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Trading EURUSD only

  • #4,941
  • Oct 25, 2012 11:21am Oct 25, 2012 11:21am
2970 is the key for desecion.

Quoting stevewalker
it is actually trading UP channel. heading up
  • #4,942
  • Oct 25, 2012 11:22am Oct 25, 2012 11:22am
& 2936 Bottom TL

as soon as it follow that TL it ias heading up

Quoting stevewalker
2970 is the key for desecion.
  • #4,943
  • Oct 25, 2012 11:22am Oct 25, 2012 11:22am
Quoting stevewalker
4H was in a down channel.

but with last attemp it failed to touch LC

so this may the end of down move. with actual fractals pinted
Ok, so reanalyze next 4hr bar. 38 mins.
"My 2 cents"
  • #4,944
  • Oct 25, 2012 11:23am Oct 25, 2012 11:23am
it again reject from strange value
2942

nothing related with it.

Quoting stevewalker
& 2936 Bottom TL

as soon as it follow that TL it ias heading up
  • #4,945
  • Oct 25, 2012 11:25am Oct 25, 2012 11:25am
with new bar ntohing will change

it exectly played the UP TL precised

but again failed to print low with a related level support or TL
as yesterday

for a new lower fractal we need 2 more bars

Quoting Stimulus
Ok, so reanalyze next 4hr bar. 38 mins.
  • #4,946
  • Oct 25, 2012 11:26am Oct 25, 2012 11:26am
same as yesterday

below 2945 it is not matching with my charts!
  • #4,947
  • Oct 25, 2012 11:26am Oct 25, 2012 11:26am
but we may say 2942 =~2945

Quoting stevewalker
same as yesterday

below 2945 it is not matching with my charts!
  • #4,948
  • Oct 25, 2012 11:29am Oct 25, 2012 11:29am
4H is in expanding zone
2970 is %50 level.

for me price is in direction change operation.




Quoting stevewalker
2970 is the key for desecion.
  • #4,949
  • Oct 25, 2012 11:29am Oct 25, 2012 11:29am
Quoting stevewalker
& 2936 Bottom TL

as soon as it follow that TL it ias heading up
I visually manage trade with zones of S/R on 15m. If it peirces up into closed out zone I will manually reduce position.
Attached Image (click to enlarge)
Click to Enlarge Name: Overlapping zones.png Size: 55 KB
"My 2 cents"
  • #4,950
  • Oct 25, 2012 11:31am Oct 25, 2012 11:31am
long @ 2958
  • #4,951
  • Oct 25, 2012 11:32am Oct 25, 2012 11:32am
very small risk

Quoting stevewalker
long @ 2958
  • #4,952
  • Oct 25, 2012 11:35am Oct 25, 2012 11:35am
On my chats 2945 is the key level for desicion. yesterday we had a "fake breakout" on 45 due to news. It's 61,8 fib level from the upmove from 2820. Also the price sits on 2 fibchannel line crossings. If this thing breaks in my opinion we can say hello to 28xx.The first big support comes in @ 2870-75 as i have the 4H wedge bottom trendline. I think we might see the long talked and waited 26-2700.
  • #4,953
  • Oct 25, 2012 11:36am Oct 25, 2012 11:36am
4H
we have 2 lower fractals
last is lower then the one before

we have 2 upper fractals
last is higher then the one before

this is expanding zone. for better one we should have 3 fractals.

but this is also expanding zone.

in that formations price %51 reverse using the %50 level bounce.




Quoting Stimulus
I visually manage trade with zones of S/R on 15m. If it peirces up into closed out zone I will manually reduce position.
  • #4,954
  • Oct 25, 2012 11:39am Oct 25, 2012 11:39am
2945 is our actual strong support

2970 is the bounce level when price in a expanding zone. ( reverse of narrowning zone )
Quoting mok1one
On my chats 2945 is the key level for desicion. yesterday we had a "fake breakout" on 45 due to news. It's 61,8 fib level from the upmove from 2820. Also the price sits on 2 fibchannel line crossings. If this thing breaks in my opinion we can say hello to 28xx.The first big support comes in @ 2870-75 as i have the 4H wedge bottom trendline. I think we might see the long talked and waited 26-2700.
  • #4,955
  • Oct 25, 2012 11:41am Oct 25, 2012 11:41am
ont the other hand
with every attack to 2945 is weakining it.

with every attack some of the buy orders been used.

so when calling it strong support we should also think about that ( telling my self )

Quoting stevewalker
2945 is our actual strong support

2970 is the bounce level when price in a expanding zone. ( reverse of narrowning zone )
  • #4,956
  • Oct 25, 2012 11:43am Oct 25, 2012 11:43am
Quoting stevewalker
ont the other hand
with every attack to 2945 is weakining it.

with every attack some of the buy orders been used.

so when calling it strong support we should also think about that ( telling my self )
You absolutly right That's why i am also thinking this thing will break soon. So I will be selling under 2945.
  • #4,957
  • Oct 25, 2012 11:44am Oct 25, 2012 11:44am
Quoting mok1one
On my chats 2945 is the key level for desicion. yesterday we had a "fake breakout" on 45 due to news. It's 61,8 fib level from the upmove from 2820. Also the price sits on 2 fibchannel line crossings. If this thing breaks in my opinion we can say hello to 28xx.The first big support comes in @ 2870-75 as i have the 4H wedge bottom trendline. I think we might see the long talked and waited 26-2700.
EDIT: The first support AFTER 2945 is 2870-75 as i have the 4H wedge bottom trendline
  • #4,958
  • Oct 25, 2012 11:52am Oct 25, 2012 11:52am
2970 is 4H DG
2967 is D1 LC

so 2967/70 is our Bias ATM.
  • #4,959
  • Oct 25, 2012 11:53am Oct 25, 2012 11:53am
1/3 left for continuation from 1.3015.

I may add if correction is confirmed by not moving thru 1.3000 on H1 closed thru ASIA tonight.

Steve, you, you. I will probably thank later if up move.
"My 2 cents"
  • #4,960
  • Oct 25, 2012 11:57am Oct 25, 2012 11:57am
no one knows.
we just analyze & think.

it may wright or wrong.

PLEASE dont thank me if it is wright
PLEASE dont get angry to me if it is wrong



Quoting Stimulus
1/3 left for continuation from 1.3015.

I may add if correction is confirmed by not moving thru 1.3000 on H1 closed thru ASIA tonight.

Steve, you, you. I will probably thank later if up move.
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