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  • #43,441
  • May 1, 2013 3:44pm May 1, 2013 3:44pm
The break of 1.32 before the ECB tomorrow: a trap for bulls? I wouldn’t trust this movement.
  • #43,442
  • May 2, 2013 6:32am May 2, 2013 6:32am
Euro Declines on Speculation ECB

http://www.bloomberg.com/news/2013-05-02/euro-weakens-against-dollar-on-speculation-ecb-will-lower-rates.html
  • #43,443
  • May 2, 2013 8:03am May 2, 2013 8:03am
Can you please tell me how set charts like above charts. Thank you.
  • #43,444
  • May 2, 2013 8:54am May 2, 2013 8:54am
Made some good money but we have to get below the trend on the daily to go into 3rd wave down, if not C wave hasn't ended. But caution NFP tomorrow!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hchart.jpg Size: 417 KB
Click to Enlarge Name: daily.jpg Size: 616 KB
  • #43,445
  • May 2, 2013 10:51am May 2, 2013 10:51am
Quoting mangaradja
Euro Declines on Speculation ECB http://www.bloomberg.com/news/2013-0...wer-rates.html
more 150 green pips
  • #43,446
  • May 2, 2013 11:33am May 2, 2013 11:33am
Shorted at 3190. I am holding the position
Know when to hold em, Know when to fold em!
  • #43,447
  • May 2, 2013 5:30pm May 2, 2013 5:30pm
Great analysis sir,

I made some money too. But also buy two longs at 1.3065 and 1.3083.


Quoting MeInGraySuit
Made some good money but we have to get below the trend on the daily to go into 3rd wave down, if not C wave hasn't ended. But caution NFP tomorrow!! {image} {image}
  • #43,448
  • May 3, 2013 6:53am May 3, 2013 6:53am
The barrier at 1.2950 still resists and it is possible to start building short positions on EurUsd below it. In fact, a short technical signal is still missing by moving averages.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 48 KB
  • #43,449
  • May 3, 2013 7:44am May 3, 2013 7:44am
Quoting goods
Shorted at 3190. I am holding the position
And still holding
Know when to hold em, Know when to fold em!
  • #43,450
  • May 3, 2013 7:53am May 3, 2013 7:53am
Quoting goods
{quote} And still holding
price near monthly and weekly pivot, do you think will break throu ?
  • #43,451
  • May 3, 2013 8:06am May 3, 2013 8:06am
Quoting Peepo
{quote} price near monthly and weekly pivot, do you think will break throu ?


Who knows. The move is probably done for the day. Probably wont be any gap up or down over the weekend. Might see a retrace to 3080 and that might consolidate for another move of supply.
Know when to hold em, Know when to fold em!
  • #43,452
  • May 3, 2013 8:08am May 3, 2013 8:08am
You still holding? I am!
Quoting goods
{quote} Who knows. The move is probably done for the day. Probably wont be any gap up or down over the weekend. Might see a retrace to 3080 and that might consolidate for another move of supply.
  • #43,453
  • May 3, 2013 8:10am May 3, 2013 8:10am
Quoting Robby
You still holding? I am!{quote}

Yea I am in deep with some nice pips enough to hold over weekend. With today's move I think our upthrust over the past week and a half is completely done. I think the overall bigger picture trend continuation has started yesterday.
Know when to hold em, Know when to fold em!
  • #43,454
  • May 3, 2013 8:12am May 3, 2013 8:12am
Quoting goods
{quote} Who knows. The move is probably done for the day. Probably wont be any gap up or down over the weekend. Might see a retrace to 3080 and that might consolidate for another move of supply.
yeah who knows
  • #43,455
  • May 3, 2013 8:24am May 3, 2013 8:24am
Quoting Robby
You still holding? I am!{quote}
I hoped you locked at least a couple pips to clear your spread? Make the brokers eat it
Know when to hold em, Know when to fold em!
  • #43,456
  • May 3, 2013 8:49am May 3, 2013 8:49am
Quoting goods
{quote} Yea I am in deep with some nice pips enough to hold over weekend. With today's move I think our upthrust over the past week and a half is completely done. I think the overall bigger picture trend continuation has started yesterday.
Hmm I might add here
Know when to hold em, Know when to fold em!
  • #43,457
  • May 3, 2013 6:19pm May 3, 2013 6:19pm
Quoting fibstalker
Scenario 2. If the 1.3230 important area holds and offer significant resistance, we could see a move lower due to the “sell in May and go away” effect, as well as, a reaction to BCE lowering interest rates to 0.5% on Thursday. In that case we price could move lower to retest the 1.2980 area (or lower)....
Scenario 2 of my last review posted on April 30th is being played. The 1.3230 area was very important and I have been watching it carefully. We had strong participation on the downside that negates the bullish scenario I have been following so far.

Indeed, today the market has confirmed the shorts by holding the 3140 area of resistance (stop-loss above 1.3170 was never pierced). This setup has 1st target at 1.3000 and second target around the 1.2910 area of previous support. Below 1.2714 the bullish scenario, already in trouble, can be cancelled altogether. If Scenario 1 (see description hereunder) plays out the first target will be at the 1.2520 area.


Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1367622898


The above picture shows the two current scenarios:

Scenario 1. I do not anticipate the 1.2980 level to hold because it is going to be a second test. Thus we could see price slice through that level and move right into the 1.2910 area where we could get a small bounce. If the shorts are real there would be a continuaton after price tests the 1.2980 area from below.

Scenario 2. If the 1.2910 area holds we could still see a resumed move higher. This scenario, however, seems a low probability scenario at the moment.

As usual I am interested in your thoughts and ideas.

On my blog there is an up to date video featuring the daily and the 4-hour charts.

Have a great weekend

-fibstalker
"markets traded by programs/HFT offer a significant trading edge..."
  • #43,458
  • May 3, 2013 6:56pm May 3, 2013 6:56pm
I got stopped out @ 1.321 for some 210pips loss (I mentioned it before), and on my vacation this week was able to scalp about 50 pips (while fishing), last night I positioned myself with a long from 1.3060 (30645 i think it was) and locked some 10 pips this morning, while fishing I checked the MKT just to see my TS gets hit from 100 pips profit to my locked 10 pips, I consider this as probable profit but ... lost I'm drunk as f*ck right now, so happy to be back in my town. Happy Easter to all ortodox! This MsMarket still has some pips to give me back.
goods H4 looks interesting doesn't it?

PS: That fishing I went to wasn't so impressive but it was more like quantity over quality
Mind you, my first name is Bad. ..."Nunc Id Vides, Nunc Ne Vides"...
  • #43,459
  • May 6, 2013 9:40am May 6, 2013 9:40am
Very nice move

and maybe another one coming
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_monday1.png Size: 35 KB
  • #43,460
  • May 6, 2013 4:06pm May 6, 2013 4:06pm
Quoting Peepo
Very nice move and maybe another one coming {image}
A nice intraday movement but EurUsd still cannot get out of the trading range. I’m expecting volatility if the Australian central bank cuts rates.
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