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May 13 2015 at 18:51
413 Posts
The EUR/USD reaches 1.1382 as the highest and fell after that but still above the 1.1280 resistance level, I think there is a chance for more up trend.

May 13 2015 at 20:22
454 Posts
Price broke the resistance level at 1.1300 I had a planned buy position over the resistance level and I took my 40 pips. now price will be testing 1.13500.

May 14 2015 at 06:32
675 Posts
Euro attempt to renew the upward movement, and this can happen in case that the currency climbe up over the top of 7 May at 1.1381. If this level will be passed we can expect the pair to test next key resistance located around 1.1538, where is situated the tip of 2 February. On the other hand, the potential return of the profit of the dollar is limited by 89 SMA positioned near the key level at 1.1000.

May 14 2015 at 08:10
136 Posts
trading the 'hook' - explained in the attached image.

this is the rule and has to be followed strictly!
It can be used in ANY timeframe.

Important to know:

A hook cannot consist of more than 10 bars
Bar nr. 10 is the last bar to trade through the '0-point' (see attachment)
Most dangerous bar to trade is the 6. bar and should only be traded if there is enough room for profit to the high of bar-0


"a little bit of knowledge is a dangerous thing"
honeill (honeill)
May 14 2015 at 08:28
1141 Posts
Since the start of May the EURUSD rose more than 1.3% and is in a recovery phase since late April, trading above the 10-day moving average. Yesterday the currency rose after bouncing off the 10-day moving average with above average volume and close near the high of the day. Stochastic is showing bullish momentum and is above the 50 mid line.

"I trade to make money not to be right." |
May 14 2015 at 09:07
136 Posts

1. please note, my last post was not a signal. When I post a signal (and I seem to be the only one here) then I mark my posting as a signal. (check my history)
My last posting is just a simple explanation as to how to trade a hook!
This rule is good for any time-frame in any market!

2. I have taught price-bar formations (in seminars and private tutoring) for well over 20 years in the USA and Europe, and over the years have encountered many different characters in the trading business.
There are the ones that appreciate new information, and there are the ones that don't.

"a little bit of knowledge is a dangerous thing"
May 14 2015 at 12:04
1117 Posts
The EUR/USD consolidation finally ended and the pair continued climbing. I think next target will be 1.1600, perhaps even 1.1700.

May 14 2015 at 15:24
413 Posts
EUR/USD fell down heading to the opening point after recording new highest for 2015 at 1.1444 , let us see when the pair will attack the next resistance level at 1.1500.

May 14 2015 at 18:31
454 Posts
for now I am waiting a break over the resistance line 1.1400 which is formed on the daily and weekly chart.

May 14 2015 at 22:07
372 Posts
EUR / USD rose on Wednesday, broke above the resistance line (turned into support) and 1.1290 reached once again the main resistance zone of 1.1375.
Our studies support the momentum if the EUR / USD can maintain upward movement.
Regarding the broader trend, the break above 1.1045 marked the conclusion of a possible training 'double bottom' something that could represent bullish implications wider.

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