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  • #921
  • Jul 26, 2012 5:20am Jul 26, 2012 5:20am
2220/40 shouldn't be a problem now unless somebody decide to fart
swing it!
  • #922
  • Jul 26, 2012 5:21am Jul 26, 2012 5:21am
Quoting tomspin
By looking at PA & Candles market sets itself for that, example - double bottom on Dax and weakness in euro around daily pivot point, plenty of examples around. I will make a post at some point about candles & how they show market direction before important news - talking about price in, based on expectations.
Nice

I will look forward to reading that

my gold is toast, but still long Dax and EU
  • #923
  • Jul 26, 2012 5:21am Jul 26, 2012 5:21am
Quoting MaxDoom
now thats timing
Ha. Nice Don't you love it when you get to instantly move your stop up? Free trade!
  • #924
  • Jul 26, 2012 5:24am Jul 26, 2012 5:24am
EUR/USD has a money shot short coming up at 1.21800.

200 EMA line, as well as daily gmt R1 and weekly central pivot.

The way price is moving along right now, though.. might be best to avoid shorts.

https://dl.dropbox.com/u/92786022/chart.gif
  • #925
  • Jul 26, 2012 5:25am Jul 26, 2012 5:25am
Good Morning Everybody
I have three potential levels for shorting.
The one we are on right now seemed to be solid (1.21600),
however I'd opt more for level "Short3" on my chart as the last bastion
for bulls to give up, and the best place for shorting today.
I'll be watching price action on those levels and then I'll make my decission

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Read Charts - Not Papers
  • #926
  • Jul 26, 2012 5:29am Jul 26, 2012 5:29am
Quoting MaxDoom
I will look forward to reading that

my gold is toast, but still long Dax and EU
Hold it Max 6545, 6562,80 should be an achieveable targets
6487 as a safe one me thinks.
I am selling swissy from 0,9880 I will add another one under 0,9847 if PA allow.
Good luck
swing it!
  • #927
  • Jul 26, 2012 5:33am Jul 26, 2012 5:33am
Quoting MaxDoom
Long EU 1.2129
1st target zone reached so closed half, will reload it on pull back
  • #928
  • Jul 26, 2012 5:38am Jul 26, 2012 5:38am
I need 2234 to make 1.5 Risk/Reward.... just a little more....
  • #929
  • Jul 26, 2012 5:45am Jul 26, 2012 5:45am
Quoting halkins
Good Morning Everybody
I have three potential levels for shorting.
The one we are on right now seemed to be solid (1.21600),
however I'd opt more for level "Short3" on my chart as the last bastion
for bulls to give up, and the best place for shorting today.
I'll be watching price action on those levels and then I'll make my decission

Attachment
Hi Halkins
Funny how still that 2220 is a level of interest, all of those levels with nice weakness in the backgroung are good to short,
2320 in play this time for me - hopium will at least for now with much need it bounce.
swing it!
  • #930
  • Jul 26, 2012 5:46am Jul 26, 2012 5:46am
Quoting C5fx
Ha. Nice Don't you love it when you get to instantly move your stop up? Free trade!

oh yes I do


EU pausing at 62% level of the correction 1.232x to 1.204x

IF it can make it through to 1.226x before a proper pull back then I would expect a dip back to 1.221x before it takes out 1.232x

otherwise this could just end as a correction, especially if we now go below 1.2170
  • #931
  • Jul 26, 2012 5:52am Jul 26, 2012 5:52am
Gold broke channel,
1615
1625
swing it!
  • #932
  • Jul 26, 2012 5:56am Jul 26, 2012 5:56am
Quoting Crassius
I need 2234 to make 1.5 Risk/Reward.... just a little more....

Got my fill.... +2%
  • #933
  • Jul 26, 2012 5:59am Jul 26, 2012 5:59am
Quoting Crassius
Got my fill.... +2%

a good entry for pull back but whats your target ?

I should add brave as well
  • #934
  • Edited 6:12am Jul 26, 2012 6:01am | Edited 6:12am
Yesterday amid strong signs of smart money buying I said,

Quoting Crassius

But Ben isn't the only piper that has ended up being the slave to market forces.... I'm also thinking of "official" buying of Spanish bonds
because "the markets are not functioning" .

"markets are not functioning" is politispeak for, They are not buying our bullshit anymore, so we will, and prove to them that our shit has worth.

I'm smelling smart money buying the rumor.

Today Draghi says,

European Central Bank President Mario Draghi signaled that officials are prepared to do whatever is needed to preserve the euro and act on surging bond yields that are tearing at the seams of the 17-nation currency bloc.
“To the extent that the size of these sovereign premia hamper the functioning of the monetary policy transmission channel, they come within our mandate,” Draghi said

The smart money was buying yesterday at 1.2080.
  • #935
  • Jul 26, 2012 6:03am Jul 26, 2012 6:03am
Quoting profxtrader
I'm going to post this in here because it seems like one of the only FF threads where people intelligently speak about trading despite disagreements on their bias. That said, based on the charts I posted a few pages back I'm going to post this:

On recently established EURUSD longs, I'm holding them until somewhere in the 1.29XX - 1.30XX area.

Reasons: Tons of divergences on the EURUSD Daily. Euro already turning against many pairs. USDCHF also in a similar situation to the EURUSD, CHF turning against currencies it was the weakest against. Recent...
You must have special pants for those balls of yours, don't you?
Kudos


Forgot to add that now you have your fundamental reason behind that push
swing it!
  • #936
  • Jul 26, 2012 6:03am Jul 26, 2012 6:03am
Quoting MaxDoom
a good entry for pull back but whats your target ?

I should add brave as well

That was my TP at 2234... I'm flat..... +2%

I am playing a breakout strategy so no buying on dips for me.... I just have to be patient and wait for the next breakout signal...

Won't be today....
  • #937
  • Jul 26, 2012 6:04am Jul 26, 2012 6:04am
Quoting MaxDoom
oh yes I do

EU pausing at 62% level of the correction 1.232x to 1.204x

IF it can make it through to 1.226x before a proper pull back then I would expect a dip back to 1.221x before it takes out 1.232x

otherwise this could just end as a correction, especially if we now go below 1.2170
wow just pushed right through there to 78% I would like to see that pullback now to put some more on
  • #938
  • Jul 26, 2012 6:04am Jul 26, 2012 6:04am
Quoting Crassius
That was my TP at 2234... I'm flat..... +2%

I am playing a breakout strategy so no buying on dips for me.... I just have to be patient and wait for the next breakout signal...

Won't be today....
  • #939
  • Jul 26, 2012 6:16am Jul 26, 2012 6:16am
Will 2285 hold it back.... ??? We have come a long way...
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  • #940
  • Jul 26, 2012 6:21am Jul 26, 2012 6:21am
Quoting Crassius
Will 2285 hold it back.... ??? We have come a long way...

maybe just gone flat on EU waiting for pullback then re-enter

Dax just shy of my target zone 651x to 656x so taken some off that as well

lots of pips, kicking myself for not taking the oil breakout though
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