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  • #16,701
  • Feb 19, 2013 7:33am Feb 19, 2013 7:33am
Quoting jaylovin
this... basically nothing is happening and we wait for some kind of real move to take place...
20 pip range....wtf...this is so annoying.
  • #16,702
  • Feb 19, 2013 7:51am Feb 19, 2013 7:51am
The only thing this can be traded by 60-40 % of risk win to lose chance is put pending orders around 3260-70 and 3425-35 with 35 pip stops.
  • #16,703
  • Feb 19, 2013 8:33am Feb 19, 2013 8:33am
Same thing again in LO/US cross session. I would like EU to jump to 3425-30. Id short it with 35 pip stop
  • #16,704
  • Feb 19, 2013 10:03am Feb 19, 2013 10:03am
It seems we will be stuck in this range even more...

Im out for the day.. nothing tradeable.
  • #16,705
  • Feb 19, 2013 4:25pm Feb 19, 2013 4:25pm
Murrey Math and Market Profile levels to watch


I do think first up then down.


Ideally 3405-3428 up, then down towards 3336, extended 3312 to 3306

Risk on 4h TF is 3458 to 3489


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  • #16,706
  • Edited 2:34am Feb 20, 2013 2:16am | Edited 2:34am
Quoting infinitus
Murrey Math and Market Profile levels to watch


I do think first up then down.


Ideally 3405-3428 up, then down towards 3336, extended 3312 to 3306

Risk on 4h TF is 3458 to 3489


Attachment
Hey Markus and traders,

Yesterday we hit 3435 zone is Asia session, so ideally would be to buy into a dip later on. 3380-70 would be good. However I think target is weekly resistance, somewhere around 3470. 3460-80 zone is good for shorts with stops around 3510.



The pair is in downchannel and if this is indeed retracement we shouldnt get above 3500.


Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 330 KB


You can also read this on my FX Blog.
  • #16,707
  • Feb 20, 2013 4:12am Feb 20, 2013 4:12am
Good morning fellow traders,


3525, for me, might be the bullish trigger


As you can see in the following pictures, we are longer term still in uptrend (since last summer). Breach of around 3280 (depends on how the channel is drawn) would put us in bearish waters.

daily TF

Attached Image (click to enlarge)
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4h TF

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_4 Hours_snapshot.png Size: 58 KB


On shorter TF, shown is the 2h TF, we are within the red downsloping EW base channel. Break above 3450-3460 will give the bulls power.

Do not bother with the count - right now it is nothing more than a bearish idea.


2h TF

Attached Image (click to enlarge)
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  • #16,708
  • Feb 20, 2013 4:35am Feb 20, 2013 4:35am
Quoting infinitus
Good morning fellow traders,


3525, for me, might be the bullish trigger


As you can see in the following pictures, we are longer term still in uptrend (since last summer). Breach of around 3280 (depends on how the channel is drawn) would put us in bearish waters.

daily TF

Attachment



4h TF

Attachment

On shorter TF, shown is the 2h TF, we are within the red downsloping EW base channel. Break above 3450-3460 will give the bulls power.

Do not bother with the count - right now it is nothing more...
Hey mate thanks for updates. I agree with your overview. Basically a breach of 3505 would negate bearish outlook. Look at the trendline topping out at 3435. It was good for placing stops just above there for this lower breakout. 3390 held it but i assume it was triggered by gbp weakness and stop clearing at 3398.

Now we can try to short it again with a tight stop around 3460-70 if we get there as next resistance comes in way after the break of 1.3435.
  • #16,709
  • Feb 20, 2013 6:02am Feb 20, 2013 6:02am
DPP has been tested. EU should not get below 3355 if it wants to maintain the uptrend. If that happens 3435 was THE correction and we are probably heading to 3280. If 3355 holds as intraday support, we might see another test of 3435 later.
  • #16,710
  • Feb 20, 2013 6:39am Feb 20, 2013 6:39am
Quoting T@rantula
DPP has been tested. EU should not get below 3355 if it wants to maintain the uptrend. If that happens 3435 was THE correction and we are probably heading to 3280. If 3355 holds as intraday support, we might see another test of 3435 later.


was thinking of same scenario some numbers may differ 3348 to 3352 and 3266 rather its good to have it above 34 than below it
finding A M S
  • #16,711
  • Feb 20, 2013 6:40am Feb 20, 2013 6:40am
fomc also tonight
  • #16,712
  • Feb 20, 2013 8:16am Feb 20, 2013 8:16am
We have had 2 patterns. H4 and H1 timeframes. Do u recognize it?

So far 3370-80 has been good for long scalp.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #16,713
  • Feb 20, 2013 10:16am Feb 20, 2013 10:16am
Again:

if 3435 is THE RETRACEMENT we needed this is gonna go to 3280 and if it breaks 3220 3180.
  • #16,714
  • Feb 20, 2013 2:09pm Feb 20, 2013 2:09pm
Quoting T@rantula
Again:

if 3435 is THE RETRACEMENT we needed this is gonna go to 3280 and if it breaks 3220 3180.
3280 hit.

Tomorrow analysis will be posted as usual.
  • #16,715
  • Feb 20, 2013 3:08pm Feb 20, 2013 3:08pm
Quoting T@rantula
3280 hit.

Tomorrow analysis will be posted as usual.
Hi T.,

am looking a 3214 to 3184 minimum right now
  • #16,716
  • Feb 20, 2013 6:09pm Feb 20, 2013 6:09pm
Levels for today


First a drop towards 3245, extended 3214 seems to be in the cards. After that a retracement towards 3306 to 3336 may occur.


Max. risk to the downside seems to be 3184-3163.
max. risk to the upper side seems to be 3336-3367; extended 3382-3397


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  • #16,717
  • Feb 20, 2013 6:39pm Feb 20, 2013 6:39pm
Quoting infinitus
Levels for today


First a drop towards 3245, extended 3214 seems to be in the cards. After that a retracement towards 3306 to 3336 may occur.


Max. risk to the downside seems to be 3184-3163.
max. risk to the upper side seems to be 3336-3367; extended 3382-3397


Attachment
from EW perspective first a small pop to 330x may be appropriate before further down
  • #16,718
  • Feb 20, 2013 7:30pm Feb 20, 2013 7:30pm
EU


right now from fib perspective 3225 to 3255 may be a good buy area


sell between 3303 and 3336 with TP around 3255 and 32255

buy between 3225 and 3255 (Murrey math: 3214 to 3245)



if price does reach the DPP before the drop towards 3245, then above scenario is valid


if price does not reach DPP but only to around 330x, then a somewhat steeper drop towards 3194, 3184 or even 3163 may be expected.

In this case place the bigger amounts of buy orders into the 3194-3163 area
  • #16,719
  • Feb 20, 2013 8:22pm Feb 20, 2013 8:22pm
EW count very bearish scenario


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  • #16,720
  • Feb 21, 2013 2:42am Feb 21, 2013 2:42am
Hey guys,

This was faster then me. While I was doing analysis it fell so hard. EU targets 3203 3185 3150. Head ans Shoulders pattern on Daily TF.

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