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  • #11,881
  • Feb 28, 2012 3:20am Feb 28, 2012 3:20am
Quoting egkid
See what i mean and how important this 2 points
As i said up to 3460 and 1min tf down move 25 pip
Looking forward to see 35 next few H
Very accurate as usual! I also have 3500 as Londons top and it is there where continuation is needed for 3610.
  • #11,882
  • Feb 28, 2012 3:35am Feb 28, 2012 3:35am
Quoting T@rantula
Very accurate as usual! I also have 3500 as Londons top and it is there where continuation is needed for 3610.
We do our best and at the end market do whatever it like
MM is the Key
  • #11,883
  • Feb 28, 2012 3:42am Feb 28, 2012 3:42am
Quoting prashant7
yes it is ( 460 is an important level )

All this got right .

will the 3380 hold for today ?

Answer = will fill it up after today ( bcause - no prediction only reaction ) right TTTTTTTTTTT
finding A M S
  • #11,884
  • Feb 28, 2012 3:44am Feb 28, 2012 3:44am
Quoting egkid
We do our best and at the end market do whatever it like
MM is the Key
I dont see it much below 3410 for higher TF trading opportunities. Its somewhere between 3420-3405, if 3435 gets broken.

As we had a deeper retrace yesterday 3420-3405 should be the levels for intraweek play. Longs could be placed anywhere close to those levels with 50 points stop.

Ofcourse with 50 points stop usual leverage should not exceed 1:3.
  • #11,885
  • Feb 28, 2012 3:48am Feb 28, 2012 3:48am
Quoting prashant7
All this got right .

will the 3380 hold for today ?

Answer = will fill it up after today ( bcause - no prediction only reaction ) right TTTTTTTTTTT
I think 3380 might hold for today. And as always, reaction.
  • #11,886
  • Feb 28, 2012 5:09am Feb 28, 2012 5:09am
Quoting T@rantula
I think 3380 might hold for today. And as always, reaction.


the chart speaks for itself ................


before and after look for yourself
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finding A M S
  • #11,887
  • Feb 28, 2012 5:12am Feb 28, 2012 5:12am
Quoting prashant7
the chart speaks for itself ................


before and after look for yourself
forget to add that there is only spikes N spikes and lol spikes out there in EU pair .

on 30 min we are at same point from last two hours or so . just another two candles added
finding A M S
  • #11,888
  • Feb 28, 2012 5:21am Feb 28, 2012 5:21am
Quoting prashant7

on 30 min we are at same point from last two hours or so . just another two candles added
Thats why range bars are more powerful. It stays the same until the range has been broken. There are 3 consecutive HL after a LL has been formed, indicating a temporary stall.
  • #11,889
  • Feb 28, 2012 6:35am Feb 28, 2012 6:35am
Quoting T@rantula
I dont see it much below 3410 for higher TF trading opportunities. Its somewhere between 3420-3405, if 3435 gets broken.

As we had a deeper retrace yesterday 3420-3405 should be the levels for intraweek play. Longs could be placed anywhere close to those levels with 50 points stop.

Ofcourse with 50 points stop usual leverage should not exceed 1:3.
And here we go 3435 and 3422 (20) according to PA and my level tables are interim supports now.

Price at 3455 now. Only a break of 3420 will risk 3380- retest.
  • #11,890
  • Feb 28, 2012 6:57am Feb 28, 2012 6:57am
long @ 3449, sl 1.3436, break retest
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  • #11,891
  • Feb 28, 2012 8:45am Feb 28, 2012 8:45am
Wallstreet opened 15 mins ago.

Price may test 3410-00. We have M 1 2 3 reversal pattern in play.
  • #11,892
  • Feb 28, 2012 8:49am Feb 28, 2012 8:49am
Quoting T@rantula
Wallstreet opened 15 mins ago.

Price may test 3410-00. We have M 1 2 3 reversal pattern in play.
M pattern watch 3420-00 levels. For intraweek longs as previously said, those are BUYING zones.

No inner trendline here, just classic trendline which defines intraday trend aka intraday trendline.

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  • #11,893
  • Feb 28, 2012 8:50am Feb 28, 2012 8:50am
Hey T

Nice forum u made here not so crowded and without useles posts.

Like it.

Have this in sight for now.
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  • #11,894
  • Feb 28, 2012 8:58am Feb 28, 2012 8:58am
I see a nice DT forming on M15 and higher TF (between today and yesterday. 3368 being the neckline to break.

But 1.342 has lots of support

Quoting T@rantula
Wallstreet opened 15 mins ago.

Price may test 3410-00. We have M 1 2 3 reversal pattern in play.
  • #11,895
  • Feb 28, 2012 9:01am Feb 28, 2012 9:01am
Every trader needs to know 4 basic things which are a part of the market cycle. Trend , retracement or pullback, reversal,consolidation.

I have just wrote to a trader what i see now.

Scalps-were good for shorts.
Intraday-no clear direction yet.
Intraweek-Long trade.

So when we talk about trading particular TF ( candlesticks, bars..) or price ( range bars) we need to know what we are trading.

So, the point is, we dont trade TPs we trade Stops as we - pro traders are RISK MANAGERS not profit making machines.

The lesser ur stop is-the more poundage u can put in your particluar trade. Remember that.
  • #11,896
  • Feb 28, 2012 9:05am Feb 28, 2012 9:05am
we've just retouched the LTL on M5 (to the pip), odds are we're going down, short @ 3435, SL 1.345, targets 1.34 and 1.338

Quoting BrunargarFx
I see a nice DT forming on M15 and higher TF (between today and yesterday. 3368 being the neckline to break.

But 1.342 has lots of support
  • #11,897
  • Feb 28, 2012 9:07am Feb 28, 2012 9:07am
Sorry I forgot to mention DT on M5
1.3437 was the rectouch of neckline, good (enough) confirmation for shorting
Quoting BrunargarFx
we've just retouched the LTL on M5 (to the pip), odds are we're going down, short @ 3435, SL 1.345, targets 1.34 and 1.338
  • #11,898
  • Feb 28, 2012 9:12am Feb 28, 2012 9:12am
Now if we were to break the neckline of teh bigger DT (1.3368 - 1.3372), we could see 1.328 (drop calculated to be equal amount of pips from neckline level to recent top level). I have a few support lines in between.
What's S3 for today lads?
  • #11,899
  • Feb 28, 2012 9:27am Feb 28, 2012 9:27am
Quoting BrunargarFx
Now if we were to break the neckline of teh bigger DT (1.3368 - 1.3372), we could see 1.328 (drop calculated to be equal amount of pips from neckline level to recent top level). I have a few support lines in between.
What's S3 for today lads?
Havent look s3 per indicator. Final calcuated support is 3375 here. It has been London final support, until NY break it its final.
  • #11,900
  • Feb 28, 2012 9:30am Feb 28, 2012 9:30am
Quoting BrunargarFx
Now if we were to break the neckline of teh bigger DT (1.3368 - 1.3372), we could see 1.328 (drop calculated to be equal amount of pips from neckline level to recent top level). I have a few support lines in between.
Ill repost the chart.

Below 3385, if it breaks 3285 is the target. 3350 will be stop for intraweek longs.

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