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  • #80,181
  • Mar 26, 2009 6:59am Mar 26, 2009 6:59am
i think it will be very intrestihg
  • #80,182
  • Mar 26, 2009 6:59am Mar 26, 2009 6:59am
I just grabbed a few pips as we pushed up to the upper line of our triangle. We may just stay above it and go further north from here. But I'm going to wait it out a bit longer in case this is just a headfake.
  • #80,183
  • Mar 26, 2009 7:04am Mar 26, 2009 7:04am
Quoting arthurb
China cant survive without exports, i mean really survive as a state. Last year i spend 6 months in China, so i know what i am talking about and i know from experience not from newspapers or tv. They cant afford to dump the dollar, i am not going into a deep analysis, bcs it is not the place.

peace
of course

For a bull flag to be considered confirmed , the volume should be falling , in fact it isn't, and the flags shouldn't take so long time, you find flags in strong trends, consider eur/usd is still bearish and this is a bear market rally in...
how can i see that volume that you see? Can I get it in realtime free from somewhere?
  • #80,184
  • Mar 26, 2009 7:06am Mar 26, 2009 7:06am
Quoting Ardafx
it seesms to me that the pair will head north towards 1.3680 either today or tomorrow. And after 1.3680 it might head for a huge fall.
Long since 1.3570.

however i admit 5m charts are bearish at the moment.
closed my longs at 1.3620.
i hate news trading.
  • #80,185
  • Mar 26, 2009 7:08am Mar 26, 2009 7:08am
Quoting altrader
how can i see that volume that you see? Can I get it in realtime free from somewhere?
you have to pay for it , those things doesn't come cheap at all.
  • #80,186
  • Mar 26, 2009 7:14am Mar 26, 2009 7:14am
Quoting F.x.
I just grabbed a few pips as we pushed up to the upper line of our triangle. We may just stay above it and go further north from here. But I'm going to wait it out a bit longer in case this is just a headfake.
Yeah closed overnight EUR and AUD longs, not touching anything until after data.
  • #80,187
  • Mar 26, 2009 7:14am Mar 26, 2009 7:14am
Quoting arthurb
you have to pay for it , those things doesn't come cheap at all.
Do you use esignal? I think they might have it.
  • #80,188
  • Mar 26, 2009 7:16am Mar 26, 2009 7:16am
i believe the euro still has a bullish pressure, but it may take a few days before it starts moving up, say next week, as for me, i will stay out untill i see confirmation of a brake upward out of the flag seen on the daily chart.......... happy trading.
  • #80,189
  • Mar 26, 2009 7:19am Mar 26, 2009 7:19am
Quoting TIckerShuffl
Yeah closed overnight EUR and AUD longs, not touching anything until after data.
I have daily going to 3415, 3330, then 3050 over the next 2 weeks to month. How does that sound. I have very low margin with one mini postion on short since 3629...
  • #80,190
  • Mar 26, 2009 8:00am Mar 26, 2009 8:00am
bah...just lost 1.28% on that trade.

I jumped the gun with a short and was punished for it. I should have waited.

Normally at resistance I like to comfortably put a stop above the resistance line and be happy with the short.

What I've noticed is that when price is really really slow for a long time and then suddenly when it moves UP to the resistance area quickly... Be Careful of shorting.

Since it began to move up to the resistance area fast I thought to myself. "ahh good, now I can put a trade down ohh yeah baby". But I was stupid because there was a reason that the thing began to rush up a lot faster than the last few hours.

If anything I should have gone long at the break of resistance and put a tight stop loss in.

There are a lot of 'shoulds' in my writing I know
  • #80,191
  • Mar 26, 2009 8:02am Mar 26, 2009 8:02am
Quoting arthurb
China cant survive without exports, i mean really survive as a state. Last year i spend 6 months in China, so i know what i am talking about and i know from experience not from newspapers or tv. They cant afford to dump the dollar, i am not going into a deep analysis, bcs it is not the place.

peace
of course

For a bull flag to be considered confirmed , the volume should be falling , in fact it isn't, and the flags shouldn't take so long time, you find flags in strong trends, consider eur/usd is still bearish and this is a bear market rally in...

