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Trading EURUSD only

  • #33,881
  • Feb 6, 2013 8:22am Feb 6, 2013 8:22am
Buying EU 1.3515 custom stops at 1.3485. All previous offer levels still remain. You'll have to go through my posts to find it and read the risk and execution disclaimers. This is a catch the bottom type of play. Very small risk for high reward. If this level struggles hard today the Euro is likely to drop more.

#FXFUSE
  • #33,882
  • Feb 6, 2013 8:25am Feb 6, 2013 8:25am
Quoting fibstalker
Good morning,
an update on the Euro, 4-hour chart:

http://www.forexfactory.com/attachme...1&d=1360159757

In days like today, where the daily support as already traded (yesterday at 1.3460 area) and we are waiting for important news (tomorrow's ECB meeting) the market will tend to move sideways finding support at previous traditional measured moves, here 1.3520 and 1.3510 area.

A price falling below...
I, myself was thinking about 3390-3420 demand area and then continuation of the Uptrend with first target around 3850-80
  • #33,883
  • Feb 6, 2013 8:29am Feb 6, 2013 8:29am
Quoting mok1one
I, myself was thinking about 3390-3420 demand area and then continuation of the Uptrend with first target around 3850-80
4H chart of what i was thinking.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 90 KB
  • #33,884
  • Feb 6, 2013 8:41am Feb 6, 2013 8:41am
Mok,
if would get quite worried only if we went below 3390. That area a bit stretched but undeniably the target area for the bears on the short-side from the 1.3580s. I am not sure bulls will allow price to get there, but anything is always possible... Currently I am sticking to the 1.3460 support area and last chart.

Quoting mok1one
I, myself was thinking about 3390-3420 demand area and then continuation of the Uptrend with first target around 3850-80
"markets traded by programs/HFT offer a significant trading edge..."
  • #33,885
  • Feb 6, 2013 8:51am Feb 6, 2013 8:51am
... and here we go.

Fibonacci Stalking says that above 1.3528 bulls are back in control on the 15min chart and support in the 1.3500 area is confirmed.

"markets traded by programs/HFT offer a significant trading edge..."
  • #33,886
  • Feb 6, 2013 1:11pm Feb 6, 2013 1:11pm
Quoting fibstalker
... and here we go.

Fibonacci Stalking says that above 1.3528 bulls are back in control on the 15min chart and support in the 1.3500 area is confirmed.

again, the bull went back to sleep !
  • #33,887
  • Feb 6, 2013 3:26pm Feb 6, 2013 3:26pm
http://www.forexfactory.com/showthre...03#post6425203
8H PA Zone?
Wait, or you will be slaughtered!
  • #33,888
  • Feb 6, 2013 4:45pm Feb 6, 2013 4:45pm
Quoting Miguel.N
again, the bull went back to sleep !
LOL, under charcoal lives a fierce flame
"markets traded by programs/HFT offer a significant trading edge..."
  • #33,889
  • Feb 6, 2013 6:22pm Feb 6, 2013 6:22pm
Hi Traders

Whats cooking

Is Steve still working on his money making machine

I have a cluster of trades up an down

way to many an need to clean them all out

problem is the market is in anal mode

Hope fully to night is the night to make things right
  • #33,890
  • Feb 6, 2013 7:14pm Feb 6, 2013 7:14pm
Closing EU for -5 pips. EZ triggered. Still need to recap this weeks trades, very busy.

New orders on EU. 1.3540 custom buy stop, first take profit at 1.3580 as well as break even + previous offer levels remain. Stop would be 1.3507. Please read my execution rules and disclaimer.

Quoting FXFUSE
Buying EU 1.3515 custom stops at 1.3485. All previous offer levels still remain. You'll have to go through my posts to find it and read the risk and execution disclaimers. This is a catch the bottom type of play. Very small risk for high reward. If this level struggles hard today the Euro is likely to drop more.

#FXFUSE
  • #33,891
  • Feb 7, 2013 2:21am Feb 7, 2013 2:21am
Good Morning,
the 'invisible bid' in the Euro has started. Above 1.3557 spot bulls back in control on the 4-hour chart as well.

Quoting fibstalker
... and here we go.

Fibonacci Stalking says that above 1.3528 bulls are back in control on the 15min chart and support in the 1.3500 area is confirmed.

"markets traded by programs/HFT offer a significant trading edge..."
  • #33,892
  • Feb 7, 2013 2:37am Feb 7, 2013 2:37am
Quoting fibstalker
LOL, under charcoal lives a fierce flame
you were wright, bull came back, up and up....
  • #33,893
  • Feb 7, 2013 2:39am Feb 7, 2013 2:39am
Thanks miguel,
no worries thou I am often wrong...

up, up and away (hopefully) into 1.3830

Have a great day!

