double...
- #11,022
- Edited 8:14am Apr 22, 2007 6:31am | Edited 8:14am
- | Commercial User | Joined Sep 2006 | 1,007 Posts
- #11,024
- Apr 22, 2007 1:30pm Apr 22, 2007 1:30pm
- | Commercial User | Joined Sep 2006 | 1,911 Posts
Do not focus on making money; focus on protecting what you have.
- #11,025
- Apr 22, 2007 2:00pm Apr 22, 2007 2:00pm
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Thank you for such an insightful first and probably last post. I will hang on your every word if you ever re-appear.
hi i think gbp go through roof tonight like SHOOOOOT bang! Roof come down.
LOL. Imagine 20-30 guys like that on a forum. We would be laughing for days.
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #11,026
- Apr 22, 2007 2:13pm Apr 22, 2007 2:13pm
- | Commercial User | Joined Sep 2006 | 1,911 Posts
Imagine 20-30 guys like that on a forum. We would be laughing for days.
Do not focus on making money; focus on protecting what you have.
- #11,027
- Edited 4:10pm Apr 22, 2007 4:00pm | Edited 4:10pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Price action on Friday got me clueless at this moment. Lack of important data on Monday and Tuesday (Europe + US), brings price action driven by big funds going for stops.
The good news is that we know it. The bad news is that we don't know which direction. I got a report talking about further cable downside to 9952 (my 78% fib 9902-00131 not traded yet) and in spite of the buyers at 0000 after Retail Sales, the downside can be tripped to bring nice dips to buy (Market is very, very net long atm)
In the other hand, we have seen this before: bad news postponing but now preventing from the inevitable: 0150 stops and above, that was mentioned as target when above 0100.
I will watch first 2 hours of the Tokyo session to see if USD is going to be traded and behavior of carry trades and the Nikkey, possibly to follow NYSE super strong Friday session - in this case (Dow Jones), big figure 13K is next target on this Monday and this can bring a lot of carry trades activity.
If Tokyo does not come crazy, I will leave buy limits at 0000, 9990 (Friday's low + spread) and 9952 fibo + Friday's S3 pivot point. I don't believe in further downside due to lack of news and because 9925 was pre-super-CPI price + Euro very well supported at 1.36 area - suggesting that stops on the upside are likely to be stabbed.
On the upside, buy stops at 0072 (Friday top+spread) and 0100 big figure, just in case the "downside for bottom fishing" scenario does not happen. First target on the upside is 0150. Second, UNKNOWN
Oh, and last but not least, for the 20-pips-SL-ers, Monday and Tuesday will certainly be hard days to trade, with a lot of stop hunting... If not, then we will go very choppy.
Special attention on USD beavior. USD-index traded twice the important 81.5 level. The third will breach and will bring the holocaust to the greenback.
Note that regardless Cable can come down to 9952, my view is bullish, so I'm not shorting it. This scenario is in trouble below 9952 and denied below 9902.
Let's make a buck on this week, ok? whatta hell else we gotta do?
The good news is that we know it. The bad news is that we don't know which direction. I got a report talking about further cable downside to 9952 (my 78% fib 9902-00131 not traded yet) and in spite of the buyers at 0000 after Retail Sales, the downside can be tripped to bring nice dips to buy (Market is very, very net long atm)
In the other hand, we have seen this before: bad news postponing but now preventing from the inevitable: 0150 stops and above, that was mentioned as target when above 0100.
I will watch first 2 hours of the Tokyo session to see if USD is going to be traded and behavior of carry trades and the Nikkey, possibly to follow NYSE super strong Friday session - in this case (Dow Jones), big figure 13K is next target on this Monday and this can bring a lot of carry trades activity.
If Tokyo does not come crazy, I will leave buy limits at 0000, 9990 (Friday's low + spread) and 9952 fibo + Friday's S3 pivot point. I don't believe in further downside due to lack of news and because 9925 was pre-super-CPI price + Euro very well supported at 1.36 area - suggesting that stops on the upside are likely to be stabbed.
On the upside, buy stops at 0072 (Friday top+spread) and 0100 big figure, just in case the "downside for bottom fishing" scenario does not happen. First target on the upside is 0150. Second, UNKNOWN
Oh, and last but not least, for the 20-pips-SL-ers, Monday and Tuesday will certainly be hard days to trade, with a lot of stop hunting... If not, then we will go very choppy.
Special attention on USD beavior. USD-index traded twice the important 81.5 level. The third will breach and will bring the holocaust to the greenback.
Note that regardless Cable can come down to 9952, my view is bullish, so I'm not shorting it. This scenario is in trouble below 9952 and denied below 9902.
