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EURUSD

  • #674,241
  • Aug 2, 2012 1:37am Aug 2, 2012 1:37am
Long @

EUR = 1.2240
GBP = 1.5546
  • #674,242
  • Aug 2, 2012 1:38am Aug 2, 2012 1:38am
AU Bullish candle rejected by the 4hr - 21 EMA ....Pls buyers beware....
  • #674,243
  • Aug 2, 2012 1:39am Aug 2, 2012 1:39am
I had a pending Long at 22300 and Tp at 22600 , i woke up and close the position at 22450. I'm waiting for 22170 to enter Long again , My SL 122250

Good morning to all
"It's the Margin, Stupid."
  • #674,244
  • Aug 2, 2012 1:42am Aug 2, 2012 1:42am
Quoting johncen
another day of struggle before ECB press?

still holding short 2325 and some UJ long from 78.10...

partial bank... sl moved to BE...

thankyou to Bernanke

i made big long and quick be , it's stop out for +0.1 ,
(i can get 0.4 pip rebate )
Mohan
  • #674,245
  • Aug 2, 2012 1:43am Aug 2, 2012 1:43am
Quoting Dayboy001
morning all,


Morning 2 u 2
Loosening is not an option
  • #674,246
  • Aug 2, 2012 1:44am Aug 2, 2012 1:44am
Quoting Dayboy001
Long @

EUR = 1.2240
GBP = 1.5546
do you mean to long EGR and GBP...... I don't think I will do that......EU and GU will fall more.......
My first take profit for GU is 1.54217 while for EU is 1.21272.....
  • #674,247
  • Aug 2, 2012 1:51am Aug 2, 2012 1:51am
I have two scalp setups for now:

SELL

1.2260 target 1.2220, 1.2200

BID

1.2200
1.2180

So for now I just sit out. There is no race here.

Keep it simple
  • #674,248
  • Aug 2, 2012 1:54am Aug 2, 2012 1:54am
current PA is corrective of the move up from 1.204x to 1.238x

the target zone for that correction is 1.219x to 1.215x in the middle of which is the significant 1.217x

my trade plan therefore is shorts below 1.2280 for target zone.

then long for initial target zone of 1.242x to 1.249x
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  • #674,249
  • Aug 2, 2012 2:00am Aug 2, 2012 2:00am
Spanish Unemployment Net (000s) (Jul) M/M -27.8 (Prev. -98.9)
Mohan
  • #674,250
  • Aug 2, 2012 2:00am Aug 2, 2012 2:00am
Quoting MaxDoom
current PA is corrective of the move up from 1.204x to 1.238x

the target zone for that correction is 1.219x to 1.215x in the middle of which is the significant 1.217x

my trade plan therefore is shorts below 1.2280 for target zone.

then long for initial target zone of 1.242x to 1.249x
Funny thing when you look at the same chart and see something different. Why not it is an upward trend and corrective is actually wave two correction or maybe 4 since it Zigzaged a bit ... ?!
"It's the Margin, Stupid."
  • #674,251
  • Aug 2, 2012 2:04am Aug 2, 2012 2:04am
Quoting Vachus
Funny thing when you look at the same chart and see something different. Why not it is an upward trend and corrective is actually wave two correction or maybe 4 since it Zigzaged a bit ... ?!
it's not funny this how market work,. if every one decide to sell market not able to fill single order
Mohan
  • #674,252
  • Aug 2, 2012 2:07am Aug 2, 2012 2:07am
[email protected] Tp:1.2217
PRICE ACTION is the only real time indicator.
  • #674,253
  • Aug 2, 2012 2:08am Aug 2, 2012 2:08am
Quoting Dayboy001
Long @

EUR = 1.2240
GBP = 1.5546
added GBP @ 1.5537

stop just below lows
  • #674,254
  • Aug 2, 2012 2:17am Aug 2, 2012 2:17am
Mercy_seat:

I have a question. I went short EURUSD at 1.22457 because of a) various boring technical reasons and b) because the first 5m candle of the london session closed red (meaning "negative"). What would you say? Can watching the close of the first 5M-candle of the London session serve as a valid and meaningful confirmation to a short/long bias you already have or is it no better than reading tea leaves?
  • #674,255
  • Aug 2, 2012 2:20am Aug 2, 2012 2:20am
No ... but the funny thing is to observe how they interprete and read the charts ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #674,256
  • Aug 2, 2012 2:20am Aug 2, 2012 2:20am
Quoting shutto
+35pips on gbp/usd
-31pips on eur/usd(buy)
+33pips on eur/usd(sell)
Sell GBP/JPY @122.60 TP-122.00,SL-123.05
SELL EUR/USD @1.2213 TP-1.2185 SL-1.2250
WISH YOU GOOD LUCK...
+37PIPS THIS MONTH..
  • #674,257
  • Aug 2, 2012 2:21am Aug 2, 2012 2:21am
Quoting mercy seat
No ... but the funny thing is to observe how they interprete and read the charts ...




;-|
"It's the Margin, Stupid."
  • #674,258
  • Aug 2, 2012 2:22am Aug 2, 2012 2:22am
Quoting Vachus
Funny thing when you look at the same chart and see something different. Why not it is an upward trend and corrective is actually wave two correction or maybe 4 since it Zigzaged a bit ... ?!

the last swing was UP 1.204x to 1.238x so it is a correction of that move at this time also supported by the very over-lapping nature of the moves I have labelled TE-wA and wA-wB and now wB-wC in progress.

For sure there is a chance that the correction has ended yesterday at that low of 1.221x and the unfolding PA will establish that (why I said shorts below 1.2280 and not at any price)
however, this is a correction of a first pullback after a long downtrend and they tend to be deeper rather than shallow corrections so 50%-78%
and if it ended at 1.211x now that would be shallow compared to the end point of wA
and as you can see from my chart my targeting software suggests deeper also and that tends to be very accurate.

If it was a two wave correction then price would have continued up after wB but it has now breached the low of wA.

Now also look at the PA since the recent high of 1.238x and you can see that it is forming a corrective flag at this time.

I am simply working on probability and standard correction analysis and you are most welcome to opposing views
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  • #674,259
  • Aug 2, 2012 2:31am Aug 2, 2012 2:31am
Now which one scenario is more likely until ECB?
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  • #674,260
  • Aug 2, 2012 2:32am Aug 2, 2012 2:32am
Wave 5 ended yesterday 2208 and the trend reversed with up ward in the morning 2 clock ... if you have a look on 1 Minute chart and zoomed out , you will see what i mean !

However , i might be wrong and you are right ! especially, that your analyze make sense on some level

Good luck

Update : closed my long for 17 pips and looking for an opportunity to go long again or see where the market is going
"It's the Margin, Stupid."
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oggalan