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  • #17,181
  • May 9, 2013 1:59pm May 9, 2013 1:59pm
Quoting T@rantula
{quote} BPC short: {image}
Do you think there is still going to be a pullback to get on this trade?

Edited: Stupid question! I was thinking this was on the breakout now.
  • #17,182
  • May 10, 2013 5:44am May 10, 2013 5:44am
Quoting T@rantula
Hey guys, Today we need to watch important levels. Those are 3131 and 3060. The pair will still be uptrending as long as it is above 3130, where 3180 is the first target, 3225 second major target. Below 3060 we can short it on retest targeting 3020 and 2995. .
Targets have been met.
  • #17,183
  • May 10, 2013 6:07am May 10, 2013 6:07am
Morning all
No trade for me today just watching Gold "want see week close@1374"
  • #17,184
  • May 10, 2013 6:08am May 10, 2013 6:08am
Quoting T@rantula
{quote} Targets have been met.
excellent work
  • #17,185
  • May 10, 2013 6:45am May 10, 2013 6:45am
Quoting egkid
{quote} excellent work
Yes EG. Both of us did it together
  • #17,186
  • May 10, 2013 9:23am May 10, 2013 9:23am
WEEKLY HEAD AND SHOULDERS PATTERN.

We are going down!

BOOM!

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 30 KB
  • #17,187
  • May 13, 2013 4:05am May 13, 2013 4:05am
EURUSD weekly head and shoulders pattern has put the pair into sell off mode. Target is around 2750 for the weekly which represents the bottom of the neckline. On intraday charts 2990 is first resistance. Break above 3000 may lead the pair to WPP 3031. Shorting between 3030-50 is recommended then. Break below 2950 shall test 2935, while major supports stands at 2900. Target for the move below 2950-2934 is 2880.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 39 KB
  • #17,188
  • May 13, 2013 2:37pm May 13, 2013 2:37pm
2918. I will long here tight stop.
  • #17,189
  • May 13, 2013 3:27pm May 13, 2013 3:27pm
Quoting jaylovin
2918. I will long here tight stop.
Id like to see 2890-80 ....Today was an awful day for this pair. Too many indecision and way too many false breakouts.
  • #17,190
  • May 13, 2013 4:05pm May 13, 2013 4:05pm
Quoting T@rantula
{quote} Id like to see 2890-80 ....Today was an awful day for this pair. Too many indecision and way too many false breakouts.
if we fall below 2896 we will head lower to 2820 and most probably into the 1.27xx... if 2918 doesn't hold it my last try will be 2896.. again small stop... below that its more shorting... no shorting from here unless stops above 3030 but not worth it imo
  • #17,191
  • May 14, 2013 2:38am May 14, 2013 2:38am
Today we have a peculiar situation. EURUSD pair is getting close to 3030-40 level where Important S/R confluence makes a resistance area. WPP along with MPP and trendline should be tested before possible move down. If 3030-40 area gets broken to the upside target could be 3080 and thats where stops should be ( above 3080)

2960-70 region is crucial for the downside as break below it targets 2935 and 2880.

Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 49 KB


You can also read the analysis on my Forex Blog.
  • #17,192
  • May 14, 2013 5:11am May 14, 2013 5:11am
3030 retest has been successful, the pair is dropping
  • #17,193
  • May 14, 2013 5:38am May 14, 2013 5:38am
Quoting T@rantula
EURUSD weekly head and shoulders pattern has put the pair into sell off mode. Target is around 2750 for the weekly which represents the bottom of the neckline. On intraday charts 2990 is first resistance. Break above 3000 may lead the pair to WPP 3031. Shorting between 3030-50 is recommended then. Break below 2950 shall test 2935, while major supports stands at 2900. Target for the move below 2950-2934 is 2880. {image}
Quoting T@rantula
Today we have a peculiar situation. EURUSD pair is getting close to 3030-40 level where Important S/R confluence makes a resistance area. WPP along with MPP and trendline should be tested before possible move down.
Attached Image (click to enlarge)
Click to Enlarge Name: rt.png Size: 23 KB
  • #17,194
  • May 15, 2013 2:01am May 15, 2013 2:01am
Daily show M 1 2 3 reversal pattern. We also have a confirmation on 2954 break as the point 2 of M pattern and bearish engulfing pattern which I have marked on the charts. Weekly head and shoulders goes toe to toe with M extension making 2750 weekly target. Daily resistances are 2935 and 2960. Supports and nearest targets are 2880 and 2840.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 49 KB
  • #17,195
  • May 15, 2013 6:14am May 15, 2013 6:14am
Quoting T@rantula
Daily show M 1 2 3 reversal pattern. We also have a confirmation on 2954 break as the point 2 of M pattern and bearish engulfing pattern which I have marked on the charts. Weekly head and shoulders goes toe to toe with M extension making 2750 weekly target. Daily resistances are 2935 and 2960. Supports and nearest targets are 2880 and 2840. {image}
2852 has been hit
  • #17,196
  • May 15, 2013 7:58am May 15, 2013 7:58am
2843 has been hit so I assume all TP for today have been hit.
  • #17,197
  • May 16, 2013 3:59am May 16, 2013 3:59am
Today we may expect a bounce. If this is indeed the trend we need a retracement. 2850 area is very solid support as you can see we have a longer trendline and support confluence. Also it was the target for M 1 2 3 reversal pattern.

Bounce up could lead to 2935-50 before next leg down to 2750, or if it passes thru support it would invalidate the bounce and proceed to test 2820.

Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 45 KB
  • #17,198
  • May 16, 2013 6:59am May 16, 2013 6:59am
Dear traders today me and Chris will be holding a special webinar about ADVANCED BULLISH CANDLESTICK PATTERNS. The webinar is COMPLETELY FREE so feel free to join. It will be interesting to see how many candlestick patterns there are and many are still unknown to most of traders.

Here is THE LINK FOR SIGN UPS.
  • #17,199
  • May 16, 2013 7:36am May 16, 2013 7:36am
Quoting T@rantula
Today we may expect a bounce. If this is indeed the trend we need a retracement. 2850 area is very solid support as you can see we have a longer trendline and support confluence. Also it was the target for M 1 2 3 reversal pattern. Bounce up could lead to 2935-50 before next leg down to 2750, or if it passes thru support it would invalidate the bounce and proceed to test 2820. {image}
Reversal goes as planned EURUSD currently @ 2910.
  • #17,200
  • May 16, 2013 4:41pm May 16, 2013 4:41pm
Today we had a great trading off the support and into the retracement. Price has respected the TA so tomorrow there will be some profit taking for sure.
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