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  • #3,241
  • Sep 9, 2009 7:18am Sep 9, 2009 7:18am
Its hovering below Murray Mathline 8/8 right now...
  • #3,242
  • Edited 7:38am Sep 9, 2009 7:21am | Edited 7:38am
i will be closing all longs and shorting from .8693.................. we are seeing some divergence on daily macd chart so this short will provide us with a little move down


EDIT-------------------------nevermind current trend will last to 88 thats where the big bank target is short from 88
  • #3,243
  • Sep 9, 2009 7:32am Sep 9, 2009 7:32am
Quoting fxgrnwise
Its hovering below Murray Mathline 8/8 right now...
Shucks, that's technical stuff - lol. I don't have a clue about any of that stuff

USDX just broke the 77 level. AUD has done approx. 100 pips today from low to high but we know that doesn't mean anything when the market is in a mood.

Be interesting to see how the Treasury Auction goes this afternoon and tomorrow.
Nothing worth having is easy.
  • #3,244
  • Sep 9, 2009 7:42am Sep 9, 2009 7:42am
Quoting Patience
But at 0.8700 we've only done 190 pip range for the week. Why 0.8700? Round number? I'm yet to determine where I think I will take profit on my longs.

Here's my chart of the weekly ranges for the last 15 weeks.

Attachment
Great one Patience , i'll take and save that data thank !
  • #3,245
  • Sep 9, 2009 7:42am Sep 9, 2009 7:42am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Patience
But at 0.8700 we've only done 190 pip range for the week. Why 0.8700? Round number? I'm yet to determine where I think I will take profit on my longs.

Here's my chart of the weekly ranges for the last 15 weeks.

Attachment
why 8700? i dont know ... but let me ask you, why not 8700?

you know what i think ...

i think this is one of those time where none of us have any idea where she's going ... and we are all confused ... and when the whole world is confused, i rather stay on one side (short) so i am either a big gainer or a big looser ...

what i meant is your calculation is based on last 15 weeks ... why 15 weeks? why not try last 52 weeks ... cuz that will give you completely different picture ... even half 26 weeks ...
  • #3,246
  • Sep 9, 2009 7:44am Sep 9, 2009 7:44am
Quoting G_Man
why 8700? i dont know ... but let me ask you, why not 8700?

you know what i think ...

i think this is one of those time where none of us have any idea where she's going ... and we are all confused ... and when the whole world is confused, i rather stay on one side (short) so i am either a big gainer or a big looser ...

what i meant is your calculation is based on last 15 weeks ... why 15 weeks? why not try last 52 weeks ... cuz that will give you completely different picture ... even half 26 weeks ...

banks are targeting 88, not 87........
  • #3,247
  • Sep 9, 2009 7:45am Sep 9, 2009 7:45am
Patience,

Murray Math lines are an indicator, the GY often comes to them and reacts... 8/8 is overbought, just seeing if they work on AU... Malcomb uses them.
  • #3,248
  • Sep 9, 2009 7:49am Sep 9, 2009 7:49am
now where is Fammira ? he wait that 8700 magic number for so long and what action he gonna take
  • #3,249
  • Sep 9, 2009 7:50am Sep 9, 2009 7:50am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting mfoste1
banks are targeting 88, not 87........
well ... then i will add more at 8800 ... do you have anything that confirms this? cuz the last time, banks were supposed to target 8500 ...
  • #3,250
  • Sep 9, 2009 7:50am Sep 9, 2009 7:50am
8650 is cracking folk!
  • #3,251
  • Sep 9, 2009 8:02am Sep 9, 2009 8:02am
going short to 8625 any thoughts ?
  • #3,252
  • Sep 9, 2009 8:18am Sep 9, 2009 8:18am
Quoting trabagwe
going short to 8625 any thoughts ?
yep shoot it

http://img37.imagefra.me/img/img37/2...jm_1efc3da.png

whats your target?
  • #3,253
  • Sep 9, 2009 8:24am Sep 9, 2009 8:24am
Okay on the 5M isn't this a pennant pattern?
  • #3,254
  • Sep 9, 2009 8:26am Sep 9, 2009 8:26am
Quoting ben10
now where is Fammira ? he wait that 8700 magic number for so long and what action he gonna take
here I am, I was calling a double top this morning and I was lucky and patient

short from 0,866 and up to 0,87 which I doubt we'll see
  • #3,255
  • Sep 9, 2009 8:34am Sep 9, 2009 8:34am
Quoting fammira
here I am, I was calling a double top this morning and I was lucky and patient

short from 0,866 and up to 0,87 which I doubt we'll see
so 8700 out of the picture ?
  • #3,256
  • Sep 9, 2009 8:36am Sep 9, 2009 8:36am
Google Bull pennant or flag pattern... looks just like this
  • #3,257
  • Sep 9, 2009 8:40am Sep 9, 2009 8:40am
Quoting fxgrnwise
Okay on the 5M isn't this a pennant pattern?
correct also she fail to pass the highest and the price activity indicate weakness the short term compression on 20 pips risk? be careful its fast finger play

http://img39.imagefra.me/img/img39/2...1m_0480ed1.png

if not work out get out
  • #3,258
  • Sep 9, 2009 8:42am Sep 9, 2009 8:42am
Quoting fammira
here I am, I was calling a double top this morning and I was lucky and patient

short from 0,866 and up to 0,87 which I doubt we'll see

Nice entry, I added more at 0.8650 this morning... what's your target for this short fammira? are you going after big pips (100+)? I really think it can test 0.8500 again soon.

NZD seems like another good short today, with their bankrate decision later today, I got in just under .70 this morning and am targeting below 0.6950.
  • #3,259
  • Sep 9, 2009 8:44am Sep 9, 2009 8:44am
Quoting ben10
so 8700 out of the picture ?
just a feeling but of course it makes sense to increase up to that level and above

I think we should slowly start to fall from here
  • #3,260
  • Sep 9, 2009 8:53am Sep 9, 2009 8:53am
thanks louise im in the black now , no im not dancing yet ! still try to detect what chart formation will it develope? are the bulls just took their profit? so the price retrace downward a bit?
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