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EURUSD

  • #877,201
  • Feb 16, 2014 10:10pm Feb 16, 2014 10:10pm
Ride the downtrend and sell EUR/USD

hmmm
  • #877,202
  • Feb 17, 2014 12:23am Feb 17, 2014 12:23am
EURUSD (Cypher Harmonic Pattern coming?) Trade Setup & Forecast for the week 17th Feb, 2014



EURUSD Trade Setup & Forecast for the week 17th Feb, 2014

(Cypher Harmonic Pattern coming?)




Weekly Chart

http://2.bp.blogspot.com/-E2KutFv1g0...2-17_11-23.jpg



Daily Chart

http://1.bp.blogspot.com/-gMAariVFno...2-17_11-23.jpg


Hourly Chart

http://3.bp.blogspot.com/-kRP1K-El3k...2-17_11-23.jpg


Last week my trade setup for short worked very well, For those who followed it had a capacity for around 100pips. However i did not expect the bullish momentum to be so strong for the euro.
Anyways, working what the chart tells us, here is my next trade setup. With the bullish momentum and price breaking through resistance, it won't be suprised for price to hit my sell zone.

This zone has confluence levels of 78.6 fib, 161.8 fib ext, 127.2 & 200inverse fib ext, as well as weekly R2 pivot, they are all within few pips of each other, and three overlapping as well. - You couldn't get much better confluence so this looks exciting. Then when i took a view of the chart zoomed out, what i saw is a cypher pattern setting up - therefore i've drawn in the triangle for harmonic pattern traders to see.
Outlook Trade opportunity

Look at the H4 chart
Risk Level - LOW


Tips -

Always take note of any economical news event on our provided calender below
Only the strong survives!
  • #877,203
  • Feb 17, 2014 12:29am Feb 17, 2014 12:29am
Quoting Miguel.N
...for this time -> no hope for shorting guys, help less with hands and feet well tied, without air in the very deep water they'll slowly dying... ! -( {image}
Above 13733 DAILY close, I believe there will be no more turning back for SHORT position.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #877,204
  • Feb 17, 2014 1:57am Feb 17, 2014 1:57am
Quoting fatpanda
GU shuttle kill many accouts
yes she did in 2008 "all" bull accounts Orange oval
since then shes been ranging for last 5 years orange rectangle, , if you suggesting last weeks candle was account killer have a look see if you can see the pip squeak thing couldn't mark it it so small , nothing more than pushing in to test top of range / resistance normal pa, only idiot lost account
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly 17 2 2014.png Size: 101 KB
If you are new to Forex? Say Goodbye to your account!!
  • #877,205
  • Feb 17, 2014 2:14am Feb 17, 2014 2:14am
Quoting moneymove
{quote} Hi acuinat, for this account I show off at my signature I used 1:10 RR, risking $250 (prize money so nothing to lose) aiming at $2,500, and I almost reach my target . For my regular account I only risk 2% max each trade. Actually there is good visual money management indicator called HurtLocker.mq4. You just draw horizontal line at your planned entry price, and it will automatically calculate your MM based on your risk tolerance, and draw TP and SL accordingly. Just google it or you could PM me and I'll send it to you. Here the indicator...
explain me inbo how to set it up, because i ve add it in my chart but don t know where to modify the color.
thank for advance
  • #877,206
  • Feb 17, 2014 2:37am Feb 17, 2014 2:37am
a new government in Italy may be formed today backed up by the finance world, eu may go up quite a bit, me think….Pa confirms.
Wherever you go, there you are.
  • #877,207
  • Feb 17, 2014 2:51am Feb 17, 2014 2:51am
bearish flag.
is eur/usd going to drop today ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 40 KB
  • #877,208
  • Feb 17, 2014 2:57am Feb 17, 2014 2:57am
Quoting wannabtrader
bearish flag. is eur/usd going to drop today ? {image}
is that a bearish flag?
Wherever you go, there you are.
  • #877,209
  • Feb 17, 2014 3:01am Feb 17, 2014 3:01am
look at usd/chf , exact opposite
  • #877,210
  • Feb 17, 2014 3:05am Feb 17, 2014 3:05am
Quoting wannabtrader
look at usd/chf , exact opposite
a flag is a continuation pattern, a bearish flag contains a pole downwards and pullback as a flag….me think…correct me if I am wrong….
Wherever you go, there you are.
  • #877,211
  • Feb 17, 2014 3:08am Feb 17, 2014 3:08am
Quoting milam
{quote} a flag is a continuation pattern, a bearish flag contains a pole downwards and pullback as a flag….me think…correct me if I am wrong….
its up sloping so I would consider it a bearish flag, obviously not continuation in this case
  • #877,212
  • Feb 17, 2014 3:10am Feb 17, 2014 3:10am
Closed +200 pips:
http://prntscr.com/2t9gg4


