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  • #111,721
  • Jun 17, 2009 11:18pm Jun 17, 2009 11:18pm
hope to see a bullish breakout today
prepare for worst & expect the best
  • #111,722
  • Edited 11:40pm Jun 17, 2009 11:20pm | Edited 11:40pm
Morning everybody , price stays at the same level last night seen, big bear pattern still there to play if intact with time ,priice within up channel & H4,H1.H2 & daily candles all up + bull set up already for long time & matured to go up. Still get the oppurtunity for big up or down.

I see tripple top with apparently failed bull run though in up channel developing antitrend shorts to most safe levels or 1.3936 to 1.3905 & even may go 1.3987 /1.3841 without breaking channels .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #111,723
  • Jun 17, 2009 11:20pm Jun 17, 2009 11:20pm
I went short at 1.3943 earlier today, about 6 hours ago based on the downward channel that formed on the 4h chart. My stop is above the previous high at 1.4000. I'll let it open overnight, during the london session and see what happens, hopefully it goes down to the previous low where my take profit is. Let's see what happens.
On a journey to consistency.
  • #111,724
  • Jun 17, 2009 11:30pm Jun 17, 2009 11:30pm
Quoting kentashiburo
Equity rally, an excuse to hunt for stops, they found one
It is one of those days in the FX markets where the breadth and depth of market interest is narrow enough so that a few orders or players can move markets big distances. For most of the session, FX activity was minimal, with dealers adjusting prices up and down with the moves in equities. In post European markets, where breadth and depth is even narrower than earlier, a rally in equities sent the USD and JPY spinning lower on a broad front. [color=blue][b]EUR/USD traders took the opportunity...
How dey do dat? No, seriously, how do the dealers move the market price of a currency pair? I am not doubting that it can be done and that it is done with regularity, but all the same - how? And when one understands how? and why? - may one also understand when? and, how far? And with that understanding can one surf the dealers' moves to like, way awesome profits?

What do you know?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #111,725
  • Jun 17, 2009 11:32pm Jun 17, 2009 11:32pm
Quoting The Fool
How dey do dat? No, seriously, how do the dealers move the market price of a currency pair? I am not doubting that it can be done and that it is done with regularity, but all the same - how? And when one understands how? and why? - may one also understand when? and, how far? And with that understanding can one surf the dealers' moves to like, way awesome profits?

What do you know?
totally gnarly dude.
  • #111,726
  • Jun 17, 2009 11:34pm Jun 17, 2009 11:34pm
this stall in pa is starting to pmo.
  • #111,727
  • Jun 17, 2009 11:42pm Jun 17, 2009 11:42pm
Quoting 2+2=4ex
this stall in pa is starting to pmo.
same here. been stuck in the buy trade for 5hours and still going nowhere. :|
prepare for worst & expect the best
  • #111,728
  • Jun 17, 2009 11:47pm Jun 17, 2009 11:47pm
Quoting kentashiburo
Equity rally, an excuse to hunt for stops, they found one
It is one of those days in the FX markets where the breadth and depth of market interest is narrow enough so that a few orders or players can move markets big distances. For most of the session, FX activity was minimal, with dealers adjusting prices up and down with the moves in equities. In post European markets, where breadth and depth is even narrower than earlier, a rally in equities sent the USD and JPY spinning lower on a broad front. [color=blue][b]EUR/USD traders took the opportunity...
Gee, sounds like "they" MANIPULATED price (quite a distance, too) to take out stops (replace the previous owners of short trades with THEMSELVES as the new owners of the short trades), all in total disregard for any real relative values of the currencies, or anything else excepting that they could AND DID so, for the sole purpose of profit/stealing away short positions from others.

Gee, sounds like a significant DOWN move is in the future....to make all those stolen shorts positions profitable for their new owners.

Gee, sounds like a condemnation for using Stop Losses as a money management tool.
  • #111,729
  • Edited Jun 18, 2009 12:08am Jun 17, 2009 11:51pm | Edited Jun 18, 2009 12:08am
Quoting tony_dtrader
same here. been stuck in the buy trade for 5hours and still going nowhere. :|
Wish they move up today as most channels ( price over mid levels specially h4 ) , candles are UP , QQE H4 crossed 50 up but lower TF crossed down with tripple tops apparently go down some extent at least .developing shorts for time being only.
fontu

Most safe shorts tp at 1.3930 and also few pips longs , better take a tea, enough for this morning .
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #111,730
  • Jun 18, 2009 12:05am Jun 18, 2009 12:05am
IT Gonna drop a lil good for scalping 5-10p's hard1's
Know the bull, walk the bear.
  • #111,731
  • Jun 18, 2009 12:10am Jun 18, 2009 12:10am
This is retarded, there is no confidence in this move, its channeling down but its going up inside the channel on daily charts.

MA20 on daily is on top @ 1.4011

Daily R1 @ 1.4016

Weekly Pivot and Psyco is right on 1.4000

To top all that channel resistance @ 1.4035-50

This thing needs a small push up, then we can rock and roll on the way down.
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #111,732
  • Jun 18, 2009 12:11am Jun 18, 2009 12:11am
5pip scalp successful. GO gear. on the long run it may go down(according to my charts)
Know the bull, walk the bear.
  • #111,733
  • Jun 18, 2009 12:13am Jun 18, 2009 12:13am
Quoting Liger86
This is retarded, there is no confidence in this move, its channeling down but its going up inside the channel on daily charts.

MA20 on daily is on top @ 1.4011

Daily R1 @ 1.4016

Weekly Pivot and Psyco is right on 1.4000

To top all that channel resistance @ 1.4035-50

This thing needs a small push up, then we can rock and roll on the way down.
Indeed. agree
Know the bull, walk the bear.
  • #111,734
  • Jun 18, 2009 12:14am Jun 18, 2009 12:14am
she's goin' down like a loose woman!!
  • #111,735
  • Jun 18, 2009 12:19am Jun 18, 2009 12:19am
Quoting traderathome
EU M30: Not sure it is going up. Double Top "M"? At significant SR area? And look at the high relative volume at the top (red bar)...! May be just a pump to dump move, which the asian traders are good at.
After much up/down with top heavy volume (shorting), it finally made a true break down thru mR1. Target likely is central pivot 1.3911.....
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  • #111,736
  • Jun 18, 2009 12:21am Jun 18, 2009 12:21am
Quoting 2+2=4ex
she's goin' down like a loose woman!!
Boys...we is tryin to run a genteel establishment here. Please comport yourselfs with a little more dignity.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #111,737
  • Jun 18, 2009 12:22am Jun 18, 2009 12:22am
expected moves u may wanna keep in ur maind
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Senior Trader Multi-Account Manager
  • #111,738
  • Jun 18, 2009 12:24am Jun 18, 2009 12:24am
Quoting The Fool
Boys...we is tryin to run a genteel establishment here. Please comport yourselfs with a little more dignity.
Dignity is my middle name
  • #111,739
  • Jun 18, 2009 12:26am Jun 18, 2009 12:26am
Isn't it obvious which way it's headed?!

Not one high is higher than the previous.

See you all in the basement!
  • #111,740
  • Jun 18, 2009 12:27am Jun 18, 2009 12:27am
I would wait for 1.382 projection of yesterdays move
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ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
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