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  • #2,921
  • Sep 14, 2011 6:00pm Sep 14, 2011 6:00pm
Quoting egkid
When looking to ur points "Very good understanding S , R "
In my view smart money Just Start to get IN above 3750
Will check my daily close later , Time to get some sleep
Catch u tomorrow dear brother
when is the daily close on your chart? mine shows at 10pm GMT
  • #2,922
  • Sep 14, 2011 11:56pm Sep 14, 2011 11:56pm
No luck with fiber yesterday, gold however is in an interesting area atm. Although we had two LH and one LL and it looks pretty bearish, I'll play a breakout north (confirmation would be above 1840)

Long 1811
SL 1804
TP 1870

Otherwise full bear strength below 1795.
Attached Image (click to enlarge)
Click to Enlarge Name: xau15091.gif Size: 29 KB
Don't get mad, get even!
  • #2,923
  • Sep 15, 2011 12:32am Sep 15, 2011 12:32am
Stopped out, might go short if close below 1800.
Don't get mad, get even!
  • #2,924
  • Sep 15, 2011 2:22am Sep 15, 2011 2:22am
Hi guys,

This is what I see now on EURUSD, It is pretty much messed up.
No harmonic pattern yet, no emerging one yet too, but Schiffs Pitchforks holds for now (blue one).

On futures volume chart you can see that price is now in importenat blue rectangle area and close to red trend line so we might have a try to go for it and test 1.3780 level again.

Options call levels starts (upper green lines) @ 1.3900 so it good area to bbook profits in case SNB will hold rates, cos we might have temporary relief rally on EURUSD ( doubt that, but this is forex). In that case, the alternative wave count might be usefull, with wave C to unfold to the upside.

Options put levels (lower red lines) starts @ obvious level of 1.3542 - 1.3528. Good level to book profits on the way down. However, if price break through, we might see a long anticipated wave 5 to unfold finally.

Hope it helps,
Seb
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd-h1 vol.jpg Size: 123 KB
Click to Enlarge Name: eurusd-m30.jpg Size: 117 KB
  • #2,925
  • Sep 15, 2011 2:46am Sep 15, 2011 2:46am
Hello fellow traders,

Sorry for being late, I was playing Breakout strategy.

3780 should be first target. I will revaluate targets then.
  • #2,926
  • Sep 15, 2011 3:49am Sep 15, 2011 3:49am
If new high is not taken in next hour or two we may see a retest of 3736.

Break of 3800 targets 3840. It may be the top of this correction.
  • #2,927
  • Sep 15, 2011 4:39am Sep 15, 2011 4:39am
Good morning fellow traders!

We did re-enter at 1.37537 according to the settings of this chart ... which do show some tools that are not available for everyone ...

No need to explain in details as I know that some are able to read this in the right way ... and more details are only available in pvt and only in our LANGUAGE ...



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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-15_11h33_ EURUSD _ min060 _ (200) candle + Pivots + MA.PNG Size: 40 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,928
  • Sep 15, 2011 4:57am Sep 15, 2011 4:57am
And yes ... overall we still are in that mild recovery games SITU as explained yesterday ...

1.3799 has been our Elliott point to be taken out (see yesterdays explanation) and we did now ...

And as T@ra mentioned yesterday ... yes - there are projections towards above those 1.3828 levels as mentioned yesterday as well ...



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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-15_11h49_ EURUSD _ min030 _ (100) candle + Pivots + MA.PNG Size: 40 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,929
  • Sep 15, 2011 6:15am Sep 15, 2011 6:15am
3820 serves as a resistance atm 3845 50 is next when short orders can be placed for scalps/ reversals. 3890 may be the top for today on bullish continuation and very good level for counter trend trades if it gets there.
  • #2,930
  • Sep 15, 2011 7:51am Sep 15, 2011 7:51am
Quoting T@rantula
3820 serves as a resistance atm 3845 50 is next when short orders can be placed for scalps/ reversals. 3890 may be the top for today on bullish continuation and very good level for counter trend trades if it gets there.
Agreed ...

