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  • #131,961
  • Aug 16, 2009 10:41pm Aug 16, 2009 10:41pm
[quote=ak4x;2959529For those who don't know or remember what I'm talking about, no worries... you didn't miss much.[/quote]

yep....good times.....what?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #131,962
  • Edited 10:43pm Aug 16, 2009 10:42pm | Edited 10:43pm
Quoting toshi
You know I'm watching this pair....and...I'm lookin' around at the PA on the other pairs.
It's Asia and it's Monday morning..... and they haven't quite wiped the sleep out of their eyes.
We're below the daily pivots on most everything (exception is dollar/canadian).

Me thinks the sellers are lurking about, just not showing their hand quite yet.
14100 is probably the river card for today, or could be 14070. If we see either of those,
I think the tone will be set and those reluctant shorts could inch their way out of the shallow water.

If not,...
And the News looks quite thin to stir anything up
  • #131,963
  • Aug 16, 2009 10:46pm Aug 16, 2009 10:46pm
My 5 min trend is now screaming bear 1 hour is strating to say bear more more since 3 hours ago
  • #131,964
  • Aug 16, 2009 10:52pm Aug 16, 2009 10:52pm
Quoting toshi
If not, a return to 142 handle would turn the pair back positive for the day and we start over.
14205 is a weekly Pivot, followed by 14222 on the Daily. I'm using NY 5PM for those keeping score....

Little bit of a double bottom there at the 14141. Possible 60's then 81...it's a midpoint.

That's about all I got right now. It's not much. Let's keep watching, shall we ?
Thank you, tushi. We definitely don't want to start over. I got a short thing I been lookin at here since last Wednesday & man it is startin to smell....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #131,965
  • Aug 16, 2009 10:56pm Aug 16, 2009 10:56pm
This is like waiting for molasses to pour of a bottle a cold winters day
  • #131,966
  • Aug 16, 2009 10:57pm Aug 16, 2009 10:57pm
oh yea, one more thing...

Aud seems to be leading the crown currencies and it looks like 5 clean waves down since thursday's ny close.
Corresponds to Friday morning in Sydney when RBA Gov. Stevens made his speech.
That could be good for a slight retace going into London. But certainly slight.
I think profit takers are waiting to pounce on that pair not too much beyond 8300/20
and that could weigh on Euro, plus bode very well for the EUR/AUD pair if 172 can take hold and 170 doesn't fail.

So I'm watching OZ for EURO clues at the moment.

Let's not forget Yen still makes for mean competition amongst all these pairs.
If we forget him, he will no doubt do something to remind us he's still there...
  • #131,967
  • Aug 16, 2009 10:58pm Aug 16, 2009 10:58pm
Quoting The Fool
Thank you, tushi. We definitely don't want to start over. I got a short thing I been lookin at here since last Wednesday & man it is startin to smell....

Does it smell like TUSHI ?

Soap and water people........wash yer ass.
  • #131,968
  • Edited 11:32pm Aug 16, 2009 11:03pm | Edited 11:32pm
Quoting 2+2=4ex
Interesting. I know the gap usually closes, but thought it was something that would happen that very day of the open. I never knew that "years" have passed without a week having the gap filled. Now, does the gap have to fill completely? For instance, this week the gap started filling up from a spread of 30 pips, but came up 10 pips short of doing so. Is that good enough for a gap fill or does that mean there is a good chance of it getting to .4203 (friday's close) by weeks end?
If I correctly remember, that poster mentioned some date of 2006 when it was not filled in a week's time. I am not sure about the number of pips, but it may not completely fill. I normally see a difference, if any, of not more than 2 to 3 pips remaining unfilled. I personally don't use exact figures just an approximation - for two reasons 1) Forex is not an exact science, and 2) My TPs are a bit conservative and SLs have some cushion.

Plus I try to use more than one tool for a positon e.g if my trendline breaks at a point would also consider the next round number and nearby horizontal resistance/support. In other words, I try to double stitch my positions to have some safety net. If a move meets these criteria good, if not, either wait for a better one or enter with a fraction of normal position. For example I should long now above 1.4150 but it does not meet my criterion of horizontal support which would be at 1.4165. If I have to go long, should not enter below 1.4165. But I am out, waiting for London session to get the day's direction. If I decide to go long, my target would be 1.4240 because my resistance TL is between 1.4250 and 1.4280, and I would be little conservative at 1.4240 i.e. "leave first and last few pips for others" rule.
The Thief of Wall Street
  • #131,969
  • Aug 16, 2009 11:12pm Aug 16, 2009 11:12pm
Bring it home
  • #131,970
  • Aug 16, 2009 11:15pm Aug 16, 2009 11:15pm
Quoting Chicky
If I correctly remember, that poster mentioned some date of 2006 when it was not filled in a week's time. I am not sure about the number of pips, but it may not completely fill. I normally see a difference, if any, of not more than 2 to 3 pips remaining unfilled. I personally don't use exact figures just an approximation - for two reasons 1) Forex is not an exact science, and 2) My TPs are a bit conservative and SLs have some cushion.

Plus I try to use more than one tool for a positon e.g if my trendline breaks at a point would also consider...
Thank you Chicky.
  • #131,971
  • Edited 11:59pm Aug 16, 2009 11:27pm | Edited 11:59pm
we are at a 9-10 pip symmetrical triangle on the 15 min.its gotta give soon
Now to break outta the 40's
Get ready Captian I think shes gonna blow!!
  • #131,972
  • Aug 16, 2009 11:31pm Aug 16, 2009 11:31pm
Quoting 2+2=4ex
hey whats up there dingo breath? he he. I joke. Good to see you, hope it's a good day/week for the koalas!

thank you thank you...

i love koalas hope u 2... not like jay walker !
  • #131,973
  • Aug 16, 2009 11:32pm Aug 16, 2009 11:32pm
.
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  • #131,974
  • Aug 16, 2009 11:32pm Aug 16, 2009 11:32pm
oh btw, this pair is REALLY pounding the trendline hard man..

http://www.forexfactory.com/news.php?do=news&id=190884 ( my story on the pounding )
  • #131,975
  • Aug 16, 2009 11:33pm Aug 16, 2009 11:33pm
Quoting Fly2
we are at a 9-10 pip symmetrical triangle on the 15 min.its gotta give soon
...and London's calling --->
Inserted Video
  • #131,976
  • Aug 16, 2009 11:38pm Aug 16, 2009 11:38pm
Quoting trading801
thank you thank you...

i love koalas hope u 2... not like jay walker !
Yea I like koalas. They're really friendly looking. I hear they're also good at trading curency, hehe
  • #131,977
  • Aug 16, 2009 11:39pm Aug 16, 2009 11:39pm
Okay things are looking up...
  • #131,978
  • Aug 16, 2009 11:41pm Aug 16, 2009 11:41pm
Into the rebounce area now (see rectangular)...somewhere between 200SMA @ H4 and 50SMA @ D1..
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  • #131,979
  • Aug 16, 2009 11:43pm Aug 16, 2009 11:43pm
http://img36.imageshack.us/img36/9442/eurusdh1.gif

MACD signal is starting to leave histogram... still bearish for the london session?
  • #131,980
  • Aug 16, 2009 11:44pm Aug 16, 2009 11:44pm
Tokyo lunchbreak almost over. Dudes come back with a fresh tank of sushi & sake they be ready to dump some euros.

Thats, right, its the Tokyo lunchtime bearflag breakout. Comin atcha...
"If The Fool persists in his Folly he will become wise." - William Blake
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