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  • #159,561
  • Nov 6, 2009 9:42am Nov 6, 2009 9:42am
Fontu going much lower then 1.476 area if things play out. Should see trend reversal sign soon
  • #159,562
  • Edited 9:48am Nov 6, 2009 9:46am | Edited 9:48am
Quoting acumen
i sure am glad this market is pure and not manipulated.

Don't know where you see manipulation ?

Market is just doing it's thing, and that's price discovery.
Some bought near yesterday's low and selling near yesterday's high, others did the opposite.

We're still in an inside day, searching for clear direction...
Getting it right is NOT as important as not getting it wrong.
  • #159,563
  • Nov 6, 2009 9:48am Nov 6, 2009 9:48am
Quoting vinesh2
Failed at yesterday's high. Tells us something
Yesterday I shorted at 1.4882 and said SL at 1.4911.

Personally I do not use SL unless I see some big moves coming, but I know you people want the complete meal at table so I say SL, but you guys must do your homework too.

Never say to market what your SL is!

Forex it is a very danger place to be, I know by experience, and for me Forex lately are only to win some weekly pips by scalping in areas I see protected.
  • #159,564
  • Nov 6, 2009 9:52am Nov 6, 2009 9:52am
Quoting investor_me
That's it, I don't think the 1.4915 will be broken today. It's a slide from here and with a bit of zigzagging here and there. Best time for range scalpers like me I guess
For seller ... you still have to close below 1.4862 to gain any victory .. nevertheless, 1.4828 you will find the great wall of china ...

My guess .. smart money will lock us all in .. between 1.4917 and 1.4862 COB .. and we are all screwed .. both bulls and bears ..
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #159,565
  • Nov 6, 2009 9:54am Nov 6, 2009 9:54am
Quoting fxswing
Don't know where you see manipulation ?

Market is just doing it's thing, and that's price discovery.
Some bought near yesterday's low and selling near yesterday's high, others did the opposite.

We're still in an inside day, searching for clear direction...
I tend to disagree as there must be some element of manipulation somewhere. It is an epistemological question and I am not able to confirm that it is true or not.


But i think there is truth in what Dr. S. Sivaraman of FXStreet.com said today. After all, his predictions were right (as happened many times before):


Quote
EURO and GBP made the slide from mid European session and after NFP data and unemployment rate they made the drop - traders jumped in a hurry and took sell positions during drop.But the players bought all after the traders commitment lower level sells and making the rise to induce short covering now, before the next slide they intend to do.So they wait for the traders to commit positions since many traders avoid taking positions before data.Now after the traders committing positions the data is not important and the stops are important for earning...
  • #159,566
  • Nov 6, 2009 9:55am Nov 6, 2009 9:55am
Popee if the players want to take out resistance at 1.482 region they will do quiet easily no wall will keep it from going down. Once its below 1.484 region I think this has a long way to go down. Only my opinion
  • #159,567
  • Nov 6, 2009 9:55am Nov 6, 2009 9:55am
Quoting sophiaphia
the economy has nothing to do with the stock market, think about it. it is not a reflection of now. psssst don't tell anyone as a lot of people seem not to realize this. this view is

sac·ri·le·gious adj.1. Grossly irreverent toward what is or is held to be sacred.
2. Having committed sacrilege.

You're absolutely right, I have to remember to short the crap out of the recovery if it ever materializes.
  • #159,568
  • Nov 6, 2009 10:00am Nov 6, 2009 10:00am
Quoting FX-Petra
This advice is free, please feel free to disregard... but I believe this is a solid trading plan at present:

1)...
Thank you for this sage advice X. I am a new trader and still learning and am still trying to find a relatively sound and intelligent method to trade with. Like most, my first six months have been filled with emotional trades, trades based on "gut feel", etc. which sometimes work but most times don't. I am now leaning toward S&R, pivots, and PA with few, if any, indicators as a sound method. Have not gotten the feel for it yet but am hoping..... Thanks again. Advice from experienced traders such as you is very helpful. So keep posting those nuggets.

Lew
  • #159,569
  • Nov 6, 2009 10:00am Nov 6, 2009 10:00am
Quoting vinesh2
Failed at yesterday's high. Tells us something


JgrB
  • #159,570
  • Edited 10:17am Nov 6, 2009 10:01am | Edited 10:17am
Quoting vinesh2
Fontu going much lower then 1.476 area if things play out. Should see trend reversal sign soon
yes but nothing is working doing technicaly few days ,all expectation proved wrong & who knows pa will range this way of indecision . but can't for unlimited time.It will when settle the storm.
thanks,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #159,571
  • Nov 6, 2009 10:02am Nov 6, 2009 10:02am
Quoting vinesh2
Be ready for a nasty surprise towards the end of the day
could you elaborate?
  • #159,572
  • Nov 6, 2009 10:04am Nov 6, 2009 10:04am
With all the big whoop-dee-do about the jobs report...
looks like it was a non event....
  • #159,573
  • Nov 6, 2009 10:08am Nov 6, 2009 10:08am
Quoting jiva34
With all the big whoop-dee-do about the jobs report...
looks like it was a non event....
It is like I have said before this market is becoming somewhat immune to the news, it is burried in news and it used it act accordingly but over the last year and a half or so it reacts less and less to certain reports and they are really becoming a non event...sometimes it will go no nuts especially during the Big event...Interest rates...but now it seems like the market says big deal and move on....
  • #159,574
  • Nov 6, 2009 10:09am Nov 6, 2009 10:09am
is it this pair will go down further??
  • #159,575
  • Nov 6, 2009 10:09am Nov 6, 2009 10:09am
Quoting jiva34
With all the big whoop-dee-do about the jobs report...
looks like it was a non event....
Just like I've stated .. A lock-in is being contemplated by market makers and syndicate traders ... The day will close very likely between 1.4917 - 1.4862.

All in sh*t ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #159,576
  • Nov 6, 2009 10:14am Nov 6, 2009 10:14am
Quoting Popee83
Just like I've stated .. A lock-in is being contemplated by market makers and syndicate traders ... The day will close very likely between 1.4917 - 1.4862.

All in sh*t ...
Not if you've been long since 4640! (Target 4950)
  • #159,577
  • Nov 6, 2009 10:15am Nov 6, 2009 10:15am
Yankee parade going on here in NYC. Market taking a pause. WIll move in a couple of hours
  • #159,578
  • Nov 6, 2009 10:15am Nov 6, 2009 10:15am
Quoting jiva34
could you elaborate?
what are the nasty thing???
  • #159,579
  • Nov 6, 2009 10:17am Nov 6, 2009 10:17am
Quoting FX-Petra


b) Next, the previous swing low must be violated with a daily close
below. This number is 1.4482


Regards
If the price were to reach 1.4482 I wouldn't be surprised if the same people now shouting for Shorts suddenly start shouting for Longs.
  • #159,580
  • Nov 6, 2009 10:21am Nov 6, 2009 10:21am
Quoting jiva34
With all the big whoop-dee-do about the jobs report...
looks like it was a non event....
it will take a little while to sink in it seems.. watch oil/metals excluding gold.

oh and yen... its testing a little lower breakout.
those who can, do. those who cant, talk about those who can
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