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  • #15,541
  • Oct 11, 2012 2:32am Oct 11, 2012 2:32am
Ok, we have had a ranging market with bullish retracement and important targets have been hit.

Currently market is ranging between 2800-3000 and my opinion that we could see 2750>2720>2700 and the market is heading there. Stops should be @ 3020 and if market fails to break 3020 we will see 2700. Its not the best time for position trading nor for intraday trading with holding positions on h1 TF due to a big range that can swipe the SL.

Again scalping may be preferred option to gain hold of profits.

Important levels to watch for:

2875 2910 2945 resistance

2830 2795 2760 support
  • #15,542
  • Oct 11, 2012 2:48am Oct 11, 2012 2:48am
Thats a possible scalping setup

E:@2874
Sl:@ 2882
TP: open (scalping )
  • #15,543
  • Oct 11, 2012 2:57am Oct 11, 2012 2:57am
EU.. long this at 65.. using 15 min USDX as lead.. mite be in a bit of trouble thou
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  • #15,544
  • Oct 11, 2012 3:00am Oct 11, 2012 3:00am
Quoting danc
EU.. long this at 65.. using 15 min USDX as lead.. mite be in a bit of trouble thou
Might be good if 2860 doesnt break.
  • #15,545
  • Oct 11, 2012 3:16am Oct 11, 2012 3:16am
Quoting T@rantula
Might be good if 2860 doesnt break.
You see Danc, nice range trading..

I saw a scalp short ( counter mini trend) setup was good for 5-10 pips, and actually long @ 65 ( your entry) was where the price was breaking to go lower or to jump.

You longed at mini support and that was correct.
  • #15,546
  • Oct 11, 2012 3:16am Oct 11, 2012 3:16am
Quoting T@rantula
Ok, we have had a ranging market with bullish retracement and important targets have been hit.

Currently market is ranging between 2800-3000 and my opinion that we could see 2750>2720>2700 and the market is heading there. Stops should be @ 3020 and if market fails to break 3020 we will see 2700. Its not the best time for position trading nor for intraday trading with holding positions on h1 TF due to a big range that can swipe the SL.

Again scalping may be preferred option to gain hold of profits.

Important levels to watch for:

2875 2910 2945...
Hi T@rantula,
glad to c you and thx for the levels

small 10 pips scalp to the sma(200), may bee closed to early
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  • #15,547
  • Oct 11, 2012 3:17am Oct 11, 2012 3:17am
Quoting danc
EU.. long this at 65.. using 15 min USDX as lead.. mite be in a bit of trouble thou
OUT for 15.. at down trend line.. will watch for maby another enter
  • #15,548
  • Oct 11, 2012 3:28am Oct 11, 2012 3:28am
5 min EU.. note square.. at down trend line breaks above i am long again.... watching corresponding point on 15 mi USDx
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  • #15,549
  • Oct 11, 2012 3:31am Oct 11, 2012 3:31am
QUOTE=MJurban;6088308]Hi T@rantula,
glad to c you and thx for the levels

small 10 pips scalp to the sma(200), may bee closed to early[/quote]

Its ok 10 pips scalp is still 10 pips and if u use small stop that way you can use more leverage.

Quoting danc
OUT for 15.. at down trend line.. will watch for maby another enter
Good again. We are still ranging so b careful. Sell orders @ 2875-80 are preventing the price to go further up. If it fails eventually 2900 is next mini-resistance
  • #15,550
  • Oct 11, 2012 3:37am Oct 11, 2012 3:37am
Long again 80
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  • #15,551
  • Oct 11, 2012 3:39am Oct 11, 2012 3:39am
Thats a Breakout retest continuation pattern or BPC ( breakout pullback continuation) 2875 broken, then 2881 was hit then 2875 retested again then 2890+. 2900 then 2907 next
  • #15,552
  • Oct 11, 2012 3:40am Oct 11, 2012 3:40am
I am out got another 8.. go cook dinner.. good u back.. u inspire me to short termT..
  • #15,553
  • Oct 11, 2012 3:50am Oct 11, 2012 3:50am
Quoting danc
I am out got another 8.. go cook dinner.. good u back.. u inspire me to short termT..


Haha, well you know..Scalping when market is ranging and there is no strong trend is always an excellent option to put money in the pockets. Position trading which we had 3y ago when everyone was shorting EU is no longer possible.
We need to find mini trends and s/r levels and exploit it.

As for position trading/weekly setups:

Crucial is break of 2800 where we will test 2700 afterwards or 3000 where we will go further up.
If the price fails to break 2985-3000 this will be the sign to short it again heavily to 2750-2700.

