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EURUSD

  • #906,881
  • Jun 25, 2014 10:30pm Jun 25, 2014 10:30pm
As the pair countered the descending trend line resistance, 40-EMA on Daily chart can become strong resistance near 1.3650, breaking which horizontal line supports levels of 1.3675 and 1.3730 can't be denied. On the downside, Resistance turned support near 1.3630 is closely followed by 1.3610-08 support levels.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 33 KB
  • #906,882
  • Jun 25, 2014 11:06pm Jun 25, 2014 11:06pm
Good Morning !

Today's S/R Levels on MT4 Templates & Morning Call

EURO
Squawk Recording (MP3 - 2.8 MB)

http://www.forexfactory.com/showthre...55#post7562455

EURO PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #906,883
  • Jun 25, 2014 11:15pm Jun 25, 2014 11:15pm
Good day.....

I have res around 3644 and supp around 3618....
Wherever you go, there you are.
  • #906,884
  • Jun 25, 2014 11:36pm Jun 25, 2014 11:36pm
1.3650/60 is key, break above and stay above i can see us approaching and reaching 1.3780

These are the levels i have


Happy Trading
Cheers!!
  • #906,885
  • Jun 25, 2014 11:40pm Jun 25, 2014 11:40pm
Good morning everyone. Most people are stating that 1.3650 is the key. I would then call 1.3638 the lock. Please have a look at EUR/USD on the m15. If the bid of EU doesn't close across 1.36388 at the end of 15m I would consider shorting EUR/USD for a new swing low. Should 1.36388 have a close across then we are due for a atleast 1 pivot move up (which happens to be 1.3652)
Banks scalp, why don't you?
  • #906,886
  • Jun 25, 2014 11:54pm Jun 25, 2014 11:54pm
In case someone wondering why price is halting here and grasping for direction ... $1.36350 is the monthly open, price could do alot of spectacular things around this number! ( Three days left to close the monthly candle)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Monthly.PNG Size: 20 KB
"It's the Margin, Stupid."
  • #906,887
  • Jun 25, 2014 11:56pm Jun 25, 2014 11:56pm
Quoting CholiPop
Good morning everyone. Most people are stating that 1.3650 is the key. I would then call 1.3638 the lock. Please have a look at EUR/USD on the m15. If the bid of EU doesn't close across 1.36388 at the end of 15m I would consider shorting EUR/USD for a new swing low. Should 1.36388 have a close across then we are due for a atleast 1 pivot move up (which happens to be 1.3652)
1.3650 is key for a number of reasons, 1) it is the 161.8% fib level on 4hr chart (April low to May high) im not one to bicker about 10-15 pips on or off a level so all is good, 2) it is a psychological level and 3) its held well and S&R in the past so cannot be ignored.

But if that level is broken then it opens doors to fresh highs, failure to do so as you stated yes we could be heading all the way back and most like to fresh lows at 1.3450

I think its just my trading i approach seems to be quite different to most, im not a scalper, but more of a position builder, so clean charts for me and sit back wait for certain levels to be broken and then i use an IF REACH trading style to ENTER.

Do what works for you, of course and that goes for any trader!
Cheers!!
  • #906,888
  • Jun 26, 2014 12:06am Jun 26, 2014 12:06am
Quoting CholiPop
Good morning everyone. Most people are stating that 1.3650 is the key. I would then call 1.3638 the lock. Please have a look at EUR/USD on the m15. If the bid of EU doesn't close across 1.36388 at the end of 15m I would consider shorting EUR/USD for a new swing low. Should 1.36388 have a close across then we are due for a atleast 1 pivot move up (which happens to be 1.3652)

Since then I have played the reject of the aforementioned price, and was able to scalp. Here is the actual trade below.
Attached Image (click to enlarge)
Click to Enlarge Name: ff.PNG Size: 272 KB
Banks scalp, why don't you?
  • #906,889
  • Jun 26, 2014 12:09am Jun 26, 2014 12:09am
Quoting DNTme
added 3630 long euro for 3660-3680 {image}
Flat. waiting to long around 355x ..i might try even 3600 a small one
fokyou forexfactory
  • #906,890
  • Jun 26, 2014 12:10am Jun 26, 2014 12:10am
Quoting PipsMaster23
{quote} 1.3650 is key for a number of reasons, 1) it is the 161.8% fib level on 4hr chart (April low to May high) im not one to bicker about 10-15 pips on or off a level so all is good, 2) it is a psychological level and 3) its held well and S&R in the past so cannot be ignored. But if that level is broken then it opens doors to fresh highs, failure to do so as you stated yes we could be heading all the way back and most like to fresh lows at 1.3450 I think its just my trading i approach seems to be quite different to most, im not a scalper, but...
Good morning,
I am on the other hand a scalper, so my P.O.V. is much different as my risk are a bit larger based on what I perceive the market to be. I just find it rather cool that the 1.3650 is actually a daily pivot after the price action we saw yesterday. I am currently learning to be a "position builder" as you are. Hopefully I will be able to master it as many of you have here in this forum. Keep up the good work.
Banks scalp, why don't you?
  • #906,891
  • Jun 26, 2014 12:10am Jun 26, 2014 12:10am
Respecting the long term triangular channel line as resistance,
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdweekly.png 09.png Size: 45 KB

the present correction could be shallow with resistance around 1.3690. Not much difference to those resistance already mentioned.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png 10.png Size: 46 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #906,892
  • Edited 12:30am Jun 26, 2014 12:16am | Edited 12:30am
Although dailies are still up I try a small s here to let the time go by

Out with 10 pips, donīt have time to babysit this for the rest of the day.
1% is enough
  • #906,893
  • Jun 26, 2014 12:23am Jun 26, 2014 12:23am
yesterday early London session was extremely slow.....this started even slower.......yes ......I am old...but........
Wherever you go, there you are.
  • #906,894
  • Jun 26, 2014 12:28am Jun 26, 2014 12:28am
Quoting Chicky
{quote} Lesson #1. How do you know he is not already a millionaire? http://www.anyclip.com/movies/scarfa...ners/#!quotes/
Quoting intrepid1
{quote} according to your lot size you need 720 pips to become a millionaire.
exactly
fokyou forexfactory
  • #906,895
  • Jun 26, 2014 12:31am Jun 26, 2014 12:31am
Inserted Video
fokyou forexfactory
  • #906,896
  • Jun 26, 2014 12:33am Jun 26, 2014 12:33am
Quoting Chicky
{quote} Lesson #1. How do you know he is not already a millionaire? http://www.anyclip.com/movies/scarfa...ners/#!quotes/
That is a good clip...
Wherever you go, there you are.
  • #906,897
  • Jun 26, 2014 12:53am Jun 26, 2014 12:53am
Quoting CholiPop
{quote} Since then I have played the reject of the aforementioned price, and was able to scalp. Here is the actual trade below. {image}
A nice 15 pip rejection from the price given before.
Banks scalp, why don't you?
  • #906,898
  • Jun 26, 2014 12:53am Jun 26, 2014 12:53am
So quiet here.

You guys are not long, no?
  • #906,899
  • Jun 26, 2014 12:59am Jun 26, 2014 12:59am
Quoting CandleStar
So quiet here. You guys are not long, no?
yes....tell us about your trading.....I am on the side.
Wherever you go, there you are.
  • #906,900
  • Jun 26, 2014 1:02am Jun 26, 2014 1:02am
Quoting milam
{quote} yes....tell us about your trading.....I am on the side.
I already had my 10 pips, I called it earlier.

PA might go deeper, but I prefer to wait for signals to go long.

Might be later or even tomorrow.
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