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  • #3,721
  • Oct 12, 2011 1:46am Oct 12, 2011 1:46am
3624 is median point. Above 3650 longs. Below 3598 shorts. In both ways 3624 should act as a stop. Targets to the upside: 3676, 3690. Targets to the downside: 3585,3572,3550. Ofcourse 3520 as very important number.
  • #3,722
  • Oct 12, 2011 1:52am Oct 12, 2011 1:52am
May add...3697. I see the level on both intraday charts.
  • #3,723
  • Edited 2:21am Oct 12, 2011 2:06am | Edited 2:21am
I have 1.3716+-10pips as resistence...

break of that by 11 pips we may see up to 1.3889...1.3893

So no selling till 1.3716.

Support @ 1.3617 for this 4 hr candle.

Some time frames have Bearish hidden Divergence building.
Markets are not Random, they are designed!
  • #3,724
  • Oct 12, 2011 2:20am Oct 12, 2011 2:20am
Quoting 2046
Had spotted that.
Gut !

And our daily central pivotal level sits near 1.3630 area ...

We are still in a "neutralized" trading zone ...

While capped below 1.3670 ... it will see further downside attempts ...

In other words ... stops for downside trades are provided above 1.3694/98 area ... und nirgendwo woanders ...

On a 24-hours basis Elliott counts down from 1.3699 ...

On a three days and weekly basis Elliott counts up from 1.3146 ...


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,725
  • Oct 12, 2011 2:20am Oct 12, 2011 2:20am
Quoting Raza
I have 1.3716+-10pips as resistence...

break of that by 11 pips we may see up to 1.3889...1.3893

So no selling till 1.3716.

Some time frames have Bearish hidden Divergence building.
Would like to see 3620 retest then bounce off to take a long position. 3711 is montly pivot. It will prove resistance. 3755 would be the top and dead stop for shorts. If 3697 is broken we go up as stops will be collected just above 3700
  • #3,726
  • Oct 12, 2011 2:29am Oct 12, 2011 2:29am
Quoting T@rantula
Would like to see 3620 retest then bounce off to take a long position. 3711 is montly pivot. It will prove resistance. 3755 would be the top and dead stop for shorts. If 3697 is broken we go up as stops will be collected just above 3700
In case pivot doesnt hold it, I will consider shorts. I use range trading strategy as there is a disproportion on my h1 intraday charts showing no clear trend. and if we look higher TFs we see a range, thats when I switch to m5 and go hunt.

Watch cable. Its hanging on the support. If it breaks it will pull EU.
  • #3,727
  • Oct 12, 2011 2:30am Oct 12, 2011 2:30am
Good day all, back to passive mode just occasionally following via not smart enough phone. Lots of good views here today.
  • #3,728
  • Oct 12, 2011 2:37am Oct 12, 2011 2:37am
Quoting T@rantula
Would like to see 3620 retest then bounce off to take a long position. 3711 is montly pivot. It will prove resistance. 3755 would be the top and dead stop for shorts. If 3697 is broken we go up as stops will be collected just above 3700
Yea,,

1.3706 -1.3716max is most likely to get hit.

Sell level 1.3613 now.
Markets are not Random, they are designed!
  • #3,729
  • Oct 12, 2011 2:40am Oct 12, 2011 2:40am
As daily approach is known as being the "Master Key" in forex trading since aeons ... we should follow these daily master keys ...

It is up to you ... how you will handle this ...

Up to your account facillities ... up to your finance service facillities ... up to your trading platform facillities ...

Analysis and trading practice results are two different pairs of shoes ...

Me for example ... I started to loggin some shorts close to that 1.3670 point mentioned 10 hours ago ... @ 1.3665/ 67 ...

There we started to do it A DADA DOWN ...

Unwinded some decent bigger parts near 1.3649 ... in order that no damage can be done anymore ... irrespective if mkt wants to go higher or not ...

So now we feel absolutely free ... and therefore a better judgement is to be expected then from any micro sub-wave it will give us ...

As any kind of positioning does have an influence on our judgement ... and bad trading has negative effects on a healthy judgement ...

