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  • #14,721
  • May 23, 2012 8:30am May 23, 2012 8:30am
Quoting T@rantula
If we follow the trend, we should sell it with stops just above 2700 and targets 2615 2580
1.2708 / 1.2705
DP and H3

I'm waiting this level to short
I'm indeed a talking panda. How are you?
  • #14,722
  • May 23, 2012 9:05am May 23, 2012 9:05am
Quoting T@rantula
If we follow the trend, we should sell it with stops just above 2700 and targets 2615 2580
  • #14,723
  • May 23, 2012 9:17am May 23, 2012 9:17am
Quoting T@rantula
Still opened holding on to this trade
i hesitated to short eurusd at 1.2666 but i took the cable short , so thanks mr T
  • #14,724
  • May 23, 2012 5:23pm May 23, 2012 5:23pm
Quoting huskyboy
i hesitated to short eurusd at 1.2666 but i took the cable short , so thanks mr T
No problems mate )

Quoting T@rantula
e:5723
sl:5740
tp1:5680
tp2:5655
This trade was closed @ 5680 for +46 pips.

Risk was only 17 pips and gain was 46 pips. Only on Spider's Den
  • #14,725
  • May 23, 2012 5:25pm May 23, 2012 5:25pm
Quoting T@rantula
If we follow the trend, we should sell it with stops just above 2700 and targets 2615 2580
I also had a short @ 2655 was a bit late due to fast drop from 2680, closed also at 2589, used lower leverage ( 1:3) due to 45 pips stop which is unusual for me.
  • #14,726
  • May 24, 2012 4:01am May 24, 2012 4:01am
Quoting T@rantula
Im seeing 2530 on h4 and daily as potential target before next "bigger retracement"
2625 is intraday resistance for bears. EU rejected from 2515 currently @ 2565 but that indicates possibilities for further fall.

Follow the trend and relax. 2520 if broken in EU/NY, will target 2490 and 2450.

2610 LPH and 2625 is intraday resistance.
  • #14,727
  • May 24, 2012 4:12am May 24, 2012 4:12am
Quoting T@rantula
2625 is intraday resistance for bears. EU rejected from 2515 currently @ 2565 but that indicates possibilities for further fall.

Follow the trend and relax. 2520 if broken in EU/NY, will target 2490 and 2450.

2610 LPH and 2625 is intraday resistance.
Hi T... be careful of trend change - divergence on daily... next stop below is 2484 with 2449 possible.. i am going to build longs
  • #14,728
  • May 24, 2012 4:25am May 24, 2012 4:25am
Quoting jaylovin
Hi T... be careful of trend change - divergence on daily... next stop below is 2484 with 2449 possible.. i am going to build longs
If u ask me, a healthy retracement is needed. Im watching it, but if it breaks 2520 on NY...2480/50 is next.
  • #14,729
  • May 24, 2012 5:50am May 24, 2012 5:50am
2625 is what id like to see. No brainer scalp trade on shorting 2625
  • #14,730
  • May 24, 2012 9:19am May 24, 2012 9:19am
Quoting T@rantula
2625 is what id like to see. No brainer scalp trade on shorting 2625
2615 provided good amount of pips, easy trading today.
  • #14,731
  • May 25, 2012 1:55am May 25, 2012 1:55am
Morning all. EU is touching DP (1.2556 on my chart) atm.
That could be first minor resistance level. Next level 2600/2620 IMO.

Support at 2515/20 holding so far. Would like to see "healthy retracement" as T. said before, bearish sentiment is very strong, with a good fundamental reasons behind it.
  • #14,732
  • May 25, 2012 2:38am May 25, 2012 2:38am
Good morning guys!

Today we have a retracement and EU will probably try to reach 2625.

2567 is important level. Above that 2584 and 2595 are levels to watch for. Break of 2595 targets 2625.

To the downside 2557 2548 2522 2509. Only break of 2509 targets 2496 and 2481 subsequently.

ATR points to 2623 to the upside and 2475 to the downside.
  • #14,733
  • May 25, 2012 3:26am May 25, 2012 3:26am
Quoting T@rantula
Good morning guys!

Today we have a retracement and EU will probably try to reach 2625.

2567 is important level. Above that 2584 and 2595 are levels to watch for. Break of 2595 targets 2625.
SO far its buy the dips. Wait for retrace then go long.
  • #14,734
  • May 25, 2012 5:24am May 25, 2012 5:24am
Still buy the dips mode.

2578-80 provides very good opportunity for buying the dips. Stops are only 8 pips as you can see on 5m TF.

Its called "Scalping the consolidation".

Attached Image


Dont be too greedy, Mr. Market may punish you. 3 entries are more then enough 5-10 pips each
  • #14,735
  • May 25, 2012 8:06am May 25, 2012 8:06am
Quoting T@rantula
Dont be too greedy, Mr. Market may punish you. 3 entries are more then enough 5-10 pips each
25 pips is enough for the day, even if the London noon profit taking was missed.

( Check my posts about FRIDAY LONDON NOON PROFIT TAKING)- check the candle where EU tanking has started today.
  • #14,736
  • May 25, 2012 5:34pm May 25, 2012 5:34pm
Moderate gain of 10 % this month again on this Quad account. Having in mind current situation and risk management, im ok with it.

See you on Monday guys!

Attached Image (click to enlarge)
Click to Enlarge Name: results.jpg Size: 31 KB
  • #14,737
  • May 28, 2012 6:36am May 28, 2012 6:36am
Its US holiday today, so I wont work. I dont trade on Bank holidays and I advise you not to trade when there is no volatility and momentum. FX is not centralized market, so it doesnt have volumes, only momentum and volatility is important.

Keep up the profit guys and tomorrow trading resumes as usual.
  • #14,738
  • May 28, 2012 4:05pm May 28, 2012 4:05pm
Quoting T@rantula
Good morning guys!

Today we have a retracement and EU will probably try to reach 2625.

2567 is important level. Above that 2584 and 2595 are levels to watch for. Break of 2595 targets 2625.

To the downside 2557 2548 2522 2509. Only break of 2509 targets 2496 and 2481 subsequently.

ATR points to 2623 to the upside and 2475 to the downside.
ok, that was friday, but levels were good for today, tarantula
  • #14,739
  • May 28, 2012 5:01pm May 28, 2012 5:01pm
Quoting 2046
ok, that was friday, but levels were good for today, tarantula
Friday-Monday, its more of the less the same, profit taking>retesting.
  • #14,740
  • May 29, 2012 2:07am May 29, 2012 2:07am
Good morning guys.

Here is where we stand:

2500 is very important level. If it breaks next I see is 2380. To the upside major resistance 2680, the break of it targets 2810.

Intraday levels are:

MEDIAN 2534

BULLS: 2547 2553 2560 2566 2570 (LPH)
BEARS: 2521 2514 2508 2500 2495 (LPL)

Currently EU is testing DPP. Pay attention to 2566-70, as those can be levels to SHORT. If it breaks that means that we will probably have INTRADAY UPTREND formed and we should buy the dips.
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