Comment by Keith Shaw on January 22, 2012 at 11:10am

Welcome Madeswaran, you look as though you've had a very tough trading day, did you get whipsawed like I did last week on the EurUsd even though I had the direction right ?

Please see the below link which may in some way assist you and next time we will see a happy Madeswaran  ;-)

Tough Trading Day

Comment by Keith Shaw on January 22, 2012 at 10:14pm

Janos you have a real eye for those head and shoulder type patterns

Comment by Keith Shaw on January 23, 2012 at 1:04pm

What a great rally for EU at the starting blocks of the London open. I am a BEAR at 1.3050 - 1.3078

Comment by Peter jcp on January 23, 2012 at 1:25pm

very funny

 

Comment by Keith Shaw on January 23, 2012 at 3:36pm

Slow start to the US Session, On the H1 EU Chart  7 straight 1hr Green Candles, Albeit Getting Smaller in Size. Still a BULL till we reach 1.3050 - 1,3078 .

Comment by Keith Shaw on January 23, 2012 at 5:28pm

After 8 hrs of continuos Green Candles we have our first Red Candles of the day of the 1.3050 resistance zone mentioned in the earlier post. The 10 & 20EMA have been holding price nicely. Looking for a retest of ~1.3050 for shorts, or a convincing break of the 38.2 fib and EMA's for possible shorts , also thinking that this is just a corrective move of the prior impulsive move, still need one more candle to print after the current one to make a decision.

Comment by Peter jcp on January 23, 2012 at 5:47pm

Must pack up now today - but its been good but hope to get a post near Mcdonalds tomorrow

Comment by Keith Shaw on January 23, 2012 at 7:37pm

Nice Clean Chart and  Price Action Spiro,  also I notice you have not marked up any 'disturbances' from your better half, hence a good 50 PIPS !

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