EURO looks to be heading to minimum to around 3210 and if can start basing within 3180-83 have potential to try out 3245-53 for today..
However my concern is the DX.. It is rt at resis intially and if breaks higher has quite a room to run.........
DX 2 hrs kinda prefers it to fall south side.. DX 4 hrs wants it to creep higher..
ASIA would be interested unless we see some big news event to clear the fog out........
GL..
Comment by Tahir Khan on February 19, 2012 at 10:18pm
Comment by Tahir Khan on February 19, 2012 at 10:24pm banked one long off for 233 pips.......... when its raining pips, no need for an umbrella......
Off to zzzzzzzzzzzzzzzzzzzz'sssssssssssss now..
GL..
Comment by Tahir Khan on February 19, 2012 at 10:30pm
Comment by Peter jcp on February 19, 2012 at 10:36pm Well Done Tahir
Comment by Max Bongo on February 19, 2012 at 11:09pm yes good one Tahir
Do you think DX will back up now then? looks like h/s leaning to downside
Comment by Tahir Khan on February 20, 2012 at 7:20am @ Max & Peter jcp ::
IT was a gap down after the weekend and DX has broken under.
Well, it's an easy marker here.. It is trying to re enter the channel and if it can, time to buy DX short and simple. We have EU session coming up and if it fails to enter within the channel supp now acting as resis, than expect more losses on DX. If it is able to close above the channel, than simply buy back on it....
Comment by Tahir Khan on February 20, 2012 at 8:23am
Comment by Tahir Khan on February 20, 2012 at 10:18am Pretty much all explained in the 2 charts..
bounce of the RED TL and a close within the earlier mentioned 2 hrs chart bull channel should be the time to shed longs for shorts..
A hedge short off around 3245-53 could be a blessing if the DX factor comes into play...
GL..
Comment by Max Bongo on February 20, 2012 at 10:23am i see EURUSD drop back to 3050 area before another attempt above highs to 3550
if 3050 gives way to 2850 but above there still try higher
Comment by Tahir Khan on February 20, 2012 at 10:31am Quite possible.. All options open.. running 1 short 3233 and 1 long 2976.. If price heads higher I be stopped out on the shorts only to hopefully get more shorts off 3245-53 entries.. I still think this 3250-55 would be a good resis for today and hence till it is broken like to play some downside..
I'm losing my patient on oil and I may take profit on a loner short if I don't see a move coming under 105 anytime sooner..
Will be stepping out and will check back in 4-5 hrs time...
GL ALL...
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