EUR/USD (GENERAL)

tonyo524 wrote:

PipChick wrote:This is my monthly chart with the upper bull flag TL coming in around the 4359 (I think tonyo mentioned that)area. Thats the area (if we make it there) where we need to be very careful.But according the my AB=CD strategy,it is a possibility to test that upper Bull Flag TL.

No that was Clue who had that area on his radar.

Ok

PTL - 1Min & 5Min Fib levels attached to give you an idea of PA around levels.. Maybe this is nothing new. Just something i'm using. I'm always on guard at 61.8 levels for a short

Let me know if pic quality is ok. What is best way to upload. I choose to host on server but quality is reduced i think

pipper wrote:PTL - 1Min & 5Min Fib levels attached to give you an idea of PA around levels.. Maybe this is nothing new. Just something i'm using. I'm always on guard at 61.8 levels for a short

Broken triangle on 5min

Good morning pip, interesting levels. I would like to take a closer look and share some ideas with you. I am a just going out to run some errands will be back for London. BTW pic quality is so-so. I cant seem to zoom in for the detail. Dont know if thats a problem on my end, or that the free server allows less detail, will have to test it out a bit more. Will talk later buddy. Good luck, PTL...

Morning PTL. Maybe you can PM your email address and i'll send them.. I have an excel sheet made up that i can send too. Could get Hatch to take a look too as he's into levels also.

PayTheLimit wrote:Good morning pip, interesting levels. I would like to take a closer look and share some ideas with you. I am a just going out to run some errands will be back for London. BTW pic quality is so-so. I cant seem to zoom in for the detail. Dont know if thats a problem on my end, or that the free server allows less detail, will have to test it out a bit more. Will talk later buddy. Good luck, PTL...

nice chart analisis pipper..........
the chart on the bothom is bether........quality that is.......

Thanks Chonchy. Good to see you around friend. Think i figured out how to post smaller thumbnail images. I reduced the image also in photoshop

chonchy wrote:nice chart analisis pipper..........
the chart on the bothom is bether........quality that is.......

good morning again...

PayTheLimit wrote:good morning again...

Morning mate....Euro in ugly levels for todays London open....too high to go long and too low to go short intraday...If daily R break holds today (I doubt) we'll see 1.432x before ECB conference. Crap action expected intraday until the announcement.

sisse

I've taken a small short here @ 4221. Will monitor it closely and it may be just a scalp, but I think 4175 is on the radar.

GM Sisse, hope you had a good weekend. I'm eyeing 4256ish for a breakout to the upside, dont know if I'll take it though. Below...4181ish off the daily is an area I'll watch, and 4140/60 area also on my radar. Right now just looking to buy..good luck this week, PTL....

PayTheLimit wrote:GM Sisse, hope you had a good weekend. I'm eyeing 4256ish for a breakout to the upside, dont know if I'll take it though. Below...4181ish off the daily is an area I'll watch, and 4140/60 area also on my radar. Right now just looking to buy..good luck this week, PTL....

The daily breakout in my books already occurred last friday on the close above daily R 1.422x. 1,416x will be nice but it may may never happen and daily is in trendy mode again aligned with H4 but yeah agree there is not much worth to the short side in this pair given the r:r in a broken resistance (the "natural" stop for shorts is already below the current price).... GU and CHF pairs / crosses have a better picture intraday today.

sisse

yea looks sloppy overall, might just stay on the sideliness all day, well see...

Added a second smaller short @ 4207.

Good luck with those shorts M. Still flat over here, would like to see a test of some lower levels for a place to get long, PTL...

Mikey wrote:Added a second smaller short @ 4207.

Hi Mikey, may I ask why you added here? I'm 15 pips short of exiting my earlier short from Asia.

Just woke up, had no look at levels, but Daily Pivot should provide some support, or don't you think so?

4186.5 is an upper mofu, while 4175.6 is the mid to 4083.3. If I added, it would definitely below 4180, on a retest and rejection.

Thanks PTL. I'm out now for a combined +20, so happy enough. Am with you on a potential long. The 15m fibo levels have changed since last night now and I am seeing the 382 at 4187 and the 50 at 4162. I'll certainly be looking for a long later today. Currency meter is strongly in favour of USD right now though, so I want to see that change first.

Nice trade...4181 I have off my daily, would like to see a probe below...but in no hurry to do anything just yet...

Mr Hatch wrote:

Mikey wrote:Added a second smaller short @ 4207.

Hi Mikey, may I ask why you added here? I'm 15 pips short of exiting my earlier short from Asia.

Just woke up, had no look at levels, but Daily Pivot should provide some support, or don't you think so?

4186.5 is an upper mofu, while 4175.6 is the mid to 4083.3. If I added, it would definitely below 4180, on a retest and rejection.

Nothing too scientific i'm afraid...
The first bearish test of 42 was rejected, but there was a large volume downbar taking price below 4209. This tells me bears are determined to see lower prices. The subsequent rejection of 42 brought price back up and I took a chance we wouldn't break back above 4209.
I also have fibo levels of 4187 and 4162 to watch out for possible reversals.

thanks, I'm always cautious of those high vol bars. right now, it dropped even further on low vol... alarm bells are ringing here.

btw, is that a Lakewood?

Mr Hatch wrote:thanks, I'm always cautious of those high vol bars. right now, it dropped even further on low vol... alarm bells are ringing here.

btw, is that a Lakewood?

Yea, i'm with ya on the high volume bars as they typically signify reversal or stopping volume, but the one I mentioned was high because sellers needed to push price through the mini-support.
It's a Takamine; lovely tone, nice to play, but the built in pickup isn't great. Need to get a new pizo or something.

EU m15 chart: Bull flag. I think longs are in play as long as thebull flag is respected. A 15 min close below the LTL will most likely cause a lower dip to the 50 or 61.8 fib.

M15 chart with ABC coupled with a bull flag. As long as 4191 holds, the ab=cd target is 4398.

on approach to an interesting area for me...might yield a trade depending on PA...