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EURUSD

  • #679,141
  • Aug 13, 2012 2:31am Aug 13, 2012 2:31am
Quoting Snaptrade
thanks will factor this in

1.2315 or 1.315 ?
“Don't cry because it's over, smile because it happened.”
  • #679,142
  • Aug 13, 2012 2:34am Aug 13, 2012 2:34am
Quoting balanced2012
1.2315 or 1.315 ?
I would think a closer shorting opportunity between the two is 1.2315?
  • #679,143
  • Aug 13, 2012 2:35am Aug 13, 2012 2:35am
Quoting balanced2012
1.2315 or 1.315 ?
1.2315
Fall seven times, stand up Eight! #GGMU
  • #679,144
  • Aug 13, 2012 2:37am Aug 13, 2012 2:37am
the bounce a expected to happen around 2294 has happened..lets see where we go next
  • #679,145
  • Aug 13, 2012 2:41am Aug 13, 2012 2:41am
Quoting vickym
1.2315

dont think we are going there !!!!
“Don't cry because it's over, smile because it happened.”
  • #679,146
  • Aug 13, 2012 2:44am Aug 13, 2012 2:44am
Quoting balanced2012
dont think we are going there !!!!
Right. It may not reach the level today, but that looks a strong supply level to me and I will keep a watch on it.

For now, looks like another bounce may happen near the TL and demand level
Attached Image (click to enlarge)
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Fall seven times, stand up Eight! #GGMU
  • #679,147
  • Aug 13, 2012 2:46am Aug 13, 2012 2:46am
Quoting balanced2012
dont think we are going there !!!!
We will , maybe touch 1.23250 too . Notice that Buyers are still sidelining , they haven't joined yet.

I would love to long from 1.22590 but i have a feeling that the earlier bounce from 590 was not big enough to make a new high low , so it should try 420 for more fuel.

Good morning Everyone
"It's the Margin, Stupid."
  • #679,148
  • Aug 13, 2012 3:13am Aug 13, 2012 3:13am
long @ 83 tp 2307
Sometimes it's better to be wrong,to learn..
  • #679,149
  • Aug 13, 2012 3:18am Aug 13, 2012 3:18am
Quoting KiNgEdwarD
long @ 83 tp 2307
good luck for me am sticking with my short
  • #679,150
  • Aug 13, 2012 3:21am Aug 13, 2012 3:21am
Quoting elderfest
good luck for me am sticking with my short
me too..TP at 1.2260/40...
  • #679,151
  • Aug 13, 2012 3:23am Aug 13, 2012 3:23am
e/u going to fridays low 2240 and possible test 2200 in my opinion
More on my Blog...
  • #679,152
  • Aug 13, 2012 3:24am Aug 13, 2012 3:24am
Boring... hopefully it won't be soon.
Attached Image (click to enlarge)
Click to Enlarge Name: EU1hr8-13-2012.jpg Size: 162 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #679,153
  • Aug 13, 2012 3:24am Aug 13, 2012 3:24am
Quoting elderfest
good luck for me am sticking with my short
good luck to you but h4 macd showing up direction
Sometimes it's better to be wrong,to learn..
  • #679,154
  • Aug 13, 2012 3:24am Aug 13, 2012 3:24am
Quoting vickym
Right. It may not reach the level today, but that looks a strong supply level to me and I will keep a watch on it.

For now, looks like another bounce may happen near the TL and demand level
how do u determine that supply leven and demand level? i still dont get that technique.
i got support resistance but how to get where is supplly/demand???
  • #679,155
  • Aug 13, 2012 3:25am Aug 13, 2012 3:25am
Took a long at EU 1.2289 for 10 pips scalp..
Forex Learner
  • #679,156
  • Aug 13, 2012 3:26am Aug 13, 2012 3:26am
Come on Baby... Let's get Dance....
  • #679,157
  • Aug 13, 2012 3:27am Aug 13, 2012 3:27am
Quoting KiNgEdwarD
long @ 83 tp 2307
isnt it safer to short 2307 TP at 2290?? tomorow bad data about german/french GDP is expected.
  • #679,158
  • Aug 13, 2012 3:30am Aug 13, 2012 3:30am
Quoting Trader88q
isnt it safer to short 2307 TP at 2290?? tomorow bad data about german/french GDP is expected.
this is "today",and today its pointing towards 2330 min ,i think so
these news are tomorrow not today
Sometimes it's better to be wrong,to learn..
  • #679,159
  • Aug 13, 2012 3:30am Aug 13, 2012 3:30am
Quoting Trader88q
how do u determine that supply leven and demand level? i still dont get that technique.
i got support resistance but how to get where is supplly/demand???
Look for places where price made a reversal. The faster the reversal happened, and the longer the reversal lasted (if the move holds and doesn't get faded quickly) and the more pips the move made ( 200 pips instead of 50 is much stronger), the stronger that the support/demand is level is.


Here look at the areas I circled to see what I mean.

Works best on higher TFs, my personal favorite is 4hr.

Edit: Also, the more times it has made a reversal off a level, the stronger that level is.

2330 is an even better example than 2220 (the circles on my chart)
Attached Image (click to enlarge)
Click to Enlarge Name: EU-4hr-8-12-2012.jpg Size: 219 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #679,160
  • Aug 13, 2012 3:31am Aug 13, 2012 3:31am
Quoting Trader88q
how do u determine that supply leven and demand level? i still dont get that technique.
i got support resistance but how to get where is supplly/demand???
I try to find levels (not a specific price) where price has reacted strongly. These are the levels that matter to me...

You can watch Sam Seiden's webinars to understand this concept better. Some of them are available for download here

http://www.forexfactory.com/showthre...48#post5825848
Fall seven times, stand up Eight! #GGMU
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