EURUSD

[beast_master]

hehe.patent na tlga to. anyway, i closed them altogether manually. Just took in that hefty 20 pips and call it a day. I will look to short this at higher level. prolly next week.

tama ka jan pards, napansin ko na yang channel na yan. it luks like an inverted flag though when viewed on a higher TF. more charts coming next week.

[yeahbah]

Baka maging failed inverted flag ang kalabasan kapag lumagpas ng channel.

short na ba natin sa 1.47?

[beast_master]

Here's something to think about:

sell entry order at 1.4490
stop: 1.4540
Target: 1.43
Trailing stop 50 pip movements

Words of caution: This is a very speculative trade. Trade t your own risk.

[beast_master]

^ The spot is still untouched so I'm cancelling the trade. That was a false alarm. Though I am still ultra bearish on this one.

NFP induced movements when opposite the trend lasts only 1-2 days then traders come back to their senses to resume trend. So I am speculating that reversal to the downside is just around the corner. A spot I am looking at is the 1.4580-14620 zone. Aside from being a 36.8% fib, there were 3 occasions that this was a support level. But my favorite of all is a more logical spot to short at 1.4680-1.47 zone, a 50% fib and has a long line of support and resistance history.

[yeahbah]

Nice observation mr. halimaw master he he I'll observe the price action once it hits the 50% fib retracement. If that level fails, there's a good chance that my sell short price will get hit which between 78.6% and 88.6%.

[pipoy]

Short kayo..
ako naman Long..

[beast_master]

^ Well yeah, short term long positions are ok for now. In the absence of USD moving Fundamental announcements today, I don't see any event risk right now.

[hunter]

Happy New Year po! ^_^

tanung ko lang po, is it possible that EU would go up and hit that support-resistance line? it seems to be solid with 50MA and 100MA also positioned there.

With the NFP coming out a bit off expectations, euro seems to have a better chance. ECB chief says that recovery seems to be quite solid in euro, which i don't really believe, with Greece, Spain, and the likes in trouble..

my take is long until price action gets back to sup-res line, 50ma, and 100ma, 1.4600. Then short till kingdom come! or just up to 1.4410 ("moderate your greed"~Master Bonner).

looks like master yeahbah's idol rob is right all along?

[yeahbah]

Channel breakdown, downside target at 1.3770

eurusd.gif (83.62 KiB) Viewed 81 times

[yeahbah]

Happy New Year po! ^_^

tanung ko lang po, is it possible that EU would go up and hit that support-resistance line? it seems to be solid with 50MA and 100MA also positioned there.

With the NFP coming out a bit off expectations, euro seems to have a better chance. ECB chief says that recovery seems to be quite solid in euro, which i don't really believe, with Greece, Spain, and the likes in trouble..

my take is long until price action gets back to sup-res line, 50ma, and 100ma, 1.4600. Then short till kingdom come! or just up to 1.4410 ("moderate your greed"~Master Bonner).

looks like master yeahbah's idol rob is right all along?

Pards mukhang right-on on hindsight itong 1.46 mo ah. Na short mo ba?