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  • #19,241
  • May 8, 2014 8:26am May 8, 2014 8:26am
Quoting T@rantula
3925 to 3985 - 70 pips potential on the pennant breakout. Paying attention to 3880 per chart analysis.
3880 resisting but FED Chair Yellen conference starts in 5 mins. Be cautious.
  • #19,242
  • May 8, 2014 8:27am May 8, 2014 8:27am
Quoting egkid
{quote} open 30 min chart check last few candle tell me average price open and close @??
3944 > 3908 ( open,close)
  • #19,243
  • May 8, 2014 8:28am May 8, 2014 8:28am
US INDEX Bullish total pattern on Daily = strong to up
tomorrow will b cool
  • #19,244
  • May 8, 2014 8:28am May 8, 2014 8:28am
Quoting egkid
{quote} 3907 the low it touched then go up Later 3944 see my 30 min chart and candles open and close? It go as it suppose to go down from this point that my egkid math calculation {image}
Quoting T@rantula
{quote} 3944 > 3908 ( open,close)
Interesting math bro, i must admit.
  • #19,245
  • May 8, 2014 8:29am May 8, 2014 8:29am
Quoting T@rantula
{quote} 3944 > 3908 ( open,close)
check my previous post
but for sure the moving up made me nerves
  • #19,246
  • May 8, 2014 9:08am May 8, 2014 9:08am
Quoting egkid
{quote} check my previous post but for sure the moving up made me nerves
Yes it was a pennant breakout to 1st target and then Draghi weighted the price down. Yesterday on webinar I said that if the rate would be cut it might bring the price even to 3780. Rate cut is probable in June.

Fed Chair Yellen is speaking at her testimony. Cable looks strong in contrary to EURUSD.
  • #19,247
  • May 8, 2014 10:03am May 8, 2014 10:03am
Quoting Iron Pawn
As for Eur/Usd, just an opinion, 1.39 area will be a challenge but to play it safe I chose these levels... {image} {image}
Nice little move from the level on Eur/Usd level (quoted post)... also on Eur Nzd... some decent moves if you are ready for them.
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"A handful of patience is worth more than a bushel of brains"
  • #19,248
  • May 9, 2014 12:18am May 9, 2014 12:18am
Morning all
cafe time
Anyone made a plan for today ?
  • #19,249
  • May 9, 2014 12:50am May 9, 2014 12:50am
Quoting egkid
Morning all cafe time Anyone made a plan for today ?
I see many checking the thread but no one of them post or share his plan, WHY!!
  • #19,250
  • May 9, 2014 2:50am May 9, 2014 2:50am
Quoting egkid
{quote} I see many checking the thread but no one of them post or share his plan, WHY!!
i see good set up
R:R 1:6:money_mouth_face:
  • #19,251
  • May 9, 2014 3:02am May 9, 2014 3:02am
Quoting egkid
{quote} I see many checking the thread but no one of them post or share his plan, WHY!!
Yes GBPUSD was good to buy around 6915 region. Im sure you bought it . Lets see what will news give us.
  • #19,252
  • May 9, 2014 3:32am May 9, 2014 3:32am
EURUSD shows signs of weakness after a great drop from yesterday, and for next sell we need to find good spots. POC1 and POC2 show possible retracement levels as we can see double fib and inner trendline break which was not retested yet. POC2 also shows good confluence between FIBS, CAM level and previous inverted head and shoulders and double top. Targets are 1.3795 and 1.3760.

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  • #19,253
  • May 9, 2014 8:26am May 9, 2014 8:26am
Quoting T@rantula
{quote} Yes GBPUSD was good to buy around 6915 region. Im sure you bought it . Lets see what will news give us.
out with -18
but good news i covered the loss from e/u last couple of H
  • #19,254
  • May 9, 2014 8:32am May 9, 2014 8:32am
EURJPY is just testing the trendline of bullish wedge. On breakout of bullish wedge EURJPY could aim for 140.85-141.00 for another chance to short it. So there are 2 chance way trade. Watch out for bullish wedge break and potential H1 Breakout-Retest ( as h1 breakout had already happended) around POC for another short trade.

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  • #19,255
  • May 9, 2014 8:48am May 9, 2014 8:48am
Quoting T@rantula
EURJPY is just testing the trendline of bullish wedge. On breakout of bullish wedge EURJPY could aim for 140.85-141.00 for another chance to short it. So there are 2 chance way trade. Watch out for bullish wedge break and potential H1 Breakout-Retest ( as h1 breakout had already happended) around POC for another short trade. {image}
Spot on , I like this set up
But for me Will delay it because news and weekend
  • #19,256
  • May 9, 2014 10:00am May 9, 2014 10:00am
Quoting egkid
{quote} Spot on , I like this set up But for me Will delay it because news and weekend
Yes it may be activated after the weekend. Now we are seeing a profit taking
  • #19,257
  • May 11, 2014 4:37am May 11, 2014 4:37am
Quoting T@rantula
{quote} Yes it may be activated after the weekend. Now we are seeing a profit taking
Q:Why no one talks about divergence while it's important tool?
  • #19,258
  • May 11, 2014 1:07pm May 11, 2014 1:07pm
e/u every where i check i found 3791 as turning point
OKAY i will b watch PA there enough
  • #19,259
  • May 12, 2014 3:11am May 12, 2014 3:11am
GBPUSD could be bought on pullbacks toward 6840-20 region. We could have a possible head and shoulders forming but for right shoulder 6900 should be touched. Trendline at spinning top candle and L3 level give us a sign for buying on pullbacks. Profit taking on Friday tanked the pair down so i expect some buying towards 6840-6820 zone.

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  • #19,260
  • May 12, 2014 3:33am May 12, 2014 3:33am
Quoting egkid
e/u every where i check i found 3791 as turning point OKAY i will b watch PA there enough
Quoting egkid
{quote} Q:Why no one talks about divergence while it's important tool?
Here, bro.

EURUSD looks interesting. We have a bullish divergence and double bottom ( 3745 ) and price suggest a PB towards POC1 ( 3802-3810 ) and POC 2 ( 3840-45). I would personally like to see POC2 pullback as that is a bigger and more valid retracement- technically speaking. However POC1 could also give some scalps at least. H5 is rarely broken in pullbacks ( after substantial movement on intraday charts ) and 38.2 is making a confluence also. Regular bullish divergence is currently in play.

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