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  • #12,441
  • Mar 8, 2012 2:00am Mar 8, 2012 2:00am
Bullish levels : 3183 3195 3203 3211 3216 3230
Bearish only < 3157

Median point : 3173
  • #12,442
  • Mar 8, 2012 2:09am Mar 8, 2012 2:09am
took its time to break
  • #12,443
  • Mar 8, 2012 2:11am Mar 8, 2012 2:11am
Hi T.
Did you have a look at BW chart?

I have similar wedge but ending at 3250

possibly 1.328x overshoot

I'd like to see 1.324 but 1.323 would be great


Quoting T@rantula
Bullish levels : 3183 3195 3203 3211 3216 3230
Bearish only < 3157

Median point : 3173
  • #12,444
  • Mar 8, 2012 2:12am Mar 8, 2012 2:12am
I am long....3178
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  • #12,445
  • Mar 8, 2012 2:29am Mar 8, 2012 2:29am
Quoting BrunargarFx
Hi T.
Did you have a look at BW chart?

I have similar wedge but ending at 3250

possibly 1.328x overshoot

I'd like to see 1.324 but 1.323 would be great
I agree but I dont think we may see 3230+ today. I have 3216 as London top and if it is overshot 3230 is next.

ALso bear in mind NFP tomorrow, then we could see some spikes up or down..Anyway if 3230 gives way 3280 is in the making with 3250 as mid resistance.

Bears are below 3157.
  • #12,446
  • Mar 8, 2012 2:32am Mar 8, 2012 2:32am
Yes, very mixed feelings at LO open
We need a break of 1.3184 for further up
Bad place to go Long or short right now

I can't be behind my trading desk today so I may bank my long this morning and wait 'til tomorrow

PS: how do you call a top for LO?





Quoting T@rantula
I agree but I dont think we may see 3230+ today. I have 3216 as London top and if it is overshot 3230 is next.

ALso bear in mind NFP tomorrow, then we could see some spikes up or down..Anyway if 3230 gives way 3280 is in the making with 3250 as mid resistance.

Bears are below 3157.
  • #12,447
  • Mar 8, 2012 2:37am Mar 8, 2012 2:37am
Quoting T@rantula
Bullish levels : 3183 3195 3203 3211 3216 3230
Bearish only < 3157

Median point : 3173
here we go cable update = we remember 1.5777 right
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finding A M S
  • #12,448
  • Mar 8, 2012 2:42am Mar 8, 2012 2:42am
Quoting BrunargarFx
Yes, very mixed feelings at LO open
We need a break of 1.3184 for further up
Bad place to go Long or short right now

I can't be behind my trading desk today so I may bank my long this morning and wait 'til tomorrow

PS: how do you call a top for LO?
I calculate Asian range + fibs + ATR(7)...

Also, I agree 3183 needs to break either on momentum or bpc..No 3200 if 3183 is resisting.
  • #12,449
  • Mar 8, 2012 2:59am Mar 8, 2012 2:59am
Hi,

I have this on the table here...

Currently entered a long on support on m5- will go for a small scalp if it holds.
Down are more serious supports from yesterday. 1.3133 was yesterday confluence line, which i waited on Asia open to be hit but then went to bed was to late..
For me 1.3211 or 1.3241 should be the top of the day- probably for London...
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  • #12,450
  • Mar 8, 2012 3:03am Mar 8, 2012 3:03am
3165 is support now. and hourly pivot is 3174.
  • #12,451
  • Mar 8, 2012 3:06am Mar 8, 2012 3:06am
Quoting T@rantula
3165 is support now. and hourly pivot is 3174.
Nice to hear that from u

Still waiting under 3167 and ill close my long.

Looks just like a bounce with no continuation.
  • #12,452
  • Mar 8, 2012 3:09am Mar 8, 2012 3:09am
Quoting T@rantula
I agree but I dont think we may see 3230+ today. I have 3216 as London top and if it is overshot 3230 is next.

ALso bear in mind NFP tomorrow, then we could see some spikes up or down..Anyway if 3230 gives way 3280 is in the making with 3250 as mid resistance.

Bears are below 3157.
My Max is 210 ish... as Well T..
I cant see ...1.3250 as this would then give the 210 full support as required..

Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #12,453
  • Mar 8, 2012 3:13am Mar 8, 2012 3:13am
Closed 3/5

Stop at BE, going for 3211
  • #12,454
  • Mar 8, 2012 3:14am Mar 8, 2012 3:14am
This is called momentum breakout.

Expected. Read above..3165 held 3157 wasnt even close. 3174 PP broke
  • #12,455
  • Mar 8, 2012 3:25am Mar 8, 2012 3:25am
I reworked my chart on lower TF and I find confluence at 1.321 too
I cant trade from 11am so i will leave that as target for today
1.3195 is minor res.



Quoting BlackWid0w
My Max is 210 ish... as Well T..
I cant see ...1.3250 as this would then give the 210 full support as required..

Regards
BW
  • #12,456
  • Mar 8, 2012 3:35am Mar 8, 2012 3:35am
Quoting Vladimir1987
Closed 3/5

Stop at BE, going for 3211
  • #12,457
  • Mar 8, 2012 3:36am Mar 8, 2012 3:36am
Pre calculated LO top reached. Break of it targets 3230. This is 3166 continuation
  • #12,458
  • Mar 8, 2012 3:38am Mar 8, 2012 3:38am
Quoting danc
I am long....3178
Out for 38.. That will do me..
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  • #12,459
  • Mar 8, 2012 3:38am Mar 8, 2012 3:38am
Couldn't close 1/2 due to slippage.
Amended SL @ 1.3205
  • #12,460
  • Mar 8, 2012 3:39am Mar 8, 2012 3:39am
I closed the rest of it at R3.

If a range forms there must be some opportunity for a good sell then.

What do u guys think... This is quite some force going on.

Guess 3241 will be the point of break or fake.??
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