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  • #18,481
  • Mar 5, 2014 8:12am Mar 5, 2014 8:12am
Quoting T@rantula
{quote} Hope you managed the trade. The price has been rejected 2 times off 4770-75 to 4750 couple of times and when i see that I usually put trailing stop. GBPUSD news in 30 mins will either spike the price up or again down.
No...I was stoped out. I have 10 pips in pocket and I want it more ...greed cost (-40 pips)
  • #18,482
  • Mar 6, 2014 3:41am Mar 6, 2014 3:41am
Quoting gasster
{quote} No...I was stoped out. I have 10 pips in pocket and I want it more ...greed cost (-40 pips)
Aw well, lets wait for another opportunity then. As long as the risk is under control we are safe.
  • #18,483
  • Mar 6, 2014 4:16am Mar 6, 2014 4:16am
Today we have major news coming for GBP, EUR, USD and CAD. I will be doing the analysis AFTER the news release.
  • #18,484
  • Mar 6, 2014 8:40am Mar 6, 2014 8:40am
Price has jumped a lot on eur pairs and also jpy pairs. We need a substantial retrace to buy it. On GBPAUD i would like to see a pullback to 1.8490-1.8500 for a short entry to 1.8420-00 again. It would be a technical retest trade after a breakout of the lower trendline and giant triangle.
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Fibonacci retracements cannot be drawn while the price is moving fast without a pullback so we need to use other price action formations.

EURUSD is having a very strong jump closing to 3860-70 region where historical sellers wait. The region should provide at least a scalp scalp/swing countertrend opportunity.
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  • #18,485
  • Mar 6, 2014 9:36am Mar 6, 2014 9:36am
Nice work T.
  • #18,486
  • Mar 6, 2014 10:03am Mar 6, 2014 10:03am
Quoting Anvari
Nice work T.
Thanks,
EUR got rejected from 3855 zone, GBPAUD unfortunately didnt PB for a 2nd chance retest-sell.
  • #18,487
  • Mar 6, 2014 11:07am Mar 6, 2014 11:07am
more up for euro... 3920 is next... no idea where to buy for now... but big green bar its bullish... swing bear trade coming up as well somewhere between 1.39 and 1.41 but not sure where... no time to look at charts for not but next week i will be back home in the uk so will start trading..
  • #18,488
  • Mar 6, 2014 11:56am Mar 6, 2014 11:56am
Quoting jaylovin
more up for euro... 3920 is next... no idea where to buy for now... but big green bar its bullish... swing bear trade coming up as well somewhere between 1.39 and 1.41 but not sure where... no time to look at charts for not but next week i will be back home in the uk so will start trading..
Hey Jay, yes 3920 might be on its way once 3870 breaks. I will do the analysis tomorrow. We need some PB for entering a long. Welcome back!
  • #18,489
  • Mar 6, 2014 5:30pm Mar 6, 2014 5:30pm
Notice you mention GBPAD.. T .. I trade it a bit..wit EUAD and Oz.. trying to get a scalp long on it at mo.. with out much success so far.. will post if I crack it.. got it down last nite from 500 ish
  • #18,490
  • Mar 6, 2014 5:38pm Mar 6, 2014 5:38pm
Taken a short 15 min
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  • #18,491
  • Mar 6, 2014 5:49pm Mar 6, 2014 5:49pm
am out abt 17 points clear.. picture 5 mi n GBPAD.. I learnt a lesson then.. which I know but don't enforce enough.. KEEP WATCHING the 4 hr
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  • #18,492
  • Mar 7, 2014 4:07am Mar 7, 2014 4:07am
Quoting danc
Notice you mention GBPAD.. T .. I trade it a bit..wit EUAD and Oz.. trying to get a scalp long on it at mo.. with out much success so far.. will post if I crack it.. got it down last nite from 500 ish
Great! I was also trying to get a 2nd chance PB to 8500 but no avail, price had already dropped.
  • #18,493
  • Mar 7, 2014 4:08am Mar 7, 2014 4:08am
Quoting danc
am out abt 17 points clear.. picture 5 mi n GBPAD.. I learnt a lesson then.. which I know but don't enforce enough.. KEEP WATCHING the 4 hr {image}
Still good, use the trailing stop on bigger trades. Very often it happens that when the price goes in a single direction after 20-30 pips it will PB to the entry point and sometimes completely reverse for a big PB which can spike your SL.
  • #18,494
  • Mar 7, 2014 4:18am Mar 7, 2014 4:18am
On EURUSD we can see that the price is close to another resistance which is 3890-3900. The zone might provide scalping opportunities pre NFP and before NFP, it might hold. After NFP if its broken EURUSD will target 3920-40 but if 3900 resists we might drop to 3850 then 3820. In either case 3890-3900 is the zone to watch for either for short scalps ( prior to NFP ) or possible BPC if broken afterwards.

