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  • #11,801
  • Feb 24, 2012 7:51am Feb 24, 2012 7:51am
Quoting huskyboy
However I have 3405 as the London top.


i entered long there, tested twice
Previous resistance now turned support
  • #11,802
  • Feb 24, 2012 7:56am Feb 24, 2012 7:56am
Quoting BrunargarFx
well done.

I opened a short but no biggie as countertrade
I agree with you, trend not complete - a lot more to go.
I'll be buying the dips

thank you ,

wish you luck with that pos.
3350 should give support then 3320

I don't rule out boring 2 trading days or more in a sidway action here
60 pip range or so and probably quick dip then back up again but not below 3320 .

then we could see 3650 - 3700 area.

or it keeps climbing with no sideways

but I think sideway is most probably to happen

below 3320 is kinda bad for the trend . it will make 35 hard to break
I SEE YOU !!
  • #11,803
  • Feb 24, 2012 7:57am Feb 24, 2012 7:57am
US was buying last few days and end of week = profit taking
SO they need to tricky traders to short and Take PA UP to lock their ++

I could b wrong but if u gonna sell b careful
  • #11,804
  • Feb 24, 2012 8:48am Feb 24, 2012 8:48am
seems 3520s is the goal
I SEE YOU !!
  • #11,805
  • Feb 24, 2012 8:52am Feb 24, 2012 8:52am
Quoting egkid
US was buying last few days and end of week = profit taking
SO they need to tricky traders to short and Take PA UP to lock their ++

I could b wrong but if u gonna sell b careful
See what i mean
  • #11,806
  • Feb 24, 2012 8:54am Feb 24, 2012 8:54am
Quoting dbfusion
seems 3520s is the goal
Y this point?Can give me one or 2 reasons?
  • #11,807
  • Feb 24, 2012 8:55am Feb 24, 2012 8:55am
Too dangerous for me to enter any kind of trade. Cashed out all my buy positions at 3410, and was in a buy from 3250 zone.

Still can see this thing going up to your target of 3520, but wont trade it now

Quoting dbfusion
seems 3520s is the goal
  • #11,808
  • Feb 24, 2012 9:13am Feb 24, 2012 9:13am
S/O @ 1.333: -20 pips
  • #11,809
  • Feb 24, 2012 9:20am Feb 24, 2012 9:20am
Quoting egkid
Y this point?Can give me one or 2 reasons?
161 fib from the down retracement 3320 - 2975 @ 1.3530
38 fib from the entire down move from 1.49-1.26 @ 1.3500

plus

61 fib from the last leg down 1.4240 - 1.26 is 1.3620 area

so I would expect some resistance there .

I am not calling end of trend ! , I don't know yet
I SEE YOU !!
  • #11,810
  • Feb 24, 2012 9:26am Feb 24, 2012 9:26am
and also additional reason
approaching channel top
Attached Image (click to enlarge)
Click to Enlarge Name: channel.jpg Size: 76 KB
I SEE YOU !!
  • #11,811
  • Feb 24, 2012 9:32am Feb 24, 2012 9:32am
Quoting dbfusion
161 fib from the down retracement 3320 - 2975 @ 1.3530
38 fib from the entire down move from 1.49-1.26 @ 1.3500

plus

61 fib from the last leg down 1.4240 - 1.26 is 1.3620 area

so I would expect some resistance there .

I am not calling end of trend ! , I don't know yet
Excellent brother
If i can give u another V+ i will
My post @ 4 Feb
http://www.forexfactory.com/showthre...83#post5354383
  • #11,812
  • Feb 24, 2012 9:37am Feb 24, 2012 9:37am
Quoting egkid
Excellent brother
If i can give u another V+ i will
My post @ 4 Feb
http://www.forexfactory.com/showthre...83#post5354383
well done !

we are on the same page here brother .

I SEE YOU !!
  • #11,813
  • Feb 24, 2012 9:44am Feb 24, 2012 9:44am
Quoting dbfusion
well done !

we are on the same page here brother .

Yep
  • #11,814
  • Feb 24, 2012 10:08am Feb 24, 2012 10:08am
yip 361x - 3620 that's what I have as well.


Quoting dbfusion
161 fib from the down retracement 3320 - 2975 @ 1.3530
38 fib from the entire down move from 1.49-1.26 @ 1.3500

plus

61 fib from the last leg down 1.4240 - 1.26 is 1.3620 area

so I would expect some resistance there .

I am not calling end of trend ! , I don't know yet
  • #11,815
  • Edited 11:12am Feb 24, 2012 11:01am | Edited 11:12am
Quoting T@rantula
Step by step. 3380>3405>retrace>3420>retrace>

3420 needs to be broken. Friday b careful 3450 ATR daily top +/-10
Quoting T@rantula
Me 2 buy the dips preferred.

Agreed 3450 3460 even 3520 i cant rule out.
All calculated levels have been hit.

Well done DB , EG and others. I will look at the charts over the weekend to calculate next possible move.
  • #11,816
  • Feb 24, 2012 11:10am Feb 24, 2012 11:10am
nice little sym. triangle on M5...
  • #11,817
  • Feb 24, 2012 11:36am Feb 24, 2012 11:36am
Quoting huskyboy
However I have 3405 as the London top.


i entered long there, tested twice

closed + 46 pips. Thanks T for the levels, 3405 3420 they were magic today


Great weekend all
  • #11,818
  • Feb 24, 2012 11:37am Feb 24, 2012 11:37am
Agreed,
Circles saying the same thing too.


Quoting dbfusion
161 fib from the down retracement 3320 - 2975 @ 1.3530
38 fib from the entire down move from 1.49-1.26 @ 1.3500

plus

61 fib from the last leg down 1.4240 - 1.26 is 1.3620 area

so I would expect some resistance there .

I am not calling end of trend ! , I don't know yet
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 121 KB
  • #11,819
  • Feb 24, 2012 11:45am Feb 24, 2012 11:45am
If PA didn't hit 35 today expecting Gap to [email protected]
Catch u next week
Happy weekend to All
  • #11,820
  • Feb 24, 2012 11:49am Feb 24, 2012 11:49am
PA wise, good opportunity to short GBP/USD.
I have a pending order at 1.585 (break of neckline on M5

Lots of compression on both EU and GBP. could get a spike up or sell off
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