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  • #3,461
  • Jul 6, 2012 9:33am Jul 6, 2012 9:33am
Quoting Tyoon
The sellers are really thrashing it out. 2335 did not break therefore held for a continuation south.

What values can be identified from 2010? Any QM levels?

Near-term there is 1.23 that could hold for support here. Demand a bit lower.
I've checked M1 for the best entry and there is a div on H1
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  • #3,462
  • Jul 6, 2012 9:45am Jul 6, 2012 9:45am
Quoting FX.Sniffer
I've checked M1 for the best entry and there is a div on H1
And a lovely pattern playing out here between the levels.

If 2304 holds we could be good for a bullish break of 1.2317.

If 2317 breaks we will be looking for a test of 1.2335.

If 1.23 breaks we can either assume RN stop hunt or a further advance south.

..
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  • #3,463
  • Jul 6, 2012 9:48am Jul 6, 2012 9:48am
Quoting FX.Sniffer
Goldy and sorry there is no SL for this one and TP is fixed at the marked up zone..for now.
last chance for the regretful sellers?! maybe I should close my sell orders too.
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  • #3,464
  • Jul 6, 2012 10:05am Jul 6, 2012 10:05am
Quoting FX.Sniffer
last chance for the regretful sellers?! maybe I should close my sell orders too.
Reminds me of how price once it creates a cluster frack of a zone, will continue to do so each time it revisits. It's one of those never ending processes, until price eventually creates a clean break through it, resetting it.
  • #3,465
  • Jul 6, 2012 10:22am Jul 6, 2012 10:22am
Caution any longs at this level. Keep stops tight.

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We could be headed deeper into this level.

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I like this level for a decent bounce. Pity I cant see any LTF areas on the demand from 2010. Anyone anything decent on this. Will await a 1hr or 4hr sign to think about a long. What do you guys think???
  • #3,466
  • Jul 6, 2012 10:22am Jul 6, 2012 10:22am
Quoting FX.Sniffer
last chance for the regretful sellers?! maybe I should close my sell orders too.
how about rejection from supply and i should say it was thrown down from supply
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  • #3,467
  • Edited 12:15pm Jul 6, 2012 12:12pm | Edited 12:15pm
Quoting jaimini
how about rejection from supply and i should say it was thrown down from supply
hi jaimini, plz see the chart and if you're referring to the last spike you can find a supply cluster on LTF. All I can tell you is news or no news S&D rules.

BTW as you see I didn't close any of the orders because I have a plan to trade and its based on the H4 TF.
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  • #3,468
  • Jul 6, 2012 12:39pm Jul 6, 2012 12:39pm
Quoting FX.Sniffer
hi jaimini, plz see the chart and if you're referring to the last spike you can find a supply cluster on LTF. All I can tell you is news or no news S&D rules.

BTW as you see I didn't close any of the orders because I have a plan to trade and its based on the H4 TF.
And I'm with you sold after spike now in profit
She is not going up for now
  • #3,469
  • Jul 6, 2012 12:48pm Jul 6, 2012 12:48pm
Quoting Tyoon
And a lovely pattern playing out here between the levels.

If 2304 holds we could be good for a bullish break of 1.2317.

If 2317 breaks we will be looking for a test of 1.2335.

If 1.23 breaks we can either assume RN stop hunt or a further advance south.

..
hey Tyoon that didn't work out quite well. Anyway here's what I see on HTF in addition to US$ index.
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  • #3,470
  • Jul 6, 2012 12:55pm Jul 6, 2012 12:55pm
Quoting FX.Sniffer
hey Tyoon that didn't work out quite well. Anyway here's what I see on HTF in addition to US$ index.
US$ Index... looks like one of those harmonic patterns are forming. I'm not well versed in them, but when they play out, they leave a wake of destruction in there path. This one would put us back to what? 82.00$ or so?

Regardless, no signs of switching directions on the euro yet... I'm definitely a follower of the theory long until short, short until long.
  • #3,471
  • Jul 6, 2012 1:07pm Jul 6, 2012 1:07pm
Quoting FX.Sniffer
hey Tyoon that didn't work out quite well. Anyway here's what I see on HTF in addition to US$ index.
With all the news happening today the $ strength was clearly too overwhelming for these bullish levels retrospectively.

There were some cues that told us price was going to continue from that 1.23-2335 scenario.

Price broke 1.23 and came back above to fill and retest supply and it dropped (5m). If it were a RN stop hunt it would have bounced under and over fast. But it did not do that.. it carried on the selling pressure. The clear rejections from 1.2317 was a cue to the selling pressure.
  • #3,472
  • Jul 6, 2012 1:35pm Jul 6, 2012 1:35pm
Can you guys take a look at my chart and correct me if I am wrong. THanks
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  • #3,473
  • Jul 6, 2012 1:41pm Jul 6, 2012 1:41pm
Quoting jamesb007
Can you guys take a look at my chart and correct me if I am wrong. THanks
Your 2152 is a great level as it was a previous QM level. Because there is such a large range there it might be best to download some LTF quote data from 2010.
  • #3,474
  • Jul 6, 2012 2:15pm Jul 6, 2012 2:15pm
lower time frame
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  • #3,475
  • Jul 6, 2012 3:21pm Jul 6, 2012 3:21pm
Quoting Venice
I *may* be interested in Aussie shorts next week, if we can get a close below 1.02111. That being said, it will be light to start off with, we still have a supply turned demand area to contend with. Would prefer to see a break under and retest from below.
Ehh.... Silly Aussie. You love to be bought don't you. The key now is the highs holding, or not...
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  • #3,476
  • Jul 6, 2012 4:24pm Jul 6, 2012 4:24pm
Hi all.

We're beginning the switcharoo of AG to the new site.

Bear with us and we'll let you know when we're open
  • #3,477
  • Jul 6, 2012 4:28pm Jul 6, 2012 4:28pm
Quoting Ifmyante
Hi all.

We're beginning the switcharoo of AG to the new site.

Bear with us and we'll let you know when we're open
Switching over and releasing content?! Been waiting and studying.
  • #3,478
  • Jul 6, 2012 4:50pm Jul 6, 2012 4:50pm
Quoting Ifmyante
Hi all.

We're beginning the switcharoo of AG to the new site.

Bear with us and we'll let you know when we're open
Drum roll please

..
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  • #3,479
  • Jul 6, 2012 5:31pm Jul 6, 2012 5:31pm
Quoting Ifmyante
Hi all.

We're beginning the switcharoo of AG to the new site.

Bear with us and we'll let you know when we're open
- Look to the left, Trade to the right - I am the system
  • #3,480
  • Jul 6, 2012 5:35pm Jul 6, 2012 5:35pm
Quoting Ifmyante
Hi all.

We're beginning the switcharoo of AG to the new site.

Bear with us and we'll let you know when we're open
Woohoo! Can't wait to see the new site! Congratulations ti If, Kenny & Emene for this beautiful project! Thank you very much for all you have done and keep doing for us.

God Bles you!
Mel
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