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  • #791,521
  • Apr 25, 2013 5:59am Apr 25, 2013 5:59am
It looks topish now that it's back to 1,3070 but can't print new high so far.

Sell off here an Target could be 1,3010.

Waiting for a bearish setup between now and 1,309x
COT: The precious data ignored
  • #791,522
  • Apr 25, 2013 6:04am Apr 25, 2013 6:04am
Quoting peyman
{quote} reason !! technical? news? imagination?l
Draw fib from last high 1.3084 to last low 1.2955 you will see why he predict those levels.

Take care
  • #791,523
  • Apr 25, 2013 6:05am Apr 25, 2013 6:05am
At this stage watch out of a rejection off the high (new highs)
COT: The precious data ignored
  • #791,524
  • Apr 25, 2013 6:05am Apr 25, 2013 6:05am
Quoting vlady1974
{quote} Done. Need confirmation of upper limit? {image}
Yeh, confirmation is always handy. What I fear now, is that so many people now see ,312 as such a strong number, that entries may be loaded well below. Will be watching how PA reacts while moving closer. Imo it can start to struggle even since ,308. So ,3073 break doesnt need to result in fast move up, but slow move up . Overal imo ,3073 rules till rest of the month and we are about to form some trianguloid in here, waiting for ECB. So what I am looking at right now, is short term bullish run which will make base of that trianguloid. Lets see.
"I know one thing, that I know nothing." Sokrates
  • #791,525
  • Apr 25, 2013 6:10am Apr 25, 2013 6:10am
One thing i often watch out.

EU tends to retrace towards the ultra high vol hourly candle (towards it's open). About time, it can be days/weeks/months, hence it's not a good strategy but it worth looking at it.

Latest unreached ultra high vol candles are near 1,2770 and 1,2930.
COT: The precious data ignored
  • #791,526
  • Apr 25, 2013 6:11am Apr 25, 2013 6:11am
looks pa have hidden agenda better side line till find out
Mohan
  • #791,527
  • Apr 25, 2013 6:13am Apr 25, 2013 6:13am
I've been reading this thread a long time trying to learn something from this market, but not posting among other reasons because I can not add anything, but I miss the anailisis Mr. Max and comments from other teachers that some days ago I do not see this thread, ethan suspect anywhere else I can not see for a rookie, any suggestions other than keep posting nonsense like this to stop being a rookie?.
sorry for my English, I hope you understand.
  • #791,528
  • Apr 25, 2013 6:16am Apr 25, 2013 6:16am
Quoting kuroro001
One thing i often watch out. EU tends to retrace towards the ultra high vol hourly candle (towards it's open). About time, it can be days/weeks/months, hence it's not a good strategy but it worth looking at it. Latest unreached ultra high vol candles are near 1,2770 and 1,2930.
Man, I had such huge buy limit orders loaded in ,293 - ,291 area. Bad luck we didnt make it there. I am really surprised we ve made it out of ,303-,291 zone that fast. In fact I think it is mainly due to that Cable spike, which spilled over to E/U. So imo we may have a look back in the zone pretty fast. Now ,308- ,312 area will very possibly hold. Combined with retrace once Cable bubble makes pop we may see ,293 quite easily.
"I know one thing, that I know nothing." Sokrates
  • #791,529
  • Apr 25, 2013 6:21am Apr 25, 2013 6:21am
Quoting Tom_D_Trader
{quote} Man, I had such huge buy limit orders loaded in ,293 - ,291 area. Bad luck we didnt make it there. I am really surprised we ve made it out of ,303-,291 zone that fast. In fact I think it is mainly due to that Cable spike, which spilled over to E/U. So imo we may have a look back in the zone pretty fast. Now ,308- ,312 area will very possibly hold. Combined with retrace once Cable bubble makes pop we may see ,293 quite easily.
Yes we were close to it....but technically the bounce is due to the Weekly open...i've seen (a few times already) that weelky open were a good area for a bounce.

1,292x may be the next big area to look at if this 1,3084 high is not clear soon.
I went out of my longs as it's getting riskier to hold anything up there.

