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  • #18,061
  • Aug 7, 2008 6:32am Aug 7, 2008 6:32am
Pay attention to 555. If we get a H1 close above this we are on the way back up, with a retrace here or there By the way watch 530-40 area
Don't Get Bitter, Get Better
  • #18,062
  • Aug 7, 2008 6:33am Aug 7, 2008 6:33am
nub your in the wrong room,
  • #18,063
  • Aug 7, 2008 6:34am Aug 7, 2008 6:34am
I'm gambling a little with ECB. I just don't believe they can raise rates because the EU seems to be slumping so I'll keep my shorts open.

Because everyone seems to be hawkish (I can't understand why) and the price has already risen on anticipation that the rates will be raised or they will say something in lines of that they will be raised this seems to be very good position to short. Anyway, this is a gamble so I could as well be wrong so I'm not keeping a very big short.
  • #18,064
  • Aug 7, 2008 6:37am Aug 7, 2008 6:37am
Quoting NoBread
nub your in the wrong room,
How so?
And what room should I be in O great one
Don't Get Bitter, Get Better
  • #18,065
  • Aug 7, 2008 6:40am Aug 7, 2008 6:40am
I thought your a pound dollar trader and those are the prices?
Maybe not?
  • #18,066
  • Aug 7, 2008 6:41am Aug 7, 2008 6:41am
Quoting mogenius76
Good morning everyone...

Quick question,... are we suppose to use the week-end close, along with the high and low for that week to determine pivot points... are is it month-end?

I really need this information because I think the Rs and S's and P.P. that I have are different than other people's...

Please help me out... thx
One of the best teachers on the use of pivots is the Dove Alliance who posted on the USDJPY thread. He advocates using the 5pm EST close for daily pivots.

Here's a comprehensive pivot indicator - you can set the update time, so it will work with any MT 4 broker....
Attached File(s)
File Type: mq4 SDX-TzPivots.mq4   23 KB | 426 downloads
  • #18,067
  • Aug 7, 2008 6:42am Aug 7, 2008 6:42am
Quoting mikkom
I'm gambling a little with ECB. I just don't believe they can raise rates because the EU seems to be slumping so I'll keep my shorts open.

Because everyone seems to be hawkish (I can't understand why) and the price has already risen on anticipation that the rates will be raised or they will say something in lines of that they will be raised this seems to be very good position to short. Anyway, this is a gamble so I could as well be wrong so I'm not keeping a very big short.

That makes two of us. Everyone has a different style. There are only two directions we can go. I can't see how a weak dollar is good for Europe when their economy appears to be in decline.
Redefining Reality
  • #18,068
  • Aug 7, 2008 6:46am Aug 7, 2008 6:46am
Quoting NoBread
I thought your a pound dollar trader and those are the prices?
Maybe not?
I'm sorry, let me specify. Long @ 1.9504 with short term PT @ 1.9538. Once we close above 1.9555 I will load up. Is that what you were talking about?
Don't Get Bitter, Get Better
  • #18,069
  • Aug 7, 2008 6:48am Aug 7, 2008 6:48am
Quoting NuB
I'm sorry, let me specify. Long @ 1.9504 with short term PT @ 1.9538. Once we close above 1.9555 I will load up. Is that what you were talking about?

This makes no sense. Price is 1.5466 now
  • #18,070
  • Aug 7, 2008 6:49am Aug 7, 2008 6:49am
No surprises as expected...the larger moves should be in the statement to follow at 1.30pm(GMT)...

I'm expecting Trichet to be neutral in order to not cause heavy market volatility once again...then again he's French..(no disrespect)..so you never know...

Just my 2 Cents...
  • #18,071
  • Aug 7, 2008 6:49am Aug 7, 2008 6:49am
no bro your in the eur room
  • #18,072
  • Aug 7, 2008 6:50am Aug 7, 2008 6:50am
Quoting seesaw
This makes no sense. Price is 1.5466 now

I'm sure just a typo but it does make me wonder about time travel.

Time traveler from the future perhaps. LOL Better look at the date.
Redefining Reality
  • #18,073
  • Aug 7, 2008 6:51am Aug 7, 2008 6:51am
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  • #18,074
  • Aug 7, 2008 6:52am Aug 7, 2008 6:52am
Quoting piptechnician
I'm sure just a typo but it does make me wonder about time travel.

Time traveler from the future perhaps. LOL Better look at the date.
LOL!
  • #18,075
  • Aug 7, 2008 6:54am Aug 7, 2008 6:54am
Quoting NoBread
no bro your in the eur room
My apologies
Don't Get Bitter, Get Better
  • #18,076
  • Aug 7, 2008 6:55am Aug 7, 2008 6:55am
Quoting NuB
My apologies

Darn I thought we had an edge, just needed to know what time period you were from.
Redefining Reality
  • #18,077
  • Aug 7, 2008 6:55am Aug 7, 2008 6:55am
  • #18,078
  • Aug 7, 2008 6:56am Aug 7, 2008 6:56am

GO Long at 1.5500 to 1.5540 SL 1.5471
GO Long at 1.5440 to 1.5480 SL 1.5425
GO Short at 1.5427 to 1.5380 SL 1.5463

Be Smart, do not enter at this levels in the next Hour, be patient, let price to calm down!

GL

  • #18,079
  • Aug 7, 2008 6:56am Aug 7, 2008 6:56am
Quoting piptechnician
I'm sure just a typo but it does make me wonder about time travel.

Time traveler from the future perhaps. LOL Better look at the date.
On the path to Enrichment.
  • #18,080
  • Aug 7, 2008 6:56am Aug 7, 2008 6:56am
Quoting NuB
My apologies
How the Hell did I get in here. Sorry guys dont mind me.
Don't Get Bitter, Get Better
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