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02-05-2013, 09:53 AM #24136
Im short EurUsd @ 1,35544
Originally Posted by Gregory McLeod
02-05-2013, 09:55 AM #24137
1.3575 is the most important level right now just ahead of the ISM report
The trend is bearish blow this level but will turn bullish on a break. My personal take is that we will not break this level today - rather we will have a lower high to work with tomorrow
1 hr time frame
02-05-2013, 10:00 AM #24138
long 1.3515 ,will be short trade
02-05-2013, 10:02 AM #24139
US January ISM non-manufacturing prints at 55.2 vs expected 55 - this is neither bullish or bearish - I just would stick to the main technical key levels.
02-05-2013, 10:05 AM #24140
quick 60 pips, 1.3550 out
02-05-2013, 10:12 AM #24141
I agree with you Alejandro.
Adding to my $eurusd long before ISM Non-Manufacturing PMI numbers; targets remain R2 and 2.272
02-05-2013, 10:13 AM #24142
I'm long EU/USD, and long EJ
Originally Posted by Jens.Niklaus
02-05-2013, 10:24 AM #24143
As EURUSD is having mixed feelings in the US session, I cashed out 50%. Still short at 1.3555
- 4H ADX showing some signs of bearish trend weakness.
- 4H RSI showing mixed feelings. I will wait until the next 4H RSI close, if it doesn't show a strong break down through the 50 RSI line, I am out, and will wait for tomorrow EU session for a better entry.
A double-top MAYBE forming on the 30min chart:
02-05-2013, 10:27 AM #24144
Yet in my world this means - add to long but at a better price tomorrow after we get a break remember that we do not tend to get breakouts at this time of the day.
Originally Posted by Gnarly
02-05-2013, 10:29 AM #24145
Shorted EUR USD, looking for a take profit at 1.34 . Stop is at 1.36
I cannot be held liable for any trading losses for traders who follow my Expert predictions.
02-05-2013, 10:33 AM #24146
Correct, adding here was based on news not BO. It will be hard to get one now, I will ride it though.
Originally Posted by Alejandro Zambrano
02-05-2013, 10:37 AM #24147
I wait an h1 close around 3520, then maybe long..
02-05-2013, 10:37 AM #24148
Three questions Alejandro, if you don't mind:
Originally Posted by Alejandro Zambrano
Q1: What are the times of the day that usually get the highest probability of getting/having breakouts?
Q2: When you say a breakout, does that refer to passing the S/R level and closing above/below it, or as long as price goes above/below it it is considered a break, even if it closes below it? And is this confined to certain time frames? Because I think shorter time frame breakouts tend to fade.
Q3: What are the best time frames to look at breakouts?
02-05-2013, 10:47 AM #24149
meanwhile on the 5min chart
possible h&s forming
02-05-2013, 10:57 AM #24150
The thing about HS is that it´s a reversal pattern not a continuation; on the 15M chart we are on a downtrend so in this case the valid pattern would be an inverted HS.
Originally Posted by jimmy highwire
I might be wrong but I wouldn´t trade it short. Still long for the time being.
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