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  • #9,781
  • Jan 20, 2012 4:29am Jan 20, 2012 4:29am
EURUSD........ 4hr Trading between the goal post.....

As long as price is above the green 100 MA the bias remains bullish.

Multi support around there the Blue Line..... expected buyers out there....
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  • #9,782
  • Jan 20, 2012 4:42am Jan 20, 2012 4:42am
We are in a sort of profit taking stage. We should see next 20 mins. 2895 held and that is interim support just 20 pips above major intraday support 2875
  • #9,783
  • Jan 20, 2012 4:43am Jan 20, 2012 4:43am
Time for nasty bears to defend the level......... If they can......
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  • #9,784
  • Jan 20, 2012 4:48am Jan 20, 2012 4:48am
Quoting Munal
Time for nasty bears to defend the level......... If they can......
Using your chart Munal. Thanx for sharing. Yes thing can get ugly for bears if the level is broken we may have Inverse H & S during US session.

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  • #9,785
  • Jan 20, 2012 4:59am Jan 20, 2012 4:59am
Quoting Munal
Time for nasty bears to defend the level......... If they can......
They have defended the level. They saw what would happen if they let it go.
  • #9,786
  • Jan 20, 2012 5:14am Jan 20, 2012 5:14am
Quoting T@rantula
They have defended the level. They saw what would happen if they let it go.

What next mate now the Existing Home Sales?
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  • #9,787
  • Jan 20, 2012 5:19am Jan 20, 2012 5:19am
Quoting Munal
What next mate now the Existing Home Sales?
We may see a range 2875 (95)-2930. Below we will probably have some covering from the bulls' side and above 2930 we can expect 2980 again. So at the time being its advisable to watch PA and play the break of the levels with retest.

US news are scheduled in 3.30h ( 15 gmt) and it will surely move the market as it coincides with cross session trading.
  • #9,788
  • Jan 20, 2012 5:27am Jan 20, 2012 5:27am
From a longer term perspective, this chart shows in January we are milling around the 50% fib area.
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  • #9,789
  • Jan 20, 2012 5:34am Jan 20, 2012 5:34am
Quoting AlexC
From a longer term perspective, this chart shows in January we are milling around the 50% fib area.
January the first month in new year. Maybe the candle will close as a spinning top.
  • #9,790
  • Jan 20, 2012 5:40am Jan 20, 2012 5:40am
Quoting T@rantula
January the first month in new year. Maybe the candle will close as a spinning top.
Lots of large orders accumulated on the books around here.
  • #9,791
  • Jan 20, 2012 5:50am Jan 20, 2012 5:50am
Quoting AlexC
Lots of large orders accumulated on the books around here.
Very interesting because depends on my view i suppose there are accumulated orders but can't see the accumulatedon my chart.

How u know there is accumulated?
  • #9,792
  • Jan 20, 2012 6:01am Jan 20, 2012 6:01am
Which point in your view if 4h or daily close under it then bears in total control?
  • #9,793
  • Jan 20, 2012 6:02am Jan 20, 2012 6:02am
Quoting egkid
Which point in your view if 4h or daily close under it then bears in total control?
Below 2870 on my charts.
  • #9,794
  • Jan 20, 2012 6:08am Jan 20, 2012 6:08am
Guys if 2875 stays firm this is correction, so we will still be able to see 3000. Mind u its Friday.
  • #9,795
  • Jan 20, 2012 6:20am Jan 20, 2012 6:20am
Quoting T@rantula
Below 2870 on my charts.
mine 1.2800
till then bulls show me what u can do
Inserted Video
  • #9,796
  • Jan 20, 2012 6:41am Jan 20, 2012 6:41am
5 min chart looks like want to go 2940 to make W shape
B Careful guys
  • #9,797
  • Jan 20, 2012 6:42am Jan 20, 2012 6:42am
Quoting egkid
Very interesting because depends on my view i suppose there are accumulated orders but can't see the accumulatedon my chart.

How u know there is accumulated?
Being the half way mark on the monthly chart you know there's the probability for example, that hedge funds are either buying or dumping their positions. When I say accumulation, I meant the Central Banks are accumulating or collecting all buy and sell orders in this price area. I should have been more specific.
  • #9,798
  • Jan 20, 2012 6:46am Jan 20, 2012 6:46am
Quoting AlexC
Being the half way mark on the monthly chart you know there's the probability that for example, hedge funds are either buying or dumping their positions. When I say accumulation, I meant the Central Banks in specific, are accumulating or collecting all buy and sell orders in this price area.
  • #9,799
  • Jan 20, 2012 9:26am Jan 20, 2012 9:26am
Quoting egkid
5 min chart looks like want to go 2940 to make W shape
B Careful guys
2940 and take Sell here
  • #9,800
  • Jan 20, 2012 9:28am Jan 20, 2012 9:28am
Quoting T@rantula
We may see a range 2875 (95)-2930. Below we will probably have some covering from the bulls' side and above 2930 we can expect 2980 again. So at the time being its advisable to watch PA and play the break of the levels with retest.

US news are scheduled in 3.30h ( 15 gmt) and it will surely move the market as it coincides with cross session trading.
4h ago..


I just came home to my Trading station...and defo I see the confirmation of the analysis.

2875 stood firm EU jumped and currently close to 2940. That proves my opinion that we indeed had the retracement.

No real bears now.
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