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  • #18,281
  • Feb 3, 2014 7:29am Feb 3, 2014 7:29am
Quoting jaylovin
{quote} Excellent T.. My target is 3456 intraday. We may bounce at 3440.. Overall target is 3398
Would like to see another rally to sell into HEAVILY
  • #18,282
  • Feb 4, 2014 4:00am Feb 4, 2014 4:00am
No new setups at the moment. First 3h of EACH session are best to trade so we are gonna wait for NY open.
  • #18,283
  • Feb 4, 2014 4:02am Feb 4, 2014 4:02am
Quoting T@rantula
{quote} Would like to see another rally to sell into HEAVILY
3550... 3596 perhaps.. maybe a spike to 3630 will do it
  • #18,284
  • Feb 4, 2014 4:05am Feb 4, 2014 4:05am
Quoting jaylovin
{quote} 3550... 3596 perhaps.. maybe a spike to 3630 will do it
Id like to see 3550-70 but we already had a sort of 3540..so if it rallies again it should be contained within 3550-70, but yes if it goes through 3596 3630 is next..still I dont think it will happen today. Friday is the most important they for EUR. Until then we should try to sell into those mini rallies as daily pattern is bearish.
  • #18,285
  • Feb 4, 2014 4:31am Feb 4, 2014 4:31am
Quoting T@rantula
{quote} Id like to see 3550-70 but we already had a sort of 3540..so if it rallies again it should be contained within 3550-70, but yes if it goes through 3596 3630 is next..still I dont think it will happen today. Friday is the most important they for EUR. Until then we should try to sell into those mini rallies as daily pattern is bearish.
not only do i agree with your style... i like it too

btw my targets are still valid - 3455.. more immediate

then 3398 but we might get a strong retracement before this one hits so be careful
  • #18,286
  • Feb 4, 2014 6:53am Feb 4, 2014 6:53am
Quoting jaylovin
{quote} not only do i agree with your style... i like it too btw my targets are still valid - 3455.. more immediate then 3398 but we might get a strong retracement before this one hits so be careful
Thanks Jay...Well you know that already Trend trading is BUY into DIPS and SELL into rallies, so we always should wait for a substantial pullback (unless we are going for a breakout or a scalp) before entering a trade. So even if we miss a trade there is still 22 more pairs to trade. Yes 3455 and 3395-8 are valid, but Friday should give us the cue. Market has been calm last few days concerning EURUSD.
  • #18,287
  • Feb 4, 2014 8:09am Feb 4, 2014 8:09am
I see a potential trade at AUDCHF. Its a pair which has a strong daily trend and the target seems to be 0.8110. We need a PB to 0.8000-7990 where we see a strong confluence zone. The trendline whcih has been broken is thrusting H5 CAM level so PB there would possibly give us chance for long trade.

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  • #18,288
  • Feb 4, 2014 9:19am Feb 4, 2014 9:19am
Hi Chief....Shorted NZDUSD @0.8174. Price should stop somewhere in between 0.8195-0.8209 as per my understanding.looking for the target atleast at 0.8133,0.8120. Pls correct me if I am wrong.
  • #18,289
  • Feb 4, 2014 2:45pm Feb 4, 2014 2:45pm
Quoting kalyan
Hi Chief....Shorted NZDUSD @0.8174. Price should stop somewhere in between 0.8195-0.8209 as per my understanding.looking for the target atleast at 0.8133,0.8120. Pls correct me if I am wrong.
Hey Kalyan,
If you remember we had 3 chances ( pre webinar ) to short into 8125. After the webinar it was 8115-8058 so it was 4th chance trade to short into it. Then logically the priced jumped backed up by good AUD data. 8250 is the resistance now, but as daily candle is big, we could probably have a drop or at least a retracement.
  • #18,290
  • Feb 4, 2014 5:08pm Feb 4, 2014 5:08pm
Quoting T@rantula
{quote} Thanks Jay...Well you know that already Trend trading is BUY into DIPS and SELL into rallies, so we always should wait for a substantial pullback (unless we are going for a breakout or a scalp) before entering a trade. So even if we miss a trade there is still 22 more pairs to trade. Yes 3455 and 3395-8 are valid, but Friday should give us the cue. Market has been calm last few days concerning EURUSD.

