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  • #9,441
  • Jan 11, 2012 4:35am Jan 11, 2012 4:35am
2748 Median point rejection.
  • #9,442
  • Jan 11, 2012 4:46am Jan 11, 2012 4:46am
hey tarantula


here is a chart on recent cable and euro drops - sorry for not posting earlier was eating my noodles

lets see if we can get pullback entries on the drop south. but first we need to see how price acts at the next timeline as with the fanlines as well
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sterling.gif Size: 25 KB
Click to Enlarge Name: euro.gif Size: 29 KB
Have I got something on my face, SOLDIER?
  • #9,443
  • Jan 11, 2012 5:17am Jan 11, 2012 5:17am
Quoting T@rantula
Cable range trade is

Buy on BPC: 5470

Sell on BPC:5450

Attachment
Just a reminder, havent taken the 2nd one but if one did scale out or close +20 now.
  • #9,444
  • Jan 11, 2012 5:18am Jan 11, 2012 5:18am
Quoting bumapatria
hey tarantula


here is a chart on recent cable and euro drops - sorry for not posting earlier was eating my noodles

lets see if we can get pullback entries on the drop south. but first we need to see how price acts at the next timeline as with the fanlines as well
Hey Buma, what are those lines? How do u read it? I am not familiar with that concept :/
  • #9,445
  • Jan 11, 2012 5:26am Jan 11, 2012 5:26am
Quoting T@rantula
Current situation is not clear yet. EU opened below DPP so generally it may have a false break or DPP retest to the upside-2773 then reverse as per main trend on higher TF.

2748 and below its all bearish, for the continuation EU needs to stay below 2730 where it will expose 2695.

For the bulls to gather strenght and momentum 2773 needs to turn into a support first.
Done.

Attached Image (click to enlarge)
Click to Enlarge Name: levels.jpg Size: 98 KB
  • #9,446
  • Jan 11, 2012 6:34am Jan 11, 2012 6:34am
2722 is now a resistance. NY may retest it.
  • #9,447
  • Jan 11, 2012 6:57am Jan 11, 2012 6:57am
Quoting T@rantula
2722 is now a resistance. NY may retest it.
Did u see it? This could be a stop hunt. Always pay attention in these hours, move to the upside may be a fake one. 2700-2730 in 2 minutes.
  • #9,448
  • Jan 11, 2012 7:01am Jan 11, 2012 7:01am
hi T

its support resistance but based on ccertain angles - its made by using a certain range of price and using a constant time period. the intersections are divisions of time. basically - its a time trading tool.



so euro now moves up - probably a shakeout and profit taking. not really thinking its a reversal but who knows.
Have I got something on my face, SOLDIER?
  • #9,449
  • Jan 11, 2012 7:09am Jan 11, 2012 7:09am
Quoting bumapatria
hi T

its support resistance but based on ccertain angles - its made by using a certain range of price and using a constant time period. the intersections are divisions of time. basically - its a time trading tool.



so euro now moves up - probably a shakeout and profit taking. not really thinking its a reversal but who knows.
I also dont think its reversal, it may be a stop hunt or fade trading. I knew it will happen this way or the other.
  • #9,450
  • Jan 11, 2012 7:21am Jan 11, 2012 7:21am
2702 again it was a clear stop hunt.
  • #9,451
  • Jan 11, 2012 7:33am Jan 11, 2012 7:33am
2690 at the moment.break of the low will target 2675>2650
  • #9,452
  • Jan 11, 2012 8:43am Jan 11, 2012 8:43am
Quoting T@rantula
2690 at the moment.break of the low will target 2675>2650
2675 touched
  • #9,453
  • Jan 11, 2012 8:59am Jan 11, 2012 8:59am
For those who have been following and took shorts.

Scale out now and put TP at 2650 SL to BE. The big candle needed to be responded to that why we had some whipsaws but the SpiderNet Quad has captured the trend. Im +37 currently in this trade ( 3670 atm)

Attached Image (click to enlarge)
Click to Enlarge Name: euu.jpg Size: 113 KB
  • #9,454
  • Jan 11, 2012 10:04am Jan 11, 2012 10:04am
I have 2570-2600 as a important level,
Here is why:

2570 is the 261.8 price extension of 4251-3609
2570 is the 161.8 price extension of 4251-3213
2590 is the 127.2 price extension of 4251-2945
2597 is the 138.2 price extension of 3855-2945
2598 is the 133.2 price extension of 4555-3139

But 2650 will do well too

Quoting T@rantula
For those who have been following and took shorts.

Scale out now and put TP at 2650 SL to BE. The big candle needed to be responded to that why we had some whipsaws but the SpiderNet Quad has captured the trend. Im +37 currently in this trade ( 3670 atm)

Attachment
  • #9,455
  • Jan 11, 2012 10:51am Jan 11, 2012 10:51am
Quoting Kambooj
I have 2570-2600 as a important level,
Here is why:

2570 is the 261.8 price extension of 4251-3609
2570 is the 161.8 price extension of 4251-3213
2590 is the 127.2 price extension of 4251-2945
2597 is the 138.2 price extension of 3855-2945
2598 is the 133.2 price extension of 4555-3139

But 2650 will do well too
My view it will b broken and go down- bearish cycle not ended Yet.
  • #9,456
  • Jan 11, 2012 11:14am Jan 11, 2012 11:14am
A/U
Tempting to [email protected]
  • #9,457
  • Jan 11, 2012 11:48am Jan 11, 2012 11:48am
Quoting egkid
A/U
Tempting to [email protected]
AUD/U
I'm IN [email protected]
  • #9,458
  • Jan 11, 2012 4:37pm Jan 11, 2012 4:37pm
Welcome back guys Expecting a lot from u both
  • #9,459
  • Jan 12, 2012 1:37am Jan 12, 2012 1:37am
Hello guys,

I am taking a counter trade now.

E:2717
SL:2690
TP:2780
  • #9,460
  • Jan 12, 2012 1:41am Jan 12, 2012 1:41am
Quoting T@rantula
Hello guys,

I am taking a counter trade now.

E:2717
SL:2690
TP:2780
Attached Image (click to enlarge)
Click to Enlarge Name: ru.jpg Size: 80 KB


P.S.Counter trend trades 0,5 % risk
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