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  • #16,141
  • Dec 18, 2012 8:13am Dec 18, 2012 8:13am
Based on trend following current entry should be:

BUY 1.3170-80 TP:3210 SL :3154
  • #16,142
  • Dec 18, 2012 9:52am Dec 18, 2012 9:52am
Quoting T@rantula
Based on trend following current entry should be:

BUY 1.3170-80 TP:3210 SL :3154
Done + 30 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 100 KB
  • #16,143
  • Dec 18, 2012 10:00am Dec 18, 2012 10:00am
Quoting T@rantula
Done + 30 pips
well done, what a great thread
  • #16,144
  • Dec 18, 2012 10:06am Dec 18, 2012 10:06am
Quoting MJurban
well done, what a great thread
Thanx!
  • #16,145
  • Dec 19, 2012 6:32am Dec 19, 2012 6:32am
Quick update of market's price action.

Judging from these movements in last 2 days ( my preferable PA) EU is targeting 3320 and 3350 subsequently. 3305 is interim resistance.

We are undergoing a "DIRECT RISE", a very strong price movement with no or very shallow retracement.

Attached Image (click to enlarge)
Click to Enlarge Name: direct rise.jpg Size: 83 KB
  • #16,146
  • Dec 20, 2012 7:23am Dec 20, 2012 7:23am
As winter holidays are near, I dont trade every day, will resume trading around 3rd of January.

Yesterday I spoke about "DIRECT RISE". It was indeed a direct rise but to 3305, where it started THE RETRACEMENT.

If u notice the chart below u will see that last direct rise ( shallow or no retracement) was good for 211 pips, before that we had a strong move of 246 pips, so there is a room for 3435 !

Still target should be 3320 and 3350 subsequently as we see, the move RETRACED to 61.8 FIB. ONLY BELOW 3140 we can have BEARISH outlook.

So anyone who longed around 61.8 should trail the stop or scale out as we have more space to the upside. I know many traders shorted it today..but guys, pls read carefully the charts and try to understand what I was saying.

DONT COUNTER THE TREND BLINDLY. If we are in uptrend, draw FIBS and watch for RETRACEMENTS, then long into supports, not vice versa. Also if u watch MURREY levels market was standing at 2/8 of its octave today early morning so the thing is, it was screaming for longs...

So..mid term outlook is still BULLISH. BUT if it goes and closes below 3140-3130 there is a possibility for a mid term switch to BEARISH.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 263 KB
  • #16,147
  • Dec 20, 2012 7:45am Dec 20, 2012 7:45am
3275 should be reached soon. Its 4/8-6/8 MM pattern. 4/8 is MM MAJOR pivot point best for NEW BUYS OR SELLS. H1 candle looks like a potential BULLISH ENGULFER.


Id go long at 3250...



Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 78 KB
  • #16,148
  • Dec 20, 2012 7:47am Dec 20, 2012 7:47am
LOL it happened while i was writing.. YOU SEE, 3280....what a CANDLE, its BULLY...
  • #16,149
  • Dec 20, 2012 7:54am Dec 20, 2012 7:54am
Quoting T@rantula
LOL it happened while i was writing.. YOU SEE, 3280....what a CANDLE, its BULLY...
1.3362 is the place to short if at all... then we're going to 1.357x if 3362 gives way... maybe not this year imo
  • #16,150
  • Dec 20, 2012 8:00am Dec 20, 2012 8:00am
Quoting jaylovin
1.3362 is the place to short if at all... then we're going to 1.357x if 3362 gives way... maybe not this year imo
Pay attention to 3350, more or less the same..

Still I hope that traders know where we are atm, this is so bullish.
  • #16,151
  • Dec 20, 2012 8:22am Dec 20, 2012 8:22am
Quoting T@rantula
As winter holidays are near, I dont trade every day, will resume trading around 3rd of January.

Yesterday I spoke about "DIRECT RISE". It was indeed a direct rise but to 3305, where it started THE RETRACEMENT.

