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  • #903,841
  • Jun 10, 2014 6:09am Jun 10, 2014 6:09am
Technically this is still a bull, the previous swing low has not been breached and even then.....still a bull in my view....
prices can range for a while between 3676 and 3503 set by the doji bar, till they tap the uptrendline.....once there 1.40-1.44 is a possibility.....me think

done for the day..ta
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Wherever you go, there you are.
  • #903,842
  • Edited 6:22am Jun 10, 2014 6:12am | Edited 6:22am
Hello dear traders,


Last week a few hours after the ECB cut the rates and Draghi spoke we didn't saw a correction on EURUSD but instead we saw the Dollar being sold on a larger scale across the board ( he lost ground against CHF, GBP, JPY, EUR and precious metals ). The dollar index dropped a lot after a few hours so that made me add some more shorts which were closed today. I still have a short on EURUSD taken from a lower point and I'm targeting 1.34872 from where I will expect either to go lower or to bounce back to 1.3565ish area and wait for a more powerful move.


Regards,
VladG
  • #903,843
  • Jun 10, 2014 6:33am Jun 10, 2014 6:33am
Shorted yesterday from 1.3616 and closed at 1.3538. Cool 78 points.:nerd:
Right now, am outta positions cos I see a consolidation between the 1.3550 and 1.3530 zone.
At this point though, I can still see a short heading towards 1.3500 and 1.3480 when the zone is broken else, I will be preparing to go long.
Though there is no much chances of the short movement re-occurring today...lets still keep our fingers crossed.
Remember, trade what you see...not what you think.


Wish y'all a pipsy week!
  • #903,844
  • Jun 10, 2014 7:03am Jun 10, 2014 7:03am
Quoting gatorinla
closed some more.. 3637,, i look to reload depending on drop bottom. early atm and it may not come back... 3601 3589,,

Gator,

This is why I changed my bias on euraud.

60 pips drop from 1.4511.

I entered short around 1.4535/40 near daily pivot level.
Intraday only.
  • #903,845
  • Jun 10, 2014 7:05am Jun 10, 2014 7:05am
Quoting milam
Technically this is still a bull, the previous swing low has not been breached and even then.....still a bull in my view....
Bullish here as well.

EURUSD seem to have found it's low at 1.3537. Pressure in the last half hour is UP. Now enough retailers seem to have opened their shorts, so i'm bullish as those short trades will get stopped out we might see 1.3600 today.

Note that the retail crowd is currently net short which is a bullish Signal.
Forex is a losers game.
  • #903,846
  • Jun 10, 2014 7:11am Jun 10, 2014 7:11am
According to this counter trend adding picture with TP of longs for now ,... which is 61.8% of fib. retre.

Green pips guys

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Many green pips guys
  • #903,847
  • Jun 10, 2014 7:19am Jun 10, 2014 7:19am
Quoting navk
Gator, I might close euraud longs, I favor shorting them around 1.4550/60 Let us see. I dunno you follow pivot points but I follow. It is bearish and the close for today is below pivot. I expect the price to retrace close to pivot and then down. Today's pivot is 1.4557 There is AUD news at 21.30 EST, if AUD falls, I will change my bias for EURAUD long

I favored shorts and it worked !
Intraday only.
  • #903,848
  • Jun 10, 2014 8:23am Jun 10, 2014 8:23am
it pulled back nicely to test the D-S1 / H4-PP level which sits at the break from consolidation point
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  • #903,849
  • Jun 10, 2014 8:30am Jun 10, 2014 8:30am
[quote=pedro319;7522614]{quote} This is nice level for longs. We have candlestick pattern on 4 hours chart, bullish engulfing/ Rail track+ butterfly target stands at approx 1.3750, monthly pivot + overbought Daily. GL

