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  • #461
  • Jul 15, 2011 5:58am Jul 15, 2011 5:58am
Quoting FX-Ray
Yeah around 6pm GMT, perfect szenario for me would be a strong move down to 1,42125 (or further) and a strong reversal up for a short squeeze. Let´s see how this develope.
Yes ... let's see FX-Ray ...

It can bounce later ...

Be prepaired and stay tuned ...


See you later ...

GL (Däumchen drück ...)



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #462
  • Jul 15, 2011 5:59am Jul 15, 2011 5:59am
Quoting mercy seat
Following has been a conversation at another place:

"At the moment I am neutral regarding EUR/USD, as CPI data at 14:30 CET and ECB stress tests make it highly unpredictable."

And ...

It may trade up to 1.4290 and down to 1.3950, depends on the data and news from stress tests ...




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This could be also in play
  • #463
  • Jul 15, 2011 6:00am Jul 15, 2011 6:00am
Quoting mercy seat
Yes ... let's see FX-Ray ...

It can bounce later ...

Be prepaired and stay tuned ...


See you later ...

GL (Däumchen drück ...)



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See you
  • #464
  • Jul 15, 2011 6:13am Jul 15, 2011 6:13am
Quoting T@rantula
4100 is being defended, but it has been wounded. 4125 is the first support above 4100 round number support.

Projection even goes to 4030
Confirmed!
Attached Image (click to enlarge)
Click to Enlarge Name: confirmed.JPG Size: 155 KB
  • #465
  • Jul 15, 2011 6:15am Jul 15, 2011 6:15am
AB/CD pattern on RSI shows 4085.

Im inclined also to count in ATR which gives us a target of 4030.

Watch the RSI chart. Negative reversal formed on EU at the top of the channel.


Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 38 KB
  • #466
  • Jul 15, 2011 6:21am Jul 15, 2011 6:21am
Quoting FX-Ray
Confirmed!
Beautiful Gauß-Curve ! ! !

You are welcome ... I do love people who do have own ideas and approach ... and you are obviously one of them ...

See you later ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #467
  • Jul 15, 2011 6:22am Jul 15, 2011 6:22am
Quoting mercy seat
Beautiful Gauß-Curve ! ! !

You are welcome ... I do love people who do have own ideas and approach ... and you are obviously one of them ...

See you later ...



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Thanks mercy, nice hearing this from you
  • #468
  • Jul 15, 2011 6:29am Jul 15, 2011 6:29am
Quoting FX-Ray
Thanks mercy, nice hearing this from you
Welcome aboard
  • #469
  • Jul 15, 2011 6:42am Jul 15, 2011 6:42am
Quoting T@rantula
Welcome aboard
Thanks
  • #470
  • Jul 15, 2011 7:42am Jul 15, 2011 7:42am
Ok scalping short all day long.

Selling rallies up. Guys that a way to go. Just pay attentio to stress test. I advise closing ALL open trades 1h prior to event.
  • #471
  • Jul 15, 2011 8:00am Jul 15, 2011 8:00am
Quoting T@rantula
Ok scalping short all day long.

Selling rallies up. Guys that a way to go. Just pay attentio to stress test. I advise closing ALL open trades 1h prior to event.
Yes ... it's a FRIDAY ... therefore I did not do that much as well ...

Only took a short entry from 1.4230 ... which I did cover now at 1.4212 ...

In other words no big deals ...

And it looks again ... as if we could see some upside again ...

Stress test results in three hours ...

That's when LONDON will have left us ... not that funny as well ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #472
  • Jul 15, 2011 8:02am Jul 15, 2011 8:02am
This is futures volume chart based on Chicago Merc.
The critical is the blue rectangle area: 1.4146 - 1.4096.
If the stress test results will be worse then expected we might go down as low as 1.3974 - 1.3962 today where options PUT orders are, acting as a freaky friday scenario ( 1.3974 is green line on chart - 61.8% previous Fib).

Good luck,
Seb

EDIT: On a way down there is high volume area on 1.4029 that might provide some support.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1 vol.jpg Size: 122 KB
  • #473
  • Jul 15, 2011 8:04am Jul 15, 2011 8:04am
scalp up
Attached Image (click to enlarge)
Click to Enlarge Name: lon17.JPG Size: 62 KB
  • #474
  • Jul 15, 2011 8:09am Jul 15, 2011 8:09am
Quoting T@rantula
AB/CD pattern on RSI shows 4085.

Im inclined also to count in ATR which gives us a target of 4030.

Watch the RSI chart. Negative reversal formed on EU at the top of the channel.


Attachment
Great leading of RSI. Again good job.
  • #475
  • Jul 15, 2011 8:11am Jul 15, 2011 8:11am
Quoting Flynchenberg
This is futures volume chart based on Chicago Merc.
The critical is the blue rectangle area: 1.4146 - 1.4096.
If the stress test results will be worse then expected we might go down as low as 1.3974 - 1.3962 today where options PUT orders are, acting as a freaky friday scenario ( 1.3974 is green line on chart - 61.8% previous Fib).

Good luck,
Seb

EDIT: On a way down there is high volume area on 1.4029 that might provide some support.
A good example of a probable PA. It goes along with my projections
  • #476
  • Jul 15, 2011 8:12am Jul 15, 2011 8:12am
Quoting mercy seat
Yes ... it's a FRIDAY ... therefore I did not do that much as well ...

Only took a short entry from 1.4230 ... which I did cover now at 1.4212 ...

In other words no big deals ...

And it looks again ... as if we could see some upside again ...

Stress test results in three hours ...

That's when LONDON will have left us ... not that funny as well ...



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Exactly, there will be such a volatility in 3h
  • #477
  • Jul 15, 2011 8:13am Jul 15, 2011 8:13am
Quoting FX-Ray
scalp up
Good scalping the rejection countering the trend. I was scalping main intraday trend..Selling the retracements.
  • #478
  • Jul 15, 2011 8:17am Jul 15, 2011 8:17am
Quoting T@rantula
Good scalping the rejection countering the trend. I was scalping main intraday trend..Selling the retracements.
Yes ... countertrend moves are often very fast ... that's why they are soo tempting ...


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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #479
  • Jul 15, 2011 8:21am Jul 15, 2011 8:21am
Quoting mercy seat
Yes ... countertrend moves are often very fast ... that's why they are soo tempting ...


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Have a strong liking for counter trades
  • #480
  • Jul 15, 2011 8:29am Jul 15, 2011 8:29am
Quoting FX-Ray
Have a strong liking for counter trades
Me too sometimes ...

But we must be aware that it is a countertrend trade then ... as the most profitable ones are the long waves of course ...


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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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