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  • #18,241
  • Jan 28, 2014 7:47am Jan 28, 2014 7:47am
+40 currently..news spike.
  • #18,242
  • Edited 8:45am Jan 28, 2014 7:59am | Edited 8:45am
EURUSD jumped 40 pips off 3630, just as thought and shown via analysis. Now we need to see a drop in AUDUSD for a perfect picture. Technically AUDUSD should drop to 8700 in the first swing
  • #18,243
  • Jan 29, 2014 5:02am Jan 29, 2014 5:02am
Pay attention to FOMC today. I expect FOMC to be volatile and break the 3630-3700 range of EURUSD.
  • #18,244
  • Jan 29, 2014 5:30am Jan 29, 2014 5:30am
As for AUDUSD I see short setups, and we can see on the chart that the price indeed faces a strong resistance where Monthly trendline and H4 level intersect. Also we can see that M pattern has been formed and MACD shows gain of down momentum (DOMO) strength. DOMO should be even higher when 8755 breaks to the downside. Targets for downmove should be 8735 and 8695 on intraday charts.

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  • #18,245
  • Jan 29, 2014 8:19am Jan 29, 2014 8:19am
First target has been hit on AUSSIE.
  • #18,246
  • Jan 29, 2014 8:21am Jan 29, 2014 8:21am
Register for my FREE webinar today about Price Action trading part I. You can register HERE.
  • #18,247
  • Jan 29, 2014 8:22am Jan 29, 2014 8:22am
maybe its cheating and silly to say i went long at 3606 but i did and still holding.... anyways where am i looking? if the temp top doesn't hold i have 3767.. 3792.... however if 3767 doesn't hold i am looking for 3919 as shorting areas.. if 3600 doesn't hold i am looking to long a lot lower down... like 1.34.. actually sub 1.32
  • #18,248
  • Jan 29, 2014 1:10pm Jan 29, 2014 1:10pm
Quoting jaylovin
maybe its cheating and silly to say i went long at 3606 but i did and still holding.... anyways where am i looking? if the temp top doesn't hold i have 3767.. 3792.... however if 3767 doesn't hold i am looking for 3919 as shorting areas.. if 3600 doesn't hold i am looking to long a lot lower down... like 1.34.. actually sub 1.32
Its not cheating, I know Nice...Basically we had 3 long setups 3650 3630 and 3600. Well done Jay! I shorted AUDUSD 2 times today, as per analysis.
  • #18,249
  • Jan 29, 2014 1:14pm Jan 29, 2014 1:14pm
where do you think it is headed now ? you still think it is going up ? I have a long I am still holding

thanks
  • #18,250
  • Jan 29, 2014 1:32pm Jan 29, 2014 1:32pm
I am so happy when I see that I am helping you to make pips. This is a commentary from a trader - Igor Lukic who is constantly visiting Session Recaps.
Thank you for support and making a smile on my face!

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  • #18,251
  • Jan 29, 2014 1:35pm Jan 29, 2014 1:35pm
Quoting EternalNewB
where do you think it is headed now ? you still think it is going up ? I have a long I am still holding thanks
It seems its trapped in a range 3600-3700. The range hasnt been broken after FOMC ( so far ). I need to see daily close so Ill update EURUSD analysis tomorrow morning.
  • #18,252
  • Jan 29, 2014 1:38pm Jan 29, 2014 1:38pm
Quoting T@rantula
{quote} It seems its trapped in a range 3600-3700. The range hasnt been broken after FOMC ( so far ). I need to see daily close so Ill update EURUSD analysis tomorrow morning.

I appreciate it. Good stuff as always.
  • #18,253
  • Jan 29, 2014 1:54pm Jan 29, 2014 1:54pm
Quoting T@rantula
{quote} It seems its trapped in a range 3600-3700. The range hasnt been broken after FOMC ( so far ). I need to see daily close so Ill update EURUSD analysis tomorrow morning.
Thank you
  • #18,254
  • Jan 30, 2014 3:52am Jan 30, 2014 3:52am
OMG stopped out at b/e.. Not a single pip profit after being 70 pips in the green, let this be a lesson boys and girls... Ok so 3560 coming.. I will sill wait to short higher if at all or now long lower.. 1.34 region perhaps
  • #18,255
  • Jan 30, 2014 3:59am Jan 30, 2014 3:59am
Quoting EternalNewB
{quote} Thank you
Quoting calderone
{quote} I appreciate it. Good stuff as always.

You are welcome guys!
  • #18,256
  • Jan 30, 2014 4:00am Jan 30, 2014 4:00am
EURUSD has been rejected after yesterday FOMC and now we need to see where can we place a long trade. POC1-3 are zones which i marked for a possible counter trend trade. Why dont we go with a trend? Because we need a substantial pullback (PB) of at least 50-60 pips and this might not happen. That is why we need to pick chances for longs. Trendline which intersects POC1 comes first and under TL there are 2 zones, both with strong fib confluence.


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  • #18,257
  • Jan 30, 2014 4:01am Jan 30, 2014 4:01am
Quoting jaylovin
OMG stopped out at b/e.. Not a single pip profit after being 70 pips in the green, let this be a lesson boys and girls... Ok so 3560 coming.. I will sill wait to short higher if at all or now long lower.. 1.34 region perhaps
Damn! Jay you should have moved your stop or trail it..70 pips thrown away...:/
  • #18,258
  • Jan 30, 2014 5:25am Jan 30, 2014 5:25am
Quoting T@rantula
EURUSD has been rejected after yesterday FOMC and now we need to see where can we place a long trade. POC1-3 are zones which i marked for a possible counter trend trade. Why dont we go with a trend? Because we need a substantial pullback (PB) of at least 50-60 pips and this might not happen. That is why we need to pick chances for longs. Trendline which intersects POC1 comes first and under TL there are 2 zones, both with strong fib confluence. {image}
POC1 rejection +23 currently
  • #18,259
  • Jan 30, 2014 5:39am Jan 30, 2014 5:39am
Quoting T@rantula
{quote} POC1 rejection +23 currently
To the pip man to the pip !!!

really impressing how you get this POCs I wish I could learn a trick or two
  • #18,260
  • Jan 30, 2014 5:43am Jan 30, 2014 5:43am
Quoting EternalNewB
{quote} To the pip man to the pip !!! really impressing how you get this POCs I wish I could learn a trick or two
Thanks

Its CAMMACD
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