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  • #9,261
  • Edited 3:31am Dec 20, 2011 2:50am | Edited 3:31am
Quoting T@rantula
It could be, it would be nice to spot a divergence there as an additional confirmation.
30 min and 1 hr should have the Bearish Divergence by then if not we have 1.3091. So it all depends on the price action from 1.3063...should be a sharp move down if it lingers around too long then it is probably going higher than 1.3091. IMO.

First let it reach 1.3063.There could be a small pause at 1.3052 or it may become the support later.

1.3043 does not mean anything now.
Markets are not Random, they are designed!
  • #9,262
  • Dec 20, 2011 2:57am Dec 20, 2011 2:57am
EUUD.. 4 hr.. looks up to me.. i am long..i reckon weekly ppx or just above..
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  • #9,263
  • Dec 20, 2011 2:57am Dec 20, 2011 2:57am
finally some movement .

closing also part of GBPUSD .

5580 is important to break to continue up move
otherwise could bring us back to the lows
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I SEE YOU !!
  • #9,264
  • Dec 20, 2011 3:00am Dec 20, 2011 3:00am
Quoting dbfusion
finally some movement .

closing also part of GBPUSD .

5580 is important to break to continue up move
otherwise could bring us back to the lows
5585 was indeed the target for cable and 3040 is for EU ( havent posted the levels due to a heav range/low volatility).

But EU has more of a potential to go up atm, as 3063 is the target if we stay above 3037-3040.
  • #9,265
  • Dec 20, 2011 3:08am Dec 20, 2011 3:08am
Quoting T@rantula
5585 was indeed the target for cable and 3040 is for EU ( havent posted the levels due to a heav range/low volatility).

But EU has more of a potential to go up atm, as 3063 is the target if we stay above 3037-3040.
the freaking EUR is very slow .

and the market in general .

if you remember I took those positions last week.

and when sidewayed , I added little to it .

though I see EUR can reach 3170

just the market is not helping
I SEE YOU !!
  • #9,266
  • Dec 20, 2011 3:12am Dec 20, 2011 3:12am
Quoting dbfusion
the freaking EUR is very slow .

and the market in general .

if you remember I took those positions last week.

and when sidewayed , I added little to it .

though I see EUR can reach 3170

just the market is not helping
Yes I remember. Usually before the holidays there can be a stop hunt, and for me, us or majority here it can be real good as we may benefit from a sharp intraday move.

SO far I have been scalping for 1 % profit per day, exploiting momentum breaks.
  • #9,267
  • Dec 20, 2011 3:24am Dec 20, 2011 3:24am
Cable short this at 5580 and will look to short again if it goes 5620 ish.. which is dat R3 and weekly pivot resistance and a .618 % stop above .618% .. point.. reason for current short position.. is shape of CCi on diffrent time frames..
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  • #9,268
  • Dec 20, 2011 3:32am Dec 20, 2011 3:32am
Quoting T@rantula
Yes I remember. Usually before the holidays there can be a stop hunt, and for me, us or majority here it can be real good as we may benefit from a sharp intraday move.

SO far I have been scalping for 1 % profit per day, exploiting momentum breaks.
I saw you working all those days , and I gotta admit you are doing very good.



I will go now for an hour or so and come back , finally I have vacation . but a relative is here and I will show her around and come back to see what the market has done.
I SEE YOU !!
  • #9,269
  • Dec 20, 2011 3:36am Dec 20, 2011 3:36am
Quoting dbfusion
I saw you working all those days , and I gotta admit you are doing very good.



I will go now for an hour or so and come back , finally I have vacation . but a relative is here and I will show her around and come back to see what the market has done.
Yes, I admit market was boring these days, but it wasnt so hard to reach daily target profits. It has respected TA at least for those 20 pippers.
  • #9,270
  • Edited 4:28am Dec 20, 2011 3:53am | Edited 4:28am
.
Markets are not Random, they are designed!
  • #9,271
  • Dec 20, 2011 3:58am Dec 20, 2011 3:58am
Quoting danc
EUUD.. 4 hr.. looks up to me.. i am long..i reckon weekly ppx or just above..
Out plus 42......
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  • #9,272
  • Dec 20, 2011 4:42am Dec 20, 2011 4:42am
3094 in play. 3064 acts as an interim support now.
  • #9,273
  • Dec 20, 2011 5:11am Dec 20, 2011 5:11am
If you are free......

Really Fascinating, a must read article


http://www.fxstreet.com/education/fo...es/2011/12/16/
  • #9,274
  • Dec 20, 2011 5:18am Dec 20, 2011 5:18am
Quoting Munal
If you are free......

Really Fascinating, a must read article


http://www.fxstreet.com/education/fo...es/2011/12/16/
Good one from Knight.

I will make some comments later.
  • #9,275
  • Dec 20, 2011 6:06am Dec 20, 2011 6:06am
Quoting danc
Out plus 42......
Good trade.
Markets are not Random, they are designed!
  • #9,276
  • Dec 20, 2011 6:08am Dec 20, 2011 6:08am
E:3065
S:3095
TP:3000

Smaller position taken.

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  • #9,277
  • Dec 20, 2011 6:13am Dec 20, 2011 6:13am
I wont be here close to PC. Need to go out. Ill be managing the trade from my smartphone.

See u later guys.

P.S. I may scale out close to 3040 if it goes well.
  • #9,278
  • Dec 20, 2011 8:00am Dec 20, 2011 8:00am
closing extra parts of my positions .
still holding to some , I believe it still has merit and can squeeze some more pips .

and the market has gave me my new year gift !!!

wish every one a happy new year
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I SEE YOU !!
  • #9,279
  • Dec 20, 2011 8:52am Dec 20, 2011 8:52am
Quoting T@rantula
E:3065
S:3095
TP:3000

Smaller position taken.

Attachment
-30 pips here. 1/2 position.
  • #9,280
  • Dec 20, 2011 9:00am Dec 20, 2011 9:00am
Next intraday shorting opportunity will be around 3150. Need to see the action around the levels. Meantime scalping mode
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