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  • #38,221
  • Mar 15, 2013 7:40am Mar 15, 2013 7:40am
Happy Friday rehorst, good point, besides, where would you short from?
Quoting rehorst
I want to short but why risk ending a profitable week on a sour note?
  • #38,222
  • Mar 15, 2013 7:45am Mar 15, 2013 7:45am
Quoting Lucrativ
Happy Friday rehorst, good point, besides, where would you short from?
We reached a deep Fib on the H1.
Attached Image
  • #38,223
  • Mar 15, 2013 7:47am Mar 15, 2013 7:47am
Quoting rehorst
I want to short but why risk ending a profitable week on a sour note?
We've just broken a very major TL. I'd rather be looking areas to buy then to short.
But that's just my opinion.

4H chart
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 77 KB
  • #38,224
  • Mar 15, 2013 7:59am Mar 15, 2013 7:59am
Quoting mok1one
We've just broken a very major TL. I'd rather be looking areas to buy then to short.
But that's just my opinion.

4H chart
I think a good place is 13130.....13140...there is a place ti buy for me.,. but might be a good place to let few shorts.. 13120..13125...
  • #38,225
  • Mar 15, 2013 8:01am Mar 15, 2013 8:01am
I'm reall iffy about taking profits here at this point, kinda seeing like this badboy wanna run up to the 3250 and yea Mokone1, a major line has been broken...
Attached Image (click to enlarge)
Click to Enlarge Name: trendline broken.gif Size: 32 KB
  • #38,226
  • Mar 15, 2013 8:04am Mar 15, 2013 8:04am
Quoting aurel_79
I think a good place is 13130.....13140...there is a place ti buy for me.,. but might be a good place to let few shorts.. 13120..13125...
3125-30 area seems pretty good. Have my target there.

30MIN chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 30min.jpg Size: 154 KB
  • #38,227
  • Mar 15, 2013 8:06am Mar 15, 2013 8:06am
i'm locking some profits in, moving stops to 3056?
Thinking i'm gonna leave this in see if it takes a ride up to 3250? Mokone1, any thoughts good brotha?
  • #38,228
  • Mar 15, 2013 8:09am Mar 15, 2013 8:09am
Quoting Lucrativ
i'm locking some profits in, moving stops to 3056?
Thinking i'm gonna leave this in see if it takes a ride up to 3250? Mokone1, any thoughts good brotha?
Could run up to 3250 for sure and even further- but i don't see this happening today.
Today my max target would be around 3150 and then range till market close.
My target right now is 3125 and when that's hit i'm done for the week.
  • #38,229
  • Mar 15, 2013 8:11am Mar 15, 2013 8:11am
Kool, i've got mine originally in that area too 3119's, just about +100 if it pans out. Altough i'm a bit trigger finger today!
Quoting mok1one
Could run up to 3250 for sure and even further- but i don't see this happening today.
Today my max target would be around 3150 and then range till market close.
My target right now is 3125 and when that's hit i'm done for the week.
  • #38,230
  • Mar 15, 2013 8:13am Mar 15, 2013 8:13am
Quoting Lucrativ
Kool, i've got mine originally in that area too 3119's, just about +100 if it pans out. Altough i'm a bit trigger finger today!
Don't forget that any profit is still a profit
  • #38,231
  • Mar 15, 2013 8:24am Mar 15, 2013 8:24am
Hello all,
Euro going up as anticipated in past analysis.This is an update on the 4-hour chart.

By piercing on the upside the level I have indicated yesterday,i.e. 1.3020, price confirmed the 1.2900 area of support. It does not mean that area could not be retested, but with a confirmation, a potential retest should now hold.

