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  • #4,141
  • Edited 8:20am Oct 18, 2011 8:07am | Edited 8:20am
Quoting T@rantula
3685 is immediate support but id say 3680 ( always include level+spread, I always post w/o any spread included). 3697 is fragile support.
exactly..

Is this going back to where it came from...lol....We may develop a Bull flag on higher Tf later?( doesn't seem possible)

1.3726 is the MID.

1.3784 is resistence and gate to 1.3843.
Markets are not Random, they are designed!
  • #4,142
  • Oct 18, 2011 8:09am Oct 18, 2011 8:09am
support still holding a break below turn eu bearish
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EURUSD, D1_20111018_150350.jpg Size: 46 KB
MY OPINION NOT FINANCIAL ADVISE
  • #4,143
  • Edited 8:35am Oct 18, 2011 8:20am | Edited 8:35am
EURUSD, M15, 2011 October 18
EURUSD, M1, 2011 October 18

I take the risk over with a short at 1.3718 (2/10).

Target @ 1.36 (DS2)

...and set a Pending Order Short @ 1.3823 (mR1) (1/10)

...and scalp M1/M5 (3/10) up and down intermediate (see the M1 frame below [what a nice shooting star at the top]).

I make my actual profits mainly with the money management (1/10-10/10) and with a technique of cascading entries and exits to a lesser extent with an elaborate indicator strategy at the time. I like to hold my strategy as simple as possible and take a look at the different Time Frames (Multiple Time Frame Analyses). The more the merrier. MTFA allows me to trade par example M15 down and M1 up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD, M15, 2011 October 18.jpg Size: 84 KB
Click to Enlarge Name: EURUSD, M1, 2011 October 18.jpg Size: 98 KB
  • #4,144
  • Oct 18, 2011 8:29am Oct 18, 2011 8:29am
Usually this is what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: H$S.jpg Size: 119 KB
Markets are not Random, they are designed!
  • #4,145
  • Oct 18, 2011 8:41am Oct 18, 2011 8:41am
Quoting Raza
Usually this is what happens.
nice chart... my target is 1.3518... but missed the 1.3726 entry..

next reversal point imo would be 1.3818... if the H&S becomes invalid.. i will be shorting from there
  • #4,146
  • Oct 18, 2011 8:42am Oct 18, 2011 8:42am
Quoting Raza
Usually this is what happens.
Oooh ... ouch ...

Raza ... yes ... if H&S pattern ... which is not my favorite one ... then further deep cut down ...

But you seem really very bear focused today ... I must say ...


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #4,147
  • Oct 18, 2011 8:43am Oct 18, 2011 8:43am
Quoting jaylovin
nice chart... my target is 1.3518... but missed the 1.3726 entry..

next reversal point imo would be 1.3818... if the H&S becomes invalid.. i will be shorting from there
I think this thing is NOT done doing what it is supposed to do...

Thats why we cannot get a solid level..

Our previous support level was 1.3523...so lets +10 pips to it...that level should not get tested in first attempt...IMO...

Sorry to hear that India has not been Fun.When are you back to UK?
Markets are not Random, they are designed!
  • #4,148
  • Oct 18, 2011 8:46am Oct 18, 2011 8:46am
Quoting mercy seat
Oooh ... ouch ...

Raza ... yes ... if H&S pattern ... which is not my favorite one ... then further deep cut down ...

But you seem really very bear focused today ... I must say ...


LOL...

Actually I had been successfully scalping the opposite way all day today..I should not do that...

I missed my shorting enrty for swing from 1.3785... cause I was away from PC...so did some revenge trading, which is a wrong way of trading.

There has been Violation of price as you have mentioned...so one should look Below.

weekly testing level sits at 1.3536.
Markets are not Random, they are designed!
  • #4,149
  • Oct 18, 2011 8:55am Oct 18, 2011 8:55am
Quoting infinitus
Eyes on Gold.......

It is losing 1 channel and trend line after the other........
Have you looked at Gold?

2,5 h later and nearly 30 USD deeper :-)
  • #4,150
  • Oct 18, 2011 9:09am Oct 18, 2011 9:09am
Quoting Forexcube
EURUSD, M15, 2011 October 18
EURUSD, M1, 2011 October 18

I take the risk over with a short at 1.3718 (2/10).

Target @ 1.36 (DS2)

...and set a Pending Order Short @ 1.3823 (mR1) (1/10)

...and scalp M1/M5 (3/10) up and down intermediate (see the M1 frame below [what a nice shooting star at the top]).

I make my actual profits mainly with the money management (1/10-10/10) and with a technique of cascading entries and exits to a lesser extent with an elaborate indicator strategy at the time. I like to hold my strategy as simple as possible and...

