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The similarity system

  • #7,821
  • Sep 10, 2014 6:49pm Sep 10, 2014 6:49pm
Quoting vlady1974
{quote} Yeah, my latest thinking is that the Weekly High is currently 2962, current price 2914.... that's not that far or insurmountable. A bounce could happen tomorrow or Friday and a decent price of 1.2808 seems like an ideal Demand Price. Using Fibs, that could be a retrace to 1.3260 or 1.3087 or 1.3400... throw in 3174 for good measure. But if it doesn't bounce, then 1.2764 is well in the cards... so I'm with you, we'll have to see price action over Asian and Frankfurt sessions. {image} The 4H will have to lead the way... the TrendCounter shows...
Yea, we will watch price action on the up move. Will short it if i get signal
  • #7,822
  • Edited 10:14pm Sep 10, 2014 8:09pm | Edited 10:14pm
Quoting vlady1974
{quote} Yeah, my latest thinking is that the Weekly High is currently 2962, current price 2914.... that's not that far or insurmountable. A bounce could happen tomorrow or Friday and a decent price of 1.2808 seems like an ideal Demand Price. Using Fibs, that could be a retrace to 1.3260 or 1.3087 or 1.3400... throw in 3174 for good measure. But if it doesn't bounce, then 1.2764 is well in the cards... so I'm with you, we'll have to see price action over Asian and Frankfurt sessions. {image} The 4H will have to lead the way... the TrendCounter shows...
Thank you very much Vlady, nice post. EU has a small moving during Asian session, and it will end soon. I don't think ECB monthly bulletin can cause a big move, will wait for New York session.

Edit :
Around last Friday high is a good place for me to put a Sell limit , IF Europe session can push it to around yesterday high.
ELSE IF ECB monthly bulletin can not boost it, then i will put a Sell limit around yesterday high, hoping retail sales will push it up a little, then drop it down and consumer sentiment will do the job, a long way down ...
This will match your H4 image at post #7811
Good friends are more valuable than gold ...
  • #7,823
  • Sep 10, 2014 10:24pm Sep 10, 2014 10:24pm
my levels for long today from the bottom up. where ever price can give me a good entry. 1.2860,1.2880. late entry above 1.2920

i expect 1.2962 to break up if we retest it. levels for short . below 1.2860, 1. 2990. going to be a difficult trading day as there are many options today
  • #7,824
  • Sep 10, 2014 10:33pm Sep 10, 2014 10:33pm
Seeking first long attempt at 1.2900. Smaller lots as i will make more attempts
  • #7,825
  • Sep 10, 2014 10:42pm Sep 10, 2014 10:42pm
Quoting ephisi
Seeking first long attempt at 1.2900. Smaller lots as i will make more attempts
. i see eurusd struggling with 1.2920. a break of that will take us to 1.2960 where it may be rejected back to 1.2920. followed by an attempt to break 1.2960. a break of that will lead to 1.2990, failure to break 1.2960 or 1.2990 will trigger heavy shorts back towards the bottom. a break above 1.2990 would signal a corrective move towards 1.3100 where major selling could take place for a new attempt towards 1.2750
  • #7,826
  • Sep 10, 2014 11:03pm Sep 10, 2014 11:03pm
Quoting ephisi
Seeking first long attempt at 1.2900. Smaller lots as i will make more attempts
bought the dip at 1.2905 20pip stop first attempt
  • #7,827
  • Sep 10, 2014 11:04pm Sep 10, 2014 11:04pm
Morning Folks!

Did more analysis last night and I'm projecting based on this last Asian session that London to New York will post a newer low before Draghi sends this up (without necessarily changing sentiment).

Asian open of 2923 travelled to a High of 2924.7 then to a Low of 2902 and we're currently nearer the Low. I'll see how Frankie develops but this is a Down session of lower than the average 30 pips suggesting a wait on some news to drive a breakout, the fact that they went for a lower direction without breaking 2900 suggests that London could attempt 2923 and the higher levels such as 2980-2990 which I posted last night, but also fail. The number I posted yesterday of 2808 could be attempted for an ATR of near 120 pips but I'm cautious....if 2990 is attempted, then low around 2860. If 2920-30 not breached then 2800-10.

