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  • #887,741
  • Apr 3, 2014 8:25am Apr 3, 2014 8:25am
Quoting ruffryders
{quote} Max, is that target for Buying ?
it's my short target zone on the daily TF based upon a correction of 1.347x to 1.396x so firstly my focus is on shorts trades from above 1.39 to the target zone.
if price reaches the target zone attention needs to be paid to see which scenario occurs:

1) the correction becomes a new trend by continuing and then the chances of taking out 1.347x low become high
2) correction completes and price continues the previous up move and takes out the 1.396x high

so in answer to your question it can be what you want it to be, personally I favour scenario 1 but even there you may get some lift before continuance as nothing goes in a straight line.
  • #887,742
  • Apr 3, 2014 8:27am Apr 3, 2014 8:27am
Quoting attila
{quote} U.S. data is pretty sad all across..
Ofc it is the usa data is a shamble of bad data since its consumer based ecnonomy hasn't recovered but that doesn't matter for today at least. it only matters in the macro view. right now for most retailers and HFT its about Friday nfp numbers that's all. if its anywhere near 200k then lets call it that old bush mission accomplished sign. So that the euro can correct it self a bit and give the fed the justification to lower QE 3. the rest of the data is euro/ usd bull aside from draghi talking.

PS: I just remember that real GDP growth for the Usa is more around the 2% rather than the 3.2% that was projected for Q1 so take any conclusion you want from that
Past glory means nothing on the battlefield
  • #887,743
  • Apr 3, 2014 8:27am Apr 3, 2014 8:27am
off this topic.i think we can shot UJ here. i hope...
A chart helps those who can read it.
  • #887,744
  • Apr 3, 2014 8:31am Apr 3, 2014 8:31am
Quoting kuroro001
This PA is not for people with heart disease
  • #887,745
  • Apr 3, 2014 8:34am Apr 3, 2014 8:34am
Quoting MaxDoom
my target zone gets ever closer {image}
agree with you max
  • #887,746
  • Apr 3, 2014 8:35am Apr 3, 2014 8:35am
upside was contained at the Daily R1 level downside initial support was D-S1 on the smaller TF and now D-S2 but that looks to be giving way
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-sbH1 2014 Apr 03 A.png Size: 16 KB
  • #887,747
  • Apr 3, 2014 8:36am Apr 3, 2014 8:36am
Quoting MaxDoom
upside was contained at the Daily R1 level downside initial support was D-S1 on the smaller TF and now D-S2 but that looks to be giving way {image}
I don't know abt your bubbles and target but it is not going to be easy to take downside levels. US data is not upto the markets and if NFP flops tomorrow euro regains 1.38
  • #887,748
  • Apr 3, 2014 8:37am Apr 3, 2014 8:37am
Then after going heavily short, tommorrow we see 3900
  • #887,749
  • Apr 3, 2014 8:42am Apr 3, 2014 8:42am
Super Dovish Mario today! What a change from last month. But it won't drop below 1.37 without a fight.
You reap what you sow.
  • #887,750
  • Apr 3, 2014 8:48am Apr 3, 2014 8:48am
I don't think Euro sold off because of Draghi dovishness I think it had to do more with his worrysome.
Admitted surprise from inflation readings.
Admitted background fears that this recovery is not going to happen after all. Pronlonged stagnations fear
Basicly was saying he is probably wrong about showing optimism about eurozone. And there is little he can do about it
  • #887,751
  • Apr 3, 2014 8:56am Apr 3, 2014 8:56am
price action is working fine.



http://charts.mql5.com/4/347/eurusd-...el-markets.png
don't predict direction, but dance with flow of water
  • #887,752
  • Apr 3, 2014 9:00am Apr 3, 2014 9:00am
Good day,

Long from a while back- but only for a scalp. Keeping current price close.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm30.png Size: 80 KB
  • #887,753
  • Apr 3, 2014 9:02am Apr 3, 2014 9:02am
Long here too, US data all bad. Clearly EUR isnt that bad off that will cause a break, however perhaps a larger range is more the picture still.
All posts are my personal opinion
  • #887,754
  • Apr 3, 2014 9:05am Apr 3, 2014 9:05am
Quoting ruffryders
not much more fire power left, it's over to NFP tmrw to decide direction. True - CHF stuck. EU above 3700-3740 remains bullish unless taken out. time will tell.
ECB meeting makes direction, NFP does not
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #887,755
  • Apr 3, 2014 9:08am Apr 3, 2014 9:08am
ECB summary- http://trendersgame.com/2014/04/03/draghi-talks-qe/
Twitter: @TrendersGame
  • #887,756
  • Apr 3, 2014 9:10am Apr 3, 2014 9:10am
I think its Bullshit .... Now Dragi will take eu high
Re-Incarnated
  • #887,757
  • Apr 3, 2014 9:10am Apr 3, 2014 9:10am
No point going long here, no buyers. You can only get a few pips on bounce, nothing more.

And today is ECB day, US news won't affect the market
COT: The precious data ignored
  • #887,758
  • Apr 3, 2014 9:12am Apr 3, 2014 9:12am
Quoting kuroro001
This PA is not for people with heart disease
this PA is good for people with swing disease
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #887,759
  • Apr 3, 2014 9:12am Apr 3, 2014 9:12am
Quoting gatorinla
{quote} i still have to wait.. this time if we break 3703 or less.. i will still wait.. i dont trade b/o in real time. bears never closed jan levels valid {image}
the target for 3620 is still strong.. had i played it the entry was 3810/3873. another was at 3834. i raised my min enty to try to get a larger trade. if we do break this bottom at 370x. 3620 is still a target. the thing is this is another b/o.. so the same 3834 is still valid... to target 34xx.. the high on yesterdays bounce was the lm just below 3834... after a b/o of the 370x low... we have a level at 3687 and a few others on this chart that may give 3834...this could be totally wrong.. but we have not moved in weeks... so after weeks this would make a LL... 3830/387x may be a LH
Attached Image
those who can, do. those who cant, talk about those who can
  • #887,760
  • Apr 3, 2014 9:15am Apr 3, 2014 9:15am
Quoting kuroro001
No point going long here, no buyers. You can only get a few pips on bounce, nothing more. And today is ECB day, US news won't affect the market
yes，no bullish today. but not tomorrow.i predicate usd bearish tomorrow. let's see.
A chart helps those who can read it.
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