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  • #642,001
  • May 10, 2012 5:34am May 10, 2012 5:34am
anybody ready for real price action trading???

just snuck in here we go!!!

5 min top @ 2954
15 min bottom @ 2939
30 min top 2970
1 hr top @ 2970

observe what i just posted.

now time to laugh
  • #642,002
  • May 10, 2012 5:35am May 10, 2012 5:35am
Good morning folks.
Bang, Bang, Bang … I was shot dead like a rabbit on my yesterday LONG.
Though I still think the overall risk-reward ratio was worth to try.

What's on radar today?
I am sure the correction is around the corner.
The problem is only WHEN and WHERE, as fundamentals and short term technical signals do not go along together. Not at all.
Technically, some timeframes showing bullish divergence, many oscillators on “oversold” areas.
On the other hand we are not sit on any important Fibo or support level.
Fundamentally, a threat of Greek tragedy still hovers above the Eurozone.

I think strong bears will try to bring the price even lower below 1.2900, as we have very important and strong 1.2865 level there.
This is a cluster of weekly support and few Fibonacci lines, which could be a good foundation to high jump.
On the other side, 1.2970 still holds well and some impatient bulls will try to break it during the day.
Hmm. I don’t know which way should I go today…
So guys, watch closely those levels and trade smart.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 29 KB
Read Charts - Not Papers
  • #642,003
  • May 10, 2012 5:36am May 10, 2012 5:36am
Quoting pipnaija
anybody ready for real price action trading???

just snuck in here we go!!!

5 min top @ 2954
15 min bottom @ 2939
30 min top 2970
1 hr top @ 2970

observe what i just posted.

now time to laugh
this means 2970 is a good level to sell but dont sell if price goes crashing through it in dragon FASHION.
  • #642,004
  • May 10, 2012 5:48am May 10, 2012 5:48am
Truly baffling price action considering oversold throughout.
  • #642,005
  • May 10, 2012 5:54am May 10, 2012 5:54am
Quoting kuroro001
PA ain't good for longs anyway.
We need a bounce right now to save the bulls
Bulls are still there....if they want to kick out bears they have to clear 1,2960 for good
COT: The precious data ignored
  • #642,006
  • May 10, 2012 5:54am May 10, 2012 5:54am
Quoting mohan76
she is back in accepted range
Now let's see if bulls are strong enough or not
COT: The precious data ignored
  • #642,007
  • May 10, 2012 6:00am May 10, 2012 6:00am
i hope after GBP news right now ... it will finally start down...
right or wrong????
  • #642,008
  • May 10, 2012 6:04am May 10, 2012 6:04am
Quoting kibrul
i hope after GBP news right now ... it will finally start down...
right or wrong????

hoping so.....

crappy moves.. take care of stops everyone!
  • #642,009
  • May 10, 2012 6:04am May 10, 2012 6:04am
move sloss to be and let it go higer baby higer baby
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 14 KB
  • #642,010
  • May 10, 2012 6:05am May 10, 2012 6:05am
Quoting mv6
sl -30p

again e/u sell 2965 sl 2995 tp 2880
closed +35p
More on my Blog...
  • #642,011
  • May 10, 2012 6:07am May 10, 2012 6:07am
Quoting nawafasad1
move sloss to be and let it go higer baby higer baby
Good Trade , Alf Mabrook
  • #642,012
  • May 10, 2012 6:13am May 10, 2012 6:13am
Quoting Fx.med
Good Trade , Alf Mabrook
thank you . shukran my friend
  • #642,013
  • May 10, 2012 6:14am May 10, 2012 6:14am
1.2920 was a previous area of supp/res, so this isn't surprising. That break below 1.30-1.297 has my bias on the short side. We'd need to break above 1.3 for me to consider a long position.
  • #642,014
  • May 10, 2012 6:18am May 10, 2012 6:18am
Quoting pipnaija
anybody ready for real price action trading???

just snuck in here we go!!!

5 min top @ 2954
15 min bottom @ 2939
30 min top 2970
1 hr top @ 2970

observe what i just posted.

now time to laugh
Anyone seen laughing boy he seems to have gone offline
  • #642,015
  • May 10, 2012 6:21am May 10, 2012 6:21am
Quoting nawafasad1
move sloss to be and let it go higer baby higer baby
good trade, but this is EU Thread
Keep Simple...!
  • #642,016
  • May 10, 2012 6:23am May 10, 2012 6:23am
This is why support at 1.29 is so IMPORTANT !!! I am building longs from here and any pace lower into mid 1.28-1.29.

Attached Image (click to enlarge)
Click to Enlarge Name: genuinelyFX_2012.05.10_eurusd_weekly.jpg Size: 165 KB
charting the euro...
  • #642,017
  • May 10, 2012 6:27am May 10, 2012 6:27am
Quoting kotlt
good trade, but this is EU Thread
sorry mate but traders were talking about gu before i put my chart so i thought i might help in putting my count on it and few times we disscuss other currencies in this thread
  • #642,018
  • May 10, 2012 6:29am May 10, 2012 6:29am
Quoting nawafasad1
sorry mate but traders were talking about gu before i put my chart so i thought i might help in putting my count on it and few times we disscuss other currencies in this thread
Keep them coming mate, as you long you don't post gbpcad audnzd or any other non related pairs to euro or usd it's fine.
COT: The precious data ignored
  • #642,019
  • May 10, 2012 6:32am May 10, 2012 6:32am
Quoting nawafasad1
move sloss to be and let it go higer baby higer baby
nice maybe 6250-6300
More on my Blog...
  • #642,020
  • May 10, 2012 6:34am May 10, 2012 6:34am
Quoting mohan76
some people found new home @ twitter , only half left here

its not HIM on twitter. just a fake guy using HIS name
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