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  • #12,861
  • Mar 15, 2012 6:07am Mar 15, 2012 6:07am
Quoting T@rantula
I see this as a retracment and thats why we have buy the dips. Possible target is indeed 3120 if 3068 breaks.
very interesting... i have a pending buy at 1.3022 which my level states... this is with a 12pip SL... below 1.3014, then 1.2981 is next..

my TP is also 1.3124 - previous resistance area... good RR...

off to work in 30 mins - night shifts this week.. so either win or loss if trade triggers.. bbl
  • #12,862
  • Mar 15, 2012 6:19am Mar 15, 2012 6:19am
WE're still within a bearflag.
I'm looking at 1.3088 as good position to short or, if break, 1.315

On the other hand, I have this downtranding wedge on daily, which may indicate the end of the bearish trend.

I am crap at identifying reversal point, so this is whay I'm asking views

Flat atm

Quoting T@rantula
Hey B, didnt understand quite well where would u plan ur entry...WOuld it be close to 88 for a long or any other setup?
  • #12,863
  • Mar 15, 2012 6:23am Mar 15, 2012 6:23am
Maybe will move like this picture.Small amount by long.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-03-15.jpg Size: 109 KB
Playing chess with wise man,you can increase wisdom quickly.
  • #12,864
  • Mar 15, 2012 6:30am Mar 15, 2012 6:30am
Quoting xiufan33
Maybe will move like this picture.Small amount by long.
Sorry,post the wrong frum
Playing chess with wise man,you can increase wisdom quickly.
  • #12,865
  • Mar 15, 2012 6:57am Mar 15, 2012 6:57am
Quoting danc
Cable.. 4 hr am long this..note mther candle.. with 10/12 inside..note sits on 50% and 1.618 and 200 ext fibo and cluster of Pivotsweek and month..0n 5 min chart going up down like bldy yo yo
close,,,, 4 ....44
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  • #12,866
  • Mar 15, 2012 6:57am Mar 15, 2012 6:57am
short @ 1.307, based on third rejection of DR1

SL: 1.3075
TP: 1.30
  • #12,867
  • Mar 15, 2012 7:12am Mar 15, 2012 7:12am
closed: +15
it should have dropped...
Waiting for 12:30 now

Quoting BrunargarFx
short @ 1.307, based on third rejection of DR1

SL: 1.3075
TP: 1.30
  • #12,868
  • Mar 15, 2012 7:22am Mar 15, 2012 7:22am
now it moves
Quoting BrunargarFx
closed: +15
it should have dropped...
Waiting for 12:30 now
  • #12,869
  • Mar 15, 2012 7:36am Mar 15, 2012 7:36am
Quoting BrunargarFx
now it moves
This will shake the market in less than 30 min
TIC Long-Term Purchases
  • #12,870
  • Mar 15, 2012 7:48am Mar 15, 2012 7:48am
Quoting egkid
This will shake the market in less than 30 min
TIC Long-Term Purchases
Perfectly said EGKID...we have this tic data which for me show the next 2 days of trading....

Wanna see a spike down...

Regards
Bw
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #12,871
  • Mar 15, 2012 8:05am Mar 15, 2012 8:05am
I'm waiting for NY open
I hope Euro goes up to 1.3115 so I can have a nice juicy short


Quoting BlackWid0w
Perfectly said EGKID...we have this tic data which for me show the next 2 days of trading....

Wanna see a spike down...

Regards
Bw
  • #12,872
  • Mar 15, 2012 8:19am Mar 15, 2012 8:19am
Quoting BlackWid0w
Perfectly said EGKID...we have this tic data which for me show the next 2 days of trading....

Wanna see a spike down...

Regards
Bw
Hi BW:

It's pleasure reading your post. i am trying to learn trading during red impact news period. hope you can advise.

now we have very good TIC data, which is pro USD, but EU no falling at all. dose it mean there are some unknow factors pushing the EU up? as i believe, PA always reflect all market factors, including unknow.

cheers
PH
seeing through
  • #12,873
  • Mar 15, 2012 8:45am Mar 15, 2012 8:45am
Quoting pipphunter
Hi BW:

It's pleasure reading your post. i am trying to learn trading during red impact news period. hope you can advise.

now we have very good TIC data, which is pro USD, but EU no falling at all. dose it mean there are some unknow factors pushing the EU up? as i believe, PA always reflect all market factors, including unknow.

