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  • #43,561
  • Nov 5, 2008 4:10pm Nov 5, 2008 4:10pm
Quoting cobraforex
grabed it late for only 18 pips scalped but is something.
Nice. Good trade. I took a close look at your chart. You really did a very good job in putting that system together on MT4. Nice work!
  • #43,562
  • Nov 5, 2008 4:13pm Nov 5, 2008 4:13pm
This, from Boris Schlossberg --

"The glum results of the economic data point to the possibility of bigger than expected rate cuts from both the BOE and the ECB tomorrow. Presently the consensus calls are for a 50bp reduction from both central banks, but many market participants are starting to handicap the possibility of a 75bp or even a more dramatic 100bp move from the European monetary authorities."

Boy, IF that should happen, look for one heckuva move...
  • #43,563
  • Nov 5, 2008 4:17pm Nov 5, 2008 4:17pm
Quoting Turhovach
Nice. Good trade. I took a close look at your chart. You really did a very good job in putting that system together on MT4. Nice work!
I need to thank you for showing your charts here, stepping my fat nose in, I thought it is a promising system and it is.
I'm still working on fining it up a bit and setting an alarm for the candle color that we don't need to babysit the monitor all the time.
Thank you
  • #43,564
  • Nov 5, 2008 4:17pm Nov 5, 2008 4:17pm
On 30 minute chart, the white retrace candle is being nullified and prospects are for continuation of run down. Just an opinion, but 1.2850 area looks likely target. If it gets there, see how it looks then. 1.2800 would be next target.
Attached Image (click to enlarge)
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  • #43,565
  • Nov 5, 2008 4:21pm Nov 5, 2008 4:21pm
Quoting Turhovach
This, from Boris Schlossberg --

\"The glum results of the economic data point to the possibility of bigger than expected rate cuts from both the BOE and the ECB tomorrow. Presently the consensus calls are for a 50bp reduction from both central banks, but many market participants are starting to handicap the possibility of a 75bp or even a more dramatic 100bp move from the European monetary authorities.\"

Boy, IF that should happen, look for one heckuva move...
Wow, that means: fasten the seatbelts and parachutes.
  • #43,566
  • Nov 5, 2008 4:21pm Nov 5, 2008 4:21pm
Quoting eddiemiller
I think with the pending UK and ECB rate cuts being announced this week the price can only dive for the rest of the week.

Just what I think, trades going down.
Dive until Friday am, when lots o Neg USD data comes out.......
  • #43,567
  • Nov 5, 2008 4:24pm Nov 5, 2008 4:24pm
As I understand it here in the UK we are looking at a cust of 1% to 3.5% with dates to reach 2% by this time next year.... according to my mortgage broker and best friend.

That should help the dive don't you think?
  • #43,568
  • Nov 5, 2008 4:27pm Nov 5, 2008 4:27pm
Quoting traderathome
On 30 minute chart, the white retrace candle is being nullified and prospects are for continuation of run down. Just an opinion, but 1.2850 area looks likely target. If it gets there, see how it looks then. 1.2800 would be next target.
I agree with you Traderathome. PA needs to get through Acumen's 2920 Psych, 2916 61.8% Fib (today's hi/lo) and 2900 psych. All that will keep it under both the 8sma and 50ema - but it needs some help.

I've read all your messages on BollingerBands today. Curious as to how you can predict breakout when you're not in a "squeeze". That is not a facetious question. I like the method and am trying to learn the nuances of it.

I gotta say that Turhovach's system may be the easiest of the bunch. Simple and straightforward. I now use them both, for confirmation. One can never have enough confirms, speaking of which, price is still trying to plow through 2925.

