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  • #676,361
  • Aug 7, 2012 12:56am Aug 7, 2012 12:56am
Quoting sidhujag
careful this pa stinks... its mt4 brokers and other market makers trying to screw over as many retailers as possible.
What did I say about the stupid PA, no way you can pick direction right now its gambling.

Stay out until volume comes.
  • #676,362
  • Aug 7, 2012 12:57am Aug 7, 2012 12:57am
Careful longs still need to tackle 2395

I still think 83 will break but below that is 74/77 anyway (my 1/2 tp)
Be hopeful in a winning position, and fearful in a losing position.
  • #676,363
  • Aug 7, 2012 12:58am Aug 7, 2012 12:58am
Let me take you there

Inserted Video
"It's the Margin, Stupid."
  • #676,364
  • Aug 7, 2012 12:59am Aug 7, 2012 12:59am
Quoting GnarlyPips
Price could break out of an inverse H&S on the 4H, I believe. I'd just ride the wave, see what it gives me.
i see the inverted shoulder you're talking about but the bull flag remains in my opinion, the pattern seems a lot stronger and should continue from its previous trend. Although it hasn't made new highs in about 24 hours it also hasn't made lower lows. Just my .02 cents. suerte!
  • #676,365
  • Aug 7, 2012 1:01am Aug 7, 2012 1:01am
Quoting mohan76
glue your eye to pa
I have with superglue but for how long? i cant drink my coffee now
  • #676,366
  • Aug 7, 2012 1:02am Aug 7, 2012 1:02am
yep, don't take my word for it. its tearing through it. hopefully doesn't close there but my stop loss was already hit. oh well
  • #676,367
  • Aug 7, 2012 1:02am Aug 7, 2012 1:02am
Quoting NewbTrader7
i see the inverted shoulder you're talking about but the bull flag remains in my opinion, the pattern seems a lot stronger and should continue from its previous trend. Although it hasn't made new highs in about 24 hours it also hasn't made lower lows. Just my .02 cents. suerte!
I'm not really getting what you're saying. If price breaks upwards of the flag, that would very well mean a breakout for the iH&S. Both breakouts are the same way.

I also found another, but smaller, iH&S on the 4H, and it's the head of the bigger iH&S. Hmmm...
Play the players, not the cards.
  • #676,368
  • Edited 1:19am Aug 7, 2012 1:08am | Edited 1:19am
Quoting Rag2RichesFX
Careful longs still need to tackle 2395

I still think 83 will break but below that is 74/77 anyway (my 1/2 tp)
Took it manually at 80 (from 01 so +11, because its half)

It's going to test 85 I think
Be hopeful in a winning position, and fearful in a losing position.
  • #676,369
  • Aug 7, 2012 1:13am Aug 7, 2012 1:13am
Morning all! Watching 2367 level
  • #676,370
  • Aug 7, 2012 1:17am Aug 7, 2012 1:17am
Quoting BlueGas
Morning all! Watching 2367 level
2366 - 2340 good places to build longs
  • #676,371
  • Aug 7, 2012 1:28am Aug 7, 2012 1:28am
Took short from 23855, targeting 2367, nice fakie
  • #676,372
  • Aug 7, 2012 1:32am Aug 7, 2012 1:32am
trend down trying short till 1.2355
  • #676,373
  • Aug 7, 2012 1:36am Aug 7, 2012 1:36am
Quoting roreki
2366 - 2340 good places to build longs
thanks, looking strong to me too

  • #676,374
  • Aug 7, 2012 1:36am Aug 7, 2012 1:36am
Quoting unclenna
Remember 85% means for every 10 trades you will always have at least 7 wins.......Think about this and stop jumping from one system to another........Have a nice trading day ahead.

Am on SHORT for EU @ 1.23875......if you care you can join me for 40 pips take profit from the entry point.
:nerd: you are asking those who care to join your trade and also advising them not to jump from one system to the other.
trading live like a demo...
  • #676,375
  • Aug 7, 2012 1:36am Aug 7, 2012 1:36am
Quoting BlueGas
Took short from 23855, targeting 2367, nice fakie
personally i think bull start to build momentum .. why taking short now? it;s too late i guess.. btw, london open will give more clues where' this pair heading.. Good Luck anyway peace
  • #676,376
  • Aug 7, 2012 1:38am Aug 7, 2012 1:38am
morning,

I am still short from yesterday @ 1.2403 but I have to say that once again it failed to hit the target zone 1.245x to 1.254x for the correction of the 1.274x to 1.204x swing down.

So this give me the same issue as yesterday, correction could be a short one and therefore over, or we may still see a push into the target zone before we figure out the next move.

I favour the short but the PA didn't back that up yesterday so have to be very open minded today not to get trapped by bias.
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  • #676,377
  • Aug 7, 2012 1:39am Aug 7, 2012 1:39am
Quoting rokokdaun
personally i think bull start to build momentum .. why taking short now? it;s too late i guess.. btw, london open will give more clues where' this pair heading.. Good Luck anyway peace
I agree with that however its still quite bearish on smaller TFs up to 30m. Even 1hr is bearish until a break above 1.2405s, IMO
Be hopeful in a winning position, and fearful in a losing position.
  • #676,378
  • Aug 7, 2012 1:41am Aug 7, 2012 1:41am
Quoting rokokdaun
personally i think bull start to build momentum .. why taking short now? it;s too late i guess.. btw, london open will give more clues where' this pair heading.. Good Luck anyway peace
You could be right, but i think we will go for at least another low if you look at 1min tf
  • #676,379
  • Aug 7, 2012 1:45am Aug 7, 2012 1:45am
Quoting MaxDoom
morning,

I am still short from yesterday @ 1.2403 but I have to say that once again it failed to hit the target zone 1.245x to 1.254x for the correction of the 1.274x to 1.204x swing down.

So this give me the same issue as yesterday, correction could be a short one and therefore over, or we may still see a push into the target zone before we figure out the next move.

I favour the short but the PA didn't back that up yesterday so have to be very open minded today not to get trapped by bias.
I was short also yesterday @ 2423, but took profit 2385, now waiting for 2367, for pos long,agreed, dont be stupborn
  • #676,380
  • Aug 7, 2012 1:45am Aug 7, 2012 1:45am
hello all looking for a pullback to 1.2290 pending buy tp around 1.2500 -1.2530 area.

bulls have to be getting tired running on this tread mill going no where. a nice rug pull to that level might help.
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