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  • #159,401
  • Nov 6, 2009 5:53am Nov 6, 2009 5:53am
we are now at 1minute 200 ema which was nice suport in last few times so if anybody are bull on this i think this could nice place
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  • #159,402
  • Nov 6, 2009 5:57am Nov 6, 2009 5:57am
Quoting sonicdeejay
They(Big Boys) will bring down the prices to shake weak long holders, and to lure shortys... and vice versa...


Read the chart with vol indicator indicate is the best way to track all this...
I suppose..

Sonic
i am intrested in that volume reading but how this volume indicator works when forex is not coming from 1 place like stock market in some particular country.read this link on the bottom for volume indicators.And we all know who is saxo bank.

http://www.saxoeducation.com/Learnin...ndicators.aspx
  • #159,403
  • Nov 6, 2009 6:02am Nov 6, 2009 6:02am
I'm just hoping enough room develops between my entries and price to survive nfp volatility. I'm not in the mood, and it's not a good idea to give a trade much leeway today.
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  • #159,404
  • Nov 6, 2009 6:04am Nov 6, 2009 6:04am
Market going nowhere... so far

Look at the 1H range made by the FOMC announcement, we just tested the boundaries... no direction.

Watch 1.4909 and 1.4826 for direction.

Sit back, relax and enjoy the show
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Getting it right is NOT as important as not getting it wrong.
  • #159,405
  • Nov 6, 2009 6:05am Nov 6, 2009 6:05am
Quoting sonicdeejay
They(Big Boys) will bring down the prices to shake weak long holders, and to lure shortys... and vice versa...


Read the chart with vol indicator indicate is the best way to track all this...
I suppose..

Sonic
Am not getting shaken-out ... Looking for S at 1.4862, 1.4829 and worse case scenario at 1.4792 ...

If 1.4792 is taken out ... I close the loss and sell ...to 1.4738 cum 1.4649...
However, this is far fetched .. am a BULL and my current long has TP 1.52

Good luck
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #159,406
  • Nov 6, 2009 6:05am Nov 6, 2009 6:05am
Quoting "expert"
we are now at 1minute 200 ema which was nice suport in last few times so if anybody are bull on this i think this could nice place
Expert, hoping this helps your trading a bit, next time please look at where the daily pivot is before positioning for long, and all your MA showing trend developing down. Including pivot points in your trading helps read market sentiment and big players positioning.
  • #159,407
  • Nov 6, 2009 6:07am Nov 6, 2009 6:07am
That`s what i think too... they are expecting an up move on the news, so why not let the price go as low as possibile before that? They know they can take it...

I`m building longs... every 20 pips... with 1/4 of the normal risk... if it goes long i`ll have more profit for the week, if it goes bad i`ll just eat some of the profit.

I would also expect a good sudden move down when the news are release, only to turn and finish as a bull day... the hi and low are close enough.


EDIT: 4 more pips scalped as i bought(with a 10 pip sl) when it touched the daily pivot... so far so good....
  • #159,408
  • Nov 6, 2009 6:12am Nov 6, 2009 6:12am
4840 is key lvl for me ... i ma shorting this from 4891 based on 5 mins chart
  • #159,409
  • Nov 6, 2009 6:13am Nov 6, 2009 6:13am
Quoting fxswing
Market going nowhere... so far

Look at the 1H range made by the FOMC announcement, we just tested the boundaries... no direction.

Watch 1.4909 and 1.4826 for direction.

Sit back, relax and enjoy the show
For me, mid 25% of an NFP move is better than first or last 75%.
The Thief of Wall Street
  • #159,410
  • Nov 6, 2009 6:14am Nov 6, 2009 6:14am
Quoting Atlast
Expert, hoping this helps your trading a bit, next time please look at where the daily pivot is before positioning for long, and all your MA showing trend developing down. Including pivot points in your trading helps read market sentiment and big players positioning.
sorry but i am afraid i dont understand what are you trying to say to me.

In my post i said wheare is DP on my chart i am confused.No kiding please elaborate this i am serious what i write wrong.
  • #159,411
  • Nov 6, 2009 6:18am Nov 6, 2009 6:18am
I do not know why the daily pivot has not been broken till now.

Is there any particular relation to the NFP today?

If the market is to push the price down, why hasn't it done it so far?

Thanks in advance.
  • #159,412
  • Nov 6, 2009 6:18am Nov 6, 2009 6:18am
Quoting Atlast
Expert, hoping this helps your trading a bit, next time please look at where the daily pivot is before positioning for long, and all your MA showing trend developing down. Including pivot points in your trading helps read market sentiment and big players positioning.
Fiber daily ...

