EURUSD

THINKING about taking a long.

Reason: PA above 5 SMA , closing in on 15 SMA and RSI# +50

However 30M PA near resistance and 1M has red candles so will wait for a change

could be 50% is @ 1440 55 I tried build into it but she just froze sideways, dont like sideways with her either up or down, spread is too hard for sideways crap
swissy looks like popping may help eu bears, but I hate Mondays

Long @ 48

Reason PA above 5&15 SMA RSI3 +50

30M PA still fighting resistance but gaining but not near FIBs or Supply zone

1M white candle

same entry dude

if one Hour candle close bellow 1.3040 that mean we are going to 1.2977 today or tomorrow

Cool. I am just trying to scalp a few as always.

The 5&15 crossed now with PA above it which is usually a good sign for a long pos.

The number of 50 is providing some psycho resistance.

IMO 1.30 is the important level to consider. Gonna try a short below 1.3000.

1.29

EUR tech

EURUSD: No change: “After stalling for several days at the 38.2% Fibonacci retracement from the Jul’12 low to the Feb’13 high at 1.3075, the EURUSD had surged to its highest level since February 25, when the inconclusive Italian election results were announced. But the bullish momentum was short-lived, with the pair falling right back below 1.3075 within a day. The daily RSI uptrend is starting to falter, suggesting that a big move higher will be necessary to sustain a near-term bullish outlook. For now, further upside should be capped by 1.3200/05, at which point 1.3245/325 should be a major zone of resistance above. Declines should be supported by the 8-EMA/21-EMA confluence zone at 1.3020/65, and given retail sentiment, we expect the EURUSD rally to continue.”

EUR Sticks To Middle of Range

 

1. EUR/USD -0.2%; GBP/USD -0.01%; USD/JPY -0.06%; EUR/JPY -0.3%
2. Crosses, expiries help keep EUR/USD in middle of 1.30-1.31 range
3. Offers @ 1.5250, looming U.K. GDP number weigh on cable
4. USD/JPY still threatening 100.00, EUR/JPY techs point toward 1.32 area
5. Largely data-free day: existing home sales 14.00GMT Monday
6. EUR/JPY chart: http://link.reuters.com/rep57t

Y, screw earthquake, MAs crossed . Anyway, what timeframe are you referring to while talking 5 and 15 MAs?

Well that resistance @ 50 proved very strong.

Still long @ 48 with an existing short @ 1.2990.

Either way I will see green at some point.

10M chart. OANDA has this TF. I dont think MT4 does but your broker might.

Trying a long at 1,3034...tight stop

Thx. Dont need that timeframe, I just wanted to know length of those averages you are using as trigger. Anyway - EARTHQUAKE! . Nah, just kidding, thats non news... Really silly.

How does it feel for The Rolling Stones to sing Bob Dylan's song"Like a rolling stone"



Once upon a time you're dressed so fine
You threw the bums a dime in your prime,
didn't you?
People'd call, say, "Beware doll, you're
bound to fall"
You thought they were all kiddin' you
You used to laugh about
Everybody that was hangin' out
Now you don't talk so loud

Now you don't seem so proud
About having to be scrounging for your
next meal.

How does it feel
To be without a home
Like a complete unknown
Like a rolling stone?

Once upon a time you're dressed so fine
You threw the bums a dime in your prime,
didn't you?
People'd call, say, "Beware doll, you're
bound to fall"
You thought they were all kiddin' you
You used to laugh about
Everybody that was hangin' out
Now you don't talk so loud

Now you don't seem so proud
About having to be scrounging for your
next meal.

How does it feel
To be without a home
Like a complete unknown
Like a rolling stone?

You've gone to the finest school all right,
Miss Lonely
But you know you only used to get
juiced in it
And nobody has ever taught you how to live
on the street
And now you find out you're gonna have
to get used to it
You said you'd never compromise

With the mystery tramp, but now you
realize
He's not selling any alibis
As you stare into the vacuum of his eyes
And ask him do you want to make a deal?


How does it feel
To be on your own
With no direction home
Like a complete unknown
Like a rolling stone?

You never turned around to see the frowns
on the jugglers and the clowns
When they all come down and did tricks
for you
You never understood that it ain't no good

You shouldn't let other people get your
kicks for you
You used to ride on the chrome horse with
your diplomat
Who carried on his shoulder a Siamese cat

Ain't it hard when you discover that
He really wasn't where it's at
After he took from you everything he could
steal.

How does it feel
To be on your own
With no direction home
Like a complete unknown
Like a rolling stone?

Princess on the steeple and all the pretty
people
They're drinkin', thinkin' that they got it
made
Exchanging all kinds of precious gifts and
things
But you'd better lift your diamond ring,
you'd better pawn it babe
You used to be so amused
At Napoleon in rags and the language that
he used
Go to him now, he calls you, you can't
refuse
When you got nothing, you got nothing to
lose
You're invisible now, you got no secrets to
conceal.

How does it feel
To be on your own
With no direction home
Like a complete unknown
Like a rolling stone?

OK Tom no problem brother

I am using as my primary trigger 5 SMA and 15 SMA idealy when they X and the PA is above or below it is good for long or short. For confirmation or staying in a trade I use the RSI 3 / 90 /10. Must be +50 for long and -50 for Short Sometimes I may try to front run if the PA is above or below the 5SMA and the RSI3 confirms

Then I look at the 30M PA to see if its near HSR & Fibs.

Finally 1M bars for precise execution.

Nothing is perfect but this seems to work for me on the 10M TF along with small position sizing in a pyramid because I dont use SL.

3037 now retested from below. If holds H1, = ,297.

Key Events In the Week Ahead

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