Analysts in huge companies are not allowed to have any positions in the markets ... that's why ! ! !



Think about that facts for a while ... and it is true ... I know that!



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,730
  • Oct 12, 2011 2:41am Oct 12, 2011 2:41am
Quoting 2046
Good day all, back to passive mode just occasionally following via not smart enough phone. Lots of good views here today.
Smartphones/tablets are a good addition to any trader. I bought Sony Xperia Arc some days ago and it really can be of great help due to big screen it has.
  • #3,731
  • Oct 12, 2011 2:43am Oct 12, 2011 2:43am
Quoting mercy seat
Analysts in huge companies are not allowed to have any positions in the markets ... that's why ! ! !

Think about that facts for a while ... and it is true ... I know that!

;-|
True.
  • #3,732
  • Oct 12, 2011 2:48am Oct 12, 2011 2:48am
chart pattern..
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hr EU.jpg Size: 98 KB
Markets are not Random, they are designed!
  • #3,733
  • Oct 12, 2011 2:51am Oct 12, 2011 2:51am
Quoting mercy seat
As daily approach is known as being the "Master Key" in forex trading since aeons ... we should follow these daily master keys ...

It is up to you ... how you will handle this ...

Up to your account facillities ... up to your finance service facillities ... up to your trading platform facillities ...

Analysis and trading practice results are two different pairs of shoes ...

Me for example ... I started to loggin some shorts close to that 1.3670 point mentioned 10 hours ago ... @ 1.3665/ 67 ...

There...
Nice...Reminder.
Markets are not Random, they are designed!
  • #3,734
  • Oct 12, 2011 3:15am Oct 12, 2011 3:15am
EU is collecting stops. Waiting for a sell signal. AS close as it can be to 3755
  • #3,735
  • Oct 12, 2011 3:17am Oct 12, 2011 3:17am
In at 3736 stops at 3755. 19 pip risk, money managed.
  • #3,736
  • Oct 12, 2011 3:29am Oct 12, 2011 3:29am
Quoting T@rantula
In at 3736 stops at 3755. 19 pip risk, money managed.
Yes ... me too ...

But we must be aware now ... that it is a counter trend trade ...

I have no problems with that ... as I have made good experieneces with such things ... 1.3744 has been reached ... which has been an Elliott projection calculated two days ago ... further ones sit above 1.3748/ 57 limits ... which represents our daily pivotal resistance zone no. 2 ....

2011-10-12 _ (10h27 CET) EUR-USD _ 030min _ 000 barchart 240-500-40

In case you try such things ... you should always be able to play ten time bigger amounts at higher levels !

Never use too tight stops ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-10-12 _ (10h27 CET) EUR-USD _ 030min _ 000 barchart 240-500-40.GIF Size: 74 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,737
  • Oct 12, 2011 3:31am Oct 12, 2011 3:31am
Quoting T@rantula
In at 3736 stops at 3755. 19 pip risk, money managed.
1 more at 50. Lets see. same stops
  • #3,738
  • Oct 12, 2011 3:39am Oct 12, 2011 3:39am
Quoting T@rantula
1 more at 50. Lets see. same stops
Didnt close it. Well -24 on this.
  • #3,739
  • Oct 12, 2011 3:45am Oct 12, 2011 3:45am
Never use too tight stops ...

For me next stations of reaction are now sitting around 1.3768 (see chart) and above that next stations of reaction are provided @ 1.3799 ...

Stops should be calculated considering such key-levels ...

2011-10-12 _ (10h41 CET) EUR-USD _ 030min _ 000 barchart 240-501-40

Important PSAR 0.01/0.009 has been violated by MACD signal line ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-10-12 _ (10h41 CET) EUR-USD _ 030min _ 000 barchart 240-501-40.GIF Size: 74 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,740
  • Oct 12, 2011 3:46am Oct 12, 2011 3:46am
Quoting T@rantula
Didnt close it. Well -24 on this.
same trade taken as you ...lets se if it can even come to 1.3720

Otherwise its going to 1.3889

Bad trade so far..
Markets are not Random, they are designed!
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