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  • #903,021
  • Jun 6, 2014 2:22am Jun 6, 2014 2:22am
Hello Traders, After yesterday's ineffective efforts of ECB to weaken the EURO, market is likely to reward the greenback today. The following are the technical levels in my opinion.

Having breached descending trend line resistance near 1.3650, the EURUSD ranged high towards 1.3670; however, failure to surpass the level once again leading it towards 1.3630 level. Should it reverse the from the current level 1.3670 and 1.3690 becomes important resistance before it tests 1.3730 and 1.3750 levels. On the downside, sustained trading below 1.3630 is immediately followed by 1.3620 and 1.3585 support levels.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 34 KB
  • #903,022
  • Jun 6, 2014 2:31am Jun 6, 2014 2:31am
Quoting ikdenk
{quote} Can you post your euraud mofus, please? A chart would be perfect.
Sure, here you are. Please keep in mind that I still consider myself an apprentice here, might be completely wrong.

Attached Image
Fail better.
  • #903,023
  • Jun 6, 2014 2:37am Jun 6, 2014 2:37am
Do you know, in the history of all rate cuts by the ECB - the daily candle on that day, never finished in the Green ... interesting ha, no worries - keep shorting
"It's the Margin, Stupid."
  • #903,024
  • Jun 6, 2014 2:38am Jun 6, 2014 2:38am
Is our friend Vachus laughing? I am sure he is.
Wherever you go, there you are.
  • #903,025
  • Jun 6, 2014 2:39am Jun 6, 2014 2:39am
Quoting LarryDarrell
{quote} Sure, here you are. Please keep in mind that I still consider myself an apprentice here, might be completely wrong. {image}
Thanks, appreciated.

I think besides Gator and maybe Chicky we are all apprenctices in the mofu art!
  • #903,026
  • Jun 6, 2014 2:46am Jun 6, 2014 2:46am
Quoting Vachus
Do you know, in the history of all rate cuts by the ECB - the daily candle on that day, never finished in the Green ... interesting ha, no worries - keep shorting
lol indeed, people are forgetting what happened yesterday. This was sell the rumor buy news event whereas in my humple opinion there is much more room left to squeeze out shorters.
  • #903,027
  • Jun 6, 2014 2:47am Jun 6, 2014 2:47am
Quoting Vachus
Do you know, in the history of all rate cuts by the ECB - the daily candle on that day, never finished in the Green ... interesting ha, no worries - keep shorting
hi vachus, any target suggestion for shorting ?
  • #903,028
  • Jun 6, 2014 2:50am Jun 6, 2014 2:50am
Quoting ikdenk
{quote} Thanks, appreciated. I think besides Gator and maybe Chicky we are all apprenctices in the mofu art!

There is no mofu... It is a vicious lie, invented by some untalented,crappy trader...
Methodology is too simple that can not explain the dynamics of this market, don't be fooled...
  • #903,029
  • Jun 6, 2014 2:54am Jun 6, 2014 2:54am
this chart is a great example of how the price tests certain levels and moves freely between them. In this case I am using customised H4 pivot levels
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-sbH4 2014 Jun 06 B.png Size: 15 KB
  • #903,030
  • Jun 6, 2014 2:55am Jun 6, 2014 2:55am
Quoting MaxDoom
this chart is a great example of how the price tests certain levels and moves freely between them. In this case I am using H4 pivot levels {image}

Nice... I tought you already started celebrating mate, 1.3653 is gone, your shorts may reward you once again.
  • #903,031
  • Jun 6, 2014 3:06am Jun 6, 2014 3:06am
Quoting TudorJonesJR
{quote} lol indeed, people are forgetting what happened yesterday. This was sell the rumor buy news event whereas in my humple opinion there is much more room left to squeeze out shorters.
There was a lot than meets the eye yesterday. (I'm not easily impressed) Many things were said between the lines and explicitly .. but when someone or something is biased, his head is full of all these fund managers talking themselves out of underwater Dollar positions since 2013, don't expect them to listen!
"It's the Margin, Stupid."
  • #903,032
  • Jun 6, 2014 3:06am Jun 6, 2014 3:06am
Quoting math_GB
{quote} Nice... I tought you already started celebrating mate, 1.3653 is gone, your shorts may reward you once again.
It would be nice, in fact it would be very nice if it stayed below 372x otherwise I will kill all my shorts from above as well most likely
  • #903,033
  • Jun 6, 2014 3:08am Jun 6, 2014 3:08am
Good Morning All. My pending orders

 

  1. Short from 3684
  2. Short from 3737

Quick summary based on last hour

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 148 KB
  • #903,034
  • Jun 6, 2014 3:11am Jun 6, 2014 3:11am
Quoting Magicmen
Good Morning All. My pending orders Short from 3684 Short from 3737 Quick summary based on last hour {image}
Only pending orders?
PROredart is not PRO trader
  • #903,035
  • Jun 6, 2014 3:11am Jun 6, 2014 3:11am
Quoting MaxDoom
{quote} It would be nice, in fact it would be very nice if it stayed below 372x otherwise I will kill all my shorts from above as well most likely

I expect 1.3620 - 1.3610 to hold for a further move up mate... That is my game plan for the day. In case we don't drop that far, then enter above 1.3675 for a test of 1.3720... We shall see, volatiliy is back - that is the main thing, short term bull bear both can make money.
  • #903,036
  • Jun 6, 2014 3:14am Jun 6, 2014 3:14am
Quoting math_GB
{quote} I expect 1.3620 - 1.3610 to hold for a further move up mate... That is my game plan for the day. In case we don't drop that far, then enter above 1.3675 for a test of 1.3720... We shall see, volatiliy is back - that is the main thing, short term bull bear both can make money.
always
  • #903,037
  • Jun 6, 2014 3:16am Jun 6, 2014 3:16am
Quoting MaxDoom
this chart is a great example of how the price tests certain levels and moves freely between them. In this case I am using customised H4 pivot levels {image}
as a follow up chart....

my H4 pivots just moved over 15min ago at the hour and look where the price stalled next.....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-sbH4 2014 Jun 06 C.png Size: 11 KB
  • #903,038
  • Jun 6, 2014 3:17am Jun 6, 2014 3:17am
Short EU on 8 positions TP 3510
Short GU 6 positions TP not decided yet

Even marginally decent NFP will send this flying south.
In trading, you have to be defensive and aggressive at the same time
  • #903,039
  • Jun 6, 2014 3:22am Jun 6, 2014 3:22am
Quoting PROredart
{quote} Only pending orders?
Thats right. No open positions yet. Yesterday hit SL. I always take a break after failed attempts
  • #903,040
  • Jun 6, 2014 3:22am Jun 6, 2014 3:22am
EURAUD H4

Trying an EA long here
Attached Image (click to enlarge)
Click to Enlarge Name: eah4.PNG Size: 69 KB
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