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  • #9,401
  • Jan 10, 2012 2:16am Jan 10, 2012 2:16am
Quoting T@rantula
The move has already started at 2792 ( bit early imo) w/o a retest of WPP, still it is respecting the projected levels
50s are always good for scaling out so what bears need is a clear close below 2750 after this mini retracement else 2780 again.
  • #9,402
  • Jan 10, 2012 2:18am Jan 10, 2012 2:18am
Quoting danc
Thank.. You
Welcome!
  • #9,403
  • Jan 10, 2012 2:40am Jan 10, 2012 2:40am
Quoting T@rantula
EU is having a correction or technically it is undergoing a correction. 2790 has been hit and that means there is a possibility 2807 where weekly PP is sitting.

Technically the pair can go up to 2842 before making a top then we can see 2780 again.

I will wait and probably sell close to projected top.

Cable is good for long trades above 5485 but only after retest and for shorts below 5461.

Attachment
Attached Image (click to enlarge)
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Notice the retest as previously mentioned. The retest is always a form of retracement. And as I always say:

EACH TIMEFRAME IS ITS OWN DIMENSION, remember that.
Scaling out +14
  • #9,404
  • Jan 10, 2012 2:59am Jan 10, 2012 2:59am
Quoting T@rantula
50s are always good for scaling out so what bears need is a clear close below 2750 after this mini retracement else 2780 again.
The close below 2750 failed, now 2770-80 again and lets see if we can break todays high which will lead us to WPP test and possibly a bit higher. If EU manages to stay close to 2780 bullish levels will be valid again.
  • #9,405
  • Jan 10, 2012 3:02am Jan 10, 2012 3:02am
Quoting T@rantula
Attachment


Notice the retest as previously mentioned. The retest is always a form of retracement. And as I always say:

EACH TIMEFRAME IS ITS OWN DIMENSION, remember that.
Scaling out +14
Hi T '
finding A M S
  • #9,406
  • Jan 10, 2012 3:07am Jan 10, 2012 3:07am
Quoting prashant7
Hi T '
Hey Prashant.
  • #9,407
  • Jan 10, 2012 3:13am Jan 10, 2012 3:13am
Quoting T@rantula
Hey Prashant.
hey just found a buy on gbp/jpy '' will be posting some charts in a while ' '

long term support provided at 118 right now '''' may find some pips in this pair in shorter period ' please provide your views also '
finding A M S
  • #9,408
  • Jan 10, 2012 3:22am Jan 10, 2012 3:22am
Quoting T@rantula
The close below 2750 failed, now 2770-80 again and lets see if we can break todays high which will lead us to WPP test and possibly a bit higher. If EU manages to stay close to 2780 bullish levels will be valid again.
Done 2780 touched again
  • #9,409
  • Jan 10, 2012 3:23am Jan 10, 2012 3:23am
Quoting prashant7
hey just found a buy on gbp/jpy '' will be posting some charts in a while ' '

long term support provided at 118 right now '''' may find some pips in this pair in shorter period ' please provide your views also '
Ofcourse,need to see the chart pls, will base my analysis on your chart since I dont have a setup on that particular pair right now.
  • #9,410
  • Jan 10, 2012 3:27am Jan 10, 2012 3:27am
Quoting T@rantula
Ofcourse,need to see the chart pls, will base my analysis on your chart since I dont have a setup on that particular pair right now.
here is a chart ' gbp/jpy will move to around 119.6 ; then 50% profits can be booked and remaining can be carried further with SL at BE '
Attached Image (click to enlarge)
Click to Enlarge Name: 23.GIF Size: 41 KB
finding A M S
  • #9,411
  • Jan 10, 2012 3:44am Jan 10, 2012 3:44am
Quoting prashant7
here is a chart ' gbp/jpy will move to around 119.6 ; then 50% profits can be booked and remaining can be carried further with SL at BE '
Ty for posting will give u my thoughts on it a bit later
  • #9,412
  • Jan 10, 2012 3:49am Jan 10, 2012 3:49am
EU struggling to get to 2807, if it breaks it 2840 is in play ( see the table)
  • #9,413
  • Jan 10, 2012 3:51am Jan 10, 2012 3:51am
welcome back T

I have a target 1.2855
IF 1.2733 is not breached.

Cheers
aligater
born to speculate
  • #9,414
  • Jan 10, 2012 3:58am Jan 10, 2012 3:58am
Quoting T@rantula
EU struggling to get to 2807, if it breaks it 2840 is in play ( see the table)
if EU closes h1 above 1.281 ', 1.29 is almost a smooth ride '' i have this for today's ny session '
finding A M S
  • #9,415
  • Jan 10, 2012 4:05am Jan 10, 2012 4:05am
Quoting aligater
welcome back T

I have a target 1.2855
IF 1.2733 is not breached.

Cheers
aligater
Hey Aligator, which TF? Anyway targets are valid, maybe 2842 will be the top, still it depends whether we break 2807.

For intraday trades( 30-70 pips) I have switched to m30 for entries, and 2807 coincides with 127.2 fib target ( 127.2 - great number) so basically 2807 remains the first priority to EU pair.
  • #9,416
  • Jan 10, 2012 4:05am Jan 10, 2012 4:05am
Quoting prashant7
if EU closes h1 above 1.281 ', 1.29 is almost a smooth ride '' i have this for today's ny session '
2900? Looks a bit high for my taste if intraday is concerned.
  • #9,417
  • Jan 10, 2012 4:15am Jan 10, 2012 4:15am
Quoting T@rantula
Hey Aligator, which TF? Anyway targets are valid, maybe 2842 will be the top, still it depends whether we break 2807.

For intraday trades( 30-70 pips) I have switched to m30 for entries, and 2807 coincides with 127.2 fib target ( 127.2 - great number) so basically 2807 remains the first priority to EU pair.
I am watching 15M, however I do have it on other TF,
mainly 1H.

Cheers
aligater
born to speculate
  • #9,418
  • Jan 10, 2012 4:38am Jan 10, 2012 4:38am
Quoting T@rantula
...still it depends whether we break 2807.

For intraday trades( 30-70 pips) I have switched to m30 for entries, and 2807 coincides with 127.2 fib target ( 127.2 - great number) so basically 2807 remains the first priority to EU pair.
2807 to the pip. 2840 can be seen only if 2807 becomes a support and that means break and retest first.
  • #9,419
  • Jan 10, 2012 5:15am Jan 10, 2012 5:15am
I will post intraday chart in 5 mins so u will see the current situation.
  • #9,420
  • Jan 10, 2012 5:40am Jan 10, 2012 5:40am
This is my Intraday chart based on system i have been using for intraday/set and forget trades.

First of all. We can see that EU switched to uptrend ( intraday correction ) as blue and yellow MAs are correctly aligned and RSI>50. Ignore small arrows as those are possible entry points based strictly on a trend per MA alignment. ( Quad intraday system training)

Red marked areas are bear flags while blue area is a bull flag. Flags signalize the continuation of the current trend. Fib vconfluence points to 2807 as 127.2 ( important fib number for my calculations) collides with DPP based on GMT.

We can see the accumulation ( Blue boxes are Frankfurt-London trading hours +1h added= 6 - 18 GMT time) at the top of the box that may indicate an indecisive market with bullish bias towards NY session. Still as I said 2807 MUST become a support ( its resistance now) if 2840 will be seen. I wouldnt go much above 2840 as we really are in the correction phase. It may go to 2875 but ONLY if 2840 becomes a support.

In the meantime 2750, 2775 provide support for any long trades thou we are in the non trading hours ( consolidation time prior to NY).
Attached Image (click to enlarge)
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