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  • #18,495
  • Mar 7, 2014 5:13am Mar 7, 2014 5:13am
Quoting T@rantula
On EURUSD we can see that the price is close to another resistance which is 3890-3900. The zone might provide scalping opportunities pre NFP and before NFP, it might hold. After NFP if its broken EURUSD will target 3920-40 but if 3900 resists we might drop to 3850 then 3820. In either case 3890-3900 is the zone to watch for either for short scalps ( prior to NFP ) or possible BPC if broken afterwards. {image}

see it similar


upper side analysis:

http://www.forexfactory.com/showthre...82#post7324882

http://www.forexfactory.com/showthre...18#post7324918


lower side analysis:

http://www.forexfactory.com/showthre...50#post7324950


From some EW and fib considerations, 3885 to 3916 may offer good resistance.

From Murrey Math view high probability of rejection at 3916, extended 3646

right in this area we also have the daily and weeklies resistance levels of Pivot
  • #18,496
  • Mar 7, 2014 5:43am Mar 7, 2014 5:43am
EUUD 4 hr if it hits 3930 I am going to sell it.. a punt just a small possie
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  • #18,497
  • Mar 7, 2014 6:11am Mar 7, 2014 6:11am
Quoting infinitus
{quote} see it similar upper side analysis: http://www.forexfactory.com/showthre...82#post7324882 http://www.forexfactory.com/showthre...18#post7324918 lower side analysis: http://www.forexfactory.com/showthre...50#post7324950 From some EW and fib considerations, 3885 to 3916 may offer good resistance. From Murrey Math view high probability of rejection at 3916, extended 3646 right in this area we also have the daily and weeklies resistance levels of Pivot...

ups, should have read 3946
  • #18,498
  • Mar 7, 2014 6:17am Mar 7, 2014 6:17am
Quoting danc
EUUD 4 hr if it hits 3930 I am going to sell it.. a punt just a small possie {image}
Yes but either a pending order or fast fingers market order as the price will probably be rejected at the first attempt.

Quoting infinitus
{quote} see it similar upper side analysis: http://www.forexfactory.com/showthre...82#post7324882 http://www.forexfactory.com/showthre...18#post7324918 lower side analysis: http://www.forexfactory.com/showthre...50#post7324950 From some EW and fib considerations, 3885 to 3916 may offer good resistance. From Murrey Math view high probability of rejection at 3916, extended 3646 right in this area we also have the daily and weeklies resistance levels of Pivot
Good one Markus, we also need to be focused on NFP afterspike as it may lead to initial whipsaw.
  • #18,499
  • Mar 7, 2014 8:05am Mar 7, 2014 8:05am
AUDUSD could go to 9150-70 region. Would like to see a pullback to 9075-65 zone where we could search for long trades. We also see that retest of the zone has already been done and if it holds we might see a rejection to 9150.

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  • #18,500
  • Mar 8, 2014 6:42am Mar 8, 2014 6:42am
Quoting infinitus
{quote} Hi Egkid, how are you? Hope all is well. Long time no see no hear :-( What is cooking? I see actually three scenarios for Gold: a) we are in a broader wave 4 triangle. Now in wave C up b) we are in wave C up of an ABC flat. This ABC-flat is wave 4 up c) we are in wave 4 of an ending diagonal wave 5 I do like a) and b) more, because they would give more room for Gold to fall much deeper thereafter. With version c) we should only see limited downside, maybe 1100-max 1000 whereas a) and b) would open the door for a Gold typical elongated wave...
mostly we got same view my next stop station as mention 1120 moslyfor e/u as i said some months ago 3960 but it was hell of tricky year up and down too much not good for long term trade" anyway my top for it 1.42 SL 1.4270 TP HugeI could b wrong but this is my view for technical , Political something going to happen to shoot us$ Unbelievable Up and this is sign before end of the story
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