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EURUSD

  • #447,581
  • May 24, 2011 4:03am May 24, 2011 4:03am
What a nice trade today i gain too much
  • #447,582
  • May 24, 2011 4:04am May 24, 2011 4:04am
Quoting samdani786
BEFORE & AFTER

cool, next?
Trend is everything.
  • #447,583
  • May 24, 2011 4:05am May 24, 2011 4:05am
Quoting Kanunsuz
What a nice trade today i gain too much
Control your emotions or your ass will really hurt on your next trade :s
COT: The precious data ignored
  • #447,584
  • May 24, 2011 4:05am May 24, 2011 4:05am
Quoting Polkm
well, that pin went well....

let's see if that 1.4100 res holds out.

Out at 4076. (probably stupid...)
  • #447,585
  • May 24, 2011 4:06am May 24, 2011 4:06am
Euro is just hanging in the balance for now. Any other negative news (probably later today will cause it to tank, possibly hitting 1.3700 and beyond.

Complete head and shoulders has formed on the daily chart and the neck line has been broken, signalling potential large downward move. The announcement about the Greek asset sales is keepingit bouyant but sooner rather than later, its going to fall. The question is at what price???

I'm looking at 1.4150??

Any ideas guys?
  • #447,586
  • May 24, 2011 4:07am May 24, 2011 4:07am
Quoting migelus
pic :]
Not quite... that is the 'non-existent' gap, which has been debated to death.

Magix is the fountain of knowledge when it comes to back fills, but as you can see from the attached screenshot, I have marked off when London closed on Friday and price needs to go back there in order to back fill. If you use the attached indicator on the hourly, you can see how London has to see all of the price ranges, nearly all of the time. This can also be true of other sessions too. I use it as a confluence... ultimately it is all about supply and demand.

Attached Image (click to enlarge)
Click to Enlarge Name: Back fill.png Size: 69 KB


Session MT4 indicator:
Attached File(s)
File Type: mq4 Auto_Sessions_v_1.7.mq4   8 KB | 352 downloads
  • #447,587
  • May 24, 2011 4:09am May 24, 2011 4:09am
Quoting kuroro001
Control your emotions or your ass will really hurt on your next trade :s
You are absoulty right dude i need control my self ..
  • #447,588
  • May 24, 2011 4:11am May 24, 2011 4:11am
Quoting PayTheLimit
yes, I've sold a bit towards the highs, will sell more if hourly fades....
sold a few more AUD, stops above the highs...play for the lower mofu...1.0439.. got to run out...bbl, PTL
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 18 KB
Look Sharp/Trade Tight
  • #447,589
  • May 24, 2011 4:16am May 24, 2011 4:16am
Bund 10y on post-gap fib support.

Attached Image (click to enlarge)
Click to Enlarge Name: bund 10y 30 mins.JPG Size: 83 KB
  • #447,590
  • May 24, 2011 4:18am May 24, 2011 4:18am
Why it is failing so slow any support on 1.4077 ?
  • #447,591
  • May 24, 2011 4:19am May 24, 2011 4:19am
Quoting Kanunsuz
Why it is failing so slow any support on 1.4077 ?
Yea, 4072. H1 support.
  • #447,592
  • May 24, 2011 4:21am May 24, 2011 4:21am
Quoting kanunsuz
why it is failing so slow any support on 1.4077 ?
be patient, it will collapse ! We just need fresh news from the greeks.
  • #447,593
  • May 24, 2011 4:21am May 24, 2011 4:21am
Quoting kuroro001
Why shorting when it's printing new high ? you guys like to guess top and bottom...see you higher, but shorts will probably be in profits anyway so it's good for everybody
This is my 15 min Chart with Reasons to short. Still ready to kill if it goes back above 4100. " Guess " has no reason. When you have reasons, its not guesing.
Attached Image (click to enlarge)
Click to Enlarge Name: 203 15 min 5-24-11.gif Size: 40 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #447,594
  • May 24, 2011 4:22am May 24, 2011 4:22am
Quoting HedgieKing
Euro is just hanging in the balance for now. Any other negative news (probably later today will cause it to tank, possibly hitting 1.3700 and beyond.

Complete head and shoulders has formed on the daily chart and the neck line has been broken, signalling potential large downward move. The announcement about the Greek asset sales is keepingit bouyant but sooner rather than later, its going to fall. The question is at what price???

I'm looking at 1.4150??

Any ideas guys?

Agreed. Last major leg up looks like the classic Elliott Wave trend, with 1,2,3,4,5 and collapse. I think this leg down will be the same, and it might even hit 1.1700 or lower. 1.60, 1.50, then almost 1.50, is a long term resistance fail, EUR/USD is gonna collapse, until you hear the news of USD's out of control inflation for 2 quarters consecutively, then its time to watch for contrarian signal.
  • #447,595
  • May 24, 2011 4:23am May 24, 2011 4:23am
Quoting fx111
Yea, 4072. H1 support.
No clear trend on intraday basis. Exploiting the breakout was the best option. Now if u compare ADX u can see that 4h is still bearish
  • #447,596
  • May 24, 2011 4:24am May 24, 2011 4:24am
Quoting The
cool, next?
3880
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #447,597
  • May 24, 2011 4:25am May 24, 2011 4:25am
For me 4064 is a turning point towards south.
  • #447,598
  • May 24, 2011 4:25am May 24, 2011 4:25am
Quoting samdani786
This is my 15 min Chart with Reasons to short. Still ready to kill if it goes back above 4100. " Guess " has no reason. When you have reasons, its not guesing.
Im out of trade at the moment TP was hit ( 4100) but I like ur chart. I was using a similar setup for counter trend/ range trades thou on H1 chart.
  • #447,599
  • May 24, 2011 4:26am May 24, 2011 4:26am
Quoting Kanunsuz
Why it is failing so slow any support on 1.4077 ?
If you love 5mn chart, check it and look at the beautiful bull setup...good buy at 1,4075-80
COT: The precious data ignored
  • #447,600
  • May 24, 2011 4:27am May 24, 2011 4:27am
Quoting samdani786
This is my 15 min Chart with Reasons to short. Still ready to kill if it goes back above 4100. " Guess " has no reason. When you have reasons, its not guesing.
Yes right, you need a reason, and good reason for you....whish you success with it!
COT: The precious data ignored
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