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  • #16,341
  • Jan 17, 2013 3:11am Jan 17, 2013 3:11am
Quoting egkid
Part of the game
Back to my work
Cya
egkid, your previous call last night on Short at 1.3310 was spot on.
I did not take the Short, and all my overnight Longs all hit SL.

There seem a Springboard zone around 1.3310 and 1.3320.
And with London Open price above 1.3320, so I go in Long again 1.332x.
  • #16,342
  • Jan 17, 2013 3:13am Jan 17, 2013 3:13am
Quoting Munal
My two cents.........
Thats it, thats the region, can also be said 45-70 and we touched 3350 its 34 now. We can expect some small ups and downs in this region.
  • #16,343
  • Jan 17, 2013 3:18am Jan 17, 2013 3:18am
Quoting cdndollar
Morning..

EURUSD H4 SEX+DBB+UTD

]

Momentum bulls looking for another probe @1.34+

Yes. Look.

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  • #16,344
  • Jan 17, 2013 3:21am Jan 17, 2013 3:21am
Quoting T@rantula
Thats why I put final TP at 3425. If 3425 is broken 3480 is next.
Different methods, same results.. I like a lot

Interesting that you can see these things much more in advanced than myself
  • #16,345
  • Jan 17, 2013 3:29am Jan 17, 2013 3:29am
Quoting jaylovin
Different methods, same results.. I like a lot

Interesting that you can see these things much more in advanced than myself
Well maybe it was just a risk I had to take on. You saw it yourself that we had a triple bottom and strong buying at LPH ( low price harami). Also majority of traders i know of were short, all them expected 3220 - 3180. But it was hard to proceed further down in Asia, right..70 got rejected again and it was 3270-3315 range.

It was the risk I had to take on.
  • #16,346
  • Jan 17, 2013 3:35am Jan 17, 2013 3:35am
the move down from the top on 4h TF (set to GMT) and on daily TF looks impulsive, whereas the microstructure looks rather corrective
  • #16,347
  • Jan 17, 2013 3:41am Jan 17, 2013 3:41am
Quoting infinitus
the move down from the top on 4h TF (set to GMT) and on daily TF looks impulsive, whereas the microstructure looks rather corrective
We may have seen the end of the correction, but still we need that momentum above the region.
  • #16,348
  • Jan 17, 2013 4:05am Jan 17, 2013 4:05am
Quoting T@rantula
Well maybe it was just a risk I had to take on. You saw it yourself that we had a triple bottom and strong buying at LPH ( low price harami). Also majority of traders i know of were short, all them expected 3220 - 3180. But it was hard to proceed further down in Asia, right..70 got rejected again and it was 3270-3315 range.

It was the risk I had to take on.

i bought last night cause we hadn't broken 3250... so my stops were there... below that its empty down to 3180... so it would have kept going with bumps along the way... next time we go to that 3250-3280 cluster it'll break imo.... 1.3428 +- a few must hold for this to be valid
  • #16,349
  • Jan 17, 2013 4:08am Jan 17, 2013 4:08am
Quoting jaylovin
i bought last night cause we hadn't broken 3250... so my stops were there... below that its empty down to 3180... so it would have kept going with bumps along the way... next time we go to that 3250-3280 cluster it'll break imo.... 1.3428 +- a few must hold for this to be valid
Exactly, that has been perfectly right thing to do Jay.
  • #16,350
  • Jan 17, 2013 4:13am Jan 17, 2013 4:13am
Here we are... 3360 entering the Upper top of the region. H1 forming a ROUNDED BOTTOM.

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  • #16,351
  • Jan 17, 2013 4:43am Jan 17, 2013 4:43am
i see a bump at 1.3412 so this can stop this too... otherwise my tp also at 1.3425 and a pending short there... tomorrow is friday - usually surprises us so i expect if price lingers up in the 1.34 region until tomorrow, there is a possibility we start falling for a proper correction... if not we are going higher and higher
  • #16,352
  • Jan 17, 2013 6:38am Jan 17, 2013 6:38am
Little long I took on the drive to work, placed the order around 35 mins ago at the close of the last hourly bar. Entry was 3362 and I am looking for a return back to 3400. SL is just below that last hourly bar at 3347 because quite frankly if we take out 3347 I no longer want to be long and it sets me up for a possible 2:1 before we even make it to 3400.

