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  • #13,041
  • Mar 19, 2012 10:12am Mar 19, 2012 10:12am
Quoting T@rantula
Trying a short here.

E:3200
SL:3215
TO:open

Monitoring the trade, will try to scalp and if available change it to intraday
1.3228 is a better short... i'm expecting it to hit there
  • #13,042
  • Mar 19, 2012 10:31am Mar 19, 2012 10:31am
Quoting jaylovin
1.3228 is a better short... i'm expecting it to hit there
1.3228 been violated... going to martingale my short and close at break even... more up to go yet...
  • #13,043
  • Mar 19, 2012 10:49am Mar 19, 2012 10:49am
Quoting jaylovin
1.3228 is a better short... i'm expecting it to hit there
Quoting T@rantula
Trying a short here.

E:3200
SL:3215
TO:open

Monitoring the trade, will try to scalp and if available change it to intraday
Just came back. This trade supposed to be intraday. If it went good it would be 3110.

Its only -15 pips. Waiting for the next setup. I havent expected this much tbh.

Keep an eye on 3275
  • #13,044
  • Mar 19, 2012 11:03am Mar 19, 2012 11:03am
Quoting egkid
I will b watching How PA Acting "4h - Daily "
On the Zone 1.3280 - 1.3080
Then will decided what i will Do.
Now I'm Flat -No open position.
Cya Later guys

PS:
Most tricky market i ever seen in last 5 years.
Patience & No Rush =Your Capital most important thing.
Just back home from work.
PA touch 1.3265
Interesting , when right time come i will IN
  • #13,045
  • Mar 19, 2012 11:12am Mar 19, 2012 11:12am
Next area for short would be 1.328 - 1.332.
For as long as we remain below 1.332, we have a good chance that this is the shoulder of a H&S on daily forming atm (Neckline @ 1.30 atm).



Quoting T@rantula
Just came back. This trade supposed to be intraday. If it went good it would be 3110.

Its only -15 pips. Waiting for the next setup. I havent expected this much tbh.

Keep an eye on 3275
  • #13,046
  • Mar 19, 2012 11:16am Mar 19, 2012 11:16am
Quoting T@rantula
Just came back. This trade supposed to be intraday. If it went good it would be 3110.

Its only -15 pips. Waiting for the next setup. I havent expected this much tbh.

Keep an eye on 3275
Quoting BrunargarFx
Next area for short would be 1.328 - 1.332.
For as long as we remain below 1.332, we have a good chance that this is the shoulder of a H&S on daily forming atm (Neckline @ 1.30 atm).
Quoting egkid
Just back home from work.
PA touch 1.3265
Interesting , when right time come i will IN
Was trying to make another intraday short....Missed the short for a mere 7-10 pips...

Eu @ 3240 now. 3230 is support.
  • #13,047
  • Mar 19, 2012 11:22am Mar 19, 2012 11:22am
Quoting T@rantula
Was trying to make another intraday short....Missed the short for a mere 7-10 pips...

Eu @ 3240 now. 3230 is support.
Hi T
Hope all is good.
It will test up again as i said in weekend 3280 - 3080
Behavior of PA in this zone is important for next move.
For me Still Flat and watching PA behavior don't want involve in losing trade i try do my best.
  • #13,048
  • Mar 19, 2012 11:31am Mar 19, 2012 11:31am
Quoting egkid
Hi T
Hope all is good.
It will test up again as i said in weekend 3280 - 3080
Behavior of PA in this zone is important for next move.
For me Still Flat and watching PA behavior don't want involve in losing trade i try do my best.
Hey bro, yep -15 but nothing much. Watching 3240 35 reaction. Rejections off 3235 will be good for long scalps.

You know me...35 pips maximum 1/1 stop loss risk. When scalping its usually 10-12 pips risk.

But intradays with 10-15 stop loss are rare but killer ones. Im 80 % sure we would have hit 3110 if 3215 stood firm.

This was short covering, thus the strong momentum up.
  • #13,049
  • Mar 19, 2012 11:54am Mar 19, 2012 11:54am
Fast scalping off the 1m chart

cable done trade with 8 pips.

Would like to see EU retest 35 then i will enter long with 10 pip stop on successful retest.

Attached Image
  • #13,050
  • Mar 19, 2012 12:46pm Mar 19, 2012 12:46pm
Not a good outcome for me today.

Slapped me in the face with that fast rise, thought it would fall from 3170 but instead sliced it...

Will finish for today.

By
  • #13,051
  • Mar 19, 2012 2:53pm Mar 19, 2012 2:53pm
hence no movement at the moment , and I have some free time from work ,here is some simple Candlestick analysis of EURUSD for newbies who follow this great thread .


please other gurus in candlestick analysis correct me if I am wrong in anything .



first Daily chart:


3 white soldier formation. bullish reversal of a down move . A strong reversal pattern indicates high potential of up move continuation.


15 March key-reversal candle ( honestly to be perfect key-reversal should close above 1.3083 ) but any how to me that was biggest warning to all the shorts that day ).

Engulfing Bullish line or key-reversal ( Candle appears at the end of a trend or move in our case the down move and makes new low then makes a high which is higher than the previous candle and closes above the open of the previous candle )

its a strong reversal indicator .


on weekly time frame :

strong bullish abandoned baby reversal pattern from the Lows .

we have a dark cloud a moderate Bearish reversal pattern .

notice the spikes in the weekly candles not able to close below 3100 till now and not able to penetrate the first buyers area entered the market after confirmation from the reversal .


