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EURUSD

  • #493,541
  • Jul 19, 2011 10:46am Jul 19, 2011 10:46am
http://www.sgtradefx.com/wp-content/...is-perfect.png

I was out the whole day, so I did not manage to catch a nice move by EURUSD today.....Price broke out of the downtrend channel and it actually shot back down after reaching point B but a white bullish candle soon followed the black bearish candle ( Bullish Engulfing Candlestick pattern) and this shows that support is very strong for EURUSD at the region.



This to me means a BUY signal. If I was monitoring this pair, I would have definitely entered into it but I was not......Anyway, using Gartley AB=CD, price target of EURUSD will be at E161.8% since it retraced to Fibo 61.8%.



As you can see from the chart, this will be a trade whereby if you risked x, you could have gotten back 2x. Let's see how EURUSD moves from here.



TP = Take Profit

SL = Stop Loss

EP = Entry Price
  • #493,542
  • Jul 19, 2011 10:47am Jul 19, 2011 10:47am
Quoting chazzle
at friday close again - long scalp
took a few - could be capped under 70 now
  • #493,543
  • Jul 19, 2011 10:48am Jul 19, 2011 10:48am
Quoting darimik
I am riding heavier than usual on this trade.

Attachment
Are you short? intraday? ...missed the fun today (out of office) so I am bit out of synch intraday.

It looks topish intraday but there is still "plenty" of room in daily and we have the never ending meeting for the FA trigger...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #493,544
  • Jul 19, 2011 10:50am Jul 19, 2011 10:50am
gator,

Nice job today on the call....I missed the move as well....

When you say 4054 and mid 4095...you mean a bounce from 4054 to possibly the mid?..............and then play it again for a Short?

Thanks
  • #493,545
  • Jul 19, 2011 10:53am Jul 19, 2011 10:53am
4211 retested and failed
  • #493,546
  • Jul 19, 2011 10:54am Jul 19, 2011 10:54am
Quoting gatorinla
i will miss this one.. but i like tight s/l... im up 2% today on the earlier failed trade. a failed tp and im up.. its the r/r 4134/35 may act protected. if failed 4054 is in the sights with a mid at 4095... but that doesn't mean we don't go deeper.. the bigger ones are still valid to 33xx.. 4054 is the shorter one i have. but 4134 has to be poked for bears... if not its a long with risk at 4134... #493555
pls bro

what about EURCHF now??
  • #493,547
  • Jul 19, 2011 10:54am Jul 19, 2011 10:54am
Quoting sisse
Are you short? intraday? ...missed the fun today (out of office) so I am bit out of synch intraday.

It looks topish intraday but there is still "plenty" of room in daily and we have the never ending meeting for the FA trigger...

sisse
yes.. I am short. loaded up heavy in the 90s, then have a few at 71 and 57 from a while ago going to watch the new lows for some clues as far as what to do next

agreed on the second part too exactly what I posted

Quoting darimik
shorter term chart, may have topped. however the daily still has some left.. added a few shorts at 90 and 94. missed the good entries.
  • #493,548
  • Jul 19, 2011 10:59am Jul 19, 2011 10:59am
You guys having fun yet? Some of you know what I am looking at on the hourly......
  • #493,549
  • Jul 19, 2011 11:00am Jul 19, 2011 11:00am
Quoting Pipwanderer
4211 retested and failed
yeah but the bull at top now still very healthy , may go again & again . even breaks the low & limit level 4135 beacsue then it will be total mofu play up & does not care any waves or limits or anything. classical bull set up at top. and previous camel head formulla be applied.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #493,550
  • Jul 19, 2011 11:00am Jul 19, 2011 11:00am
Someone just chucked some paint/foam [?] over Murdoch live on the telly here during the hearings. His wife got a good swing in, in the process.
  • #493,551
  • Jul 19, 2011 11:00am Jul 19, 2011 11:00am
Quoting cloggie
You guys having fun yet? Some of you know what I am looking at on the hourly......
the important level 1.4140 from the other days?
  • #493,552
  • Jul 19, 2011 11:07am Jul 19, 2011 11:07am
Quoting cloggie
Someone just chucked some paint/foam [?] over Murdoch live on the telly here during the hearings. His wife got a good swing in, in the process.
shaving cream. And Murdochs wife smacked him good!
  • #493,553
  • Jul 19, 2011 11:07am Jul 19, 2011 11:07am
Quoting darimik
yes.. I am short. loaded up heavy in the 90s, then have a few at 71 and 57 from a while ago going to watch the new lows for some clues as far as what to do next

agreed on the second part too exactly what I posted
Nicely done. I am checking after the fact, first decent day TA in the euro since last Wednesday.... Too late to jump in to any side. Looking without much conviction for a potential bear trap intraday on the close to complete the move up (decent amount of sellers now in the boat) but limited to the last breakout point 1.414x....below will cancel all...well good luck managing those shorts.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #493,554
  • Jul 19, 2011 11:09am Jul 19, 2011 11:09am
Quoting IMARICH1
gator,

Nice job today on the call....I missed the move as well....

When you say 4054 and mid 4095...you mean a bounce from 4054 to possibly the mid?..............and then play it again for a Short?

Thanks
no... it means we should go to 4054... and the 1/2 way point is 4095.. 4095 is a mofu area. of that move if 34 is touched. if 34 is touched the bounce would be shorted. if 34 is not touched its bullish. but if i was in the trade.. it would of been much higher. as posted earlier.
those who can, do. those who cant, talk about those who can
  • #493,555
  • Jul 19, 2011 11:09am Jul 19, 2011 11:09am
Quoting fontu
yeah but the bull at top now still very healthy , may go again & again . even breaks the low & limit level 4135 beacsue then it will be total mofu play up & does not care any waves or limits or anything. classical bull set up at top. and previous camel head formulla be applied.
fontu
that very true
  • #493,556
  • Jul 19, 2011 11:10am Jul 19, 2011 11:10am
is anyone having connection issues because my broker just stated "As the original message said, FX Trading is currently halted. There is an issue with bank execution at the moment"
mbtrading
  • #493,557
  • Jul 19, 2011 11:11am Jul 19, 2011 11:11am
Quoting egymedo
pls bro

what about EURCHF now??
the same thing.. just change the names.
those who can, do. those who cant, talk about those who can
  • #493,558
  • Jul 19, 2011 11:12am Jul 19, 2011 11:12am
Quoting piptornado
shaving cream. And Murdochs wife smacked him good!
Hope David Haye was watching - that was a sweet Haymaker!

Not sure what security were being paid to do.
  • #493,559
  • Jul 19, 2011 11:15am Jul 19, 2011 11:15am
please be specific if u may.....what is it that u see on h 1



Quoting cloggie
You guys having fun yet? Some of you know what I am looking at on the hourly......
We cannot direct the winds but we can adjust our sail.
  • #493,560
  • Jul 19, 2011 11:15am Jul 19, 2011 11:15am
Quoting piptornado
And Murdochs wife smacked him good!

Best part of the hearing. The old man is fading.
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