Attachments: EURUSD

EURUSD

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#745,381
Jan 13, 2013 4:07pm Jan 13, 2013 4:07pm

DaEdge
| Joined Nov 2012 | Status: Trade levels not patterns | 722 Posts

Quoting Vachus

Disliked

They say in some ancient cultures " Who summoned the devil , knows how to dismiss him". Forget about London or Asia on this move, who messed up the PA was in NY ...

Ignored

NY session is the hardest to trade, Tokyo is the easiest.

It works till it doesn't

#745,382
Jan 13, 2013 4:08pm Jan 13, 2013 4:08pm

egkid
Joined Apr 2008 | Status: Trader | 9,414 Posts

Quoting samooh

Disliked

hi egkid i,m egyptian too
wanna ask you about euro usd i sold 3 lots since 1.3030 wahat can i do now
thanks

Ignored

Hi
WOW You sell in very good buy [email protected]
Close your sell when PA hit 1.3150
GL

#745,383
Jan 13, 2013 4:09pm Jan 13, 2013 4:09pm

Avir
Joined Feb 2012 | Status: Trader | 5,619 Posts

Quoting davidsayli

Disliked

It can rise to 1.3460
But it is difficult to rise directly to the 1.3460. It needs some retracements.
I think 100 pips retracement to the 1.3250 is very normal...

Ignored

Since you asked,, If that don’t happen London will try 3307, if that had happened during Asia London will try 3262 that will give them a good chance to push this towards 3500 this week - In my opinion. Above 3320s 3500 is imminent, again this is just me and i am sure no one is perfect in this business

http://www.forexfactory.com/showthre...54#post6359154

FX is a Bitc*h!, No one keeps me wake all night but FX does!!

#745,384
Jan 13, 2013 4:10pm Jan 13, 2013 4:10pm

HiddenGap
Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts

MIA CULPA

Update: My fault. I was wrong.

It looked to me as if the market was in a down trend and price would continue its down move. That is what I posted here. The thread moves too fast for me to go back and quote the post. But most saw it and know.

Again, I admit I was wrong.

However, I do need to make one very important point. There never was an ENTRY signal given to get short.

I said we would be looking for a narrow range up bar on volume less than the previous two intervals (No Demand). Or a narrow range up bar on increasing volume closing well of its lows (squat).

I also said the more aggressive could look for this entry on the 720 minute rather than the 1440 minute chart.

I have attached a 720 minute chart.

Notice that there are no Up bars with a narrow range on either increasing volume or volume less than the previous two.

The arrow points to a narrow range up bar that closes well of its low with volume that is decreasing. This volume is not less than the previous two and it is greater than average. I except that a very aggressive trader may have "jumped" the gun here. Yet this is not what I said to be on the look out for. And more importantly, it is not a valid entry signal per VSA.

Despite the fact that VSA was clearly signaling the market was not weak (No Supplies followed by Demand Swamping Supply), and that no short entry signal was ever given, I own up to the fact that I was wrong.

P.S. I have not read any post from FF in the last few days, so if there was a direct question or comment you can pm me or ask/make it again.

Attached Image (click to enlarge)

Click to Enlarge

Name: VSA 9.png
Size: 132 KB

Without VSA, you're playing checkers while the Smart Money plays chess.

#745,385
Jan 13, 2013 4:11pm Jan 13, 2013 4:11pm

Avir
Joined Feb 2012 | Status: Trader | 5,619 Posts

Quoting egkid

Disliked

Hi
WOW You sell in very good buy [email protected]
Close your sell when PA hit 1.3150
GL

Ignored

Appologies i replied to the wrong post meant to be for @ Vachus
http://www.forexfactory.com/showthre...36#post6361136

FX is a Bitc*h!, No one keeps me wake all night but FX does!!

#745,386
Jan 13, 2013 4:12pm Jan 13, 2013 4:12pm

Jasarf
| Joined Jan 2012 | Status: Trader | 1 Post

Hi to all, here's my 2cents. , I think It will trade sideways and then up , to 34.54

#745,387
Jan 13, 2013 4:15pm Jan 13, 2013 4:15pm

egkid
Joined Apr 2008 | Status: Trader | 9,414 Posts

Quoting HiddenGap

Disliked

MIA CULPA

Update: My fault. I was wrong.

