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  • #543,801
  • Sep 26, 2011 11:01am Sep 26, 2011 11:01am
Quoting cgldsmth
looking at yet another lower high H1
Yep, but this hourly close was promising. Still not clear though. Not a bad spot to take any profits if someone is long in any event.
  • #543,802
  • Sep 26, 2011 11:03am Sep 26, 2011 11:03am
Quoting neutral
Yep, but this hourly close was promising. Still not clear though. Not a bad spot to take any profits if someone is long in any event.
I concur
TRADE FOR SWAP
  • #543,803
  • Edited 11:19am Sep 26, 2011 11:05am | Edited 11:19am
Wow, she sure didn't like touching 1.3525 already +30

My first limit order for NY missed by 3.8 pips, second filled and was stopped for 30 pip loss, no biggie, last 2 trades for monday morning Asia session were winners for 107 pips and 71 pips

3rd limit order 1.3526 filled @ 1.35261 ... SL 1.3546 TP1.3375 Time to sit on hands and let her run a bit before moving SL to break even or better.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15 min 9_26_2011 NY trade 2.jpg Size: 152 KB


Already +40 pips for 2:1 moved stop to break even. No risk now, let her run.
I don't care which way the market is going as long as it's going my way
  • #543,804
  • Sep 26, 2011 11:13am Sep 26, 2011 11:13am
Guys,

As I suspect we have strong resistance trend line and if on hourly we close 3480 we'll have a dark cloud cover - candle and engulfing below 3470 - all in favor of shorts
Attached Image
  • #543,805
  • Sep 26, 2011 11:13am Sep 26, 2011 11:13am
Between 1,3440 and 1,3460 it'll be a decisive area for bulls and bears..
A decent bounce and i'll add longs for new high
COT: The precious data ignored
  • #543,806
  • Sep 26, 2011 11:15am Sep 26, 2011 11:15am
Better scalp little pip and close position if false signal =)
1M & 5M scalper. 1Malaysia..
  • #543,807
  • Sep 26, 2011 11:17am Sep 26, 2011 11:17am
Quoting kuroro001
Between 1,3440 and 1,3460 it'll be a decisive area for bulls and bears..
A decent bounce and i'll add longs for new high
I too expect at least a bounce at some kind at around that area~. No way the bulls are giving up so early without even a decent retest of that TL/supply area.

Edit: Preparing for a setup either that level or on a breakout pullback on daily pivot .34933.
  • #543,808
  • Sep 26, 2011 11:17am Sep 26, 2011 11:17am
Quoting kuroro001
Between 1,3440 and 1,3460 it'll be a decisive area for bulls and bears..
A decent bounce and i'll add longs for new high
you have to be a very brave gorilla to hold longs in this market
TRADE FOR SWAP
  • #543,809
  • Sep 26, 2011 11:26am Sep 26, 2011 11:26am
long 3484
tp 3510
1M & 5M scalper. 1Malaysia..
  • #543,810
  • Sep 26, 2011 11:26am Sep 26, 2011 11:26am
Quoting Robertk
I too expect at least a bounce at some kind at around that area~. No way the bulls are giving up so early without even a decent retest of that TL/supply area.

Edit: Preparing for a setup either that level or on a breakout pullback on daily pivot .34933.
Yes it's hitting too many time the upside....and it's at the "bottom" of a downmove.
It reminds me the setup of the 18th of august...before it cleared the upside.
Right now it should be more powerful because the supply has been tested so many times, and we are ranging after a big move down.

