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  • #9,921
  • Jan 24, 2012 4:18am Jan 24, 2012 4:18am
Quoting pipmyride
range range range ... yet ANOTHER false break of the BRN and she's holding above yet again - can we make the top of the range a third time !
I call this " Slow whipsaw grind". Price is grinding slowly in both direction taking out stops on both sides.

price still bullish however.
  • #9,922
  • Jan 24, 2012 4:20am Jan 24, 2012 4:20am
Quoting dbfusion
common now , such annoying Market maker.
yesterday went short on this shitty pair and still not making much of a profit .
while same time went small short on AUDUSD and up 80 pips .
Be cautious, still bullish...
  • #9,923
  • Jan 24, 2012 4:25am Jan 24, 2012 4:25am
Quoting T@rantula
Be cautious, still bullish...
yes its still bullishhhhhhhhhhh and holding today's lows only ' still in demand zone '

great work T ''''''''' keep it up '
finding A M S
  • #9,924
  • Jan 24, 2012 4:27am Jan 24, 2012 4:27am
Quoting prashant7
yes its still bullishhhhhhhhhhh and holding today's lows only ' still in demand zone '

great work T ''''''''' keep it up '
Exactly low needs to be broken and yet again it failed to tag DPP. Above DPP its clearly bullish but dangerous as prone to slow whipsaw grind.
  • #9,925
  • Jan 24, 2012 4:35am Jan 24, 2012 4:35am
Quoting T@rantula
Be cautious, still bullish...
Depends on TF, I think T mean 4h and smaller TF
  • #9,926
  • Jan 24, 2012 4:35am Jan 24, 2012 4:35am
ok, charts are bullish, but euro charts have a bearish divergence

im shorting
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I'm indeed a talking panda. How are you?
  • #9,927
  • Jan 24, 2012 4:37am Jan 24, 2012 4:37am
Quoting T@rantula
Be cautious, still bullish...
agree on longer TF

I am trying to develop new system here.
we might need to discuss it together one day .

pointing to 1.42 lol
I SEE YOU !!
  • #9,928
  • Jan 24, 2012 4:38am Jan 24, 2012 4:38am
Quoting Pandamonium
ok, charts are bullish, but euro charts have a bearish divergence

im shorting
forgot to say... Pound have bullish divergence on the index.

eurgbp may go down
I'm indeed a talking panda. How are you?
  • #9,929
  • Jan 24, 2012 4:39am Jan 24, 2012 4:39am
high vol upthrust - selling entering to the market - still holding short. division of time still maybe 3 4h bars away
as long as this fanline caps PA movement - it shouldnt move north
its a massive sell signal from a PA and volume standpoint.

1. Supply level.
2. Pinbar with high volume - upthrust.
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Have I got something on my face, SOLDIER?
  • #9,930
  • Jan 24, 2012 4:45am Jan 24, 2012 4:45am
Quoting T@rantula
Exactly low needs to be broken and yet again it failed to tag DPP. Above DPP its clearly bullish but dangerous as prone to slow whipsaw grind.
As i expected no 1.31 for this week ''' PA is preparing for a retrace of this upmove from 1.26 to 1.305 '' most probably 1.307 maybe capped for this week if H4 is rejected once more at 1.306 to 1.307 range '
finding A M S
  • #9,931
  • Jan 24, 2012 4:46am Jan 24, 2012 4:46am
Quoting dbfusion
agree on longer TF

I am trying to develop new system here.
we might need to discuss it together one day .

pointing to 1.42 lol
If u see that then one of US still sleepy
  • #9,932
  • Jan 24, 2012 4:50am Jan 24, 2012 4:50am
Quoting prashant7
As i expected no 1.31 for this week ''' PA is preparing for a retrace of this upmove from 1.26 to 1.305 '' most probably 1.307 maybe capped for this week if H4 is rejected once more at 1.306 to 1.307 range '
I suppose we have a good chance to buy eur/chf now as its lowest at around 1.205 ' sept lows ' snb will come in once it touches 1.20 '

you guys can find this information from snb interventions
finding A M S
  • #9,933
  • Jan 24, 2012 4:55am Jan 24, 2012 4:55am
Quoting egkid
Depends on TF, I think T mean 4h and smaller TF
Yes 4h and smaller bullish but it surely need to retrace a bit. It just bothers me why DPP hasnt been tested yet. Too much buyers down there


Quoting Pandamonium
ok, charts are bullish, but euro charts have a bearish divergence

im shorting
So far so good, just pay attention to wicks.