It looked to me as if the market was in a down trend and price would continue its down move. That is what I posted here. The thread moves too fast for me to go back and quote the post. But most saw it and know.

Again, I admit I was wrong.

However, I do need to make one very important point. There never was an ENTRY signal given to get short.

I said we would be looking for a narrow range up bar on volume less than the previous two intervals (No Demand)....

Ignored

No worry bro

No one right all the time and at the end we tell what chart says could b wrong but everyone has to trade his own chart

Thanks for caring to tell that

#745,388
Jan 13, 2013 4:17pm Jan 13, 2013 4:17pm

davidsayli
| Membership Revoked | Joined Nov 2012 | 616 Posts

Please look at the RSI divergence on H1 Chart.

http://i47.tinypic.com/2qwdldk.gif

Please look at the RSI on H4 Chart.

http://i49.tinypic.com/xf6i36.gif

The bulls run very fast last week. And all bulls got tired.
It can drop to the 1.3250 very soon in two days.
If it breaks the 1.3250 we can see 1.3185

#745,389
Jan 13, 2013 4:20pm Jan 13, 2013 4:20pm

Vachus
| Membership Revoked | Joined Jul 2012 | 4,197 Posts

Quoting DaEdge

Disliked

NY session is the hardest to trade, Tokyo is the easiest.

Ignored

I actually find it kind quite normal. I was not telling or trying to convince you on taking any trade position ! But i was kind of sharing what i have observed for the last two days that NY is kind of leading the move - to be more specific the opening of Nasdaq. The first hour candle after the opening should give a good indication of where the Morons will be leading it to.

"It's the Margin, Stupid."

#745,390
Jan 13, 2013 4:25pm Jan 13, 2013 4:25pm

Vachus
| Membership Revoked | Joined Jul 2012 | 4,197 Posts

Quoting Avir

Disliked

Since you asked,, If that don’t happen London will try 3307, if that had happened during Asia London will try 3262 that will give them a good chance to push this towards 3500 this week - In my opinion. Above 3320s 3500 is imminent, again this is just me and i am sure no one is perfect in this business
http://www.forexfactory.com/showthre...54#post6359154

Ignored

1.33180 has the key to 1.34 ... so we are kind of near each other lines ! Good luck

"It's the Margin, Stupid."

#745,391
Jan 13, 2013 4:27pm Jan 13, 2013 4:27pm

DaEdge
| Joined Nov 2012 | Status: Trade levels not patterns | 722 Posts

Quoting Vachus

Disliked

I actually find it kind quite normal. I was not telling or trying to convince you on taking any trade position ! But i was kind of sharing what i have observed for the last two days that NY is kind of leading the move - to be more specific the opening of Nasdaq. The first hour candle after the opening should give a good indication of where the Morons will be leading it to.

Ignored

I'm not trading the e/u & haven't in months, there's way easier money to be made elsewhere. I still have my e/j & a/j longs as well as the e/n from last week. There was a link I posted a couple of days back from dailyfx where they did a study on the most profitable retail accounts from fxcm's clients & results showed Tokyo was the highest & US the lowest. I trade longer term so this doesn't affect me as much but definitely interesting info.

It works till it doesn't

#745,392
Jan 13, 2013 4:31pm Jan 13, 2013 4:31pm

Ihate2lose
| Membership Revoked | Joined Jan 2013 | 180 Posts

well, trading is about long term expectation? even if it retrace 100 pips but then back up to 1.3460 so what? I'm ready to sacrifice 100 % of margin for the bull. today has to be another bull daily candle.

#745,393
Jan 13, 2013 4:33pm Jan 13, 2013 4:33pm

Miguel.N
| Membership Revoked | Joined Dec 2012 | 1,215 Posts

1.34 now !?

#745,394
Jan 13, 2013 4:37pm Jan 13, 2013 4:37pm

divak
| Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts

Quoting Ihate2lose

Disliked

well, trading is about long term expectation? even if it retrace 100 pips but then back up to 1.3460 so what? I'm ready to sacrifice 100 % of margin for the bull. today has to be another bull daily candle.

Ignored

Now you decide where things go?