Adding longs as 1.3500 low is the invalidation point for the candlestick patterns posted before.
This is the only type of trade where I add to a losing position, still above the weekly S1 and bearing in mind my trading plan.
Cheers.
We watch the charts from every angle so you don't have to!!
  • #903,850
  • Jun 10, 2014 8:36am Jun 10, 2014 8:36am
Quoting pedro319
AUDUSD Despite last week's upward price action I still think this is a sell. At the moment price is touching 61.8 Ret hourly chart after Daily 78.6 Ret. If we get daily pin bar that will give us extra confidence in taking the trade. I am only sending the scouts now (small positions) and then later will commit a few more. Will start taking the losses as soon as price takes out the .786 daily, because by then I know I need to wait for another setup.
Price as taken out the .786 Daily ret so closed two positions in red, I am leaving one open and will close it if price closes above Weekly R1.
Obviously didn't add anymore cause we didn't get the pinbar, still price action looks suspicious, my bias is still the downside.
We watch the charts from every angle so you don't have to!!
  • #903,851
  • Jun 10, 2014 8:52am Jun 10, 2014 8:52am
Quoting maximmm
I will share a few signals with an indicator I've recently discovered that I have thoroughly backtested and that has always predicted top/bottom (not always both) in different pairs with 100% certainty. Right now, there is a strong signal in euraud - it's indicating bottom in 30/60 minute charts as well as 4 hour charts.
100% certainty ? And bottom in euraud ? We dropped another 100 pips

When you fix it, let me know...
Make money by doing the opposite of Giveachance aka loser
  • #903,852
  • Jun 10, 2014 9:01am Jun 10, 2014 9:01am
so it's a downward movemment all the way no need to check.
  • #903,853
  • Jun 10, 2014 9:03am Jun 10, 2014 9:03am
Let it rise above 3600 I will buy to target 1.40+
It challenged last Thursday low so if it cannot make another low before 3600 I will follow 1.33 scenario.
You cannot learn better without losing
  • #903,854
  • Jun 10, 2014 9:07am Jun 10, 2014 9:07am
Quoting DNTme
{quote} its all about charts {image} {image}
agreed...if the chart works out
  • #903,855
  • Jun 10, 2014 9:10am Jun 10, 2014 9:10am
[quote=milam;7524890]
Quoting gatorinla
closed some more.. 3637,, i look to reload depending on drop. early atm and it may not come back... 3601 3589,,[/quote price want to talk to the 20ema me think
this thing ran over any small retrace on the way down, i dont think it cares about anyone's small tf ma. its possible the Fed will be singing soprano next week
those who can, do. those who cant, talk about those who can
  • #903,856
  • Jun 10, 2014 9:13am Jun 10, 2014 9:13am
All the markets are indicating EU going lower. SP500 had an inverted hammer yesterday and is going lower today, oil started retracement, and they will push EUR down. I don't really understand those claiming EUR long with 1.40 targets. Give me a break. Finally Draghi put it all the way down.
  • #903,857
  • Jun 10, 2014 9:14am Jun 10, 2014 9:14am
Quoting milam
Technically this is still a bull, the previous swing low has not been breached and even then.....still a bull in my view.... prices can range for a while between 3676 and 3503 set by the doji bar, till they tap the uptrendline.....once there 1.40-1.44 is a possibility.....me think done for the day..ta {image}
go back to 2008 and use the same critera
those who can, do. those who cant, talk about those who can
  • #903,858
  • Jun 10, 2014 9:14am Jun 10, 2014 9:14am
Quoting nunxt
FormationSeeker open Beta is now up and running! Everybody is welcome to try the harmonic pattern recognition scanner for free @ https://formationseeker.com/ {image} {image}
That is very cool. Nicely done!
Ghost Rider - WWTBMD?
  • #903,859
  • Jun 10, 2014 9:18am Jun 10, 2014 9:18am
[quote=gatorinla;7525685]
Quoting milam
{quote} this thing ran over any small retrace on the way down, i dont think it cares about anyone's small tf ma. its possible the Fed will be singing soprano next week
got a feeling they will be singing castrato instead
  • #903,860
  • Jun 10, 2014 9:21am Jun 10, 2014 9:21am
Quoting navk
{quote} Gator, This is why I changed my bias on euraud. 60 pips drop from 1.4511. I entered short around 1.4535/40 near daily pivot level.
i have that lower target mentioned still.. i had a pending long at 13 and was stopped out at 07.. no big deal. -6 pips.. did you get the short?
those who can, do. those who cant, talk about those who can
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