View Poll Results: What impact will the ECB Rate Decision have on the Euro?
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01-10-2011, 03:47 AM #51691
Excuse me Bari, is this ur target ? seems a little too close or are u goin to add more lots if it goes thru 2866
Originally Posted by Bari Baig
i shorted eur usd 2 lots, but closed for now, and gbp/usd from 1.5533
daily S/R levels on eur/usd seem kinda close to each other today, s1s2
Last edited by Screwdriverr; 01-10-2011 at 03:52 AM.
01-10-2011, 03:54 AM #51692
My target you ask Screwdriver well that is firmly in place of 1.25 and then 1.18s however, I tend to scalp and not waste pips when market is range bound, only makes sense, don't you think?
Originally Posted by Screwdriverr
If you'd like to view my target you're most welcome to read my article [How long will Euros life support work] link Marketprojections.net :: News Letter
PS: if we break the low we'd head lower to 2746s
Last edited by Bari Baig; 01-10-2011 at 03:57 AM.
01-10-2011, 03:56 AM #51693
01-10-2011, 04:07 AM #51694
i also believe we will chop back and forth for a while.
I also have a little bias for a higher topside than we've seen also here maybe 12940 maybe 12950. like bari said once the low breaks it will continue downward without the chopping.
Last edited by Spartan_Forex; 01-10-2011 at 04:12 AM.
01-10-2011, 04:10 AM #51695
My model goes wary if we breaks over 2915s this time and it could potentially side the Longs but until the price doesn't break, I sit tight
And you're most welcome Screwdriver
01-10-2011, 04:20 AM #51696
EURUSD 60 min.
01-10-2011, 04:22 AM #51697
scratch my topside bias these bands are tightening now. this will probably be my last scalp for the morning.
01-10-2011, 04:23 AM #51698
CAREFULL AS SHE GOES.....
1min,5min and 10 min charts all showing triangle formations that are getting tighter.... if scalping then be aware of break up or down......ALSO look for a 3rd touch of the bottom to see if this holds.....if not......could have a small spring up ..
Take your profits or the market will take it from you....
01-10-2011, 04:24 AM #51699
covered on that last little push there at 12887 could go lower but it seems like the range is getting smaller to me
Last edited by Spartan_Forex; 01-10-2011 at 04:28 AM.
01-10-2011, 04:26 AM #51700
correct i always play the 3rd attempt at resistance for the break, so my next short position i will let run to either break the bottom out or get stopped at breakeven.
Originally Posted by cw1
01-10-2011, 04:28 AM #51701
nice been scalping all morning. flat waiting for breakout. good job
01-10-2011, 04:33 AM #51702
I will take your bias
Up Up and away 5 min chart
01-10-2011, 04:37 AM #51703
my gut says up : been down this road before,waiting for signal. ( or drop & pop )
Last edited by nopainnogain; 01-10-2011 at 04:48 AM.
01-10-2011, 04:45 AM #51704
My models are still bearish and I see a rectangle on the chart 15 m TF. As said earlier until we don't break 2915-2922s short is what I side and sit patiently on my position.
Originally Posted by Bari Baig
01-10-2011, 04:52 AM #51705
In case 4 hrs opens above 2916... possible tgt 1.3000 not ruling out....
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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