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  • #1,821
  • Aug 11, 2011 4:35am Aug 11, 2011 4:35am
Good Morning,

Simple view

A) Double top has been formed
B) Channel showing a downward move
C) Price unable to break and close above monthly pivot and weekly pivot both very strong

Close below DP short it on confirmation
Close above MP and WP go long

Till then wait on the sidelines

E) Also a big buyer is still buying these bonds around 197 ish

F) Close above 1.4360 is trend reversal

G) Important figure from yesterday 1.4260

Have a good day

Black Widow
Attached Image (click to enlarge)
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Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #1,822
  • Aug 11, 2011 4:51am Aug 11, 2011 4:51am
EURCHF..........

Lot of Big Resistance Around........

Monthly, Weekly, Daily R2 and 100 SMA ........ though trendline is holding it nicely so far and confluence of FIb Level......
Attached Image (click to enlarge)
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  • #1,823
  • Aug 11, 2011 5:03am Aug 11, 2011 5:03am
TP Hit, I've partially closed some -think we may see lower today (expecting small rebound now)
Blackwidow, I apologise for not sending charts - can't when at work but will restrain to post in the future.
Just thought I had a good set up.
Quoting BrunargarFx
Entry 1.4270
SL: 1.4295 (i.e above H4 S/R @ 1.4285)
TP: 1.4162
  • #1,824
  • Aug 11, 2011 5:06am Aug 11, 2011 5:06am
On the Left......... Lets see........ EURUSD 15mtf...... make or break...
Attached Image (click to enlarge)
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  • #1,825
  • Aug 11, 2011 5:08am Aug 11, 2011 5:08am
Again...


The direction we posted was right. 4185 has been hit.
  • #1,826
  • Aug 11, 2011 5:09am Aug 11, 2011 5:09am
Quoting BrunargarFx
TP Hit, I've partially closed some -think we may see lower today (expecting small rebound now)
Blackwidow, I apologise for not sending charts - can't when at work but will restrain to post in the future.
Just thought I had a good set up.
  • #1,827
  • Aug 11, 2011 5:16am Aug 11, 2011 5:16am
Quoting BrunargarFx
TP Hit, I've partially closed some -think we may see lower today (expecting small rebound now)
Blackwidow, I apologise for not sending charts - can't when at work but will restrain to post in the future.
Just thought I had a good set up.
No reason to apologise ...

This has been one of the best posts here within the last 3 hours ...

And we would have been able to such things as well if there were no distractions from parties not welcome here ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,828
  • Aug 11, 2011 5:17am Aug 11, 2011 5:17am
Quoting BrunargarFx
TP Hit, I've partially closed some -think we may see lower today (expecting small rebound now)
Blackwidow, I apologise for not sending charts - can't when at work but will restrain to post in the future.
Just thought I had a good set up.
My Friend this is not an issue..If you are at work I understand then atleast
Put the logic down behind the trade....

I am just trying to ensure we dont get in the practice of ....

(short here long here I made 200 pips...I shorted all the way..from xxx....I told you so bs....I was right all the way ...this creates a garbage can...Me and tarantula post profits and losses and that is the way to work my friend)

Good Luck well done on your pips

Regards
Black Widow
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #1,829
  • Aug 11, 2011 5:33am Aug 11, 2011 5:33am
Hi Blackwidow,
thanks for your kind answer.
You are absolutely right
I don't want this excellent thread to become like the EUR/USD one.
I also posted the reasons of my trade just after I posted my entry.
(Reason for my trade is that we've moved above ADP already, and it looks like it's having difficulty to pass the 50% drop level of yesterday's range (I have... 1.4262).
Also We now have a DT on M5.)

Thanks for your posts, always much appreciated.
B.

http://www.forexfactory.com/images/m...ading_dark.gif


Quoting BlackWid0w
My Friend this is not an issue..If you are at work I understand then atleast
Put the logic down behind the trade....

I am just trying to ensure we dont get in the practice of ....

