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  • #14,581
  • May 16, 2012 7:26am May 16, 2012 7:26am
real struggle here on euro
  • #14,582
  • May 16, 2012 7:39am May 16, 2012 7:39am
2755 now. I have 2775 as shorting level and confluence with 50.0 fib of the last downswing.
  • #14,583
  • May 16, 2012 7:53am May 16, 2012 7:53am
Quoting T@rantula
2755 now. I have 2775 as shorting level and confluence with 50.0 fib of the last downswing.
Yes, and 2774 DP on my chart. Only question is - will it go there. Waiting...
  • #14,584
  • May 16, 2012 8:43am May 16, 2012 8:43am
Dammit, just back to trading desk. I had pending S @ 1.2775 too. Didn't reach there.
If break of 1.2721 (LTL), further down
Tails of H1 bars are not conducive to more up


Quoting T@rantula
2755 now. I have 2775 as shorting level and confluence with 50.0 fib of the last downswing.
  • #14,585
  • May 16, 2012 8:59am May 16, 2012 8:59am
Quoting BrunargarFx
Dammit, just back to trading desk. I had pending S @ 1.2775 too. Didn't reach there.
If break of 1.2721 (LTL), further down
Tails of H1 bars are not conducive to more up
More up is still possible.
  • #14,586
  • May 16, 2012 9:19am May 16, 2012 9:19am
Yes, it looks like you were right about buying the dips today as it provided the best R:R.

Last hour H1 surprised me but this hasn't turned into a full short covering yet. However, you can feel anything could trigger it.

Difficult to predict the top of this pullback, but I still have 1.2775. Above that, 1.287 should cap it.


Quoting T@rantula
More up is still possible.
  • #14,587
  • May 16, 2012 9:23am May 16, 2012 9:23am
Quoting BrunargarFx
Yes, it looks like you were right about buying the dips today as it provided the best R:R.

Last hour H1 surprised me but this hasn't turned into a full short covering yet. However, you can feel anything could trigger it.

Difficult to predict the top of this pullback, but I still have 1.2775. Above that, 1.287 should cap it.
2775 yes Mr. B. ALso we need to see FOMC reaction.
  • #14,588
  • May 16, 2012 10:08am May 16, 2012 10:08am
OMG, I just put a short @ 2745 and it went down!!!!
This should do nicely for further down
  • #14,589
  • May 16, 2012 10:13am May 16, 2012 10:13am
Needless to say if it doesnt go back down I'll just B/E
Quoting BrunargarFx
OMG, I just put a short @ 2745 and it went down!!!!
This should do nicely for further down
  • #14,590
  • May 16, 2012 10:30am May 16, 2012 10:30am
considering closing it, this thing should have tanked by now
Quoting BrunargarFx
Needless to say if it doesnt go back down I'll just B/E
  • #14,591
  • May 16, 2012 10:39am May 16, 2012 10:39am
Closed: +25



Quoting BrunargarFx
considering closing it, this thing should have tanked by now
  • #14,592
  • May 16, 2012 8:55pm May 16, 2012 8:55pm
wORKING ON NEW LITTLE SYSTEM.. JUST THOUGHT I WOULD POST THIS.. long at 2722.. as per pink quad..based on day week and mth pivot cluster..and my view of USDx.. stop is now at break even..took the position about 9.30 am aussie time..its a 5 min chart 4 hr and 1 hr raw charts support the view
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  • #14,593
  • May 17, 2012 2:28am May 17, 2012 2:28am
Out above chart at break even.. watching this 1 min chart using river for possible long trade..
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  • #14,594
  • May 17, 2012 2:36am May 17, 2012 2:36am
Hello Danc and all

We are still trapped in a range where both directions could be played. Again first outlook is sell the retracement but it could be changed thru the day.

Levels i have are:

Median- 2742

Bullish- 2752 2757 2762 2768 2771 (LPH)
Bearish- 2732 2727 2721 2716 2713 (LPL)

Levels are clustered due to narrrow accumulation in Asia.
Again break thru LPH 2771 or LPL 2713 should print new levels and point out some intraday trend.
  • #14,595
  • May 17, 2012 2:39am May 17, 2012 2:39am
long 2720.. stop 10 points
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  • #14,596
  • May 17, 2012 2:42am May 17, 2012 2:42am
Same levels: below 1.2713 down and above 1.2752 up (
Quoting T@rantula
Hello Danc and all

We are still trapped in a range where both directions could be played. Again first outlook is sell the retracement but it could be changed thru the day.

Levels i have are:

Median- 2742

Bullish- 2752 2757 2762 2768 2771 (LPH)
Bearish- 2732 2727 2721 2716 2713 (LPL)

Levels are clustered due to narrrow accumulation in Asia.
Again break thru LPH 2771 or LPL 2713 should print new levels and point out some intraday trend.
  • #14,597
  • May 17, 2012 2:55am May 17, 2012 2:55am
Quoting danc
long 2720.. stop 10 points
  • #14,598
  • May 17, 2012 2:59am May 17, 2012 2:59am
Long @ .2724, SL @.2621, TP @ .3535. Nice 800+ pip long move. Why? Cause Skunny taught me so........ :-)
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  • #14,599
  • May 17, 2012 3:11am May 17, 2012 3:11am
yeah, this is an excellent level to go long
and v. good SL too
Quoting T@rantula
  • #14,600
  • May 17, 2012 3:23am May 17, 2012 3:23am
Quoting lowell
Long @ .2724, SL @.2621, TP @ .3535. Nice 800+ pip long move. Why? Cause Skunny taught me so........ :-)
I agree that EU needs to have some retracement. But im not very convinced in longs. From Daily perspective if any retracement happens stops should be just above 2935 but it seems EU is targeting 2640/20 and if that level breaks 1.2550 is next.

Current situation in Greece is very unnerving for investors so the short selling is very justified.

However nice to see another view..just pay attention to MM.
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