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  • #144,441
  • Sep 18, 2009 11:45am Sep 18, 2009 11:45am
Quoting Patience
Amazing. Triple witching day and approx. 100 pip range.

Bank of Scotland's Daily Market Strategy said this morning:

"Reduced data/event risk lies ahead today and means price action is likely to be fairly static as dealers square up ahead of the Fed FOMC meeting and $112bn in Treasury supply ($170bn including bills!) next week."

They've been right on the money so far today. GBP was a better play.

yeah, they're right so far. Charts showing ranging action.
  • #144,442
  • Sep 18, 2009 11:50am Sep 18, 2009 11:50am
Fool me once SHAME on YOU ...Fool me twice SHAME on ME!

I did not make any profit on the 4727 Short I had when it went down to 4715 and shot back up. But I did enter again SHort at 4623 and took profit at 4700 when price did not break the 4696 S1.....

I just took another SHORT at 4723.....it may break SHort to test BTL line at S2 (4652) as I am seeing DIV on CHF and EU.....
  • #144,443
  • Sep 18, 2009 11:53am Sep 18, 2009 11:53am
Quoting Beacon
Actually I am only looking at 50 pips. I also don't intend to leave the position open over the weekend even if it didn't hit the target. I will still close at whatever price it hits an hour before market close.
*Looking at the time and twiddle his fingers*
  • #144,444
  • Sep 18, 2009 11:54am Sep 18, 2009 11:54am
this is a scalper market. I rarely and I mean rarely scalp, but i made 84 pips on the eur/jpy so far. Think I'm gonna call it quits today. Something seem to be bottling up. 1.47 seems to be the floor today. We could have an explosion next week in any direction.
  • #144,445
  • Sep 18, 2009 11:57am Sep 18, 2009 11:57am
yay over the peevot with momentum
----- Dragonfly out in the sun you know what I mean, don't you know
  • #144,446
  • Sep 18, 2009 11:58am Sep 18, 2009 11:58am
Quoting sophiaphia
yay over the peevot with momentum
not yet your pivot is off i think
  • #144,447
  • Sep 18, 2009 12:00pm Sep 18, 2009 12:00pm
4731 is what i have for the pivot it was just shy of it. maybe mines off..
  • #144,448
  • Sep 18, 2009 12:01pm Sep 18, 2009 12:01pm
Quoting unBEARable
4731 is what i have for the pivot it was just shy of it. maybe mines off..
it is at 1.47316 here too
  • #144,449
  • Sep 18, 2009 12:04pm Sep 18, 2009 12:04pm
Mine at 1.4732
  • #144,450
  • Sep 18, 2009 12:06pm Sep 18, 2009 12:06pm
we need more movement
  • #144,451
  • Sep 18, 2009 12:13pm Sep 18, 2009 12:13pm
the price`s been pushed into the corner and in 1-2 hrs time direction should be more clear than it is right now. "The truth is out there", "Behind enemy lines"
lets be patient for another zillion seconds...
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Do not follow the path trodden by human laziness.
  • #144,452
  • Sep 18, 2009 12:13pm Sep 18, 2009 12:13pm
Quoting Jeg
Mine at 1.4732
That's the real one.

m
  • #144,453
  • Sep 18, 2009 12:14pm Sep 18, 2009 12:14pm
My pivot is @ 1.4728 using the FXI Pivot indicator. What causes the discrepancies?

I'm using forex.com (GAIN Capital) for my metatrader charts.

Mike
  • #144,454
  • Sep 18, 2009 12:20pm Sep 18, 2009 12:20pm
A wedge ?as of higher tf it can favour up .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #144,455
  • Sep 18, 2009 12:27pm Sep 18, 2009 12:27pm
Quoting IMARICH1
Fool me once SHAME on YOU ...Fool me twice SHAME on ME!

I did not make any profit on the 4727 Short I had when it went down to 4715 and shot back up. But I did enter again SHort at 4623 and took profit at 4700 when price did not break the 4696 S1.....

I just took another SHORT at 4723.....it may break SHort to test BTL line at S2 (4652) as I am seeing DIV on CHF and EU.....

Hi there, I'm a newbie in this market, but what I've seen on EUR/USD so far is (pls correct me if I'm wrong), there are only someday where u can see more than 100 pips movement at one shot (especially at non-events day).

You shorted at 4727 and price moved to s2, that's about 80pips+. What i noticed is price will move around 70 pips on normal day from top to bottom (other day is maybe less). Another thing that I see also not too many days where the price hit s3/r3.

After 80+ pips price hit s2, BIG chance it will retrace ... might even go back to previous price, today is a good example.

I've been caught on this type of trade myself, however not as worse as in ur case. Just want to share a little bit.
  • #144,456
  • Sep 18, 2009 12:32pm Sep 18, 2009 12:32pm
USDX 4 Hour Chart

My 34 EMA has held PA in check so far. Same on my 4 hour EUR and AUD charts.

Attached Image (click to enlarge)
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Nothing worth having is easy.
  • #144,457
  • Sep 18, 2009 12:35pm Sep 18, 2009 12:35pm
I honestly can't believe you people still trade.
  • #144,458
  • Sep 18, 2009 12:36pm Sep 18, 2009 12:36pm
Lique,

I am definately not the best one to ask here as there alot of things affecting this market and its ATR of pips.

I did NOT make 80 pips...I wish I did....I took the first trade from 4727 and watched it go down to 4715 (which seems to be a constant number it goes to-Driver55 might be right about the close for the DAY)...and then back up to take me out at B/E.....I entered Short again on the failure to take out the Daily Pivot and took profit when it hit 4700 as it did not go thru the S1 at 4696...

My last trade of the day is at 4723 and I watching to see if I can get 4700 again or 4653 (s2)......

If you want to learn...watch Atlast, Gatorinla, Acumen, Driver55, Patience, Hasanna and there are some others.....watch what they talk about and how they respond to the Market. They have good Fundamental Knowledge of Current Events and Market Conditions along with good Technical Trading.
  • #144,459
  • Sep 18, 2009 12:37pm Sep 18, 2009 12:37pm
Quoting Driver55
I can not imagine a serious retracement without first having made a violent upward spike.
when you say violent spike, do you see it going much higher than 1.4800 or 1.4850? I thought perhaps 1.4800 max but good to get your thoughts.
  • #144,460
  • Sep 18, 2009 12:38pm Sep 18, 2009 12:38pm
Quoting Patience
Amazing. Triple witching day and approx. 100 pip range.

Bank of Scotland's Daily Market Strategy said this morning:

[font=LloydsTSBVAGRounded-Light][size=1]"Reduced data/event risk lies ahead today and means price action is likely to be fairly static as dealers square up ahead of the Fed FOMC meeting and $112bn in Treasury supply ($170bn including bills!) next week."


[left][size=1][font=LloydsTSBVAGRounded-Light]They've been right on the money so far today. GBP was a better...
I think it was last month or the one b4 I paid attention to Triple (or was it Quadruple) Witching Day for the first time. I noticed all the hype about it & was expecting some fireworks.

Anti-climactic.
"If The Fool persists in his Folly he will become wise." - William Blake
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