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  • #14,801
  • Jun 4, 2012 3:12am Jun 4, 2012 3:12am
Where would I play breakout trade? Only to the downside if 2285 we could expect Breakout which could be traded blindfolded, then retest them maybe continuation.

In that case 2180 is the target.

Anyway, EU pair needs a healthy retracement.

H4 has a nice channel formed with a potential for UPSIDE break.
Attached Image (click to enlarge)
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H1 has a nice channel also, with a bearish wedge forming which if support fails that will play out as falling support of bearish wedge. Draw it on your charts and mark the levels.
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  • #14,802
  • Jun 4, 2012 3:23am Jun 4, 2012 3:23am
Look how nicely dips are being bought even on low volatility

M5 timeframe, thrust > pullback trend trade opportunities, 3rd swing now.

Dont be too greedy
  • #14,803
  • Jun 4, 2012 3:29am Jun 4, 2012 3:29am
... in a minut... could be interesting

Addon - nothing much:
EUROZONE SENTIX INVESTOR CONFIDENCE (JUN) COMES IN AT -28.9 VERSUS -30.0 EXPECTED AND -24.5 PREVIOUS.
4 Jun 10:30:11
  • #14,804
  • Jun 4, 2012 3:39am Jun 4, 2012 3:39am
Quoting Chika Kure
... in a minut... could be interesting

Addon - nothing much:
EUROZONE SENTIX INVESTOR CONFIDENCE (JUN) COMES IN AT -28.9 VERSUS -30.0 EXPECTED AND -24.5 PREVIOUS.
4 Jun 10:30:11
Nothing much indeed. I did my part on scalping the trend, would like to see the breakout of 2435.

I wont sell anything before DPP failure> retest.
  • #14,805
  • Jun 4, 2012 3:53am Jun 4, 2012 3:53am
On my chart for EUR/USD:

1.2390 - without Sunday data

1.2381 - including Sunday data

Also - price is struggling to go higher than 1.2428 - Thursday high.
WP @ 2436. I dont "see" price moving higher than Fridays high, which is NFP spike ~2460. Unless some fat fart a.k.a. politician brings the "big bazooka"...
  • #14,806
  • Jun 4, 2012 3:57am Jun 4, 2012 3:57am
Quoting Chika Kure
On my chart for EUR/USD:

1.2390 - without Sunday data

1.2381 - including Sunday data

Also - price is struggling to go higher than 1.2428 - Thursday high.
WP @ 2436. I dont "see" price moving higher than Fridays high, which is NFP spike ~2460. Unless some fat fart a.k.a. politician brings the "big bazooka"...
If it breaks higher > 2460 we will have a slight covering as 2495 is next important level. That could lead to even more covering and next is 2550, 2580 2620 where 2620 is big resistance and important level to watch for.
  • #14,807
  • Jun 4, 2012 4:01am Jun 4, 2012 4:01am
Re EURO: That would require some really good news. I agree that 2620 is very very important, being the January low... Bearish sentiment still ultra strong.

Here is my AUD chart, price at interesting level... Triangle should be a continuation pattern. So, short with the trend. Still didnt pull the trigger on anything...
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  • #14,808
  • Jun 4, 2012 4:16am Jun 4, 2012 4:16am
Quoting Chika Kure
Re EURO: That would require some really good news. I agree that 2620 is very very important, being the January low... Bearish sentiment still ultra strong.

Here is my AUD chart, price at interesting level... Triangle should be a continuation pattern. So, short with the trend. Still didnt pull the trigger on anything...
We need momentum for such big moves, dont think we could make it w/o UK banks working.
  • #14,809
  • Jun 4, 2012 4:24am Jun 4, 2012 4:24am
Triangle on EUR H1 also...

Maybe the best idea for me now is to watch Tipsarevic - Almagro @ Roland Garros...

Knowing when NOT to trade is important also. I am not confident right now with this slow PA. Any other day - which would not be a first day after NFP, and not the day with UK bank holiday, I would hit short AUD at 0.9675...
Nothing to be afraid of shorting in downtrend... but these days are special, and technical levels are not respected (defended by big dawgs) like on "regular" days ...

So... Tipsy time for me...
  • #14,810
  • Jun 4, 2012 4:57am Jun 4, 2012 4:57am
Quoting T@rantula
Look how nicely dips are being bought even on low volatility

M5 timeframe, thrust > pullback trend trade opportunities, 3rd swing now.

Dont be too greedy
4th time, dips are being bought, as said earlier, buy the dips.
  • #14,811
  • Jun 4, 2012 6:45am Jun 4, 2012 6:45am
2466 look for that lvl.
  • #14,812
  • Jun 4, 2012 7:30am Jun 4, 2012 7:30am
EUR looking "tired" at WP.

AUD short 0.9717 SL 17
reason: friday high (NFP) spike reached, pair has a LL, downtrend...
  • #14,813
  • Jun 4, 2012 7:35am Jun 4, 2012 7:35am
Dow looking like short from DP... maybe retest 12000... just looking for corelations...
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  • #14,814
  • Jun 4, 2012 8:06am Jun 4, 2012 8:06am
Quoting Chika Kure
AUD short 0.9717 SL 17
Well that was 1/2 closed on +7 only (because it couldnt retest 0.97), and other 1/2 on BE. I am not in the mood for losing .
  • #14,815
  • Jun 4, 2012 8:15am Jun 4, 2012 8:15am
Quoting T@rantula
2466 look for that lvl.
Done.
  • #14,816
  • Jun 4, 2012 8:21am Jun 4, 2012 8:21am
2490 next
  • #14,817
  • Jun 4, 2012 8:46am Jun 4, 2012 8:46am
Quoting T@rantula
2490 next
Done. All went as planned. Im done for the day.
  • #14,818
  • Jun 4, 2012 8:49am Jun 4, 2012 8:49am
Quoting T@rantula
G
Looking on hourly charts we may have inverted h&s pattern in making, price has opened above DPP, and we may have a retracement.

2408 is median point and i have 2466 as LPH. 2350 is LPL.

Ill be looking to buy into dips today as long as EU is above DPP.

2435 is level to watch for also as the break of 2435 could accelerate move to the upside and give a possible bigger retracement.
2435 the break of it was a signal for slight short covering and impulse buying.
  • #14,819
  • Jun 4, 2012 9:02am Jun 4, 2012 9:02am
Good job T. again.

What do you think now? Price is close to upper line of that down chanell on H4... and close to 1.2500
  • #14,820
  • Jun 4, 2012 9:32am Jun 4, 2012 9:32am
Quoting Chika Kure
Good job T. again.

What do you think now? Price is close to upper line of that down chanell on H4... and close to 1.2500
2513 possible. If it breaks, retests and continue we can have 2620 in next few days.

Watch out for BPC.
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