Malaysia

Trading discipline is 90 percent of the game. The formula is
very simple:Trade with discipline and you will succeed; trade without discipline and you
will fail.
By Douglas E. Zalesky

bull exhaustion...be careful

Posted at early morning
EURUSD close above 1.2792, Price the confirmation on H1 & H4 for the retractment level in play.That exposes the next layer of resistance in the 1.2865 to 87 region Door opens to 1.2962 above that.

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http://fsnappy.blogspot.com/

lie of down.....72..keep your eyes

another 10 minutes to go...

72........breakout? not yet

Looking 3 top now at 72....if hold...price will come back to test 41
watch out m15...close below/above

breakout 72............validation?

will not sell if price close above 41. Need to wait for valid indi.

50....daily support 1

d1 and h1 oversold condition.....m15 must valid to give way further bearish.
H1 support at 37. watch the 1 hour close.(12am).

good luck guys...see you tomorrow.

Whole day in seminar....so sleepy...just to help all oof you guys.

This morning’s action may compose the ‘flush’ before a larger correction takes hold. There are no setups to short the USD here with a sensible stop. Sure, the USD may extend a bit beyond current levels but reward/risk on USD longs is no longer favorable (except maybe against the Yen). HUGE levels have given way, most notably the January low at 12623 in the EURUSD. In my experience, the breech of such levels tends to give way to consolidation / corrective action BEFORE the next larger move. Make no mistake, the larger trend is towards USD strength but don’t get caught long USD at bad prices.
I’ll look to identify USD support as corrections unfold in real time but levels to keep in mind is 12870-12900 in EURUSD

Good luck

At the moment, I believe market in progress to complete major corrective wave B either refering to the alt counts in aqua, yellow or white. Favourably, I'm looking forward for a potential of bullish reversal trend scenario in yellow. A valid diagonal triangle pattern later would bolster to this scenario. Otherwise, we may see another extension of wave B in white. Good luck.

enjoy ya weekend...

EURUSD slipped to a fresh low of 1.2495. The pair may continue looking for support in wk22 as European policy makers make an attempt to buy more time. the next stop barrier at 1.2481. By identifying the last range on last Friday too be used to add to short. The H1 support at 1.2495 and Resistance at 1.2547.

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http://fsnappy.blogspot.com/

H4 resistance at 1.2602..closed above that level, bias to bullish . Wk22 open with a gap from lower swing and if the gap doesn't closed up...looking for oppurtunity of buying this pair.

At the moment, I'm looking forward for a potential of major bullish reversal trend scenario refering to the alt count in yellow. A bounce and a "bear trap" scenario would bolster to this sentiment. Otherwise, we may see a double bottom in white 1st. before a major reversal. Good luck.

The EURUSD Can Not Find A Bounce These Days. In Early New York Trading Rumors Were Circulating Of A Possible Announcement Of An Organized Multi-National Central Bank Intervention But These Rumors Turned Out To Be Just Rumors. Once North American Trading Began The Pair Dropped For The Remainder Of The Day. We May See A Bit Of Profit Taking Into The End Of The Week, Which Could Produce A Bounce. Daily Price Support Begins At 1.2515 But I Would Rather Focus On Long-Term Daily Support At 1.2480. The Pair Is In Deep Water Now And Any Support Zone Until The 1.2150 Is Really A Fib Extension, Such As The 1.272 Fib At 1.2388 Resent Lows. Not Great For Trading. Resistance Is At 1.2625.

Sup 1.2515 1.2480

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http://fsnappy.blogspot.com/

sellers have no more momentum, will bulls take overs?

Euro swimming in the deep end.