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anand1234 Yellow Belt
Joined: 17 Jul 2010 Posts: 830
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Post: #3646 Posted: Tue Jul 10, 2012 2:21 pm Post subject: |
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anand1234 wrote: | hi..................sam
from my side we can go long from here.........tgt 5380-5400........in near term........below 5240 is s/l...........but dont think ns can go below 5240..(MY OVSERVATION)
THX
ANAND |
hi............sam
we hav get already 50 pts..........from 5290 -5340...............now waiting for 5380 -5400................let c.......(MY OBSERVATION)
HAPPY TRADING
THX
ANAND |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #3647 Posted: Tue Jul 10, 2012 2:31 pm Post subject: |
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Is this a good point to enter long now on NF? |
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stevenmat White Belt
Joined: 27 Dec 2011 Posts: 478
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Post: #3648 Posted: Tue Jul 10, 2012 2:33 pm Post subject: |
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vinay28 wrote: |
sam - now you know why I wanted levels above 5311? |
lol |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3649 Posted: Tue Jul 10, 2012 2:37 pm Post subject: |
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anand1234 wrote: | anand1234 wrote: | hi..................sam
from my side we can go long from here.........tgt 5380-5400........in near term........below 5240 is s/l...........but dont think ns can go below 5240..(MY OVSERVATION)
THX
ANAND |
hi............sam
we hav get already 50 pts..........from 5290 -5340...............now waiting for 5380 -5400................let c.......(MY OBSERVATION)
HAPPY TRADING
THX
ANAND |
hahaha...While you were enjoying your LONGs, I was struggling to cover my SHORTs..... ...anyway, enjoy the ride.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3650 Posted: Tue Jul 10, 2012 2:38 pm Post subject: |
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vinay28 wrote: | apka - up today finally?
sam - now you know why I wanted levels above 5311? |
Vinay, now you might understand why I haven't posted levels above 5311..... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #3651 Posted: Tue Jul 10, 2012 2:50 pm Post subject: |
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vinay28 wrote: | apka - up today finally?
sam - now you know why I wanted levels above 5311? |
totally, i had the level 5310 in mind for today, entire day it was being a resistence but we didnt breach 5300 for long time which was resistence of yesterday, so i went long taking a chance. |
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anand1234 Yellow Belt
Joined: 17 Jul 2010 Posts: 830
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Post: #3652 Posted: Tue Jul 10, 2012 2:52 pm Post subject: |
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psalm wrote: | anand1234 wrote: | anand1234 wrote: | hi..................sam
from my side we can go long from here.........tgt 5380-5400........in near term........below 5240 is s/l...........but dont think ns can go below 5240..(MY OVSERVATION)
THX
ANAND |
hi............sam
we hav get already 50 pts..........from 5290 -5340...............now waiting for 5380 -5400................let c.......(MY OBSERVATION)
HAPPY TRADING
THX
ANAND |
hahaha...While you were enjoying your LONGs, I was struggling to cover my SHORTs..... ...anyway, enjoy the ride.... |
HI.........SAM
THIS IS THE GAME ONE DAY U WINS & ONE DAY U LOOSE..........DONT WORY.......SOON U WILL B WIN..........
THX
ANAND |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #3653 Posted: Tue Jul 10, 2012 2:53 pm Post subject: |
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apka wrote: | As far as I see, EUR/USD has reached a bottom. Attached is hourly chart.
[1] On hourly chart support has reached and RSI, MACD turned positive divergence.
[2] On daily chart from last 1 year it has formed a falling wedge pattern of sorts. Here also positive divergence has emerged on the indicators. And this time rise and fall and has been shortest, indicating end of the falling wedge pattern. From hereon we should see it rise.
[3] I expect immediate restest of 1.24 area by next week and sideways trading in EURO for couple of weeks maybe before it starts rising again. |
power of charts and positive divergence in currency and european indices |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #3654 Posted: Tue Jul 10, 2012 2:54 pm Post subject: |
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I have shorted a small qty now |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #3655 Posted: Tue Jul 10, 2012 3:02 pm Post subject: |
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vinay28 wrote: | I have shorted a small qty now |
ok, what will be your SL? im waiting to see how 5360 holds if comes. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3656 Posted: Tue Jul 10, 2012 3:08 pm Post subject: |
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anand1234 wrote: | psalm wrote: | anand1234 wrote: | anand1234 wrote: | hi..................sam
from my side we can go long from here.........tgt 5380-5400........in near term........below 5240 is s/l...........but dont think ns can go below 5240..(MY OVSERVATION)
THX
ANAND |
hi............sam
we hav get already 50 pts..........from 5290 -5340...............now waiting for 5380 -5400................let c.......(MY OBSERVATION)
HAPPY TRADING
THX
ANAND |
hahaha...While you were enjoying your LONGs, I was struggling to cover my SHORTs..... ...anyway, enjoy the ride.... |
HI.........SAM
THIS IS THE GAME ONE DAY U WINS & ONE DAY U LOOSE..........DONT WORY.......SOON U WILL B WIN..........
THX
ANAND |
Game???..No this is not game Anand...this is serious stuff of making money.....today, I have lost money and most of the others, including you, have made money. I'm happy that you've made money. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3657 Posted: Tue Jul 10, 2012 3:14 pm Post subject: |
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apka wrote: | apka wrote: | As far as I see, EUR/USD has reached a bottom. Attached is hourly chart.
[1] On hourly chart support has reached and RSI, MACD turned positive divergence.
[2] On daily chart from last 1 year it has formed a falling wedge pattern of sorts. Here also positive divergence has emerged on the indicators. And this time rise and fall and has been shortest, indicating end of the falling wedge pattern. From hereon we should see it rise.
[3] I expect immediate restest of 1.24 area by next week and sideways trading in EURO for couple of weeks maybe before it starts rising again. |
power of charts and positive divergence in currency and european indices |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #3658 Posted: Tue Jul 10, 2012 3:16 pm Post subject: |
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correct, apka about 5360 as SL |
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anand1234 Yellow Belt
Joined: 17 Jul 2010 Posts: 830
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Post: #3659 Posted: Wed Jul 11, 2012 1:31 pm Post subject: |
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hi.....sam
if spot will not stay above 5350........then we may c 5300 -5280 level by today or tomorrow.......let c...........(TOMORROW ALSO INFY RESULT....SO VERY VERY CAUTIOUS).......my observation......do u agree ??
thx
anand |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3660 Posted: Wed Jul 11, 2012 1:46 pm Post subject: |
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anand1234 wrote: | hi.....sam
if spot will not stay above 5350........then we may c 5300 -5280 level by today or tomorrow.......let c...........(TOMORROW ALSO INFY RESULT....SO VERY VERY CAUTIOUS).......my observation......do u agree ??
thx
anand |
The resistance I'm looking at is around 5370-5385 area as of now....below that anything could happen....I have no idea where we're heading.....but as long as we're above the 13-day EMA, on a closing basis, there will be buying....as of now, levels around 5300 looks key....a break below 5314 will push us to 5303 levels below that we could test 5280 levels...anyway, let's see if we hold 5303-5305 levels... |
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