Quoting Miguel.N
you were wright, bull came back, up and up....
"markets traded by programs/HFT offer a significant trading edge..."
  • #33,894
  • Feb 7, 2013 2:51am Feb 7, 2013 2:51am
Hello traders,
my up to date view on the Dollar Index (daily chart below is from yesterday's mid-week update):

The 79.90 area in the Dollar Index looks strong resistance at the moment and it's very possible it will be able to contain higher price. The sequence of measured moves higher failed on the 4-hour timeframe. The short setup at 79.90 has targets at 78.50 (1st) and then 77.70 (2nd) helping price into that larger weekly setup's target at 77.50s, which started with the resistance at the 81.60s, in November.

These are the two updated scenarios I see going forward (refer to the picture below):

Attached Image (click to enlarge)
Click to Enlarge Name: DX_trading_plan_daily_20130206.png Size: 63 KB


Scenario 1. Price could start a move lower into the first target at the 78.50 area. It could then continue into the next area of target at 77.70 and into 77.60, after a brief profit taking relief move higher (this is the higher probability scenario).

Scenario 2. After trading down into the 78.50 first area of target price could reverse and start trading higher. This scenario seems less probable at this stage.

Of course we still need further confirmation that the Dollar Index has actually topped in this move. This would coincide with renewed, anticipated strength in the Euro-Dollar cross. Currently the bears are in control of the 15min timeframe and the confirmation of the targets mentioned above and the resistance level would come with price below 79.30. This could take a day or two.

Have a great day.
"markets traded by programs/HFT offer a significant trading edge..."
  • #33,895
  • Feb 7, 2013 2:59am Feb 7, 2013 2:59am
A pull back to the confluence ~ yesterday's close / 50% retrace / 1 day PVP at the London Open gave a great buy signal for this ~50 pip rally. I've taken partials at the 161.8 expansion after the high on lower volume and will buy again ~ the MR 1 level, still looking for the R 1 / PVP confluence for this morning's target before the ECB announcement
Attached Image (click to enlarge)
Click to Enlarge Name: fen 7 € 5m 0850 gmt.gif Size: 26 KB
Trading Levels with WRBs
  • #33,896
  • Feb 7, 2013 3:11am Feb 7, 2013 3:11am
I'm trying to find out if there is an auto-drawn FibFan based on the ZigZag indicator for the anchor points.
Has anyone seen or heard of it?
If not does anyone know if there is an alert box based on a manually drawn FibFan?
Thanks
George
Attached Image (click to enlarge)
Click to Enlarge Name: autofib.gif Size: 42 KB
  • #33,897
  • Feb 7, 2013 3:15am Feb 7, 2013 3:15am
Could not get the EU FibFan/Zigzag chart on the same post.
G
Attached Image (click to enlarge)
Click to Enlarge Name: autofib1.gif Size: 42 KB
  • #33,898
  • Feb 7, 2013 3:20am Feb 7, 2013 3:20am
Quoting 2george
I'm trying to find out if there is an auto-drawn FibFan based on the ZigZag indicator for the anchor points.
Has anyone seen or heard of it?
If not does anyone know if there is an alert box based on a manually drawn FibFan?
Thanks
George
To be honest, every AUTO-drawn fib indis that I have tested (retraces, extensions, channels etc.) are not what I was expecting. They draw these from (IMO) quite random places and alert from random places. Mayby I just haven't found "THE ONE", But I still like to draw them by myself. If you can find one that works wel, I would appreciate if let me know also
  • #33,899
  • Feb 7, 2013 3:24am Feb 7, 2013 3:24am
Quoting Islander
A pull back to the confluence ~ yesterday's close / 50% retrace / 1 day PVP at the London Open gave a great buy signal for this ~50 pip rally. I've taken partials at the 161.8 expansion after the high on lower volume and will buy again ~ the MR 1 level, still looking for the R 1 / PVP confluence for this morning's target before the ECB announcement
http://www.forexfactory.com/showthre...30#post6426230

I'm looking for a Long entry level.
Almost put it on before going to bed last night.
That's the way it goes!
ATM 30min: DX correcting [up - Hammer] EU correcting [down - Shooter].
I will look for a Basing Pattern on a smaller time frame.
Cheers,
U2
Wait, or you will be slaughtered!
  • #33,900
  • Feb 7, 2013 3:34am Feb 7, 2013 3:34am
Quoting 2george
I'm trying to find out if there is an auto-drawn FibFan based on the ZigZag indicator for the anchor points.
Has anyone seen or heard of it?
If not does anyone know if there is an alert box based on a manually drawn FibFan?
Thanks
George

This sounds rather exotic - have you searched all of the Platform Tech Forum? If you don't find anything there then your best bet is ForexTSD
Trading Levels with WRBs
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