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  • #5,321
  • Mar 9, 2008 6:59pm Mar 9, 2008 6:59pm
Quoting Jurrasic
David, by cleared out pending orders you mean closed them at a loss ? I understood that the more SLs hit the more the price is propelled in that direction. And about sell orders taking profit - you mean sell orders entered at the top ? Wouldn't it be just a few scalpers taking shorts there ? How can this move the price down so much ? Could it be that mayve there were some big longs actuualy that took profit at about the top and pushed prices down ?

(Sorry about the barrage of questions.. Trying to learn.. )
Big players scalp and place pending order too. Your not the only one. The banks are the biggest scalpers in the world. Smart man wouldn't have left a short over the weekend and this gap and move today shows why it wouldn't have been a good idea.
But there are players holding longs from months ago that will keep holding them untill it shows a defined top and tells them to get out.

What ever you want to call it but the trend is up. period. And a 200 pip drop wouldn't signal a reversal in trend as it would be just a correction to the over all trend. I think this thing has a long way to go yet.

edit: good questions. Just a matter of speculation is all.

edit again: the size orders it took to get the price where it is, profit taking on those oprders would have pushed price much further down.
  • #5,322
  • Mar 9, 2008 7:03pm Mar 9, 2008 7:03pm
exited pending pivot test at 1.5374. Will re-enter if price bounces there. I rather wait untill after monday to see what the market does.
  • #5,323
  • Mar 9, 2008 7:03pm Mar 9, 2008 7:03pm
Cool, thanks. And yeah from most I read and saw, should continue up in the longer term for a while at least.
On the path to Enrichment.
  • #5,324
  • Mar 9, 2008 8:16pm Mar 9, 2008 8:16pm
Quoting Hammad
okay i Longed from Dip after ISM news.. and Now my Two EU trades Hit take profit limits..
i don't look it wil come down unless 1.5320 and 1.5465.. waiting for confirmation further to go long..
Best of luck and enjoy this ride
Okay last week.
We achived our both targets step by step.
1st 1.5320
2nd 1.5465 almost achived..
Now no more plans for long.. This pairs is Highly in overbought area. need some correction now.
Next Physco target is 1.56...
I am aside and watching only..
  • #5,325
  • Mar 9, 2008 11:06pm Mar 9, 2008 11:06pm
Quoting xxDavidxSxx
Big players scalp and place pending order too. Your not the only one. The banks are the biggest scalpers in the world. Smart man wouldn't have left a short over the weekend and this gap and move today shows why it wouldn't have been a good idea.
But there are players holding longs from months ago that will keep holding them untill it shows a defined top and tells them to get out.

What ever you want to call it but the trend is up. period. And a 200 pip drop wouldn't signal a reversal in trend as it would be just a correction to the over all trend. I think this thing has a long way to go yet.

Where was the gab today on March 9th? I am not seeing it.
  • #5,326
  • Mar 9, 2008 11:08pm Mar 9, 2008 11:08pm
What could US possibly do to intervene? All have been doing is flooding the market with money..hehe
  • #5,327
  • Mar 9, 2008 11:38pm Mar 9, 2008 11:38pm
Quoting incomenow
Where was the gab today on March 9th? I am not seeing it.
Gab?

Not familiar with that trading term. Please elaborate.
  • #5,328
  • Mar 10, 2008 4:42am Mar 10, 2008 4:42am
gaby gaby...ok. now seriously,..aperantly this is a ranging week acros the board, enjoy....gaby
its just money
  • #5,329
  • Mar 10, 2008 5:22am Mar 10, 2008 5:22am
Dip in the cards?

I have to figure buying opportunity on any weakness.

1.5235?
  • #5,330
  • Mar 10, 2008 6:20am Mar 10, 2008 6:20am
Quoting TIckerShuffl
Dip in the cards?

I have to figure buying opportunity on any weakness.

1.5235?
I think first till 1,532 and maybe later 1,5235
  • #5,331
  • Mar 10, 2008 6:55am Mar 10, 2008 6:55am
Quoting sarasxxx
I think first till 1,532 and maybe later 1,5235
What timeline are you projecting for 1.52?
  • #5,332
  • Mar 10, 2008 7:04am Mar 10, 2008 7:04am
Hello Everyone. Here is the stupid question for the day. Do the Forex markets operate vis daylight savings time. That is, is the New York open on my chart (usually 13:00) still 13:00 or is it now 12:00? As the forex is not actually a physical location, I am assuming not every part of the world operates via daylight savings. Any thoughts?
All that is needed for evil to triumph is for good men to do nothing !!
  • #5,333
  • Mar 10, 2008 7:06am Mar 10, 2008 7:06am
Quoting forexmoments
What timeline are you projecting for 1.52?
60 min
  • #5,334
  • Mar 10, 2008 7:08am Mar 10, 2008 7:08am
since there are rate cuts in place,..we might go down, since those cuts are already overpriced in, and after the cuts, we go up again, not like the the last when we went down, after the cuts, and then up a lot more...hm., or we might be in this 1.5366 and 1.5400 range for some time until we break it....more likely up and make a double top, then after the rate cuts, we go down for 300 pips... what u think?
its just money
  • #5,335
  • Mar 10, 2008 7:15am Mar 10, 2008 7:15am
I think that during the next 2h we will see if it will bounce off the 0,382 or go down till 0,5 ( that would be exactly 1,5320) i think it should go down if nothing unexpected doesnt happen
  • #5,336
  • Mar 10, 2008 7:27am Mar 10, 2008 7:27am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
anything close to 1.5320 is a buy position espcially with the potenial rate cut

11:59 EUR/USD: Dip Below 1.5350 Short-Lived London, March 10th. The dip below 1.5350 seen into the European/NY cross-over has been short-lived with spot hitting a session and intraday low at 1.5342. Stops below 50 are said to have fuelled the push to the intraday base but with speculation remaining over an emergency Fed rate cut, potentially as early as 12:00 GMT, the Dollar has struggled to sustain its gains.

watch for news.
  • #5,337
  • Mar 10, 2008 7:28am Mar 10, 2008 7:28am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting ExpatXXXX
Hello Everyone. Here is the stupid question for the day. Do the Forex markets operate vis daylight savings time. That is, is the New York open on my chart (usually 13:00) still 13:00 or is it now 12:00? As the forex is not actually a physical location, I am assuming not every part of the world operates via daylight savings. Any thoughts?
Daylight savings are used.
  • #5,338
  • Mar 10, 2008 7:49am Mar 10, 2008 7:49am
Does anyone also see a downtrend forming ?
  • #5,339
  • Mar 10, 2008 7:53am Mar 10, 2008 7:53am
Thx MPP. So, if I understand correctly, I notice that the time for the asian open on Sunday was 22:00 as opposed to 23:00 on pst time zone. As such, I normally base my trades on a 13:00 open in New York and will simply adjust to 12:00 during dst. Is this a proper assumption?
All that is needed for evil to triumph is for good men to do nothing !!
  • #5,340
  • Edited 9:11am Mar 10, 2008 9:01am | Edited 9:11am
think it will go back up for a while... IMO



http://www.worldtimezone.com/daylight.htm
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