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  • #55,661
  • Jan 11, 2009 10:25pm Jan 11, 2009 10:25pm
now that all of that is over -- I am seeing a drawback to the 3480 to 3520 area (depending on how long (time) it takes) before heading back south to 3350 > 3283 > 3205 tp areas. As you can see my weekly view for euro/usd is short -- any thoughts / views?
  • #55,662
  • Jan 11, 2009 10:25pm Jan 11, 2009 10:25pm
Quoting Cache69
Apology accepted.

It was like a car wreck, you couldn't stop reading.
Please accept mine also. All I can say, in my defence, is that I got caught up in some Rope A Dope Stinging Bee mentality & that, in future, I should keep that mentality to myself & leave the rest of FF {Rookies included} to formulate their own opinions.

Hmmm... That sounds like a One Post Forum Scenario.

Stay within the bounds of Respect & Post what you feel.

WoadSmilie:"Freedom"
  • #55,663
  • Jan 11, 2009 10:29pm Jan 11, 2009 10:29pm
Quoting Bemac
Please accept mine also. All I can say, in my defence, is that I got caught up in some Rope A Dope Stinging Bee mentality & that, in future, I should keep that mentality to myself & leave the rest of FF {Rookies included} to formulate their own opinions.

Hmmm... That sounds like a One Post Forum Scenario.

Stay within the bounds of Respect & Post what you feel.

WoadSmilie:"Freedom"
I do, Thank you.
  • #55,664
  • Jan 11, 2009 10:32pm Jan 11, 2009 10:32pm
Quoting Spsantos
Made a double bottom, i'm watching in the sidelines.

It's possible that London session will end the move started after the NFP, going south even more. My best "advice" is to wait for it to break(whatever way) out of this area.

As Spsantos stated...let it work its way either up or down..
double bottom 30 min period.

sma's (13, 8, 4) up to 4 Hr are Short Orders...the daily, Wkly, are not.
The Daily RSI is now crossing down below. All other periods are below 50 at this time.

Im going to wait for London session to see the rest of the story...
  • #55,665
  • Jan 11, 2009 10:32pm Jan 11, 2009 10:32pm
Downside could be dramatic, but if bull scenario plays out will end the week with a long tail breaking down into 200SMA on weekly, recovering back up by end of week. Just a guess.
  • #55,666
  • Jan 11, 2009 10:37pm Jan 11, 2009 10:37pm
Trichet Speaks at 2AM EST...what kind of spin we gonna get outa that?

Oh boy.
  • #55,667
  • Jan 11, 2009 10:46pm Jan 11, 2009 10:46pm
Quoting JammerJams
Im going to wait for London session to see the rest of the story...
Yeah, me too. It could go eitherway
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  • #55,668
  • Jan 11, 2009 10:50pm Jan 11, 2009 10:50pm
isn't safe for buy position?
coz i have 2 post buy on eu
  • #55,669
  • Jan 11, 2009 11:10pm Jan 11, 2009 11:10pm
over the last couple months this pair is starting to act more and more like the beast. and for those of you watching the dragon....notice it has calmed down??
--post hoc ergo propter hoc--
  • #55,670
  • Jan 11, 2009 11:38pm Jan 11, 2009 11:38pm
everyone pass out or give up??
--post hoc ergo propter hoc--
  • #55,671
  • Jan 11, 2009 11:42pm Jan 11, 2009 11:42pm
Not passed out but a bit puzzeled . Beast? Dragon? Could anyone explain? TKX
  • #55,672
  • Jan 11, 2009 11:47pm Jan 11, 2009 11:47pm
Quoting sailor6
Not passed out but a bit puzzeled . Beast? Dragon? Could anyone explain? TKX
GBP/JPY is sometimes referred to as the beast or the dragon.
A year ago on a GOOD day the Eur/Usd would move 50-75 pips. And typically there was a weekly direction that was easy to trade.

The GBP/JPY would / could move 4-600 pips in an afternoon in both directions.
Hence The Beast
--post hoc ergo propter hoc--
  • #55,673
  • Jan 11, 2009 11:50pm Jan 11, 2009 11:50pm
Sell Now & hope I'm still online to tell you when to get out...

OR

Grow a little.

1.3412 Late West
  • #55,674
  • Jan 11, 2009 11:58pm Jan 11, 2009 11:58pm
Could the calming down temporary and volatility to resume once data or news start to flow? This week looks fairly promissing. TKX
  • #55,675
  • Jan 12, 2009 12:00am Jan 12, 2009 12:00am
look you guys, only sydney is open. japan is closed.

england is the largest market mover. the US is the second.

We are coming off the weekend. things will move better at the euro open.
  • #55,676
  • Jan 12, 2009 12:03am Jan 12, 2009 12:03am
i like how they have Trichet speaking an hour before the open.
--post hoc ergo propter hoc--
  • #55,677
  • Jan 12, 2009 12:06am Jan 12, 2009 12:06am
Quoting Turhovach
Let's see, you've never heard of Bemac and yet you've come to the conclusion that he's just an average trader. Interesting.

Bemac, and just about every other trader you've managed to mock and insult on this forum has contributed more to the folks on this message board (especially the so-called "newbies") then you can ever know. But hey, don't let that stop you. Why would taking the time to learn about someone before insulting them be of any merit?

When these guys and gals make a contribution to this message board, they invariably back it...
I thought you would have been flooded by kudos for this post {Not for me but for the Rooks} & therefore left mine a little late.
Thank you for the liberance &
Kudos to your control of verbage.
Well said.
  • #55,678
  • Jan 12, 2009 12:08am Jan 12, 2009 12:08am
Quoting Bemac
Sell Now & hope I'm still online to tell you when to get out...

OR

Grow a little.

1.3412 Late West

2 x 12 is 4 times a six pack. Hope to sink them all today.
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  • #55,679
  • Jan 12, 2009 1:46am Jan 12, 2009 1:46am
Any idea what Trinket is saying....Euro is going beserk!
  • #55,680
  • Jan 12, 2009 1:51am Jan 12, 2009 1:51am
Quoting Pips_Hunter
Any idea what Trinket is saying....Euro is going beserk!
Hi, where are you watching this live at btw?
492 traders viewing now