Nakagawa Japanese finance minister just said " currency having excessive mouvement..
and he's on high alert on currency market.
and he's on high alert on currency market. "Simplicity is the ultimate sophistication" leonardo da vinci
- #41,762
- Oct 26, 2008 9:33pm Oct 26, 2008 9:33pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Nakagawa Japanese finance minister just said \" currency having excessive mouvement..
Ya think??He must be reading the back posts from last week on the GY thread... thousands of pips in a couple dozen hours could be interpreted as excessive movement I guess.
Hope he wasn't on the wrong side of all that... Great post!!
FUBAR...
- #41,764
- Oct 26, 2008 9:40pm Oct 26, 2008 9:40pm
Thanks, and I think we won't know breakout direction until London. .
I doubt that
And I guarantee you if we go belong 1.2555 for just ten minutes, then I will close my position within an hour and half ( maximum)
Also, the retracment will not go more than 1.2585 or maximum 1.615
This pair now is full with negative signs, I don’t think it will hold until London is open.
There is a reverse cup and handle, there is a revearse flag, MA not in good position
I am short and I will add if break 1.2555
This is what I think, let us see
- #41,765
- Oct 26, 2008 9:43pm Oct 26, 2008 9:43pm
Nakagawa Japanese finance minister just said \" currency having excessive mouvement..
- #41,766
- Oct 26, 2008 9:46pm Oct 26, 2008 9:46pm
I doubt that
And I guarantee you if we go belong 1.2555 for just ten minutes, then I will close my position within an hour and half ( maximum)
Also, the retracment will not go more than 1.2585 or maximum 1.615
This pair now is full with negative signs, I don’t think it will hold until London is open.
There is a reverse cup and handle, there is a revearse flag, MA not in good position
I am short and I will add if break 1.2555
This is what I think, let us see
- #41,767
- Oct 26, 2008 9:49pm Oct 26, 2008 9:49pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #41,768
- Oct 26, 2008 9:50pm Oct 26, 2008 9:50pm
He must be reading the back posts from last week on the GY thread... thousands of pips in a couple dozen hours could be interpreted as excessive movement I guess.
Hope he wasn't on the wrong side of all that... Great post!!
"Simplicity is the ultimate sophistication" leonardo da vinci
- #41,770
- Oct 26, 2008 10:07pm Oct 26, 2008 10:07pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #41,772
- Oct 26, 2008 10:21pm Oct 26, 2008 10:21pm
what resistances is it fooling with around the 70 mark? the gap down, that should be a psyche level right?
Might have to wait for the Euro session to get a clearer idea on the 4H, looks like no trading for me today (Australian).
- #41,774
- Oct 26, 2008 10:24pm Oct 26, 2008 10:24pm
Now it's starting to push all the way up as EU is now gaining momentum this will push further once europe session starts
- #41,778
- Oct 26, 2008 11:09pm Oct 26, 2008 11:09pm
I'm using FXCM and the spreads are currently moving around 8 for EURUSD.. is that a sign of low volatility or the broker being greedy?
I didn't notice such large spreads on majors very often..?
yuck, the eu looks to be pretty volatile to me tonight, but what do i know. I would think they would raise the spread in HIGH volatility times, not low.
3pips here all night with GFT
- #41,779
- Oct 26, 2008 11:53pm Oct 26, 2008 11:53pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
what resistances is it fooling with around the 70 mark?
I've been trying to figure that out for the last few hours. I can't find any good S&R lines besides the ones it's made while doing it, I can't find any pivot lines and I've only found 1 dodgy fib line off a fib number I don't normally trust.
I think this might be the mystery "70" S/R level you're looking for earlier.. I fibbed the lower anchor from the support level at 2735, which goes back into last week to the 21st until it broke cleanly on the 24th.
The 162% extension is picture perfect, and the more importantly, the other levels seem to be respected as well. Enjoy.
FUBAR...
- #41,780
- Oct 27, 2008 12:00am Oct 27, 2008 12:00am
Sorry, I just realized I had forgotten to post this awhile back, this one reflects current price at 11.45 Pm CST on the 1hr. I first saw this fib on my 20m and just x'ferred it to the 1 hr for space sake.
I think this might be the mystery \"70\" S/R level you're looking for earlier.. I fibbed the lower anchor from the support level at 2735, which goes back into last week to the 21st until it broke cleanly on the 24th.
The 162% extension is picture perfect, and the more importantly, the other levels seem to be respected as well. Enjoy.
Funnily enough I've still got my sell limit set at 2735 exactly - I've had it there since Aus open - optimistically waiting. I knew it was a strong S&R line but I didn't explore it as far as you have.