(short here long here I made 200 pips...I shorted all the way..from xxx....I told you so bs....I was right all the way ...this creates a garbage can...Me and tarantula post profits and losses and that is the way to work my friend)

Good Luck well done on your pips

Regards
Black Widow
  • #1,830
  • Aug 11, 2011 6:00am Aug 11, 2011 6:00am
MARKET TALK (unconfirmed) that ECB is buying Italian and Spanish gov. debt ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,831
  • Aug 11, 2011 6:52am Aug 11, 2011 6:52am
Make or Break.....
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  • #1,832
  • Aug 11, 2011 7:07am Aug 11, 2011 7:07am

Looking at the exact same thing
Quoting Munal
Make or Break.....
  • #1,833
  • Aug 11, 2011 7:25am Aug 11, 2011 7:25am
News in 8 mins.
I have closed shorts all at 1.4137 and I am now flat
will wait to see how it reacts from there (Cf. Munal's chart)
My next biggy (downside) is at 1.4055 (H4 S/R) but I have minor support at 1.4125 and 1.4111 before that.
Otherwise, we are back to 1.415 (H4 S/R) and more importantly 1.4162
Good luck to all
  • #1,834
  • Aug 11, 2011 8:00am Aug 11, 2011 8:00am
It seems ECB is buying.


4130 was a place to short. 4105 Price magnet. Well I was aiming for 4085 for a heavy long.
  • #1,835
  • Edited 8:18am Aug 11, 2011 8:02am | Edited 8:18am
long: Entry;SL;TP and reason for entry at second picture.

First Picture: Entry 1m
Second Picture: Statistics
Third Pircture: 3H
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  • #1,836
  • Aug 11, 2011 8:30am Aug 11, 2011 8:30am
I did not get my clean break of 1.4111.Glad I was flat
Went long on 1.412 on second rejection of 1.4111
If we break 1.4229 (one of my H4 S/R, I have .424 as potential target (UTL of downmove, which is also one of my minor S/R).

Above that 1.432 is on isght otherwise we may see another rejection downward (?)

Below 1.4185 we could go down again (looking at PA on M5)

For the moment I see just a small retrace (bullflag on M5) as we hit 1.4228 after this
After all we made a lower low today...

Looks like EUR is running out of steam
Hope I'm clear without chart but all my levels are there


Quoting T@rantula
It seems ECB is buying.


4130 was a place to short. 4105 Price magnet. Well I was aiming for 4085 for a heavy long.
  • #1,837
  • Aug 11, 2011 8:41am Aug 11, 2011 8:41am
Closed at 423 after rejection of 4242...
Will be looking for short from now on unless a clean break of 4242
  • #1,838
  • Aug 11, 2011 8:43am Aug 11, 2011 8:43am
Quoting BrunargarFx
I did not get my clean break of 1.4111.Glad I was flat
Went long on 1.412 on second rejection of 1.4111
If we break 1.4229 (one of my H4 S/R, I have .424 as potential target (UTL of downmove, which is also one of my minor S/R).

Above that 1.432 is on isght otherwise we may see another rejection downward (?)

Below 1.4185 we could go down again (looking at PA on M5)

For the moment I see just a small retrace (bullflag on M5) as we hit 1.4228 after this
After all we made a lower low today...

Looks like EUR is running out of steam
Hope...
You won´t see a lower low today, traders are busy covering shorts, just my 2 pips
  • #1,839
  • Aug 11, 2011 8:55am Aug 11, 2011 8:55am
Sorry FX, I wasn't clear.
We are still in downward channel that started yesterday.
What I meant is that we have made a new low today by comparison to the low of yesterday


, we have a lower low (already) today
Quoting FX-Ray
You won´t see a lower low today, traders are busy covering shorts, just my 2 pips
  • #1,840
  • Aug 11, 2011 8:56am Aug 11, 2011 8:56am
Quoting BrunargarFx
Sorry FX, I wasn't clear.
We are still in downward channel that started yesterday.
What I meant is that we have made a new low today by comparison to the low of yesterday


, we have a lower low (already) today
I see. Ok got you
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