Comments on: Levels to watch in this mornings trade https://fxww.com/levels-to-watch-in-this-mornings-trade/ The Professional Source Thu, 25 Apr 2013 08:15:11 +0000 hourly 1 By: Papillon https://fxww.com/levels-to-watch-in-this-mornings-trade/#comment-20187 Thu, 25 Apr 2013 08:15:11 +0000 http://fxww.dreamhosters.com/?p=7306#comment-20187 In reply to Sean Lee.

> From my market source, we have very large stops below 128.80.

]]> By: Sean Lee https://fxww.com/levels-to-watch-in-this-mornings-trade/#comment-20183 Thu, 25 Apr 2013 07:12:39 +0000 http://fxww.dreamhosters.com/?p=7306#comment-20183 Yes mate, its tricky to find the line between swing trading and position building, but both are very important, partic the latter

]]> By: Papillon https://fxww.com/levels-to-watch-in-this-mornings-trade/#comment-20180 Thu, 25 Apr 2013 06:31:58 +0000 http://fxww.dreamhosters.com/?p=7306#comment-20180 Many thanks Sean,

It looks tricky plan. I going try out, we will see if I get more skilled with this trade/position building.

]]> By: Sean Lee https://fxww.com/levels-to-watch-in-this-mornings-trade/#comment-20179 Thu, 25 Apr 2013 06:27:21 +0000 http://fxww.dreamhosters.com/?p=7306#comment-20179 yes for classic double top needs to break 150 neckline and stay below there, then it becomes v v powerful formation. They don’t confirm all that often but when they do, like my current EUR/AUD trade after dbl-bottom neckline broke, they are really excellent risk-reward opportunities

]]> By: Danny https://fxww.com/levels-to-watch-in-this-mornings-trade/#comment-20178 Thu, 25 Apr 2013 06:19:31 +0000 http://fxww.dreamhosters.com/?p=7306#comment-20178 guess i got myself ahead bittttt to early there. need it to test 150 then we can confirm?

]]> By: Sean Lee https://fxww.com/levels-to-watch-in-this-mornings-trade/#comment-20177 Thu, 25 Apr 2013 06:15:33 +0000 http://fxww.dreamhosters.com/?p=7306#comment-20177 Hi papillon, perhaps try playing the edges of this wedge https://www.tradingview.com/x/6hgzivLT/ and if it breaks either side then maybe try a position building strategy ??

]]> By: Sean Lee https://fxww.com/levels-to-watch-in-this-mornings-trade/#comment-20176 Thu, 25 Apr 2013 06:13:23 +0000 http://fxww.dreamhosters.com/?p=7306#comment-20176 Long way to go before the dbl-top confirms Danny but looks like a reasonable play to try selling 15220ish with tightish stop?

]]> By: Danny https://fxww.com/levels-to-watch-in-this-mornings-trade/#comment-20175 Thu, 25 Apr 2013 06:09:22 +0000 http://fxww.dreamhosters.com/?p=7306#comment-20175 im seeing a double top in gbp/jpy hourly chart. what do we make up of this? and also the gdp data coming out soon.

]]> By: Papillon https://fxww.com/levels-to-watch-in-this-mornings-trade/#comment-20174 Thu, 25 Apr 2013 06:04:08 +0000 http://fxww.dreamhosters.com/?p=7306#comment-20174 Good evening Sean,

I am still short on EUR/JPY. However EUR/USD looks strength and USD/JPY didn’t collapse yesterday despite the poor US data. What is your view ? I am tempted to add but I am not sure.

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