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  • #14,921
  • Jun 11, 2012 2:26am Jun 11, 2012 2:26am
Good morning all.
Well done to the Longs over the WeekEnd
We can even expect to go upto the next res. area: 1.2785 - 1.281
Quoting T@rantula
Good morning guys.

Spanish bailout reaction has lifted currency pairs vs USD.
Watch the reaction around DPP to buy. 2665 is intraday resistance, if broken we can expect 2700
  • #14,922
  • Jun 11, 2012 2:34am Jun 11, 2012 2:34am
Morning all. Perfect bounce from 38.2 fibo level. Nice gap... what will be today? Missed last week entirely, chasing some frickin documents...
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  • #14,923
  • Jun 11, 2012 2:36am Jun 11, 2012 2:36am
2635 is median point

2660 is very important for upward continuation. 2585 is DPP and projected low but due to Monday trading and Sunday interbank move, we may see a retest of 2554., its very important point for bulls. NO BULLS below 2554.
  • #14,924
  • Jun 11, 2012 2:38am Jun 11, 2012 2:38am
Yes look to buy the dips, just careful with adding. For 27+ 2660 needs to break and 255x needs to hold.
  • #14,925
  • Jun 11, 2012 2:46am Jun 11, 2012 2:46am
Quoting T@rantula
.... we may see a retest of 2554., its very important point for bulls.
I have ~2551 as 50.0 fibo from last up sving on H1 - 2434 to 2667.
Is that what you are reffering or some other calculation?
  • #14,926
  • Jun 11, 2012 2:54am Jun 11, 2012 2:54am
Quoting Chika Kure
I have ~2551 as 50.0 fibo from last up sving on H1 - 2434 to 2667.
Is that what you are reffering or some other calculation?
Yes WPP is 2554, say its 2550-54
  • #14,927
  • Jun 11, 2012 4:27am Jun 11, 2012 4:27am
Quoting T@rantula
Yes WPP is 2554, say its 2550-54
am a bit confused re week PPX.. I have 2555/60 ish.. and 2508.. which corresponds with Action Fx pivot week.. I do my by hand.. with data off 4 different plat forms.Is it because of the gap today??
  • #14,928
  • Jun 11, 2012 4:34am Jun 11, 2012 4:34am
I use BucPivot_V1.2 indicator, and have
2581 DP
2565 WP

...
  • #14,929
  • Jun 11, 2012 4:43am Jun 11, 2012 4:43am
38.2%
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  • #14,930
  • Jun 11, 2012 4:47am Jun 11, 2012 4:47am
Quoting Chika Kure
I use BucPivot_V1.2 indicator, and have
2581 DP
2565 WP

...

Quoting danc
am a bit confused re week PPX.. I have 2555/60 ish.. and 2508.. which corresponds with Action Fx pivot week.. I do my by hand.. with data off 4 different plat forms.Is it because of the gap today??
Yes Danc if we neglect Sunday data its 2562 here (gmt)
  • #14,931
  • Jun 11, 2012 5:37am Jun 11, 2012 5:37am
Looks like interbank has been playing with traders. If WPP is broken ill stay flat until I spot the real deal.
I have a long @ 79 with stop @ 60.
  • #14,932
  • Jun 11, 2012 6:04am Jun 11, 2012 6:04am
Quoting T@rantula
Looks like interbank has been playing with traders. If WPP is broken ill stay flat until I spot the real deal.
I have a long @ 79 with stop @ 60.
-19 pips. Waiting for NY, WPP has been broken.
  • #14,933
  • Jun 11, 2012 6:37am Jun 11, 2012 6:37am
2542 gone

hope this really tanks today
  • #14,934
  • Jun 11, 2012 6:39am Jun 11, 2012 6:39am
Quoting BrunargarFx
2542 gone

hope this really tanks today
I have expected a retest of 2620 then either a swing up or new low...

This move has a meaning. Interbank Sunday trade was a stop hunt, It doesnt have to do anything with Trend change or Daily retrace.

Covered some with 65 retest short, am eager to see NY open.
  • #14,935
  • Jun 11, 2012 6:54am Jun 11, 2012 6:54am
I couldn't agree more -> stop hunt (and what a nasty one).
Level of 1.267 respected, continuation down, break of 1.262 and WPP.
After Spain it's more bad news from Italy, Germany v. unlikely to accept collateral responsibility shred between the state members regarding banking crisis (they'll be mad to).

The only ways now are down or sideways but I'm betting on down.
I'm having a ball today (so far)

Quoting T@rantula
I have expected a retest of 2620 then either a swing up or new low...

This move has a meaning. Interbank Sunday trade was a stop hunt, It doesnt have to do anything with Trend change or Daily retrace.

Covered some with 65 retest short, am eager to see NY open.
  • #14,936
  • Jun 11, 2012 6:55am Jun 11, 2012 6:55am
Quoting BrunargarFx
The only ways now are down or sideways but I'm betting on down.
I'm having a ball today (so far)
Very good mate! Lets see if they will close "retail gap".
  • #14,937
  • Jun 11, 2012 7:06am Jun 11, 2012 7:06am
Ideally, I'd like to see 1.256 - 2565 first and then down...

Quoting T@rantula
Very good mate! Lets see if they will close "retail gap".
  • #14,938
  • Jun 11, 2012 7:14am Jun 11, 2012 7:14am
Quoting T@rantula
I have expected a retest of 2620 then either a swing up or new low...
Me too. But price reached 2618 at 08:10 and that was it. Hopium after weakend news evaporated quickly.
  • #14,939
  • Jun 11, 2012 7:16am Jun 11, 2012 7:16am
Dont forget that its Monday, and that news considering EUzone and bailouts can affect the price instantly.
  • #14,940
  • Jun 11, 2012 7:19am Jun 11, 2012 7:19am
2542 is acting as support again. We haven't closed the so-called "gap" @ 1.2524 yet and I need to go to the gym...
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