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  • #15,501
  • Aug 28, 2012 6:22am Aug 28, 2012 6:22am
T... my friend... is this how you would use "river" ? entry on pb to it?
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  • #15,502
  • Aug 28, 2012 6:54am Aug 28, 2012 6:54am
Quoting Chika Kure
T... my friend... is this how you would use "river" ? entry on pb to it?
Yes mate, and we need momentum candle ( big candle preferably with little or no shadow) for an entry
  • #15,503
  • Aug 28, 2012 6:57am Aug 28, 2012 6:57am
Afternoon analysis stays the same...

We could see 2500 2480 if 2465 isnt breached.

So short setup may be valid with ( E@ 2450 ) with 15 pip stop targeting 2500 2480
  • #15,504
  • Aug 28, 2012 7:51am Aug 28, 2012 7:51am
Quoting T@rantula

So short setup may be valid with ( E@ 2450 ) with 15 pip stop targeting 2500 2480
All going as planned 2530 needs to break to support further continuation down.

Stops on BE or close it partially.
  • #15,505
  • Aug 28, 2012 8:17am Aug 28, 2012 8:17am
Quoting T@rantula
All going as planned 2530 needs to break to support further continuation down.

Stops on BE or close it partially.
+13 pips from this 1

2530 not broken, New HH is made, so targets are 2575 2600
  • #15,506
  • Aug 29, 2012 4:21am Aug 29, 2012 4:21am
As 2565 has been broken we should continue to 2600 and there is a possibility of continuation to 2635.

Buy the dips is the strategy as the price stands above WPP and also intraweek is bullish.

US gdp data release will provide additional volatility along with home sales, so technically speaking 2635 is possible.
  • #15,507
  • Aug 29, 2012 5:06am Aug 29, 2012 5:06am
Interesting development of H1 candle. Its screaming sell, but we already know that candlesticks are not so good when traded alone.

Intraweek is bullish suggesting buy the dips. General trend is bearish, H1 candle gives sell signal.

Analysis says it will go to 2600 even 2635 but when u have a constellation like this on your charts its best to wait for a breakout. Loss of momentum atm.
  • #15,508
  • Aug 29, 2012 5:16am Aug 29, 2012 5:16am
4th Attempt to close above 1.256x area on daily........ i would love to see a bearish PA formation on this area.........
  • #15,509
  • Aug 29, 2012 5:17am Aug 29, 2012 5:17am
Quoting Munal
4th Attempt to close above 1.256x area on daily........ i would love to see a bearish PA formation on this area.........
If u ask me i would like to see 2605 first then we can sell it higher. But you are right this is technically selling area.
  • #15,510
  • Aug 29, 2012 5:21am Aug 29, 2012 5:21am
Quoting T@rantula
If u ask me i would like to see 2605 first then we can sell it higher. But you are right this is technically selling area.
Yes mate 2605 is much better area if we see...
  • #15,511
  • Aug 29, 2012 5:21am Aug 29, 2012 5:21am
Quoting T@rantula
Interesting development of H1 candle. Its screaming sell, but we already know that candlesticks are not so good when traded alone.

Intraweek is bullish suggesting buy the dips. General trend is bearish, H1 candle gives sell signal.

Analysis says it will go to 2600 even 2635 but when u have a constellation like this on your charts its best to wait for a breakout. Loss of momentum atm.
Some times this tend to happen i think as market gets crazy and make moves both the sides . 1.253 levels have supported the pair as expected . but this 1.257 is been too strong to get over ? as the day progress PA is still in a range of 1.257.. to 1.246..
finding A M S
  • #15,512
  • Aug 29, 2012 5:35am Aug 29, 2012 5:35am
Quoting prashant7
Some times this tend to happen i think as market gets crazy and make moves both the sides . 1.253 levels have supported the pair as expected . but this 1.257 is been too strong to get over ? as the day progress PA is still in a range of 1.257.. to 1.246..
Very very small range today. Some 40 pips since opening. Real trades should come soon, as we get back to normal volatility.

2575 has been touched, if u remember my post from yesterday, it was a good sell recommendation then 2530 held it after that it was 2575 and range play.

I can see 2600 but only if 2530 stays firm.
  • #15,513
  • Aug 29, 2012 7:34am Aug 29, 2012 7:34am
Quoting T@rantula
Very very small range today. Some 40 pips since opening. Real trades should come soon, as we get back to normal volatility.

2575 has been touched, if u remember my post from yesterday, it was a good sell recommendation then 2530 held it after that it was 2575 and range play.

I can see 2600 but only if 2530 stays firm.

The same result from news = as it is as forecast .

1.7% and the rumour is we are heading down .................... may be 1.244 will be the target who knows ?
finding A M S
  • #15,514
  • Aug 30, 2012 2:57am Aug 30, 2012 2:57am
Hi guys

Went long just couple of minutes earlier. Have a sl for 50 points but that is just the safety usually im closing earlier.

Probably will wait for news what happens there. Just looks to me like the market wants up... Will see..
  • #15,515
  • Aug 30, 2012 3:36am Aug 30, 2012 3:36am
Hello guys and Vladimir,

As I explained yesterday, price still looks it might touch 2600+ and the dips have been bought.

4h turned bullish but the main thing is, when 2530 has been broken ( Asia session) it hasnt retraced much and the dip has been bought. This gives me a bullish outlook of EURUSD price action and if the price goes above 2590 2635-40 is a target.
  • #15,516
  • Aug 30, 2012 3:47am Aug 30, 2012 3:47am
Hi T

I see what u mean... Im still in it.. My entry was more based on pivot point and the rise from asia....

Hopefully will get some sluggish movement here to pick up buyers... If not a stop is always there...

Will watch it...
  • #15,517
  • Aug 30, 2012 4:48am Aug 30, 2012 4:48am
Closed for 6.

Hour chart is starting to look weird...
  • #15,518
  • Aug 30, 2012 4:59am Aug 30, 2012 4:59am
Quoting Vladimir1987
Closed for 6.

Hour chart is starting to look weird...
indeed ..... are you scalping ? no na
finding A M S
  • #15,519
  • Aug 30, 2012 7:46am Aug 30, 2012 7:46am
Hi prashant7

Actually i just want to catch what is out there... If it would go further up i would leave it but it didnt.

Did reenter at 1.2542 via my phone cause of pivot confluence. Works good for now.

Just with those extreme candles it is such a gamble if u have a near top on left 15m 1h chart or more, because of the activity at those points.. It can fall as much as it went up...

Here is my picture..

Just for notice this is just a hobby for me im not living from it!!! So that someone doesn't take me to seriously
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  • #15,520
  • Aug 31, 2012 3:57am Aug 31, 2012 3:57am
Good morning guys.


Again we have a range bound PA, but the problem is the bears also dont have strength for closing below 2440 which is very important for a continuation of market bearish bias.

I would have said it again about 2600 if 2530 had held. But it was broken yesterday and now upward continuation is in question. 2575 is major intraday resistance.

Again...if 2575 breaks then 2600 and 263 are targets where monthly and weekly resistances are.
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