will not move TP
SL => BE
TP => 3470
this trade is over.
if I see new formations will trade.
SL => BE
TP => 3470
this trade is over.
if I see new formations will trade.
- #32,370
- Jan 28, 2013 2:10am Jan 28, 2013 2:10am
- Joined Aug 2012 | Status: Trader | 4,266 Posts
he he
you sencronayze yourself last weeks 3260 / 3400 zone weird moves.
that was not normal.
. i don't want to talk about last week To me it was a complete mess. Even though i got green pips every day, i still think it was a mess.
- #32,371
- Jan 28, 2013 2:12am Jan 28, 2013 2:12am
- Joined Dec 2010 | Status: Trader | 18,740 Posts
messy green pips
better then loss
better then loss
Haha
- #32,373
- Jan 28, 2013 2:16am Jan 28, 2013 2:16am
- | Commercial User | Joined Jan 2013 | 1,169 Posts
Good Morning,
added small at 1.3447 this morning to my swing trade.
This is my view on the 4-hour chart for the Euro FX currency futures contract.
http://www.forexfactory.com/attachme...1&d=1359367105
What we saw so far in the Euro could be it for the retracement this week. Mondays print usually the high or low of the week. We will see, Mondays are also very dodgy days, because participation is not at full throttle so we could still see lower prices.
I believe we have targets above in the 1.3600 and 1.3670-1.3720 area before a deeper retracement (but what I believe is not very important, market is the king and price will tell...
)
We have an important resistance level at the 1.3510 area. I anticipate a mild retracement there but price could just slice through it like it was not even there
If the move lower is not completed yet following are the levels of support I see if we get a deeper correction today or at the beginning of the week:
- first is 1.3405-1.3418 (matching previous highs);
- second is a full retracement from Wednesday lows at the 1.3380 area;
- third is the next daily extension long at the 1.3300 area.
Of course anything can happen and I will re-evaluate the Euro should price move below the 1.3250 level. I do not anticipate that happening though.
Have a great trading day and trade safe, after all is Monday.
Let me have your comments. Thanks
Cheers
added small at 1.3447 this morning to my swing trade.
This is my view on the 4-hour chart for the Euro FX currency futures contract.
http://www.forexfactory.com/attachme...1&d=1359367105
What we saw so far in the Euro could be it for the retracement this week. Mondays print usually the high or low of the week. We will see, Mondays are also very dodgy days, because participation is not at full throttle so we could still see lower prices.
I believe we have targets above in the 1.3600 and 1.3670-1.3720 area before a deeper retracement (but what I believe is not very important, market is the king and price will tell...
)We have an important resistance level at the 1.3510 area. I anticipate a mild retracement there but price could just slice through it like it was not even there
If the move lower is not completed yet following are the levels of support I see if we get a deeper correction today or at the beginning of the week:
- first is 1.3405-1.3418 (matching previous highs);
- second is a full retracement from Wednesday lows at the 1.3380 area;
- third is the next daily extension long at the 1.3300 area.
Of course anything can happen and I will re-evaluate the Euro should price move below the 1.3250 level. I do not anticipate that happening though.
Have a great trading day and trade safe, after all is Monday.
Let me have your comments. Thanks
Cheers
"markets traded by programs/HFT offer a significant trading edge..."
- #32,374
- Jan 28, 2013 2:18am Jan 28, 2013 2:18am
- Joined Dec 2010 | Status: Trader | 18,740 Posts
my comment as posted earlier
you better indicate your trade direction
LG or SH
you better indicate your trade direction
LG or SH
Good Morning,
added small at 1.3447 this morning to my swing trade.
This is my view on the 4-hour chart for the Euro FX currency futures contract.
http://www.forexfactory.com/attachme...1&d=1359367105
What we saw so far in the Euro could be it for the retracement this week. Mondays print usually the high or low of the week. We will see, Mondays are also very dodgy days, because participation is not at...
- #32,379
- Jan 28, 2013 2:36am Jan 28, 2013 2:36am
- Joined Dec 2010 | Status: Trader | 18,740 Posts
every MESS followed by a TREND
every TREND followed by MESS
this time TREND turn
every TREND followed by MESS
this time TREND turn
you may say those are not big issues.
but when calculated in macro outlook those zones cost alot of money to many instutution I am sure.
totally mess zone.
this will be compansated soon with a big trend
- #32,380
- Jan 28, 2013 2:38am Jan 28, 2013 2:38am
- Joined Oct 2012 | Status: private | 2,606 Posts
every MESS followed by a TREND
every TREND followed by MESS
this time TREND turn
it ist light at the end of the tunnel or just an incomming train
just do it