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  • #592,461
  • Feb 7, 2012 7:59am Feb 7, 2012 7:59am
Quoting Fx.med
Nice !
SL @ be+5
let's see if we break 13200 this time
i love the current weekly candle as it indicate to me 13200 and more
GL
Technically it should break through the 1.32000 level and continue to the long side. There is a very definite flag pattern on the daily chart. However the problem is that this is the eighth trading day on which the 1.3200 has not properly broken. There has only been one day where there was a close above 1.32000 and that was the first day. Looking at Ichimoku on the daily chart, the price action sits in Kumo and has bounced along the bottom. This hints at further consolidation without any firm direction. Kumo is bearish though Tenkan Sen is above Kijun Sen which in itself is bullish. Chikou Span is above the price action which could be construed as being bullish though there is not much clearance. All in all the signals are mixed and I think we are going to see a continued range with 1.32000 being the top and 1.3000 being the bottom.

However the top of Kumo is falling along with the bottom rising and future Kumo narrowing. Sooner or later price action will exit Kumo and that I believe that will give the directional queue. Until it exits Kumo, I really think that it is anyone's guess.

Using this analysis I shall continue to trade the range until we get a breakout and with a bit of luck I may be in a trade which is in the direction of the breakout.
  • #592,462
  • Feb 7, 2012 8:00am Feb 7, 2012 8:00am
Anyone know about Fed Chairman Bernanke Testifies ? if it is a big news, the EURO/USD react ?
Think Different
  • #592,463
  • Feb 7, 2012 8:00am Feb 7, 2012 8:00am
i would like to see such a move into the opposite! its always the same, price is fighting down and then BAM, up again.
.:: your stop loss is another trader's first target ::.
  • #592,464
  • Feb 7, 2012 8:03am Feb 7, 2012 8:03am
Quoting Z3iz3i
Short area is between 65/75.

Idea:

Wait for a spike getting stops around 75 and short it.
For confirmation there should be 5min close below 65.
Hmm....maybe 1.32 today and above. Sellers got spooked here.
They think they are smarter than I am.
  • #592,465
  • Feb 7, 2012 8:03am Feb 7, 2012 8:03am
Short @ 1.3175
Teaching while learning and learning while teaching
  • #592,466
  • Feb 7, 2012 8:04am Feb 7, 2012 8:04am
Quoting ChristopherM
Technically it should break through the 1.32000 level and continue to the long side. There is a very definite flag pattern on the daily chart. However the problem is that this is the eighth trading day on which the 1.3200 has not properly broken. There has only been one day where there was a close above 1.32000 and that was the first day. Looking at Ichimoku on the daily chart, the price action sits in Kumo and has bounced along the bottom. This hints at further consolidation without any firm direction. Kumo is bearish though Tenkan Sen is above...
I've tried and documented for myself the Ichimoku but it doesn't do much for me. As for you since all your signals are mixed.
I wish you the best though.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #592,467
  • Feb 7, 2012 8:04am Feb 7, 2012 8:04am
next 3207
  • #592,468
  • Feb 7, 2012 8:04am Feb 7, 2012 8:04am
yay!! hit my tp.sell from top tomorrow,waiting progress daily cs close today.possible market may go above last weekly cs.

happy trading everyone,

"simple method,be friends with bulls and bears"
patient is my attitude, rushing is a dog
  • #592,469
  • Feb 7, 2012 8:04am Feb 7, 2012 8:04am
Quoting rplacido
Short @ 1.3175
so risky
  • #592,470
  • Feb 7, 2012 8:04am Feb 7, 2012 8:04am
Quoting rplacido
Short @ 1.3175
Any reason?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #592,471
  • Feb 7, 2012 8:05am Feb 7, 2012 8:05am
Testing time,place your bets.
4 hr,yesterday and now.
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You can remain irrational longer than you can remain solvent.
  • #592,472
  • Feb 7, 2012 8:07am Feb 7, 2012 8:07am
I've place short with sl above previous high - I think will have a pullback
  • #592,473
  • Feb 7, 2012 8:08am Feb 7, 2012 8:08am
Quoting rplacido
Short @ 1.3175
sign of bull run out of steam not seen yet...
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #592,474
  • Feb 7, 2012 8:09am Feb 7, 2012 8:09am
Quoting Forexprofit
I've place short with sl above previous high - I think will have a pullback
And is your "above previous high" above a resistance area? Other wise your stop I regret to say is quite useless.
But don't worry about it, donating to the "Whale Fund" is always a goal that you should keep in mind.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #592,475
  • Feb 7, 2012 8:10am Feb 7, 2012 8:10am
Quoting mercy seat
All fine and ok for the Euro - as long as not crossed below 1.3016/ 14 with confirmation below figure ...

Bullish attempts and continuation only with cross above 1.3153 - 1.3167 and with clean cross of above 1.3182 (Position Trades Stop) for one more attempt to visit 1.3206 (Elliott) or even higher ...

That's all ...




;-|
Started a SHORT pos. at 1.31867 ...

Time 15h05 CET ...

No stops as I am prepaired for further upside ...

See various explanations at various places before ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #592,476
  • Feb 7, 2012 8:10am Feb 7, 2012 8:10am
time to 1,30xx again?
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  • #592,477
  • Feb 7, 2012 8:12am Feb 7, 2012 8:12am
Bernanke will bring it down after an hour...? help me and help you !
Think Different
  • #592,478
  • Feb 7, 2012 8:12am Feb 7, 2012 8:12am
Quoting KillerWhale
I've tried and documented for myself the Ichimoku but it doesn't do much for me. As for you since all your signals are mixed.
I wish you the best though.
The signals are not always mixed and when they do line up, you have a very high probability trade. Mixed signals really is a signal to trade the range and not a trend. I prefer to trade a trend as that allows me to add to winners. However the market does not always trend and when it is not trending, range trading is the only option (unless of course you wish to be flat which is a trading decision in itself).
  • #592,479
  • Feb 7, 2012 8:13am Feb 7, 2012 8:13am
Quoting KillerWhale
And is your "above previous high" above a resistance area? Other wise your stop I regret to say is quite useless.
Yeah that's right, Don't like rumors from Greece only they bring it up we shall see This week I've managed satisfied increase in my capital I can afford this little riskier short
  • #592,480
  • Feb 7, 2012 8:13am Feb 7, 2012 8:13am
Quoting Logik
time to 1,30xx again?
Nah, i doubt. Need to see NY cut first.

Range 65/85.
They think they are smarter than I am.
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