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  • #17,241
  • May 28, 2013 5:09am May 28, 2013 5:09am
This is my analysis of this week that will probably give you about 200 pips
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  • #17,242
  • May 28, 2013 7:48am May 28, 2013 7:48am
Although the price has broken the neckline it still failed to close above it. It looked like stop grabbing. NY had a day off yesterday so it might be that LO has been preparing the higher price for them. In that case EURUSD still can tank during NY session 2950 is Intraday resistance while 2932 is currently neckline top.

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  • #17,243
  • May 28, 2013 8:18am May 28, 2013 8:18am
Quoting forex guru
This is my analysis of this week that will probably give you about 200 pips {image}
Thanx for the analysis, still possible for H1 HS to tank the price, if it breaks 2880 should proceed to 2835-40
  • #17,244
  • May 28, 2013 8:26am May 28, 2013 8:26am
Quoting T@rantula
{quote} Thanx for the analysis, still possible for H1 HS to tank the price, if it breaks 2880 should proceed to 2835-40
but I think that only tested the 1.2900 psychological level and back to the north
  • #17,245
  • May 28, 2013 8:35am May 28, 2013 8:35am
2880 is the level to watch for a possible break. Lets see, NY is back from a "vacation" so it we are still looking for a momentum.
  • #17,246
  • May 28, 2013 9:15am May 28, 2013 9:15am
Here we go 2880, so I was right about LO stop grabbers.
  • #17,247
  • May 28, 2013 9:21am May 28, 2013 9:21am
2860 hit at the break of 2880.
  • #17,248
  • May 29, 2013 2:32am May 29, 2013 2:32am
Quoting T@rantula
2860 hit at the break of 2880.


A clear buy if you are a chartist - visible pattern 2860 to 880 buy zone and targets - 2942 and 2989 .. a 3050 also possible

Stop below 2820 if PA get there .
finding A M S
  • #17,249
  • May 29, 2013 3:45am May 29, 2013 3:45am
We stand near the big confluence of Major and Last swing low. 2892-96 is the possible zone entry for short position and if the price jumps up big with momentum 2915-25 should held the rally and is the zone for another short position. Stops should be placed just above. Targets should be 2820 and 2790 if the price breaks 2820 successfully.

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  • #17,250
  • May 29, 2013 5:50am May 29, 2013 5:50am
EURUSD entering the second sell zone ( I have been stopped out at BE 2895-2881 then 2895 again). Stops around 2950 ( 2915-2925 selling zone number 2).
  • #17,251
  • May 29, 2013 5:54am May 29, 2013 5:54am
E:2925 SL:2950+spread TP: 2880 TP2:2820. Risking 25 pips for good r:r. MM is crucial.
  • #17,252
  • May 29, 2013 6:04am May 29, 2013 6:04am
Stopped out for 25 pips. ( 50 % normal lot size so its 13 pips normal position average). That is how I do MM. Never enter with full size on 25 pip stop.

Now I will wait for NY session and see where price will consolidate.
  • #17,253
  • May 29, 2013 6:10am May 29, 2013 6:10am
Quoting T@rantula
Stopped out for 25 pips. ( 50 % normal lot size so its 13 pips normal position average). That is how I do MM. Never enter with full size on 25 pip stop. Now I will wait for NY session and see where price will consolidate.
@3004
  • #17,254
  • May 29, 2013 6:13am May 29, 2013 6:13am
Quoting egkid
{quote}@3004
The higher the better Lets wait, this looks like another stop grabbing.
  • #17,255
  • May 29, 2013 6:31am May 29, 2013 6:31am
Quoting T@rantula
{quote} The higher the better Lets wait, this looks like another stop grabbing.

3030 we talked about yesterday buddy. Decided to screw really before continuing its journey. Still down but 3012 at least
  • #17,256
  • May 29, 2013 6:50am May 29, 2013 6:50am
2940 at the moment...look how they sucked in buyers..
  • #17,257
  • May 29, 2013 6:56am May 29, 2013 6:56am
Quoting jaylovin
{quote} 3030 we talked about yesterday buddy. Decided to screw really before continuing its journey. Still down but 3012 at least
Hey Jay..yes but if u remember 2835 was hit as planned ( when we talked yesterday - the price was @ 2915), I wont buy it here, am waiting for next short setup.
  • #17,258
  • May 29, 2013 6:57am May 29, 2013 6:57am
Quoting T@rantula
2940 at the moment...look how they sucked in buyers..

i didn't see it but 2975 is a resistance level... so above that and we can talk 1.3.. right now next resistance and we are here 2956...
  • #17,259
  • May 29, 2013 7:09am May 29, 2013 7:09am
Quoting jaylovin
{quote} i didn't see it but 2975 is a resistance level... so above that and we can talk 1.3.. right now next resistance and we are here 2956...
If it breaks through 2985 I will look for the consolidation on H4 Timeframe. I think we would see some good short setups over there( above 3000 )but lets wait.
  • #17,260
  • May 29, 2013 7:29am May 29, 2013 7:29am
Quoting T@rantula
{quote} The higher the better Lets wait, this looks like another stop grabbing.

Hi T why only short positions . look at weekly candle - a test of 3050 is visible . as i mentioned earlier this may go well beyond 2990
finding A M S
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