did a GU 4 hrs layout on GBP section and I have all the reason to belive we be heading lower to the current supp for a 5790 showdown.. IF so euro to 2603 is getting possible as well.. I have taken scalps longs on GU out for a scalp.. not gonna fight this one out .. not when it is going picture perfect...
On the USD front the question is whether it will top off here or whether it will top off the reiss for a more bullish move ...
10141-44 is key for today.. USD is current price action..
GL..
Does anyone else look at the shape/form of the longer term USdollar wave and think it looks perculiar? Sort of B wavey?
did a GU 4 hrs layout on GBP section and I have all the reason to belive we be heading lower to the current supp for a 5790 showdown.. IF so euro to 2603 is getting possible as well.. I have taken scalps longs on GU out for a scalp.. not gonna fight this one out .. not when it is going picture perfect...
On the USD front the question is whether it will top off here or whether it will top off the reiss for a more bullish move ...
10141-44 is key for today.. USD is current price action..
GL..
Man you are good with those lines, there's no joke. Wonderful.
i am waiting for the tricky part for this pair on weekly time frame, the tricky part is weekly closing support is 1.2676 i want to see if prices turn from 1.2677. yes this is my number to be respected 1.2677 not 2681 which is current low. if prices turn exactly from 1.2677 and at the mean time gold respected the current low and should not break 1522 dec 29 low then its bottom for euro for short time
alternate view is if no respect for 2677 my number and comes down then its not a bottom we might see prices below 2650 or 2633 or break of jan 13 low 2624
then we can highly and most likely to expect bounce from one of these two numbers 2633/2613
good luck all
and this is very well said
"Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank."
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...
Man you are good with those lines, there's no joke. Wonderful.
YEa, I keep tellin myself I got lucky once again...
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...
Here my map as well on weekly
As u see there is a good support here , but while below 1.2875/80 i still see a test to 1.2550 before a real reversal may happend .
Only a direct break above 1.2875 would help to reach 1.3050 ( unlikely before we test 1.2550)
Also i have added Dollar index , lets see what will happend .
Good luck
Last edited by MOZI32; 05-16-2012 at 07:51 AM.
Reason: charts
Here my map as well on weekly
As u see there is a good support here , but while below 1.2875/80 i still see a test to 1.2550 before a real reversal may happend .
Only a direct break above 1.2875 would help to reach 1.3050 ( unlikely before we test 1.2550)
Good luck
Mozi, how did you get your 2550 number? I run a range model with this year's yearly range low at 12545 (could be extended to 2299), which I'd expected the January low to reach and hold above there but it stopped at 70+ odd pips above that. If we are now going down there and can hold above, then it will be very bullish for Euro.
Here my map as well on weekly
As u see there is a good support here , but while below 1.2875/80 i still see a test to 1.2550 before a real reversal may happend .
Only a direct break above 1.2875 would help to reach 1.3050 ( unlikely before we test 1.2550)
Good luck
Nice charts. I'll be covering my longs again around 1.2800 ish, if we get follow through here. Then a drop would be most welcome!
Here my map as well on weekly
As u see there is a good support here , but while below 1.2875/80 i still see a test to 1.2550 before a real reversal may happend .
Only a direct break above 1.2875 would help to reach 1.3050 ( unlikely before we test 1.2550)
Good luck
When I did my MAP I recalled same level you're seing and that alignes well with everything and therefore I anticipate fifth wave to END there. Nice spotting.
My range model is almost there - 1.2594, but currently holding in the bullish side of the current timesquare (blue box). This also coincides with my 2 day Hull MA price envelope (exactly) which sits right at that square edge at the moment.
The thick dividing blue line could likely become the trend/resistance line for fourth wave plays - would love to see something complex and long now to range trade the hell out of it and bring my longs down in price (selling spikes as cover and and banking at the blue line). This would hold as my play as long as the pink 2 day Hull stays pink (for sell), even if price moved above. If it turns gold for up, then time to stop covering my longs!
Mozi, how did you get your 2550 number? I run a range model with this year's yearly range low at 12545 (could be extended to 2299), which I'd expected the January low to reach and hold above there but it stopped at 70+ odd pips above that. If we are now going down there and can hold above, then it will be very bullish for Euro.
it s my 2.618 for the last (1 & 2 ) move break and 78.6% (1.19-1.49) and previous bottom 1.2620 so i round them at 1.2550 .( Also the triangle break target )
of Course at some point we could turn very bulish , but we need some confirmation otherwise it should be down till 1.2100 it s my next level if we continue through 1.2500
My range model is almost there - 1.2594, but currently holding in the bullish side of the current timesquare (blue box). This also coincides with my 2 day Hull MA price envelope (exactly) which sits right at that square edge at the moment.
The thick dividing blue line could likely become the trend/resistance line for fourth wave plays - would love to see something complex and long now to range trade the hell out of it and bring my longs down in price (selling spikes as cover and and banking at the blue line). This would hold as my play as long as the pink 2 day Hull stays pink (for sell), even if price moved above. If it turns gold for up, then time to stop covering my longs!
Don't know on EW but I have a possible tgt of 2599-2603 agaisnt the 2742 hold...
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...
Don't know on EW but I have a possible tgt of 2599-2603 agaisnt the 2742 hold...
GL..
This is Gann saquares and regression analysis but all based on price action, so no wonder we are all somewhere in the same place. I am very very wary of upside bullets, so keeping longs in play as main game plan and covering when market does not want to believe me!!
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Originally Posted by stryker
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