Here is my analysis for this week:



Analysis for this week:
http://prntscr.com/2t2rbr
http://prntscr.com/2t2rvy
http://prntscr.com/2t2s4x
http://prntscr.com/2t2sja
http://prntscr.com/2t2t9p
http://prntscr.com/2t2tzk
http://prntscr.com/2t2ugv

The only question stays where EA should go, AUD and EUR are both expected to strenghten, lets see if we can pop resistance on AUD pairs.
  • #877,213
  • Feb 17, 2014 3:11am Feb 17, 2014 3:11am
Quoting wannabtrader
{quote} its up sloping so I would consider it a bearish flag, obviously not continuation in this case
I see...
Wherever you go, there you are.
  • #877,214
  • Feb 17, 2014 3:45am Feb 17, 2014 3:45am
Quoting milam
{quote} I see...
you are correct.
maybe the missing piece of the puzzle
but price cant oscillate forever, eventually it will have to break through highs and lows, so it could go straight up.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 41 KB
  • #877,215
  • Feb 17, 2014 3:51am Feb 17, 2014 3:51am
Quoting wannabtrader
{quote} you are correct. maybe the missing piece of the puzzle {image}
Make it 1.363x if 1.367x is broken....

I'll keep an eye on 1.378x/1.383x upside for the full downmove to 1.31xx down to 1.28xx
COT: The precious data ignored
  • #877,216
  • Feb 17, 2014 4:00am Feb 17, 2014 4:00am
For today I expect nothing, now news, no US.

But I see a weak chance for a slide down of 160 - 180 pips over the next 3-5 days (1.3564 min).

OTOH they can push it up easily.
  • #877,217
  • Feb 17, 2014 4:05am Feb 17, 2014 4:05am
Quoting wannabtrader
{quote} you are correct. maybe the missing piece of the puzzle but price cant oscillate forever, eventually it will have to break through highs and lows, so it could go straight up. {image}
I think I read somewhere that you can also have reverse bullish flags, which are not continuos pattern (classic), but exuations patterns, in that case you are correct.

They are a bit more rare to perform than the classic one, but they still do.

She is making in her range HH's and HL's, looks like traders find it convenient to buy at the bottom of the range, many will cover at the top, the counter traders will do the opposite taken in consideration to cover before the last swing low.

It would be interesting to see what happens to the other side once she brokes on the opposite one...
Wherever you go, there you are.
  • #877,218
  • Feb 17, 2014 4:11am Feb 17, 2014 4:11am
hahaha. ok ok..whatever.
looks like map of ud1nho wave is to 3515 then to 3926 for a c wave at 1.3750
this is not call. its trying to fit theory a wave should start above wave 4.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #877,219
  • Feb 17, 2014 4:13am Feb 17, 2014 4:13am
Quoting CandleStar
For today I expect nothing, now news, no US. But I see a weak chance for a slide down of 160 - 180 pips over the next 3-5 days (1.3564 min). OTOH they can push it up easily.
I'm not expecting much today since NY closed. I'm flat and taking the day off and waiting to see how the week develops.

GL Traders
  • #877,220
  • Edited 4:26am Feb 17, 2014 4:15am | Edited 4:26am
Quoting ud1nh0
hahaha. ok ok..whatever. looks like map of ud1nho wave is to 3515 then to 3926 for a c wave at 1.3750 this is not call. its trying to fit theory a wave should start above wave 4.
woops a c detected at 3562. cancel this map
looks like 3733 will open path to 1.40 if zigzag retraced 50% can be considered as 3 segment.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
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