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  • #10,461
  • Feb 2, 2012 2:29am Feb 2, 2012 2:29am
Quoting huskyboy
break tl, bearish divergence, low LO

closed half +30, rest BE +10
  • #10,462
  • Feb 2, 2012 2:31am Feb 2, 2012 2:31am
Good scalps on short side guys. This was a momentum trade. I need to express caution today as yesterday's price action just doesnt go in favour of bears.

Now we have mixed signals from shorter TFs ( range bars nailed this trade), BUT the pattern on a daily chart is not common for bearish market. PA on daily suggested continuation of uptrend. There we have another slight problem.

3215 capped the upmove and we can see inverse head and shoulders variant cannot be formed while below 3215. Thats why I think 3215 is crucial to the upside ( 3212-3215). Also 3240 has proven to be a good resistance, but I think If EU breaks 3215 today 3240 will be broken too.

SO far EU has touched 3135 then jumped, lets see if it can respect all bearish level counts, but careful with shorts...

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  • #10,463
  • Feb 2, 2012 2:31am Feb 2, 2012 2:31am
Yes, that's what I think as well. a little bit of stop hunt.. and up

Quoting Agro
Currently testing daily pivot at 3135. Also SD zone from yesterday. Could be London fake before real move up, but momentum is so strong. I have put on a small long at pivot point. What you think Tara?

Ps Already scalped it for +12 so profit no matter what
  • #10,464
  • Feb 2, 2012 2:32am Feb 2, 2012 2:32am
Quoting bumapatria
u going to plan to short the retest of the broken demand level?
I think i wont...I am not so confident in shorts continuation.. This as well might be a slight pullback on a daily before next swing up. Lower TFs shows shorts, DAily is bullish.

I will pay attention to range bars.
  • #10,465
  • Feb 2, 2012 2:35am Feb 2, 2012 2:35am
Quoting Agro
Currently testing daily pivot at 3135. Also SD zone from yesterday. Could be London fake before real move up, but momentum is so strong. I have put on a small long at pivot point. What you think Tara?

Ps Already scalped it for +12 so profit no matter what
I think this might be a pullback before next swing up.
  • #10,466
  • Feb 2, 2012 2:36am Feb 2, 2012 2:36am
Quoting Agro
Currently testing daily pivot at 3135. Also SD zone from yesterday. Could be London fake before real move up, but momentum is so strong. I have put on a small long at pivot point. What you think Tara?

Ps Already scalped it for +12 so profit no matter what
i thnk it consumed the buy orders from the Wide range Bar / WRB. hit once now is hit deeper.

but just my view and woulda been a nice scalp op.
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Have I got something on my face, SOLDIER?
  • #10,467
  • Feb 2, 2012 2:43am Feb 2, 2012 2:43am
Momentum surge should be back in next 20 mins.
  • #10,468
  • Feb 2, 2012 2:46am Feb 2, 2012 2:46am
Quoting Agro
Currently testing daily pivot at 3135. Also SD zone from yesterday. Could be London fake before real move up, but momentum is so strong. I have put on a small long at pivot point. What you think Tara?

Ps Already scalped it for +12 so profit no matter what
Scaled out at 3160 for +25. Still 2/3s running with stop just below BE
  • #10,469
  • Feb 2, 2012 2:54am Feb 2, 2012 2:54am
breaking wedge/flag on dow
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Have I got something on my face, SOLDIER?
  • #10,470
  • Feb 2, 2012 2:54am Feb 2, 2012 2:54am
Quoting Agro
Scaled out at 3160 for +25. Still 2/3s running with stop just below BE
Good. 3160 a crucial level. Above 3160 we will shift momentum to longs. It has been retested.

3135-3160 range now. 9 am gmt should provide the needed momentum.
  • #10,471
  • Feb 2, 2012 3:02am Feb 2, 2012 3:02am
Norwegian unemployment 2.8% for january previously 2.4%

more negative news on jobs

WRB zone almost consumed in full - touched the low of the WRB and we shall see for a clean sweep or still some pullbacks
Have I got something on my face, SOLDIER?
  • #10,472
  • Feb 2, 2012 3:02am Feb 2, 2012 3:02am
Aussie 4 hr chart.. i see strong resistance aat and above current hhighs on both Aussie and Cable.. so will be looking to short on shorter term time frames.. as per river and stochasic and CCiI RSI to
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  • #10,473
  • Feb 2, 2012 3:05am Feb 2, 2012 3:05am
Quoting Agro
Scaled out at 3160 for +25. Still 2/3s running with stop just below BE
Stopped on rest for -2.5 pips.
  • #10,474
  • Feb 2, 2012 3:06am Feb 2, 2012 3:06am
Quoting Agro
Stopped on rest for -2.5 pips.
That was a retest , still good one mate.


Idd 9 am gmt gave the momentum breaking 3135 to the downside. 3125 next stop.

Im flat but the levels are being respected.
  • #10,475
  • Feb 2, 2012 3:08am Feb 2, 2012 3:08am
closing euro short for +37.
Have I got something on my face, SOLDIER?
  • #10,476
  • Feb 2, 2012 3:13am Feb 2, 2012 3:13am
Quoting T@rantula
That was a retest , still good one mate.


Idd 9 am gmt gave the momentum breaking 3135 to the downside. 3125 next stop.

Im flat but the levels are being respected.
Cheers mate. Yeah, may still go higher but looks like should go lower first to me. Also I am still trying to learn this longer term day trading racket and have let a few profits turn into losses so didn't want that to happen again Also, that 1h bar must look pretty scary for the bulls
  • #10,477
  • Feb 2, 2012 3:16am Feb 2, 2012 3:16am
2 good entries to the short side missed. Range Bars showed entries perfectly. It was daily which made me missing the shorts.

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  • #10,478
  • Feb 2, 2012 3:19am Feb 2, 2012 3:19am
Quoting Agro
Cheers mate. Yeah, may still go higher but looks like should go lower first to me. Also I am still trying to learn this longer term day trading racket and have let a few profits turn into losses so didn't want that to happen again Also, that 1h bar must look pretty scary for the bulls
Well thats why i prefer and expertise in intraday trading. Market conditions are such that LONGER TERM is not safe by any means.

Quoting bumapatria
closing euro short for +37.
Well done Buma! 3125 that is the level on my table also. 6 pips far from London projected low 3119 and the level where price is reacting ( 3125)..
  • #10,479
  • Feb 2, 2012 3:19am Feb 2, 2012 3:19am
T u told me that every timeframe is dimenssion of its own. or are you just taking a precaution?

just asking - not trying to diss u or anything


aded to dow shorts on break of 1x1 line.


target is the falling 1x1 line
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Have I got something on my face, SOLDIER?
  • #10,480
  • Feb 2, 2012 3:20am Feb 2, 2012 3:20am
Hehe, don't miss the longs then
Quoting T@rantula
2 good entries to the short side missed. Range Bars showed entries perfectly. It was daily which made me missing the shorts.

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