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  • #757,701
  • Feb 12, 2013 5:42am Feb 12, 2013 5:42am
Quoting kbmoonshinex
and your target bro ?
rr 1/3 risk 11 so need 33ish 1st target 3427

looks like catch a dagger, but I got a couple resist 60 -65ish falling tl 1hr 50fib etc etc, am in no hurry will see what pa is prepared to give up

ps shit guy just above me similar chart ;-)
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  • #757,702
  • Feb 12, 2013 5:43am Feb 12, 2013 5:43am
Quoting Z3iz3i
Nice clearing.

Did bang stops on futures and options. I guess 42/3 will give some support ahead of 30 and that should really support further upmove which would be a test of 1.35.
yes I have 32/4 to hold ahead of 20 but so far 45 is doing fine, either way no signs so far of a sharp pullback
  • #757,703
  • Feb 12, 2013 5:43am Feb 12, 2013 5:43am
Quoting fibstalker
Nice PA action on the Euro.
Let me post a chart update for what we could/need to see in the Euro:

Attachment

The Scenario 2b indicated in the morning (check my prev post) is playing out. The 1.3451 threshold is now gone. We have two other important levels above current price that could now be violated on the upside (and there is now a good probability they will).
First is the 1.3510 level and then is the 1.3580 level.

The violation on the upside of the 1.3510 level would confirm the support area at 1.3360 also on the daily timeframe....
I certanly wouldn't need to see those levels "violated". I think perhaps the bears have been raped enough ?
  • #757,704
  • Feb 12, 2013 5:47am Feb 12, 2013 5:47am
Finally 1.346x hit.
  • #757,705
  • Feb 12, 2013 5:49am Feb 12, 2013 5:49am
getting ready to short again
50 would be good entry if RSI is high
Trade What You See Not What You Want To See
  • #757,706
  • Feb 12, 2013 5:49am Feb 12, 2013 5:49am
Quoting KiwiTrada
rr 1/3 risk 11 so need 33ish 1st target 3427

looks like catch a dagger, but I got a couple resist 60 -65ish falling tl 1hr 50fib etc etc, am in no hurry will see what pa is prepared to give up

ps shit guy just above me similar chart ;-)
Yea !! well It's really a simple chart . I hope it goes where it goes
  • #757,707
  • Feb 12, 2013 5:50am Feb 12, 2013 5:50am
More power to you Spacy, I'd like to see them violated because as it goes up it can go down. There is still a dangling short on the daily chart. Be assured that some programs and professionals would be willing to sell at those levels or below them.
Let's see what price brings , but I agree we might be out of the woods.... for now...

Quoting SpacyTrader
I certanly wouldn't need to see those levels "violated". I think perhaps the bears have been raped enough ?
"markets traded by programs/HFT offer a significant trading edge..."
  • #757,708
  • Feb 12, 2013 5:50am Feb 12, 2013 5:50am
Quoting Fxnewdeal
Finally 1.346x hit.
"markets traded by programs/HFT offer a significant trading edge..."
  • #757,709
  • Feb 12, 2013 5:51am Feb 12, 2013 5:51am
Quoting Fx-gtg
1.3465 and 1.3490 are resistance next week. if we ever get there.
first R did its job i am looking at mid 1.31 in coming weeks
  • #757,710
  • Feb 12, 2013 5:52am Feb 12, 2013 5:52am
Quoting brio
I am st long on eu TP 1.3460
This was earlier post.
TP hit at 1.3460
Maximizing your potentials!
  • #757,711
  • Feb 12, 2013 5:53am Feb 12, 2013 5:53am
Agree with Doom offer at 1.3470-80, but above 1.3505 it's open air...

Quoting MaxDoom
ummm not for me I think we shall see more upside today, I would expect the next proper offers around 3480 but then by that very fact there will be tasty stops above them, depends how much buying power is left on the table, and bearing in mind my best mate draghi is yet to come I suspect there are some reserves ready to enter, just my opinion of course, and that does mean no retrace first
"markets traded by programs/HFT offer a significant trading edge..."
  • #757,712
  • Feb 12, 2013 5:53am Feb 12, 2013 5:53am
Quoting KiwiTrada
rr 1/3 risk 11 so need 33ish 1st target 3427

looks like catch a dagger, but I got a couple resist 60 -65ish falling tl 1hr 50fib etc etc, am in no hurry will see what pa is prepared to give up

ps shit guy just above me similar chart ;-)
i think you are right
looking for investors . pm me
  • #757,713
  • Feb 12, 2013 5:54am Feb 12, 2013 5:54am
Quoting brio
1.3460 should be on the card 2day b4 Draghi speech!
who took me on this! lol!
Maximizing your potentials!
  • #757,714
  • Feb 12, 2013 5:54am Feb 12, 2013 5:54am
Quoting fibstalker
More power to you Spacy, I'd like to see them violated because as it goes up it can go down. There is still a dangling short on the daily chart. Be assured that some programs and professionals would be willing to sell at those levels or below them.
Let's see what price brings , but I agree we might be out of the woods.... for now...
Yeah. Let's also see what Draghi brings to the table. Chances are he'll talk down the euro some more. 1.31 would be nice.
  • #757,715
  • Feb 12, 2013 5:56am Feb 12, 2013 5:56am
drop further
3427-28 may hold to go up...watching closely
  • #757,716
  • Feb 12, 2013 5:57am Feb 12, 2013 5:57am
Long 126.60 tp 126.92 then the drop will comeee but thats me only
  • #757,717
  • Feb 12, 2013 6:02am Feb 12, 2013 6:02am
Quoting Riskee
I would really fade the rally Up , the current downtrend comes along with the 50% Fibo , Most probably this will continue to 32XX . Use tight SL above the trend line
damn you forced me in to knocking up some charts - I was going for coffee....

your view is fine and of course possible here is my current take....

Daily: has been on the rise and is potentially on the 5th wave of a trend move targeting lines on the chart range 1.377x to 1.40xx

H4 if we look at the retracement that is shown w4 on the daily but look at it on the h4 chart we can see that it has:

1. retraced 50% of the last full swing (w2-w4 on daily) 1.299x to 1.370x
2. it is a good ABC retrace from 1.370x turning right in the target zone for that retrace
3. the retrace is also 78% of the swing from 1.325x to 1.370x

all of which is why I have only been trading longs
Attached Image (click to enlarge)
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Attached Image
  • #757,718
  • Feb 12, 2013 6:03am Feb 12, 2013 6:03am
Quoting Riskee
Yea !! well It's really a simple chart . I hope it goes where it goes
I have very similar, I prefer simple charts, but watching swissy also I have more at stake on her than eu, time will tell
If you are new to Forex? Say Goodbye to your account!!
  • #757,719
  • Feb 12, 2013 6:04am Feb 12, 2013 6:04am
Quoting Stonar901
Long 126.60 tp 126.92 then the drop will comeee but thats me only
Just out of interest, I see this a lot, no idea what it means though, when some folks use 126.xx when I see 134xx, what are you referring to?
Disclaimer: I'm still new to forex
  • #757,720
  • Feb 12, 2013 6:06am Feb 12, 2013 6:06am
Quoting EpsilonVaz
Just out of interest, I see this a lot, no idea what it means though, when some folks use 126.xx when I see 134xx, what are you referring to?
He's talking about EURJPY.
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