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  • #123,581
  • Jul 21, 2009 2:51am Jul 21, 2009 2:51am
Quoting trading801
ok ... both " penetrated "

lol sounds .. nevermind
I know, I know... Not my native language so there might be a better word for this.
  • #123,582
  • Jul 21, 2009 2:52am Jul 21, 2009 2:52am
Quoting Alihuzaifa
how you differentiate between broken and penetration...any idea?
For me everything below hourly charts are just noise. So an hourly close below the pivot could be a sign... Actually I'm not that sure about my positions at the moment. I'm sure it will go up this week but I don't know how deep it goes before.
  • #123,583
  • Jul 21, 2009 2:55am Jul 21, 2009 2:55am
Daily Report.

Trade Idea: EUR/USD - Hold Short Entered At 1.4215

Despite rallying to 1.4250 yesterday, the subsequent retreat suggests as long as this level holds, further consolidation below there would take place and mild downside bias remains for minor correction towards the Kijun-Sen (now at 1.4109). However, it is necessary to see a break below there to signal a temporary top has been formed and extend decline to 1.4081 (50% Fibonacci retracement of 1.3911 to 1.4250), then 1.4040 (61.8% Fibonacci retracement).

Dollar Recovers as Bernanke Outlined Exit Strategies ahead of Testimony

Dollar recovers in Asian session today after Fed Chairman Bernanke pre-empted his testimony with an article titled "The Fed's Exit Strategy" in WSJ. Bernanke said that while "accommodative policies will likely be warranted for an extended period," Fed was confident of the "necessary tools to withdraw policy accommodation." And, Fed will need to "tighten monetary policy to prevent the emergence of an inflation problem" down the road. To achieve this, Fed has four options, including firstly, by reverse repurchase agreements that reduce excess liquidity; secondly, sell bills and deposits the proceeds with Fed; thirdly, offer term deposits to banks; fourthly, selling a portion of its long-term securities holdings. All focus will turn to the semi-annual testimony in the US session for further details.

Source : ActionForex
  • #123,584
  • Jul 21, 2009 2:55am Jul 21, 2009 2:55am
Quoting Xaron
For me everything below hourly charts are just noise. So an hourly close below the pivot could be a sign... Actually I'm not that sure about my positions at the moment. I'm sure it will go up this week but I don't know how deep it goes before.
i am talking abouit general idea not just for this particular situation coz most time traders lost money being confused with penetration and broke.including my self...need some solid solution for this.
  • #123,585
  • Jul 21, 2009 2:58am Jul 21, 2009 2:58am
Quoting Alihuzaifa
how you differentiate between broken and penetration...any idea?

actually this is really a good point to differentiate between both this

If you're long EURO/USD in a few hours, it will feel like penetration.

The difference is : no kisses.
  • #123,586
  • Jul 21, 2009 2:59am Jul 21, 2009 2:59am
Quoting toshi
If you're long EURO/USD in a few hours, it will feel like penetration.

The difference is : no kisses.
We'll see. You know, I have the opposite direction: LONG.
  • #123,587
  • Jul 21, 2009 3:00am Jul 21, 2009 3:00am
anyone knows what market opens NOW exactly? they are usually the party "spoilers "
  • #123,588
  • Jul 21, 2009 3:02am Jul 21, 2009 3:02am
NO kisses...ok ok i got the point just penetrate thats the penetration and if you kiss thats a broke...i think i got the point.

new bie's we are talking about business and u guess rigth this is not a biology class.
  • #123,589
  • Jul 21, 2009 3:06am Jul 21, 2009 3:06am
Quoting Alihuzaifa
NO kisses...ok ok i got the point just penetrate thats the penetration and if you kiss thats a broke...i think i got the point.

new bie's we are talking about business and u guess rigth this is not a biology class.
Now its the question who is penetrating who
Don't be a hero. Don't have an ego. Always question yourself
  • #123,590
  • Jul 21, 2009 3:09am Jul 21, 2009 3:09am
Bear penetrating bull , or bull penetrating bear
Tiny Polar Bear from Poland
  • #123,591
  • Jul 21, 2009 3:11am Jul 21, 2009 3:11am
Quoting bikedoctor
Bear penetrating bull , or bull penetrating bear
bulls and bears both penetrating koala's
  • #123,592
  • Jul 21, 2009 3:11am Jul 21, 2009 3:11am
Quoting trading801
anyone knows what market opens NOW exactly? they are usually the party "spoilers "

anyone???
  • #123,593
  • Jul 21, 2009 3:12am Jul 21, 2009 3:12am
i just witnessed pure penetration on 15 mins chart no kisses at all
  • #123,594
  • Jul 21, 2009 3:13am Jul 21, 2009 3:13am
Quoting Xaron
We'll see. You know, I have the opposite direction: LONG.
Yes I know. And you could be correct. I may be incorrect. Market could easily spike up,
as it sometimes does before a decline. Or, it could run away. I think it's going to pull back down though.

If the shorts make this one happen, it likely will require atleast a little blood, sweat and tears first.

It usually does.
  • #123,595
  • Jul 21, 2009 3:13am Jul 21, 2009 3:13am
Quoting trading801
anyone???
LONDON is open right now you can check market opening on main page of FF
  • #123,596
  • Jul 21, 2009 3:13am Jul 21, 2009 3:13am
Quoting Alihuzaifa
i just witnessed pure penetration on 15 mins chart no kisses at all

that spike is crazy.. thats why i want to findo ut whoses responsible...


which market opends now
  • #123,597
  • Jul 21, 2009 3:14am Jul 21, 2009 3:14am
Quoting trading801
anyone???
yes...the gambling roulette market
  • #123,598
  • Jul 21, 2009 3:14am Jul 21, 2009 3:14am
Quoting Alihuzaifa
LONDON is open right now you can check market opening on main page of FF

i thought london is 1 hour ago..
  • #123,599
  • Jul 21, 2009 3:15am Jul 21, 2009 3:15am
Quoting toshi
If you're long EURO/USD in a few hours, it will feel like penetration.

The difference is : no kisses.
Come on, lose the bad taste humor and get serious !!!

If you're bored, just open a chit-chat thread, instead of polluting this one...
Getting it right is NOT as important as not getting it wrong.
  • #123,600
  • Jul 21, 2009 3:15am Jul 21, 2009 3:15am
Quoting USD-Bear
Now its the question who is penetrating who
they rape pound
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