USD Est Non Mortuus
- #30,502
- Sep 15, 2008 7:03pm Sep 15, 2008 7:03pm
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
- #30,505
- Sep 15, 2008 7:21pm Sep 15, 2008 7:21pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
not necessarily....its 50% expected to be a rate cut...just the rumor could make the euro rally...well see
So no I don't think so.
- #30,506
- Sep 15, 2008 7:34pm Sep 15, 2008 7:34pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #30,508
- Sep 15, 2008 8:02pm Sep 15, 2008 8:02pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
- #30,509
- Sep 15, 2008 8:17pm Sep 15, 2008 8:17pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
Many times i saw false breakout watch out
http://forexfactory.com/showpost.php...ostcount=30469
You know how when you see the the price action get squashed smaller and smaller until something has to give and then boom, you get a break out?
Another way to look at it is the squeezing of bollinger bands.
But is that what that chart of yours could also mean?
- #30,510
- Sep 15, 2008 8:24pm Sep 15, 2008 8:24pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Quick question, but see how on your chart, the two trendlines and intersect creating that triangle?--is that what one of those 'wedges' that signifies that a breakout is just around the corner?
http://forexfactory.com/showpost.php...ostcount=30469
You know how when you see the the price action get squashed smaller and smaller until something has to give and then boom, you get a break out?
Another way to look at it is the squeezing of bollinger bands.
But is that what that chart of yours could also mean?
Different opinions highly valued, ignorant to slander.
- #30,512
- Sep 15, 2008 8:30pm Sep 15, 2008 8:30pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
did u forget about ZEW economic sentiment ?
Surely this moves eu.
Actually did overlook it but I still believe FOMC is the Mac Daddy of announcements, but ZEW could very well have a greater effect.
Hours from now we will know.
- #30,514
- Sep 15, 2008 8:32pm Sep 15, 2008 8:32pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #30,515
- Sep 15, 2008 8:38pm Sep 15, 2008 8:38pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
it was my chart and i dont use boilinger bands as i find them to be lagging indicators like most indicators. but you are correct...usually after such a huge triangle once the end of the road is reached a violent breakout happens. in this particular case...the last hourly candlestick opened below the triangle indicating a bear run will follow. however it could be a falsie so before determining that a strong support must be broken...in this case i see it as 1.4205
I'm still learning lots from everyone here
- #30,516
- Sep 15, 2008 8:45pm Sep 15, 2008 8:45pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
- #30,517
- Sep 15, 2008 8:46pm Sep 15, 2008 8:46pm
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
ZEW sentiment is in a word "Scheiße"
Actually did overlook it but I still believe FOMC is the Mac Daddy of announcements, but ZEW could very well have a greater effect.
Hours from now we will know.
but i notice some yen weakness lately (2h)
aussie is struglin at my projected support
however crude is falling
well hard time for me to decision to any direction
Mixed uncoralated market now.
better wait with opening big posistion.
- #30,519
- Sep 15, 2008 8:59pm Sep 15, 2008 8:59pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #30,520
- Sep 15, 2008 9:05pm Sep 15, 2008 9:05pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
