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pedro319 replied Jul 24, 2014GBPUSD Very good level for longs .447 Ret Daily + Monthly pivot, awaiting reversal candle or candlestick pattern to get in. It could touch the 50% still.
EURUSD
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pedro319 replied Jul 24, 2014Looks like it's going higher in the form of ABCD if you look at 4 hours chart.
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pedro319 replied Jul 24, 2014EURUSD Looking to short at 1.3505/10, would be nice area, next target is 1.3390, 1.618 Ext Daily chart and target of double top daily.
EURUSD
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pedro319 replied Jul 23, 2014This is not the type of action I would expect in a reversal, however we could get at least an harmonic swing pointing to 1.3513, if we pass then I will be looking at weekly pivot and Weekly R1. This PA looks very heavy now so I will close all longs ...
EURUSD
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pedro319 replied Jul 23, 2014This position is losing at the moment, price broke 61.8 however the pattern could still work and the R:R is great. My last level will be 78.6 from which I will close any short.
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pedro319 replied Jul 23, 2014AUSUSD Sold in this region. Will close when the 61.8 Daily is broken, this is 3 bearish drives as well. Cheers.
EURUSD
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pedro319 replied Jul 22, 2014EURUSD Good confluence at 1.3460, 1.27 Ext Daily chart + Weekly S1 could even become a reversal point. Will buy from there down to 1.618 Ext Daily and will close for loss if we break it.
EURUSD
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pedro319 replied Jul 22, 2014GOLD Price did indeed turn down from this region, not exactly where I expected but right in between the levels specified .707 Retracement.
We have reached 61.8 on 4 hours chart and the next candlestick holds the direction for next 12 hours or so. ...EURUSD
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pedro319 replied Jul 21, 2014EURUSD Support at 1.3497 for the day. Currently trying to pass .618 Ret 1 hour chart.
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pedro319 replied Jul 21, 2014GOLD approaching another sell zone, looking for rejection at .618 or .786 Ret 1 hour chart.
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pedro319 replied Jul 20, 2014EURUSD Technical: I haven't been analyzing this pair as much as I should mainly because I have been busy with other instruments. So what do I see? I see bullish patterns 4 hours and Daily chart (bflies), the first should see retracement right from ...
EURUSD
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pedro319 replied Jul 19, 2014I don't disregard MM at all, I actually see it as being more or so important than the technical analysis itself. My point here was merely technical though. Thank you.
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pedro319 replied Jul 19, 2014People confuse trends with direction, the latter overrules the former! That was the purpose in sharing these thoughts.
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pedro319 replied Jul 19, 2014The only point is? Where do you enter with the best possible R:R to join the next move in the respective time frame. I am pretty sure that will help most people. May be I didn't explain myself properly. I already know most traders know there are ...
EURUSD
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pedro319 replied Jul 19, 2014Trend or direction? Today I am writing this article, aiming mostly at people with less experience in the market which doesn't mean that everyone else should just ignore it, in fact I would like you to give some feedback on something that I consider ...
EURUSD
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pedro319 replied Jul 18, 2014Very important levels from here: 1.3470 is 1.27 extension Daily chart + yearly pivot point + trend reversal higher time frames.
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pedro319 replied Jul 18, 2014GBPUSD Good setup Bullish engulfing 4 hours + .786 ret + weekly S1
EURUSD