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- RsX replied May 21, 2013
For today, topped at 2916-2924 on my trigger chart (5min), threw spikes into 2930+ a bit - but, looking at the inside the original 2940-60 area as a stronger magnet with more influence currently... so last leg into that area should be in order, ...
EURUSD
- RsX replied May 21, 2013
Ditch the "feel", follow the structure, SP..... No offense, it's of course great that you have deep pockets and are able to hold deep in the red based on "feel" or personal expectations... but in my view, that's not trading, it's more like gambling ...
EURUSD
- RsX replied May 21, 2013
Closed above 2873 (on 5min chart) -> stalled -> smashed to 2900+. No chance for long re-entry, those *bleep*ers. Earliest is 2916-2924 for some intraday resistance, but overall it's good to go into 2940-60 now...
EURUSD
- RsX replied May 21, 2013
I'm looking for a similar thing, but not yet - not until the very end of a multi-week 5-wave structure... Which, by my analysis, has not cooked up yet as I'm looking at a possible 3rd wave of the current downtrend (off 3242 high) - thus, a viable ...
EURUSD
- RsX replied May 21, 2013
If you had a trade plan and traded your plan, with your target profit being +40 pips (2820->2780) - why did you let the position turn -70 pips red ? Learn about risk control, stop loss orders and money management. Research on the concept of ...
EURUSD
- RsX replied May 21, 2013
Hit 2850 again -> setup failed. Way too rangebound intraday. If anything, then bearish now up until 2868-2873 zone breaks again.
EURUSD
- RsX replied May 21, 2013
Looking for another push (5th smaller leg) up to 2878-80, then down to 2865-67 for the re-entry long.. Back under 2853 would void the setup.
EURUSD
- RsX replied May 21, 2013
I'm seeing 1st confirmed long opportunity @ 2865-2870 zone, upon its break & PB - requires SL 2852 or lower.
EURUSD
- RsX replied May 21, 2013
Update of previous post .. pos stopped out BE+2, peaked +60p @ 2904 high. Well, they reversed yesterday's 5th leg completely, afterall. Observing the hourly behaviour in regards to 2940-60 now... as long as it holds, still looking for 2nd impulse to ...
EURUSD
- RsX replied May 21, 2013
Updated analysis of anchor chart (hourly) attached.. 2899-2903 provided triple resistance, completing the 5-wave move. Despite the resistance, they've now held price above ~2850, recently printed a slight LL and rejected it sharply. So pulling a ...
EURUSD
- RsX replied May 20, 2013
Intraday 5-wave structure, off the 2796 low, now possibly in completion - sweet spot for day's peak @ 2899-2903.. Last 3 hourys have closed nicely 2970+, so plenty of confirmation.. However - the symmetrical 5-wave is ominous in respect for upside ...
EURUSD
- RsX replied May 20, 2013
Looks as if it completed the multiday 5-wave, even though did not quite tag 2765-2780 zone.. but now back above 2840-60 and holding the pullback... L 2844 SL 2829 TP 2946 confirmation upon hourly close 2870+..
EURUSD
- RsX replied May 17, 2013
Looks solid, fontu.. nice input. Wish you a great weekend, too. Looks like we're seeing pretty much the same things.. I have a very similar main scenario constructed, myself.. myriad of factors coming together down there, so will be interesting to ...
EURUSD
- RsX replied May 17, 2013
For next week, a few points from my plan... currently looking at 1st serious confluence coming together inside 2766-82 zone on hourly... they'll want to take em there prior to any serious upside. From 2840-60, there's nice odds for that one more ...
EURUSD
- RsX replied May 16, 2013
Just seems a bit too deep of a retrace... but, true - opinions set aside, technically solid area.. psychologically plenty of max pain there as well. So will keep in mind... thanks Hatch, your input on that is very appreciated.
EURUSD
- RsX replied May 16, 2013
I wouldn't short prestaged at that level anymore, even though there's a few things going on inside that 3081-3105 area, by my analysis as well... but imo it shouldn't get that high, has fair chances to squeeze way higher if does. For now I'd say ...
EURUSD
- RsX replied May 16, 2013
Update... breakout confirmed DB. Intermediate res here @ 2918-2921.... next up TL break & ~2950 today intraday... looking for 2980-3000 by tomorrow latest. image
EURUSD
- RsX replied May 16, 2013
if you base your TL off 3 prior points at minimum, you'll be awaiting the 4th test, which, more often than not fails - T/L's too obvious to the herd by then... so then it's better for reversals, not trend continuations.
EURUSD