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  • #941,161
  • Dec 4, 2014 11:01am Dec 4, 2014 11:01am
a hammer to short now?
  • #941,162
  • Dec 4, 2014 11:03am Dec 4, 2014 11:03am
Quoting mk5
a hammer to short now?
lets see...
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  • #941,163
  • Dec 4, 2014 11:03am Dec 4, 2014 11:03am
Quoting tashkent
the trend is your friend until it sticks its chunk into your bum
This move up certainly trapped me in some shorts but I hope the rumours about pump/dump are right and NFP will undo all the action of today on friday (as it usually does ).
  • #941,164
  • Dec 4, 2014 11:05am Dec 4, 2014 11:05am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
FIBs are highly precise when measuring impulse moves such as today's. 161 extension is nestled right at 1.25 Is it coincidence the 127 extension is shaping up to be a mid-pivot pause... I don't think so.
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  • #941,165
  • Dec 4, 2014 11:06am Dec 4, 2014 11:06am
Quoting gatorinla
{quote} i gave up thinking. 2606 is a norm for 4301.. it has some larger players still playing it.. they have to die sub 2539 and 2473 to get the memo..
rock. October 1. 2324 next before 2043 and the mid between.. 2606-2308=? whats in the middle? its all info years old.
those who can, do. those who cant, talk about those who can
  • #941,166
  • Dec 4, 2014 11:08am Dec 4, 2014 11:08am
Quoting thegmann
{quote} lets see... {image}
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  • #941,167
  • Dec 4, 2014 11:12am Dec 4, 2014 11:12am
Quoting eggs
FIBs are highly precise when measuring impulse moves such as today's. 161 extension is nestled right at 1.25 Is it coincidence the 127 extension is shaping up to be a mid-pivot pause... I don't think so. {image}
The two tops you have on that chart, second is .707 Ret of the first, if this is a corrective move it should be over, I always look between .618 and .786 being .707 in the middle, imo that should show on your chart, is best seen on H1.
There is also WPP + DR3, so good confluence. If price passes .786, I start looking for extensions.
We watch the charts from every angle so you don't have to!!
  • #941,168
  • Dec 4, 2014 11:17am Dec 4, 2014 11:17am
From a fundamental angle I am not convinced the gains are over in EURUSD. I have no entry of course but based on previous events this rally should continue (Santa Clause? lol). I think the recent selling is profit realization before the next upmove but again, I need a technical entry for in order to enter.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #941,169
  • Dec 4, 2014 11:18am Dec 4, 2014 11:18am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
I'm not measuring or factoring the corrective move from recent highs. I'm only isolating today's impulse leg as a stand alone from the low of 1.23. There is however excellent confluence with longer TF corrective retrace levels which it sounds like you're referring to.
  • #941,170
  • Dec 4, 2014 11:19am Dec 4, 2014 11:19am
Quoting thegmann
{quote} {image}
stops to BE as per my strategy
http://www.forexfactory.com/showthread.php?t=515955
lets let her ride....
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  • #941,171
  • Dec 4, 2014 11:21am Dec 4, 2014 11:21am
Long @1.2415, another pending long @1.2408 and last one @1.2395, SL for all 1.2330 while TP is open for the time being
  • #941,172
  • Dec 4, 2014 11:22am Dec 4, 2014 11:22am
Quoting fxmasterdxb
Long @1.2415, another pending long @1.2408 and last one @1.2395, SL for all 1.2330 while TP is open for the time being
looks like the opposite of my plan haha
  • #941,173
  • Dec 4, 2014 11:22am Dec 4, 2014 11:22am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting pedro319
{quote} The two tops you have on that chart, second is .707 Ret of the first, if this is a corrective move it should be over, I always look between .618 and .786 being .707 in the middle, imo that should show on your chart, is best seen on H1. There is also WPP + DR3, so good confluence. If price passes .786, I start looking for extensions.
Such confluence lies with the full 78.6 Retrace of the last impulse leg down. The same exact pivot point that was highlighted in my first example by the 127 Extension.

Not to mention another touch of the upper trendline.
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  • #941,174
  • Dec 4, 2014 11:23am Dec 4, 2014 11:23am
i didnt enter new ones yet.. atm high mid 2606/2308..
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those who can, do. those who cant, talk about those who can
  • #941,175
  • Dec 4, 2014 11:24am Dec 4, 2014 11:24am
Quoting fxmasterdxb
Long @1.2415, another pending long @1.2408 and last one @1.2395, SL for all 1.2330 while TP is open for the time being
Good luck
Forex as Leverage
  • #941,176
  • Dec 4, 2014 11:24am Dec 4, 2014 11:24am
Time to load smaller tf to check for reaction to fibs and divergence. There is still momentum so price should test highs again.
We watch the charts from every angle so you don't have to!!
  • #941,177
  • Dec 4, 2014 11:25am Dec 4, 2014 11:25am
Quoting thegmann
{quote} looks like the opposite of my plan haha
well this is how the market goes, one sells while the other one buys otherwise how would we make money
  • #941,178
  • Dec 4, 2014 11:26am Dec 4, 2014 11:26am
Quoting fxmasterdxb
{quote} well this is how the market goes, one sells while the other one buys otherwise how would we make money
exactly! Hey im not complaining...
  • #941,179
  • Dec 4, 2014 11:28am Dec 4, 2014 11:28am
Quoting Chanlie
{quote} Good luck
Good luck to you too
  • #941,180
  • Dec 4, 2014 11:28am Dec 4, 2014 11:28am
Quoting eggs
{quote} Such confluence lies with the full 78.6 Retrace of the last impulse leg down. The same exact pivot point that was highlighted in my first example by the 127 Extension. Not to mention another touch of the upper trendline. {image}
Absolutely! Thanks for pointing that out, I actually didn't notice as I was not looking into 15 mins.
We watch the charts from every angle so you don't have to!!
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