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  • #391,381
  • Feb 21, 2011 12:04am Feb 21, 2011 12:04am
Quoting Pipwanderer
overall pic is bullish however be cautious better to be a pig than a bull or bear pigs go where the food is
Ambition
  • #391,382
  • Feb 21, 2011 12:08am Feb 21, 2011 12:08am
Quoting kuroro001
Hi mate, hope all is good for you.
Yes agree, even though i am seeing around 1,4030-1,4130 on weekly, we'll see

yea, I have a good weekly resistance zone at 3984/4019 also, I'm just in the process of building my charts...as for right now, am keeping a close eye on this 3674 area....another number to keep an eye on is 3606, the hourly close of the big up bar from friday...
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.gif Size: 21 KB
Look Sharp/Trade Tight
  • #391,383
  • Feb 21, 2011 12:15am Feb 21, 2011 12:15am
3664-66 is also my 15m support.. below that i have 30m 3659 and then 3646 will be the next..
  • #391,384
  • Feb 21, 2011 12:17am Feb 21, 2011 12:17am
1,3660-1,3665 is holding for now, its a tiny demand area.
I'll try a long here for 1,3700 supply area.
10 pips stop
COT: The precious data ignored
  • #391,385
  • Feb 21, 2011 12:19am Feb 21, 2011 12:19am
Quoting kuroro001
1,3660-1,3665 is holding for now, its a tiny demand area.
I'll try a long here for 1,3700 supply area.
10 pips stop
10 pip stop almost a garuanteed loss
Ambition
  • #391,386
  • Feb 21, 2011 12:22am Feb 21, 2011 12:22am
Quoting talentfx
10 pip stop almost a garuanteed loss
nooop.. dont think like that..if you got a good level of entry i guarented wether you have 4 or 5 pips stop loss.. you didnt have any loss..
  • #391,387
  • Feb 21, 2011 12:23am Feb 21, 2011 12:23am
Quoting talentfx
10 pip stop almost a garuanteed loss
yes almost, that's why my profit is 3x my loss
And my stop is below 1,3660, so below the tiny demand.
Since i am buying now i have to make a tight stop because the next important area is more than 50 pips lower...and i don't wanna lose 50 pips before london opens
COT: The precious data ignored
  • #391,388
  • Feb 21, 2011 12:25am Feb 21, 2011 12:25am
Quoting PayTheLimit
yea, I have a good weekly resistance zone at 3984/4019 also, I'm just in the process of building my charts...as for right now, am keeping a close eye on this 3674 area....another number to keep an eye on is 3606, the hourly close of the big up bar from friday...
Good Morning PTL and the rest of community ! Wish you all Green PIps !
  • #391,389
  • Feb 21, 2011 12:26am Feb 21, 2011 12:26am
Quoting vilas
Good Morning PTL and the rest of community ! Wish you all Green PIps !

and good morning to you too, good luck this week...
Look Sharp/Trade Tight
  • #391,390
  • Feb 21, 2011 12:26am Feb 21, 2011 12:26am
Quoting Sandy A.
Nice count - first one I've seen where a leading diagonal was suggested for that messy rise from the low and allows for 3-3-3-3-3 or 5-3-5-3-5 as internals.

Leading diagonals always appear in wave 1 of an impulse or wave. A of a zig-zag. Since the last move up looked impulsive, I wonder if it ended a zig-zag being the last 5 in the 5-3-5 sequence (the leading diagonal qualifying as the first 5 or A wave).

FOr your bullish count, wave 3 looks a bit short as it is more likely wave 3 would extend after a leading diagonal - otherwise, if 3 is complete,...
How about this being a double zig-zag instead of a leading diagonal /such a rare pattern/?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_h1_21-02-11.gif Size: 24 KB
  • #391,391
  • Feb 21, 2011 12:27am Feb 21, 2011 12:27am
took long at 1,3678...
  • #391,392
  • Feb 21, 2011 12:29am Feb 21, 2011 12:29am
Quoting johnnyrei
took long at 1,3678...
a little early ?
Ambition
  • #391,393
  • Feb 21, 2011 12:29am Feb 21, 2011 12:29am
Quoting kuroro001
1,3660-1,3665 is holding for now, its a tiny demand area.
I'll try a long here for 1,3700 supply area.
10 pips stop

good luck brother, was just looking at the same thing, like the two last 15min bars, nice combination if it holds on to its gains in this bar...
Look Sharp/Trade Tight
  • #391,394
  • Feb 21, 2011 12:32am Feb 21, 2011 12:32am
Quoting talentfx
that target looks too nasty one it may not reach there better for you if it moves to atleast 1.3645 area : the trend is bullish and usd is looking weaker against majors its hard to get there as its also a bank holiday for us today
finding A M S
  • #391,395
  • Feb 21, 2011 12:32am Feb 21, 2011 12:32am
Quoting Piotr1
Hi everybody. I am on a buy trade (1.3676) with hope to ge 20 pips for 1/2 position.
I am out from my long... ( price action is not good to risky).
  • #391,396
  • Feb 21, 2011 12:38am Feb 21, 2011 12:38am
definitely going long if price can close above the 1.35 level on the hourly chart, big TP for little risk

Attached Image (click to enlarge)
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  • #391,397
  • Feb 21, 2011 12:38am Feb 21, 2011 12:38am
Quoting kuroro001
yes almost, that's why my profit is 3x my loss
And my stop is below 1,3660, so below the tiny demand.
Since i am buying now i have to make a tight stop because the next important area is more than 50 pips lower...and i don't wanna lose 50 pips before london opens
With the local vol levels this US evening, you likely don't have any worse than 20% or so risk of a stop&reverse, so looks like a good odds trade.

Going to bed, still long, but if about 20 down from here, then not so much. I don't think anything so exciting I have to stay up is going to happen, so g'night.
  • #391,398
  • Feb 21, 2011 12:39am Feb 21, 2011 12:39am
Quoting prashant7
that target looks too nasty one it may not reach there better for you if it moves to atleast 1.3645 area : the trend is bullish and usd is looking weaker against majors its hard to get there as its also a bank holiday for us today
you sure?
Ambition
  • #391,399
  • Feb 21, 2011 12:41am Feb 21, 2011 12:41am
Attached Image (click to enlarge)
Click to Enlarge Name: short.gif Size: 27 KB
Ambition
  • #391,400
  • Feb 21, 2011 12:42am Feb 21, 2011 12:42am
Quoting talentfx
10 pip stop almost a garuanteed loss
thats why i like a 4 pip sl
those who can, do. those who cant, talk about those who can
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