Sold EU

Attachment
Quoting T@rantula
A probable retest of the momentum candle bottom. The candle was formed on very high buying pressure on Friday and we could have a good r:r ratio on this.

I may add to a short position later. As long as we are under 3435 3260-3270 is a possible target.

We also have a double top on 3415.
target hit. done. Im out of trade atm.
  • #339,883
  • Dec 6, 2010 4:42am Dec 6, 2010 4:42am
Quoting kuroro001
I do not see it below the second resistance though.

Attachment
Well, below that level is a daily trigger for shorts but as you said is way too early for that.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #339,884
  • Dec 6, 2010 4:42am Dec 6, 2010 4:42am
Quoting gatorinla
lets watch 3261.5
Out for now at 3271
  • #339,885
  • Dec 6, 2010 4:43am Dec 6, 2010 4:43am
Quoting sisse
I hope you caught the short PTL.... This is probably the last move till the US.

sisse
No brother I missed it. Oh well, there will be others. If I dont trade today so be it. To be quite honest my trading has improved 100 folld since I got over the fact that I dont have to trade every day. Did you catch it?
Look Sharp/Trade Tight
  • #339,886
  • Dec 6, 2010 4:43am Dec 6, 2010 4:43am
Quoting PayTheLimit
to bad I didnt short the dam thing when I wrote that, anyway still looking for a setup myself, good luck
Got short at 83 with sl 1.3315...
@pawpaw1000 on Twitter
  • #339,887
  • Dec 6, 2010 4:44am Dec 6, 2010 4:44am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Pipwanderer
dont forget the 3257 level fib level as well very significal in the ball game 61.8 watching closely volume is drying out gradually
Noted, 1.3300 - 1.3280 level of resistance.

I expect 1-2 more tests, downward momentum is strong enough to break 1.32000 regardless of lack of volume, after 2 tests of upward range, 1.3260 support area should be breached.

My opinion only tho, let's see what happens.
  • #339,888
  • Dec 6, 2010 4:45am Dec 6, 2010 4:45am
Quoting T@rantula
A momentum candle breach...not everything is in Fibs.

target hit. done. Im out of trade atm.
Well everything you need to know is in the chart...and i'll say everything you need to know is in the PA!
I've dropped fibs long time ago

Btw good trade!
COT: The precious data ignored
  • #339,889
  • Dec 6, 2010 4:46am Dec 6, 2010 4:46am
Quoting sisse
I hope you caught the short PTL.... This is probably the last move till the US.

sisse
the bears just took off from the loading dock heading to 3262

waiting for see how market will looking here in the us especially es we might rally on up or may be more risk aversion
  • #339,890
  • Dec 6, 2010 4:48am Dec 6, 2010 4:48am
Quoting wormboy
that's my sell trigger. 3265 is the first target.

Good luck
done, target met. my position is now flat.

good luck
Thank You
  • #339,891
  • Dec 6, 2010 4:50am Dec 6, 2010 4:50am
do any one know a good EA (MQL4) programmer!
i like to have a chat with him, to check the possibility of developing custom EA?
  • #339,892
  • Dec 6, 2010 4:50am Dec 6, 2010 4:50am
Quoting Farstrider
Seems like a break and retest of the upchannel on the hourly.

Tempted to reload on the shorts

after missing this one due to a hesitation another idea: long at the overshoot of the up channet at 1.3250 up to the retest of the daily upper TL at 1.3295 (half) and the rest at the newly established widened upper TL at 1.3350

The real issue for me here is that I have a big position at 1.3411 (possible top) and judging by the past weeks the down move could be pretty strong. In that case it would be a sucker to jeopardize a possible 4-500 pips down move by hedging way too early.

So I'm thinking just a small long, take the loss with no regret and move the SL on the big short, so that I'm in green whatever the case.

Can't figure the right SL for the long though

Any ideas?
Attached Image (click to enlarge)
Click to Enlarge Name: retest.JPG Size: 106 KB
Riding the Dragon....
  • #339,893
  • Dec 6, 2010 4:50am Dec 6, 2010 4:50am
Quoting PayTheLimit
No brother I missed it. Oh well, there will be others. If I dont trade today so be it. To be quite honest my trading has improved 100 folld since I got over the fact that I dont have to trade every day. Did you catch it?
To be honest with you, I took only 1 contract (futures) but I took crumbs (15 ticks) when it stalled @1.328x. Amateurish trade management in that trade ... don't ask why 'cause there was not TA, PA or fundamental reason... or maybe just lack of confidence on the r:r.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #339,894
  • Dec 6, 2010 4:51am Dec 6, 2010 4:51am
I am done too at 1.3368 (my initial S1 line). Will leave it until US market opens. we might have more volume then

PS: what does PA stands for?
  • #339,895
  • Dec 6, 2010 4:51am Dec 6, 2010 4:51am
Quoting wormboy
done, target met. my position is now flat.

good luck
looking at volume and its actually increasing still holding my position adjusted tp if we break past 3257 will adjust till 3120 after london close no trade for me
  • #339,896
  • Dec 6, 2010 4:52am Dec 6, 2010 4:52am
Amazed that this particular important information isn't listed on the FF today...
14:00 ECB Publishes amount of bond buying.


reference.......http://www.forexcrunch.com/eurusd-de...ing-off-highs/
  • #339,897
  • Dec 6, 2010 4:52am Dec 6, 2010 4:52am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting apt
Noted, 1.3300 - 1.3280 level of resistance.

I expect 1-2 more tests, downward momentum is strong enough to break 1.32000 regardless of lack of volume, after 2 tests of upward range, 1.3260 support area should be breached.

My opinion only tho, let's see what happens.
I take back my opinion on the strength of this area.

Last time we were here, we sat here for 3 hours.
My mistake, mis-read the charts.

EDIT: As soon as I type this we break 1.3260 ... let's see what happens from here. Bedtime may be coming early woot.
  • #339,898
  • Dec 6, 2010 4:53am Dec 6, 2010 4:53am
Quoting BrunargarFx
I am done too at 1.3368 (my initial S1 line). Will leave it until US market opens. we might have more volume then

PS: what does PA stands for?
done at 3368? we left here a long time ago
  • #339,899
  • Dec 6, 2010 4:53am Dec 6, 2010 4:53am
Quoting BrunargarFx
I am done too at 1.3368 (my initial S1 line). Will leave it until US market opens. we might have more volume then

PS: what does PA stands for?
PA = Price Action
(I only know cos I asked so many times, lol)
  • #339,900
  • Dec 6, 2010 4:53am Dec 6, 2010 4:53am
Quoting gatorinla
lets watch 3261.5
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those who can, do. those who cant, talk about those who can
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