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..


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Comment by Tahir Khan on February 22, 2012 at 8:46am

Incase 3200 breaks I be expecting a move to 3145 on euro on pattern play and a breakout..

GL...

Comment by Tahir Khan on February 22, 2012 at 9:32am

DX - Make it or breal it now

It's at resis on 4 and 8 hrs .. A break higher and I tend to believe I should not be hitting longs off 3200-05 supp rather wait a 3145 touch to be long.. Incase DX fails to head higher here than possibly we won't even see 3205 getting testing a move higher to break 3260 and subsequently 3281 should come into play..

GL..
Comment by Tahir Khan on February 22, 2012 at 5:55pm

I'm so glad i was away for the last 3-4 hrs and I guess I missed nothing at all.
What a dead mkt it has been .....
well 30 mins turning bullish and a possible diamond formation breakout to the north in progress on the 2 hrs chart...
I was banking on gold to be a shiner but it hardly moved.... 1751 entry in but it needs to move now..

Anyways.............. its been sloppy today for sure..

GL..

Comment by Tahir Khan on February 22, 2012 at 7:59pm

DX - WEDGE N A POSSIBLE INV HNS

DX 8 hrs has a wedge in play along with a possible Inv HNS..

However since it is a rising wedge, possibly be dropping instead of breaking north..
Yet have to wait it out....

GL..
Comment by Tahir Khan on February 23, 2012 at 7:08am

EU 4 hr hittig main resis

EU 4 hr at resis into 3280-82 zone. and a break higher shall set the tone for gains to late 33XX...

GL..
Comment by Tahir Khan on February 23, 2012 at 7:32am

At times even I don't know what I'm saying.. I suppose I'm not doing traditional TL potting rather going in for setups and heavily gotten into pattern trading that at times I see so much within the same time frames, it at times fogs my decision. So it could be an inv HNS pointing for a north bound train but at the same time an ascending wedge hinting at break lower... Since mostly we trade against the USD, I like to know what it is in mood for...

3170 is comimg in as a decent supp under 3220-23 which should stay intact else risk is to the downside..
to the upside a clean break of 3282-84 should get us close to min 3360-64 which i would love to see... 339X is upper tgt or R2 and 3422 R3 perhaps..
I simply lovin gold................... its been doing much much better and it trends up nicely..

GL...

Comment by Tahir Khan on February 23, 2012 at 7:57am

I'm long 2976 and 3222 and i have hedged shots 3282.. a clean break should continue to 3360ish.. and I won't mind to take a small hit on shorts.. Shorts to brighten up on a break under 3220.. DX faltering on bigger time frames and it could sink is a likely scenario so far..
hedge shorts I be willing to take small profits on 10-20 pips and then sell back again under the current lows on any surge higher...
I'm bias long on euro..
A decent dip here is to test 3248-50 and a break under to show 3216-20 lvl as main supp for EU session...
A break under and a fall to 3170 is imminent..
A 30 mins chart to illustrate these moves...

GL..

Comment by Tahir Khan on February 23, 2012 at 8:00am

Yes Keith, you must be spot on here.. I just did the whole new 30 mins. Since most of my charts are pre saved and I do little touch up here and there as price changes the TL's..

Will do same on other charts as well...

Thanks...............................

GL...

Comment by Tahir Khan on February 23, 2012 at 9:12am

EU 8 hrs Main chart back in focus

Same chart.. RED TL resis at 3324-26 we flirted with...
A break higher with breaking above 3360-63 seems to be a done deal here on euro for a move into 36XX..
Hence we in at critical lvls now.. I banked some added above 3285 around the highs.. a beak higher and we surely into higher territory...

GL..
Comment by Tahir Khan on February 23, 2012 at 9:21am

EU 4 hrs - This is what I basically been playing from 2970ish

This is also one of my main chart that kept me bullish all this while on this pair..
Hence 3326 is main breakout lvl as of the earlier 8 hrs charts and T1 on this 4 hrs or 3360-64 is confirmation .. A move and a close higher to this 4 hrs and we can see a freight train to the north bound..
DX hitting its wedge base as well so 3360 possibly could hold out.. however on DX rising wedge pattern should be breaking north after perhaps some retrace..

GL...

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