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  • #11,901
  • Feb 28, 2012 9:38am Feb 28, 2012 9:38am
1.337 - 1.346 seems to be the range indeed but the last momentum bar was nice: c. 40 pips in 5 mins.

I've brought my SL to 1.3425.




Quoting T@rantula
Havent look s3 per indicator. Final calcuated support is 3375 here. It has been London final support, until NY break it its final.
  • #11,902
  • Feb 28, 2012 9:40am Feb 28, 2012 9:40am

that's what I'm looking at as well
Didn't see you had already posted this
Quoting T@rantula
Ill repost the chart.

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

Attachment
  • #11,903
  • Feb 28, 2012 9:56am Feb 28, 2012 9:56am
closed, no continuation : +20pips

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
  • #11,904
  • Feb 28, 2012 9:59am Feb 28, 2012 9:59am
Quoting T@rantula

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

Scalps-were good for shorts.
Intraday-no clear direction yet.
Intraweek-Long trade.
Scalps shorts have been valid.. All small rallies have been good for shorts 30m prior to this post and now. I have just closed 8 pipper 3415-08.

Intraday- I cant pick up the direction now.
Intraweek. Those who do "carryovers" or trading higher TFs, this might be good for long entries 3420-00. Stops could be 3370-50 but still id be VERY careful as we might see a deeper retrace as i said.

Clearing 3385 would point to 3280, so b careful and use MM.

Remember: We are RISK MANAGERS
  • #11,905
  • Feb 28, 2012 10:02am Feb 28, 2012 10:02am
Quoting Vladimir1987
Hey T

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

Like it.

Have this in sight for now.
Attachment
Hey Vladimir,

Nice to see u back! are u back in trading? Welcome!!
  • #11,906
  • Feb 28, 2012 10:09am Feb 28, 2012 10:09am
Totally agree with this

Quoting T@rantula
Scalps shorts have been valid.. All small rallies have been good for shorts 30m prior to this post and now. I have just closed 8 pipper 3415-08.

Intraday- I cant pick up the direction now.
Intraweek. Those who do "carryovers" or trading higher TFs, this might be good for long entries 3420-00. Stops could be 3370-50 but still id be VERY careful as we might see a deeper retrace as i said.

Clearing 3385 would point to 3280, so b careful and use MM.

Remember: We are RISK MANAGERS
  • #11,907
  • Feb 28, 2012 10:10am Feb 28, 2012 10:10am
opened Long on break of UTL of last down move on M5 (1.3422). SL @ BE now
May be the last attempt to break 1.346?
  • #11,908
  • Feb 28, 2012 10:17am Feb 28, 2012 10:17am
Short at 3450 zone:

The bounce off the blue line is a tricky bounce that will still be bound by the strong T2 line. Its a retest of the T3 trendline which so far has been a stronghold for any upward motion. The T1 trendline is where we are heading,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 66 KB
  • #11,909
  • Feb 28, 2012 10:28am Feb 28, 2012 10:28am
Quoting BrunargarFx
opened Long on break of UTL of last down move on M5 (1.3422). SL @ BE now
May be the last attempt to break 1.346?

great TL-trading, short and long, even on M5 they are powerfull.
  • #11,910
  • Feb 28, 2012 10:29am Feb 28, 2012 10:29am
closely watching reaction of USDX at 78.25, if retest and break we go past 1.35 with Euro
  • #11,911
  • Feb 28, 2012 10:31am Feb 28, 2012 10:31am
Thanks
I put all my trades on M5 even if I look at other TFs, mainly M15. M30, H1 and H4 depening on time of day.
I have got ridden of expectations. Still you need targets and a plan but I take it as it comes.
next level 1.3482, closely looking at USDX atm


Quoting huskyboy
great TL-trading, short and long, even on M5 they are powerfull.
  • #11,912
  • Feb 28, 2012 10:34am Feb 28, 2012 10:34am
Quoting T@rantula
Intraweek. Those who do "carryovers" or trading higher TFs, this might be good for long entries 3420-00. Stops could be 3370-50 but still id be VERY careful as we might see a deeper retrace as i said.
Quoting T@rantula
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.