Here's my chart.
Attached Image
Up or down, gimme a ticket
  • #43,569
  • Nov 5, 2008 4:28pm Nov 5, 2008 4:28pm
I would love to review all that Cobra has done with Turhovach's system on your website, but I'm afraid to take my eye off the screen. Will probably be in that mode for the next 2 and 1/2 hours.
Up or down, gimme a ticket
  • #43,570
  • Nov 5, 2008 4:42pm Nov 5, 2008 4:42pm
Quoting SpecialEd
I would love to review all that Cobra has done with Turhovach's system on your website, but I'm afraid to take my eye off the screen. Will probably be in that mode for the next 2 and 1/2 hours.
No changes on the web still, will give a hint when it's ready.
  • #43,571
  • Nov 5, 2008 4:48pm Nov 5, 2008 4:48pm
Pivots for today at 5pm EST...
H = 3115
L = 2792
C = 2953

Nearby Quarter Pivots at 2983, 2913, and 2832
Attached Image
FUBAR...
  • #43,572
  • Nov 5, 2008 4:52pm Nov 5, 2008 4:52pm
Quoting ak4x
Pivots for today at 5pm EST...
H = 3115
L = 2792
C = 2953
Hello AK4X. Guess your Guv's back on the job...
Up or down, gimme a ticket
  • #43,573
  • Nov 5, 2008 4:54pm Nov 5, 2008 4:54pm
if anyone interested eur/aud on the move maybe. i got 107 pips out of it..just broke a upper descending wedge to the up side with room.. moved 500 in 12 hours is the draw back
those who can, do. those who cant, talk about those who can
  • #43,574
  • Nov 5, 2008 4:56pm Nov 5, 2008 4:56pm
wedge on my 180X10 minute chart
those who can, do. those who cant, talk about those who can
  • #43,575
  • Nov 5, 2008 4:58pm Nov 5, 2008 4:58pm
the day has come i have been waiting for all week. ecb rate cuts. the way i see it...today will be at least a "buy the rumor sell the news". in other words in preparation for the rate cut the dollar should gain ground during the asian session through london session. at which point...the drop can continue or reverse. we are currently in a triangle which has reached the end of the road...breakout is imminent and i got my money pointed south with a small short position with hopefully a large enough stop loss to not be wrong. we may retap the triangle on the larger timeframe which currently has upper wall at 1.3100...if we do reach that point...a larger position will definetely follow... good pippin all as today we are going to see magic happen

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Different opinions highly valued, ignorant to slander.
  • #43,576
  • Nov 5, 2008 5:07pm Nov 5, 2008 5:07pm
Hi PSI,

what timeframe are you looking at for the chart that you just posted. Sorry, i can't see it clearly

Thanks
  • #43,577
  • Nov 5, 2008 5:13pm Nov 5, 2008 5:13pm
Quoting jc trader
Hi PSI,

what timeframe are you looking at for the chart that you just posted. Sorry, i can't see it clearly

Thanks
15minutes....heres the bigger triangle on the 4h timeframe as well


Attached Image (click to enlarge)
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Different opinions highly valued, ignorant to slander.
  • #43,578
  • Nov 5, 2008 5:14pm Nov 5, 2008 5:14pm
eur/aud long term heading up. and on 10/10/08 was 2000 pips higher then now. just broke a descending wedge started on 10/10/08. appears to be heading north. i know this is not the normal pair here but thought i would let others know. oh if anyone wants to give their opinion that great also. i did say 2 thousand pip!
those who can, do. those who cant, talk about those who can
  • #43,579
  • Nov 5, 2008 5:15pm Nov 5, 2008 5:15pm
Quoting SpecialEd
Guess your Guv's back on the job...
Not sure you can ever go back... same place, different person.

Shorts all looking good here. Initial target a'rd S1 or a tad above it at the figure maybe for now, coincides with asian lows last night. Waiting to see if the asian session has any power in it or not. If it opens with a bang then I'll reevaluate lower targets.

Don't see any reason for it to go higher atm, but I'm not actually thinking about this very hard either, just drawing a line on the chart at previous low and we'll see. FWIW, Gy and Ej 1hr currently sitting on strong MA support levels.

EU shorts from 3026, EJ from 29.40/28.85, and a single GY left from 60.67.

On EU, 1hr 62ema coincides with M2, and 89sma is about a dozen pips above S1... So. Good a place as any.
FUBAR...
  • #43,580
  • Nov 5, 2008 5:29pm Nov 5, 2008 5:29pm
thanks psi
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