Period of consolidation/ indecision, expect breaks of lows/highs before reversal...my 2 cents
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DislikedPeriod of consolidation/ indecision, expect breaks of lows/highs before reversal...my 2 cents
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DislikedC'mon man, our page/chart attatchment ratio is so low..I don't think we are ready for the charts quite yet. But...The 3650 level did produce heavy buy flow last time price was there (I see you drew a line there). As price has been falling over the last couple hours, there has been very little buy interest (at any level). I have a strong eye on that level. I'm not going to get too much into this stuff yet, if ever, but IF buyers come in, and I can verify this, I'd consider this an entry zone with little risk of DD. It all depends on a presense or...Ignored
DislikedIt's all you need, everything is on the chart and actual price can't lie, the rest (including the fluff!) is ambiguous and discretionary and open to personal interpretation. There is no reliable order flow information in this market, only vaguely indicative from other related markets, and guessing the motives of players before/during/after the event is nothing more than pure speculation, again very discretionary because they'll only let you know what they want you to know, that's the nature of the game. Retail traders are at a distinct disadvantage...Ignored
DislikedOops!! sorry, i forgot to put my hand up first and ask permision to post a chart, i'm just the little guy right down the back of the class, didn't think you'd see my hand down there.
I'll just keep quiet ok?
The line you saw was just the current bid price.Ignored
DislikedHe is certainly entitled to his opinions, but unless he can back up the absolute statments he is making, then whats the point?Ignored
Dislikedusually on round number price go through it by some pips befor it reverse.Ignored
DislikedThat's exactly what happened isn't it, the break above 1.38 then a sell off.Ignored
DislikedIt's all you need, everything is on the chart and actual price can't lie, the rest (including the fluff!) is ambiguous and discretionary and open to personal interpretation. There is no reliable order flow information in this market, only vaguely indicative from other related markets, and guessing the motives of players before/during/after the event is nothing more than pure speculation, again very discretionary because they'll only let you know what they want you to know, that's the nature of the game.Ignored
DislikedC'mon man, our page/chart attatchment ratio is so low..I don't think we are ready for the charts quite yet. But...The 3650 level did produce heavy buy flow last time price was there (I see you drew a line there). As price has been falling over the last couple hours, there has been very little buy interest (at any level). I have a strong eye on that level. I'm not going to get too much into this stuff yet, if ever, but IF buyers come in, and I can verify this, I'd consider this an entry zone with little risk of DD. It all depends on a presense or...Ignored
Dislikedyou can go, find the data and quantify what they said. Some times it leads nowhere, sometimes it leads somewhereIgnored
DislikedRight, but if the basic premise is flawed or lacking then looking for data (which perhaps doesn't actually exist) to justify a theory could be really unscientific, isn't that kinda back to front, ie price moved so let's think up a reason why it did and find some data which supports our theory.Ignored
DislikedYeah, I guess so.
But seriously, I was wondering specifically if the market was waiting for a verdict (planned date, time, ect.) on what the Euro zone was going to do to 'fix' things.Ignored
DislikedI'm not looking for reasons, I'm looking for reoccuring themes and the search landscape is so vast that you really need threads like this to reduce the size of the search.Ignored
DislikedLatest news seem to indicate the EU is not much for helping Greece financially, at least for the moment. Furthermore, Greek PM has just pointed out that they would qualify for IMF aid if needed. In my personal experience, when a government goes from the first stage of strong denial to admitting a financial deal as a possibility, you can expect that they are already leaning strongly towards it.
I think that now that the market seems to have already discounted the possibility of EU aid, any news towards a deal with the IMF should be EUR bullish....Ignored
DislikedThe first tip off was the fomc decision. The rejection of 3800 was the clue there was an option there. Once I knew it was there, then I started looking for clues that someone was hunting.
The volicity of price movement in what should have been an illiquid market was the tipoff at 12am. This is what the DOM watching experience will get you...Ignored