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  • #20,101
  • Oct 24, 2014 7:15am Oct 24, 2014 7:15am
Quoting kalyan
Is EU trying to move to 2584 before 2710?? Looks so
Not yet
  • #20,102
  • Oct 24, 2014 9:38am Oct 24, 2014 9:38am
Quoting T@rantula
The analysis is still valid 2695-2710 zone should be still good to sell towards 2675 and 2620.
+30 pips and counting. Protective stop placed.
  • #20,103
  • Oct 25, 2014 5:52am Oct 25, 2014 5:52am
wow i didn't notice until now... 1.2501 was the 23.6%... i have 1.4454 from another calculation and there it is up there.. 1.25 is probably the make or break level now
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  • #20,104
  • Oct 26, 2014 8:01pm Oct 26, 2014 8:01pm
Quoting T@rantula
The analysis is still valid 2695-2710 zone should be still good to sell towards 2675 and 2620.
hi @T, how do you define valid or invalid? any example of previous chart with explanation would be great
  • #20,105
  • Oct 27, 2014 8:18am Oct 27, 2014 8:18am
Quoting bolehbah69
{quote} hi @T, how do you define valid or invalid? any example of previous chart with explanation would be great
Those are methods which I trade. Usually the first touch is the best, then if no new high has been made we can go with 2nd touch also. For example, on the chart you are referring to, we can see an INNER trendline which is important because it intersects 2700 zone which was broken by M 1 2 3. The very first touch was sold, then the 2nd touch also. The price did not make any new highs before today. So for completely understanding the price structure you also need to understand confluence zones. Trendlines are very important in trading, especially when they are aligned with othe price action tools such as PP or chart patterns.

Quoting jaylovin
wow i didn't notice until now... 1.2501 was the 23.6%... i have 1.4454 from another calculation and there it is up there.. 1.25 is probably the make or break level now {image}
There could be a range 2620-2720 until FED Statement on Wednesday. Longer term It could be that 1.25 is make it or break it. I am focused on intraday trading and for 1.25++ break we need very strong USD fundies.
  • #20,106
  • Oct 28, 2014 5:41am Oct 28, 2014 5:41am
We are in profit on GBPUSD and AUDUSD from yesterday's recap so today we might have EURCAD setup soon.

EURCAD is showing retracement and possible longs could be tried around 4230-4220 level. We have a confluence of inner trend line and fib numbers. H3 is possible intraday target but we must not forget tomorrow's FOMC ( volatility is not expected to be high before FOMC ) ,so 4270 is the first target towards 4300. Intraweek trend line serves as support where stops are placed just below the trend line.
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  • #20,107
  • Oct 28, 2014 7:38am Oct 28, 2014 7:38am
Quoting T@rantula
We are in profit on GBPUSD and AUDUSD from yesterday's recap so today we might have EURCAD setup soon. EURCAD is showing retracement and possible longs could be tried around 4230-4220 level. We have a confluence of inner trend line and fib numbers. H3 is possible intraday target but we must not forget tomorrow's FOMC ( volatility is not expected to be high before FOMC ) ,so 4270 is the first target towards 4300. Intraweek trend line serves as support where stops are placed just below the trend line. {image}
target reach
  • #20,108
  • Oct 28, 2014 9:06am Oct 28, 2014 9:06am
Quoting T@rantula
We are in profit on GBPUSD and AUDUSD from yesterday's recap so today we might have EURCAD setup soon. EURCAD is showing retracement and possible longs could be tried around 4230-4220 level. We have a confluence of inner trend line and fib numbers. H3 is possible intraday target but we must not forget tomorrow's FOMC ( volatility is not expected to be high before FOMC ) ,so 4270 is the first target towards 4300. Intraweek trend line serves as support where stops are placed just below the trend line. {image}
Quoting bolehbah69
{quote} target reach
TP hit!
  • #20,109
  • Oct 28, 2014 9:23am Oct 28, 2014 9:23am
Quoting T@rantula
{quote} {quote} TP hit!
after tp hit, right now the movement is invalidate the setup?
  • #20,110
  • Oct 28, 2014 10:14am Oct 28, 2014 10:14am
Quoting bolehbah69
{quote} after tp hit, right now the movement is invalidate the setup?
Yes..Once the price gets to the POC and hits TP, no more entries should be made.
  • #20,111
  • Oct 28, 2014 10:17am Oct 28, 2014 10:17am
Quoting T@rantula
{quote} Yes..Once the price gets to the POC and hits TP, no more entries should be made.
thanks
  • #20,112
  • Oct 28, 2014 1:55pm Oct 28, 2014 1:55pm
This how i trade

