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  • #9,241
  • Dec 19, 2011 2:31am Dec 19, 2011 2:31am
Quoting T@rantula
Yes, 5m is bullish too
But soon be @ overbought as per Stoch that I use with modified settings..for some consolidation again.

Confirmation for Bullishness to follow lies @ 1.3043 and a bull trap at 1.3063ish.

I believe markets will stay choppy till next month.So scalping is going to be difficult...I am swinging this with 150 pip stop.

And if right I will add later.....or hedge at a crucial turning point( only for bull trend)

If down I will cut the losses very pronto.

All the best to you and other participants this week!
Markets are not Random, they are designed!
  • #9,242
  • Dec 19, 2011 2:49am Dec 19, 2011 2:49am
Thanx Raza,

I think some movement will be seen in 10 mins.

AU has made it to DPP, now lets see EU
  • #9,243
  • Dec 19, 2011 3:04am Dec 19, 2011 3:04am
Market needs to stay above median point for bulls to continue.

Cable is going up, Aussie up, EU not following yet.
  • #9,244
  • Dec 19, 2011 3:14am Dec 19, 2011 3:14am
EU trendline.

Count the candles then multiply by 5. Its the exact time this TL is holding.

Attached Image (click to enlarge)
Click to Enlarge Name: eu5.jpg Size: 21 KB


On 5m chart everything above 3h ( 35 candles is good)
  • #9,245
  • Dec 19, 2011 3:19am Dec 19, 2011 3:19am
Quoting T@rantula
Market needs to stay above median point for bulls to continue.

Cable is going up, Aussie up, EU not following yet.
Up to 1.2992 is acceptable for Bull..IMO..
Markets are not Random, they are designed!
  • #9,246
  • Dec 19, 2011 3:23am Dec 19, 2011 3:23am
Quoting Raza
Up to 1.2992 is acceptable for Bull..IMO..
3010 Trendline coincides with L3 camarilla. That was the goog tech point for longs.

Momentum says long @ 3023, so we still have the option to go long or reentry.
  • #9,247
  • Dec 19, 2011 3:32am Dec 19, 2011 3:32am
Quoting T@rantula
3010 Trendline coincides with L3 camarilla. That was the goog tech point for longs.

Momentum says long @ 3023, so we still have the option to go long or reentry.
Little confusing PA....I need to see this above 1.3027 again....

otherwise it can go below last low as well (1.2828)..

Lets hope not.
Markets are not Random, they are designed!
  • #9,248
  • Dec 19, 2011 3:36am Dec 19, 2011 3:36am
Quoting Raza
Little confusing PA....I need to see this above 1.3027 again....

otherwise it can go below last low as well (1.2828)..

Lets hope not.
Exactly 3023 and 3027. 3034 has been touched but that is not enough for real bullish development. 3066 should be the top for London session.

If we drop to 2985 then we will know momentum is switching sides.

Still for bulls, watch 3010 3023 and 3027. 2998 is median point, should serve as stop loss for scalping purposes.
  • #9,249
  • Dec 19, 2011 3:40am Dec 19, 2011 3:40am
Quoting T@rantula
Exactly 3023 and 3027. 3034 has been touched but that is not enough for real bullish development. 3066 should be the top for London session.

If we drop to 2985 then we will know momentum is switching sides.

Still for bulls, watch 3010 3023 and 3027. 2998 is median point, should serve as stop loss for scalping purposes.
Agree.

We have a lack of momentum...

Guess they wanna pay to the record short positions...Which is unusual.
Markets are not Random, they are designed!
  • #9,250
  • Edited 4:24am Dec 19, 2011 4:06am | Edited 4:24am
3030 presently. Bull momentum is valid, but in market like this where pushes to the specific levels are futile i advise you to scalp and close the trade. 3023>3027>3030 that was previously mentioned pattern.
  • #9,251
  • Dec 19, 2011 5:34am Dec 19, 2011 5:34am
Market looks like a bank holiday day. Flat until NY.
  • #9,252
  • Dec 19, 2011 7:44am Dec 19, 2011 7:44am
still n my positions

one of the very boring positions I took .
I SEE YOU !!
  • #9,253
  • Dec 19, 2011 8:10am Dec 19, 2011 8:10am
Again 3023 3027 gave some momentum still capped below 3046.
  • #9,254
  • Dec 19, 2011 12:42pm Dec 19, 2011 12:42pm
closing half of the positions in Gold and in USDCHF .

Got bored

keeping remaining though.

270 pips in gold 100 in USDCHF

nothing much here to talk about the market .

utmost boring behavior .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 50 KB
Click to Enlarge Name: usdchf.jpg Size: 51 KB
I SEE YOU !!
  • #9,255
  • Dec 20, 2011 1:58am Dec 20, 2011 1:58am
Thin market range EU trapped between 2980-3040.

Usually before the holiday trading can get pretty volatile if stops are triggered. At the moment there is no sign of such market brhaviour.
  • #9,256
  • Dec 20, 2011 2:08am Dec 20, 2011 2:08am
Price has a fib relation with 1.3063 and 1.2828 with 1.2945 being the middle.

So one of them is gonna get hit....

I think it looks better to have 1.3063 hit first. All I need is 1.3018 to break by 10 pips.
Markets are not Random, they are designed!
  • #9,257
  • Dec 20, 2011 2:25am Dec 20, 2011 2:25am
Quoting Raza
Price has a fib relation with 1.3063 and 1.2828 with 1.2945 being the middle.

So one of them is gonna get hit....

I think it looks better to have 1.3063 hit first. All I need is 1.3018 to break by 10 pips.
3030 should be the first test for bulls, yes i agree Raza.
  • #9,258
  • Dec 20, 2011 2:40am Dec 20, 2011 2:40am
Quoting T@rantula
3030 should be the first test for bulls, yes i agree Raza.
Thats it 3015-3033 Now if we close above 3037, EU will target 3064.
  • #9,259
  • Edited 2:53am Dec 20, 2011 2:43am | Edited 2:53am
Quoting T@rantula
3030 should be the first test for bulls, yes i agree Raza.


Looking to short from 1.3063...with 1.3091 in mind as a possible stop.

I wont short if above 1.3063 by 10 pips.

I may hedge equal size short positions...when @ 1.3063.
Markets are not Random, they are designed!
  • #9,260
  • Dec 20, 2011 2:47am Dec 20, 2011 2:47am
Quoting Raza


Looking to short from 1.3063...with 1.3091 in mind as a possible stop.
It could be, it would be nice to spot a divergence there as an additional confirmation.
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