The nightmare on the EU front came true and reluctant Greece is playing a havoc on all fronts.. One gotta say it out, was it worth it...
Moreover, when this all started 2-3 yrs back how-come no one factored in the chances of a Greece actually heading out of the EU..
IF this has to happen would have been nicer it was done yrs back as we wouldn't have been trading pairs under the shadows of dark clouds.. Gold a shiner as usual and a failure to close above 1547 was enuf to throw in the weight for a slide lower.. 1507 if hits out today, I would be golden.......... It would be a big setup nailed to the last pip...
SNP under 1333 was to remain pressure and I'm not sure but next round of supp don't kick in till around 1280-83 on it.. hence there is a bounce coming on it from somewhere in the middle and nevertheless price needs to close a day above 1350 for it to actually come out of the shallow waters........
For EURO 2742 yesterday was the mark as a tgt achieved of the blue dotted break earlier..
forcefully pointing out then 2599 seems to be the next lvl where euro looks to be heading, but I'm not interested in this pair..
Like to see gold hitting lower to 1510-12 for today for I'm holding shorts on it..
On the other front DJ longs got hit on re entry longs but not b4 i get to scalp some for minor gains.
AUD / GU longs off the mentioned lower bases were picked up where by resulted in a very small scalp out.. AUD for 11 and GU for +2 as price came lower back ..
EJ still long 102.05 and Geppy longs 128.23 only loners on them as i scalped out the remaining.. Not going to be taking any new positions for the rest of the day unless until I see 1508-10 on gold..
GL..
for gold my alternate EW count should end at 1529 or between 1529 and 1508. the alternate count is leading contracting diagonal since the sep 6 highs, the depth is maximum 1508.
for gold my alternate EW count should end at 1529 or between 1529 and 1508. the alternate count is leading contracting diagonal since the sep 6 highs, the depth is maximum 1508.
gl
I think there is problem to opening the GOLD thread and I posted my last week weekly chart pointing out that 1525-26 is a decent supp as well.. I'm just gonna repost it here as well...
GL...
EDIT:: Also I'm watching this 30 mins and 1541 failure is to set back the shorts for me..
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...
GU was as expected and hit it nicely.. gonna cash out 1 on each now and did some profit taking earlier as well..
This once again turning out nicely since hitted gold almsot to the max earlier and some nice 30 odd pips on EJ and smaller ones on geppy longs..
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...
GU was as expected and hit it nicely.. gonna cash out 1 on each now and did some profit taking earlier as well..
This once again turning out nicely since hitted gold almsot to the max earlier and some nice 30 odd pips on EJ and smaller ones on geppy longs..
GU almost to my 5888..... Picture perfect....
GL...
Scalps longs in off 5888 as well.. only for scalps as i now think that was indeed the neck and more down to come on it...
This to me is down hill so will try to re enter shorts off 5940-44 region..
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...
Nice Stryker, good job,
Very nice day here as well UP and DOWN, UP and DOWN.
Disclaimer:
Please don't place trades based on indicators you see on this chart, as I use more indicators and more timeframes for my entries and exits.
EUR/USD: The market has finally cleared some key support by 1.3000 and the break opens the door for deeper setbacks over the coming days towards the 2012 lows from January at 1.2620. However, short-term technical studies will need to unwind from oversold readings before we are to see any extended declines below 1.3000, and we recommend looking to sell into rallies into the 1.3000-1.3100 where a fresh lower top is now sought. Look for a potential bounce by the 78.6% fib retrace off of the yearly low-high move which comes in by 1.2800. Ultimately, only back above 1.3300 would delay.
Nice Stryker, good job,
Very nice day here as well UP and DOWN, UP and DOWN.
Disclaimer:
Please don't place trades based on indicators you see on this chart, as I use more indicators and more timeframes for my entries and exits.
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..
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...
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...
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Originally Posted by stryker 
