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  • #789,221
  • Apr 17, 2013 2:20pm Apr 17, 2013 2:20pm
Quoting vlady1974
Looking for EJ to lead the way... but EU probably back at 40s thru to 60s. If you can handle a 30 pip SL, your TP can increase in size. Target 1.2946 and that's 100 pips, for risk of 30, if you see what I'm saying. EDIT: Forgot to mention that you could reload for another position at 1.3052 for example, SL @ 15..... If your trade goes your way, then you're in profit by 22 by the time 3030 arrives from which your SL moves to -15 once it breaks below. I have it on good authority that EJ will tank. Again, Money Management and Risk management will be...
thanks man my sl is actually set at -60 so i can handle -30 and hoping for a nice 60 pip tp so its rr 1:1

but i was just +20 and even
  • #789,222
  • Apr 17, 2013 2:36pm Apr 17, 2013 2:36pm
Quoting Likerty
Considering recent 5340's rejection it looks bearish ofcourse.. But, dount you think that this breakout swing (blue) still has unfinished bull targets above 5340's? I guess, untill 5030 holds as last HL, these prospects still intact...? {image}
thats the million $ question... i have 43xx as a target. the white candle today looks like a valid cross. it has not gone to 55xx.. but it has hit a fib at rejection. it may want 55xx.. but i dont see a reason to fight it yet. in hindsight it did bounce off the 1/4 channel level.. between is a no trade for me. it will go back to the mid or that 1/4 mark.. a bounce from either may be trade able. with proper mm.. 530xx or today's low ish.
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those who can, do. those who cant, talk about those who can
  • #789,223
  • Apr 17, 2013 2:40pm Apr 17, 2013 2:40pm
Quoting gatorinla
i dont have a target.. i do have a new bull wave #1 at 3124... this will change with a LL,, but atm.. i am bearish as long as pa doesn't give a signal pointing above 3124.. the 3086 area is just a normal retrace. just as 2972 is one..
very good. i have short signal 3120 - 3122 with target 2972

if we go to 3120 - 3122 i will short
looking for investors . pm me
  • #789,224
  • Apr 17, 2013 2:43pm Apr 17, 2013 2:43pm
also long 3022. with target 3080
looking for investors . pm me
  • #789,225
  • Apr 17, 2013 2:51pm Apr 17, 2013 2:51pm
Quoting kbmoonshinex
very good. i have short signal 3120 - 3122 with target 2972 if we go to 3120 - 3122 i will short
let me explain.. i have a bull setup to #1 at 3124.. i dont expect it.. 3086 is more normal.. but that is fighting city hall.. i will look for a short if we get there. i dont have a target to those built on current pa. i just use 3086/3200 as a place where mm makes more sense. just like a L at or below 2972. i dont care about the crap between.. if i was bullish at 2972 i would L if analysis agreed. and short, if it agreed at 3186/3200 ish.. the outer # is better for risking less pips. .
those who can, do. those who cant, talk about those who can
  • #789,226
  • Apr 17, 2013 2:53pm Apr 17, 2013 2:53pm
Quoting gatorinla
let me explain.. i have a bull setup to #1 at 3124.. i dont expect it.. 3086 is more normal.. but that is fighting city hall.. i will look for a short if we get there. i dont have a target to those built on current pa. i just use 3086/3200 as a place where mm makes more sense. just like a L at or below 2972
do you holding your trade from 3197 ?

