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  • #16,561
  • Feb 6, 2013 8:50am Feb 6, 2013 8:50am
Potential bullish tweezers on H1.
  • #16,562
  • Feb 6, 2013 8:52am Feb 6, 2013 8:52am
So 3560 next eventually if we see a clear break. And 3494 held..
  • #16,563
  • Feb 6, 2013 9:05am Feb 6, 2013 9:05am
Yep, tweezers/ railway on H1
  • #16,564
  • Feb 6, 2013 9:16am Feb 6, 2013 9:16am
Quoting T@rantula
Yep, tweezers/ railway on H1
Tweezers?? I am not familiar with this term
  • #16,565
  • Feb 6, 2013 10:30am Feb 6, 2013 10:30am
Quoting jaylovin
Tweezers?? I am not familiar with this term
Its a bullish pattern. You can also see it here: http://www.greenbackforex.net/elearn...%20Bottoms.htm

Its a reversal bullish-bearish pattern, depends if its uptrend or downtrend.
  • #16,566
  • Feb 6, 2013 8:00pm Feb 6, 2013 8:00pm
Today ill be making a break till 14:00 GMT as there will be a lot of news making a huge volatility and possible spikes. One thing to be noted is technically if EU drops below 3458 it will go to 3430 possibly targeting 3350. To the upside 3645 is possible if 3593 breaks.

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  • #16,567
  • Feb 6, 2013 8:21pm Feb 6, 2013 8:21pm
Today's early Asian session still a tug of war around 1.3508 to 1.3520.
  • #16,568
  • Feb 6, 2013 9:16pm Feb 6, 2013 9:16pm
.
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What is any ocean but a multitude of drops?
  • #16,569
  • Feb 6, 2013 10:25pm Feb 6, 2013 10:25pm
Quoting T@rantula
Today ill be making a break till 14:00 GMT as there will be a lot of news making a huge volatility and possible spikes. One thing to be noted is technically if EU drops below 3458 it will go to 3430 possibly targeting 3350. To the upside 3645 is possible if 3593 breaks.

Attachment
checking some threads before run to my work , this the only post i Like IT
One of things i like about ,It show serious trader doing his work with real his effort with sharp eyes
  • #16,570
  • Feb 7, 2013 5:03am Feb 7, 2013 5:03am
Quoting Xhale12
.
Thanx Xhale, It shows perfectly that we are still in uptrend and that we should not mess with it. 3510 held again.

Quoting egkid
checking some threads before run to my work , this the only post i Like IT
One of things i like about ,It show serious trader doing his work with real his effort with sharp eyes
Thanks EG, welcome aboard again!
  • #16,571
  • Feb 7, 2013 8:50am Feb 7, 2013 8:50am
Hello guys here I am. As we can see EU has had spikes in both direction. 3458 got broken, I think many traders who trade breakouts got profits today. Unfortunately I wasnt any close to my trading station so I couldnt make a trade but If i'd been close I would have surely traded this BO.

From TA perspective 3465 and 3485-95 are levels where Id look for shorts. I prefer the latter as its a confluence of L3 and 38.2 support.
  • #16,572
  • Feb 7, 2013 9:48am Feb 7, 2013 9:48am
Quoting T@rantula
Today ill be making a break till 14:00 GMT as there will be a lot of news making a huge volatility and possible spikes. One thing to be noted is technically if EU drops below 3458 it will go to 3430 possibly targeting 3350. To the upside 3645 is possible if 3593 breaks.

Attachment
In this moment EU is 3388 closing to our target 3350. I recommend scaling out as I have 3384 as hourly S/R the only one before 3350.

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The text can also be read on my Forex Blog.
  • #16,573
  • Feb 7, 2013 11:23am Feb 7, 2013 11:23am
Summary of hourly PP ( this hour) for those who still have the trades ongoing or plan to trade:

HPP ( Hourly Pivot point):3389 Support 1:3371 Support 2: 3360 Support 3: 3342

Resistance1 : 3399 Resistance 2: 3417 Resistance 3: 3427
  • #16,574
  • Feb 7, 2013 11:43am Feb 7, 2013 11:43am
Quoting T@rantula
In this moment EU is 3388 closing to our target 3350. I recommend scaling out as I have 3384 as hourly S/R the only one before 3350.

Attachment

The text can also be read on my Forex Blog.
I told you early Like this post and comment about it
  • #16,575
  • Feb 7, 2013 11:44am Feb 7, 2013 11:44am
Quoting egkid
checking some threads before run to my work , this the only post i Like IT
One of things i like about ,It show serious trader doing his work with real his effort with sharp eyes
No much trader like you mr.Spider
  • #16,576
  • Feb 7, 2013 2:05pm Feb 7, 2013 2:05pm
now 3365 is the one to look for.. below that the last one is 3330... if gone then the rectangular box is a cluster zone which is done imo - so price will probably drop through that zone to 3140...

3365 and 3330..
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  • #16,577
  • Feb 7, 2013 2:18pm Feb 7, 2013 2:18pm
H1 €/$

Interesting to watch. Imo, first a little Long before Short again ?

Done a Stop buy at 1.3410 TP 1.3450. It worth a try..
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How to opt out annoying user signatures ??
  • #16,578
  • Feb 7, 2013 4:47pm Feb 7, 2013 4:47pm
Quoting egkid
No much trader like you mr.Spider
Thanks EG, I am trying to help everyone to develop a mindset which is crucial in trading. We may be right we may be wrong but our decisions which is created by our mindset determines our actions. If I say that I will skip the whole trading bid rate day until 14:00 GMT, i really mean it. And there is no way something can unhinge me. I have invested so much in myself and this job that I really try to do it professionally as much as I can.

I am very glad that you are back again and I know that we also can learn from each other as you are also a great and developed trader.
  • #16,579
  • Feb 7, 2013 4:54pm Feb 7, 2013 4:54pm
Quoting Toranaga
H1 €/$

Interesting to watch. Imo, first a little Long before Short again ?

Done a Stop buy at 1.3410 TP 1.3450. It worth a try..
Low volatility dont go blindly. Look at h1 timeframe, a bearish rectangle is forming. If it succeeds thats a bearish pattern and there will be no retracement to 23.6 or 38.2. It will be a straight drop to 3350 3320 and possibly 3295 with minor retracements during the drop.

If it succeeds 3450 is a good region as it coincides with 38.2 fib, WS, and former stop grabber ( breakout pattern). Tomorrow is a profit taking day so lets be careful.

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  • #16,580
  • Feb 7, 2013 8:50pm Feb 7, 2013 8:50pm
EURUSD analysis 8th Feb. 2013

The breakout of 3458 led to 3370 and EUR made its stop grabbing pretty heavily. Short entries could be found between 3440-50 level as we have a good confluence of DPP, 38.2 last swing fib and H3 on H1 TF. Also on H4 TF we can see that WS and 38.2 fib and last breakout level make a good resistance around 3465-70 level. That makes a potential good R:R ratio as targets are 3350 and 3325. If EU breaks 3470 1st target is 3496. Pay attention to profit taking tomorrow.

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You can read the analysis also on my Blog.
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