The 1.3010 extension long setup on the 4-hour chart held yesterday and brough price into the 1.3060 area (1st target) and then the 1.3080 area (2nd target). Next support and long entry now at 1.3075

http://www.forexfactory.com/attachme...1&d=1363353467

My two scenarios as usual (see picture above):

Scenario 1. If the 1.3066 level is pierced on the downside there are two important level to watch where we could see bounces. The first level is 1.3015-20 area, while the second is the 1.2980 area. We don't know where price will stop and reverse. If we get this move lower now this is will be the opportunity for Program Trading to establish or add to longs. If we don't get the retrace now, we will eventually have a retrace. So don't rush to longs. (notice that sometimes even after breaking below 1.3066 the 'busted' setup can reach the 1.3120 area of target anyway, before correcting lower into the indicated levels)

Scenario 2. The next level of support and long entry is at 1.3075 with a stop below 1.3065. If price holds this long setup we could see the 1.3120 area hit (1st target) and then price hit the 1.3140 area (2nd target)

Let me know what you think.
Thank you
GL

Cheers
G.
"markets traded by programs/HFT offer a significant trading edge..."
  • #38,232
  • Mar 15, 2013 8:26am Mar 15, 2013 8:26am
Quoting mok1one
We've just broken a very major TL. I'd rather be looking areas to buy then to short.
But that's just my opinion.

4H chart
I'm with you on that mok1 that TL was a major break
  • #38,233
  • Mar 15, 2013 8:29am Mar 15, 2013 8:29am
absolutely, and believing in your conviction that it's gonna hit your TP is where the true test of patience come in.
Quoting mok1one
Don't forget that any profit is still a profit
  • #38,234
  • Mar 15, 2013 8:31am Mar 15, 2013 8:31am
Quoting fibstalker
Hello all,
Euro going up as anticipated in past analysis.This is an update on the 4-hour chart.

By piercing on the upside the level I have indicated yesterday,i.e. 1.3020, price confirmed the 1.2900 area of support. It does not mean that area could not be retested, but with a confirmation, a potential retest should now hold.

The 1.3010 extension long setup on the 4-hour chart held yesterday and brough price into the 1.3060 area (1st target) and then the 1.3080 area (2nd target). Next support and long entry now at 1.3075

http://www.forexfactory.com/attachme...1&d=1363353467...
I think price might retrace back to the 4H trendline near 65
  • #38,235
  • Mar 15, 2013 8:37am Mar 15, 2013 8:37am
I believe this is the 2h push here's my target and reasoning off the grey BB
Attached Image (click to enlarge)
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  • #38,236
  • Mar 15, 2013 8:47am Mar 15, 2013 8:47am
Quoting Lucrativ
absolutely, and believing in your conviction that it's gonna hit your TP is where the true test of patience come in.
Don't belive me
Belive in your own charts.

Right now i'm seeing something fishy going on here. EU going down UJ going also down. So not related to last pos news from us.
1H candel wants to close in bearish engulfing making a false breakout?

but bullish divergences forming on smaller tf's. Hope it's the 2nd push up that Bochepus is talking about.
  • #38,237
  • Mar 15, 2013 8:49am Mar 15, 2013 8:49am
Quoting mok1one
Don't belive me
Belive in your own charts.

Right now i'm seeing something fishy going on here. EU going down UJ going also down. So not related to last pos news from us.
1H candel wants to close in bearish engulfing making a false breakout?

but bullish divergences forming on smaller tf's. Hope it's the 2nd push up that Bochepus is talking about.
And the whole move retraced. I'm not liking this.
  • #38,238
  • Mar 15, 2013 8:51am Mar 15, 2013 8:51am
More added to my 2h, i think next 2h candle will let us know where it's going
Attached Image (click to enlarge)
Click to Enlarge Name: 2h2.png Size: 105 KB
  • #38,239
  • Mar 15, 2013 9:04am Mar 15, 2013 9:04am
Hello evreyone! Im flat and listening to the big mentor Mark.E.T.
  • #38,240
  • Mar 15, 2013 9:07am Mar 15, 2013 9:07am
Quoting Bocephus
More added to my 2h, i think next 2h candle will let us know where it's going
Thanks bro, so what about this 2h spark!?
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