Daily breakout trade setup:

Daily ATR stands @ 2907 max so traders you should watch for the breakout trade setup if 2907 gets broken. Fast hit and run.
  • #15,554
  • Oct 11, 2012 4:37am Oct 11, 2012 4:37am
Quoting T@rantula


Haha, well you know..Scalping when market is ranging and there is no strong trend is always an excellent option to put money in the pockets. Position trading which we had 3y ago when everyone was shorting EU is no longer possible.
We need to find mini trends and s/r levels and exploit it.

As for position trading/weekly setups:

Crucial is break of 2800 where we will test 2700 afterwards or 3000 where we will go further up.
If the price fails to break 2985-3000 this will be the sign to short it again heavily to 2750-2700.

Daily breakout...
From my experience....there is one hell of a move left to be done with E/U this year...or should I say with all USD related instruments.


1.2800 has become a very tough level....if it breaks then 1.2360 in my books and if that breaks then 1.12 -1.11 -1.07xx

But...on the Flip side.........

1.2934 is a level in my opinion then there is no shorting it will be an impulse the target is well I dont wanna say it now but what the heck ...should be 1.3534...minimum...Up TO 1.3672

The only level in the way would be 1.3242 for scalp.

Scalpers be very careful.
Markets are not Random, they are designed!
  • #15,555
  • Oct 11, 2012 4:48am Oct 11, 2012 4:48am
Quoting Raza
From my experience....there is one hell of a move left to be done with E/U this year...or should I say with all USD related instruments.


1.2800 has become a very tough level....if it breaks then 1.2360 in my books and if that breaks then 1.12 -1.11 -1.07xx

But...on the Flip side.........

1.2934 is a level in my opinion then there is no shorting it will be an impulse the target is well I dont wanna say it now but what the heck ...should be 1.3534...minimum...Up TO 1.3672

The only level in the way would be 1.3242 for scalp.

Scalpers...
Hey Raza, nice to see you

We should have a good move today...where that I dont know. We will see what Mr.Market will give us.

As for scalping..I apply the strategy only with mini trends that are in context with higher TFs or range bars. 5-15 pips stop is min/max I use for it, and usually mini trends are found during the trading day.
  • #15,556
  • Oct 11, 2012 4:55am Oct 11, 2012 4:55am
Quoting T@rantula
Hey Raza, nice to see you

We should have a good move today...where that I dont know. We will see what Mr.Market will give us.

As for scalping..I apply the strategy only with mini trends that are in context with higher TFs or range bars. 5-15 pips stop is min/max I use for it, and usually mini trends are found during the trading day.
Hello Tarantula,

yes there is a good move lurking around this week I think.

And of course it should not be easy to catch cause as we know market has a habit of traps first , make you biased then make fast moves. I anticipate they will do a fast move in one direction for traps and then real move in the other direction fast. For now we have 1.2836 as support again down below we have 1.2804 and even 1.2799 to buy from ...below that forget buying in my opinion.

On the Upside true level to be bullish is 1.2917 then 1.2934 then 1.2967 and the most important one to be sure is 1.3006.

As of now I would prefer short first for a shake out then long.

Today I came to this thread cause I was talking to another trader and Your name came up as one of the Best trader on FF.



By the way I am scalping too....
Markets are not Random, they are designed!
  • #15,557
  • Oct 11, 2012 5:24am Oct 11, 2012 5:24am
Quoting Raza
Hello Tarantula,

yes there is a good move lurking around this week I think.

And of course it should not be easy to catch cause as we know market has a habit of traps first , make you biased then make fast moves. I anticipate they will do a fast move in one direction for traps and then real move in the other direction fast. For now we have 1.2836 as support again down below we have 1.2804 and even 1.2799 to buy from ...below that forget buying in my opinion.

On the Upside true level to be bullish is 1.2917 then 1.2934 then 1.2967 and...

Thanx mate, I appreciate your contribution, hope to see you more often
  • #15,558
  • Oct 11, 2012 5:25am Oct 11, 2012 5:25am
Ok guys, consolidation time now. We should see volatility shift in 1h. Market is waiting for NY cut, data release in 2h.
  • #15,559
  • Oct 11, 2012 5:48am Oct 11, 2012 5:48am
Got this for 10.. 33 for nite see Ya
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  • #15,560
  • Oct 11, 2012 6:19am Oct 11, 2012 6:19am
pICTURE USDX 30 MIN.. IF IT BREAKS 2 TREND LINES IN SQUARE.. I AM LONG AGAIN eurdOLLAR
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