The problem I see is any unexpected or unscheduled news that I don't have a pulse on during the New York session. Because Draghi speaks late, we could actually range all day between 2900 and 2930 for a while.
A pip is only worth it if you know how much you risked to earn it
  • #7,828
  • Sep 10, 2014 11:15pm Sep 10, 2014 11:15pm
Gold has fallen below 1250 but holding at 1247 (Josh!). ZZBB shows it posting a bottom swing meaning we're expecting a move up. This implies Dollar DOWN....that could mean EUR up. YEN is being sold across the board so it's harder to see how EU is being traded....AUD is up against Dollar and AUD is linked to Gold so implies Dollar lower. eURAUD is Up...so if EUR is above AUD and AUD is above USD.....EURUSD is UP.

edit: Just thinking out loud, folks
A pip is only worth it if you know how much you risked to earn it
  • #7,829
  • Sep 10, 2014 11:21pm Sep 10, 2014 11:21pm
Quoting vlady1974
Morning Folks! Did more analysis last night and I'm projecting based on this last Asian session that London to New York will post a newer low before Draghi sends this up (without necessarily changing sentiment). Asian open of 2923 travelled to a High of 2924.7 then to a Low of 2902 and we're currently nearer the Low. I'll see how Frankie develops but this is a Down session of lower than the average 30 pips suggesting a wait on some news to drive a breakout, the fact that they went for a lower direction without breaking 2900 suggests that London...
your post tells me today could be a tricky day
  • #7,830
  • Sep 10, 2014 11:24pm Sep 10, 2014 11:24pm
Quoting vlady1974
Gold has fallen below 1250 but holding at 1247 (Josh!). ZZBB shows it posting a bottom swing meaning we're expecting a move up. This implies Dollar DOWN....that could mean EUR up. YEN is being sold across the board so it's harder to see how EU is being traded....AUD is up against Dollar and AUD is linked to Gold so implies Dollar lower. eURAUD is Up...so if EUR is above AUD and AUD is above USD.....EURUSD is UP. edit: Just thinking out loud, folks
lol, thinking out loud is essential.
  • #7,831
  • Sep 10, 2014 11:32pm Sep 10, 2014 11:32pm
Quoting ephisi
{quote} bought the dip at 1.2905 20pip stop first attempt
Frankie fake move... Bought 2900 -10 SL
A pip is only worth it if you know how much you risked to earn it
  • #7,832
  • Sep 10, 2014 11:35pm Sep 10, 2014 11:35pm
Quoting vlady1974
{quote} Frankie fake move... Bought 2900 -10 SL
I want an attempt and failure of 2934. Short on a retrace from there....ideally. That could mean 2924
A pip is only worth it if you know how much you risked to earn it
  • #7,833
  • Sep 10, 2014 11:40pm Sep 10, 2014 11:40pm
Quoting vlady1974
{quote} Frankie fake move... Bought 2900 -10 SL
dicey dicey
  • #7,834
  • Sep 10, 2014 11:45pm Sep 10, 2014 11:45pm
Quoting vlady1974
{quote} Frankie fake move... Bought 2900 -10 SL
Stops to +6
Not screwing around. Lol
A pip is only worth it if you know how much you risked to earn it
  • #7,835
  • Sep 11, 2014 12:01am Sep 11, 2014 12:01am
lets see what london boys have for us
  • #7,836
  • Sep 11, 2014 12:07am Sep 11, 2014 12:07am
Quoting vlady1974
{quote} Stops to +6 Not screwing around. Lol
Out at +7 I trailed it. I didn't want to surrender anything near 2900 cos its a turbulent area.
A pip is only worth it if you know how much you risked to earn it
  • #7,837
  • Sep 11, 2014 12:14am Sep 11, 2014 12:14am
Quoting vlady1974
{quote} Out at +7 I trailed it. I didn't want to surrender anything near 2900 cos its a turbulent area.
cool, i guess it was a scalp. i am waiting for a spike up. i may be wrong
  • #7,838
  • Sep 11, 2014 12:31am Sep 11, 2014 12:31am
Quoting ephisi
{quote} cool, i guess it was a scalp. i am waiting for a spike up. i may be wrong
Spiking a bit. If we are to take out 1.2920 we will do so with one badass 5minutes candle
  • #7,839
  • Sep 11, 2014 12:40am Sep 11, 2014 12:40am
Quoting ephisi
{quote} Spiking a bit. If we are to take out 1.2920 we will do so with one badass 5minutes candle

this could be our 5minuts badass candle coming up
  • #7,840
  • Sep 11, 2014 12:52am Sep 11, 2014 12:52am
Quoting ephisi
{quote} Spiking a bit. If we are to take out 1.2920 we will do so with one badass 5minutes candle
8minutes to go
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