I don't see anything more regarding candles , others are welcomed to add to this small contribution.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 63 KB
Click to Enlarge Name: weekly.jpg Size: 61 KB
I SEE YOU !!
  • #13,052
  • Mar 19, 2012 3:26pm Mar 19, 2012 3:26pm
Quoting dbfusion
hence no movement at the moment , and I have some free time from work ,here is some simple Candlestick analysis of EURUSD for newbies who follow this great thread .


please other gurus in candlestick analysis correct me if I am wrong in anything .



first Daily chart:


3 white soldier formation. bullish reversal of a down move . A strong reversal pattern indicates high potential of up move continuation.


15 March key-reversal candle ( honestly to be perfect key-reversal should close above 1.3083 ) but any how to me that was biggest...

Great! I will also make candlestick analysis in next few hours. Haven't done it long time. And as always, candlestick analysis is stronger the higher TF is. h4 and daily do good. Weekly can be fake, so stick with h4 preferably.
  • #13,053
  • Mar 19, 2012 4:16pm Mar 19, 2012 4:16pm
Quoting T@rantula
Great! I will also make candlestick analysis in next few hours. Haven't done it long time. And as always, candlestick analysis is stronger the higher TF is. h4 and daily do good. Weekly can be fake, so stick with h4 preferably.
yea , for long time didn't see any post regarding candles , even though I use them in my analysis some times.

so decided to remind the rest about them
I SEE YOU !!
  • #13,054
  • Mar 19, 2012 5:01pm Mar 19, 2012 5:01pm
Here it goes h4 timeframe.

1. We have Failed pattern 3 outside down, which if played out would have returned the price to 3110.
2.Bully candle indicates a strong momentum push to the upside.
3.We are having High Price Harami candle coupled with OB sto which will signal the retracement.
4.3220 3205 3195 are ideally buying zones
5. Targets are 3275 and 3325 respectively

Buy the dips preferred or intraday retracement sell trades close to important levels.

Attached Image (click to enlarge)
Click to Enlarge Name: candle.jpg Size: 83 KB
  • #13,055
  • Edited 5:24pm Mar 19, 2012 5:04pm | Edited 5:24pm
That was a great post DB. Thanks a lot for sharing.
I'm puzzled by the momentum with Euro atm. Either I'm missing completely the picture (there is something I don't know, like Bernanke going to mention QE because of rise of oil?) or could this be attributed to short covering and a snowball effect, but today someone was buying big time...

I'm still bearish at heart: just dont understand why despite all the bad news, this is still going up.

Here is my view on daily. 1.3280 - 1.332 zone is going to be very important. If we break it, then forget about H&S, we're going to test 1.35.

Today i opened a L position @ 1.316, which I closed for -16 and then reopened @ 1.3172. So well into the green but wont be able to trade tomorrow. Currently the PA tend to indicate it wants to move higher. I guess we'll see about that tomorrow.
GN all!




Quoting dbfusion
yea , for long time didn't see any post regarding candles , even though I use them in my analysis some times.

so decided to remind the rest about them
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 180312.png Size: 17 KB
  • #13,056
  • Mar 19, 2012 5:08pm Mar 19, 2012 5:08pm
Quoting T@rantula
Here it goes h4 timeframe.

1. We have Failed pattern 3 outside down, which if played out would have returned the price to 3110.
2.Bully candle indicates a strong momentum push to the upside.
3.We are having High Price Harami candle coupled with OB sto which will signal the retracement.
4.3220 3205 3195 are ideally buying zones
5. Targets are 3275 and 3325 respectively

Buy the dips preferred or intraday retracement sell trades close to important levels.

Attachment
Nice analysis bro
Just Thinking But not decided Yet
"Sell@3280 OR 1.33 AND SL 3340 TP 1.3080
  • #13,057
  • Mar 19, 2012 5:12pm Mar 19, 2012 5:12pm
Quoting T@rantula
Good morning guys,


Sorry for a big delay today.

Me and especially Black Widow - Rav had some serious problems with our brokers... Its the infamous Worldspreads and im speaking in Rav's behalf.

He made a blog about worldspreads heist and you can all inform there what has happened. Fortunately enough our money has been saved but that cannot be guaranteed to other clients as the company went bankrupt.

Read this pls: Its Rav's Blog about Worldspreads.

http://worldspreadsheist.blogspot.co.uk/
Hey Spiderman,
Sorry to hear this affects yourselfes or at least your clients. It often hard to understand how someone takes a decision to trust their funds to a certain broker that is not considered well established, of reasonable size or as often the case registered in countries that value business interests higher than consumer protection like cyprus, seychelles, belize and others.

I've read that like MF Global deposits made by customers were supposedly not held seperately.

Also this should make everyone alert to not put all eggs in the same basket. The FSCS will only compensate up to £50.000 but probably noone was stupid enough to exceed that.

best to you!
  • #13,058
  • Mar 19, 2012 5:27pm Mar 19, 2012 5:27pm
Hi Egkid.
i'll be more enclined to your views. Looking for a place to sell tomorrow. 1.33 would be nice
Quoting egkid
Nice analysis bro
Just Thinking But not decided Yet
"Sell@3280 OR 1.33 AND SL 3340 TP 1.3080
  • #13,059
  • Mar 19, 2012 5:28pm Mar 19, 2012 5:28pm
Quoting egkid
Nice analysis bro
Just Thinking But not decided Yet
"Sell@3280 OR 1.33 AND SL 3340 TP 1.3080
Will check my daily early tomorrow and depends on close will see what can i do.

Cya
  • #13,060
  • Mar 19, 2012 5:32pm Mar 19, 2012 5:32pm
Quoting BrunargarFx
Hi Egkid.
i'll be more enclined to your views. Looking for a place to sell tomorrow. 1.33 would be nice
Hi bro
Hope all ok.
Catch you tomorrow early then
Nity night
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