February 16, 2012 08:05

Forex Signals – EURUSD Bear’s World

By:

Recap: 325 pip day yesterday for swing trading as all the setups we were looking for across all five pairs were triggered; three of those (EU, AU and UChf) hit all targets. ~140 pips from EU alone on our long and short swing trading that we detailed out in advance yesterday:

Our stop-loss is trailing beneath the rising trend support (second blue line) – if that support is broken we will close our long and get short with targets at 20/20/25/25 90 pips.

That support break did occur closing out our long for 50 pips (alert email sent to PRO users at 1.3169 at 8:01a UTC), and triggering our short which hit all targets for 90 pips (more if you kept it open and let your profits run).

Trading Idea: We are tracking a decent falling trend resistance but will NOT be looking to get long off of a resistance break just yet. News is too bearish out of the Eurozone at the moment for us to believe the resistance break will have much follow through.

Instead we will let the resistance break occur, wait for a rising support to form and then get short off of a support break (PRO emails will be sent out when the support break occurs).

Aggressive traders could look to get short under the falling resistance (bounces) for 20-50 pips a pop but we will pass on this.

 

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95 Comments on "Forex Signals – EURUSD Bear’s World"
  1. Avatar of saharaview
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    Comment left on:
    February 16, 2012 at 15:50
    saharaview says:

    ok for me i am tired !!

  2. Avatar of brunot45
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    Comment left on:
    February 16, 2012 at 15:53
    brunot45 says:

    it s tea time…

    • Avatar of saharaview
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      Comment left on:
      February 16, 2012 at 16:24
      saharaview says:

      or beer !

  3. Avatar of saharaview
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    February 16, 2012 at 16:37
    saharaview says:

    hi@3073 !! (nice @luxuma

  4. Reply
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    February 16, 2012 at 16:42
    @luxmafx says:

    @saharview, perfect all targets hit and closed no more trade for today, was again a nice bullish buyer UNION with you my friend, wish you all the best, hope to see you again tomorrow and we do another union , bye

    • Avatar of saharaview
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      Comment left on:
      February 16, 2012 at 16:42
      saharaview says:

      bye and thanks @luxma

  5. Avatar of brunot45
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    Comment left on:
    February 16, 2012 at 16:46
    brunot45 says:

    Bye luxma…and just one beer for Sahara

    • Reply
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      February 16, 2012 at 16:48
      @luxmafx says:

      bye @brunot45, sure I will do that, take care my friend

  6. Reply
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    Comment left on:
    February 16, 2012 at 16:47
    @luxmafx says:

    @Saharaview, thank you too my friend, P.S, this time as long as 3045 in 30 Tf hold it will have a target of 3118 and 4 hours TF till 3150 but I do not trust th bulls anymore, as long as we have Greece Greece sound in this stadium, Bon nuite

  7. Reply
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    Comment left on:
    February 16, 2012 at 16:50
    smile says:

    HI @ all. Thanks Saharaview and Luxmafx. It was very good move. Pending short from 3090. How about that?

    • Avatar of saharaview
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      Comment left on:
      February 16, 2012 at 16:53
      saharaview says:

      better to wait a update or torrow signal!!!

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        February 16, 2012 at 17:01
        smile says:

        Thanks Saharaview

  8. Avatar of saharaview
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    Comment left on:
    February 16, 2012 at 17:03
    saharaview says:

    http://imageshack.us/photo/my-images/215/wooooows.png/

  9. Reply
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    Comment left on:
    February 16, 2012 at 17:28
    saharawiew says:

    good night all !! see y tomorrow

  10. Reply
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    Comment left on:
    February 17, 2012 at 06:13
    @luxmafx says:

    Good Morning all, was not bad yesterday at late trading hour we got with @Saharaview some good trades and all targets hit, even we could stay in our trade for 3150, but no more trust in this pair, never had once :-) it seems that we have on 15 TF a Triangle and this will have a value from 3135 to 3075 if this will play in 15 TF then on 60 TF we are still in a channel down with target from 3055 to 2950 and upside bias from 3170 first to 3225 and then 3303, all in all again hope for Greece and some good news the pair following its target on the top which is for sure not under 3400 and not over 3500

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      Comment left on:
      February 17, 2012 at 06:29
      venus says:

      thankyou……….your last night suggestion helped a lot

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        February 17, 2012 at 06:46
        @luxmafx says:

        @Venus, happy to know that, for today we have some data to watch this maybe a good help for technical decision but do not forget the news decision please on this pair:

        Pivot (Daily):

        Support: 1.2717 1.2902 1.3015
        Resistance :1.3200 1.3272 1.3456

        Projection:1.3189
        Trend line : 1.3146

        Reversal High: 1.3178 Break out High: 1.3230

        Reversal Low: 1.3079 and break out Low: 1.3028

        LowHigh +50% 1.3065 LowLow +38.2% 1.3043

        • Reply
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          February 17, 2012 at 06:49
          @luxmafx says:

          Pivot Daily: 1.3087

  11. Reply
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    February 17, 2012 at 07:42
    smile says:

    GM @all

  12. Reply
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    February 17, 2012 at 08:01
    saharawiew says:

    gm @all have a nice piping day

  13. Avatar of brunot45
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    Comment left on:
    February 17, 2012 at 08:08
    brunot45 says:

    GM all

  14. Avatar of saharaview
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    Comment left on:
    February 17, 2012 at 08:08
    saharaview says:

    gm @Mark please where is Private message in piphut ??

  15. Reply
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    Comment left on:
    February 17, 2012 at 08:24
    @luxmafx says:

    watch 3127 downside 3117 last support over this point 3143 then 3163

    • Avatar of saharaview
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      February 17, 2012 at 08:33
      saharaview says:

      my area to try a long for 35 pips!

      • Reply
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        Comment left on:
        February 17, 2012 at 08:41
        @luxmafx says:

        @Saharaview, (Good Morning) not so sure about it, but will watch for 3114 to get a long there, if not pending long 3131 , @Kobe good morning my friend

  16. Avatar of kobe
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    Comment left on:
    February 17, 2012 at 08:32
    kobe says:

    good morning fellows

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