This is an attempt to show that things can be as messy as one wants it to be else they are as streamline and simpler as one wants it to be..
Few steps and few patterns and some good luck combine together can help one see things perhaps clearer and or to get away from a messy situation with minimal losses..
EURO on 8 hrs with one chart of USD ( Makes me wonder if I'm trading USD as the past 1-2 weeks all the indication on euro and other pairs I have been getting is all thanks to the USD) that shows it is still possibly be topping out soon..
Lvl wise USD 9937-39 and upto 9955 to hold out..
EURO 3060-63 to hold out..
The rest pretty much within the doc file for it shows all the breakdown done on the 8 hrs charts..
Almost a story telling that started from 4-6 weeks back ( all these you can find on my previous posts on these forums) and upto the current and what to expect from here onwards atleast upto next 1-2 weeks...
Bigger story is that we still within the range of 1.3000-3280.............
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...
Here is a modified 8 hrs on the USD which now I prefer as compared to the one posted on the doc file..
Plus added a DX index future as well..
9940-43 now resis as compared to 9937 but still 9955 top and imp lvl whereby break here sets USD free for a higher move...
therefore going forward would be expecting 3060-63 holding and a move back higher..
Indices soon to rise as well and FX and comm along with it..
These are just my view and my only bias is to make money.. Apart form dying to see a range break for a bigger moves to come, I at the present can care less if euro goes higher or lower... For all I know this is heading for a 2870 move but till that is happening, I to stick to my guns...
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...
@stryker ~ Thank you for your recent post! It is an excellent detailed summary and was quite helpful. I trade the 3X ETFs and this fits nicely into the work I'm doing. It's great to watch you work your charts. If you are interested in the S&P and Russell 2000 charts, then perhaps I can contribute in the future. I don't want to presume and muck up your thread.
With poor U.S. job news on Friday-and not much movement-and elections in France and Greece over the weekend...could we see a gap downward for EUR/USD when Asian market opens?
With poor U.S. job news on Friday-and not much movement-and elections in France and Greece over the weekend...could we see a gap downward for EUR/USD when Asian market opens?
a free fall until we have a greece government which is in line with EU politics otherwise (government which is not in line with EU politics) the free fall will continue...
@stryker ~ Thank you for your recent post! It is an excellent detailed summary and was quite helpful. I trade the 3X ETFs and this fits nicely into the work I'm doing. It's great to watch you work your charts. If you are interested in the S&P and Russell 2000 charts, then perhaps I can contribute in the future. I don't want to presume and muck up your thread.
thnx.... Appreciate it...
I have been very active on indices esp SPX and DJ... Had a detailed layout done on them and was short DJ 13289 cashed out Friday rt around the lows...
13000-15 was the tgt with extended running down to 12920ish...
you can chk em out at : http://forexforums.dailyfx.com/globa...ml#post1136421
then scroll few weeks back and you can see I was to short 1424 as it been a possible temp short for a corrective move down to 1347-48 which now has gone higher to 1351-53.....
you can chk out gold and at times silver on the GOLD N SILVER thread and when in the mood I be doing a lil on GU on the GBP thread....
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...
thnx.... Appreciate it...
I have been very active on indices esp SPX and DJ... Had a detailed layout done on them and was short DJ 13289 cashed out Friday rt around the lows...
13000-15 was the tgt with extended running down to 12920ish...
you can chk em out at : http://forexforums.dailyfx.com/globa...ml#post1136421
then scroll few weeks back and you can see I was to short 1424 as it been a possible temp short for a corrective move down to 1347-48 which now has gone higher to 1351-53.....
you can chk out gold and at times silver on the GOLD N SILVER thread and when in the mood I be doing a lil on GU on the GBP thread....
GL....
Great! I'll take a look at the other board too. I too was short the Russell 2000 Friday and closed that position. I tend to day trade and swing trade. Nothing held too long.
How anyone is long here is beyond me. This has played out perfectly in according to the 4 hour rising wedge. The only way in heck I would get long here is if that Daily Descending trendline that happens to also be the top of the BBand is broken and I catch it on a retouch. Otherwise Ill remain short. Also people please take a look at the EJ daily. A HnS might be in play. We will see once the neckline breaks... good day all!
AUD is on a crossroad where it was able to break higher only to falter and move back within the bear channel..
Nevertheless, the scenario on AUD is very bearish and unless until USD decides it really wants to go kaput, I see AUD slipping to parity..
Currently where USD is stuck around to its 9940-42 resis as a greater possibility, AUD possibly can show a lift off around from 10150-55 for a move not extending higher to 10270ish.. This 10270ish is ideal for selling as of now and as long as prices under to it prefer a move to parity for buybacks..
Weekly pointing to 9995-1000 and hence rallies around to 10270ish are expected to sell hard for a stab lower..
GL...
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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Originally Posted by ericwong 
