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  • #1,101,681
  • Apr 5, 2017 1:17am Apr 5, 2017 1:17am
Quoting MarianneOslo
{quote} Hi digger what are Your plans for today after your chart? you will short at 1.0712? Or will you long up to 1.0712?
Little smaller timeframe chart,,,,,,,, been trading above the daily open and it did have a nice push thru a 24 ema on an hourly chart (Rough daily price average) probably gyrate around a little with frankie firing up ,,,you know the frankie fake out lol.
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  • #1,101,682
  • Apr 5, 2017 1:19am Apr 5, 2017 1:19am
It's not gonna go up in a straight line .... minor retracements will be there
  • #1,101,683
  • Apr 5, 2017 1:19am Apr 5, 2017 1:19am
Quoting MarianneOslo
{quote} Where are you short from Justin?
1.0679 has been a good place to short.. I have been building shorts around that level..
  • #1,101,684
  • Apr 5, 2017 1:25am Apr 5, 2017 1:25am
Quoting MarianneOslo
{quote} Where are you short from Justin? What is Your plan With the short?
I am wishing for 1.060 bleeeeeh maybe that's too much wish right? I will keep an eye on PA
  • #1,101,685
  • Edited 1:46am Apr 5, 2017 1:29am | Edited 1:46am
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What do you think , on daily is that a bearish or bullish chart ? Fib 38.2 was tested for 4 days and got rejected , yesterday closed as a bullish pin bar closing on the high ...
  • #1,101,686
  • Apr 5, 2017 1:30am Apr 5, 2017 1:30am
Quoting Connors
{quote} I think everyone is excited about the levels it is trading at and both bulls & bears have valid reasons to have their bias based on. It is FOMC day, so I am keeping my bias out of the door. I think 1.06 test needs to happen today or this week and depending on the strength of the support below it, it may please bulls which target 1.09 and above or greedy bears which target 1.04xxs. Where do you plan to cash out your shorts mate? 1.06 I assume.
I fully agree but with rate that 1.067 was well respected, I mean not even a single 1hr candle closed above it.. 1.0566 is there but to be more conservative, I'd cash out at 1.060 (That's if we go down) then start building LONGS.. I have a feeling the UP will be very fast..
  • #1,101,687
  • Apr 5, 2017 1:47am Apr 5, 2017 1:47am
Here is what i see:
let's take a look at daily chart ..... there we can see expanding triangle (red-lines) which mean fighting is getting hot and more money getting into market from both sides .... hence unless break-out occur i would be cautious coz within this triangle PA might slam into both direction wildly.

EU - Daily
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  • #1,101,688
  • Apr 5, 2017 1:48am Apr 5, 2017 1:48am
Quoting RazorFish
{image}What do you think , on daily is that a bearish or bullish chart ? Fib 38.2 was tested for 4 days and got rejected , yesterday closed as a bullish pin bar closing on the high ...
Regardless of the technicals, FOMC statement has potential for a major swing either way (or both)
  • #1,101,689
  • Apr 5, 2017 1:54am Apr 5, 2017 1:54am
Quoting jusstin911
{quote} I fully agree but with rate that 1.067 was well respected, I mean not even a single 1hr candle closed above it.. 1.0566 is there but to be more conservative, I'd cash out at 1.060 (That's if we go down) then start building LONGS.. I have a feeling the UP will be very fast..
camarilla pivot level,,,,,,the game is played every day 1st time usually a sell off back to the open (frankie fake out ) or if it drops the 1st time to the L3 level is bought for a bounce to the open (such as the gbpusd was ) , once the volume hits ya start watching the weekly cam levels The H3 level on the weekly is just a little above the 712 level then your getting to the weekly pivot etc ,,,heavier resistance levels 712 level is actually the breakout tgt of the daily cams ,,,,,,no breakout as of yet tho
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  • #1,101,690
  • Apr 5, 2017 2:06am Apr 5, 2017 2:06am
Quoting andexQ
Here is what i see: let's take a look at daily chart ..... there we can see expanding triangle (red-lines) which mean fighting is getting hot and more money getting into market from both sides .... hence unless break-out occur i would be cautious coz within this triangle PA might slam into both direction wildly. EU - Daily {image}
Expanding triangle only works over significant time line , 4 days is too short to determine the expanding triangle, its usually an indication of reversal , so it doesn't apply here , because a reversal to bottom is out of question to be frank
  • #1,101,691
  • Apr 5, 2017 2:11am Apr 5, 2017 2:11am
Both swing long and short trade.
Risk comes from not knowing what you're doing.
  • #1,101,692
  • Apr 5, 2017 2:15am Apr 5, 2017 2:15am
Quoting RazorFish
{quote} Expanding triangle only works over significant time line , 4 days is too short to determine the expanding triangle, its usually an indication of reversal , so it doesn't apply here , because a reversal to bottom is out of question to be frank
in my opinion 4 candle is enough .... as long as break-out doesn't occur, it is expanding triangle.
  • #1,101,693
  • Apr 5, 2017 2:20am Apr 5, 2017 2:20am
Quoting jusstin911
{quote} 1.0679 has been a good place to short.. I have been building shorts around that level..
now that projection puts it right at the weekly H3 level,,,,,,,,wont be a strait shot but there is a projection there ,,,I will be happy with 712 with what I got left ,,stps are break even profit taken on a boatload .
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  • #1,101,694
  • Apr 5, 2017 2:20am Apr 5, 2017 2:20am
1.073x / 1.076x & 1.083x are levels that have to be reached

On the downside it reached 1.064x which is the FED rate candle, so time will tell now

I'm a buyer only
COT: The precious data ignored
  • #1,101,695
  • Apr 5, 2017 2:23am Apr 5, 2017 2:23am
Moved my SL on longs to 1.06 67 ...
I will be a seller in BP at 1.24 22 on STOP IF it happens ... SL 1.24 50

That simple . Be on the Alert.
  • #1,101,696
  • Apr 5, 2017 2:26am Apr 5, 2017 2:26am
Nothing new , just following if breaks 1.0701 for 1.0794 + before back down last to try bull again . if fail breaks the first then 1.0600 or 1.0555 to try again but weaken bull at that time . Lets see, take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,101,697
  • Apr 5, 2017 2:27am Apr 5, 2017 2:27am
Quoting andexQ
{quote} in my opinion 4 candle is enough .... as long as break-out doesn't occur, it is expanding triangle.
Whats your opinion , is the triangle still expanding
  • #1,101,698
  • Apr 5, 2017 2:29am Apr 5, 2017 2:29am
Quoting Connors
{quote} You are right Razor it is bullish however all it takes is one red 30M candle and you will be looking at targets below 1.0600. It is FOMC mate. Anyway, will be seeking shorts beginning from 1.07xxs and will try to get out before FOMC. Good luck, your approach and your charts are pretty good. Welcome to the nutter house.
Lol , good stuff mate
  • #1,101,699
  • Apr 5, 2017 2:29am Apr 5, 2017 2:29am
Quoting Jonstaples
...On the fundamental side, this is the mother of whole weeks with Draghi, ISMs, FOMC minutes and the NFP. With all that in mind my plan is enter long @ buy zone 1.0645 down to 1.0642, Stop and reverse @ 1.0635 and enter short @ sell zone 1.0680 up to 1.0685, Stop and reverse @ 1.0685. {image}
Well yesterday made with the long now I will try the short, have a pending order @ 1.0680 and waiting for the price to reverse .

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  • #1,101,700
  • Apr 5, 2017 2:37am Apr 5, 2017 2:37am
Pecuniae obediunt omnia
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