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  • #10,661
  • Apr 9, 2009 2:25am Apr 9, 2009 2:25am
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  • #10,662
  • Apr 9, 2009 2:40am Apr 9, 2009 2:40am
Follow me

https://twitter.com/ferrarifxx
  • #10,663
  • Apr 9, 2009 2:50am Apr 9, 2009 2:50am
So far one hell of a false break at 4634
  • #10,664
  • Apr 9, 2009 2:53am Apr 9, 2009 2:53am
Quoting Ferrari
So far one hell of a false break at 4634
No kidding.......I was weary when I saw price shooting down like that from 1.4690. That kind of pressure usually the other way around.
  • #10,665
  • Apr 9, 2009 3:02am Apr 9, 2009 3:02am
Quoting Ferrari
Ok guys i think you definately have to be signed up to receive all the tweets. I just hooked up my twitter account to skype. Used the link on brv's blog:

http://skypejournal.com/2008/11/twit...r-twitter.html.

I'm getting all the tweets now, skyped to me.
I've yet to get any updates automatically from Twitter I don't know what is wrong with my settings.

I'll try the twitter4skype.

EDIT - T4S works then!
  • #10,666
  • Apr 9, 2009 3:10am Apr 9, 2009 3:10am
So where did you learn to trade BRV?
  • #10,667
  • Apr 9, 2009 3:25am Apr 9, 2009 3:25am
Quoting Ferrari
So where did you learn to trade BRV?
http://www.blogger.com/profile/03943756781983779038
  • #10,668
  • Apr 9, 2009 3:28am Apr 9, 2009 3:28am
Quoting RedCabbage
http://www.blogger.com/profile/03943756781983779038
Sweet, thx.
  • #10,669
  • Apr 9, 2009 4:02am Apr 9, 2009 4:02am
UK BOE MPC meeting coming up soon
  • #10,670
  • Apr 9, 2009 4:29am Apr 9, 2009 4:29am
BRV I just wanted to thank you for sharing your wisdom here. This matches a lot with what i have learned from Chris Lori. I wish you all the best and blessings and long health. I just stareted your pdf and I can say you guys have the holy grail, the problem is it is so simple that everyone can't find it.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #10,671
  • Apr 9, 2009 4:55am Apr 9, 2009 4:55am
Quoting eaglestar
BRV I just wanted to thank you for sharing your wisdom here. This matches a lot with what i have learned from Chris Lori. I wish you all the best and blessings and long health. I just stareted your pdf and I can say you guys have the holy grail, the problem is it is so simple that everyone can't find it.
Welcome aboard!

You're gooing to have a busy weekend reading.
  • #10,672
  • Apr 9, 2009 5:06am Apr 9, 2009 5:06am
Quoting BillyRayValentine
.

So when you see a range like this happening its very obvious that orders are piling up on both sides.

I am just wondering why you guys thought it was going to break to the downside?

I have my support line sitting at 4625 ish but I did find it off of a higher time frame and from that I kind of thought it has a better chance of holding.

When you get PA like that, is it just best that you sit on the sidelines and see what happens when it hits the S/R?
  • #10,673
  • Apr 9, 2009 5:21am Apr 9, 2009 5:21am
Quoting Concept
So when you see a range like this happening its very obvious that orders are piling up on both sides.

I am just wondering why you guys thought it was going to break to the downside?

I have my support line sitting at 4625 ish but I did find it off of a higher time frame and from that I kind of thought it has a better chance of holding.

When you get PA like that, is it just best that you sit on the sidelines and see what happens when it hits the S/R?
It can be tricky. The best breakouts occur when price is not already tremendously oversold or overbought. Like this morning, we got a massive fade off of the highs there and it came racing down, false breakout, whaaa. But if it's creeping and crawling, hits the level, fades just a little bit, and jumps back up, those are usually the best. Its fighting now but I was overall non directional going into the day, playing in the move of PA.
  • #10,674
  • Apr 9, 2009 5:59am Apr 9, 2009 5:59am
Keeping an eye on this level

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  • #10,675
  • Apr 9, 2009 6:04am Apr 9, 2009 6:04am
I don't get it... Markets are bullish, but the Dollar is still going up against Euro and Swissy.
  • #10,676
  • Edited 6:28am Apr 9, 2009 6:09am | Edited 6:28am
Quoting Khalys
I don't get it... Markets are bullish, but the Dollar is still going up against Euro and Swissy.
Correlations do get broken from time to time. The link with equities is dependant on how the markets wind and unwind i.e. where the funding comes from and where it goes when it comes out. For example stock sell off doesn't always end up in dollars as a refuge.

Or the other currencies could be in trouble. USDCAD has collapsed nicely but there you have had some major news releases.

It is good to be aware of things like correlations, fundies and other outside influences but the golden rule is trade what you see.
  • #10,677
  • Apr 9, 2009 7:55am Apr 9, 2009 7:55am
EUR and CHF are going deeper and deeper... I hate correlations when they don't correlate.

Was there any way to anticipate it ? I mean AUD and NZD went up, so did CAD... How do you expert people deal with that kind of day ?
  • #10,678
  • Apr 9, 2009 7:57am Apr 9, 2009 7:57am
Whats driving the current price action? Big move on the euro
  • #10,679
  • Apr 9, 2009 7:58am Apr 9, 2009 7:58am
One of my current trades just woke up everything is almost out of this one got about 70....

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  • #10,680
  • Apr 9, 2009 8:05am Apr 9, 2009 8:05am
Quoting Shermenator
One of my current trades just woke up everything is almost out of this one got about 70....

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Spot on. One of the better moves of the day. That 9084 level has been really significant for a month or so and keeps delivering.
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