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EURUSD

  • #355,401
  • Dec 31, 2010 2:45am Dec 31, 2010 2:45am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Strong Horizontal Fib Line @ 1.3328 on the H1.

And a well tested resistance Fib Fan Line on the 4H which is now serving as an equally strong support.

How bad does London want to sell the euro off is the question.

http://i55.tinypic.com/nfcqs.jpg

http://i51.tinypic.com/28ls610.png
  • #355,402
  • Dec 31, 2010 2:48am Dec 31, 2010 2:48am
A Pleasant Good Morning to everyone.

EUR/USD total of 5 Lots short entry 1.3380, 1.3298, 1.3270, 1.3224 and 1.31160 Exit target 1.2810

These exaggerate prices on the EUR/USD in these thin markets will be corrected in the New Year and the significant fall I have been alluding to will happen.

Position trading takes alot of patience and the reward is great if you are willing to wait

I would like to take this opportunity to wish all of you a Happy New Year when it comes and many many many green pips

I will be holding all shorts over the weekend into the new year.

Lets us continue to share our experiences and analysis with each other in a healthy environment so that we can all continue to learn from one another.

Happy Trading
  • #355,403
  • Dec 31, 2010 2:50am Dec 31, 2010 2:50am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
M15, solid fib channel served as strong support and resistance range throughout the day yesterday.

Could we see a channel range develop here until NY open?

http://i55.tinypic.com/331lhjb.png
  • #355,404
  • Dec 31, 2010 2:51am Dec 31, 2010 2:51am
long 3337, sl 3325, tp 3357...
Look Sharp/Trade Tight
  • #355,405
  • Dec 31, 2010 2:54am Dec 31, 2010 2:54am
Currently Bearish Gartley in progress on H4.
Stop of this Gartley 3440
Objective of this Gartley around 3050.

GL.
  • #355,406
  • Dec 31, 2010 2:54am Dec 31, 2010 2:54am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting PayTheLimit
long 3337, sl 3325, tp 3357...
Probably higher than that, but you've gotten into some nice scalps this past hour.

Nice work.

http://i.dailymail.co.uk/i/pix/2010/...86_468x313.jpg
  • #355,407
  • Dec 31, 2010 2:55am Dec 31, 2010 2:55am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting dswk
Currently Bearish Gartley in progress on H4.
Stop of this Gartley 3440
Objective of this Gartley around 3050.

GL.
Well if it happens, it would most likely true.

From what I see on my charts, we are going to swing on the trend and head back south come Monday.
  • #355,408
  • Dec 31, 2010 2:56am Dec 31, 2010 2:56am
Actually its my first trade of the day...
Look Sharp/Trade Tight
  • #355,409
  • Dec 31, 2010 2:59am Dec 31, 2010 2:59am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting PayTheLimit
I'm still tempted to short here...against this resistance, hell with it...
Ah, I thought you went short here.

But on your next post I see you passed on it.

ok
  • #355,410
  • Dec 31, 2010 3:00am Dec 31, 2010 3:00am
Quoting fontu
Horrible situation usdx , the weekly bull is in danger , weekly close below 79.20 will even abort & if escape then next can ranging week up where ever possible with set up perfection & again pressure can be down, may be near the bottom .better stay off now & will check in the evening. spinning head.lets see if any short cut escape this huge fall may develop > only way it break the top , weekly tl with one more strong leg up , must start by next week & escape this present one first.
fontu
I have to disagree for one reason, as far as the 'danger' of the situation.

Tech Analysis isn't 100% reliable right now due to the time & thin markets.

There is absolutely no way to factor in the thicker markets once all players return over next couple of weeks.

In the end of this situation, I think the fundamentals outweigh the techs by a large factor.

No one knows, but leading into the next couple weeks, expect some 'WTF just happened' to the Technical Analysis.

we are still range-bound for month of December.

& as far as Aud is concerned, look at the daily close.
Attached Image (click to enlarge)
Click to Enlarge Name: auddaily.jpg Size: 66 KB
  • #355,411
  • Dec 31, 2010 3:01am Dec 31, 2010 3:01am
Quoting snatch
Decided to hold on to my long from 3190. I will add on more if it breaks 3318, as shown in pic for TP3357; if it breaks the later will add more @ 3370 TP3450 (green boxes).... Best short to me if you want to call a top conservatily and sanely is 3525.... I do not see much movement in this thing until 2nd week of Jan, probably the 23rd/24th... quiet similar in NZUSD as well.... but if the unexpected happens, I have shorts starting from 3025 and well below the bottom red box... good luck all thats my contribution for the year done...


BTW whats this...

Just woke up to this, part1 of last night's trade plan worked; nice way to end the year
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 42.png Size: 9 KB
  • #355,412
  • Dec 31, 2010 3:03am Dec 31, 2010 3:03am
Quoting snatch
Just woke up to this, part1 of last night's trade plan worked; nice way to end the year
whats part 2?
Look Sharp/Trade Tight
  • #355,413
  • Dec 31, 2010 3:03am Dec 31, 2010 3:03am
Quoting dswk
Currently Bearish Gartley in progress on H4.
Stop of this Gartley 3440
Objective of this Gartley around 3050.

GL.
On what basis is the stop of gartley at 3440. The website below shows it at 1.3610.
http://www.fx360.com/techAnalysis/4688/pm-analysis.aspx

I am new just learning, thanks in advance.
  • #355,414
  • Dec 31, 2010 3:04am Dec 31, 2010 3:04am
Quoting PayTheLimit
long 3337, sl 3325, tp 3357...
sorted, +20, lol...little luck on the out, lol
Look Sharp/Trade Tight
  • #355,415
  • Dec 31, 2010 3:04am Dec 31, 2010 3:04am
looks like no trend reversal in eu yet =)
  • #355,416
  • Dec 31, 2010 3:08am Dec 31, 2010 3:08am
Quoting aiyoyo
LOL I wonder why nobody shouting for short when the shoot up to 3385. now we are at 3325.
the important res has been taken out. thin market or not, level is level.
i think it's smart not to short, rather wait for price to come back to the broken level then go with the trend.
  • #355,417
  • Dec 31, 2010 3:10am Dec 31, 2010 3:10am
Quoting Honored
On what basis is the stop of gartley at 3440. The website below shows it at 1.3610.
http://www.fx360.com/techAnalysis/4688/pm-analysis.aspx

I am new just learning, thanks in advance.
I use ZUP and Kor-Harmonic Indicators for MT4 who show me the harmonic patterns.
On H4 it's what they show.
I will prepare shorting this market around 3430 with SL just above 35 as current move on this kind of market are abnormal (eoy...).
  • #355,418
  • Dec 31, 2010 3:13am Dec 31, 2010 3:13am
Quoting PayTheLimit
whats part 2?

this: http://www.forexfactory.com/showthre...01#post4276101
  • #355,419
  • Dec 31, 2010 3:13am Dec 31, 2010 3:13am
Quoting pkimnyc
the important res has been taken out. thin market or not, level is level.
i think it's smart not to short, rather wait for price to come back to the broken level then go with the trend.
1/2/3 days before whenever there is a high many here shouting for short LOL.

Am waiting entry for long @ 3315/20 area. Anyone with me here. No chart. Just where the level broken.
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #355,420
  • Dec 31, 2010 3:15am Dec 31, 2010 3:15am
Quoting snatch
this: http://www.forexfactory.com/showthre...01#post4276101
understood...gl
Look Sharp/Trade Tight
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