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  • #1,021
  • Jul 26, 2011 4:13am Jul 26, 2011 4:13am
Quoting T@rantula
Double top on h1.

Could be indeed good for shorts with tight stop. Again rinse and repeat.

Lets see the news first.
Yes, shorts are valid.

Whoever took it, we are on important level atm 4470. We could jump now
  • #1,022
  • Jul 26, 2011 4:40am Jul 26, 2011 4:40am
Closed my short at 1.447: +25pips. As this is counter trade, I prefer to be safe than sorry

Gold is still going down but almost no move from USDX - may be nothing major will happen until the news this afternoon. Dollar is very weak, it needs fundies to propel it up.

We are still in the M5 bullflag I mentionned earlier on. above 1.4486, this may shoot up again.

I may reload S close to the UTL of M5 bullflag (around 1.4485 with 5/10 pips SL). If this is a retrace I'd like to see 1.445.
  • #1,023
  • Jul 26, 2011 4:53am Jul 26, 2011 4:53am
Quoting BrunargarFx
Closed my short at 1.447: +25pips. As this is counter trade, I prefer to be safe than sorry

Gold is still going down but almost no move from USDX - may be nothing major will happen until the news this afternoon. Dollar is very weak, it needs fundies to propel it up.

We are still in the M5 bullflag I mentionned earlier on. above 1.4486, this may shoot up again.

I may reload S close to the UTL of M5 bullflag (around 1.4485 with 5/10 pips SL). If this is a retrace I'd like to see 1.445.
Retrace it is, but we are nearing the consolidation and possible profit taking if any.

Double top has confirmed the shorts. 4465 is crucial here. Open h4. What do u see? A rejection of 4526. The candle has responded. We may see 4404.
  • #1,024
  • Jul 26, 2011 5:02am Jul 26, 2011 5:02am
Bullish hammer on H1 vs MM level-confluence.

I will try an entry here

E: 1.4472
S/l:1.4455

TP: at will
  • #1,025
  • Jul 26, 2011 5:09am Jul 26, 2011 5:09am
Quoting BrunargarFx
Closed my short at 1.447: +25pips. As this is counter trade, I prefer to be safe than sorry

Gold is still going down but almost no move from USDX - may be nothing major will happen until the news this afternoon. Dollar is very weak, it needs fundies to propel it up.

We are still in the M5 bullflag I mentionned earlier on. above 1.4486, this may shoot up again.

I may reload S close to the UTL of M5 bullflag (around 1.4485 with 5/10 pips SL). If this is a retrace I'd like to see 1.445.

Dollar is weak and very soon the US debt situation will be a major part of the news media and the USD will have an even rougher time. As i have stated numerous times on the EU thread, 1.3850-1,3950 is a very strong demand Zone. Euro is on the way to 1.50 and then 1.60. But keep the big picture in mind, the USD is in an accumulation phase. The Euro problems are present in full force and will lead to the breakup of the Eurozone and very likely the EU itself. By the way, very nice thread.
  • #1,026
  • Jul 26, 2011 5:16am Jul 26, 2011 5:16am
Quoting T@rantula
Bullish hammer on H1 vs MM level-confluence.

I will try an entry here

E: 1.4472
S/l:1.4455

TP: at will

+10 closed some. BE 2nd part
  • #1,027
  • Jul 26, 2011 5:22am Jul 26, 2011 5:22am
Quoting SirMcPip
Dollar is weak and very soon the US debt situation will be a major part of the news media and the USD will have an even rougher time. As i have stated numerous times on the EU thread, 1.3850-1,3950 is a very strong demand Zone. Euro is on the way to 1.50 and then 1.60. But keep the big picture in mind, the USD is in an accumulation phase. The Euro problems are present in full force and will lead to the breakup of the Eurozone and very likely the EU itself. By the way, very nice thread.
Some people just dont get it that the debt and a possible default of US has a global impact. And I agree with you concerning USD accumulation phase.

US dollar is still the primary currency used in foreign exchange transaction.

