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EURUSD

  • #590,741
  • Feb 1, 2012 9:14am Feb 1, 2012 9:14am
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Close? Or not close.. That's the question.
I will wait for clear move. Upside at this time, I think.
Attached Image
  • #590,742
  • Feb 1, 2012 9:22am Feb 1, 2012 9:22am
First buy I put on yesterday was stopped out at +1.

Second buy went in at 1.3043 (.500 fib on 240) with a target of 1.3235 (same target as the trade I stated yesterday). I've taken 50% of my positions off at 150 pips (momentum was starting to weaken). Everything else is currently sitting at +100 waiting for the target.


There are two PSRs above the 1.3235, at 1.3246 and 1.3251, and the even number of 1.3250. At the price of 1.3235 there will be less than 30 pips to the 240 trend wall, should be little interest from the market movers to push it up. I am expecting a bounce at 1.3235 and find a bottom at ~1.3130 (500 fib) or ~1.3105 (618 fib).

This is still a 240 UPTREND; sell with caution as price could turn on a dime against you.
Trade like a banker, trade to targets.
  • #590,743
  • Feb 1, 2012 9:28am Feb 1, 2012 9:28am
Quoting Asani
ZigZag pattern complete currently going through Wave 2(correction)
Can you update the next projected move
PPP - Patience Pays PIPS
  • #590,744
  • Feb 1, 2012 9:51am Feb 1, 2012 9:51am
Quoting rustyram
Can you update the next projected move
As i stated earlier currently we are going through wave 2 which is a corrective wave and usually retraces upto 61.8% Fib and will be followed by wave 3 upwards.
Note: The pattern will become invalid if wave 2 retraces 100% of wave 1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD(1 hour).png Size: 48 KB
  • #590,745
  • Feb 1, 2012 9:59am Feb 1, 2012 9:59am
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  • #590,746
  • Feb 1, 2012 10:05am Feb 1, 2012 10:05am
Quoting Johnny Depp
  • #590,747
  • Feb 1, 2012 10:05am Feb 1, 2012 10:05am
i like this number 3278-84 and 341x...
  • #590,748
  • Feb 1, 2012 10:07am Feb 1, 2012 10:07am
Quoting screwup
i like this number 3278-84 and 341x...
If we head up I think it will be good for NFP
  • #590,749
  • Feb 1, 2012 10:15am Feb 1, 2012 10:15am
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Quoting Asani
As i stated earlier currently we are going through wave 2 which is a corrective wave and usually retraces upto 61.8% Fib and will be followed by wave 3 upwards.
Note: The pattern will become invalid if wave 2 retraces 100% of wave 1
Completely different view on Daily.
Attached Image (click to enlarge)
Click to Enlarge Name: Zrzut ekranu 2012-02-1 o 19.14.30.JPG Size: 62 KB
  • #590,750
  • Feb 1, 2012 10:19am Feb 1, 2012 10:19am
checking PA from mobile and I am damn sure many many many traders must have been fucked up today

my pending buy didnt hit
Trade responsiblypatience is the key/Swing trader
  • #590,751
  • Feb 1, 2012 10:22am Feb 1, 2012 10:22am
...is key. Can we close above it and move higher?

My Bear instincts still say no for the moment

Bullish movement remains in the long term though.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily 3.jpg Size: 62 KB
  • #590,752
  • Feb 1, 2012 10:22am Feb 1, 2012 10:22am
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Quoting Incrediblle
checking PA from mobile and I am damn sure many many many traders must have been fucked up today

my pending buy didnt hit
Hah! Forex-ly Addicted? Good to know I'm not alone
  • #590,753
  • Feb 1, 2012 10:24am Feb 1, 2012 10:24am
Quoting sidhujag
If we head up I think it will be good for NFP

if not today, this week ....
  • #590,754
  • Feb 1, 2012 10:25am Feb 1, 2012 10:25am
Quoting orzels
Hah! Forex-ly Addicted? Good to know I'm not alone
got fucked up?

hehehe
Trade responsiblypatience is the key/Swing trader
  • #590,755
  • Feb 1, 2012 10:27am Feb 1, 2012 10:27am
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Quoting Incrediblle
got fucked up?

hehehe
No, going mobile
  • #590,756
  • Feb 1, 2012 10:29am Feb 1, 2012 10:29am
This really messy rangeing at top, middle point being 97, extremes 17 and 77.

It is 8hr 3.resistance (is futile!) and that made this sucker range.

No idea what's gonna happen next...
They think they are smarter than I am.
  • #590,757
  • Feb 1, 2012 10:31am Feb 1, 2012 10:31am
could be wrong but heads up....

it looks like the sell-off into the close has begun

GBP, AUD, and EUR vs USD pairs starting to slip on profit taking.
  • #590,758
  • Feb 1, 2012 10:47am Feb 1, 2012 10:47am
Quoting Karthunk
First buy I put on yesterday was stopped out at +1.

Second buy went in at 1.3043 (.500 fib on 240) with a target of 1.3235 (same target as the trade I stated yesterday). I've taken 50% of my positions off at 150 pips (momentum was starting to weaken). Everything else is currently sitting at +100 waiting for the target.


There are two PSRs above the 1.3235, at 1.3246 and 1.3251, and the even number of 1.3250. At the price of 1.3235 there will be less than 30 pips to the 240 trend wall, should be little interest from the market movers to push...
I've taken all positions off and am now looking for a possible buys at 1.3145 (318 fib and PSR), 1.3128 (500 fib and PSR)

Expect strong resistance on the sell at 1.3163 as it's a S1.
Trade like a banker, trade to targets.
  • #590,759
  • Feb 1, 2012 10:47am Feb 1, 2012 10:47am
bad news or the bears are here?
  • #590,760
  • Feb 1, 2012 10:50am Feb 1, 2012 10:50am
In case you haven't heard enough Greek debt talk blah blah blah...

IIF now says making progress expect deal NEXT WEEK.
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