Thegman's Journal (Equity Millipede Concept)

ranging hard where will we go?? Nobody know....

hey brother my guess it will broke 1.2280 once again and open a new gate towards 1.2000.

1st support level 1.2360 has been broken next one is 1.2330 and after that 1.2300

yes we will see especially with good NFP.

Up around 150-170 pips right now budding starts of a new leg forming. Once we get to 200 pips I will consider a new leg to be formed. I will then be looking to add to this leg on any bounces/corrections and continue holding.

will it breaks 1.2280

I believe it will we are just retracing a bit as people take profits and will most likely consolidate before next leg down between 1.2333 and 1.230

edit: yup looks like we will range again.

or maybe not...

weekly looking real nice and bearish here's hoping we get down to 1.22-1.21 area within the next week.

aaaand we got it...new LL

Well we got the LL now we range it out and get back to work on Monday. Here's for continuation of the bearish momentum and a test of 1.22 towards 1.21.

Nice Analysis, Happy week end brother

Thanks! Here's to more down next week. We had a close below 1.2300. Closed below 1.23 twice on the 4 hour this is a very bearish signal in my book. In terms of setups and what I am looking for next week:

Looking for a continuation of the bear trend long term looking for eur/usd to finish the month around the 1.21-1.20 level. I am looking for a bounce up to 1.236xx to load more shorts. I believe 1.236 is upside target for bounce before more continuation downwards. I will have pending shorts at 1.236 and 1.24 going into next week. MAX upside I am seeing is 1.24 before bears just pummel it downwards, more likely scenario is 1.236. I currently hold 1 short from 1.2450 that I am holding through the weekend and into next week. I regrettably closed one of my shorts prior to NFP and missed out on the 80+ pip drop that ensued but I felt limiting my risk going into NFP to outweigh this lost benefit. Below are my chart setups I will be looking at for next week the 4hr chart is looking very bearish with 2 closes below the 1.23 level as we hover around the middle of the downward channel. A new LL was posted at 1.2276 after breaking through previous low at 1.2300 as well as LH around 1.245 level as price failed to rally back towards 1.25 after the ECB meeting, further adding to bearish bias. Bearish engulfing candles on both the Daily and Weekly further strengthen the overlying trend. Long term monthly support lies around the 1.22-1.21 levels as we approach the bottom of the monthly trendline which may prove a decisive level as a lot of buyers are expected here. If this level is broken it may lead to a swift fall as price moves into uncharted territory not seen since the lows of 2010. All in all end of year should prove interesting as should the new year.

My setups for today going into Monday. Have sells sitting at 1.2345 and 1.2360. Lets see what this little bounce brings before the bears crush it.

hmmm....

EURUSD short at 1.2450 has officially hit 200 pips and is a fledgling leg lets see what happens from here.

My guess on Euro till feb2015.

Targeting at least 1.21 by months end. Was targeting a retest of the 1.236/1.238 area but with the way this 4hr is looking right now might not get it...we'll see though.

Just took the absolute worst fucking trade at the absolute worst fucking time...I'm fuming....Stopped out 40 pip loss....So stupid of me....Thought to jump in long on an obviously overbought USDJPY in the obvious worst month....GOD how could I be such a fucking sucker... Anyways here was the trade. Long 120.80 s/l was 120.40 god MURDERED instantly after my order was triggered. Like literally 30 seconds after it was insane. Picked the wrong direction I guess.... GG

Everything was looking good hh/ll then BAM done

Give it a shot...Long here...

edit: OUT not looking like this bad boy wants to budge yet.

New setup:
After a lot of mulling over charts and thinking things over this is my long term December trade. I will be trading very small lots here. This trade is a little over a 1:2 Risk to Reward situation, I am short @ 119.050 SL 120 TP 116.8. I see further downside to end out the year in December I am targeting 116.8 level as bottom/end of correction here and will look to load back up long there. This is of course a big countertrend trade but I believe the long USDJPY position is severely overcrowded at this time and a correction is indeed due(as evident in the PA). If I am proved to be wrong and my SL is hit at 120 I will most likely reassess and proceed to go long in accordance with the overall trend.

Stops to BE first condition has been met we are up +40 pips as of now.

Sticking to downward channel.