Focus, Patience, Determination & Order in chaos
- #906,422
- Jun 24, 2014 7:54am Jun 24, 2014 7:54am
{quote} Here you gohttp://www.investopedia.com/universi...ts/charts5.asp
- #906,426
- Jun 24, 2014 8:07am Jun 24, 2014 8:07am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #906,429
- Jun 24, 2014 8:14am Jun 24, 2014 8:14am
- Joined Mar 2012 | Status: Trader | 10,087 Posts
{quote} what about 7021 now, can you make a scenario for it?
- #906,431
- Jun 24, 2014 8:16am Jun 24, 2014 8:16am
- | Commercial User | Joined Sep 2009 | 1,757 Posts
{quote} yes first down to 69855/69842 area than up to 7020/21
Make money by doing the opposite of Giveachance aka loser
- #906,432
- Jun 24, 2014 8:25am Jun 24, 2014 8:25am
- Joined Mar 2012 | Status: Trader | 10,087 Posts
{quote} Down to 1.6530/50
- #906,433
- Jun 24, 2014 8:29am Jun 24, 2014 8:29am
For those of who are bullish on this pair in the short term, here are a few things to watch out for. If we don't break the top of this trend line (in orange), its very possible that this might make a run to the bottom trend line as I have drawn in yellow. So make sure you are prepared for that if it does play out that way.
And would we break this top? In H4, it has enough velocity to break this top.. EUR just beat USD (sorry, can't share what I'm looking at, might later). What's possible is a slight break above the trend line and then a retrace back down to shoot up higher. A good long entry would be on this slight retrace back down IF it breaks the top line and doesn't immediately get rejected. That's when I will be looking to place my long entry.
Green pips this week
And would we break this top? In H4, it has enough velocity to break this top.. EUR just beat USD (sorry, can't share what I'm looking at, might later
). What's possible is a slight break above the trend line and then a retrace back down to shoot up higher. A good long entry would be on this slight retrace back down IF it breaks the top line and doesn't immediately get rejected. That's when I will be looking to place my long entry. Green pips this week
Focus, Patience, Determination & Order in chaos
- #906,434
- Jun 24, 2014 8:35am Jun 24, 2014 8:35am
- | Commercial User | Joined Sep 2009 | 1,757 Posts
{quote} 6998 --> 6984 --> 7020/21 or directmove from 6985 to 7020/21
Any long term view dude?
Make money by doing the opposite of Giveachance aka loser
- #906,436
- Jun 24, 2014 9:03am Jun 24, 2014 9:03am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
{quote} yes first down to 69855/69842 area than up to 7020/21
Look Sharp/Trade Tight
and added some more shorts 1.3609