China will suddenly realize that they are more millions than any other country and they don't need to export as soon as more people start to live better. Not need external clients if millions of potential clients are in their own country. They will have all the technology to be independent. China is the country of the XXI century.


Attached the chart of the bull flag.. with volumes decreasing...

I still don't have reasons to short except to hunt stops to clear the way up.
Attached Image (click to enlarge)
Click to Enlarge Name: flag volume.png Size: 29 KB
  • #80,192
  • Mar 26, 2009 8:04am Mar 26, 2009 8:04am
Gah, did not manage to get in with the .3533 long. Oh well, still got a bunch of them running from lower. Expect resistance at .367 now folks.
  • #80,193
  • Mar 26, 2009 8:12am Mar 26, 2009 8:12am
Quoting emda
China will suddenly realize that they are more millions than any other country and they don't need to export as soon as more people start to live better. Not need external clients if millions of potential clients are in their own country. They will have all the technology to be independent. China is the country of the XXI century.


Attached the chart of the bull flag.. with volumes decreasing...

I still don't have reasons to short except to hunt stops to clear the way up.
I will not go on discussing about china , since i see you are misinformed about the matter.

about the flag , i know you are already familiar with the matters of MT4 volumes and i am proposing a picture you are also familiar with.

peace
of course
Attached Image (click to enlarge)
Click to Enlarge Name: getchart.php.png Size: 61 KB
  • #80,194
  • Mar 26, 2009 8:13am Mar 26, 2009 8:13am
good morning all I hope it retraces to 50%
Left Wing, Right Wing, same bird
  • #80,195
  • Mar 26, 2009 8:14am Mar 26, 2009 8:14am
50% at 13594
Left Wing, Right Wing, same bird
  • #80,196
  • Mar 26, 2009 8:18am Mar 26, 2009 8:18am
Quoting emda
China will suddenly realize that they are more millions than any other country and they don't need to export as soon as more people start to live better. Not need external clients if millions of potential clients are in their own country. They will have all the technology to be independent. China is the country of the XXI century.


Attached the chart of the bull flag.. with volumes decreasing...

I still don't have reasons to short except to hunt stops to clear the way up.
Good call I think it will retrace at least to the 50%
Left Wing, Right Wing, same bird
  • #80,197
  • Mar 26, 2009 8:19am Mar 26, 2009 8:19am
I am currently long until the 121 fib level.

See chart below.

I see that we had a bouce at the 61.8% level and I expect price to go up so I'm going to attempt to t/p at 3647.

Entry at 3604.

Stop loss at 3570.

Will see what happens.

When and if i end up being 20pips profit I will probably take half of my position size off the table and move my stop to entry.
Attached Image (click to enlarge)
Click to Enlarge Name: longtill121.jpg Size: 223 KB
  • #80,198
  • Mar 26, 2009 8:25am Mar 26, 2009 8:25am
I am hoping 50% provides good reversal wick
Left Wing, Right Wing, same bird
  • #80,199
  • Mar 26, 2009 8:32am Mar 26, 2009 8:32am
Quoting emda
China will suddenly realize that they are more millions than any other country and they don't need to export as soon as more people start to live better. Not need external clients if millions of potential clients are in their own country. They will have all the technology to be independent. China is the country of the XXI century.


Attached the chart of the bull flag.. with volumes decreasing...

I still don't have reasons to short except to hunt stops to clear the way up.
Hi EMDA,

I think you should listen to Arthur regarding China, as he has run a business over there. He is better informed on the country than you or I.

China are many years away from being a self-sufficient economy and they cannot magic domestic demand out of thin air. This will take time, a lot of government spending on improved social and physical infrastructure. China's consumption share of GDP is only 37%, which is the smallest in the developed world, roughly half the level of the US. Obviously, Chinese consumers need to spend more and US consumers less to address the massive global imbalances, but this adjustment will be slow, gradual and not without pain.

Chinese consumers are reluctant to spend for a number of reasons, with a lack of a social security net being one of the main factors, which encourages consumers to save excessively mainly out of fear, from what I undestand.
  • #80,200
  • Mar 26, 2009 8:37am Mar 26, 2009 8:37am
Geithner opens his pie hole in 23 mins.
Warning, lack of trading is dangerous to your survival......
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