We saw LO give a nice wide range push up bar followed by an effort to rise that was met with some latent supply remaining at 3350. Then we get a push up and out of the zone closing above this upper resistance for the first time since we re-entered during Tuesday afternoon trading. I saw that weak downbar as lack of downside interest which also hit and tested that broken resistance showing it should now be support.

The high of that UT (upper orange line) has been keeping the upmove contained thus far so I hope the take it out with force shortly for the next push up. There is a 13 pip zone on either side of that 3350 level that contains supply at various points. You can see at the points I marked 1,2 and 3 how each of the 3 bars that made initial contact with each level has reacted as they touched these points. You can see the supply creating effort to rise up and through each. Each bar however requires less and less effort to take out the next level as the supply is removed.

Sorry for the late post but I just got to work so I could post a chart and this reply.

As I type this 3365 is still being a tough nut to crack but I can't see them stopping here after just taking out 3350. We will see.
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Today's zone = Tomorrow's opportunity!
  • #16,353
  • Jan 17, 2013 7:23am Jan 17, 2013 7:23am
Quoting T@rantula
Yes. Look.

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H4 Secondary Guppy Expansion

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  • #16,354
  • Edited 8:28am Jan 17, 2013 8:13am | Edited 8:28am
Quoting pres78
As I type this 3365 is still being a tough nut to crack but I can't see them stopping here after just taking out 3350. We will see.
Something I missed or overlooked when I took the trade. I was focused on the break of 3365 when really I should have been as focused if not more so on 3375. This is the high of the bar that started the 3 bar bull trap reversal and was the highest tick volume / activity bar to close above the 3350 level (including today's initial close above)

Once I saw the lack of topside interest on that weak upbar / UT into 3375 and then that next bar (last closed bar) started up and then headed down towards my entry I decided to close out and wait for a new reaction at 3350. The last hourly bar closed very bearish completly engulfing / undoing the last four bars and closing back below 3350. I went short just below this bar at 3340 looking for reactions at 3325 first. Would add on again if we see a weak approach back into 3350.
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Today's zone = Tomorrow's opportunity!
  • #16,355
  • Jan 17, 2013 9:17am Jan 17, 2013 9:17am
Quoting cdndollar
H4 Secondary Guppy Expansion

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H1 Hammer off Guppy+Interest

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  • #16,356
  • Jan 17, 2013 9:24am Jan 17, 2013 9:24am
Price is consolidating around 3355, 2nd swing long could have been exploited around 3342, soon we will have some profit taking and need to get ready for EOD. If shorts close their positions or cover it may push to 3400, then tomorrow is buy into retrace again.

Today its been all about longs and if the price drops to 3325 as a retrace watch for buying opportunities there again. 3335 acts as interim support while 3360 is interim resistance.

EX YU traders are also happy with profits today, as always details on MY BLOG.
  • #16,357
  • Jan 17, 2013 9:31am Jan 17, 2013 9:31am
Quoting cdndollar
H1 Hammer off Guppy+Interest

Attachment
Look at buying interest at 3335, now we are entering into profit taking hours.
  • #16,358
  • Jan 17, 2013 9:42am Jan 17, 2013 9:42am
Quoting T@rantula
Look at buying interest at 3335, now we are entering into profit taking hours.
yes, lots of buy on dip interest with EURGBP streaking towards .84 & EURJPY well supported above 118.88..while Cable is the temporary loser with today's PA..
  • #16,359
  • Jan 17, 2013 10:04am Jan 17, 2013 10:04am
Nice trending day i love it.
  • #16,360
  • Jan 17, 2013 11:27am Jan 17, 2013 11:27am
Quoting infinitus
and now on it from below



damn it, had my TP set to 3307, missed by a mere 2 pips


and from below again (test of blue channel line)
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