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  • #13,941
  • Apr 11, 2012 9:26pm Apr 11, 2012 9:26pm
above resistance 38% red line 2 PPXs.. rite chart action signal.. am gonna buy it
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  • #13,942
  • Apr 12, 2012 1:45am Apr 12, 2012 1:45am
Good morning guys.

Yesterday market failed to test WPP, Asia hasnt test it either. It was a ranging day yesterday and I usually say it is- "calm before the storm", we should have very volatile movement today or tomorrow.

3160 is very important level. If i dont see fast break of 3160 after WPP retest ( if any ) I will be looking to sell. Anyway, yesterday's range,weekly pattern and failure to close above/test WPP suggest bearish continuation.

Only if market reaches 1.3185 fast ill stay out of shorts.
  • #13,943
  • Apr 12, 2012 1:58am Apr 12, 2012 1:58am
Stuff it ..have taken small short possie 3139.. have a fair bit of pivot and fibo resistance just above.. including weekly and 1/4 mid points..wont bore u with details..
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  • #13,944
  • Apr 12, 2012 2:16am Apr 12, 2012 2:16am
Quoting danc
Stuff it ..have taken small short possie 3139.. have a fair bit of pivot and fibo resistance just above.. including weekly and 1/4 mid points..wont bore u with details..
Thats ok, just watch it , we may go for a retest of WPP then you could add another one if the first is not too heavy.

Id stay out of shorts only if 3185 is reached and would wait for 3205/10
  • #13,945
  • Apr 12, 2012 3:46am Apr 12, 2012 3:46am
Quoting T@rantula
Thats ok, just watch it , we may go for a retest of WPP then you could add another one if the first is not too heavy.

Id stay out of shorts only if 3185 is reached and would wait for 3205/10
I am out T.. took+ 32..i pocket.. will continue to watch
  • #13,946
  • Apr 12, 2012 3:54am Apr 12, 2012 3:54am
reason H&S m15 possible.
2012.04.12 11:53:42 order # sell 8.00 EURUSD at 1.31289 was modified -> sl: 1.3141 tp: 1.30666
looking for investors . pm me
  • #13,947
  • Apr 12, 2012 3:54am Apr 12, 2012 3:54am
Industrial Production m/m in 5 min.
  • #13,948
  • Apr 12, 2012 4:19am Apr 12, 2012 4:19am
Quoting danc
I am out T.. took+ 32..i pocket.. will continue to watch
Yes you went in right direction m8, been following the trend too mostly on pullbacks on m5. What id like to see is 3160-70 test then short it for longer intraday trade.
  • #13,949
  • Apr 12, 2012 4:20am Apr 12, 2012 4:20am
Quoting kbmoonshinex
reason H&S m15 possible.
2012.04.12 11:53:42 order # sell 8.00 EURUSD at 1.31289 was modified -> sl: 1.3141 tp: 1.30666
this trade is good,although watch out for a possible range and modify TP accordingly. What i do is close it completely when rebound levles has been hit or if i go heavier then i scale it out and put stop on BE. Thats the safest bet as ranging market can put u in profits then wipe out ur SL.
  • #13,950
  • Apr 12, 2012 4:23am Apr 12, 2012 4:23am
Quoting Chika Kure
Industrial Production m/m in 5 min.
Not much impact so far, but I hope volatility will rise. Today or tomorrow we should see some good movement.
  • #13,951
  • Apr 12, 2012 4:32am Apr 12, 2012 4:32am
If we get some volatility my target will be 3020.
  • #13,952
  • Apr 12, 2012 4:40am Apr 12, 2012 4:40am
Quoting T@rantula
this trade is good,although watch out for a possible range and modify TP accordingly. What i do is close it completely when rebound levles has been hit or if i go heavier then i scale it out and put stop on BE. Thats the safest bet as ranging market can put u in profits then wipe out ur SL.
i closed 3110. just back. now i see we can go higher. 3140 - 3148 in my eyes.
looking for investors . pm me
  • #13,953
  • Edited 5:44am Apr 12, 2012 4:43am | Edited 5:44am
For midterm/intraday set and forget traders. Look for a confluence near top of BB and equidistant channel. Entry is confirmed by Reversal candle pattern and STO 14 3 7 being overbought on H1 chart. Always look for the TOTH top of the hour candle. Targets is 3020 and subsequently 2950.

First chart is zoomed out chart where u can see sime sideway action in the channel. When we zoom in we can see How shooting stars were respected, but 100 SMA holding it strong. For downward movement first obstacle is SMA 100 then the bottom of equidistant channel which sits around 3075.


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  • #13,954
  • Apr 12, 2012 5:07am Apr 12, 2012 5:07am
2012.04.12 13:06:51 order # buy 1.00 EURUSD at 1.31164 was modified -> sl: 1.31005 tp: 1.31393
looking for investors . pm me
  • #13,955
  • Apr 12, 2012 5:08am Apr 12, 2012 5:08am
a little retrace possible.
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looking for investors . pm me
  • #13,956
  • Apr 12, 2012 5:48am Apr 12, 2012 5:48am
2012.04.12 13:43:49 order #sell 3.00 EURUSD at 1.31506 was modified -> sl: 1.31670 tp: 1.31157
looking for investors . pm me
  • #13,957
  • Apr 12, 2012 6:14am Apr 12, 2012 6:14am
stop loss be 0
looking for investors . pm me
  • #13,958
  • Apr 12, 2012 6:33am Apr 12, 2012 6:33am
Hold tight now, the movement has started, Cant see reversal candle yet except shooting star 3h ago but its not valid now, will wait for H1 close. If it shoots above 3175/80 its better to wait 3205/10
  • #13,959
  • Apr 12, 2012 7:41am Apr 12, 2012 7:41am
EU i am short 3155.. stop3185..I think i can see reverse candles on 2 seperate usdx platforms.. i could be wrong but dont think so
  • #13,960
  • Apr 12, 2012 7:45am Apr 12, 2012 7:45am
Quoting T@rantula
Hold tight now, the movement has started, Cant see reversal candle yet except shooting star 3h ago but its not valid now, will wait for H1 close. If it shoots above 3175/80 its better to wait 3205/10
Seems like 3175 was excellent for shorts. EU @ 3140 currently. Missed this due to a high volatility. If it goes to 3210 3125 should hold it and next swing should start.
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