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Mr.MaginCole replied Jan 19, 2012Yep....Longs are already wearing out. I would bet on a heavy downpour at the widely mentioned 1.2903 (Kijunsen on Daily). However i have just taken a short at 1.2870. We could touch a 1.2750 (H4 Kijunsen) or lower today. That's long overdue right?
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Mr.MaginCole replied Jan 18, 2012Closed a short at break even. 1.2860. Will enter short again at 2890 area. or 2920. Will read the mood at London Ops.
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Mr.MaginCole replied Jan 18, 2012Wouldnt you get the impression that these Asian session countries are a bunch of bored guys? Its like they just eat rice on a bowl with chopsticks and just look at a frozen chart until the closing bell. How does this work? Why isnt there good ...
EURUSD
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Mr.MaginCole replied Jan 18, 2012SHORT @1.2860 TP 1.2720 TP2 1.2700 SL Open Reason 1) Ichimoku Cloud Top may work as tough resistance 2) 14, 3, 3 Stochastics show Rally is weakening 3) Both Kijun Sen and Tenkan Sen are still well below the Resistance Cloud (false rally).
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Mr.MaginCole replied Jan 16, 2012I agree 2725-2730 = Daily 5EMA = H4/21EMA = M30/200SMA = First Resistance Level on M30 Kumo Cloud = H4 Bottom of Kumo Resistance Cloud
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Mr.MaginCole replied Jan 16, 2012OK grab your hats and wigs now....time for a belly flop back to 1.2670.
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Mr.MaginCole replied Jan 15, 2012holds as support or as resistance LOL?? We are at 2644 pre-open.
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Mr.MaginCole replied Jan 13, 2012One hell of a freak show. Got one of my SLs smacked at 1.2665
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Mr.MaginCole replied Jan 13, 2012If we don't break 1.2730 then its back to the sky...with 1.2900 being a possible target. Any Kumo trader here knows that from looking at the H4. So the bulls have not lost this battle just yet!!
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Mr.MaginCole replied Jan 9, 2012Pure sentiment. Since nobody wants it to go up it wont go up.
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Mr.MaginCole replied Jan 5, 2012When you experience oversold conditions you dont want to sell again and again. At least not with huge lots. Retracements occur no?
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Mr.MaginCole replied Jan 5, 20121.2800 must be a no nonsense support/demand zone. I still keep my longs open at 1.2840. Will attempt to hold till 1.2950.
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Mr.MaginCole replied Jan 4, 2012If 1.2930 (M5 Kijunsen) fails to break on the upwards we can as well have a belly-flop back to 1.2850. No kidding. Nervy moments here.
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Mr.MaginCole replied Dec 27, 2011Right now even those who are brave enough to trade would not want to do that with huge positions. There are more scalpers in the market right now but even these have gotten bored and gone fishing/camping/surfing since the low liquidity hounded them ...
EURUSD
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Mr.MaginCole replied Dec 23, 2011Dragghi should go on webcam and announce what he had for breakfast. Bacon whatever.....you will see the market moving at least. These days all sorts of flimsy announcements are hooray to the greenback and doom to the EZ.



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Mr.MaginCole replied Dec 23, 2011This is one week when I have messed around with Crayons for the first time in like 20 years. Was almost tempted to turn onto the walls with them.
EURUSD