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  • #15,481
  • Aug 24, 2012 4:20am Aug 24, 2012 4:20am
More interesting is cable.

Look #15472
  • #15,482
  • Edited 4:34am Aug 24, 2012 4:21am | Edited 4:34am
Quoting T@rantula
For a scalp it can go thru...but the momentum has shifted slightly to upside.

4h is bearish but m15 and m30 are bullish. This might be good for a long setup @ 2545 with 15 pip stop, but the price is compressed.
Thanks for your insight. I adjusted SL to PP after realizing I went in too early. Now first target was hit.
  • #15,483
  • Aug 24, 2012 4:35am Aug 24, 2012 4:35am
Quoting hfcgII
Thanks for your insight. I adjusted SL to PP after realizing I went in too early. Now first target was hit.
I manully closed the second position now. Nothing realy happening anymore for that set up.
  • #15,484
  • Aug 24, 2012 4:46am Aug 24, 2012 4:46am
Quoting hfcgII
I manully closed the second position now. Nothing realy happening anymore for that set up.
NOTHING...PA is crawling and its Friday. Its still august, it will be better in september.
  • #15,485
  • Aug 24, 2012 5:02am Aug 24, 2012 5:02am
Quoting T@rantula
More interesting is cable.

Look #15472
I used the chance now to get in @ 5850
TP @ 5830
SL @ 5865
Attached Image
  • #15,486
  • Aug 24, 2012 5:07am Aug 24, 2012 5:07am
Quoting T@rantula
NOTHING...PA is crawling and its Friday. Its still august, it will be better in september.
I havent been that long in FX-Trading but I've heard a lot about August-trading already.

Do you expect some volatility in a couple of hours due to profit taking? I can imagine there are a lot of longs to be closed today.
  • #15,487
  • Aug 24, 2012 6:27am Aug 24, 2012 6:27am
Quoting hfcgII
I havent been that long in FX-Trading but I've heard a lot about August-trading already.

Do you expect some volatility in a couple of hours due to profit taking? I can imagine there are a lot of longs to be closed today.

Yes profit taking could bring this lower. I expect more volatility after US data release today.

Cable setup was valid.

#15472
  • #15,488
  • Aug 24, 2012 6:28am Aug 24, 2012 6:28am
Quoting hfcgII
I used the chance now to get in @ 5850
TP @ 5830
SL @ 5865
Closed.
  • #15,489
  • Aug 24, 2012 6:40am Aug 24, 2012 6:40am
Quoting hfcgII
Closed.
  • #15,490
  • Aug 24, 2012 6:48am Aug 24, 2012 6:48am
Quoting T@rantula
Thanks! I just followed you (more or less) on this one.
  • #15,491
  • Aug 27, 2012 2:15am Aug 27, 2012 2:15am
Good morning all.

Today volatility wont be as high due to UK banks holiday.

On EU chart shorting close to 2515 could be an option as we have 2525 as resistance so its 10-15 pips stop with 2470 as a target.

If it breaks up wait for 2540 as a second short setup. It could mean a range play then.
  • #15,492
  • Aug 27, 2012 7:04am Aug 27, 2012 7:04am
Hi T,

How its hanging Peeked a little at the thread as i am at my holiday till 5.9 then back to work.

Do you possible know anything on future market if it is better to trade it?
Im considering to go to future micro contract of euro.. But dont know anything about it... Did just send the request for the commission policy...

Nice to see your still conducting a nice thread Keep it up.

Probably everyone are enjoying there vacation considering the activity
  • #15,493
  • Aug 27, 2012 8:13am Aug 27, 2012 8:13am
Quoting Vladimir1987
Hi T,

How its hanging Peeked a little at the thread as i am at my holiday till 5.9 then back to work.

Do you possible know anything on future market if it is better to trade it?
Im considering to go to future micro contract of euro.. But dont know anything about it... Did just send the request for the commission policy...

Nice to see your still conducting a nice thread Keep it up.

Probably everyone are enjoying there vacation considering the activity

Hey Vlad, yes im here - back to trading. Volatility is low , 1 or max 2 setups per day. As you can see i post analysis, and ill post more trade setups as soon as we get normal volatility back.

I dont trade futures only currency pairs exchange rates

Enjoy it and feel free to post !
  • #15,494
  • Aug 27, 2012 8:28am Aug 27, 2012 8:28am
Quoting T@rantula
Hey Vlad, yes im here - back to trading. Volatility is low , 1 or max 2 setups per day. As you can see i post analysis, and ill post more trade setups as soon as we get normal volatility back.

I dont trade futures only currency pairs exchange rates

Enjoy it and feel free to post !
EU may test 2480 levels .
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM10.png Size: 35 KB
finding A M S
  • #15,495
  • Aug 27, 2012 8:42am Aug 27, 2012 8:42am
Currently i see just a intraday top for today.
Would personally wait to see a small drop for now with a retest of the area to see where it is headed..

Went down just now (Daily PP reached). Waiting to see what it wants.
  • #15,496
  • Aug 28, 2012 12:20am Aug 28, 2012 12:20am
Quoting prashant7
EU may test 2480 levels .
Tested and EU had successfully stayed below this TL .

Today its bearish below DP and may test 1.244 levels before london .
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 35 KB
finding A M S
  • #15,497
  • Edited 3:07am Aug 28, 2012 2:34am | Edited 3:07am
Target can also be 1.2383 and 1.2422 IN the middle, the line in the sand is 1.2357- 38 .. IMO

1.2515- 19 is the decision point. Crucial support 1.2443 -1.2433.

On the down side 1.2237 was also left to be hit by 2 -3 pips, but it should not happen by the pattern....1.2357 is a good place to Buy for 1.26xx.
Markets are not Random, they are designed!
  • #15,498
  • Aug 28, 2012 4:09am Aug 28, 2012 4:09am
I agree mostly with bearish views. I can say that bearish outlook stays even if EU RETRACES to 2850.

Setup for today is short around 2550/5 with 15 point stop and target 2520 2490. If it breaks to the upside we could expect 2600.

Still we try to have good r:r ratio and we need to watch PA for signs of exhaustion and reversal.
  • #15,499
  • Edited 4:43am Aug 28, 2012 4:31am | Edited 4:43am
Break of 2561 might open path to 2582........

15 MTF showing sign of rejection
  • #15,500
  • Aug 28, 2012 5:39am Aug 28, 2012 5:39am
Quoting T@rantula
I agree mostly with bearish views. I can say that bearish outlook stays even if EU RETRACES to 2850.

Setup for today is short around 2550/5 with 15 point stop and target 2520 2490. If it breaks to the upside we could expect 2600.

Still we try to have good r:r ratio and we need to watch PA for signs of exhaustion and reversal.
Price is consolidating in the above mentioned level. If 2565 is broken as said, it will continue higher. For safe entry short, let the price make mini low then sell it if it breaks the low.
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