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  • #16,321
  • Jan 16, 2013 11:33am Jan 16, 2013 11:33am
Quoting jaylovin
excellent as always EG
Thanks i try.
Just question come to my mind while looking to my chart now
After today move and last one , how many waiting break of 3260? %?
I think very few
well let's Watch
  • #16,322
  • Jan 16, 2013 11:46am Jan 16, 2013 11:46am
Quoting egkid
Thanks i try.
Just question come to my mind while looking to my chart now
After today move and last one , how many waiting break of 3260? %?
I think very few
well let's Watch

good level to scalp from... i did today but also had a bearish bias and still do until 1.3243 hits at least... there are targets at 1.3230 and 1.3180... even heading lower but overall trend is UP... so i see this as a correction... 1.3260 will break imo to collect stops... i am short from 1.3307... so will keep until 1.3242.. stops be...
  • #16,323
  • Jan 16, 2013 11:53am Jan 16, 2013 11:53am
Quoting jaylovin
good level to scalp from... i did today but also had a bearish bias and still do until 1.3243 hits at least... there are targets at 1.3230 and 1.3180... even heading lower but overall trend is UP... so i see this as a correction... 1.3260 will break imo to collect stops... i am short from 1.3307... so will keep until 1.3242.. stops be...

Next 24H will b fun
Catch u@London
  • #16,324
  • Jan 16, 2013 1:41pm Jan 16, 2013 1:41pm
I think this will shoot up tonight and tomorrow to collect stops. Be careful with shorts I am flat
  • #16,325
  • Edited 4:34pm Jan 16, 2013 2:19pm | Edited 4:34pm
My first post here but I am a silent follower from time to time because I have a great respect for T@rantula and what he has done here at FF over the years I have been a member. All the way back to some time I spent in that ever crazy EURUSD thread.

The main reason I am posting my chart is because I love the way that we can all get to the same places and see the same levels as important using different techniques and analysis methods. What we all need to realize at the end of the day (as I am sure you all do) that it is supply and demand that moves the market and once we are able to determine the most likely places that supply and demand pockets exist we can plan our trades accordingly.

Attached chart is a 1 hour chart with the levels that I am most watching and trading now. The 3350, 3310 and 3260 levels I have seen called out here quite a bit have been on my chart since Jan 11th and are still very important today. Today we did manage a slightly lower low than yesterday and it seems that we will close below 3310. I can almost see in my head the possibility of seeing the Asian session finally taking out that 3260 support during the low liquidity overnight session as they are famous for doing at times.

I will re-evalute again at the end of the day to see where we end up for close etc...

I hope this post is OK as it's not really to show a trade just some similarities that I find quite refreshing.

Great thread and everyone keep up the great posts.

Edit - I wanted to add that I find it very interesting how we see a complete drop off in topside interest right into that mid level during the last hour of London trading (big black arrow)...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_60.png Size: 25 KB
Today's zone = Tomorrow's opportunity!
  • #16,326
  • Jan 17, 2013 2:08am Jan 17, 2013 2:08am
Quoting pres78
My first post here but I am a silent follower from time to time because I have a great respect for T@rantula and what he has done here at FF over the years I have been a member. All the way back to some time I spent in that ever crazy EURUSD thread.

The main reason I am posting my chart is because I love the way that we can all get to the same places and see the same levels as important using different techniques and analysis methods. What we all need to realize at the end of the day (as I am sure you all do) that it is supply and demand...
Thanks for the post mate. I expect more to come from you.
  • #16,327
  • Jan 17, 2013 2:10am Jan 17, 2013 2:10am
Quoting T@rantula
This looks bullish to me.

Smaller lot size trade initiated E: 3295 SL: 3235 TP: 3425 Will keep the trade, overnight if I have to.

I will cover some if 3250 breaks, but still good MM is applied. SO many rejections off 3260 and 2 bullies on h1.
I also had a pending overnight long at 3275 same position size ( small 0.2 per 10000 ) I will close it now 3312- and I will scale out just in case of my first trade. We need momentum above 3325 and it still has not happened.

Remember good MM.

You can also read this on my FOREX BLOG.
  • #16,328
  • Jan 17, 2013 2:19am Jan 17, 2013 2:19am
We are still ranging heavily. Its choppy. Bulls need MOMENTUM above 3325 to continue further. London open failed to give us momentum, if that not happens in next hour we might come down to test 3260, although we have a TRIPLE bottom, and every dip has been bought so far. The problem here is- WE HAVE HAD A BIG MOVE. And that means retracement can even be deeper. 3265 stands at 38,2 fib of the last move, h1 is slightly bullish and that why I have favoured BUY THE DIPS mode.

Look at TRIPLE BOTTOM on H1 thats also called LOW PRICE HARAMI pattern and that is ok for bulls. Whats not ok is that London hasnt tested 3325 yet and that depicts the struggle between bulls/bears on HIGHER TFs.
  • #16,329
  • Jan 17, 2013 2:20am Jan 17, 2013 2:20am
Quoting egkid
Top point 3310, In my view and i could b wrong it's best point for sell
GL
Morning
I couldn't resist it
[email protected] SL 1.3327 TP wait depends on time and PA move later will check because i'm at work
  • #16,330
  • Jan 17, 2013 2:37am Jan 17, 2013 2:37am
Ok we have some momentum 3320...lets see FREE RIDE this.
  • #16,331
  • Jan 17, 2013 2:43am Jan 17, 2013 2:43am
1.3335 now, thats stop grabbing above 1.3325
  • #16,332
  • Jan 17, 2013 2:47am Jan 17, 2013 2:47am
Quoting egkid
Morning
I couldn't resist it
[email protected] SL 1.3327 TP wait depends on time and PA move later will check because i'm at work
Part of the game
Back to my work
Cya
  • #16,333
  • Jan 17, 2013 2:48am Jan 17, 2013 2:48am
1.3345 now, If i hadnt scaled out earlier I would have done it now, so for all who took longs where I did ( 3295) you can scale out now.
  • #16,334
  • Jan 17, 2013 2:51am Jan 17, 2013 2:51am
It'll keep going. I am long from 3285.. If 3428 holds and we see sellers come in we can drop to 3140 for correction before resuming uptrend. Otherwise it's up up up for now
  • #16,335
  • Jan 17, 2013 2:54am Jan 17, 2013 2:54am
Quoting jaylovin
It'll keep going. I am long from 3285.. If 3428 holds and we see sellers come in we can drop to 3140 for correction before resuming uptrend. Otherwise it's up up up for now
Thats why I put final TP at 3425. If 3425 is broken 3480 is next.
  • #16,336
  • Jan 17, 2013 2:57am Jan 17, 2013 2:57am
We have some barrier in 1.3357 to 1.3367
  • #16,337
  • Jan 17, 2013 2:58am Jan 17, 2013 2:58am
Quoting Munal
We have some barrier in 1.3357 to 1.3367
3345-65 yes
  • #16,338
  • Jan 17, 2013 3:04am Jan 17, 2013 3:04am
Quoting Munal
We have some barrier in 1.3357 to 1.3367
3345-65 yes

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 62 KB
  • #16,339
  • Jan 17, 2013 3:07am Jan 17, 2013 3:07am
My two cents.........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu517-a.gif Size: 26 KB
Click to Enlarge Name: eurusd 17th-a.gif Size: 32 KB
  • #16,340
  • Jan 17, 2013 3:10am Jan 17, 2013 3:10am
Morning..

EURUSD H4 SEX+DBB+UTD

http://www.forexfactory.com/attachme...1&d=1358412863

Momentum bulls looking for another probe @1.34+
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