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  • #1,041
  • Jul 30, 2012 4:20am Jul 30, 2012 4:20am
Hey Max
I see two levels today for long 1,2230/20 and 1,2160/71 what I am "worried" about is nice sync going on across the board, maybe it is just a retrace for a few to find a better/stronger barrier to buy.
I actually changed my target for 1875 now as this could be that swing which FXM was talking about.
I secured euro on BE so nothing to loose for me.
Good luck mate, this week will be crazy
swing it!
  • #1,042
  • Jul 30, 2012 4:47am Jul 30, 2012 4:47am
Hi Guys...
The technical mid-term view favors bulls, while common sense supports bearish scenarios.
Last week I burnt few pips trading common sense instead of what my chart brings.
It looks common sense and trading does not go along.
Bulls have generated nice BUY signals on weekly and Daily charts, and they will probably want to continue its rally.
I am expecting some retracement to 1.2200 area , then price is going to tell us who's the winner.
This is why for this week I will consider two scenarios.
The BULLISH one is after a pull back bulls attack resistance line, making this way nice H&S.
The BEARISH is price breaks 1.2200 and retest previous lowest low.
Below two charts and nice video Jason Stapleton's analysis

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Inserted Video


-
Read Charts - Not Papers
  • #1,043
  • Jul 30, 2012 5:19am Jul 30, 2012 5:19am
A typical slow monday grinding towards the target with few hiccups to give bulls false sense of security - 2244/50 is next
swing it!
  • #1,044
  • Jul 30, 2012 5:58am Jul 30, 2012 5:58am
Quoting tomspin
A typical slow monday grinding towards the target with few hiccups to give bulls false sense of security - 2244/50 is next
I'm on a small buy from 64. Target is extremely long term, SL is at 2150, TP around 1.26 . This is either the turning point(imo) in sentiment, or just another one down to 1.20.

Anyway, it's more of a gamble trade regarding my sentiment and the 200 SMA bounce in monthly. We'd wait and see.
Please, just slap me around if I'm being silly ...
  • #1,045
  • Jul 30, 2012 6:05am Jul 30, 2012 6:05am
Quoting daemon_delux
I'm on a small buy from 64. Target is extremely long term, SL is at 2150, TP around 1.26 . This is either the turning point(imo) in sentiment, or just another one down to 1.20.

Anyway, it's more of a gamble trade regarding my sentiment and the 200 SMA bounce in monthly. We'd wait and see.
Decisions, decisions

I don't want to sound like biased muppet but we started week off daily pivot, this typically mean first support to be touched by the end of the session unless it is a really choppy day. I am focused on daily & H4 chart - direction wise. I could be wrong of course but we are about 30 pips from that so I would be willing to switch sides near 44/30 - still holding my short.
Good luck buddy
swing it!
  • #1,046
  • Jul 30, 2012 6:49am Jul 30, 2012 6:49am
Quoting tomspin
Decisions, decisions

I don't want to sound like biased muppet but we started week off daily pivot, this typically mean first support to be touched by the end of the session unless it is a really choppy day. I am focused on daily & H4 chart - direction wise. I could be wrong of course but we are about 30 pips from that so I would be willing to switch sides near 44/30 - still holding my short.
Good luck buddy
You two, bud It might touch your point before mine, but that wouldn't count too much on my behalf, so green pips already said it's a medium to long term target.
Please, just slap me around if I'm being silly ...
  • #1,047
  • Jul 30, 2012 7:01am Jul 30, 2012 7:01am
http://s18.postimage.org/67uqfjbw9/euro.gif
picture hosting
swing it!
  • #1,048
  • Jul 30, 2012 7:23am Jul 30, 2012 7:23am
Right
so we are almost at the first TP point - 1,2231 I would expect some up move from this point ideally to 2270.
next in line is 1,2200 and 1,2160
swing it!
  • #1,049
  • Jul 30, 2012 7:27am Jul 30, 2012 7:27am
Didn't get far with my long but picked up the next break low here

still looking for pullback ideally around 1.221x
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  • #1,050
  • Jul 30, 2012 8:30am Jul 30, 2012 8:30am
Hourly support which break earlier turn become resistance right now @ 1.2254
If there was easy money lying around,no one would be forcing it into your
  • #1,051
  • Jul 30, 2012 8:39am Jul 30, 2012 8:39am
established a new long position here - target zone now 1.243x to 1.249x
  • #1,052
  • Jul 30, 2012 8:43am Jul 30, 2012 8:43am
PO Long

@ 1.2257 Stop @ 1.2224 Risk 1% TP : Open
If there was easy money lying around,no one would be forcing it into your
  • #1,053
  • Jul 30, 2012 9:35am Jul 30, 2012 9:35am
Quoting FXMindset
PO Long

@ 1.2257 Stop @ 1.2224 Risk 1% TP : Open
Closed @ BE
If there was easy money lying around,no one would be forcing it into your
  • #1,054
  • Jul 30, 2012 9:38am Jul 30, 2012 9:38am
Quoting FXMindset
Closed @ BE
We could go east from here as most of the move (main) is done for today imo.
swing it!
  • #1,055
  • Jul 30, 2012 9:57am Jul 30, 2012 9:57am
Quoting tomspin
We could go east from here as most of the move (main) is done for today imo.
nothing to see to much I am see from today mate,1 hour more london close
so am close the trade today,dont want force myself for trade

have a nice day
If there was easy money lying around,no one would be forcing it into your
  • #1,056
  • Jul 30, 2012 10:00am Jul 30, 2012 10:00am
Quoting FXMindset
nothing to see to much I am see from today mate,1 hour more london close
so am close the trade today,dont want force myself for trade

have a nice day
Agree, I wish to see NY to push her below 1,2220 today so 2165 will be much closer for tommorow.
Have a good one
swing it!
  • #1,057
  • Jul 30, 2012 10:03am Jul 30, 2012 10:03am
Good day to you,

Hope all doing fine.

Was in and out of the office today. Took a few shorts as we went. Daily shows "weakness" still. But could be from higher up - so now stepping aside and will wait for 4hr to show it's hand. No longs for me at this point.

Regards
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  • #1,058
  • Jul 30, 2012 10:07am Jul 30, 2012 10:07am
Good day Tau

As I said I wish NY would push here a bit more before close - H4 would form nice LL's one by one - something bears always like. Seems like daily building nice pattern so far. Big moves about to happen this week I am planning to be on the right side
swing it!
  • #1,059
  • Jul 30, 2012 10:10am Jul 30, 2012 10:10am
Quoting tomspin
Good day Tau

As I said I wish NY would push here a bit more before close - H4 would form nice LL's one by one - something bears always like. Seems like daily building nice pattern so far. Big moves about to happen this week I am planning to be on the right side
Yes - possible.

Let us see what she wants to do. All the best with the shorts!

Regards
  • #1,060
  • Jul 30, 2012 10:15am Jul 30, 2012 10:15am
well just halved a very nice Dax trade

still waiting for EU to move
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