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  • #14,201
  • Apr 25, 2012 3:37am Apr 25, 2012 3:37am
Good morning all.


Today we have another slight uptrend and it looks like EU is targeting 3240 and 3260.

However Asian accumulation has gavin us a possible London tight range.

Median point : 3194 (good for long setups)

3205 3210 3215 3220 3223 ( London top). Break of it 3240>3260

Only below 3185 EU might have a deeper intraday retracement

3178 3172 3168 3165 ( London projected low)
  • #14,202
  • Apr 25, 2012 3:51am Apr 25, 2012 3:51am
Bad data for cable should give us a possibility to enter short on retrace 6125-6130 is level id like to see and watch PA there for a short setup.

As for EU as you can see 3200 rejection has been good for long positions. What u need to pay attention at: For example if the EU is slowly falling ( but very slowly more like a stalling) and GU is falling rapidly thats the sign of EUR strength and we should look for long positions and vice versa.

There were many times when EU was falling like a rock and cable stood its ground. That was a sign to buy pullbacks on cable.
  • #14,203
  • Apr 25, 2012 4:04am Apr 25, 2012 4:04am
How do you trade cable news:

On good data Cable will spike up, buy the retracments ( pullbacks) at important levels or MA trendlines which act as a support. Vice versa for bad data.

Cable is usually one way ticket on data release.
  • #14,204
  • Apr 25, 2012 4:06am Apr 25, 2012 4:06am
Quoting danc
short Cable 16152.. stop 16190 chart and reason later
Still in this from last night... have moved stop to break even..
Reason for taking position was..

quad ressitance
square of price
day.. fibo points.. .618 and .666
ext fibo points.. 1.38 and 200
week pivots over last 3 weeks called6174..to 6157
mth .618..6150..
1/4 ter 50% 6160.. all pivots are fibo PPointsactual hi was 6169
  • #14,205
  • Apr 25, 2012 4:13am Apr 25, 2012 4:13am
Here is the Cable picture
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 181 KB
  • #14,206
  • Apr 25, 2012 4:37am Apr 25, 2012 4:37am
Quoting danc
Here is the Cable picture
Well done Danc.

I see u are using RSI. Its a great leading indicator that shows trend very correctly. U can also draw channel lines on RSI

In my intraday analysis I use h4 h1 rsi for determining intraday trend based on Asia accumulation.
  • #14,207
  • Apr 25, 2012 4:42am Apr 25, 2012 4:42am
Be back in 1.30h
  • #14,208
  • Apr 25, 2012 4:55am Apr 25, 2012 4:55am
Quoting T@rantula
Well done Danc.

I see u are using RSI. Its a great leading indicator that shows trend very correctly. U can also draw channel lines on RSI

In my intraday analysis I use h4 h1 rsi for determining intraday trend based on Asia accumulation.
T .. Thanks for TIp.. re RSI.. and ASIA.. will play with it.. sounds VERY interesting.. may ask some questions re this later..
  • #14,209
  • Apr 25, 2012 5:35am Apr 25, 2012 5:35am
just an observation.. and my opn of course.. i think USDX may be setting its self up for some good hier ground.. and so giving lower ground on EU.. not quite yet BUT in the air.. just my opn of course..
  • #14,210
  • Apr 25, 2012 5:44am Apr 25, 2012 5:44am
hello all. i gonna short euro.
Attached Image
looking for investors . pm me
  • #14,211
  • Apr 25, 2012 6:00am Apr 25, 2012 6:00am
UDX.. 4 hr
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  • #14,212
  • Apr 25, 2012 6:09am Apr 25, 2012 6:09am
USDX 4 hr picture
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.jpg Size: 116 KB
  • #14,213
  • Apr 25, 2012 6:16am Apr 25, 2012 6:16am
Quoting danc
USDX 4 hr picture
i also saw those divergenc. nice bro
looking for investors . pm me
  • #14,214
  • Apr 25, 2012 7:49am Apr 25, 2012 7:49am
Market may change the direction. Intraday stop should be placed around 3255. Sell into retracements should be the strategy.

If EU breaks 3180 3165 is next and 3130.
  • #14,215
  • Apr 25, 2012 8:09am Apr 25, 2012 8:09am
I am short 3214.. there are a number of reasons why bu just one i see as quite strong is.. current hi b3236 ish 3 fibo point exact.. week..38% day 50% 4 hr .618% would think it should go to 3150 ish
  • #14,216
  • Apr 25, 2012 8:17am Apr 25, 2012 8:17am
Quoting T@rantula
Market may change the direction. Intraday stop should be placed around 3255. Sell into retracements should be the strategy.

If EU breaks 3180 3165 is next and 3130.
If we get to 3240 Ill short it with 15 point stop
  • #14,217
  • Apr 25, 2012 8:19am Apr 25, 2012 8:19am
Quoting danc
I am short 3214.. there are a number of reasons why bu just one i see as quite strong is.. current hi b3236 ish 3 fibo point exact.. week..38% day 50% 4 hr .618% would think it should go to 3150 ish
We should but if we hit 3255 its not valid...

Break of 3185 is needed, but if u already shorted EU u may add a short on 3185 retest if any.
  • #14,218
  • Apr 25, 2012 8:49am Apr 25, 2012 8:49am
Quoting T@rantula
If we get to 3240 Ill short it with 15 point stop
Watching current PA its stuck. ideally...if it shoots above 3240 we may come fast to 3255..Im having 3262 as ATR maximum, so ill be looking to short it with a small stop. I cant buy it now because 3185 is 40 pips away from where we stand now. Those who opened longs in the moment i wrote my morning analysis are in better positions, as I already closed mine.
  • #14,219
  • Apr 25, 2012 9:18am Apr 25, 2012 9:18am
Quoting T@rantula
Watching current PA its stuck. ideally...if it shoots above 3240 we may come fast to 3255..Im having 3262 as ATR maximum, so ill be looking to short it with a small stop. I cant buy it now because 3185 is 40 pips away from where we stand now. Those who opened longs in the moment i wrote my morning analysis are in better positions, as I already closed mine.
Ok, missed some entries but the analysis is valid. Morning was ( if u follow my analysis buy the dips - its sell the rallies now ) Im done for the day, closing this month with good result.

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  • #14,220
  • Apr 25, 2012 9:19am Apr 25, 2012 9:19am
Quoting danc
I am short 3214.. there are a number of reasons why bu just one i see as quite strong is.. current hi b3236 ish 3 fibo point exact.. week..38% day 50% 4 hr .618% would think it should go to 3150 ish
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