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  • #7,421
  • Jan 21, 2009 2:37am Jan 21, 2009 2:37am
Quoting Shermenator
Whats up guys
Morning Shermenator
  • #7,422
  • Jan 21, 2009 2:37am Jan 21, 2009 2:37am
Quoting RedCabbage
Hi Libb

Thanks, I do have that one but I don't think it'll hold based on this pairs liking of Fibs yesterday.

You traded much yet in 2009?
I went up to some higher TF's and saw that .9390 would be a significant level but now that you mention the fibb's again I see what you're talking about.

I'm slowly getting into 2009. I don't want to jinx it but....so far this year seems to be more predictable(profitable). I'll try to contribute more to the thread, I guess I hesitate because I've never considered myself a "pro".
  • #7,423
  • Jan 21, 2009 2:48am Jan 21, 2009 2:48am
Hi guys,

Check out the 13680 all the way back in 2001. looks like someone put a stake in the ground.

Things heading them ways.
Attached Image (click to enlarge)
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  • #7,424
  • Jan 21, 2009 2:50am Jan 21, 2009 2:50am
Here is something to defently look for price action to take longs

Attached Image (click to enlarge)
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  • #7,425
  • Jan 21, 2009 2:50am Jan 21, 2009 2:50am
Quoting libb
I'm slowly getting into 2009. I don't want to jinx it but....so far this year seems to be more predictable(profitable). I'll try to contribute more to the thread, I guess I hesitate because I've never considered myself a "pro".
None of us are Pros, I just come on here to say what I see and ask the question. Several times I have had a nudge in the right direction from someone on here confirming what I see is right. (or completely wrong!)
  • #7,426
  • Jan 21, 2009 2:52am Jan 21, 2009 2:52am
Siam/Shermenator

Already lined up. Let's hope she holds!
  • #7,427
  • Jan 21, 2009 3:05am Jan 21, 2009 3:05am
Quoting RedCabbage
Scalping opportunity on EURGBP?

9437 good resistance and Fib 61.8%. This pair bounced between 50% and 38.2% yesterday perfectly.
I also have that line on my chart..BUT do u think the news will "mess it up"?
A lot of rapports for gbp today...
kojak
  • #7,428
  • Jan 21, 2009 3:08am Jan 21, 2009 3:08am
Quoting kojak
I also have that line on my chart..BUT do u think the news will "mess it up"?
A lot of rapports for gbp today...
kojak
I am always aware of upcoming news announcements because it can make a mess of things, but usually only in the short term.
  • #7,429
  • Jan 21, 2009 3:09am Jan 21, 2009 3:09am
Quoting kojak
I also have that line on my chart..BUT do u think the news will "mess it up"?
A lot of rapports for gbp today...
kojak
news is always priced in ....only the if the forcast is different you might have a small reaction....news only matters if it can change the sentiment in the market...
  • #7,430
  • Jan 21, 2009 4:49am Jan 21, 2009 4:49am
Just a quick heads up.

9000 option expiry today 3pm GMT on USDJPY. Expect a sell off from this level later.
  • #7,431
  • Jan 21, 2009 6:08am Jan 21, 2009 6:08am
Quoting LadyPenelope
How did everyone (who's trading it) find the Asian session today?

The breakouts worked v. nicely this morning (Sydney time) ...

This is RJG ... I thought that was a bit boring, so I've changed my moniker. Maybe Lady Penelope is even more boring, but I'm sure someone will get it.

Hi, rjg.

Interested to know how the breakouts work in asian session ...can u post some samples...
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #7,432
  • Jan 21, 2009 6:21am Jan 21, 2009 6:21am
hi red and tdeu and you all.what do you think about shorting the eurusd at 1.2955-60 or at R1 at 1.3055 f0r a move down to 1.2743 area.need answers to my earler post about levels that hold
  • #7,433
  • Jan 21, 2009 6:40am Jan 21, 2009 6:40am
Quoting mikeokino
hi red and tdeu and you all.what do you think about shorting the eurusd at 1.2955-60 or at R1 at 1.3055 f0r a move down to 1.2743 area.need answers to my earler post about levels that hold

It all depends on what timeframes suit you best. I work on 4h 1h so 12955 is in too much traffic for me. 13055 is more interesting.

Levels that hold and those that don't... the eternal question! If we knew that then it would be easy.

In trading we only work on probability, if a level is more significant due to time frame or confluence with another point (TL, Fib, round number) it's probability for holding could be higher.

All the information you need is in BRVs posts and attatchments at the beginning of this thread. Reading the whole thread will also help with answers.
  • #7,434
  • Jan 21, 2009 7:22am Jan 21, 2009 7:22am
Not much commentary here on the AUD/USD but from a technical basis, there is a really nice setup occurring. Note the historical S/R on the large timeframes at .6324 - .6337 levels and then look at the near-perfect Gartley pattern forming on the daily chart. The Note how all of the swings are right on the Fib ratios. Some would call this a 1-2-3 bottom but to me, Gartley.

SR
Attached Image (click to enlarge)
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  • #7,435
  • Jan 21, 2009 7:23am Jan 21, 2009 7:23am
maybe a couple of traders went in before that and we're in for a short squeeze before that

t.

Quoting RedCabbage
Just a quick heads up.

9000 option expiry today 3pm GMT on USDJPY. Expect a sell off from this level later.
  • #7,436
  • Edited 7:34am Jan 21, 2009 7:30am | Edited 7:34am
SQUAWK reports big option pos - $100b -expires later in NY sessio at 90.
$JPY now in consolid.. will be watching for later breakout to d/s_??
(stocks diving=yen ++)

...EDIT.....14.32CET
....Bugg*r!!!! sorry tdeu ...didnt see your post..LoL
  • #7,437
  • Jan 21, 2009 7:32am Jan 21, 2009 7:32am
Quoting tdeu
maybe a couple of traders went in before that and we're in for a short squeeze before that

t.
My understanding is that price is squeezed up to 9000 before the expiry.
  • #7,438
  • Jan 21, 2009 7:34am Jan 21, 2009 7:34am
Quoting RedCabbage
Just a quick heads up.

9000 option expiry today 3pm GMT on USDJPY. Expect a sell off from this level later.
yeah it would be good to move from here.Been stuck in the mud.
  • #7,439
  • Jan 21, 2009 7:34am Jan 21, 2009 7:34am
Quoting tdeu
maybe a couple of traders went in before that and we're in for a short squeeze before that

t.
whr can we get more information about option expiry AND how it affects each currency prior to expiration?

on a side note, 3pm GMT means +0 hours rite?
so if im in ASIA... its +8 hours = 11pm? thanks in advance~
  • #7,440
  • Jan 21, 2009 7:34am Jan 21, 2009 7:34am
Quoting seattlerust
Not much commentary here on the AUD/USD but from a technical basis, there is a really nice setup occurring. Note the historical S/R on the large timeframes at .6324 - .6337 levels and then look at the near-perfect Gartley pattern forming on the daily chart. The Note how all of the swings are right on the Fib ratios. Some would call this a 1-2-3 bottom but to me, Gartley.

SR
Thanks SR.

6334 is my next target area on AUDUSD purely from a S/R Fib point of view, so it is interesting to hear further confirmation even though I don't know Gartley.
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