missed the spot by 2pips n bounced.... n journey continues...
2800-2810 is wht i want on it now....
i ve a looner long frm 2744 closed half for 22 pips n half is runnin with s.l at +5 just want 2800 touch....
Gud Luck n
Happy Trading
~ Chaudhry ~
This is inline with what you see...
USing a 15 mins euro and 30 mins USD here..
Expecting USD to show bounces off 10075-78 and euro to possibly range play b.w 2780-2825 for ASIA most likley..
EURO now 2758-60 is expected supp for 2moro esp in EU session..
A close higher to 2780 now require for a bullish move to continue on euro...
It's been fun esp it worked out exactly as planned... though a move higher above 2840 would have been nice prior to the close..
USD 10080 was the mentioned tgt on the 4 hrs it requires to break.. So if it still can close under this 30 mins which mimics the 4 hrs supp as well. then I would expect the retrace on euro to be real shallow and a band in ASIA to be real tightened out to perhaps 2800-2825..
GU as mentioned over the weekend the neckline is still firmly in place at 5942-44....
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...
[QUOTE=SharonSS;1153972]How about adding discipline and patience? One can have a wonderful strategy and awesome money management, but to have the discipline and patience to WAIT for when one's strategy is in play also a key. This from one who knows. [/QUOTE
Hi Sharon - I totally agree with you. You know, I have learned and gained so much since I joined this forum. I have been investing and trading for more than 30 years. I attended numerous courses spending thousands of dollars and joined many forums. None beats this one. The contributors are knowledgeable, helpful and selfless. I especially like the analysts and strategists' views (so many good and talented people). I think this is the place to make money if one does his research well, has good money management skill and some intelligence. Good luck to you and to all. Lets help each and every one who participates in this forum to enrich themselves.
Attention on Wednesday will be focused on EU summit meeting: France and others want to revive the idea of jointly-guaranteed "Eurobonds"; Spain has asked that the role of the ECB be revised; Germany hates both ideas; noises about how Greece must stay in the euro and everybody will help that to happen will be obligatory. But there are also important developments in the Middle East: first round of Egyptian presidential elections (Amr Moussa, former head of Arab League, and Abdel-Moneim Foutou, who split with the Muslim Brotherhood over the degree to which they should politically engage other parties, are expected to advance to the second round; it is a bad sign if someone more Islamist or Nasserite-nationalist slips past either to make it to the top two spots); and the current round of negotiations with Iran move from Teheran, where officials have been meeting quietly with the head of the IAEA since the weekend (no statements released beyond the boilerplate "issues have been discussed frankly and proposals have been suggested toward a resolution"), to Baghdad, where they will meet representatives of nations from the Security Council and the region. It is believed Iran is serious about wanting to avoid the ban on oil sales to Europe which is supposed to come into force June 1; an immediate breakthrough agreement is perhaps too much to hope for, but any positive developments will send crude oil down with implications for all major currencies. While trawling around for Iran news, found this humorous bit on the black market in Barbie dolls, an example of the problems their would-be medieval regime is having with a modernized populace.
Ok, using 30 mins / 4 hrs and 8 hrs the summary is as follow..
once lower to 10077-80 attention will be shifted to the 8 hrs 10055-58 wedge base and initial supp.
then 30 mins kicks in at around 10030-33..
Finally 4 hrs smoother at 10,000...
4 hrs wedge will break out at under 10077-80...
9910-20 is the actual tgt of the break as shown on the 8 hrs and a bounce very likely....
For EURO , the last 2 updates done last nite is still valid....
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...
Ok, using 30 mins / 4 hrs and 8 hrs the summary is as follow..
once lower to 10077-80 attention will be shifted to the 8 hrs 10055-58 wedge base and initial supp.
then 30 mins kicks in at around 10030-33..
Finally 4 hrs smoother at 10,000...
4 hrs wedge will break out at under 10077-80...
9910-20 is the actual tgt of the break as shown on the 8 hrs and a bounce very likely....
For EURO , the last 2 updates done last nite is still valid....
GL..
keep it up mate, love the charts.
i seem to always have similar supp and resis as yours, but sometimes have a difference of 10-30 pips targets........
Got a rising wedge in the making with support of the daily pivot and weekly pivot next the 200MA. i wanted to go long for a swing trade, but my 4 hour chart seems to be finding resis by the monthly S3 turned resis @ 1.2814. a break lower and ill be loading up on shorts with lower support @ 1.2750 we get back up above 1.28 and ill be loading up on longs for the mid term.
thou price is really trying to stay above weekly pivot, which also happens to be the 34ma on the chart below. london session is kicking in real soon, should give me clearer direction....
keep it up mate, love the charts.
i seem to always have similar supp and resis as yours, but sometimes have a difference of 10-30 pips targets........
Got a rising wedge in the making with support of the daily pivot and weekly pivot next the 200MA. i wanted to go long for a swing trade, but my 4 hour chart seems to be finding resis by the monthly S3 turned resis @ 1.2814. a break lower and ill be loading up on shorts with lower support @ 1.2750 we get back up above 1.28 and ill be loading up on longs for the mid term.
thou price is really trying to stay above weekly pivot, which also happens to be the 34ma on the chart below. london session is kicking in real soon, should give me clearer direction....
got my finger ready for both sides.
GL......
EDIT:: shorts out and added longs and GU likely to be getting in on the added as well...
GL...
lol.... Playing both sides as well........ well kinda looking a move closer to 2760 to be done with the last short and hit fresh higher for a move higher to 2850 but posisbly the lows are done as it seems...
I lost all the saved charts and that would be tough to redo them all..
Anyways this 4 hrs is what I have in mind..
USD 30 mins along with it as a kicker.. almsot to the breakout...
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...
It’s today more obvious what levels are interesting for traders and this will hopefully make today’s price action easier to understand.
We can clearly see that price is trading higher and higher as price creates higher and higher lows. The latest low is 1.2780 and as long as we trade above this low price can easily reach 1.2850. In case of breakdown below 1.2780 we will first target yesterday's low which is 1.2720 but as we are in an overall down trend we might slip with further 20 pips and reach 1.27 which is also today's S2 level of the pivot point indicator.
If you can any questions about this scenario or anything else trading related feel free to write to me here on the forum.
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EUR/USD 60 min chart
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I think this correction of downtrend continues until price take 1.29, it was confirmed by moviment of price of last hours. From 1,29 short again, and surf trend
big thanks to jogold18 - thanks to divergence macd on your 30 min and div on my 5min rsi i entered a short to join my aussie short from earlier this morning.
a drop to jan low followed by a bounce to 1.3 as Joel Kruger suggests looks reasonable
good analysis is easy
making money from your analysis is a whole new ball game
Just when I thought it would be a ride where no seat belt required it hits back hard... 2760 kicked in and managed to close GU longs for some gains and re entered 5774 but won't be waiting on it for a move under 5758-60......
Overall looks bearish on GU and won't stick around on euro either below 2752... if have to give must give as less as possible...
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 chaudhry
missed the spot by 2pips n bounced.... n journey continues...