Attachment
Those who took LONGS as suggested close to 3420-00, scale out 3460-65. IMPORTANT ZONE! Put ur stops to BE or keep it.

3500 could be reached. Above 3500 3610 is the final TP for intraweek.

As i said, no intraweek/day bears ABOVE 3385.
  • #11,913
  • Feb 28, 2012 10:38am Feb 28, 2012 10:38am
Noted
SL amended to 1.345
1.3462 area should act as good support if momentum is to be kept, we'll see.



Quoting T@rantula
Those who took LONGS as suggested close to 3420-00, scale out 3460-65. IMPORTANT ZONE! Put ur stops to BE or keep it.

3500 could be reached. Above 3500 3610 is the final TP for intraweek.

As i said, no intraweek/day bears ABOVE 3385.
  • #11,914
  • Feb 28, 2012 10:38am Feb 28, 2012 10:38am
Eyes on GU

GU testing 200 daily ma if it fails possible double top and a round number there too.... make or break

kinda short there with close above 00 level
  • #11,915
  • Feb 28, 2012 10:46am Feb 28, 2012 10:46am
covered 1/2 @ 1.3462 -> +40 pips


Quoting BrunargarFx
Noted
SL amended to 1.345
1.3462 area should act as good support if momentum is to be kept, we'll see.
  • #11,916
  • Feb 28, 2012 10:49am Feb 28, 2012 10:49am
I took a look at USDX, I see which level you are talking about, but I see the drop from 78.60 to 78.34 as a long setup (M5). basically this behaviour happens at turning around zones from short to long, where there is a strong drop but it doesnt clear any lower lows.

So again my stance is a short stance on the EUR/USD and long on the USDX

Quoting BrunargarFx
Thanks
I put all my trades on M5 even if I look at other TFs, mainly M15. M30, H1 and H4 depening on time of day.
I have got ridden of expectations. Still you need targets and a plan but I take it as it comes.
next level 1.3482, closely looking at USDX atm
  • #11,917
  • Feb 28, 2012 10:49am Feb 28, 2012 10:49am
Hi
Just back home seems PA till now fail to go 35
this point seems like The Curse of the Pharaohs
  • #11,918
  • Feb 28, 2012 10:57am Feb 28, 2012 10:57am
We've been ranging for 2 days so both trades are valid: buy low sell high
Not saying we'll reach 1.35 today and by all means your level is a good level to go short (that's why I put my SL there).

I prefer the R:R going south to be honest but it looks like we are not finished yet with the long atm


Quoting Kambooj
I took a look at USDX, I see which level you are talking about, but I see the drop from 78.60 to 78.34 as a long setup (M5). basically this behaviour happens at turning around zones from short to long, where there is a strong drop but it doesnt clear any lower lows.

So again my stance is a short stance on the EUR/USD and long on the USDX
  • #11,919
  • Feb 28, 2012 11:05am Feb 28, 2012 11:05am
s/o: +28pips

That's it for me. 88pips for today

This could just be a retrace for further continuation up. I could have put SL : 1.344 but I have to leave the desk for a few hours.

Trade safely
  • #11,920
  • Feb 28, 2012 11:11am Feb 28, 2012 11:11am
With USDX motion is at the base of a circle. Its not a easy job to break through the poles of any type of circle.

but lets see

Quoting BrunargarFx
We've been ranging for 2 days so both trades are valid: buy low sell high
Not saying we'll reach 1.35 today and by all means your level is a good level to go short (that's why I put my SL there).

I prefer the R:R going south to be honest but it looks like we are not finished yet with the long atm
Attached Image (click to enlarge)
Click to Enlarge Name: USDX_H8.jpg Size: 50 KB
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