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  • #17,141
  • May 2, 2013 7:04am May 2, 2013 7:04am
Perfect TA following after NEWS release. 3180>3120, then UP above 3180> 3210.
  • #17,142
  • May 2, 2013 7:20am May 2, 2013 7:20am
Quoting prashant7
{quote} God - you mentioned it right fred - this was a typical move and it stalled around 3180 - 3185 and even down side levels also were good enough - 3120 ...... yep T wins
Thanks Prashant, I was thinking about skipping analysis for today but here we are
  • #17,143
  • May 2, 2013 8:07am May 2, 2013 8:07am
Again...3180 BROKEN then RETESTED ( OPEN M1 CHART TO SEE IT) and then it fell to 3120 > 3090. Comments of another possible rate cut have been a main momentum lead for this move.
  • #17,144
  • May 2, 2013 9:25am May 2, 2013 9:25am
Quoting T@rantula
Again...3180 BROKEN then RETESTED ( OPEN M1 CHART TO SEE IT) and then it fell to 3120 > 3090. Comments of another possible rate cut have been a main momentum lead for this move.
Maybe early but i interested with 3070
one last Long @3074
  • #17,145
  • May 2, 2013 9:44am May 2, 2013 9:44am
Quoting egkid
{quote} Maybe early but i interested with 3070 one last Long @3074
closed@3075 and got buy @3067
cya tomorrow
  • #17,146
  • May 3, 2013 5:22am May 3, 2013 5:22am
Hey guys, today's NFP so pay attention to PA. Will analyze it 30 mins after NFP.
  • #17,147
  • May 3, 2013 8:30am May 3, 2013 8:30am
3065 is crucial level for UPSIDE. I will post a chart in 5 mins
  • #17,148
  • May 3, 2013 8:42am May 3, 2013 8:42am
Quoting T@rantula
3065 is crucial level for UPSIDE. I will post a chart in 5 mins
LONG TRADES ABOVE 3065. As i am writing this PA inevitably runs towards 3120. I have a long at 3067. RISK ON. TARGETS 3120 3150 3180.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 267 KB
  • #17,149
  • May 3, 2013 8:43am May 3, 2013 8:43am
Quoting egkid
{quote} closed@3075 and got buy @3067 cya tomorrow
40+ and guess what take another long 3065 now 3110
  • #17,150
  • May 3, 2013 8:46am May 3, 2013 8:46am
Quoting T@rantula
{quote} LONG TRADES ABOVE 3065. As i am writing this PA inevitably runs towards 3120. I have a long at 3067. RISK ON. TARGETS 3120 3150 3180. {image}
cool we got same view
i forgot to tell why i keep long @3060
because very good support in 4h and daily on my chart
  • #17,151
  • May 3, 2013 8:49am May 3, 2013 8:49am
Quoting egkid
{quote} cool we got same view i forgot to tell why i keep long @3060 because very good support in 4h and daily on my chart
HAhah indeed, this trade paid off the whole week in advance Well done my friend!
  • #17,152
  • Edited 3:39am May 6, 2013 3:19am | Edited 3:39am
Analysis for 06.MAY.2013.

On EURUSD @ DAILY TF there is a BEARISH DIVERGENCE which needs further confirmation as I teached on webinar. We need either trendline break with retest or MACD cross. From the current standpoint we could see a move in either direction where 3160 is intraday resistance. To the downside 3060 is intraday support.

H1 TF shows PIERCING LINE/HAMMER pattern VS pivot point where break of 3125 targets 3150.

Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 321 KB


Attached Image


You can also read the analysis on my Forex Blog.
  • #17,153
  • May 6, 2013 9:39am May 6, 2013 9:39am
You see how 3125 held all the rallies. Every pattern needs a confirmation so its been sell into mini rallies.
  • #17,154
  • Edited 11:09pm May 6, 2013 10:57pm | Edited 11:09pm
Quoting T@rantula
Analysis for 06.MAY.2013. On EURUSD @ DAILY TF there is a BEARISH DIVERGENCE which needs further confirmation as I teached on webinar. We need either trendline break with retest or MACD cross. From the current standpoint we could see a move in either direction where 3160 is intraday resistance. To the downside 3060 is intraday support. H1 TF shows PIERCING LINE/HAMMER pattern VS pivot point where break of 3125 targets 3150. {image} {image} You can also read the analysis on my [url="http://www.forextrade.rs/forextrade_blog/dnevna-tehnicka-analiza-eurusd-06052013"]Forex...


again that 3060 held it for the day. T keep's going - i think that monthly candle of engulfing is the real problem for PA to go either way and its almost sideways preferred sell - unless a new high or low is made
finding A M S
  • #17,155
  • May 7, 2013 2:51am May 7, 2013 2:51am
3060 is important level. 3050-60 zone has held downward move. Still market is in ranging mode but slightly bearish. Break of 3060-50 zone should lead to 3030 3000 and 2975. Rate cut may have already been priced in so if 3095 breaks to the upside 3108 3120 and 3140 are targets.
  • #17,156
  • May 7, 2013 10:22am May 7, 2013 10:22am
Quoting T@rantula
3060 is important level. 3050-60 zone has held downward move. Still market is in ranging mode but slightly bearish. Break of 3060-50 zone should lead to 3030 3000 and 2975. Rate cut may have already been priced in so if 3095 breaks to the upside 3108 3120 and 3140 are targets.
As we could see 3130 has been reached but the pair is still in range mode. There is no healthy trend @ H1 so the pair is stuck. We need to watch and trade the levels.
  • #17,157
  • May 8, 2013 3:04am May 8, 2013 3:04am
Long AGAIN IN ZONE 3070 - 3090
  • #17,158
  • May 8, 2013 3:43am May 8, 2013 3:43am
Quoting egkid
Long AGAIN IN ZONE 3070 - 3090
Well traded!


H4 timeframe shows a CONSOLIDATION TRIANGLE exactly below WPP @ 3131. The price failed to close above WPP yesterday so we had a pullback where dips have been bought. Two last Major swings on H4 are 2954 and 3242. When we connect those two swings we get a MEGAPHONE pattern which is hard to trade by trend. So we focus on smaller TFs and patterns in those smaller TFs. If triangle breaks to the upside, wait for BPC and go long, same for short trades. Watch the triangle as that is a sign of CONSOLDIATION on higher ( H4) timeframe.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 76 KB


You can also read the analysis on my Forex Blog.
  • #17,159
  • May 8, 2013 3:55am May 8, 2013 3:55am
Quoting T@rantula
{quote} Well traded! H4 timeframe shows a CONSOLIDATION TRIANGLE exactly below WPP @ 3131. The price failed to close above WPP yesterday so we had a pullback where dips have been bought. Two last Major swings on H4 are 2954 and 3242. When we connect those two swings we get a MEGAPHONE pattern which is hard to trade by trend. So we focus on smaller TFs and patterns in those smaller TFs. If triangle breaks to the upside, wait for BPC and go long, same for short trades. Watch the triangle as that is a sign of CONSOLDIATION on higher ( H4)...
very good analysis
i have no time to explain because my work but u did very well
  • #17,160
  • May 8, 2013 7:34am May 8, 2013 7:34am
Quoting egkid
Long AGAIN IN ZONE 3070 - 3090
3160 now
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