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  • #134,041
  • Aug 23, 2009 8:53am Aug 23, 2009 8:53am
nothing wrong with being rewarded for your efforts either...just look around and you will see there are many on FF that also earn munnies while also helping others

Quoting trading801
yeah.. only when someone clicks on the adverts..

u get some of the money the advertiser paid to google..

for me, this is not the main point.. i get the most satisfaction when folks pm me to say thanks or vote for my articles !
Its all in the mind.
  • #134,042
  • Aug 23, 2009 8:56am Aug 23, 2009 8:56am
Quoting 5abi
nothing wrong with being rewarded for your efforts either...just look around and you will see there are many on FF that also earn munnies while also helping others

or the other spectrum of folks who create one day accounts, spam a commercial link and get banned LOL

anyway thanks for your encouragement buddy !
  • #134,043
  • Aug 23, 2009 9:14am Aug 23, 2009 9:14am
Quoting trading801
anyway for the upcoming week.. i will be looking for more
s & p 500 green .. to consider long..

but i am really worried about that resistance line there ..
oil will be in my radar too...
  • #134,044
  • Aug 23, 2009 10:13am Aug 23, 2009 10:13am
watch out for tuesday
  • #134,045
  • Aug 23, 2009 10:19am Aug 23, 2009 10:19am
Quoting 5ysfx
watch out for tuesday

hmm whats up then ?

CB Consumer Confidence?
  • #134,046
  • Aug 23, 2009 10:30am Aug 23, 2009 10:30am
H4 timeframe have some highs and lows that seems to be a symmetrical triangle;

this formation have:
- the breakout it was on 1/3 area from the peak.
- the breakout it was on 1/2 and 3/4 targets from the base of triangle.
- triangle formation required at least 4 points
but this formation doesn`t have :
-5 waves
it has only 3 waves; the height of the formation has 438pips, the price has already taken 93pips, this means it still have left 345pips, good profit if you ask me, now the problem is that I missed the breakout wich was wednesday(19August), but we have a rezistance on 1.4327 confirmed by 12:00(london time) 13August candlestick and it also was support at 16:00(london time) 06August candlestick, MACD is in buy area, 55 and 13 Moving Average are crossed for buy area only RSI is to up(67), but if monday price remain still above 1.4327 I am tempted to buy for that 345 pips target profit.

My question is to take in consideration this formation with only 3 waves!?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.gif Size: 19 KB
  • #134,047
  • Aug 23, 2009 10:38am Aug 23, 2009 10:38am
Quoting trading801
hmm whats up then ?

CB Consumer Confidence?
koalas consuption


sorry no link avalaible just play intraday(it should be bonds auction)
  • #134,048
  • Aug 23, 2009 11:37am Aug 23, 2009 11:37am
Quoting alxxx
H4 timeframe have some highs and lows that seems to be a symmetrical triangle;

this formation have:
- the breakout it was on 1/3 area from the peak.
- the breakout it was on 1/2 and 3/4 targets from the base of triangle.
- triangle formation required at least 4 points
but this formation doesn`t have :
-5 waves
it has only 3 waves; the height of the formation has 438pips, the price has already taken 93pips, this means it still have left 345pips, good profit if you ask me, now the problem is that I missed the breakout wich was wednesday(19August),...
I pretty much see where your coming from with this analysis. However before you decide to trade it with that TP in mind, you might want to have a look at this volume study of the breakout which started where you have marked on your chart as point (or wave 4). Its a questionable formation to me. If it was perhaps somewhat manufactured (manipulated) then you can't expect your mathematical inferences regarding the height of wave 4 to hold up. I'm not saying it was or wasn't, just that its suspect, and offering it for your consideration.
Attached Image (click to enlarge)
Click to Enlarge Name: eurobreakoutstudy.png Size: 315 KB
  • #134,049
  • Aug 23, 2009 11:44am Aug 23, 2009 11:44am
Quoting stevefx
..consideration.
Thanks!
  • #134,050
  • Aug 23, 2009 11:45am Aug 23, 2009 11:45am
As stated in earlier posts, the bond auction this week was likely the cause of the weakening dollar. So one could expect dollar strength this week?


Anybody have a bond auction calender that would give these dates in advance?
  • #134,051
  • Aug 23, 2009 11:47am Aug 23, 2009 11:47am
Quoting Byrd
As stated in earlier posts, the bond auction this week is likely the cause of the weakening of the dollar. So one could expect dollar strength this week?


Anybody have a bond auction calender that would give these dates in advance?

what you mean?? can u explain more?? when there is a bond auction of usd, usd becomes weak? why ?
  • #134,052
  • Aug 23, 2009 12:13pm Aug 23, 2009 12:13pm
Quoting trading801
what you mean?? can u explain more?? when there is a bond auction of usd, usd becomes weak? why ?
That's mainly what I'm asking. I'm reading it depends more on how the bond auction goes that determines where the eurusd goes.

From my understanding a bid to cover of over 2 is good and improves long term interest rates and thus demand for USD which in turn strengthens the dollar. This make sense with last weeks move up because big dogs would like a better price at which to ride it down once the auction hits. Or insiders know the auction is going to go poorly and get in early, who knows.

Anybody with more experience shine some light on the situation?
  • #134,053
  • Aug 23, 2009 12:35pm Aug 23, 2009 12:35pm
https://personal.vanguard.com/us/Fun...uctionCalendar

There will be 3 bond auction on Tuesday25th, 4-week bill , 52-week bill and 2 year note , accordingly 32 bln USD, 27 bln USD and 42 bln USD. So the total demand for the USD is 91 bln USD, and thats maybe the reason for USD strengtening before the settlement
  • #134,054
  • Aug 23, 2009 1:14pm Aug 23, 2009 1:14pm
I've posted my weekly analysis under news. Enjoy.
  • #134,055
  • Aug 23, 2009 1:31pm Aug 23, 2009 1:31pm
I am waiting for some retracement in EU.......It should give some retracement,am I right????

Lets wait and see.........

Regards to all traders.
  • #134,056
  • Aug 23, 2009 2:09pm Aug 23, 2009 2:09pm
Quoting kawser
I am waiting for some retracement in EU.......It should give some retracement,am I right????

Lets wait and see.........

Regards to all traders.
yea i think so too.. we ll probably see little retracement and then go up ;-)
Pation is the Holy Grail
  • #134,057
  • Aug 23, 2009 2:30pm Aug 23, 2009 2:30pm
Quoting Byrd
As stated in earlier posts, the bond auction this week was likely the cause of the weakening dollar. So one could expect dollar strength this week?


Anybody have a bond auction calender that would give these dates in advance?
You can find what Treasury offers in the way of data about their auctions here:

http://www.treasurydirect.gov/RT/RTG...institAnnceRes

If there is good demand at the auctions then T-bond yields are driven up and that is good for the $. That is about all I think I know.

I wonder, can there be good auction results and bullish stock market sentiment at the same time? Or, does good auction results necessarily raise the $ vs. the euro?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #134,058
  • Aug 23, 2009 2:44pm Aug 23, 2009 2:44pm
I will trade what i will see and not what i want to see

hahaha borring and outdated conceptbut i love it
  • #134,059
  • Aug 23, 2009 4:19pm Aug 23, 2009 4:19pm
Hello everybody...putting on a long here for first target 1.4420 (Monthly Pivot R1).

RSI and MACD for 4h, daily, weekly UP.
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  • #134,060
  • Aug 23, 2009 4:32pm Aug 23, 2009 4:32pm
yes, me too. Going long is the right one - indicators showing clear uptrend.
Get rich or die tryin!
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