Thanks.
  • #1,028
  • Jul 26, 2011 5:23am Jul 26, 2011 5:23am
Yes, 1.4465 is crucial.

My M5 bullflag corresponds to profit taking from this morning. The upper TL is now broken and I still have not seen a strong rejection of 1.4465 level. EUr/USD may range until NY open and news (?)

I'd like to see another test of 1.4465 (and teh associated reaction) before opening a long
PS: Why is your SL 1.4455? If it breaks 1.4465, aren't we likely to visit 1.4440?


Quoting T@rantula
Retrace it is, but we are nearing the consolidation and possible profit taking if any.

Double top has confirmed the shorts. 4465 is crucial here. Open h4. What do u see? A rejection of 4526. The candle has responded. We may see 4404.
  • #1,029
  • Jul 26, 2011 5:26am Jul 26, 2011 5:26am
Quoting BrunargarFx
PS: Why is your SL 1.4455? If it breaks 1.4465, aren't we likely to visit 1.4440?
10 pips below the strong support. Thats why I have already closed +10 and rest on BE
  • #1,030
  • Jul 26, 2011 5:42am Jul 26, 2011 5:42am
That's a good play.
Thanks
Quoting T@rantula
10 pips below the strong support. Thats why I have already closed +10 and rest on BE
  • #1,031
  • Jul 26, 2011 5:43am Jul 26, 2011 5:43am
Quoting BrunargarFx
That's a good play.
Thanks
10 pips .aw well..
  • #1,032
  • Jul 26, 2011 5:45am Jul 26, 2011 5:45am
Will buy EU around 35.............
Attached Image (click to enlarge)
Click to Enlarge Name: 26theu.gif Size: 21 KB
  • #1,033
  • Jul 26, 2011 5:50am Jul 26, 2011 5:50am
The H4 looks like a Hanging man, which is a bearish pattern formation. I'm waiting for the close in 12mins
  • #1,034
  • Jul 26, 2011 5:53am Jul 26, 2011 5:53am
Quoting BrunargarFx
The H4 looks like a Hanging man, which is a bearish pattern formation. I'm waiting for the close in 12mins
Cant see the hanging man. Can u post ur H4 pls?
  • #1,035
  • Jul 26, 2011 5:54am Jul 26, 2011 5:54am
Quoting Munal
Will buy EU around 35.............
Yes 4440-4435
  • #1,036
  • Jul 26, 2011 6:01am Jul 26, 2011 6:01am
Quoting T@rantula
Yes 4440-4435
  • #1,037
  • Jul 26, 2011 6:09am Jul 26, 2011 6:09am
DCC on EU h4.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 96 KB
  • #1,038
  • Jul 26, 2011 6:13am Jul 26, 2011 6:13am
Hanging man confirmed on EU H4.

I'll be looking for a short around 1.4484 (top of trading range: 1.4484 - 1.4463). 10 SL
Target 1.4440 and 1.4400



Quoting BrunargarFx
The H4 looks like a Hanging man, which is a bearish pattern formation. I'm waiting for the close in 12mins
  • #1,039
  • Jul 26, 2011 6:14am Jul 26, 2011 6:14am
Hi,
something interesting I have noticed on EURJPY H4 chart:
EURJPY has reached the strong resistance of the measured geometry of the Fibonacci 50% of the recent wave of decline, further limiting strengthens the upper layer of clouds Ichimoku (interval H4), It is interesting to also note that the price twice already tested a strong resistance area, located on the May or June lows ( blue lines), while creating a triangular arrangement ABCDE as a correction. The confirmation of the scenario of succession will keep the price below the 113.70 level and then break free of the lower limit of the triangle.

Hpe it helps,
Seb
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy-h4.jpg Size: 176 KB
Click to Enlarge Name: eurjpy-h4ichi.jpg Size: 110 KB
  • #1,040
  • Jul 26, 2011 6:18am Jul 26, 2011 6:18am
Dont be traped..........
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