Still holding your hold ? Not planning to add some shorts at this stage?
COT: The precious data ignored
  • #791,530
  • Apr 25, 2013 6:22am Apr 25, 2013 6:22am
aaaah.. risk on all over the place yeah!
"You're solid gold, see you in hell"
  • #791,531
  • Apr 25, 2013 6:22am Apr 25, 2013 6:22am
Quoting Tom_D_Trader
{quote} Yeh, confirmation is always handy. What I fear now, is that so many people now see ,312 as such a strong number, that entries may be loaded well below. Will be watching how PA reacts while moving closer. Imo it can start to struggle even since ,308. So ,3073 break doesnt need to result in fast move up, but slow move up . Overal imo ,3073 rules till rest of the month and we are about to form some trianguloid in here, waiting for ECB. So what I am looking at right now, is short term bullish run which will make base of that trianguloid. Lets...
Good to have that cautious sentiment as I don't think this upmove has defined any real directional conviction yet.
This wider view of the 4H shoes that it's still in a downward pointing flag pending a breakout of sorts.
I also have a True Trendline from a wider day view that seems to be holding support - but that is more subjective.

I'll be monitoring EY and UY for hints.
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  • #791,532
  • Apr 25, 2013 6:22am Apr 25, 2013 6:22am
Quoting mohan76
looks pa have hidden agenda better side line till find out

gators 3086 is getting close for an eyeball
If you are new to Forex? Say Goodbye to your account!!
  • #791,533
  • Apr 25, 2013 6:29am Apr 25, 2013 6:29am
Quoting Mr_Black
Short@ 3064 stop 3080 limit 3000
Stop hit....
  • #791,534
  • Apr 25, 2013 6:30am Apr 25, 2013 6:30am
3066 short
looking for investors . pm me
  • #791,535
  • Apr 25, 2013 6:31am Apr 25, 2013 6:31am
Quoting Mr_Black
{quote} Stop hit....
it just went to test that previous high before moving down. 1.3084 was the p h. think stop can be after high safer to be hunted.

now so far 1.3082 prone to be broken in us session if current momentum resumes.
  • #791,536
  • Apr 25, 2013 6:31am Apr 25, 2013 6:31am
Quoting kuroro001
Still holding your hold ? Not planning to add some shorts at this stage?
Well yeah, I am holding that long, but am going to close it, err, like now, because I still didnt go for my coffee and wont let such a trash trade run . Thinking heavy of shorts here, but am very very reluctant to go short generally. I am a bit confused because of that ratecut. Market expectations of ratecut are strong, pressing price down, but imo those expectations are strong for like half a year . So in effect I fear market can be in stage "oversold due to expectations". Really am a bit confused and while we are bouncing up from heavy monthly support, shorts may hurt. Besides, all eyes on ECB now, like if BoJ wasnt here. Thay still are and print like mad.
"I know one thing, that I know nothing." Sokrates
  • #791,537
  • Apr 25, 2013 6:32am Apr 25, 2013 6:32am
Quoting kuroro001
At this stage watch out of a rejection off the high (new highs)
Highs rejected.

Worth a short.

I may start the short accumulation process for 1,3010 first.
COT: The precious data ignored
  • #791,538
  • Apr 25, 2013 6:36am Apr 25, 2013 6:36am
Quoting kuroro001
{quote} Yes we were close to it....but technically the bounce is due to the Weekly open...i've seen (a few times already) that weelky open were a good area for a bounce. 1,292x may be the next big area to look at if this 1,3084 high is not clear soon. I went out of my longs as it's getting riskier to hold anything up there. Still holding your hold ? Not planning to add some shorts at this stage?
Had to look at the Weekly.

Interestingly, we seem to be forming a tighter triangle braced for a breakout decision either way.
If we focus on a short range, then I can see a potential H/S formation and I would bet for a move downside to produce a HL.
Early days projection 1.2X?? 1.28? 1.25? I don't necessarily think this is catastrophic but could lead towards a sustained period of consolidation to produce another high. That HL could then reach for another high but capped by the Gann Line as a guide.

It does suggest that 1.3X is the median price everyone is willing to value the EUR on against the dollar with potentially an explosive situation this year that could decide its fate.

EDIT: The minor bottoms above the LL and HL is 1.26 which sounds about right for the above projection.
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  • #791,539
  • Apr 25, 2013 6:39am Apr 25, 2013 6:39am
Quoting kuroro001
{quote} Highs rejected. Worth a short. I may start the short accumulation process for 1,3010 first.
If 1H can confirm that rejection at 81.9 that would be better.
A pip is only worth it if you know how much you risked to earn it
  • #791,540
  • Apr 25, 2013 6:39am Apr 25, 2013 6:39am
Quoting KiwiTrada
{quote} gators 3086 is getting close for an eyeball
may be some one already have data and preparing for big move

usually if pa move inch by inch have good change to break resistant
Mohan
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