If u notice the chart below u will see that last direct rise ( shallow or no retracement) was good for 211 pips, before that we had a strong move of 246 pips, so there is a room for 3435 !

Still target should be 3320 and 3350 subsequently as we see, the move RETRACED to 61.8 FIB. ONLY BELOW 3140 we can have BEARISH outlook.

So...


Hi T.,

I second all you said here. Same view.

If upside in the short term is capped around 329x, then chances are high that we are in an ABC-flat correction (down). Now at the end of wave B (up), waiting for impulsive wave C down with targets between 3160-3130
  • #16,152
  • Dec 20, 2012 11:21am Dec 20, 2012 11:21am
Quoting infinitus
Hi T.,

I second all you said here. Same view.

If upside in the short term is capped around 329x, then chances are high that we are in an ABC-flat correction (down). Now at the end of wave B (up), waiting for impulsive wave C down with targets between 3160-3130
Yes thats it. We got a strong move from 3190 to 3295 today and we may see 3170-3130 again. 3250 was the best fast pip trade we could have in a long time, it was 45 pips in 5 mins. Reminds me of trades I was taking 3 years ago on Frankie Fake.

Also, if there is a close below 3140-3130 particularly we may see a trend shift to mid term bearish as I said, be ready to buy into dips until then.
  • #16,153
  • Dec 21, 2012 6:10am Dec 21, 2012 6:10am
Quick update of the market...

Its all the same, buy the dips. Every dip has been bought so far, analysis remains the same.
  • #16,154
  • Dec 21, 2012 9:20am Dec 21, 2012 9:20am
Quoting T@rantula
Quick update of the market...

Its all the same, buy the dips. Every dip has been bought so far, analysis remains the same.
Next dip should be around 3130-3145. Close below 3130 may lead to trend shift.
  • #16,155
  • Dec 21, 2012 9:21am Dec 21, 2012 9:21am
3165 has been heavily bought. Im a bit surprised as that should have been 3145-3130...Ok, lets wait.
  • #16,156
  • Dec 21, 2012 9:28am Dec 21, 2012 9:28am
Quoting T@rantula
3165 has been heavily bought. Im a bit surprised as that should have been 3145-3130...Ok, lets wait.
This is falling 3 methods variant on H1, we should have had more downward movement before next jump.. Still pay attention to 3145-3130.

Attached Image
  • #16,157
  • Dec 23, 2012 2:35am Dec 23, 2012 2:35am
Quoting cdndollar
Morning..
With NFP & some funnys now out of the way, IMHO the stage is set for Euro to consolidate & rally into year end.. there's good odd for another visit up to 1.31+ on the narrow & a pop over 1.32+ on the wide for the rest of December & January..
Per-holiday TP & the delay in FC had given bulls the 1st reload/scale-in zone here after printing 1.33..
With the supply zone from September now turn to Demand & bears salivating over the recent PA.. holiday predators may be setting up thin bear traps here to re-print the February year high 1.3468~88..

EURUSD D1+W1 overlay @12212012
Attached Image (click to enlarge)
Click to Enlarge Name: Euro @20121221.png Size: 103 KB


EURUSD Quarterly @12202012
http://www.forexfactory.com/attachme...1&d=1356047699

USDX vs EURUSD @12182012
http://www.forexfactory.com/attachme...1&d=1355798927


Happy Holidays & Have'pip New Year for all..
  • #16,158
  • Dec 23, 2012 9:27am Dec 23, 2012 9:27am
Hi Friends,

I wish all of you a Merry Christmas and a Happy New Year. May all your dreams come true.


Best wishes,


Markus
  • #16,159
  • Dec 24, 2012 4:17am Dec 24, 2012 4:17am
Happy Christmas for Everyone who's celebrate...

Specially for T@rantula & Members who's given Contribution in these Thread's

http://www.hdwallpapersarena.com/wp-...es-218077.jpeg
Always looking the GREAT, never left GOOD Point...
  • #16,160
  • Dec 24, 2012 5:40am Dec 24, 2012 5:40am
i wish a happy christmas and a happy new year to all traders and good people. Good health and many many pips next year.
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