everything understand.
looking for investors . pm me
  • #789,227
  • Apr 17, 2013 2:54pm Apr 17, 2013 2:54pm
Quoting gatorinla
thats the million $ question... i have 43xx as a target. the white candle today looks like a valid cross. it has not gone to 55xx.. but it has hit a fib at rejection. it may want 55xx.. but i dont see a reason to fight it yet. in hindsight it did bounce off the 1/4 channel level.. between is a no trade for me. it will go back to the mid or that 1/4 mark.. a bounce from either may be trade able. with proper mm.. 530xx or today's low ish. {image}
Thanks a lot!
69
  • #789,228
  • Apr 17, 2013 2:55pm Apr 17, 2013 2:55pm
"USDJPY vs EURUSD" - ZeroHedge
Could not sum it up better.
"You're solid gold, see you in hell"
  • #789,229
  • Apr 17, 2013 2:57pm Apr 17, 2013 2:57pm
Quoting kbmoonshinex
do you holding your trade from 3197 ? everything understand.
yes.. but i closed some too..
those who can, do. those who cant, talk about those who can
  • #789,230
  • Apr 17, 2013 3:05pm Apr 17, 2013 3:05pm
next h close -3033, should be good for bears. 3101 may be that R. in days to come.
those who can, do. those who cant, talk about those who can
  • #789,231
  • Apr 17, 2013 3:06pm Apr 17, 2013 3:06pm
Quoting gatorinla
next h close -3033, should be good for bears. 3101 may be that R. in days to come.
close was 30275 still good for bears?
  • #789,232
  • Apr 17, 2013 3:17pm Apr 17, 2013 3:17pm
Quoting msetai
close was 30275 still good for bears?
i dont know.. it was inside on the h. i was waiting for the next h
those who can, do. those who cant, talk about those who can
  • #789,233
  • Apr 17, 2013 4:04pm Apr 17, 2013 4:04pm
Quoting gatorinla
i dont know.. it was inside on the h. i was waiting for the next h
Closed around same area right? 297
  • #789,234
  • Apr 17, 2013 4:24pm Apr 17, 2013 4:24pm
I might have to exit my short and then look to reenter higher up...thoughts?
  • #789,235
  • Apr 17, 2013 4:49pm Apr 17, 2013 4:49pm
It doesn't have strength to go up.
Stop going for the easy buck
  • #789,236
  • Apr 17, 2013 4:59pm Apr 17, 2013 4:59pm
Quoting TsunamiPL
It doesn't have strength to go up.
markets closed...
  • #789,237
  • Apr 17, 2013 5:03pm Apr 17, 2013 5:03pm
Quoting msetai
Closed around same area right? 297
it engulfed the bull day candle. at a good R. it should be bearish, but that dont mean we will not retrace some.
those who can, do. those who cant, talk about those who can
  • #789,238
  • Apr 17, 2013 5:25pm Apr 17, 2013 5:25pm
Quoting gatorinla
it engulfed the bull day candle. at a good R. it should be bearish, but that dont mean we will not retrace some.
and that you are expecting to like the 3080/90 area?
  • #789,239
  • Apr 17, 2013 5:30pm Apr 17, 2013 5:30pm
Took a small short on EJ @ 1.27947, SL 15 (tight).
Don't usually take overnight trades, but I want to test Asia and the EY prices.
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A pip is only worth it if you know how much you risked to earn it
  • #789,240
  • Apr 17, 2013 5:39pm Apr 17, 2013 5:39pm
Quoting fibstalker
Good morning all, as anticipated yesterday Scenario 1 is playing out, so I would be very careful selling the EUR/USD. Not until we get into the 1.3340-60 area. At that point a retrace into the 1.3140 area is possible. Have a great day. Good luck.

Hello all,
quick update on Euro FX futures, Dollar Index and S&P500 (no pictures sorry, but you can check the video on my blog).

Euro-Dollar FX currency futures

While lots of people think this is the start of a resumed move lower, I think this move lower is due to failure of a continuation higher in the lower timeframes.

Scenario 1. The upmove in the Euro is still intact and the current move lower is going to be an opportunity for bulls to add to their long positions. We have support starting at the 1.3040 area and if price does not pierce the 1.30 level, we could see a lift starting here into 1.3280 and then 1.3410 area before a larger retrace.

Scenario 2. If the 1.30 level is pierced on the downside price is going to move into the next area of anticipated long participation starting at 1.2980. Below 1.2926 there will still be the 1.2915-20 area of previous support.


Dollar Index futures.

I am sure a lot of people are interpreting today’s move like a confirmation that the Dollar bulls is still intact. Last week, however, an important extension area starting at 83.20 has failed. Failure came with DX price piercing the 82 level on the downside. The current move higher is probably due only to major pairs (EUR/USD, GPB/USD and USD/CAD) setting up for the next measured move (maybe with the exception of the USD/CAD which is trading the next traditional long, after failing the current sequence). The Dollar Index is trading the next short setup and resistance area starting at 82.70 and will keep its bearish stance below 83.15


S&P500 futures.

The S&P500 started profit taking right at the 1,593 highs, second target of the larger move started in November last year.


Scenario 1. The up-move in the stock index has not ended, but just paused. The next long setup and strong participation on the upside can be found starting at the 1,526 area. If price never moves below the 1,508 level we could witness a continuation higher in the summer into the 1,624 first target, and even higher into the 1,675 level.
Scenario 2. However, below 1,508 price could slide into the next larger (weekly) long setup and participation higher down at 1,416. I don’t think the FED will allow it at this stage.

As always I am interested in your thoughts.
Have a great eve.
Cheers
-fibstalker
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