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  • #912,921
  • Jul 29, 2014 6:56am Jul 29, 2014 6:56am
It looks like the European political and corporate leaders have finally decided to shoot their economy in the foot by joining the real sanctions against Russia.

Hence, this is the perfect timing to enter long-term shorts in EUR/USD.

Short term speculative move: towards 1.3150-1.3200.
Multi-month macroeconomic trend: towards 1.2500 area
"Luxury is one of the basic needs", (c), Don Corleone
  • #912,922
  • Jul 29, 2014 6:59am Jul 29, 2014 6:59am
Quoting KiwiTrada
{quote} Im assuming not from previous 4hr low levels she just tapped earlier, I am bear her too but definitely not from this support, last time it was here she went vertical 200 pips in 5 days,, she was and still is in a massive daily rising channel with these levels lining up with (almost ) the ltl of the channel, so shorting around here is high risk, personally best shorts have been missed, next opportunity would be after the 4hr previous low gets taken out, then the ltl of the rising channel daiily gets taken out, presently 12hr dailly and weekly...
There is still room in this one on the downside, but agree on that any short should be with causion. A break in the 1,6900 area would put me in long time shorting mode, until then just play the waves as this is actually moving today. Right now i actually looking to long this for a scalp
I don't even have a cool signature
  • #912,923
  • Jul 29, 2014 7:00am Jul 29, 2014 7:00am
2nd time bounce off 3430. NYC looks set to test 44 and 50s
A pip is only worth it if you know how much you risked to earn it
  • #912,924
  • Jul 29, 2014 7:03am Jul 29, 2014 7:03am
Quoting NoCoolNick
Yet another day when GBP and Gold fills the account and EURUSD just... is... Missed the EURJPY, might be a short comming EDIT: Took a short on EURJPY at 136,97 and removed my TP on EURUSD
Dropping EURJPY and giving away 6 pips, just dont like it anymore.
I don't even have a cool signature
  • #912,925
  • Jul 29, 2014 7:06am Jul 29, 2014 7:06am
Quoting PayTheLimit
{quote} I think 137.18 will be better, I sell' em there if ya want them, risk 137.28....

still...and 102.07/14 in dolla/yenski...
Look Sharp/Trade Tight
  • #912,926
  • Jul 29, 2014 7:07am Jul 29, 2014 7:07am
UJ just pipped 102. I wonder if this will drag EU down before tomorrow.... hmm
A pip is only worth it if you know how much you risked to earn it
  • #912,927
  • Jul 29, 2014 7:10am Jul 29, 2014 7:10am
Quoting janpec1000
{quote} Agree, i was eyeing GA and GCAD short entries on top of ranging channel yesterday , was very confident in drop and yet havent entered any short. Now i have been entering pullbacks lower, which as you said are high risk becouse its impossible to use tight SL, but anyways all played out so far, GA, GN, GU, GCAD shorts all tped, all scalps however. Becouse i am in full single currency mode i am giving fullest attention to GBPCHF as GBP guide and at moment i dont like it too much for down side anymore: Strong bull defense on up side http://prntscr.com/47gjcr...
yes always keep an eye on weekly, gu is above previous highs which puts her in a major battle zone, for now focusing on daily and that channel, because there is massive fresh ai below it, but the weekly prvious highs could build as new support, mainly why mentioned to be cautious either way, nfp week, generally destroys e & u pa so been riding kiwi aussie shorts and uc longs, they have stalled at resistance and uj also stalled at resistance,

I would imagine eu traders been going crazy,2 weeks ago she ranged east all week, , most of last week ranged east, so fa this week ranging east, basically east plop east plop east plop, but plops my guess been hard to catch, threads been quietess I seen it for years
If you are new to Forex? Say Goodbye to your account!!
  • #912,928
  • Edited 7:28am Jul 29, 2014 7:12am | Edited 7:28am
Quoting vlady1974
2nd time bounce off 3430. NYC looks set to test 44 and 50s
it's really difficult to say what it will do, feeling says more shots at 44 AND 26, hourly do not look strong or as strong as a 20pip range can produce, 4h candle can end anywhere.. what keeps me from saying long is still that we are just 10-15 pips from friday low.. not bull and not a sign of correction. News is up so i will actually wait for that to hit

Think i will place some buy limits at 3380 just in case it want to break lower today, should be pretty safe on the downside with som 20-30 pips to collect.

EDIT: Outside bar made on 4 H, if it ends red, we are going down...

