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  • #15,801
  • Nov 14, 2012 1:50am Nov 14, 2012 1:50am
Quoting cdndollar
long EURJPY 101.333.. 33 pips stop..

Attachment
Closed @101.733..
  • #15,802
  • Edited 2:27am Nov 14, 2012 1:54am | Edited 2:27am
Quoting cdndollar
long EURJPY 101.333.. 33 pips stop..
Quoting danc
dragon .. got this off 1 min chart.. for some good pips
Well done guys!

EU will be ranging today with some bullish PA. I reckon this might go to 2770. To the downside 2670-60 is crucial.
  • #15,803
  • Nov 14, 2012 2:39am Nov 14, 2012 2:39am
We have Head and Shoulders pattern on H1 timeframe.

If the pattern is respected 2770-80 level is the target.

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  • #15,804
  • Nov 14, 2012 2:59am Nov 14, 2012 2:59am
Quoting T@rantula
We have Head and Shoulders pattern on H1 timeframe.

If the pattern is respected 2770-80 level is the target.

Attachment
morning T..
interesting PA here @ the 1.2730 "fight zone"..
  • #15,805
  • Nov 14, 2012 3:05am Nov 14, 2012 3:05am
Quoting cdndollar
morning T..
interesting PA here @ the 1.2730 "fight zone"..
Morning Cdn, yes 2745 needs to break for upper continuation
  • #15,806
  • Nov 14, 2012 3:38am Nov 14, 2012 3:38am
add long EURUSD 1.27383.. with 20 pip stop
Euro well support by the Crosses with Cable now poking @1.5900..

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  • #15,807
  • Nov 14, 2012 7:13am Nov 14, 2012 7:13am
EU has gone to 2755, testing upper confluence levels as said before. Today we have many strong news.

I will be looking to sell close to 50-55 as 65 is resistance but not if move is very fast and can spike up SL.
  • #15,808
  • Nov 14, 2012 7:21am Nov 14, 2012 7:21am
Quoting T@rantula
EU has gone to 2755, testing upper confluence levels as said before. Today we have many strong news.

I will be looking to sell close to 50-55 as 65 is resistance but not if move is very fast and can spike up SL.
Careful now, watch the news. If 55 gets broken on spike 2775-80 is level for short scalp swing.
  • #15,809
  • Nov 14, 2012 7:55am Nov 14, 2012 7:55am
Bullish wedge on cable m5. Signal for entry is candle close above the upper descending TL. Invalidation lies at the break of 50 level to the downside.


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  • #15,810
  • Nov 14, 2012 8:04am Nov 14, 2012 8:04am
Quoting T@rantula
Bullish wedge on cable m5. Signal for entry is candle close above the upper descending TL. Invalidation lies at the break of 50 level to the downside.


Attachment
Cable capped by it's crosses & EURGBP..
Euro need a push from Cable if it's going to break above 50..
  • #15,811
  • Nov 14, 2012 8:08am Nov 14, 2012 8:08am
Quoting cdndollar
Cable capped by it's crosses & EURGBP..
Euro need a push from Cable if it's going to break above 50..
that would be a sign for dollar weakness, selling dollars will push fiber and cable respectively. Dont forget FOMC later today we may have some late volatility then.
  • #15,812
  • Nov 14, 2012 8:19am Nov 14, 2012 8:19am
Quoting cdndollar
add long EURUSD 1.27383.. with 20 pip stop
Euro well support by the Crosses with Cable now poking @1.5900..

Attachment
waited 4+ hours to touch 73.. locking in 1 beer here..
  • #15,813
  • Nov 14, 2012 8:40am Nov 14, 2012 8:40am
Scalp/ scalp swing cable m5 as per analysis


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  • #15,814
  • Nov 14, 2012 8:58am Nov 14, 2012 8:58am
Sold EURJPY 102.29.. risking 10 pips..
EJ & Yen crosses coatailing USDJPY strength today.. both daily ATR max out++.. looking for a health correction..

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  • #15,815
  • Nov 14, 2012 11:19am Nov 14, 2012 11:19am
Quoting cdndollar
Sold EURJPY 102.29.. risking 10 pips..
EJ & Yen crosses coatailing USDJPY strength today.. both daily ATR max out++.. looking for a health correction..

