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  • #495,161
  • Jul 20, 2011 6:17pm Jul 20, 2011 6:17pm
  •  mrmat
  • | Joined Sep 2010 | Status: One day I shall leave the temple | 131 Posts
Shorting EUR.CHF... at 1.74.. 1.77 is .38 retrace... SL at 1.75... EDIT - now at BE

small position.. VERY risky.. a lil' scary but it's close enough to my 1.1777-1.18 area to roll the dice a lil... gonna go to BE on SL very soon as well...
  • #495,162
  • Jul 20, 2011 6:17pm Jul 20, 2011 6:17pm
s/l to b/e. and surfing the oblique support started at 15:18 yesterday
  • #495,163
  • Jul 20, 2011 6:19pm Jul 20, 2011 6:19pm
Quoting PhAnTi'
asking myself why i didnt buy this weekly bar....it's that easy,isnt it? ; p

Attachment
i have never really looked at candlesticks on the weekly i just forcus on M5 to trying learn how pa moves and reacts but on weekly chart that you posted there was 3 patterns

there was the hammer in the circle you posted then 10 candles to left have a bearish engulf then 26 candles to left of the circle you have railway tracks but im not that keen on trading pinbars and hammers unless there big hammers on m5 guess can count them 2 railway tracks aswell to the left of circle
  • #495,164
  • Jul 20, 2011 6:22pm Jul 20, 2011 6:22pm
Quoting PhAnTi'
sure not....anyway me personally still prefer 1.3xxx area instead of 1.5xxx....but what the heck do i know,

euro crisis still alive, focusing italy, greece still in deep shit,italy as well, even though germany and france will pump em with money, france got a big american airlines order etc. pp....

anyway as long as us dollar stays weak it will be difficult to break lows or rather get lower....

lets c
mind you the us budget deficit is on the brink of going to hell in a hand-basket also...
  • #495,165
  • Jul 20, 2011 6:22pm Jul 20, 2011 6:22pm
Hello! can anybody help?

wich level is possible for a correction?

1422? lower?

thank you
  • #495,166
  • Jul 20, 2011 6:23pm Jul 20, 2011 6:23pm
Quoting Torpedo
Hello! can anybody help?

wich level is possible for a correction?

1422? lower?

thank you
1.4237 is the break out level...this is now line of support...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #495,167
  • Jul 20, 2011 6:23pm Jul 20, 2011 6:23pm
took my money at 4263 +60 pips... some hard earned pips there.... will wait for net play
  • #495,168
  • Jul 20, 2011 6:24pm Jul 20, 2011 6:24pm
a bit of a key level we have here on usdx...

Attached Image
  • #495,169
  • Jul 20, 2011 6:24pm Jul 20, 2011 6:24pm
Quoting PhAnTi'
asking myself why i didnt buy this weekly bar....it's that easy,isnt it? ; p

Attachment
Venice again in 3....2....1.....
  • #495,170
  • Jul 20, 2011 6:25pm Jul 20, 2011 6:25pm
very dangerous right now to short risk trades....good supply just above 4201 now
  • #495,171
  • Jul 20, 2011 6:25pm Jul 20, 2011 6:25pm
Quoting attila
you've probably been short and now you're trying to justify you holding it or something.... you may get lucky though. but only luck will get you out of your shorts.
Aren't you just justifying your own long that you entered somewhere at fifties, lol. I didn't short it.

You see, the volumes are fading, it cannot go break the resistance with that volume. If there's going to be any major buyers, the risk is here just 15p vs. the reward 30p (the US session highs) - 100p (the US session lows).

Why to short:
- resistance at .82 (15p from there)
- the volume's fading, no fuel to fuel the major breakout that is breaking .82
- this is still a headline, not an actual decision. I guess Merkel and Sarkozy are still sleeping, and by the way, Finns are not going to accept the package because they're urging for collateral securities

It's all about probabilities here.
  • #495,172
  • Jul 20, 2011 6:25pm Jul 20, 2011 6:25pm
Quoting Magix
1.4237 is the break out level...this is now line of support...

thx
  • #495,173
  • Jul 20, 2011 6:25pm Jul 20, 2011 6:25pm
Quoting Torpedo
Hello! can anybody help?

wich level is possible for a correction?

1422? lower?

thank you
1422`??

anyway in out of here, gn8

c y
Hero calls followed by margin calls...
  • #495,174
  • Jul 20, 2011 6:27pm Jul 20, 2011 6:27pm
Quoting FibbinArchie
mind you the us budget deficit is on the brink of going to hell in a hand-basket also...
and with no growth to account for it... well they are digging a deep hole
  • #495,175
  • Jul 20, 2011 6:27pm Jul 20, 2011 6:27pm
Quoting mfoste1
very dangerous right now to short risk trades....
Maybe the safest place to short, imo. Only a 15-17p risk vs. >2:1 reward + the volume thus the momentum's fading because of the Asian session.

Entered myself a small short at .67, with a 16p SL.
  • #495,176
  • Jul 20, 2011 6:27pm Jul 20, 2011 6:27pm
Quoting Magix
1.4237 is the break out level...this is now line of support...
^^^ TITCR
  • #495,177
  • Jul 20, 2011 6:28pm Jul 20, 2011 6:28pm
sorry what 50s? 4250 or 4150? LOL. check it out mister. I've been long since yesterday. duh. I think I had about 15 longs closed today.
check your facts first. This one is 33 hours ago. LOL

Quoting attila
It's going up, 4260 looks pretty good. I don't know what analysis are people looking for. Price is moving from the bottom left to the upper right side of my charts and 4260 looks like a good place to park.
Quoting matlock
Aren't you just justifying your own long that you entered somewhere at fifties, lol. I didn't short it.

You see, the volumes are fading, it cannot go break the resistance with that volume. If there's going to be any major buyers, the risk is here just 15p vs. the reward 30p (the US session highs) - 100p (the US session lows).

Why to short:
- resistance at .82 (15p from there)
- the volume's fading, no fuel to fuel the major breakout that is breaking .82
- this is still a headline, not an actual decision. I guess Merkel and Sarkozy are still...
  • #495,178
  • Jul 20, 2011 6:30pm Jul 20, 2011 6:30pm
Quoting darimik
and with no growth to account for it... well they are digging a deep hole
a lot of it going about, if you buy into the tin foil hat wearing conspiracy brigade then it's an engineered global economic collapse...
  • #495,179
  • Jul 20, 2011 6:30pm Jul 20, 2011 6:30pm
Quoting matlock
Maybe the safest place to short, imo. Only a 15p risk vs. >2:1 reward + volumes fading because of the Asian session.
This is actually the top that TK never played last time we were in the area...never bought or sold this top...

This is also the next level of resistance after daily support...daily to H4 200 EMA...

http://www.forexfactory.com/showthre...66#post4793766

Was kinda expecting to hit here during London or NY, but really, market will take what ever time it needs to go where it wants to go...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #495,180
  • Jul 20, 2011 6:30pm Jul 20, 2011 6:30pm
Quoting matlock
Maybe the safest place to short, imo. Only a 15p risk vs. >2:1 reward + volumes fading because of the Asian session.

not if it builds high base above 4255, i see the short setup, i just dont like it. asian players will most likely be covering their shorts before the news today
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