http://www.forexfactory.com/showthre...78#post7828578
  • #20,113
  • Oct 29, 2014 7:55am Oct 29, 2014 7:55am
Today we have FOMC statement as the most important event this week. We need to carefully chose setups, although I dont advise trading during FOMC due to spike volatility and whipsaws.
From technical perspective EURUSD has formed a bullish pennant which is a sign of continuation and if we add the height of the pole to a pennant breakout we see that 2810 and 2840 are targets. Due to unpredictable PA movement during FOMC we might also see a breakout to the downside. Breakout will be valid when intraweek trendline is broken and 2685 is broken to the downside. That way EURUSD would target 2650 and 2615. Pay attention to levels and pennant for this pair.

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  • #20,114
  • Oct 29, 2014 9:42am Oct 29, 2014 9:42am
Quoting T@rantula
Today we have FOMC statement as the most important event this week. We need to carefully chose setups, although I dont advise trading during FOMC due to spike volatility and whipsaws. From technical perspective EURUSD has formed a bullish pennant which is a sign of continuation and if we add the height of the pole to a pennant breakout we see that 2810 and 2840 are targets. Due to unpredictable PA movement during FOMC we might also see a breakout to the downside. Breakout will be valid when intraweek trendline is broken and 2685 is broken to the...
+30 after pennant breakout
  • #20,115
  • Oct 29, 2014 3:06pm Oct 29, 2014 3:06pm
Hi, sorry for a OT but can anyome confirm not working "timeframe only indicator" I have a "camarilladt" set it to showing only on M1-H4 Timeframe, but after the update, indicator is on every timeframe and ignore settings. Thanks for help
  • #20,116
  • Oct 30, 2014 4:19am Oct 30, 2014 4:19am
nice to know sometimes i am right - i should play these trades though - pointless otherwise...

http://www.forexfactory.com/showthre...17#post7832417

right now i have 2525 so i hope 2550 breaks which is a tough support right now...

ideally i would like to see 1.23xx to end this cycle... i will wait..
  • #20,117
  • Oct 30, 2014 5:40am Oct 30, 2014 5:40am
Quoting jaylovin
nice to know sometimes i am right - i should play these trades though - pointless otherwise... http://www.forexfactory.com/showthre...17#post7832417 right now i have 2525 so i hope 2550 breaks which is a tough support right now... ideally i would like to see 1.23xx to end this cycle... i will wait..
Ofcourse Jay, you have a keen eye! Dont know why u r restraining yourself lol!
  • #20,118
  • Oct 30, 2014 5:43am Oct 30, 2014 5:43am
AUDUSD shows a potential rejection around 8825 zone as we see a multiple confluence points. Historical sellers, inner trend line, fib and camarilla levels. The zone should provide initial resistance and rejections should target 8755 another retest of intramonth trendline and L3 level.

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  • #20,119
  • Oct 30, 2014 8:00am Oct 30, 2014 8:00am
so it looks like the down move on EU is done at 1.2545... looking for longs... 1.4454 long term? ​
  • #20,120
  • Oct 30, 2014 8:19am Oct 30, 2014 8:19am
Quoting jaylovin
so it looks like the down move on EU is done at 1.2545... looking for longs... 1.4454 long term? ​
Haha, im not sure about 4454..Who knows what could happen meanwhile? I just dont like long term projections, they are very inaccurate due to macro/micro economical surges and unexpected world events.
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