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..


Views: 2261

Comment by Tahir Khan on February 19, 2012 at 10:18pm

damn... just checking and loving it..

I'm to cash one long soon enuf around 3210 or perhaps now only... I can go to bed with a smile on my face...

here is a 30 mins euro ...

GL>..

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

could be a good combo to short euro for a retrace...
else can sell other FX pairs.. im outta here..

Eur can dip to 3118-22 and thats where a good supp lies on for it today..Plus it almost hit its 3212-15 min expecting...

GL..

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

here i EU 2 hr and i have picked up a short beside an earlier 3218 that wa picked up and met tgt at 3190 earlier..

3153-56 is expected and would be willing to bank shorts there.. Time to cash one oil short and left other to see if the retrace can head to 104.15-22...

GL..

Comment by Tahir Khan on February 20, 2012 at 10:18am

EURO AND DX - Posisble Inv HNS on DX and possible bigger bounce coming

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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