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  • #17,541
  • Jul 16, 2013 4:08am Jul 16, 2013 4:08am
Today we still have the same range. Crucial level is 3065 to watch for. Below EURUSD is targeting 3020, 2990. Above 3065 targets are 3085 and 3110.
  • #17,542
  • Jul 16, 2013 5:38am Jul 16, 2013 5:38am
3110 has been reached.

If 3145 fails EURUSD might be up to 3170.
  • #17,543
  • Jul 16, 2013 6:23am Jul 16, 2013 6:23am
Quoting T@rantula
3110 has been reached. If 3145 fails EURUSD might be up to 3170.

Hi T.,

I have short term 3138 and 3153. Extended move up to 3184


But I do think that every movement above 3153 right now has low probability (out of my special Market profile approach)


We will see.....
  • #17,544
  • Jul 16, 2013 7:29am Jul 16, 2013 7:29am
Quoting infinitus
{quote} Hi T., I have short term 3138 and 3153. Extended move up to 3184 But I do think that every movement above 3153 right now has low probability (out of my special Market profile approach) We will see.....
Hey Markus,

I agree with your levels. The best would be to see 3140 reaction and have an early short. In the case of the break Id look for 3175 - 3184. Lets see.
  • #17,545
  • Jul 16, 2013 8:13am Jul 16, 2013 8:13am
Quoting T@rantula
{quote} Hey Markus, I agree with your levels. The best would be to see 3140 reaction and have an early short. In the case of the break Id look for 3175 - 3184. Lets see.

Damn it, 3137 so far

And I placed it at 3138 - a prick for a pip
  • #17,546
  • Jul 17, 2013 3:51am Jul 17, 2013 3:51am
EURUSD has reached 3175 level and that is the level which I mentioned yesterday. It acts as a intraday resistance. If 3175 is breached 3205 is the target. To the downside 3125-3115 is the support zone. The breach of it targets 3080.

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  • #17,547
  • Jul 17, 2013 4:03am Jul 17, 2013 4:03am
Quoting infinitus
{quote} Damn it, 3137 so far And I placed it at 3138 - a prick for a pip
3140 was good at first swing down then 3175 as presumed. Lets see today, would like to see BPC at 3175 or 3115.
  • #17,548
  • Jul 17, 2013 5:08am Jul 17, 2013 5:08am
Quoting T@rantula
{quote} 3140 was good at first swing down then 3175 as presumed. Lets see today, would like to see BPC at 3175 or 3115.

I have no position yet. mastered to cover my shorts yesterday at 3130 for +7pips - well, better than a loss


Do you meant 3215?


I will target shorts in the 3184 to 3245 range


Unless we got a huge momentum/volume supported move up, which will make my market profiles mud, I do think that 3245 is the upper boundary


Locked and loaded, waiting
  • #17,549
  • Jul 17, 2013 6:46am Jul 17, 2013 6:46am
Quoting infinitus
{quote} I have no position yet. mastered to cover my shorts yesterday at 3130 for +7pips - well, better than a loss Do you meant 3215? I will target shorts in the 3184 to 3245 range Unless we got a huge momentum/volume supported move up, which will make my market profiles mud, I do think that 3245 is the upper boundary Locked and loaded, waiting
I am thinking about shorting 3145-65 zone. Im not sure if we will go above 3175, but if it happens 3185-3210 is my shorting range.
  • #17,550
  • Jul 17, 2013 7:31am Jul 17, 2013 7:31am
Quoting T@rantula
{quote} I am thinking about shorting 3145-65 zone. Im not sure if we will go above 3175, but if it happens 3185-3210 is my shorting range.
News spike. Wait until spike settles down. May be a new chance to short.
  • #17,551
  • Jul 17, 2013 7:52am Jul 17, 2013 7:52am
3165...lets see 20 pips so far. Better to put SL on BE, lets see.
  • #17,552
  • Jul 17, 2013 7:53am Jul 17, 2013 7:53am
Quoting T@rantula
3165...lets see 20 pips so far. Better to put SL on BE, lets see.
Scaled out +24.
  • #17,553
  • Jul 17, 2013 7:57am Jul 17, 2013 7:57am
Quoting T@rantula
{quote} Scaled out +24.

good trade

when the waves are doing what I think, we may see an ending diagonal here, with a new high. Maybe I am wrong, than we have a failed or missed wave 5, which is common in such spikes


we will see
  • #17,554
  • Jul 17, 2013 8:29am Jul 17, 2013 8:29am
Quoting infinitus
{quote} good trade when the waves are doing what I think, we may see an ending diagonal here, with a new high. Maybe I am wrong, than we have a failed or missed wave 5, which is common in such spikes we will see
Strong volatility will resume in 30 mins when FED chairman speaks. Il stay out till then.
  • #17,555
  • Jul 17, 2013 10:47am Jul 17, 2013 10:47am
now you see the power of 3175 and why it was important for short trades.

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  • #17,556
  • Jul 17, 2013 11:10am Jul 17, 2013 11:10am
Quoting T@rantula
now you see the power of 3175 and why it was important for short trades. {image}

  • #17,557
  • Edited 4:35am Jul 18, 2013 4:18am | Edited 4:35am
Hello guys. Today I dont see any valid pattern nor possible setups. The only thing that I know for sure is Mr.Bernanke's speech and USA data release in couple of hours. In the slow and boring markets we must pay attention to levels again. The pattern is broadening flat bottom triangle and if 3075 is breached 3050 and 3000 are targets with 2985 as major destination. Above 3075 3100 and 3175 are levels to watch for. Trading in no man's land is not recommended so for best setups we need to wait for either a pullback or a rally.

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P.S. You can also read the analysis on my Forex Blog.
  • #17,558
  • Jul 22, 2013 3:57am Jul 22, 2013 3:57am
Today the price is still trapped in a range 3075-3175. I have spotted a triangle that can be also a continuation pennant, although its not a "pennant" in its real form. The price levels to watch for are 3130 3110 and 3075 for possible long setups. 3175-3200 is the zone for short setups.

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  • #17,559
  • Jul 22, 2013 7:35am Jul 22, 2013 7:35am
3030 before 3196 imo T.. if 3205 breaks then close all shorts cause 3284 coming maybe even 3315
  • #17,560
  • Jul 22, 2013 9:46am Jul 22, 2013 9:46am
Quoting jaylovin
3030 before 3196 imo T.. if 3205 breaks then close all shorts cause 3284 coming maybe even 3315
Hmm, teh price spiked up to 3215 but is rejected below 3200. It may be a false breakout. 3200 is a shorting area at least for scalps. Try scalps, scalp swings and for intraday setups, put it to BE after some 12-15 pips gain.
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