EUR/USD reached the resistance level at 1.1530 and formed a shooting star candlestick right under the resistance in the 4-hour filter chart. I think it will keep dropping until it reaches target 1.1370 and then the range from the past week will resume. That said, I am curious to see what effect the US Non-farm Payrolls will have on the pair on Friday.
- #957,382
- Feb 4, 2015 8:33am Feb 4, 2015 8:33am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
The US data on Factory Orders finally caused some volatility in the EUR/USD chart. The pair moved to the upside. It looks like correction continues and the next target is likely 1.1530.
those who can, do. those who cant, talk about those who can
- #957,384
- Feb 4, 2015 8:35am Feb 4, 2015 8:35am
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
{quote} I think you are what they refer too as a... know it all. The most successful in any field are those that do not sing their own praises... You are quite obviously not one of them!!
dude, us Brits need to stick together
used to be undecided but nowadays can't make my mind up
- #957,385
- Feb 4, 2015 8:37am Feb 4, 2015 8:37am
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
{quote} Winner takes all, second place is just the first place loser.
used to be undecided but nowadays can't make my mind up
- #957,386
- Feb 4, 2015 8:37am Feb 4, 2015 8:37am
- Joined Nov 2012 | Status: Trader | 5,895 Posts
Long 1430
- #957,387
- Feb 4, 2015 8:39am Feb 4, 2015 8:39am
{quote} Today's setup is range play until we get a break to the downside, play it well and we may well get a decent runner towards the European close with New York setting the low for the day. All that is technical, the news can skew that slightly but as long as we are within range on that one we have our setups for the day.
{quote} Headline lower but an upward revision to the previous. It's a wash.
A contrarian; I always disagree.
- #957,394
- Feb 4, 2015 8:47am Feb 4, 2015 8:47am
{quote} Is that a hint for short?
You need to trade your own chart, I can't trade for you, I just gave you a heads up a few hours ago what price was going to do, how you trade it is up to you.
The really valuable hint was when I was helping out Janpec with his illconceived long to 480 when I gave 4597 about 2 hours ago.......
A contrarian; I always disagree.
- #957,395
- Feb 4, 2015 8:48am Feb 4, 2015 8:48am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
Only close equal or bigger than 15min below 1.1425 is a sign of making a turnaround. One done there at 14:30 GMT.
Unclear yet if this was a 1min/15 pips dip because it got filled like that without making any high or low prices.
So, hold your horses, you can make a mistake
Unclear yet if this was a 1min/15 pips dip because it got filled like that without making any high or low prices.
So, hold your horses, you can make a mistake
They think they are smarter than I am.
{quote} You need to trade your own chart, I can't trade for you, I just gave you a heads up a few hours ago what price was going to do, how you trade it is up to you. The really valuable hint was 597 about 2 hours ago.......
Not searching for unusual subject matter but making the commonplace unusual
- #957,397
- Feb 4, 2015 8:49am Feb 4, 2015 8:49am
- | Joined Sep 2012 | Status: Trader | 2,815 Posts
{quote}
- #957,398
- Feb 4, 2015 8:52am Feb 4, 2015 8:52am
{quote} Alright, got it. Thanks.
The one to watch below is 3806. The one above is the earlier 4285
I gave you the direction I was looking for early this morning with the rejection levels on the top side, trade accordingly. If you can't duplicate my numbers, then please don't use them to trade. I also gave you what correlated markets and currencies to watch out for and what needed to happen in those for this trade to become a runner and not just noise.
I give hints, I am not going to tell you where to enter your trades exactly. I do occasionally call live trades here, when I do I will also post where I take my profits.
You can't trade what you can't see.
A contrarian; I always disagree.
- #957,400
- Feb 4, 2015 8:56am Feb 4, 2015 8:56am
- Joined Feb 2011 | Status: building a shortfolio | 2,418 Posts
Twitter: @TrendersGame