Quoting dbfusion
agree on longer TF

I am trying to develop new system here.
we might need to discuss it together one day .

pointing to 1.42 lol
Id gladly discuss any system im presented to
  • #9,934
  • Jan 24, 2012 4:57am Jan 24, 2012 4:57am
Quoting prashant7
I suppose we have a good chance to buy eur/chf now as its lowest at around 1.205 ' sept lows ' snb will come in once it touches 1.20 '

you guys can find this information from snb interventions
It might be, I have slowed down on trading the pair as its prone 2 much to snb speculations at the moment.
  • #9,935
  • Jan 24, 2012 5:01am Jan 24, 2012 5:01am
If we break and retest DPP on continuation to the downside it should give 2920 pay attention to levels.
  • #9,936
  • Jan 24, 2012 5:01am Jan 24, 2012 5:01am
1H closed where it suppose to b close.
I posted my view and today target so nothing to do now
Catch u later after few H
  • #9,937
  • Jan 24, 2012 5:03am Jan 24, 2012 5:03am
Quoting egkid
If u see that then one of US still sleepy
I don't see anything still need my second cup of coffee


but really some interesting observations last year of PA .

tried to develop something extra that could catch some moves .

check those figures I came up with .
1.33 area is high potential retrace area and resistance .

and on weekly chart 1.42 is potential final target .

and 1.2820 was the long entry area .

ofcorse those figures are pure speculation of new PA theory I am trying to develop , I have no idea if it will go for it or not .
I SEE YOU !!
  • #9,938
  • Jan 24, 2012 5:09am Jan 24, 2012 5:09am
Quoting T@rantula
If we break and retest DPP on continuation to the downside it should give 2920 pay attention to levels.
I am looking at 1.285 for a clear retrace ' lets see the PA if it gets rejected at 1.305 only again or at 1.307
finding A M S
  • #9,939
  • Edited 6:41am Jan 24, 2012 6:01am | Edited 6:41am
It seems like the downward pressure on the euro is keeping it from breaking the 1.3027 level as long as this holds by 13:20 GMT we could see 1.2975 again as all are aware this is a major level...

How many things make this area crucial:
1.) Friday Session High
2.) Bull flag channel low
3.) Daily pivot
4.) Buy zone as per my charts...

There are 2 kind of breaks
Slow grinding breaks those to be careful off and
Second break where it goes through it---in this case longs I would not even consider as would like to see where the break stops..

Lower we have
1.2940 and 1.2920 as Mr T has mentioned...

Personally after a fantastic session yesterday I traded in asia and took a bit of a hit...
But you win some loose some I guess
Currently holding short from 1.3027 sl at be
Target is 1.2975 and 1.2940
Dow and ES are heading down so lets see...

I have attatched a chart to explain the importance of 1.3027 at the present momment in time
and how to trade a diamond.
Might help any body new...most of you are proficient traders :-)

Also Would like to take time out to say thank you to the incredible efforts Tarantula gives to the thread .
A true well of knowledge..

Good Luck
BW
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Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #9,940
  • Jan 24, 2012 6:41am Jan 24, 2012 6:41am
Quoting BlackWid0w
It seems like the downward pressure on the euro is keeping it from breaking the 1.3027 level as long as this holds by 13:20 GMT we could see 1.2975 again as all are aware this is a major level...

How many things make this area crucial:
1.) Friday Session High
2.) Bull flag channel low
3.) Daily pivot
4.) Buy zone as per my charts...

There are 2 kind of breaks
Slow grinding breaks those to be careful off and
Second break where it goes through it---in this case longs I would not even consider as would like to see where the break stops..

Lower...
Thanx for the comment BW

This hard to trade atm as volatility really died off, so its hold the position until another momentum push.

4hr shows a RISING WEDGE that is usually a sign of REVERSAL, so if u ask me from a technical standpoint we should see a dramatical drop in prices.

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