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EURUSD

  • #920,081
  • Aug 28, 2014 1:10am Aug 28, 2014 1:10am
Quoting NoCoolNick
{quote} Short on the break of my wedge!
It's really testing my patience, got a confirmed break and now, the usual stuff of trying to make me get cold feet. This pair is not easy at the moment, anyway sl 3222 and tp 3163, will leave it for now a look for other prospects..
I don't even have a cool signature
  • #920,082
  • Aug 28, 2014 1:10am Aug 28, 2014 1:10am
Quoting MrNow
{quote} you mean the inverse H&S? If that is case where do we draw the neck line?
the lower line of the gap! (what a coincidence) -> if h&s holds, than gap filling is coming (at least?)
f(z)=z2+c
  • #920,083
  • Aug 28, 2014 1:13am Aug 28, 2014 1:13am
Quoting hathor
{quote} the lower line of the gap! (what a coincidence)
Can you show a chart?
  • #920,084
  • Aug 28, 2014 1:17am Aug 28, 2014 1:17am
Quoting MaxDoom
Watch the loans number today if it is still getting smaller it indicates that draghi cheap money via interest rates and ltro still not working as expected
So it's not working as expected.
  • #920,085
  • Aug 28, 2014 1:25am Aug 28, 2014 1:25am
Quoting AsadKiani
{quote} So it's not working as expected.
not so far. Lending has had 3 months to start increasing since 8 may
  • #920,086
  • Aug 28, 2014 1:26am Aug 28, 2014 1:26am
Quoting MrNow
{quote} Can you show a chart?
what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.08.28. EurUsd H1.png Size: 24 KB
f(z)=z2+c
  • #920,087
  • Edited 2:01am Aug 28, 2014 1:27am | Edited 2:01am
Short 3215, last one for now.

EDIT: SL set above today's high, so 7 pips, just so I can get at least 2 hours of sleep.
Everyone can see the chart, but only a few can actually read it.
  • #920,088
  • Aug 28, 2014 1:30am Aug 28, 2014 1:30am
cable just broke its daily resistance
  • #920,089
  • Aug 28, 2014 1:43am Aug 28, 2014 1:43am
Quoting hathor
{quote} what do you think? {image}
Thank you.

Yes....I bit irregular...but still very valid in my view......what is important is not the form but the dynamic of the participants: a low, a lower low and a higher low....in the 4h may a bit more clearer... in that case..price already broke....if it works out 3267 is the Target....but has you mentioned before, there is the gap...we see..
Attached Image
  • #920,090
  • Aug 28, 2014 1:45am Aug 28, 2014 1:45am
Quoting NoCoolNick
{quote} It's really testing my patience, got a confirmed break and now, the usual stuff of trying to make me get cold feet. This pair is not easy at the moment, anyway sl 3222 and tp 3163, will leave it for now a look for other prospects..
Moving stop to 3218. Lets see if cable fails, then it might drag eu with it. USDCHF seems to be failing also, still early waters on that..
I don't even have a cool signature
  • #920,091
  • Aug 28, 2014 1:51am Aug 28, 2014 1:51am
Quoting MrNow
{quote} Thank you. Yes....I bit irregular...but still very valid in my view......what is important is not the form but the dynamic of the participants: a low, a lower low and a higher low....in the 4h may a bit more clear... in that case..price already broke....if it works out 3267 is the Target....but has you mentioned before, there is the gap...we see.. {image}
if h&s holds:
it's harder and harder to reach new highs, this is why I think the upper line of the gap will be a tough resistance and will bring a lot of bear...the short position's stop losses will be set over ~1.32610 and 1.33000....so I wouldn't be surprised if the pair would erase them.

IMO
f(z)=z2+c
  • #920,092
  • Aug 28, 2014 1:54am Aug 28, 2014 1:54am
Quoting MrNow
{quote} Thank you. Yes....I bit irregular...but still very valid in my view......what is important is not the form but the dynamic of the participants: a low, a lower low and a higher low....in the 4h may a bit more clearer... in that case..price already broke....if it works out 3267 is the Target....but has you mentioned before, there is the gap...we see.. {image}
I personally would like to see more of a shoulder, a touch at 3180ish build with 5-10 bars.. i think your shoulder is more noice than shoulder. But, yes.. i could might work
I don't even have a cool signature
  • #920,093
  • Aug 28, 2014 1:57am Aug 28, 2014 1:57am
Quoting NoCoolNick
{quote} Moving stop to 3218. Lets see if cable fails, then it might drag eu with it. USDCHF seems to be failing also, still early waters on that..
The 1H candles are getting very wickish..
I don't even have a cool signature
  • #920,094
  • Aug 28, 2014 1:59am Aug 28, 2014 1:59am
Quoting hathor
{quote} if h&s holds: it's harder and harder to reach new highs, this is why I think the upper line of the gap will be a tough resistance and will bring a lot of bear...the short position's stop losses will be set over ~1.32610 and 1.33000....so I wouldn't be surprised if the pair would erase them. IMO
ok..could be.
  • #920,095
  • Aug 28, 2014 2:02am Aug 28, 2014 2:02am
The EURUSD rose during the course of last day session, testing the 1.32 level. Being an area of significant resistance, the gap lower that happened at the beginning of the week is still in effect and it should act as resistance, it should offer nice selling opportunities.
Want to learn more: HTO Trading
  • #920,096
  • Aug 28, 2014 2:08am Aug 28, 2014 2:08am
Quoting NoCoolNick
{quote} I personally would like to see more of a shoulder, a touch at 3180ish build with 5-10 bars.. i think your shoulder is more noice than shoulder. But, yes.. i could might work
yes not perfect....I would not rely much on the pattern itself....also a perfect pattern could not work out......any pattern when developed needs other participants to enter the market to reach the projected target, without them any patterns is worthless, that is why in reading proper PA at the crucial point of a pattern is vital .
  • #920,097
  • Aug 28, 2014 2:10am Aug 28, 2014 2:10am
Quoting NoCoolNick
{quote} It's really testing my patience, got a confirmed break and now, the usual stuff of trying to make me get cold feet. This pair is not easy at the moment, anyway sl 3222 and tp 3163, will leave it for now a look for other prospects..
I will now void my wedge due to fakeout. Taking a new wedge into play with lower trendline right now at 1.3200ish, break from that will target 3172. If we touch the trenline i will kill my previous short and enter back in if break confirmed.
I don't even have a cool signature
  • #920,098
  • Aug 28, 2014 2:16am Aug 28, 2014 2:16am
Quoting Matts Micro
I am looking at medium term long, perhaps a pullback to BO point before further upside. {image}
Had a pullback to BO point as expected now bulls should move in imo.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd #51.png Size: 49 KB
As the lights go by so too do the shadows move
  • #920,099
  • Aug 28, 2014 2:19am Aug 28, 2014 2:19am
Quoting MrNow
{quote} yes not perfect....I would not rely much on the pattern itself....also a perfect pattern could not work out......any pattern when developed needs other participants to enter the market to reach the projected target, without them any patterns is worthless, that is why in reading proper PA at the crucial point of a pattern is vital .
I like patterns as they give a name to a story being shown in the charts. BUT i want them to be clear, if fuzzy or you one needs to say "i might could be a...." then it proberbly is not..
I don't even have a cool signature
  • #920,100
  • Aug 28, 2014 2:22am Aug 28, 2014 2:22am
Quoting NoCoolNick
{quote} I like patterns as they give a name to a story being shown in the charts. BUT i want them to be clear, if fuzzy or you one needs to say "i might could be a...." then it proberbly is not..
ok
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