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Cable daily ...

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On both charts .. I use 10 day MA, 50 day MA and 200 day MA ... The bounces from 50 day MA keeping me in perspective .. Also, the current prices above their 10 day MA's ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #159,413
  • Nov 6, 2009 6:20am Nov 6, 2009 6:20am
It's DODJI City on the 4H

Who said indecision ?
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Getting it right is NOT as important as not getting it wrong.
  • #159,414
  • Nov 6, 2009 6:29am Nov 6, 2009 6:29am
Quoting fxswing
It's DODJI City on the 4H

Who said indecision ?
Nice posting .... That is just why am buying since everyone else is looking to sell .. First the shake-out at NFP ... a bearish perspective hinged on folks minds and then the clean sweep continues locking-in the bears ... I don't trade against the trend ... only when scalping .. which am not.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #159,415
  • Nov 6, 2009 6:30am Nov 6, 2009 6:30am
Popee83 that is why we call it market.someone is long someone is short.I am not angry i was saying my opinion for the time beeing and somebody says look better this and that.Ok i am looking and minding my trading.If situation change i will go long too.Just saying for now shorting it.

I know whear we are in relation to emas and DP just at this time i went short.! short closed ad DP with 25 pips 1 more still open and expecting it to test that DP on 5 min chart again.

as for daily rsi is lower then when we was at 5040 and stoch is again in overbought condition so that is why think it is time for dollar to come back a little but that is daily and it takes time for that.Not for sculpers.it takes big margin free

soon and that news will come so we can go n with our lives
  • #159,416
  • Edited 6:48am Nov 6, 2009 6:31am | Edited 6:48am
Quoting "expert"
sorry but i am afraid i dont understand what are you trying to say to me.

In my post i said wheare is DP on my chart i am confused.No kiding please elaborate this i am serious what i write wrong.
My bad. I see you did have the DP drawn on your chart, though you ignored it in your commentary. I assume anyone looking at 1 min charts are looking for very precise entries. If you look at the behaviour of the market today at the DP you will notice how the market responded, so waiting for it to be touched or taken out, with a reverse above the DP to go long, if that is what the plan was for anyone waiting to go long in that TF, was the high probability entry, as you would have the major players with you.
P.S. I didn't see that reply you posted just above, so you are clearly using the DP in your trading. I think we are both in the same trade.
  • #159,417
  • Nov 6, 2009 6:41am Nov 6, 2009 6:41am
right shoulder is forming on 15m..
Pation is the Holy Grail
  • #159,418
  • Nov 6, 2009 6:43am Nov 6, 2009 6:43am
Pivot: 1.4845

Long positions above 1.4845 with targets @ 1.491 & 1.498 in extension.

Alternative scenario: Below 1.4845 look for further downside with 1.48 & 1.476 as targets.

Comment: the RSI is supported by a rising trend line, the pair is challenging its resistance, a pull back should not be ruled out before a new up move.

Key levels
1.505
1.498
1.491
1.4892 last
1.4845
1.48
1.476
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  • #159,419
  • Nov 6, 2009 6:49am Nov 6, 2009 6:49am
Quoting "expert"
Popee83 that is why we call it market.someone is long someone is short.I am not angry i was saying my opinion for the time beeing and somebody says look better this and that.Ok i am looking and minding my trading.If situation change i will go long too.Just saying for now shorting it.

I know whear we are in relation to emas and DP just at this time i went short.! short closed ad DP with 25 pips 1 more still open and expecting it to test that DP on 5 min chart again.

as for daily rsi is lower then when we was at 5040 and stoch is again in overbought...
Scalping is OK .. I have deliberately missed some h1 scalps .. I do h4 and daily TL breaks ..
Fiber h1:
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A nice set-up, but a 38 pip move am not interested .. the risk outweighs the returns..

cable m30:
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A nice one hear too if TL is broken ... but still 47 pips not interested ..
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #159,420
  • Nov 6, 2009 6:50am Nov 6, 2009 6:50am
Well the market move was confirmed from last night. EURUSD did move from around 1.4875 to retest 1.4900 as I had mentioned in my earlier post in one big breakout move. News at Bloomberg state that it was most likely due to a shakey NFP report coming up, however the quick reversal down to 1.4876 this morning shows that the bias is fairly uneven at the moment but slightly long simply due to trend lines. I think if the NFP is indeed negative for the USD, EURUSD is going to head straight for 1.50

Here's this mornings chart, volatility is reducing. I would imagine some choppy trading prior to NFP.

http://www.omegasupreme.com/images/c...0m-06nov09.gif
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