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The Swamp

  • #1,821
  • Mar 27, 2016 3:29am Mar 27, 2016 3:29am
EU.

Notice how price stays below the daily pivot point in the last week.
It tested the monthly R1 but does not want to go trough.
Its just humping against the daily pivot point on Friday trying to go up.
It might have no problems getting above on Monday.
It also broke a trend line.
All this makes me bullish in the short term.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 145 KB


If price gets to 1.11 then It broke the upward channel which get more bears in.
The downward channel may bring the support 1.11 needs.
It may or may not happen.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1x.png Size: 155 KB


Another place below the upward channel where i would buy 1.11 is this:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 127 KB
  • #1,822
  • Mar 27, 2016 3:45am Mar 27, 2016 3:45am
Happy Sunday everyone. Happy Easter if you celebrate it!

The FF calendar makes no mention of tomorrow being a holiday in London. It's definitely a bank holiday here so I'm just wondering if anyone knows the actual situation with London trading tomorrow.

Thanks in advance.

EDIT - Ignore me. Found some info from my broker.
Focus.
  • #1,823
  • Mar 27, 2016 6:30am Mar 27, 2016 6:30am
Looks like a clean breakout on the 1hr after 3 touch daily TL and current channel

1.10821 daily support a reasonable target
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 23 KB
Click to Enlarge Name: EURUSDDaily.png Size: 33 KB
Come with me if you want to live....
  • #1,824
  • Mar 27, 2016 6:43am Mar 27, 2016 6:43am
Bigger picture.
Looks like yet another monthly rejection of the 23fib/monthly channel in play (that would make 13 months of consolidation).

Daily shows a clean rejection of the green TL on retest and a nice red wedge forming.

My money would be on a break south of the wedge which in my estimation would spell curtains for the Euro
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 31 KB
Click to Enlarge Name: EURUSDDaily1.png Size: 45 KB
Click to Enlarge Name: EURUSDDaily.png Size: 28 KB
Come with me if you want to live....
  • #1,825
  • Mar 27, 2016 6:49am Mar 27, 2016 6:49am
wedge to wedge?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 24 KB
Click to Enlarge Name: EURUSDH11.png Size: 31 KB
Come with me if you want to live....
  • #1,826
  • Mar 27, 2016 9:18am Mar 27, 2016 9:18am
Good article here..
http://www.businessinsider.com/secre...lar-2016-3?amp
  • #1,827
  • Mar 27, 2016 5:29pm Mar 27, 2016 5:29pm
UJ

Was not what i was expecting.
This is a bit dis-concerning.
I have a short position.
It may need a spike to turn around.
Now would be nice.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 182 KB
  • #1,828
  • Edited 6:12pm Mar 27, 2016 5:55pm | Edited 6:12pm
Perhaps it wants to test this..
If it makes a spike, close below fib, i forget it.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 148 KB
  • #1,829
  • Mar 27, 2016 6:24pm Mar 27, 2016 6:24pm
Quoting longshot_nl
Perhaps it wants to test this.. If it makes a spike, close below fib, i forget it. {image}
however these parallels get hit all the time. See blue lines.
The red line may be the turning point or a bounce.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 160 KB
  • #1,830
  • Mar 27, 2016 6:40pm Mar 27, 2016 6:40pm
Quoting gatorinla
uj approaching 113.38, that was the smaller* norm.. the 2 norms at 112.91/114.54 and 113.38/114.8 void 114.54+ and 114.86+.. holiday weekend.. 113.38 may be a s/r.. a close s/r at 113.59 and 113.33.
uj in my short zone now
those who can, do. those who cant, talk about those who can
  • #1,831
  • Mar 27, 2016 7:38pm Mar 27, 2016 7:38pm
I suck at harmonic patterns but could be a bat.
Figure it out for yourself, i go to bed.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png Size: 149 KB
  • #1,832
  • Mar 27, 2016 7:57pm Mar 27, 2016 7:57pm
Quoting spartanforex
waiting ona short u/j around 113.58-64 euro long around 11018 probably a little below that area, think we might see a bounce back up in euro before heading there.

enter short u/j 113.53, stop 113.80 tp open
  • #1,833
  • Mar 27, 2016 8:09pm Mar 27, 2016 8:09pm
Pending SHORT
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #1,834
  • Mar 27, 2016 9:15pm Mar 27, 2016 9:15pm
Short uj with tight stop
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled0.jpg Size: 17 KB
  • #1,835
  • Mar 27, 2016 9:50pm Mar 27, 2016 9:50pm
pending uj short.. 113.67 stop 113.77
those who can, do. those who cant, talk about those who can
  • #1,836
  • Mar 27, 2016 9:59pm Mar 27, 2016 9:59pm
Quoting gatorinla
pending uj short.. 113.67 stop 113.77
in about to be stopped or not
those who can, do. those who cant, talk about those who can
  • #1,837
  • Mar 27, 2016 10:07pm Mar 27, 2016 10:07pm
Quoting gatorinla
{quote} in about to be stopped or not
another pending short 113.708.. same 113.77 stop
those who can, do. those who cant, talk about those who can
  • #1,838
  • Mar 27, 2016 10:40pm Mar 27, 2016 10:40pm
Quoting Rajking
Short uj with tight stop {image}
Triggered
  • #1,839
  • Mar 28, 2016 12:28am Mar 28, 2016 12:28am
I'm also gonna try some short UJ, again..this time at 113.81, risk 50 to start, will look to tighten it up later...
Look Sharp/Trade Tight
  • #1,840
  • Mar 28, 2016 1:27am Mar 28, 2016 1:27am
Good morning all,
short UJ @ 13.564 really tight s/l
lost some pips yesterday @ R1 (300ish) level
looks slow today, undecided , no dax, stay in bed kinda day
don't get in love with pairs ... up or down is the same pip value
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