cheers
PH
I like this post
All universe depends on 2 power one pulling one pushing - "Up trend , Down trend"
and when going on circle at some certain point powers became equal
Till one of them lead the way for new cycle that take Time.
Of course BW can answer that but i thought to share what i think in very simple way

Let the leader take his time to control
  • #12,874
  • Mar 15, 2012 8:56am Mar 15, 2012 8:56am
Quoting egkid
I like this post
All universe depends on 2 power one pulling one pushing - "Up trend , Down trend"
and when going on circle at some certain point powers became equal
Till one of them lead the way for new cycle that take Time.
Of course BW can answer that but i thought to share what i think in very simple way

Let the leader take his time to control
Very nicely put my friend....
As Always ...

The news we had on tic did not move the markets agreed..but when you have back to back events:

A) Tic Data.
B) Market opening.
C)Philly Fed.

The market works just like the pits do on the noise..
We sometimes forget 70-80% traders think the same...
I can bet that if we had no other events market would have made a big shift..At this point I see orders for longs and short have been placed and they kick in on the mommentum shift...

Personally I had several large orders lastnight waiting to be filled
2980 ish missed them all..
Right now we are strongly holding above 3000 which tells me only one thing we might see a stop hunt below and then a full reversal to 3135..

Wish you all the best
Kind Regards

Bw
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #12,875
  • Mar 15, 2012 8:56am Mar 15, 2012 8:56am
What an awful PA.

Glad i went out.

This should give a nice breakout trade when it goes.
Im standing aside.. Dont like the tight range.
  • #12,876
  • Mar 15, 2012 9:19am Mar 15, 2012 9:19am
yes bad PA, very tight and slow.

As things have been going so far, 3030 is interim support and dips above have been bought. Still 68 needs to be broken for upward continuation.
  • #12,877
  • Mar 15, 2012 9:21am Mar 15, 2012 9:21am
Hi BW,
Why not LONG first to 1.312 - 1.3135 followed by Short?
Wicks on H4 suggest more up and if spike down, how deep would you reckon it would go?

Just a question

Quoting BlackWid0w
Very nicely put my friend....
As Always ...

The news we had on tic did not move the markets agreed..but when you have back to back events:

A) Tic Data.
B) Market opening.
C)Philly Fed.

The market works just like the pits do on the noise..
We sometimes forget 70-80% traders think the same...
I can bet that if we had no other events market would have made a big shift..At this point I see orders for longs and short have been placed and they kick in on the mommentum shift...

Personally I had several large orders lastnight waiting to be filled
2980...
  • #12,878
  • Mar 15, 2012 9:23am Mar 15, 2012 9:23am
Quoting T@rantula
yes bad PA, very tight and slow.

As things have been going so far, 3030 is interim support and dips above have been bought. Still 68 needs to be broken for upward continuation.
Waiting on that but wont wait to much if we dont go in one hour ill leave it alone.

And if we go up the firs for me is 3089 which is very close. A pullback could happen and a BPC pattern could play out to 3122.

On the downside i have 2974 as ultimate support...


Anyone else some idea?
  • #12,879
  • Mar 15, 2012 9:24am Mar 15, 2012 9:24am
Quoting egkid
I like this post
All universe depends on 2 power one pulling one pushing - "Up trend , Down trend"
and when going on circle at some certain point powers became equal
Till one of them lead the way for new cycle that take Time.
Of course BW can answer that but i thought to share what i think in very simple way

Let the leader take his time to control

Thanks for your wisdom EK. we share very similar views in trading. I usually close all position before big impact news, but missing big movement sometims. I am trying to find out better way to due with it.
seeing through
  • #12,880
  • Mar 15, 2012 9:26am Mar 15, 2012 9:26am
Quoting BlackWid0w
Very nicely put my friend....
As Always ...

The news we had on tic did not move the markets agreed..but when you have back to back events:

A) Tic Data.
B) Market opening.
C)Philly Fed.

The market works just like the pits do on the noise..
We sometimes forget 70-80% traders think the same...
I can bet that if we had no other events market would have made a big shift..At this point I see orders for longs and short have been placed and they kick in on the mommentum shift...

Personally I had several large orders lastnight waiting to be filled
2980...
Thanks BW, something to keep me thinking and reflecting.
seeing through
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