Toppish structures ...

We did cover our longs from todays lows near DPP zone during Tokyo-Session and from re-entry this mid-morning in European-Session ...

Cashed already at midday at 1.38151 ... with more than 110 pip-move (!) as a preliminary total result ...

No shorts until then ... no A REVERSO strategy used until now ...

As there are still some well known counterparties who will try something later ...

I can wait ... and it is a great fun to work on improvements of our sytem in the time between ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,931
  • Sep 15, 2011 8:02am Sep 15, 2011 8:02am
What was that spike about? No news announced..
  • #2,932
  • Sep 15, 2011 8:07am Sep 15, 2011 8:07am
Quoting T@rantula
What was that spike about? No news announced..
I guess this is the answer:

"The ECB has announced a dollar-based liquidity operation to last through the end of this year so that European banks can access dollar liquidity that they have been shut-out of by the market.
I guess the crisis is worse than we thought…
The knee-jerk reaction has been to buy EUR/USD as the funding crisis for European banks has been plastered over but the root causes remain. Not very bullish in the long-term"
  • #2,933
  • Sep 15, 2011 9:47am Sep 15, 2011 9:47am
Quoting stulic
No luck with fiber yesterday, gold however is in an interesting area atm. Although we had two LH and one LL and it looks pretty bearish, I'll play a breakout north (confirmation would be above 1840)

Long 1811
SL 1804
TP 1870

Otherwise full bear strength below 1795.
Locking in 420 pips, rest trailing.
Attached Image (click to enlarge)
Click to Enlarge Name: xau15092.gif Size: 23 KB
Don't get mad, get even!
  • #2,934
  • Sep 15, 2011 11:06am Sep 15, 2011 11:06am
Nearterm SITU for our beloved EUR/USD pair ...

After our enhanced classic pivotal zone DPR+2 at 1.3902 has been hit and even crossed ... further Elliott TGTs are provided at 1.3980 in case of an extention ...



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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-15_17h51_ EURUSD _ min010 _ (150) candle + Pivots + MA.PNG Size: 41 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,935
  • Sep 15, 2011 11:45am Sep 15, 2011 11:45am
Very neart-term SITU changed only a little bit ... if you compare with previous chart ...

Oscillating channels and vector lines drawn by math program which is in line with our system ...



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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-15_18h35_ EURUSD _ min010 _ (150) candle + Pivots + MA.PNG Size: 41 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,936
  • Sep 15, 2011 11:58am Sep 15, 2011 11:58am
Hello All
Depends on my view which is bearish on my weekly and daily
E/U need nice drop to 3770 in matter of few H
otherwise if daily close like this I'm out of my shorts.
  • #2,937
  • Sep 15, 2011 12:09pm Sep 15, 2011 12:09pm
@reloaded ...

I feel sorry that you cannot post here atm ... although T@ra did vouch for you ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,938
  • Sep 15, 2011 12:29pm Sep 15, 2011 12:29pm
Quoting egkid
Hello All
Depends on my view which is bearish on my weekly and daily
E/U need nice drop to 3770 in matter of few H
otherwise if daily close like this I'm out of my shorts.
1.3903..above then back to 1.3935.. found my levels...above here is 1.4079... i hope it doesn't come to that but shorting isn't attractive right now..
  • #2,939
  • Sep 15, 2011 12:37pm Sep 15, 2011 12:37pm
1.4013-20 also crops up here
  • #2,940
  • Sep 15, 2011 12:41pm Sep 15, 2011 12:41pm
Quoting jaylovin
1.3903..above then back to 1.3935.. found my levels...above here is 1.4079... i hope it doesn't come to that but shorting isn't attractive right now..
Technically It should go down but let's watch next 4H what will happen
Any idea what Trichet will talk about?
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