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  • #446,721
  • May 23, 2011 1:26am May 23, 2011 1:26am
Quoting Magix
We sitting pretty close to 100 off London Lows from Friday...

Gulp....

And just a touch lower then last weeks lows...

Not saying we looking atta buy here, but might see some reaction...

true dat...however 100 has had a nast habit of becoming 300, lately...but I agree, we will need some sort of news to break 4000 I suspect..
Look Sharp/Trade Tight
  • #446,722
  • May 23, 2011 1:28am May 23, 2011 1:28am
Quoting PayTheLimit
true dat...however 100 has had a nast habit of becoming 300, lately...but I agree, we will need some sort of news to break 4000 I suspect..
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #446,723
  • May 23, 2011 1:28am May 23, 2011 1:28am
Quoting GreatNorth
First target met (+113 pips) and went to mid of second at 1.41388. Now short at 1.4206 targeting ~1.4075 and beyond.
Updating previous level...target met ~1.4075 = now resistance. No position right now. Waiting to see reaction at resistance.

Chart below is M15
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  • #446,724
  • May 23, 2011 1:29am May 23, 2011 1:29am
Quoting PayTheLimit
tested two times, or four times, depending how you look at it....
and again...
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Look Sharp/Trade Tight
  • #446,725
  • May 23, 2011 1:38am May 23, 2011 1:38am
Quoting PayTheLimit
sticky business expected, think I'll look for 4025 to give way, and play for 3910...

Morning mate, Agree 100% with 1,402x, below that I a am a little bit more aggressive in the targets to 1380x and 1,34xx in general...

EUR/CHF is leading because of risk on EZ. A breach to all time lows is a massive signal of what is about to come. All eyes on that pair, if daily clean break 1.240x (all time lows break) on EUR/CHF, the momentum down in this pair is going to be very serious (1.34xx? at least).

On the TA side, daily confirmed LL and LH (downtrend) , weekly confirmed break to LL but still holding the highs (range), monthly with a few days left is claearly on retrace mode and is all HH and HL (uptrend).

I only have one level for this morning 1.404x (daily and weekly S) with max overshoot to the key 1,402x (swing low). Only shorts with a clean break below that level to 1.389x (intraday) and hold short if daily break confirmed .... and ONLY intraday fading on H4 for longs 1.404x to 1,415x no more....

Good luck today mate

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #446,726
  • May 23, 2011 1:40am May 23, 2011 1:40am
Euro staring right at 1.40. expect some sort of bounce there but only temporary
  • #446,727
  • May 23, 2011 1:48am May 23, 2011 1:48am
this is how my day started

Breakout channel 1.4911 to 1.3728 - Monthly
Current wide channel 1.4184 to 1.3728 - Weekly
Compressed channel 1.4184 to 1.4045 - Daily
Trading Range: 4155 Bias - 3985 Bias - L5 Sessions 4045 to 4345 = 300 pips
S/R Numbers: 4431/4377/4319/4275/4237/4184/4155/4104/4064/4014/3950
Dominant Trend: 4184 to 4014-4000 is Strong Range to Do Battle for
Breakouts


still holding shorts from 4911, 4775, 4665, 4529, 4399, 4240 and 4184

Ill potentially add more shorts with a break of 4000 to 3950-54 and a retest of 4000-4014


building this short position until we get to 3728 which will be pivotal
  • #446,728
  • May 23, 2011 1:52am May 23, 2011 1:52am
EU breakout target almost reached ( 4035) it has a potential to go even further beyond as s/l is around 4090 level.


5min chart exploited early breakout as I closed my position for 20 pips.

Dont wanna push EU beyond 35 as today is Monday.

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  • #446,729
  • May 23, 2011 1:55am May 23, 2011 1:55am
Quoting Wulfgar
....

Breakout channel 1.4911 to 1.3728 - Monthly
Current wide channel 1.4184 to 1.3728 - Weekly
Compressed channel 1.4184 to 1.4045 - Daily

Ill potentially add more shorts with a break of 4000 to 3950-54 and a retest of 4000-4014
Interesting numbers Wulfgar. I agree with most of those levels and directional bias.

London will make things clearer for this morning. Sell from the open or make a morning retrace/range noise first....let see

Good luck.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #446,730
  • May 23, 2011 1:55am May 23, 2011 1:55am
Quoting sisse
Morning mate, Agree 100% with 1,402x, below that I a am a little bit more aggressive in the targets to 1380x and 1,34xx in general...

EUR/CHF is leading because of risk on EZ. A breach to all time lows is a massive signal of what is about to come. All eyes on that pair, if daily clean break 1.240x (all time lows break) on EUR/CHF, the momentum down in this pair is going to be very serious (1.34xx? at least).

On the TA side, daily confirmed LL and LH (downtrend) , weekly confirmed break to LL but still holding the highs (range), monthly with...
GM mate, hope you had good weekend. Agree that EUR/CHF is important to monitor. Still think we need a bit of news to start the next leg lower, and despite the market being down so much this month, selling it 130 pips lower on the day sounds like madness, but I think you just have to put that aside in a strong trending market. Good luck today, talk later....looks like a test on LO is coming...

PS S&P's starting to look heavy....again, lol...bastards...lol
Look Sharp/Trade Tight
  • #446,731
  • May 23, 2011 1:57am May 23, 2011 1:57am
Quoting shripsfx
Euro staring right at 1.40. expect some sort of bounce there but only temporary
Yeah, agree, coz 1.40 is a round number and "fat-cats' will close some part of their short positions there.
  • #446,732
  • May 23, 2011 1:58am May 23, 2011 1:58am
Quoting sisse
Interesting numbers Wulfgar. I agree with most of those levels and directional bias.

London will make things clearer for this morning. Sell from the open or make a morning retrace/range noise first....let see

Good luck.

sisse

I agree we really need to see how the next few sessions pan out before setting any new positions


we are most definately in a risk on market with the USD surge
  • #446,733
  • May 23, 2011 1:59am May 23, 2011 1:59am
Quoting Mitserdof
Yeah, agree, coz 1.40 is a round number and "fat-cats' will close some part of their short positions there.
or...fat cats will add on a break below....
Look Sharp/Trade Tight
  • #446,734
  • May 23, 2011 1:59am May 23, 2011 1:59am
Oh, that was a fast run... just had breakfast and here we are... will we bounce?
  • #446,735
  • May 23, 2011 2:01am May 23, 2011 2:01am
here comes 1.40!!!!like a steam train at the moment
  • #446,736
  • May 23, 2011 2:01am May 23, 2011 2:01am
isn't she behaving beautifully again today. was a wussy again n closed at 40 though.
don't try to play any long levels here without proper confirm. dx/ex are just doing the perfect inverted play.
  • #446,737
  • May 23, 2011 2:02am May 23, 2011 2:02am
Sisse, they made it easy for me, sideliness for the first hour...awaiting further instructions...lol
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Look Sharp/Trade Tight
  • #446,738
  • May 23, 2011 2:03am May 23, 2011 2:03am
Quoting Mr Hatch
... will we bounce?
like a dead cat....morning brother...
Look Sharp/Trade Tight
  • #446,739
  • May 23, 2011 2:06am May 23, 2011 2:06am
Quoting PayTheLimit
like a dead cat....morning brother...
moooorning
  • #446,740
  • May 23, 2011 2:06am May 23, 2011 2:06am
Quoting PayTheLimit
Sisse, they made it easy for me, sideliness for the first hour...awaiting further instructions...lol

YEAP, that very early test to 1402x makes things a lot easier. AS you said time for a coffee and checking european index for the next hour or so ...nothing to do here but wait for further instructions....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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