Let's make a buck on this week, ok? whatta hell else we gotta do?
- #11,028
- Edited 4:31pm Apr 22, 2007 4:19pm | Edited 4:31pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Price action on Friday got me clueless at this moment. Lack of important data on Monday and Tuesday (Europe + US), brings price action driven by big funds going for stops.
The good news is that we know it. The bad news is that we don't know which direction. I got a report talking about further cable downside to 9952 (my 78% fib 9902-00131 not traded yet) and in spite of the buyers at 0000 after Retail Sales, the downside can be tripped to bring nice dips to buy (Market is very, very net long atm)
In the other hand, we have seen this before: bad news postponing but now preventing from the inevitable: 0150 stops and above, that was mentioned as target when above 0100.
I will watch first 2 hours of the Tokyo session to see if USD is going to be traded and behavior of carry trades and the Nikkey, possibly to follow NYSE super strong Friday session - in this case (Dow Jones), big figure 13K is next target on this Monday and this can bring a lot of carry trades activity.
If Tokyo does not come crazy, I will leave buy limits at 0000, 9990 (Friday's low + spread) and 9952 fibo + Friday's S3 pivot point. I don't believe in further downside due to lack of news and because 9925 was pre-super-CPI price + Euro very well supported at 1.36 area - suggesting that stops on the upside are likely to be stabbed.
On the upside, buy stops at 0072 (Friday top+spread) and 0100 big figure, just in case the "downside for bottom fishing" scenario does not happen. First target on the upside is 0150. Second, UNKNOWN
Oh, and last but not least, for the 20-pips-SL-ers, Monday and Tuesday will certainly be hard days to trade, with a lot of stop hunting... If not, then we will go very choppy.
Special attention on USD beavior. USD-index traded twice the important 81.5 level. The third will breach and will bring the holocaust to the greenback.
Note that regardless Cable can come down to 9952, my view is bullish, so I'm not shorting it. This scenario is in trouble below 9952 and denied below 9902.
Let's make a buck on this week, ok? whatta hell else we gotta do?
- #11,030
- Apr 22, 2007 6:22pm Apr 22, 2007 6:22pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
Do you have any data could support your comment cesarns?
From my chart, cable start to coming down.
From my chart, cable start to coming down.
Price action on Friday got me clueless at this moment. Lack of important data on Monday and Tuesday (Europe + US), brings price action driven by big funds going for stops.
The good news is that we know it. The bad news is that we don't know which direction. I got a report talking about further cable downside to 9952 (my 78% fib 9902-00131 not traded yet) and in spite of the buyers at 0000 after Retail Sales, the downside can be tripped to bring nice dips to buy (Market is very, very net long atm)
In the other hand, we have seen this before: bad news postponing but now preventing from the inevitable: 0150 stops and above, that was mentioned as target when above 0100.
I will watch first 2 hours of the Tokyo session to see if USD is going to be traded and behavior of carry trades and the Nikkey, possibly to follow NYSE super strong Friday session - in this case (Dow Jones), big figure 13K is next target on this Monday and this can bring a lot of carry trades activity.
If Tokyo does not come crazy, I will leave buy limits at 0000, 9990 (Friday's low + spread) and 9952 fibo + Friday's S3 pivot point. I don't believe in further downside due to lack of news and because 9925 was pre-super-CPI price + Euro very well supported at 1.36 area - suggesting that stops on the upside are likely to be stabbed.
On the upside, buy stops at 0072 (Friday top+spread) and 0100 big figure, just in case the "downside for bottom fishing" scenario does not happen. First target on the upside is 0150. Second, UNKNOWN
Oh, and last but not least, for the 20-pips-SL-ers, Monday and Tuesday will certainly be hard days to trade, with a lot of stop hunting... If not, then we will go very choppy.
Special attention on USD beavior. USD-index traded twice the important 81.5 level. The third will breach and will bring the holocaust to the greenback.
Note that regardless Cable can come down to 9952, my view is bullish, so I'm not shorting it. This scenario is in trouble below 9952 and denied below 9902.
Let's make a buck on this week, ok? whatta hell else we gotta do?
- #11,033
- Apr 22, 2007 10:32pm Apr 22, 2007 10:32pm
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #11,034
- Apr 22, 2007 10:32pm Apr 22, 2007 10:32pm
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
- #11,036
- Apr 22, 2007 10:37pm Apr 22, 2007 10:37pm
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
- #11,037
- Apr 22, 2007 10:39pm Apr 22, 2007 10:39pm
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
- #11,039
- Apr 22, 2007 10:43pm Apr 22, 2007 10:43pm
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts