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  • #19,401
  • Nov 29, 2012 2:05am Nov 29, 2012 2:05am
Quoting stevewalker
Swedishtrade
what is your current outlook?
Steve, my outlooks stretch a litle longer then most of the traders here use, as I described before, I am happy with less returns than 3% per week, so I am a patient trader, looking for trades when price hits support or resistance, trying to catch bounces of those support/resistance and breakouts.
For breakouts I am looking for demand/support to take give smaller swings during time and when equilibrium is getting close to be reached there is usually a breakout, and that is when I play the breakout.
With this in mind, my outlook is: Daily; I am watching down trend initiated may 4, and I belive it will bounce of that resistance line a couple of times until christmas and to hit the support line of the uptrend on daily initiaded july 24, and nov 13. It will break out of that wedge and when it does I will trade in that direction, meanwhile I will be trading the bounces.
Hourly;I have a similar scenario where 00.00 nov 27 and 02.00 nov 29 is the downtrend resistance line and 04.00 nov 21-15.00 28 nov is the uptrend support line. If it breaks through the resistance I think it will test the 1.30 and bounce back, if not I will enter short.
Well it broke through at 09.00 so I am now long trying to get 20 pips entered @ 1962 SL @ 2948.
  • #19,402
  • Nov 29, 2012 2:07am Nov 29, 2012 2:07am
Hello everyone!
Hope the following will help you somehow.

A new vertical upside count yields 1.3190.
A new horizontal downside count yields 1.2730 (which is a somehow familiar number). It will be cancelled at 1.3010.
A new vertical downside count yields 1.2640 (which is pretty close to 1.2660). It will be activated at 1.2870, cancelled at 1.3010.
(And yes, that strong rejection can't be a good sign for bears at the moment, but I'm sure you've already noticed it.)

Those levels in my chart still seem to be worth watching.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 56 KB


Any thoughts would be appreciated.

Thanks.
  • #19,403
  • Nov 29, 2012 2:23am Nov 29, 2012 2:23am
Quoting budii
i think it still bullish
just testing EMA 34 and than bounce back
just as i said
anyone have LG>
You see, but you do not observe. The distinction is clear
  • #19,404
  • Nov 29, 2012 2:29am Nov 29, 2012 2:29am
Quoting CheG
Hello everyone!
Hope the following will help you somehow.

A new vertical upside count yields 1.3190.
A new horizontal downside count yields 1.2730 (which is a somehow familiar number). It will be cancelled at 1.3010.
A new vertical downside count yields 1.2640 (which is pretty close to 1.2660). It will be activated at 1.2870, cancelled at 1.3010.
(And yes, that strong rejection can't be a good sign for bears at the moment, but I'm sure you've already noticed it.)

Those levels in my chart still seem to be worth watching.

Attachment

Any...
Nice Charts CheG!
I am long atm but feel a little uncomfortable.....the PA is a little funny....
  • #19,405
  • Nov 29, 2012 2:35am Nov 29, 2012 2:35am
Quoting Swedishtrade
Steve, my outlooks stretch a litle longer then most of the traders here use, as I described before, I am happy with less returns than 3% per week, so I am a patient trader, looking for trades when price hits support or resistance, trying to catch bounces of those support/resistance and breakouts.
For breakouts I am looking for demand/support to take give smaller swings during time and when equilibrium is getting close to be reached there is usually a breakout, and that is when I play the breakout.
With this in mind, my outlook is: Daily; I am...
Cashed in 1/2 at 2973, will let rest ride to 2982 with stop loss at 2965
  • #19,406
  • Nov 29, 2012 2:39am Nov 29, 2012 2:39am
Quoting zoloft40mg
Good Morning Guys..

Buy @56
first tp hit 77. 2nd tp@ 300 thrd tp@ 320
  • #19,407
  • Nov 29, 2012 2:40am Nov 29, 2012 2:40am
Quoting 4xPIPAHOLIC
Nice Charts CheG!
I am long atm but feel a little uncomfortable.....the PA is a little funny....
Thank you 4xPIPAHOLIC!

It seems to be unstoppable now, at least till 1.3005, in my humble opinion.

But I may be completely wrong, I'm slightly biased here (I'm long as well at the moment)
  • #19,408
  • Nov 29, 2012 2:42am Nov 29, 2012 2:42am
Quoting Swedishtrade
Cashed in 1/2 at 2973, will let rest ride to 2982 with stop loss at 2965
Changed stop loss to 2972
  • #19,409
  • Nov 29, 2012 2:50am Nov 29, 2012 2:50am
Quoting CheG
Thank you 4xPIPAHOLIC!

It seems to be unstoppable now, at least till 1.3005, in my humble opinion.

But I may be completely wrong, I'm slightly biased here (I'm long as well at the moment)
Yes for now it looks ok...(and I am happy about this....) let's hope it has the momentum to fly higher.....
  • #19,410
  • Nov 29, 2012 2:58am Nov 29, 2012 2:58am
Quoting Swedishtrade
Changed stop loss to 2972
SL @ 2972 hit, total pips on the whole trade +10
If it pulls back to 2962 in next 1/2 hour, I will enter long again. It looks strong right now so I doubt it will.
  • #19,411
  • Nov 29, 2012 3:13am Nov 29, 2012 3:13am
Quoting Swedishtrade
SL @ 2972 hit, total pips on the whole trade +10
If it pulls back to 2962 in next 1/2 hour, I will enter long again. It looks strong right now so I doubt it will.
nice..

they def very strong on 1m and 5m..
  • #19,412
  • Nov 29, 2012 3:25am Nov 29, 2012 3:25am
Quoting zoloft40mg
nice..

they def very strong on 1m and 5m..
I hope it goes up to 1.3000, i doubt it will close over 1.300 today, and if it does tomorrow will be very interesting, anyway, I will short it around @ 1.30 for a possible pullback.
  • #19,413
  • Nov 29, 2012 3:32am Nov 29, 2012 3:32am
Quoting Swedishtrade
I hope it goes up to 1.3000, i doubt it will close over 1.300 today, and if it does tomorrow will be very interesting, anyway, I will short it around @ 1.30 for a possible pullback.
i aggree. imho close over 300 will denote high bully.
  • #19,414
  • Nov 29, 2012 3:33am Nov 29, 2012 3:33am
Quoting Swedishtrade
SL @ 2972 hit, total pips on the whole trade +10
If it pulls back to 2962 in next 1/2 hour, I will enter long again. It looks strong right now so I doubt it will.
Bulls seem to be chugging along pretty strong, German numbers also added to a risk on move
  • #19,415
  • Nov 29, 2012 3:35am Nov 29, 2012 3:35am
Very risk on mentality, after the Obama speech yesterday the Dollar Index has taken a 40 pip pullback
  • #19,416
  • Nov 29, 2012 3:36am Nov 29, 2012 3:36am
Quoting Swedishtrade
I hope it goes up to 1.3000, i doubt it will close over 1.300 today, and if it does tomorrow will be very interesting, anyway, I will short it around @ 1.30 for a possible pullback.
Will short @1.2983 if it hits within 10 minutes, since the old supportline now is a resistance at 1.2983
  • #19,417
  • Nov 29, 2012 3:37am Nov 29, 2012 3:37am
Quoting Swedishtrade
Will short @1.2983 if it hits within 10 minutes, since the old supportline now is a resistance at 1.2983
short @ 1.2983 SL 1.2991
  • #19,418
  • Nov 29, 2012 3:38am Nov 29, 2012 3:38am
My set TP is 12999
hope it hit in next hour
You see, but you do not observe. The distinction is clear
  • #19,419
  • Nov 29, 2012 3:40am Nov 29, 2012 3:40am
Quoting budii
My set TP is 12999
hope it hit in next hour
.3000 seems very likely the way the market is moving. Especially with the positive news so far.
  • #19,420
  • Nov 29, 2012 3:41am Nov 29, 2012 3:41am
Quoting budii
My set TP is 12999
hope it hit in next hour


320 still possible, mas Budi...
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