Quoting cgldsmth
you have to be a very brave gorilla to hold longs in this market
indeed but it can offer a great RR ratio
COT: The precious data ignored
  • #543,811
  • Sep 26, 2011 11:28am Sep 26, 2011 11:28am
Quoting AngelPips
long 3484
tp 3510
Good luck...but i'd say too soon...5mn is full of red
But you tp might be a good spot to short who knows
COT: The precious data ignored
  • #543,812
  • Sep 26, 2011 11:29am Sep 26, 2011 11:29am
The offending h4 tf bull not itself looks no good for bull further before back to pavilion again , a hurried movement present candle leaving a wick down only with no real correction to go up now , cover the wick down mostly or fully to decide if bull there or not . anyway waiting strong 3480 breaks & then 3457 . failure both bottom & down possible smooth.
waiting more play .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd6.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #543,813
  • Sep 26, 2011 11:40am Sep 26, 2011 11:40am
Quoting neutral
Yep, but this hourly close was promising. Still not clear though. Not a bad spot to take any profits if someone is long in any event.
don't look low timeframes, only look at H4 and D1
ROBOT FOREX
  • #543,814
  • Sep 26, 2011 11:45am Sep 26, 2011 11:45am
Quoting Forexprofit
Guys,

As I suspect we have strong resistance trend line and if on hourly we close 3480 we'll have a dark cloud cover - candle and engulfing below 3470 - all in favor of shorts
again very good work
  • #543,815
  • Sep 26, 2011 11:46am Sep 26, 2011 11:46am
Current price is neither a bear or a bull. It is an ASS market.
Price still trapped in breakdown/breakup zone.
Break either side will determine the way.
But a break above doesnt guarantee a mini bull run because there is still 1.3600 daily breakdown area to take.
Just take your pick.
I pick bear ...not the ass
Attached Image (click to enlarge)
Click to Enlarge Name: yur.jpg Size: 81 KB
  • #543,816
  • Sep 26, 2011 11:47am Sep 26, 2011 11:47am
Quoting Forbes55
don't look low timeframes, only look at H4 and D1
Depends on time frame you are trading but all are good to view.
  • #543,817
  • Sep 26, 2011 11:50am Sep 26, 2011 11:50am
Quoting kuroro001
Yes it's hitting too many time the upside....and it's at the "bottom" of a downmove.
It reminds me the setup of the 18th of august...before it cleared the upside.
Right now it should be more powerful because the supply has been tested so many times, and we are ranging after a big move down.



indeed but it can offer a great RR ratio
Just something to consider. I'm looking at the 15 minute.

Almost everytime it hits the top it's making lower highs, not going deeper into the level. And when she dips below the 1.34 level she's making lower lows.

Pull up CCI and look at the corresponding highs it's making. Last 2 corresponding highs were lower here too which shows momentum is slowing.

Yes she's dipping her toe into both weekly and daily demand levels so it's dicey.



Whatever way anyone chooses, execute proper risk management.
I don't care which way the market is going as long as it's going my way
  • #543,818
  • Sep 26, 2011 12:00pm Sep 26, 2011 12:00pm
scalped 1 Min chart today ; rocking profits

last open entry 3479 running.
born to speculate
  • #543,819
  • Sep 26, 2011 12:01pm Sep 26, 2011 12:01pm
Quoting Forexprofit
Guys,

As I suspect we have strong resistance trend line and if on hourly we close 3480 we'll have a dark cloud cover - candle and engulfing below 3470 - all in favor of shorts
As I told you guys - bearish engulfing on 1h + 1-2-3 top pattern all favors down move
  • #543,820
  • Edited 12:31pm Sep 26, 2011 12:02pm | Edited 12:31pm
Quoting neutral
Yep, but this hourly close was promising. Still not clear though. Not a bad spot to take any profits if someone is long in any event.

I was long twice today , scalping 1 min time frame :

below my 2 trades :

26/09/2011 16:22:59 EUR / USD Rolling Market Buy 0.2 1.35131 1402304
26/09/2011 16:29:23 EUR / USD Rolling LimitProfit Sell -0.2 1.35231 2 1402321
26/09/2011 16:35:24 EUR / USD Rolling Market Buy 0.2 1.3516 1402335
26/09/2011 16:41:29 EUR / USD Rolling LimitProfit Sell -0.2 1.3526 2 1402345

I only want 10-20 pips a day
two or one trade a day (one loser a day or two winners or one winner one loser)
just to find that ideal entry point ...
I do not want to limit my trades to shorting only but might have more shorts than longs
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