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  • #14,341
  • May 3, 2012 2:35am May 3, 2012 2:35am
Quoting BrunargarFx
Nice, almost to the pip. Watching the 30M close in 5M

How do you calculate your London high?
Its a bit complicated to explain now but its based on Asian accumulation between 04-07.00 AM and fibonacci numbers. Then I add levels based on numbers ( 0.236, 0.382, 0.618 etc vs High/Low). Asian accumulation for London session is very important.
  • #14,342
  • May 3, 2012 2:37am May 3, 2012 2:37am
well, again rejection from 3160... very nice level for some time
  • #14,343
  • May 3, 2012 2:39am May 3, 2012 2:39am
Quoting danc
am in again at 45..
got my 10 back ..still reckon long will watch for nother enter
  • #14,344
  • May 3, 2012 2:41am May 3, 2012 2:41am
Still hanging around my level of 1.3155...
could go either way
  • #14,345
  • May 3, 2012 2:41am May 3, 2012 2:41am
Quoting danc
got my 10 back ..still reckon long will watch for nother enter
Yes B careful, 3142 median point below it we should hit 3126 first.
  • #14,346
  • May 3, 2012 2:43am May 3, 2012 2:43am
Quoting BrunargarFx
Still hanging around my level of 1.3155...
could go either way
Trend following suggests going down...but the problem is DPP hasnt been tested...We also have Bid rate decision/ conference today so EU might be stuck in a range.
  • #14,347
  • May 3, 2012 2:46am May 3, 2012 2:46am
Closed my S @ BE
I'll be back for the news @ 9:30
  • #14,348
  • May 3, 2012 2:46am May 3, 2012 2:46am
and before ECB we have spanish and french bond auctions... market will wait for that also... 08:30 and 09:00 GMT
  • #14,349
  • May 3, 2012 2:49am May 3, 2012 2:49am
If it breaks up, watch for these levels 1.3169 and 1.3182 for potential rejections
  • #14,350
  • May 3, 2012 2:49am May 3, 2012 2:49am
stuff it long again at 3150.. stop 3118
  • #14,351
  • May 3, 2012 2:50am May 3, 2012 2:50am
Quoting BrunargarFx
Closed my S @ BE
closed mine on -spread, no movement for 25 minutes
  • #14,352
  • May 3, 2012 2:53am May 3, 2012 2:53am
Quoting BrunargarFx
If it breaks up, watch for these levels 1.3169 and 1.3182 for potential rejections
That would be DP and 38.2 from 3280-3120 sving, I guess..
  • #14,353
  • May 3, 2012 3:02am May 3, 2012 3:02am
yes for fibo but DP is at 3174
3182 is 50EMA on H1

What would be good is that we share the Weekly and monthly pivots for this month (given we're only the 3rd). These are good levels to watch out.


Quoting Chika Kure
That would be DP and 38.2 from 3280-3120 sving, I guess..
  • #14,354
  • May 3, 2012 3:06am May 3, 2012 3:06am
Quoting BrunargarFx

What would be good is that we share the Weekly and monthly pivots...
No problem for that. Pivots can vary depending on calculation method (including Sunday or not, etc.) and also on time zone.

Here are my pivots - time zone GMT+0:

Daily: 3169
Weekly and Monthly the same to the pip: 3204
  • #14,355
  • May 3, 2012 3:18am May 3, 2012 3:18am
Quoting Chika Kure
No problem for that. Pivots can vary depending on calculation method (including Sunday or not, etc.) and also on time zone.

Here are my pivots - time zone GMT+0:

Daily: 3169
Weekly and Monthly the same to the pip: 3204
I have good experience with using ZMFX pivot levels which uses Sunday data also. I use it with addition to my projections too.
  • #14,356
  • May 3, 2012 3:54am May 3, 2012 3:54am
Two S positions opened @ 1.315 and 1.314 (break of UTL in USDX), Targets 1.3105 and 1.307
SL @ 1.3155 but montoring it closely
  • #14,357
  • May 3, 2012 4:04am May 3, 2012 4:04am
EU slipped per technical analysis to 3131 but Spanish auction was successful which made the move stall at 3131.

No big movement and volatility, bid decision rate later..
  • #14,358
  • May 3, 2012 4:09am May 3, 2012 4:09am
Quoting BrunargarFx
Two S positions opened @ 1.315 and 1.314 (break of UTL in USDX), Targets 1.3105 and 1.307
SL @ 1.3155 but montoring it closely
You are going with the trend and thats good. The only problem here is volatility, too slow....
  • #14,359
  • May 3, 2012 4:15am May 3, 2012 4:15am
That's right, still if we break 1.3123 this should go nicely down

Quoting T@rantula
You are going with the trend and thats good. The only problem here is volatility, too slow....
  • #14,360
  • May 3, 2012 4:17am May 3, 2012 4:17am
Quoting BrunargarFx
That's right, still if we break 1.3123 this should go nicely down
3110-05 first target
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