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  • #340,121
  • Dec 6, 2010 8:39am Dec 6, 2010 8:39am
I was thinking that it was a good possibility that this is just a 78.6 retracement of fridays move. The bullish hidden divergence gave the long signal off the 78.6 support and the 3244 pivot.
  • #340,122
  • Dec 6, 2010 8:40am Dec 6, 2010 8:40am
You guys are all shorting at 1,328x because tarantula did it a few hours ago ? lol
Meanwhile price action changed and preparing the field for 1,3400.
If this trade turns out to be a good long i will let it for 1,3480-1,3500
COT: The precious data ignored
  • #340,123
  • Dec 6, 2010 8:40am Dec 6, 2010 8:40am
Quoting Munal
Nice rejection on 38.2 Fib Level with some extra supports present candle yet to complete......Seems we might see some reversal out here targeting 23.6 fib....... ATR Projection almost meet....
As mention earlier price moving targeting 23.6 fibs.......
A range bound might be play still Few Pips to target the projection of ATR... 23.6 Fib level could give a short entry lets see will short with very small SL.... near 23.6 fib level..........

Love to hear from T@rantula......
  • #340,124
  • Dec 6, 2010 8:45am Dec 6, 2010 8:45am
Quoting T@rantula
118 pips for me today. Im done for today.
  • #340,125
  • Dec 6, 2010 8:46am Dec 6, 2010 8:46am
According my timing charts, fundamentals and charts are in opposite positions.
Bear are my side, but be afraid, this week will not be easy.
http://thekingdomofforex.blogspot.co...ays-ahead.html
  • #340,126
  • Dec 6, 2010 8:46am Dec 6, 2010 8:46am
OK now everyone scale out to the 1d chart and draw a trend line Its silly to expect euro to fall 20c in less than two months without any retrace.
So in my opinion short term shows long,but by the end of the month we will be below 1.30
my newbie 1cent opinion.
  • #340,127
  • Dec 6, 2010 8:49am Dec 6, 2010 8:49am
Quoting Munal
As mention earlier price moving targeting 23.6 fibs.......
A range bound might be play still Few Pips to target the projection of ATR... 23.6 Fib level could give a short entry lets see will short with very small SL.... near 23.6 fib level..........

Love to hear from T@rantula......
Below 3330-3340 3250 is the key. A potential break gives us 3200. We are below the last trendline and 61.8 fib projection on h1 swing. 3330 is a round number, and 50.0 fib extension. Meanwhile a new trendline has formed 3250 still the key.
  • #340,128
  • Dec 6, 2010 8:50am Dec 6, 2010 8:50am
Dow Jones start below par...good news for SHORT position (I hope).
  • #340,129
  • Dec 6, 2010 8:50am Dec 6, 2010 8:50am
Quoting kuroro001
You guys are all shorting at 1,328x because tarantula did it a few hours ago ? lol
Meanwhile price action changed and preparing the field for 1,3400.
If this trade turns out to be a good long i will let it for 1,3480-1,3500
hehe

I have shared many many free pips with u all
  • #340,130
  • Dec 6, 2010 8:51am Dec 6, 2010 8:51am
My three hour LONG got knocked out last night for a little more than 120bps.

15 minute chart setting up for possible LONG developing, but I have an entry order in place on the hourly SHORT.
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Capital Preservation is key to long term wealth accumulation
  • #340,131
  • Dec 6, 2010 8:52am Dec 6, 2010 8:52am
Bought at 1,327x, T/P is 1,332x and S/L 1,325x ! Good luck in trade homies
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #340,132
  • Dec 6, 2010 8:52am Dec 6, 2010 8:52am
Quoting onewish
i'm shorting here 3287 with sl 3301...target open
sl move to BE just incase...better to be safe
  • #340,133
  • Dec 6, 2010 8:54am Dec 6, 2010 8:54am
Quoting MuddBuddha
My three hour LONG got knocked out last night for a little more than 120bps.

15 minute chart setting up for possible LONG developing, but I have an entry order in place on the hourly SHORT.
sorry to hear that mate. Im sure u will make up for that.

Im all short biased intraday....starting from London I have made a few shorts, pretty straightforward.

Im out of trade for the rest of the day, but I can keep an eye for technical validities.
  • #340,134
  • Dec 6, 2010 8:56am Dec 6, 2010 8:56am
Quoting T@rantula
Below 3330-3340 3250 is the key. A potential break gives us 3200. We are below the last trendline and 61.8 fib projection on h1 swing. 3330 is a round number, and 50.0 fib extension. Meanwhile a new trendline has formed 3250 still the key.
I see the new trendline but wouldnt that last move up a retest of the 1.33 level? It still fits perfectly with a 0.382 fib retracement for the day.
May be best to wait that it bounce back to the trendline you've mentioned before doing anything, what do you think?
  • #340,135
  • Dec 6, 2010 9:01am Dec 6, 2010 9:01am
Quoting BrunargarFx
I see the new trendline but wouldnt that last move up a retest of the 1.33 level? It still fits perfectly with a 0.382 fib retracement for the day.
May be best to wait that it bounce back to the trendline you've mentioned before doing anything, what do you think?
Yes. If u do swing trading, u need to wait for a retracement. That TL got broken and we have a new TL connecting 3 focal points. 2 of those are made in last 2h.

Im talking about intraday ( h1 tf) and we are stuck in a compressing triangle.
PA is taking a breather.

here is the chart:
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  • #340,136
  • Dec 6, 2010 9:05am Dec 6, 2010 9:05am
Quoting onewish
sl move to BE just incase...better to be safe
got stopped at B E, good luck to all the shorts out there,
  • #340,137
  • Dec 6, 2010 9:06am Dec 6, 2010 9:06am
New short @ 1.3287, expecting to break the compressed 3250 in the next 30 mins...

I may be wrong of course...
  • #340,138
  • Dec 6, 2010 9:09am Dec 6, 2010 9:09am
Quoting T@rantula
Yes. If u do swing trading, u need to wait for a retracement. That TL got broken and we have a new TL connecting 3 focal points. 2 of those are made in last 2h.

Im talking about intraday ( h1 tf) and we are stuck in a compressing triangle.
PA is taking a breather.
here is the chart.
Thanks,
I am with you on that.
Much clearer with the H1 tf.
With teh 5m tf we are still in a descending triangle so there is still potential for the 1.325 level to be broken for good (this would be awesome
  • #340,139
  • Dec 6, 2010 9:12am Dec 6, 2010 9:12am
Quoting TheCyberCore
New short @ 1.3287, expecting to break the compressed 3250 in the next 30 mins...

I may be wrong of course...

in my opinion, the target is somewhere arround 3300... my target for today is 3320, S/L 3250 but thats is my choice,to risk with my own money.
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #340,140
  • Dec 6, 2010 9:14am Dec 6, 2010 9:14am
Quoting SkullCandy
in my opinion, the target is somewhere arround 3300... my target for today is 3320, S/L 3250 but thats is my choice,to risk with my own money.
Yes, it looks some kind of indifferent currently in 5m, but overall trend is still south and we are in a triangle formation in 5m and 15m.

but of course, it could also get a "w". It's all 'bout MM. maybe I shorted E/U too much the last weeks :-/
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