EDIT: 1,3420 is the one to break now, will try to get in with another short if possible a bit higher.
I don't even have a cool signature
  • #912,929
  • Jul 29, 2014 7:30am Jul 29, 2014 7:30am
The trend is your friend. Nice day today. 4 scalps on the GU and 2 on EU.
  • #912,930
  • Jul 29, 2014 7:32am Jul 29, 2014 7:32am
The EURUSD is trading in a small range, remember, we have calm before the storm. Traders who can’t wait for the market to make a clear shot, would be forced to entry to a bad timing, we must have patience. Traders are waiting for EU CPI on thursday and the big data of NFP on friday. Watch the full article here http://eurusdtrades.wordpress.com/20...g-setup-ideas/
For scalpers a strategy is to go short @ 1.3440 which is a resistance, for looking 3 to 5 pips.
As I said, the levels I’m looking to accumulate shorts are 1.3486 (most important) and less important 1.3469 and 1.3458.

Attached Image (click to enlarge)
Click to Enlarge Name: 29 j EU SCALPING.PNG Size: 21 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 29 j EU SHORT ZONES.PNG Size: 14 KB

US Data surpirses is going higher… we have momentum fundamentals for a bullish USD and a bearish EUR… that’s a key driver to the short EURUSD.
Attached Image
Bavarian Trading FX
  • #912,931
  • Jul 29, 2014 7:48am Jul 29, 2014 7:48am
Quoting pedro319
GBPUSD Very good level for longs .447 Ret Daily + Monthly pivot, awaiting reversal candle or candlestick pattern to get in. It could touch the 50% still.
GBPUSD
Buying here, no need for large stops.
We watch the charts from every angle so you don't have to!!
  • #912,932
  • Jul 29, 2014 7:55am Jul 29, 2014 7:55am
Quoting FXMastermind
{quote} one more. L .3455.
got screwed on these two, -6 and -21. Not happy.

However, I still fancy one last contrarian attempt, L 3414, S 3394.

Gotta run, all the best, FXM
Quant Hedge Fund CEO
  • #912,933
  • Jul 29, 2014 8:06am Jul 29, 2014 8:06am
http://www.bloomberg.com/markets/rat...bonds/germany/
those who can, do. those who cant, talk about those who can
  • #912,934
  • Jul 29, 2014 8:11am Jul 29, 2014 8:11am
I wonder how many bears would be trapped at this low if/when this starts to climb.. Just a warning for anyone considering going short at this lower low
Focus, Patience, Determination & Order in chaos
  • #912,935
  • Jul 29, 2014 8:15am Jul 29, 2014 8:15am
Quoting saver0
I wonder how many bears would be trapped at this low if/when this starts to climb.. Just a warning for anyone considering going short at this lower low

It might be but it is the bulls that are trapped not the bears
  • #912,936
  • Jul 29, 2014 8:15am Jul 29, 2014 8:15am
Quoting saver0
I wonder how many bears would be trapped at this low if/when this starts to climb.. Just a warning for anyone considering going short at this lower low
All depends where you aim from M1 backed by M5 could still be worth for target 50 more pips on downside, but obviously its very risky unles you can find good tight SL protection here.
  • #912,937
  • Jul 29, 2014 8:16am Jul 29, 2014 8:16am
HI Maxdoom,

What your view of EUR/USD market???? I have not seen your uptodate post???
  • #912,938
  • Jul 29, 2014 8:16am Jul 29, 2014 8:16am
Quoting saver0
I wonder how many bears would be trapped at this low if/when this starts to climb.. Just a warning for anyone considering going short at this lower low

So you think it's impossible to go even lower if the US economic data is good and the EU is bad?
Why sell the bottoms when you can buy the tops...
  • #912,939
  • Jul 29, 2014 8:16am Jul 29, 2014 8:16am
Quoting FXMastermind
{quote} got screwed on these two, -6 and -21. Not happy. However, I still fancy one last contrarian attempt, L 3414, S 3394. Gotta run, all the best, FXM
Left money on the table on my long scalp when I missed the 3442, exited +5.
Stupidly got -5 when I thought 3420 would hold. Looks like EJ was the leader today that dragged EU down.
A pip is only worth it if you know how much you risked to earn it
  • #912,940
  • Jul 29, 2014 8:19am Jul 29, 2014 8:19am
Quoting saver0
I wonder how many bears would be trapped at this low if/when this starts to climb.. Just a warning for anyone considering going short at this lower low


You have been BULL sin 1,36 + at at this moment you are wrong at the market. These late days many wrong things abouth the marhet direction has been written.

It is bearish
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