PRICE ACTION

PRICE ACTION

piątek, 3 sierpnia 2012

Imagine H&S on H4 and remember they are trend reversal formations as much as they are strong trend continuation formations. My POIs are all on the chart. Watch for NFP, and if possible scalp some pips after the report.
BTW yesterday trades: 1.2147 long = +30 pips, and 1.2139 long = +12 pips.
Mistakes: missed 1.2297 short entry, and 1.2217 after ECB.

czwartek, 2 sierpnia 2012

My anticipated moves on EURUSD.
You can notice some kind of flag forming on H1.
Key levels for me are 1.2165, 1.2330 and 1.2390.
On 1.2216 we've had Fibo 50% retracement.
I do expect high volatility around Draghi speech and will stay on sidelines during that period.

czwartek, 26 lipca 2012

 M15 - quick short

 Possible entry on M5 - Long (I was waiting for 1.2107) 1.2122 was beautiful to enter though
Then waiting for 1.2227 - got some respect @ 1.2223 - not enough, but it did let you enter long position there.
1.2325 - no question - easy pips
Last photo - possible head and shoulders (double) - Why not?

środa, 25 lipca 2012

I missed couple occasions on very short term trades , as EURUSD was bouncing back of SR levels deeply on it's way up. Very nice play of 1.2165 level - blue rectangle on the chart represents volatility zone between 1.2160-80 - additionally rising trendline got hit (of possible broadering formation).
I'm waiting for one of scenarios from the pic above, and will take those levels depending on price action around them.
Next zone of interest on the upside is 1.2210-1.2230, and on the downside is level 1.2070 and 1.2040.



wtorek, 24 lipca 2012

EURUSD M15
Waiting for some more meaningful price action
There is bullish flag forming on M15-M30, so if it doesn't fail I can see us going to 1.2160-75, then bounce, and then gotta watch PA to see what is happening.

piątek, 20 lipca 2012

It' Friday, so I'm just watching EURUSD.
Unless I see something beautiful I'm gonna pass on trading today.
Long term strategy - quite flustrating - been up 100 pips like 4 times, now waiting for reaction as we consolidating in something like triangle and still can go up or down.
It is the moment when a lot of participants may give up - and we'll see the move.
Still Friday is unpredictable and stoploss hunting day, so need to be very careful.
Short and Mid term trading did ok this week, so that helps to kill flustration from Long term strategy results, and keeps my brain healthy.

wtorek, 17 lipca 2012

This is how I see EURUSD in next couple of days.
Depending on PA around 1.2150 we might see further drop to 1.18, or just stoploss cleaning and a sharp move towards 1.25, but for this kind of move we do usually need some big fundamental catalist.
On the other side 1.2363-1.2407 should be interesting zone to watch as it will be a good value area for Shorts to join the downtrend.