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  • #801
  • Jul 24, 2012 11:17am Jul 24, 2012 11:17am
Quoting MaxDoom
we are hitting a confluence of targets here for me.

1.2067 was my end of target zone one as mentioned this morning.

Looking at the Hourly I get primary targets for 1.204x therefore I am now looking for at least some modest retrace especially given the time of day.

this would also support my earlier long on cable

not made an entry yet though
I think 2050 will do for bulls, most action allready happend me thinks, what's your Sterling target Max?
swing it!
  • #802
  • Jul 24, 2012 11:21am Jul 24, 2012 11:21am
Quoting tomspin
I think 2050 will do for bulls, most action allready happend me thinks, what's your Sterling target Max?

adjusted as the PA has gone on looking at first zone of 1.556x to 1.558x at the moment. but if we get there I can step up a timeframe and I have projections upto 1.58

I had to reenter cable as I moved to BE at one point and it got hit
  • #803
  • Jul 24, 2012 11:22am Jul 24, 2012 11:22am
Quoting tomspin
Good morning
I am still holding my shorts, I was underwater at some point but more less at the same level since yesterday's NY lunchtime.
PMI droped few points again and anything below 50 means recession, when I am looking at euro/dollar chart I cannot see much of a direction - we've been ranging since yesterday 17:00 between 1,2100 & 1,2146
We need 1,2050 for bears & 1,2150 for temp up move otherwise ping pong match is valid. When I am looking at higher tf I can see 1,2030 could be achieved today,
if not 2050 should do for now
swing it!
  • #804
  • Jul 24, 2012 11:27am Jul 24, 2012 11:27am
Quoting MaxDoom
adjusted as the PA has gone on looking at first zone of 1.556x to 1.558x at the moment. but if we get there I can step up a timeframe and I have projections upto 1.58

I had to reenter cable as I moved to BE at one point and it got hit
choppy little bugger, I am looking bellow 1,5500 you know - well bellow
swing it!
  • #805
  • Jul 24, 2012 11:31am Jul 24, 2012 11:31am
Quoting MaxDoom
been a good days trading but now I must away to family time

catch you tomorrow
enjoy every minute, I am off as well
swing it!
  • #806
  • Jul 24, 2012 11:39am Jul 24, 2012 11:39am
Hm. I got stopped out on a couple of trades (at BE+1 at least) after that little tank. What was that all about? It came in like 30 minutes after London close and there was no news behind it?
  • #807
  • Jul 24, 2012 12:08pm Jul 24, 2012 12:08pm
Good day to Mr.Tau

Cant find any setup on 4H today
only managed some shortime trade @ hourly

managed 1% over for today


I can play dirty too
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 27 KB
If there was easy money lying around,no one would be forcing it into your
  • #808
  • Jul 24, 2012 12:19pm Jul 24, 2012 12:19pm
While not one to call bottoms and tops, if you look at the charts of the EURUSD and USDCHF on the monthly and weekly respectively some serious confluence points emerge.

EURUSD monthly is approaching a monthly trend line, the 200 SMA and just below the 50 all time retracement level.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 92 KB


USDCHF weekly is right at the 61.8 retracement level, the 200 SMA and support turned resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 91 KB


Should make for interesting trading.
Every time you use 'hopium' in a post, God kills a kitten.
  • #809
  • Jul 24, 2012 12:59pm Jul 24, 2012 12:59pm
And if you want to zoom out to the USDCHF monthly, you can see the obvious zone it's in and the 50 SMA, which coincides with the 200 SMA on the weekly.

Attached Image (click to enlarge)
Click to Enlarge Name: ucm.jpg Size: 78 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #810
  • Jul 24, 2012 1:15pm Jul 24, 2012 1:15pm
Quoting profxtrader
And if you want to zoom out to the USDCHF monthly, you can see the obvious zone it's in and the 50 SMA, which coincides with the 200 SMA on the weekly.

Attachment
thank you for the analysis bro

keep posting and sharing
If there was easy money lying around,no one would be forcing it into your
  • #811
  • Jul 24, 2012 3:45pm Jul 24, 2012 3:45pm
Quoting profxtrader
While not one to call bottoms and tops, if you look at the charts of the EURUSD and USDCHF on the monthly and weekly respectively some serious confluence points emerge.

