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  • #870,281
  • Jan 16, 2014 5:29am Jan 16, 2014 5:29am
unless we brake one of the red line, it will be a ranging day
(because of the triangle formation, the breaking of the upper line has technically bigger chance, but wouldn't be surprised if the market choose the opposite one)
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  • #870,282
  • Jan 16, 2014 5:33am Jan 16, 2014 5:33am
Theres are still some nice sellstops below 3570,3548 from friday nfp
  • #870,283
  • Jan 16, 2014 5:34am Jan 16, 2014 5:34am
Quoting cdndollar
{quote} I think Guppy is a very visual person.. besides looking like a rainbow, his colorful ma clusters may help the un-trained eyes to visualize price continuation to the right.. London price compressing in a tight 20 pip range to the right of the half session engulfing bull bars.. either EURGBP or EURYEN or both, or that eccentric old guy Cable could provide the extra lift for Guppy expansion..
it looks very flashy thats for sure, but I understand what you mean...

well, that 1.362x killed the party atm, don't know if bulls are gone to be honest.. anyway, nothing else to do for me than wait, and yes pretty compressed session so far..
Patience is a virtue...
  • #870,284
  • Edited 5:56am Jan 16, 2014 5:38am | Edited 5:56am
Quoting eurusd_trade
{quote} sell below 1.3613, buy above 1.3613, rinse repeat, gauge your breaks well buy at 1.3600, sell at 1.3625 haha this PA is useless
still holding EA short 15500 AU long 8785, and now also EG long 8331, i've reduced AU a touch to accommodate EG, frankly though i'm about to call it quits, there are better uses of time than this compressed session. i may leave a small EG just because that's the best setup out of all of these although the others are ok too for decent size, it's just more challenging to watch the 8775 heavy support in AU while it ranges and it's not something you want to just walk away from... anyway, i'll stick around for the NY open
  • #870,285
  • Jan 16, 2014 5:41am Jan 16, 2014 5:41am
added another L, stop at 03
  • #870,286
  • Jan 16, 2014 5:45am Jan 16, 2014 5:45am
Happened 3 times in december, 1(2) times in january.
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  • #870,287
  • Jan 16, 2014 5:48am Jan 16, 2014 5:48am
The value of the Euro And GBP is falling. Really the companies should stop outsourcing so that the market can be healthy. I liken the Euro to someone trying to sprint up a steep hill, huffing and puffing but making little progress. I cannot see it reaching 1.36500 today.
  • #870,288
  • Jan 16, 2014 5:58am Jan 16, 2014 5:58am
Quoting kuroro001
{quote} No ideas neither, hence i'll stick to one bias until it breaks something
I cannot make any sense out of this……I surrender…..Done for the day.
Wherever you go, there you are.
  • #870,289
  • Jan 16, 2014 6:12am Jan 16, 2014 6:12am
I think and I am sure
Today will see the price for 1.3738
  • #870,290
  • Jan 16, 2014 6:13am Jan 16, 2014 6:13am
Quoting eurusd_trade
{quote} still holding EA short 15500 AU long 8785, and now also EG long 8331, i've reduced AU a touch to accommodate EG, frankly though i'm about to call it quits, there are better uses of time than this compressed session. i may leave a small EG just because that's the best setup out of all of these although the others are ok too for decent size, it's just more challenging to watch the 8775 heavy support in AU while it ranges and it's not something you want to just walk away from... anyway, i'll stick around for the NY open
i have to say i don't like that EG failed to get more traction during the LDN session and we've halted the grind higher. maybe it is better to try a stopin
gonna reduce size a little bit across the boardt and see if it helps
  • #870,291
  • Jan 16, 2014 6:14am Jan 16, 2014 6:14am
Quoting fxiran
I think and I am sure Today will see the price for 1.3738
lol thanks, i'm going all in
COT: The precious data ignored
  • #870,292
  • Jan 16, 2014 6:18am Jan 16, 2014 6:18am
Another technical scenario, what would confirm a new low...of course the right wing's formation can turn into an other shape! (for example the right wing's top can be higher /until 1.36990 it's ok/, and the lower point can be sooner or later either)
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  • #870,293
  • Jan 16, 2014 6:20am Jan 16, 2014 6:20am
Hmm looks like strong buyers are lurking inside this 1.360x area
COT: The precious data ignored
  • #870,294
  • Jan 16, 2014 6:22am Jan 16, 2014 6:22am
Quoting kuroro001
Hmm looks like strong buyers are lurking inside this 1.360x area
yeah it's the tri support as someone pointed out earlier
  • #870,295
  • Jan 16, 2014 6:25am Jan 16, 2014 6:25am
Quoting milam
{quote} I cannot make any sense out of this……I surrender…..Done for the day.
Hey, its not rocket science.. Support below, resistance above.
As orders hit the market & if more buyers than sellers we blow the roof, vv we plunge the bottom.
Rinse, repeat.
  • #870,296
  • Jan 16, 2014 6:30am Jan 16, 2014 6:30am
Quoting kuroro001
Hmm looks like strong buyers are lurking inside this 1.360x area
agree about the area, but the fact we couldn't break 1.362x makes me think it's a trap.. I could be wrong, it wouldn't be the first time..
Patience is a virtue...
  • #870,297
  • Jan 16, 2014 6:37am Jan 16, 2014 6:37am
Quoting hadox
{quote} agree about the area, but the fact we couldn't break 1.362x makes me think it's a trap.. I could be wrong, it wouldn't be the first time..
It wants to break down

Let's wait for the news, make or break

Bulls trying to accumulate here
COT: The precious data ignored
  • #870,298
  • Jan 16, 2014 6:43am Jan 16, 2014 6:43am
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  • #870,299
  • Jan 16, 2014 6:47am Jan 16, 2014 6:47am
Quoting kuroro001
{quote} It wants to break down Let's wait for the news, make or break Bulls trying to accumulate here
I'm one of those bulls at this level and still trying to get my 1.3700/50. LOL! Today could be the day I win or lose.

My last try for longs.

GL Traders.
  • #870,300
  • Jan 16, 2014 6:52am Jan 16, 2014 6:52am
I'd Bet you a bag of Garden Salsa Sun Chips that the bull's still have one last rally up to the 1.3750 level before the bears take control. I will be looking to short at 1.37467 because its a nice Fib.
Taking responsibility means believing that your outcomes are self-generated
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