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  • #10,761
  • Feb 8, 2012 1:42am Feb 8, 2012 1:42am
Level count for London session


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  • #10,762
  • Feb 8, 2012 1:48am Feb 8, 2012 1:48am
If no HH is made in next hour EU is targeting 3220-3213 as a pullback.
  • #10,763
  • Feb 8, 2012 1:55am Feb 8, 2012 1:55am
Me personally would like to see 3297 first then 3350. There I would short.
  • #10,764
  • Feb 8, 2012 2:08am Feb 8, 2012 2:08am
Quoting T@rantula
Me personally would like to see 3297 first then 3350. There I would short.
Why? Because we are having first swing in uptrend in London session and shorting before it has been made prior to swing is mindless. Thats what we dont do here. Remember we are real traders

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  • #10,765
  • Feb 8, 2012 2:24am Feb 8, 2012 2:24am
H4 channel consolidation has been broken. 3220. ( remember 80s and 20s)
This was a great signal for higher TF traders to add longs or go long.

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  • #10,766
  • Feb 8, 2012 2:32am Feb 8, 2012 2:32am
Quoting T@rantula
H4 channel consolidation has been broken. 3220. ( remember 80s and 20s)
This was a great signal for higher TF traders to add longs or go long.

Attachment
Morning
Your levels are excellent don't know how u calculated but most of time the same with me.

Still hold my long orders@3040 and 3090
  • #10,767
  • Feb 8, 2012 2:36am Feb 8, 2012 2:36am
Quoting egkid
Morning
Your levels are excellent don't know how u calculated but most of time the same with me.

Still hold my long orders@3040 and 3090
Remember when we talked about fibs and pyramids? Fibs are really mysterious and excellent way to calculate it

Very good bro. Excellent trades on the long side! You are completely going with the flow .
  • #10,768
  • Feb 8, 2012 2:38am Feb 8, 2012 2:38am
Quoting T@rantula
Me personally would like to see 3297 first then 3350. There I would short.
Do you see any resistance around 1.333 i find euro to halt there for a bit before moving further

yes 1.322 is the best place to long but will the PA reach there before 1.33 ? have to see what it does
finding A M S
  • #10,769
  • Feb 8, 2012 2:43am Feb 8, 2012 2:43am
Quoting prashant7
Do you see any resistance around 1.333 i find euro to halt there for a bit before moving further

yes 1.322 is the best place to long but will the PA reach there before 1.33 ? have to see what it does
Am not sure if it will reach 3220.. I wont fade it, no chance. Going with the pullback>continuation trades. If there is no possibility for it, then im flat.

Counter trades are best play when we are in the heavy range. When important level has been broken ( 3240) yesterday, that signals the continuation, I just dont feel comfortable with shorting the "tops".

Yes i see 3332 resistance and EU will halt there if it gets there at least for a small pullback.
  • #10,770
  • Feb 8, 2012 2:45am Feb 8, 2012 2:45am
Hi everyone!

Been wrong yesterday with cable, might be wrong today again but can't help myself but expect a top formation soon and a trend reversal.
Divergences on higher TF's and fundamentals, also previous rising support TL now acts as resistance... a lot of shorts getting squeezed but I don't expect a try to conquer $1.60 this week.

We'll see, I'm just slowly loading shorts, will only add more if reversal is confirmed.
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Don't get mad, get even!
  • #10,771
  • Feb 8, 2012 2:56am Feb 8, 2012 2:56am
Daily Picture

3300 to 333x level area to watch..... Price visiting daily 100 sma after 4 months and there is R1 along selling activities could be seen......

Today low 3241 was at 38.2 fib level which hold price nicely so far...
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  • #10,772
  • Feb 8, 2012 2:58am Feb 8, 2012 2:58am
Quoting stulic
Hi everyone!
We'll see, I'm just slowly loading shorts, will only add more if reversal is confirmed.
Hey Stulic,just be careful with shorts. I add to a losing position only if its close to SL.
  • #10,773
  • Edited 3:18am Feb 8, 2012 3:08am | Edited 3:18am
Quoting T@rantula
Hey Stulic,just be careful with shorts. I add to a losing position only if its close to SL.
Sure, I'm long Aussie at the same time tho, hedges well against any drawdown.

Edit: currently AUD/USD +57 GBP/USD -32
Don't get mad, get even!
  • #10,774
  • Feb 8, 2012 3:21am Feb 8, 2012 3:21am
Quoting stulic
Sure, I'm long Aussie at the same time tho, hedges well against any drawdown.

Edit: currently AUD/USD +57 GBP/USD -32
Cross-pair hedging strategy. Similar with EURUSD/USDCHF. It can work out, i know some old traders applying those.

  • #10,775
  • Feb 8, 2012 3:32am Feb 8, 2012 3:32am
Quoting stulic
Sure, I'm long Aussie at the same time tho, hedges well against any drawdown.

Edit: currently AUD/USD +57 GBP/USD -32
Hey stulic,

why not just take GBP/AUS?
  • #10,776
  • Feb 8, 2012 3:41am Feb 8, 2012 3:41am
Quoting FOURX
Hey stulic,

why not just take GBP/AUS?
That's a given mate

Missed another good entry earlier today by a few pips but still holding onto 4760 short from RBA rate decision yesterday.
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  • #10,777
  • Feb 8, 2012 3:42am Feb 8, 2012 3:42am
Quoting stulic
That's a given mate

Missed another good entry earlier today by a few pips but still holding onto 4760 short from RBA rate decision yesterday.
ok
  • #10,778
  • Feb 8, 2012 3:48am Feb 8, 2012 3:48am
Also missed a good long on the Aussie at 0755, was waiting for 50% retrace from initial rate decision move but support was found around 38.2 already.
Long today after multiple rejections around 23.6%

Just fibs and sentiment, nothing more nothing less, equities up, Aussie up!
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  • #10,779
  • Feb 8, 2012 3:51am Feb 8, 2012 3:51am
Quoting stulic
Also missed a good long on the Aussie at 0755, was waiting for 50% retrace from initial rate decision move but support was found around 38.2 already.
Long today after multiple rejections around 23.6%

Just fibs and sentiment, nothing more nothing less, equities up, Aussie up!
  • #10,780
  • Feb 8, 2012 4:20am Feb 8, 2012 4:20am
Nothing much is happening now except some very limited pullbacks. Today Greek leaders will meet again so we can expect more volatility in the afternoon.

If u made 20-40 pips today stop trading now, relax and wait for momentum push. I have exploited 2 swings to the upside and my strategy so far today has been buying the dips or limited pullbacks.

If the market is waiting for afternoon Greek politicians meeting, we may dip to 3240-20 before next move.
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