Technical Templates

[kipper]

In fact it's provided 3 typical entry opportunities again each day this week around the main european opening session, including today's pullback through 1.4370

Hi Jack & whipcrack, thank you for your welcome. I'm looking forward to interacting with you guys.

I totally agree whipcrack, this great little set up is quite active throughout the week whenever the larger timeframe reveals a clear trend in which to trade into. Today is my first opportunity to trade this week & I took the earlier entry at 4355. I'm often at the screens during the Tokyo afternoon session (4.00 to 5.00am my time) so can sometimes obtain a good entry providing prices are obeying the trend rules on both timeframe charts.

The greek vote later might cause some volatility so I'll probably either close out my trade or take partial profits & move my protective stop up.
Good luck to all who are positioned this week & today.

[kipper]

The greek vote later might cause some volatility so I'll probably either close out my trade or take partial profits & move my protective stop up.

It sure attracted the expected volatility. I closed out 70% up at last weeks highs [1.4440] & got stopped on the remainder as price shot down right around the start of the first vote announcements.

Hope things can settle down for a while now for a while.

[goldtop]

Well played kipper.
Looks like the risk is being bought again this morning in NY & that's supporting Euro above this mornings Tokyo lows.

If they can maintain a steady line & get through the stops at last weeks high it ought to be good for another assault on the June highs.
1.4250 is the focal point for bids on any drop from current levels & trailing stops will now be focused there.

[goldtop]

If they can maintain a steady line & get through the stops at last weeks high it ought to be good for another assault on the June highs.
1.4250 is the focal point for bids on any drop from current levels & trailing stops will now be focused there.

It pushed through the weeks highs next day & began working the stops right into end of week. A good percentage of rollover trailing stops will now have been adjusted up from 250 to be situated underneath that previous weekly high with clear demand likely to be focused at those pullback zones below 4350 & 4250 back to where this bullish leg started at the 1.41 figure.


The next two upside targets in the sights of eur/usd bulls if this momentum push can continue to grow legs.

[shona123]

A good percentage of rollover trailing stops will now have been adjusted up from 250 to be situated underneath that previous weekly high with clear demand likely to be focused at those pullback zones..

Appears to have found good initial demand at your 1st line of defense into the european close Dean.

Nice hammer on the hourly down at that level + a series of spinning tops/doji's on the last 16 hours worth of 4 hour bars. Unsurprisingly price has barely covered 65% of it's average range today, confirming this zone as a mini fulcrum.
Could be quite an aggressive move away in either direction when it eventually generates some half decent momentum above/below these recent 4 hour upper & lower barriers @ 1.45 & 4440 - especially the lower zone where a lot more trailing stops will have been added yesterday & today to the ones resting from over the w/end.

[whipcrack]

Could be quite an aggressive move away in either direction when it eventually generates some half decent momentum above/below these recent 4 hour upper & lower barriers @ 1.45 & 4440 - especially the lower zone where a lot more trailing stops will have been added yesterday & today to the ones resting from over the w/end.

You can say that again!

Ticking over the wires that Moody's have just now downgraded Portugal to virtually junk status (Ba2).
Just when you thought it was safe to jump back into the water the sovereign debt market shark comes looking for his supper

[Ray_1]

Last week bad US job data continues to affect EURUSD today. It has far exceeded it average trading range and currently trading at 1.40 level. If EURUSD continues to be hit by negative news, it may even see 1.375. It seem that risk aversion(moving to a safer currency) has occurred.

[jack mason]

It has far exceeded it average trading range and currently trading at 1.40 level.
If EURUSD continues to be hit by negative news, it may even see 1.375.

All that increased volatility during the past few trading days has had a big impact on the average daily range Ray. Whenever risk gets aggressively bought or sold the range parameters get temporarily knocked out of whack. Normal conditions will return as soon as it all settles down again.

I agree with your next downside level, but for now they're happy to take some profits off the table & see how the land lies as it attempts to scale back above last weeks lows & consolidate this recent pullback.
The hourly chart has today printed a lower high at the 4250, & if it can't push back up beyond todays highs it will begin to attract sellers again for another run back to test the bids at 1.40

[kipper]

I'm reasonably sure of the answer, but can I just enquire if Joe or anyone of the other experienced posters on this thread are intending to market or sell any products associated with the material here as a supplement or "additional extra's never before revealed" deal at any time in the future?

I really don't want to get too involved in a thread only to discover at a later date that it's being used as bait to entice money out of me. There's enough of that nonsense being hawked around the trading forum world to last a lifetime.

Sorry for the off topic post & for what might appear a strange question, but these forums are prime feeding tanks for glorified product salesmen & slick marketing suits.

[Joe Whitehorse]

I'm reasonably sure of the answer, but can I just enquire if Joe or anyone of the other experienced posters on this thread are intending to market or sell any products associated with the material here as a supplement or "additional extra's never before revealed" deal at any time in the future?

Absolutely not kipper, no.

I can assure you & anyone else who visits the thread that I will definitely not be marketing or selling courses, books, seminars or any other such material from the information shared freely on this thread.

And I'm pretty sure I can vouch for Jimmy & jjay too as they are industry traders of long standing whose company I've shared more than a few times over the past 15 odd years.
None of us have the need to solicit funds from folks on public trading forums. We earn more than enough from our trading endeavors.