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EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

  • #101
  • Oct 7, 2015 1:09am Oct 7, 2015 1:09am
Morning all, back again hoping for a better day today

7.05am (BST) first look is a tight range 11260-11280 in an uptrend. Market currently testing the 11160, possible breakout down or, preferably given the basic trend, a bounce and move towards 11280 to trade. Wait and see...
  • #102
  • Oct 7, 2015 1:37am Oct 7, 2015 1:37am
Opening range 255-285. Possible fake out 240 if 255 broken.
  • #103
  • Oct 7, 2015 2:06am Oct 7, 2015 2:06am
8.01 short 11253 on breakdown, stop 10
  • #104
  • Oct 7, 2015 2:07am Oct 7, 2015 2:07am
Closed at 239
Looking at 50% daily next
  • #105
  • Oct 7, 2015 2:08am Oct 7, 2015 2:08am
8.07 closed 11232 after collapse.
+21, I'm done for the day, have a good one everyone
  • #106
  • Oct 7, 2015 2:48am Oct 7, 2015 2:48am
Quoting KzX
Previously I thought about 1st scenario, then came second... Honestly dunno what's gonna happen next. If they still wanna compress in that triangle they should drop now to lower band and mark proper 5 now but I'd be careful with that as the money flows into commodities for a few days. Scalping is still safer for me on this pair. {image} {image}
Couldn't break to the upside implicated scenario above.

Anyway, scalping levels remain the same since nfp:
170-200-230-260-290
+- few pips

225 - 50% of daily and a next level below after lower band of OR 255

If anyone's bullish, this is your spot.
  • #107
  • Oct 7, 2015 3:17am Oct 7, 2015 3:17am
open sell 1.12695
close 1.12386 4;16 am

could have stayed on for a fews more pips, but closed out. chicken to give any more back.
  • #108
  • Oct 7, 2015 3:33am Oct 7, 2015 3:33am
Nobody went long around 225?
I tried to be as 'live' with this trade as possible.
  • #109
  • Oct 7, 2015 3:45am Oct 7, 2015 3:45am
Quoting seahorse
EU levels for October 7 1.12680 1.12260 1.12050 1.11880
Don't know where or how you got those levels today but so far they spot ON...Strange intervals look like some sort of fib or gann numbers but not sure what the anchor points are...

  • #110
  • Oct 7, 2015 3:47am Oct 7, 2015 3:47am
Quoting KzX
Nobody went long around 225? I tried to be as 'live' with this trade as possible.
225 to 40 pullback looks like....we turned down again 5 minutes ago...

still short for at least 4 to 8 hours or more unless we see a hyper one hour candle.

If seahorse's numbers play out we are looking at 05 then 1.1188...
  • #111
  • Oct 7, 2015 3:51am Oct 7, 2015 3:51am
You think london will turn this to the upside today? Maybe NY, but I think they have no choice but to sell it, it's pretty all downhill for at least two days...just my guess.
  • #112
  • Oct 7, 2015 3:58am Oct 7, 2015 3:58am
Quoting KzX
Nobody went long around 225? I tried to be as 'live' with this trade as possible.
one of my problems, i think, but i dont trade it.. so now i have no proof that i actually thought about it..

i should set a demo up and trade my thoughts.. lol
Dont trade like me..
  • #113
  • Oct 7, 2015 3:59am Oct 7, 2015 3:59am
Quoting Pipologist
You think london will turn this to the upside today? Maybe NY, but I think they have no choice but to sell it, it's pretty all downhill for at least two days...just my guess.
I had thoughts of seeing 1180 area, but am wondering now if I missed the call. I'm currently at BE, thank you KzT's up call. I violated my first rule of trading, No trades until the second cup of coffee!
  • #114
  • Oct 7, 2015 4:16am Oct 7, 2015 4:16am
This is what I see unfolding within the next few sessions if all is "normal", it aint pretty but you get the picture...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 90 KB
  • #115
  • Oct 7, 2015 4:20am Oct 7, 2015 4:20am
Euro against other majors
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 297 KB
  • #116
  • Oct 7, 2015 4:30am Oct 7, 2015 4:30am
Quoting KzX
Euro against other majors {image}
Me thinks there is some manipulation of the yen and dollar by looking at those side by side...impossible?...the top 3 govs of the world carefully guiding their currencies? that's right they call it guidance now I think.
  • #117
  • Oct 7, 2015 4:33am Oct 7, 2015 4:33am
It may sound ridiculous but I expected 1.1345 today.
  • #118
  • Oct 7, 2015 4:35am Oct 7, 2015 4:35am
Pipologist, thanks for starting this thread
​
I am short so hope one of these ABCD formations plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 47 KB
When all conditions are met - Enter trade - sit back and FRET !!!
  • #119
  • Oct 7, 2015 4:35am Oct 7, 2015 4:35am
Quoting KzX
It may sound ridiculous but I expected 1.1345 today.
Not to me, I'm considering that we are building the floor for a sharp up move.In fact looking for long entries now. Note: I'm complete newbie at this!
  • #120
  • Oct 7, 2015 4:41am Oct 7, 2015 4:41am
Quoting KzX
It may sound ridiculous but I expected 1.1345 today.
I was leaning that way too and was preparing for it, but I was thumbing through charts with experimenting with some custom indi and all of a sudden I saw topping patterns on all of the minute and hourly charts and then extended it out to all charts and saw it coming. It looks like the weekly is turning too, of course monthly has been down for a long time, but ironically it looks like it may turn up within a month or few or less.

We may be starting a swing up but unless the H1 and H4 go with the flow, these PBs up may be just more controlled selling. Who knows it can all spin on a dime.
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