Go out with 1/10 at 1.3660

1.3718-1.3660 = + 58 Pips Profit
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M15, 2011 October 18, 16h10.jpg Size: 88 KB
  • #4,151
  • Oct 18, 2011 9:10am Oct 18, 2011 9:10am
Quoting Raza
I think this thing is NOT done doing what it is supposed to do...

Thats why we cannot get a solid level..

Our previous support level was 1.3523...so lets +10 pips to it...that level should not get tested in first attempt...IMO...

Sorry to hear that India has not been Fun.When are you back to UK?
india hasn't been that bad... had some good food today.. the job though is disorganised... we won't be ready in time to film.. and what really hacked me off was last night i got a call from the uk to do 2nd unit on a big project back home.. so missed out on that one... sucks again..

interesting you say about the level.. can't figure out the reversal at 1.3880 that we had during tokyo session...

i return on 8th november... but will try to get back sooner if i can... you are right try
  • #4,152
  • Oct 18, 2011 9:10am Oct 18, 2011 9:10am
todays closing seems important IMHO...
MY OPINION NOT FINANCIAL ADVISE
  • #4,153
  • Oct 18, 2011 9:12am Oct 18, 2011 9:12am
Quoting jaylovin
india hasn't been that bad... had some good food today.. the job though is disorganised... we won't be ready in time to film.. and what really hacked me off was last night i got a call from the uk to do 2nd unit on a big project back home.. so missed out on that one... sucks again..

interesting you say about the level.. can't figure out the reversal at 1.3880 that we had during tokyo session...

i return on 8th november... but will try to get back sooner if i can... you are right try
1.3880? or is it 1.3780..

With this fresh low...same levels in play again..1.3723 being the resistence..looks like this ping pong may continue before a real move.
BULLISH DIVERGENCE SETTING UP AGAIN ON 15 MIN AND OF COURSE ON 4 HR...with ferocious looking inverted Hammer Candle...
Markets are not Random, they are designed!
  • #4,154
  • Oct 18, 2011 9:25am Oct 18, 2011 9:25am
Quoting Raza
1.3880? or is it 1.3780..

With this fresh low...same levels in play again..1.3723 being the resistence..looks like this ping pong may continue before a real move.
BULLISH DIVERGENCE SETTING UP AGAIN ON 15 MIN AND OF COURSE ON 4 HR...with ferocious looking inverted Hammer Candle...
sorry my bad... 1.3780... NOT 1.3880..

i am gonna head off out to get some food.. back in an hour or so... nothing here for me to trade.. buying not an optiona as the wind is blowing downhill... also bernanke talking in a few hours... will hang fire.. bbl
  • #4,155
  • Edited 9:47am Oct 18, 2011 9:28am | Edited 9:47am
Quoting jaylovin
sorry my bad... 1.3780... NOT 1.3880..

i am gonna head off out to get some food.. back in an hour or so... nothing here for me to trade.. buying not an optiona as the wind is blowing downhill... also bernanke talking in a few hours... will hang fire.. bbl
Draw fib from 1.3565 to 1.3913...

Done for today...Gonna Zzzzzz.....
Markets are not Random, they are designed!
  • #4,156
  • Oct 18, 2011 11:23am Oct 18, 2011 11:23am
Hello killers
Everyone making +++ while I'm at work facing dump Boss
Okay i just Placed my limit order when it hit will post my setup
C U
  • #4,157
  • Oct 18, 2011 12:18pm Oct 18, 2011 12:18pm
Quoting egkid
Hello killers
Everyone making +++ while I'm at work facing dump Boss
Okay i just Placed my limit order when it hit will post my setup
C U
show me your set up before i stop the market moving..hahahaha
MY OPINION NOT FINANCIAL ADVISE
  • #4,158
  • Oct 18, 2011 12:30pm Oct 18, 2011 12:30pm
Quoting donfriday
show me your set up before i stop the market moving..hahahaha
The set up time to hit before Tomorrow us session so not worry if Bernanke
didn't do his job tomorrow London will do
No rush i can wait
  • #4,159
  • Oct 18, 2011 12:36pm Oct 18, 2011 12:36pm
Quoting egkid
The set up time to hit before Tomorrow us session so not worry if Bernanke
didn't do his job tomorrow London will do
No rush i can wait
..och you remember that lack of hair head man will speak...i dont pay attention to news so didnt know...
i can wait too afterall i only need to sleep and pretend i am dead.
MY OPINION NOT FINANCIAL ADVISE
  • #4,160
  • Oct 18, 2011 12:41pm Oct 18, 2011 12:41pm
Quoting donfriday
..och you remember that lack of hair head man will speak...i dont pay attention to news so didnt know...
i can wait too afterall i only need to sleep and pretend i am dead.
I also going to sleep ,It was long hard day at work
Placed my order and looks nothing more to do now
So, Catch tomorrow
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