i see lower resistance at 2838, may well break it soon, but if it does probably down again.. we know how it is...
above is based on the current M5.
above is based on the current M5.
- #40,744
- Oct 22, 2008 2:33am Oct 22, 2008 2:33am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #40,747
- Oct 22, 2008 2:49am Oct 22, 2008 2:49am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #40,749
- Oct 22, 2008 3:01am Oct 22, 2008 3:01am
- Joined Apr 2007 | Status: Trader | 2,303 Posts
I woke up and see this Earthquake while I was Dreaming!
Price hit my line to the pip!!! But I was sleeping!
hxįx#$%įxxklw
Price hit my line to the pip!!! But I was sleeping!
hxįx#$%įxxklw
just woke up 
- #40,753
- Oct 22, 2008 3:17am Oct 22, 2008 3:17am
Hi all, this is my first post and I just wanted to introduce myself.
Been reading this thread for some time now and its clear we have some very knowledgeable people here. I hope to be able to share my thought s with you all in the hope of improving all of our trades
So to today, bias is short, I'm looking for a pullback to around 1.2902 again or even 1.2932 if price moves up fairly strongly mbefore entering short.
Good luck all
Been reading this thread for some time now and its clear we have some very knowledgeable people here. I hope to be able to share my thought s with you all in the hope of improving all of our trades
So to today, bias is short, I'm looking for a pullback to around 1.2902 again or even 1.2932 if price moves up fairly strongly mbefore entering short.
Good luck all
- #40,754
- Oct 22, 2008 3:21am Oct 22, 2008 3:21am
Guys, look after yourself as they are all out to get whatever you own.
02:52 USD: Huge Emerging Market Losses Affecting All FX Pairings Sydney, October 22: Analysts are saying that some of the big moves in the major currency pairings of late have been sparked by massive dislocations caused by losses in emerging market equities and currencies. The WSJ is reporting today that throughout Latin America, companies are telling investors they have lost millions, in some cases billions, of dollars due to foreign-exchange gambles that, in some cases, had little to do with their core businesses. The WSJ goes on to say: "Losses from bad-currency bets are ricocheting through the world"s major developing economies, including India and Korea, but for now such losses appear to be most widespread in Brazil and Mexico.
Argentina is facing a fiscal crisis so bad that the government announced that they are seeking to nationalize nearly 30 BLN in private pension funds, which critics say is a move to shore up government finances to try to head off a fiscal crisis in 2009.
Analysts say that fund managers around the world are lifting positions that they have been holding for years and all forms of derivative positions are being forced to close out, including FX options. Both real money and hedge funds are getting out of all forms of risk and the subsequent repatriation and liquidation of funding flows are underpinning the USD. JPY and CHF at the expense of the GBP, EUR, AUD and emerging markets currencies. [email protected]
)
02:52 USD: Huge Emerging Market Losses Affecting All FX Pairings Sydney, October 22: Analysts are saying that some of the big moves in the major currency pairings of late have been sparked by massive dislocations caused by losses in emerging market equities and currencies. The WSJ is reporting today that throughout Latin America, companies are telling investors they have lost millions, in some cases billions, of dollars due to foreign-exchange gambles that, in some cases, had little to do with their core businesses. The WSJ goes on to say: "Losses from bad-currency bets are ricocheting through the world"s major developing economies, including India and Korea, but for now such losses appear to be most widespread in Brazil and Mexico.
Argentina is facing a fiscal crisis so bad that the government announced that they are seeking to nationalize nearly 30 BLN in private pension funds, which critics say is a move to shore up government finances to try to head off a fiscal crisis in 2009.
Analysts say that fund managers around the world are lifting positions that they have been holding for years and all forms of derivative positions are being forced to close out, including FX options. Both real money and hedge funds are getting out of all forms of risk and the subsequent repatriation and liquidation of funding flows are underpinning the USD. JPY and CHF at the expense of the GBP, EUR, AUD and emerging markets currencies. [email protected]
)
"Simplicity is the ultimate sophistication" leonardo da vinci
- #40,755
- Oct 22, 2008 3:22am Oct 22, 2008 3:22am
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
Tell me about it. Actually it could slow down a bit more for my taste. These oversold conditions could cause nasty rallies back up that are hard to time.
- #40,758
- Oct 22, 2008 3:29am Oct 22, 2008 3:29am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
To be fair, I've learnt more about them after reading your posts. I just haven't learnt to use them myself to enter trades.
Pivots are something I'm learning intensely at the moment. I suppose that's how I stumbled upon that little monthly one before.
Yen seems to like mains, if I was stereotyping... and on big wide ranges like lately, I manually draw a line at the mid points between the mains and mids, I call them the QP for quarter points as in 1/4 and 3/4 pivots. Figured that out trading GY when it was a gazillion pips between everything. Also check out PA relative to the Central Pivot (CP), or opening price at 5pm est. Again, this is for more "typical" PA. Where you'd see this work real well is a day or so of consolidation or ranging after a big move.
check this out for starters... it's cheesy but gives the idea.
http://www.forexfactory.com/showpost...ostcount=70303
FUBAR...
- #40,759
- Edited 3:53am Oct 22, 2008 3:29am | Edited 3:53am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
bank of england minutes in an hour this may trigger some volatility.. no brainer its going to be negative.. bull may need to pay attention