I can not and will not trade other pairs due to lack of time I am afraid.. And for me that's a good thing otherwise I would do nothing else with my life.. Crappy small range day today. Maybe a good idea to take a vacation for a few days
  • #18,291
  • Feb 4, 2014 11:46pm Feb 4, 2014 11:46pm
Quoting T@rantula
{quote} Hey Kalyan, If you remember we had 3 chances ( pre webinar ) to short into 8125. After the webinar it was 8115-8058 so it was 4th chance trade to short into it. Then logically the priced jumped backed up by good AUD data. 8250 is the resistance now, but as daily candle is big, we could probably have a drop or at least a retracement.
Thank you Chief....., I saw resistance at 8258,8238 and 8195.But I thought 8195 wud stop the price. Anyway my stops were collected. But How could AUD good data effect NZD ?
  • #18,292
  • Feb 5, 2014 3:43am Feb 5, 2014 3:43am
Here is the current view on EURUSD. EURUSD is in consolidation triangle. Break above 3536 targets 3585-3600 and break below 3578 targets 3550 and 3415. Best is to wait for a volatility break then look for Breakout-Pullback-Continuation pattern. Market is waiting and that is what price is telling us- triangle, which is a sign of consolidation and impending breakout.

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  • #18,293
  • Feb 5, 2014 4:08am Feb 5, 2014 4:08am
Interesting viw on USDJPY. Head and Shoulders pattern and selling started from the top of right shoulder. That is another way how traders sell into head and shoulders. From the top of the right shoulder is another good way of selling. Neckline break ( in confluence with CAM ) is also expected to happen soon and BPC below 101.13 may give us 100.70

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  • #18,294
  • Feb 5, 2014 4:14am Feb 5, 2014 4:14am
Quoting kalyan
{quote} Thank you Chief....., I saw resistance at 8258,8238 and 8195.But I thought 8195 wud stop the price. Anyway my stops were collected. But How could AUD good data effect NZD ?
NZD has a positive correlation to AUD and that postive correlation on good AUD data keeps it strong.
  • #18,295
  • Feb 5, 2014 5:26am Feb 5, 2014 5:26am
Quoting T@rantula
{quote} Friday is the most important they for EUR.
Why? I don't see any fundamental with high impact.

EDIT: Sorry, NFP is on friday
  • #18,296
  • Feb 5, 2014 5:27am Feb 5, 2014 5:27am
NFP
  • #18,297
  • Feb 5, 2014 7:28am Feb 5, 2014 7:28am
Quoting T@rantula
Here is the current view on EURUSD. EURUSD is in consolidation triangle. Break above 3536 targets 3585-3600 and break below 3578 targets 3550 and 3415. Best is to wait for a volatility break then look for Breakout-Pullback-Continuation pattern. Market is waiting and that is what price is telling us- triangle, which is a sign of consolidation and impending breakout. {image}
Quoting T@rantula
Here is the current view on EURUSD. EURUSD is in consolidation triangle. Break above 3536 targets 3585-3600 and break below 3578 targets 3550 and 3415. Best is to wait for a volatility break then look for Breakout-Pullback-Continuation pattern. Market is waiting and that is what price is telling us- triangle, which is a sign of consolidation and impending breakout. {image}
Both setups are playing out
  • #18,298
  • Feb 5, 2014 9:24am Feb 5, 2014 9:24am
Join up for a FREE webinar about VSA analysis part 2 today. You can sign up HERE
  • #18,299
  • Feb 5, 2014 9:34am Feb 5, 2014 9:34am
Quoting T@rantula
{quote} {quote} Both setups are playing out
USDJPY hit TP! EURUSD stopped on BE for me after +20 pip. Upside still possible.

CHART HERE pre analysis and post analysis!
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  • #18,300
  • Feb 5, 2014 6:06pm Feb 5, 2014 6:06pm
Quoting T@rantula
{quote} USDJPY hit TP! EURUSD stopped on BE for me after +20 pip. Upside still possible. CHART HERE pre analysis and post analysis! {image}
GREAT pattern.. noted and recorded.. Thks.... 2 trend lines collide.. MMMMM
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