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  • #18,061
  • Dec 17, 2013 10:33am Dec 17, 2013 10:33am
Quoting T@rantula
{quote} Basically this was the setup which I presented on yesterday's webinar {image} and with vertical line I have marked the actual time of webinar {image}

nice T.. very nice analysis - even during the bs market movements... I am still bullish... i have a support at 3512 - this is probably the bear gate...

perhaps if you have time.. hold an fomc webinar tomorrow live
  • #18,062
  • Dec 17, 2013 10:58am Dec 17, 2013 10:58am
Quoting jaylovin
{quote} nice T.. very nice analysis - even during the bs market movements... I am still bullish... i have a support at 3512 - this is probably the bear gate... perhaps if you have time.. hold an fomc webinar tomorrow live
Yes,it would be nice,but id need to schedule it first. Maybe,some other time.Anyway this day was good for trading eurusd,got 3 long entries all of them per analysis and profitable. Actually price indeed respects intraday TA
  • #18,063
  • Dec 18, 2013 1:11am Dec 18, 2013 1:11am
Quoting T@rantula
{quote} Basically this was the setup which I presented on yesterday's webinar {image} and with vertical line I have marked the actual time of webinar {image}
Thanks T will follow closer.. GREAT stuff
  • #18,064
  • Dec 18, 2013 3:36am Dec 18, 2013 3:36am
Its very ungrateful to make analysis on FOMC day, but I will present it as strictly technical. EURUSD has formed a triangle with inverted HS pattern and we can see that judging by PA and MACD, price is in bullish consolidation. Technically EURUSD is bullish while above 3735-30 and we can see the confluence on the chart. Also 3750 is interim support. Triangle is holding breakouts where only the sustained break above 3785 aims for 3810 and 3830 subsequently.

To the downside as you can see dips are bought around 3735 and only the break below 3730 will aim for 3710-00. Watch for FOMC later today and be very cautious.

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  • #18,065
  • Dec 18, 2013 5:35am Dec 18, 2013 5:35am
GBPUSD is trying to reach 6394, I have marked important POC ( points of confluence ).

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P.S. You can read full analysis on my FX BLOG.
  • #18,066
  • Dec 18, 2013 8:48am Dec 18, 2013 8:48am
Quoting T@rantula
GBPUSD is trying to reach 6394, I have marked important POC ( points of confluence ). {image} P.S. You can read full analysis on my FX BLOG.
6393 hit!
  • #18,067
  • Dec 18, 2013 8:53am Dec 18, 2013 8:53am
Today I will be holding a free webinar about news trading. You can register HERE. Will show examples how you could trade today's GBP and of course NFP.
  • #18,068
  • Dec 19, 2013 4:32am Dec 19, 2013 4:32am
As we could see yesteday, FOMC was very VOLATILE. It went to 3780 pre FOMC then dropped to 3700 then rocketed to 3811 then dropped to 3675. As you know I expected the price to go up even more ( 3830 and 3870 subsequently ) but it was heavily sold out to 3645 as we had it today. As I can see it, its too low to short it now so if we get a retracement we could start thinking about shorts. Firstly we have a descending channel now and we could see that the price has been touching its upper border. The problem is that it is 23.6 FIB and it doesnt give me much confidence for short setups (except some scalps ). If the channel is broken then we will have alternative channel line above it and we could see EURUSD going to 3715-3725 where we have 3ple confluence. I dont see any counter trade setups now as EURUSD has dropped too far concerning yesterday's jump to 3811, so its better to wait for retracement for any short positioning.
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  • #18,069
  • Dec 19, 2013 5:34am Dec 19, 2013 5:34am
EURUSD levels table

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  • #18,070
  • Dec 19, 2013 9:58am Dec 19, 2013 9:58am
Not every trader is willing to talk about their losses. In today's FREE webinar me and Chris will talk about our successes but also mistakes. Sign up for free webinar HERE.
  • #18,071
  • Dec 19, 2013 12:19pm Dec 19, 2013 12:19pm
hello all
Gold clean like crystal it goes as it suppose to go
It still have much more room to go sink
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  • #18,072
  • Dec 19, 2013 12:51pm Dec 19, 2013 12:51pm
Quoting egkid
hello all Gold clean like crystal it goes as it suppose to go It still have much more room to go sink {image}
next level i wait 1163
  • #18,073
  • Dec 19, 2013 3:49pm Dec 19, 2013 3:49pm
Quoting egkid
{quote} next level i wait 1163

i say don't buy till 800 dollar mark... 3620 next support on Euro... this 3650 was when euro flew sky high to 1.38... so its now resting here though it had lower target... overall trend still up - 3832 not the top still
  • #18,074
  • Dec 20, 2013 4:48am Dec 20, 2013 4:48am
Quoting egkid
hello all Gold clean like crystal it goes as it suppose to go It still have much more room to go sink {image}
Hey EG!

As long as we have USD strength it should fall, but i dont trade it atm Nice trade

Quoting jaylovin
{quote} i say don't buy till 800 dollar mark... 3620 next support on Euro... this 3650 was when euro flew sky high to 1.38... so its now resting here though it had lower target... overall trend still up - 3832 not the top still
Yes overall its still up, we still have bullish trend I agree, 3620 is strong
  • #18,075
  • Dec 20, 2013 5:20am Dec 20, 2013 5:20am
Today as we see, 3620 held the rally and we also have a regular bullish divergence around L3 level and ATR confluence with H5 and 00 at 3700. EURUSD is trying to get to 3685 again. Have in mind that today is Friday, will be some profit taking and next week only Monday and Friday will be working days due to Christmas holidays.
If EURUSD manages to close above 3700 then we still need to consider 3820. On the contrary If EURUSD manages to break below 3620, 3605 and 3585 are targets.
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  • #18,076
  • Dec 20, 2013 6:43am Dec 20, 2013 6:43am
Quoting T@rantula
Today as we see, 3620 held the rally and we also have a regular bullish divergence around L3 level and ATR confluence with H5 and 00 at 3700. EURUSD is trying to get to 3685 again. Have in mind that today is Friday, will be some profit taking and next week only Monday and Friday will be working days due to Christmas holidays. If EURUSD manages to close above 3700 then we still need to consider 3820. On the contrary If EURUSD manages to break below 3620, 3605 and 3585 are targets. {image}

indeed 3620 is a helluva support.. i have 3617 +- 2 pips... so we might dip a little but i think to preserve a STRONG upmove, we should not break 3615-20... otherwise we can look for a 3520 area...
  • #18,077
  • Dec 20, 2013 6:50am Dec 20, 2013 6:50am
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  • #18,078
  • Dec 20, 2013 9:39am Dec 20, 2013 9:39am
And EURUSD has borken 3700 Well it seems ,Jay that we were right
  • #18,079
  • Dec 20, 2013 9:48am Dec 20, 2013 9:48am
Well it was expected, divergence paired with Friday and obvious 3620 strong support..Contrary to many analysts today we nailed this one
  • #18,080
  • Dec 20, 2013 12:03pm Dec 20, 2013 12:03pm
Quoting T@rantula
And EURUSD has borken 3700 Well it seems ,Jay that we were right

Yup... 3620 is a good support now I have one scenario that says 3617 must hit but another one that says low already in place and we move higher. End of year soon. New techs and moves will come into place in the new year. It's still bullish. I. Agree a close above 1.37 will give more confidence in resuming uptrend

pleasure doing business with you T as always... Longed at 3640 and cashed at 1.3702
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