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  • #647,541
  • May 25, 2012 2:51am May 25, 2012 2:51am
Key levels in play today.

daily pp, resistance 1 and 2. Looking for it to climb to those areas on an increase in surge in wall street indicies, risk on mentality and short covering today. Without any news / surprises such as Juncker taking off his underpants and running about in Athens screaming the euro is doom / collasping, i think we might test those areas again.


Daily seems ripe for the take off.. but im not a seer, i don't have a crystal ball.. but those are the levels in play.
  • #647,542
  • May 25, 2012 2:51am May 25, 2012 2:51am
Quoting fxkiller
EU below 2600-2620 is still a bearish move for me..
  • #647,543
  • May 25, 2012 2:52am May 25, 2012 2:52am
Quoting Esssex
75 is putting up helluva good fight.
markets exhausted, we have a bull flag though, this is going higher
An opportunity lost is not a capital cost.
  • #647,544
  • May 25, 2012 2:54am May 25, 2012 2:54am
Quoting kuroro001
Hi mate! All good today, i hope yours is good as well!

It's pretty simple, i look at the H1 chart and draw my area of S/R based on the past moves. So it's all manual to me...i try to look at the most accurates S/R

http://www.forexfactory.com/showthre...82#post5494382

Check that post to have an idea.
oh ok i got it! thanks! anyway, goodmorning everybody today.

i'm checking out the 1H chart and price is about to touch the 50-EMA. If it breaks 1.2585-1.2590 then it it will become a bull day with these levels becoming the new support. otherwise we will see a reversal that could even give us new lows (although i doubt there is enough power in the bears to accomplish that today).

my feeling tells me there will be a rebound at around 1.2590 and price will drop to 1.2540 and range for the rest of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: 50EMA-1H.gif Size: 55 KB
Daily Target: 20 pips
  • #647,545
  • May 25, 2012 2:57am May 25, 2012 2:57am
Quoting BFSGcapital
markets exhausted, we have a bull flag though, this is going higher
Yup, next will be 82 and the major battle 97 again before the grail of 10.

Finally, after so many days the bull has finally taken place. Waited so long for this, so many signals during this week that did not push the markets up.
  • #647,546
  • May 25, 2012 3:02am May 25, 2012 3:02am
Italian Retail Sales m/m -0.2%
Bad news again on Euro ?
will have effect ?
  • #647,547
  • May 25, 2012 3:05am May 25, 2012 3:05am
Quoting untusoft
Italian Retail Sales m/m -0.2%
Bad news again on Euro ?
will have effect ?
Muted effect.
  • #647,548
  • May 25, 2012 3:08am May 25, 2012 3:08am
Quoting Esssex
Yup, next will be 82 and the major battle 97 again before the grail of 10.

Finally, after so many days the bull has finally taken place. Waited so long for this, so many signals during this week that did not push the markets up.
Yeah closed 1/4 at 60, 1/4 at 82, tp for other two 1/4 at 95 and 15

Also scalped short at 82 risky but what it needed to pull back. okay closed the 82 scalp for +2, freaking bulls dont want to take a break
An opportunity lost is not a capital cost.
  • #647,549
  • May 25, 2012 3:11am May 25, 2012 3:11am
Common... little bit more... adding to short at 2594.4o
  • #647,550
  • May 25, 2012 3:12am May 25, 2012 3:12am
Quoting BFSGcapital
Yeah closed 1/4 at 60, 1/4 at 82, tp for other two 1/4 at 95 and 15

Also scalped short at 82 risky but what it needed to pull back. okay closed the 82 scalp for +2, freaking bulls dont want to take a break
You are playing it perfectly today!

The scalp was a good move due to the Italian data, I scalped a bit there too.

How many lots do you usually dabble with?
  • #647,551
  • May 25, 2012 3:13am May 25, 2012 3:13am
Got my fill. Next add..... 2610
  • #647,552
  • May 25, 2012 3:13am May 25, 2012 3:13am
i think that 2605 it will be max today...
  • #647,553
  • May 25, 2012 3:16am May 25, 2012 3:16am
who might now ... were it goes bad news good news goes up.... bad news good news goes up now...those news are for who??
  • #647,554
  • May 25, 2012 3:18am May 25, 2012 3:18am
I wouldn't short just now, mine was stoped out have a look

http://s15.postimage.org/7xwj4owsb/euro.gif
adult upload image
swing it!
  • #647,555
  • May 25, 2012 3:20am May 25, 2012 3:20am
Quoting aurel_79
who might now ... were it goes bad news good news goes up.... bad news good news goes up now...those news are for who??
There's more to news trading than whether it is good or bad.

You have to understand the fundamentals of that particular news and it's potential impact given the current economic conditions.


On a side note, it is coming! Let's have it pip perfect 10.
  • #647,556
  • May 25, 2012 3:22am May 25, 2012 3:22am
could it be because of this?

"Option expiries 1400GMT , $usdjpy Y79.25, Y80.00 $eurjpy Y100.00, Y100.50 $eurgbp stg0.8000, stg0.8050 $audusd $0.9800"
  • #647,557
  • May 25, 2012 3:29am May 25, 2012 3:29am
Nothing much has happened to change my bearishness.have 2 shorts from r1 1.25955area...looking to add more.even if we go upto yesterdays high...cheers mate
Imanuel Parsifal
  • #647,558
  • May 25, 2012 3:29am May 25, 2012 3:29am
1.2600 was a good area to short with a SL at 1.261.
  • #647,559
  • May 25, 2012 3:33am May 25, 2012 3:33am
Quoting Kowalczyk
1.2600 was a good area to short with a SL at 1.261.
Quoting fxkiller
For now for example we have a daily pivot on EU at 2600

and I would scalp a short there.. let see..

  • #647,560
  • May 25, 2012 3:35am May 25, 2012 3:35am
Quoting Kowalczyk
1.2600 was a good area to short with a SL at 1.261.
lol "was" can't help us now..

i'm also bearish for today but waiting for a stronger signal to enter. bulls are still a bit too powerful for an entry now.

edit: if the next hour candle closes above the 50-EMA then there is a good chance the rest of the day will be bullish.
Daily Target: 20 pips
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