Published on Friday September 3rd, 2010 at 12:26PM by dudleymuggins
The Euro is approaching Supply, just at the same time that the Dollar index is approaching demand. Possible reversal for the Euro on Sunday night. Nb, a divergence is forming on the CCI divergence indi so gives this trade more probability.
I'm watching this pair too! Seems to me a channel is starting to form on the 1h and 4h, and the top's around 1.2900. Let's see how this turns out. Good luck to you this week Dudley!
Well, unfortunately I did not use an order for this short and it went up then bounced down exactly off where my entry point would have been and moved down 50 pips. Damn.
Dudley, pull up a 15 min chart (18:30 London time 6 Sept) and we have a possible head and shoulders (out of the supply zone) which might be worth keeping an eye on.
Good call Rob. I was waiting for it to go back into the supply zone, but unfortunately it didn't. Hopefully you will have got the nearly 100 pips that this baby has shed. Overall it was a good short call, but I am being too conservative with my entries. I still thinke we have another 100 pips downside. So goodluck for anyone who took my original short call.
Well, this was a good call on Friday, everything has gone as expected (except I did not trade it myself). I think we still have some more to go before we get a large retracement. So far it has moved down 180 pips from the supply zone and maybe another 100 to go.
Well, this was a good call. It has taken a week to finally reach its destination for around 280 pips. The question now - is it safe to go long? With the current fundamentals in Europe (Greece, Ireland and now Spain) it probably is not, but as I am not a Fundamentalist, I will watch to see how it behaves around the demand zone. If it breaks thru, then look to short on a retrace. Otherwise look to scalp some pips going long.
Well, this did bounce up from that demand area, unfortunately it ocurred on Sunday night so I was unable to catch it. Damn and Blast that was 300 pips - I need to lose my timidity and stop listening to Fundamentalists. See the chart, it has now busted right thru that previous supply zone from my original short trade idea. I
May consider a long if it comes back to that supply area now turned demand.
On Sunday September 5th, 2010 at 10:27PM by kiloandstitch Like - 0 People
On Monday September 6th, 2010 at 06:51AM by dudleymuggins Like - 0 People
Well, unfortunately I did not use an order for this short and it went up then bounced down exactly off where my entry point would have been and moved down 50 pips. Damn.On Monday September 6th, 2010 at 01:06PM by consultfx Like - 0 People
On Monday September 6th, 2010 at 08:40PM by dudleymuggins Like - 0 People
Good call Rob. I was waiting for it to go back into the supply zone, but unfortunately it didn't. Hopefully you will have got the nearly 100 pips that this baby has shed. Overall it was a good short call, but I am being too conservative with my entries. I still thinke we have another 100 pips downside. So goodluck for anyone who took my original short call.On Monday September 6th, 2010 at 08:41PM by dudleymuggins Like - 0 People
Here is the chartOn Tuesday September 7th, 2010 at 07:50AM by dudleymuggins Like - 0 People
Well, this was a good call on Friday, everything has gone as expected (except I did not trade it myself). I think we still have some more to go before we get a large retracement. So far it has moved down 180 pips from the supply zone and maybe another 100 to go.On Tuesday September 7th, 2010 at 02:44PM by dudleymuggins Like - 0 People
EU is getting near to the final target, now only 50 pips away.On Thursday September 9th, 2010 at 10:19PM by dudleymuggins Like - 0 People
Well, this was a good call. It has taken a week to finally reach its destination for around 280 pips. The question now - is it safe to go long? With the current fundamentals in Europe (Greece, Ireland and now Spain) it probably is not, but as I am not a Fundamentalist, I will watch to see how it behaves around the demand zone. If it breaks thru, then look to short on a retrace. Otherwise look to scalp some pips going long.On Tuesday September 14th, 2010 at 10:27AM by dudleymuggins Like - 0 People
May consider a long if it comes back to that supply area now turned demand.Leave A Comment
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