Attachment
First, I think we are in a bigger wave down, which eventually should take out 1.18. I will give you a count later. But that is for the longer term view.

Shorter term we have solid resistance in the 2755, 2766 to 2772 area. This area is strong due to various reasons (fibs, but mostly some EW base channels).

When 2772 is taken out, even stronger resistance in the 2878 to 2935 area. In this area there are some channel lines and long running trend lines. To be more specific here is a hard task right now. Maybe we can be more specific when things develop.

In my main scenario we will touch resistance at 2766, with extension(overshoot) 2798 and then drop towards 2605 (ideal fib target), but around 2510 or 2350 would also be good targets for an extended wave 5.


On weekly chart 4/8 Murrey Math pivot is at 2695. Around that area we got the rejection. Next lines to the upper side are 2817 and 2940. Next support lines are at 2573 and 2451.

A break of 2940 will probably lead to a new high above 3184

Break of 2451 should lead to 2207 to 2085 at first with more bearish potential thereafter.


So gameplan for the next hours:

short 2754, 2764 and 2772 with SL behind 2788

first TP on retest of 2695, second 2680

depending on the action 1/3 of the position with targets in the 2650 to 2605 area
  • #15,816
  • Nov 14, 2012 3:28pm Nov 14, 2012 3:28pm
Quoting T@rantula
Careful now, watch the news. If 55 gets broken on spike 2775-80 is level for short scalp swing.
Hope someone has profited as trade setup was accurate to the pip. Straight from 2778 to 2735
  • #15,817
  • Nov 14, 2012 6:37pm Nov 14, 2012 6:37pm
Quoting T@rantula
Hope someone has profited as trade setup was accurate to the pip. Straight from 2778 to 2735

excellent work T... i got in at 2769 but was wrong first time thinking 2756 was the top... had to do some more digging to find 2778 level... tomorrow will show some levels for scalping from.. first bounce tonight should be 2685-89..

i am looking for 1.2606 however...
  • #15,818
  • Nov 14, 2012 10:51pm Nov 14, 2012 10:51pm
Quoting infinitus
First, I think we are in a bigger wave down, which eventually should take out 1.18. I will give you a count later. But that is for the longer term view.

Shorter term we have solid resistance in the 2755, 2766 to 2772 area. This area is strong due to various reasons (fibs, but mostly some EW base channels).

When 2772 is taken out, even stronger resistance in the 2878 to 2935 area. In this area there are some channel lines and long running trend lines. To be more specific here is a hard task right now. Maybe we can be more specific when things develop.

In...
Thank you for your concise thoughts.. sounds good..

Still holding longs with stop below your 2680 targeting 2888.. the 2738 adder was stopped out before hitting the 2773 target..
EJ stopped out for 10..

Have a great day..
  • #15,819
  • Nov 15, 2012 1:56am Nov 15, 2012 1:56am
Quoting infinitus
So gameplan for the next hours:

short 2754, 2764 and 2772 with SL behind 2788

first TP on retest of 2695, second 2680

depending on the action 1/3 of the position with targets in the 2650 to 2605 area
Hey guys,

Interesting thoughts and I think you may be right.

Here is the thing. We had a spike yesterday due to FOMC statements.The trend still holds bearish on higher TFs, so usually when we have nice swing up its followed by a deeper retracement down. 2705, I have it on my charts too and 2685 is also there.

So we need to wait and see if it will show retracement and then enter. Price action is not good as ATR is awful ( 58 last 7 days!) so patience is required.
  • #15,820
  • Nov 15, 2012 2:19am Nov 15, 2012 2:19am
Quoting T@rantula
Hey guys,

Interesting thoughts and I think you may be right.

Here is the thing. We had a spike yesterday due to FOMC statements.The trend still holds bearish on higher TFs, so usually when we have nice swing up its followed by a deeper retracement down. 2705, I have it on my charts too and 2685 is also there.

So we need to wait and see if it will show retracement and then enter. Price action is not good as ATR is awful ( 58 last 7 days!) so patience is required.
Morning T
I wait this 1h close above 2755 to confirm my long view e/u
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