if this 4 hour close above 1.2487 will look good for the bull, which may means bear are exhausted temporary, but we won't know what will happen on eu summit, that's based on my 4hour trend reversal indicators.
- #662,501
- Jun 27, 2012 9:31am Jun 27, 2012 9:31am
- Joined May 2012 | Status: I'm Pawning 95Percent | 1,407 Posts
- #662,504
- Jun 27, 2012 9:36am Jun 27, 2012 9:36am
- Joined May 2012 | Status: I'm Pawning 95Percent | 1,407 Posts
- #662,507
- Jun 27, 2012 9:39am Jun 27, 2012 9:39am
Agree,
However not time for wave C just yet. Still in the shorter term descending channel for now. In fact I just entered a short scalp near the upper trend line, stops above the high:
Short 2493 SL 2509 TP 2444
Great r/r for longs between 2430/2444, with a tight(ish) stop below 2420 for the continuation of wave C
Looks pretty clear bear to me. Sorry I can't post a chart from here. Added another short scalp @ 2494, SL 2510, TP 2445 r/r 1:3
Bulls desperately trying to break out of the descending trend line.. right on the upper line right now for the 5th time today. I'll add one more short scalp @ 2501 Only giving 9 pips here, r/r 1:6
Long now @ 1.2451. I have larger orders down at strong support 2443/2436. Good r/r here.. We can use tight stops below 2430. We couldn't quite get there before the end of the London session though
So as usual, NY will drift away. I would expect the descending trend line to cap it for tonight at ~1.2492 area before another possible re-test of the aforementioned support areas tomorrow. Good night and good luck 
- #662,509
- Jun 27, 2012 9:43am Jun 27, 2012 9:43am
- | Joined Apr 2010 | Status: 888 | 1,664 Posts
Short closed @ 2453 +40
Closed @ 2455 +39
This one is always a great trade.. only had to risk 9 pips. Closed @ 2456 +45
Long now @ 1.2451. I have larger orders down at strong support 2443/2436. Good r/r here.. We can use tight stops below 2430. We couldn't quite get there before the end of the London session though
You can remain irrational longer than you can remain solvent.
- #662,511
- Jun 27, 2012 9:49am Jun 27, 2012 9:49am
Long now @ 1.2451. I have larger orders down at strong support 2443/2436. Good r/r here.. We can use tight stops below 2430. We couldn't quite get there before the end of the London session though
I agree , the prices will be capped at the 1.249 trendline area, there are too many strong resistances above the area.
- #662,515
- Jun 27, 2012 10:14am Jun 27, 2012 10:14am
- | Joined Apr 2010 | Status: 888 | 1,664 Posts
You can remain irrational longer than you can remain solvent.
only predict
- #662,519
- Edited 10:51am Jun 27, 2012 10:33am | Edited 10:51am
- | Joined Apr 2012 | Status: Trader | 1,621 Posts