EURUSD monthly is approaching a monthly trend line, the 200 SMA and just below the 50 all time retracement level.

Attachment

USDCHF weekly is right at the 61.8 retracement level, the 200 SMA and support turned resistance.

Attachment

Should make for interesting trading.

good evening to you,

you might want to think twice about using a 200ma on Monthly EU - as that is 16+ years and EU has only been around since 1999
  • #812
  • Jul 24, 2012 4:04pm Jul 24, 2012 4:04pm
Quoting KillerWhale
Short @ 1.2130, will add more if it goes up
Good night traders, sorry for being less active past days, busy at work and Microsoft workshops, so currently I analyse the market at the end of the day (around 00:00), adjusting targets and positions, and miss the Gold entries .
Probably the next few weeks will be like that, except for Fridays, I don't work on Fridays, in a way, trading which my wife thinks that I am doing nothing, just staring at the monitor.
Though I am short since it couldn't break above previous last week lows, 1 target is taken, added more pips with current and added more shorts (@2063), the same for Aussie.
The cable, it is at either the supporting zone or it breaches it.
  • #813
  • Jul 24, 2012 4:37pm Jul 24, 2012 4:37pm
Quoting MaxDoom
good evening to you,

you might want to think twice about using a 200ma on Monthly EU - as that is 16+ years and EU has only been around since 1999
Well do you know where the price data from the pre 1999 introduction comes from?
Every time you use 'hopium' in a post, God kills a kitten.
  • #814
  • Jul 24, 2012 6:57pm Jul 24, 2012 6:57pm
Sterling geting ready for data?

http://s18.postimage.org/5pq0zri4p/gbp.gif
upload pictures
swing it!
  • #815
  • Jul 24, 2012 7:03pm Jul 24, 2012 7:03pm
I just realised that bearish H&S should come after uptrend
swing it!
  • #816
  • Jul 24, 2012 11:52pm Jul 24, 2012 11:52pm
Quoting tomspin
I just realised that bearish H&S should come after uptrend
Tom,

Try avoid GU thread,never post in there anymore..to many noise and ego/sick members since that faker comes,,


cheers
If there was easy money lying around,no one would be forcing it into your
  • #817
  • Jul 25, 2012 1:15am Jul 25, 2012 1:15am
Quoting MaxDoom
we are hitting a confluence of targets here for me.
1.2067 was my end of target zone one as mentioned this morning.

Looking at the Hourly I get primary targets for 1.204x therefore I am now looking for at least some modest retrace especially given the time of day.
morning all,

Nice to see that EU stopped at 1.2041 last night

I have a small long in place on BE and I won't be biased in direction, but not really looking to add shorts so if it goes south I will probably stand aside.
  • #818
  • Edited 1:31am Jul 25, 2012 1:25am | Edited 1:31am
I had some dental work done yesterday and I'm not in a very good mood.

If you have been reading this thread, the chart I post will be familiar to you. It speaks for itself.

1325 S&P500....EURUSD1.2067.....lines in the sand....shit or get off the pot.

EURUSD tech says bounce due.... S&P chart says we are all going to hell in a hand basket if 1325 breaks. The Bernanke can see a break of 1325 just as clearly as we can....

Official "actions" may lead us higher....or not.

Can you say, "inflection point?"
Attached Image (click to enlarge)
Click to Enlarge Name: S&P500.png Size: 14 KB
  • #819
  • Jul 25, 2012 1:40am Jul 25, 2012 1:40am
Looking to see if I have a trade opportunity here or not

The recent drop from 677x to 631x represents a 50% correction of the move up from 591x to 677x.

It also represents a 62% correction of the move up from 609x to 677x. both of those moves up being the latest swings to count a correction against.

Projecting targets for a possible correction to complete against both those moves I get near identical primary target zone of 634x to 631x and the price just hit 6317 yesterday.

So taken a small long entry here and will look to build if it moves in my favour.
Attached Image (click to enlarge)
Click to Enlarge Name: a1.png Size: 41 KB
  • #820
  • Jul 25, 2012 2:15am Jul 25, 2012 2:15am
I took a small long at 1.2093 off my range bar chart... which is more of a swing trade... two days to hold average chart.
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