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  • #24,281
  • Aug 26, 2008 10:59pm Aug 26, 2008 10:59pm
Quoting HarshFX
Could the downtrend be over for today according to the chart? Who knows - time will tell.
DAMN, Love it when I'm right and hate it when I'm wrong...

- Happy Trading everyone
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  • #24,282
  • Aug 26, 2008 11:01pm Aug 26, 2008 11:01pm
Quoting lasty
Many factors.
1. Could be a large player trying to trigger stops
2. Could be a large buy order.
3. A Cross play being executed.
4. News (but on this occasion unlikely)
5. Thin market (lunchtime square up)
bro thanks.. can explain

1) what do they gain by triggering stops?

3 and 5 ) whats that?
  • #24,283
  • Aug 26, 2008 11:02pm Aug 26, 2008 11:02pm
Quoting SunTrader
Also what I think happened this time (guessing though) is an order error in one market triggered reactions elsewhere. Since the SP futures had some weird gyrations in after hours electronic session too.
Also don't forget that Asia sold Euro's in yesterdays session -- Today they are just buying them back

London session also sold Euro's aggressively yesterday -- will they buy them back as well or fade this Asian buy back? Time will tell
Pippin ain't easy, but it sho is fun!
  • #24,284
  • Aug 26, 2008 11:05pm Aug 26, 2008 11:05pm
immediate resistance at 1.4744, should go for a retracement before continuing inching up..
"Building Wealth By Confidence, Consistency, & Compounding"
  • #24,285
  • Aug 26, 2008 11:07pm Aug 26, 2008 11:07pm
Quoting kodie2006
Please refer to post #24150:

Many central banks have already stated their "fair value" price for this pair at 1.45~ by year end. Knowing that we are already in this zone, I believe this pair will consolidate between 1.4500 - 1.5000 for the coming months. We may see a brief blip to 1.4350-1.4400, but expect a sharp bounce from those levels.

Understand that the market has been pricing in the easing of the ECB over the past month+. Interest rate differentials are still the same and will be for quite some time. I don't think we see this pair move from this range until either the US hikes rates OR the ECB lowers rates. Until then, expect choppy sideways trading until someone makes the rate move!

Enjoy!
Hi kodie,

Where did you get this information?

It looks very interesting, can you please post links or something?
  • #24,286
  • Aug 26, 2008 11:08pm Aug 26, 2008 11:08pm
Quoting kodie2006
Also don't forget that Asia sold Euro's in yesterdays session -- Today they are just buying them back

London session also sold Euro's aggressively yesterday -- will they buy them back as well or fade this Asian buy back? Time will tell
Good thing they buy back to sell again when lots on board , the big players doing it? lol!
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #24,287
  • Aug 26, 2008 11:09pm Aug 26, 2008 11:09pm
Quoting daanman3
Hi kodie,

Where did you get this information?

It looks very interesting, can you please post links or something?
These are all known facts daanman3. Listen and watch what central banks say and you will be rewarded
Pippin ain't easy, but it sho is fun!
  • #24,288
  • Aug 26, 2008 11:10pm Aug 26, 2008 11:10pm
Quoting fontu
Good thing they buy back to sell again when lots on board , the big players doing it? lol!
Quite possible, getting a good starting point for a 400-450 run south.
Quoting kodie2006
These are all known facts daanman3. Listen and watch what central banks say and you will be rewarded
Yeah, it's been mentioned since April.
On the path to Enrichment.
  • #24,289
  • Aug 26, 2008 11:11pm Aug 26, 2008 11:11pm
You guys can't be serious!?!?!



Originally Posted by lasty http://www.forexfactory.com/images/buttons/viewpost.gif
Many factors.
1. Could be a large player trying to trigger stops
2. Could be a large buy order.
3. A Cross play being executed.
4. News (but on this occasion unlikely)
5. Thin market (lunchtime square up)

Quoting SunTrader
Also what I think happened this time (guessing though) is an order error in one market triggered reactions elsewhere. Since the SP futures had some weird gyrations in after hours electronic session too.
  • #24,290
  • Aug 26, 2008 11:11pm Aug 26, 2008 11:11pm
Quoting SunTrader
A 60m chart without comments. Leave it to y'all to decide since most won't listen anyway.

Before the first real session starts.

I'm listening... with about 5 lots.

Mike
  • #24,291
  • Aug 26, 2008 11:12pm Aug 26, 2008 11:12pm
Quoting kodie2006
These are all known facts daanman3. Listen and watch what central banks say and you will be rewarded
Where did you hear this information?
  • #24,292
  • Aug 26, 2008 11:13pm Aug 26, 2008 11:13pm
Quoting daanman3
Where did you hear this information?
Directly from the central banks' mouths! Is there not a better source?
Pippin ain't easy, but it sho is fun!
  • #24,293
  • Aug 26, 2008 11:18pm Aug 26, 2008 11:18pm
Quoting kodie2006
Directly from the central banks' mouths! Is there not a better source?
If you can't provide sources or links then you should not be posting this information.

I find it hard to believe that there is no information on this on the internet.
  • #24,294
  • Aug 26, 2008 11:23pm Aug 26, 2008 11:23pm
Quoting Rocroy
You guys can't be serious!?!?!


Of my possible explanation. Yes I am serious. In case you have never heard, when it happens it is called a "fat finger entry". There have been many infamous instances.

I don't know if that was the case this time. Maybe just as some have equally "speculated", buying by the Asians yada yada blah blah blah.

I don't care the reason. I just watch and decide what I am going to do. When someone looks for the reason why, it is because there are looking for reasons to blame for when they lose.

Losers look for reasons, traders trade.
  • #24,295
  • Aug 26, 2008 11:24pm Aug 26, 2008 11:24pm
Suntrader, everybody has their own way of drawing trendlines, but I'm not sure how you got yours..
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On the path to Enrichment.
  • #24,296
  • Aug 26, 2008 11:24pm Aug 26, 2008 11:24pm
Quoting kodie2006
Directly from the central banks' mouths! Is there not a better source?
Out of which lips, the ones they sit on.

  • #24,297
  • Aug 26, 2008 11:25pm Aug 26, 2008 11:25pm
Looks like it's been channeling andrew's pitchfork well. But running into resistance from the 100% fib level. I don't thnk this is a sustainable gain.
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  • #24,298
  • Aug 26, 2008 11:25pm Aug 26, 2008 11:25pm
Quoting daanman3
If you can't provide sources or links then you should not be posting this information.

I find it hard to believe that there is no information on this on the internet.
Sorry, I won't post factual information anymore then. I am too lazy to go hunting for the articles that states this info. Maybe I would recommend paying more attention to the wires.
Pippin ain't easy, but it sho is fun!
  • #24,299
  • Aug 26, 2008 11:26pm Aug 26, 2008 11:26pm
Quoting SunTrader
Out of which lips, the ones they sit on.


ooooooooooooooooooooooooooo
  • #24,300
  • Aug 26, 2008 11:27pm Aug 26, 2008 11:27pm
Quoting SunTrader
Out of which lips, the ones they sit on.

Stop.

No more.

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