EURUSD

On the h4 chart on the floor of the channel a harmonic pattern is in sight. We are expecting a higher price to the high if the demand fueled up.


http://analysis2014.blogspot.com/

Daily TF is the bitch

What kind of option in USD/JPY ?
No Touch?

EDIT: Sorry barrier I read.

Of course but when.

any link for me to get the options information, the amount, the expiry, etc?

There will not be any actions from Draghi. Market is climbing up slowly...I think the big guys are closing their positions.

once H4 candle close shows bullish engulfing...it is going to be minor correction till before ECB

This is an important level .618 ret Monthly chart but I am not calling it a reversal without a confimation by PA (reversal candle on Daily chart at least), for now best is to wait for pulbacks H4 at Fib levels and buy, if we break up here I can only see 122 and 124.

On the h4 chart on the floor of the channel a harmonic pattern is in sight. We are expecting a higher price to the high if the demand fueled up.


http://analysis2014.blogspot.com/

tbh (my opinion of course) i dont see it going that far without some sort of reversal... the PA has stretched too far since the "original" 110

trying a long from 1.2320

Me too! I think we got in at the same time. What is your tp?

10 pip tp sl

Im ready for some more down action, 30 pip more down would not surprise me, in which case i will buy once more and make the TP for that one sligthly less then .5

TPs prone to change, as can be perceived in my trade explorer.

I have closed out any longs as we get above .5 for this, and at around .61 ish i will start selling. So that would mean i will be selling when we get to 1.243 area, probably. Depends on what PA we see on H4 as we get there. I could place limits for these sells, but seeing as i probably have 24 hours to go before that happens, i have plenty of time to consider if thats really what i want to do or not.

I would think we have 36 hours to go before we reach 1.243 ish area. 48 hours until that is quite a probable scenario. 24 hours if we got quickly north, if say the news later today will start a flood of longs. Well, 24 hours or 48 hours to get there doesnt really matter. I can take a nap and have a walk with my son and my family and eat dinner and go to sleep before i need to do much of anything, regardless of what happens to this current long position.

If my current long is in the shitter in 24 hours i might close it down. But that depends on the PA. I need to see that there are some buying during those 24 hours, otherwise im getting jumpy with this long and might close it down, if we just keep dropping in those 24 hours that is. I dubot it, but its very possible all that will happen is that i loose 100 pip with this position within the next 24 hours. Thats not really a big problem and in that case, which is a kind of strange scenario, i guess i will just close it and have a look at the PA and wait until we see a decidedly meaningfull buy move before the top and bottom seem more established and i stort looking for shorts up above.

One thing to consider and the reason i made quite a cheap takeprofit on this long is that the buy moves have a tendency to be defeated pretty quickly. I mean we ARE in general going down. Even so i feel quite comfortable with this long position, if it is NOT the case that i experience a -100 pip on it like i was saying. The 100 pip represents an average of D1 candles, so if we go -100 from here its an average dropping day, which does NOT seem quite so probable statistically speaking.

Bearish downtrend continues as expected and 1.2350 was broken, reinforcing bearish momentum for the trend. Bears remain in control of the pair below the 10-day moving average, currently at 1.2425. The fundamental explanation for the bearishness on the Euro sums up nicely on the following title: “Eurozone suffers from low potential growth and weak competitiveness, while political support for reform remains limited.”

forexlive.com shows option expiry and stop levels i think

My point was not if it is possible or not - it is of course. The interesting part begins with the question HOW it went.

I need you guys to long more. so this baby can continue its trend. Don't worry its just a manipulation. time to long.

someone always wants to chime in and try to chip away eh? you'll get your turn at being on the wrong side of a trade buddy.

I'm short since October. In this case, its really hard to go wrong. lol..