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  • #180,521
  • Jan 13, 2010 9:41am Jan 13, 2010 9:41am
Quoting kilalik
remember people the key to this move is EUR/GBP bear move when that loses momentum then come out of the shorts and wait for it correct itself a bit higher then possible another short after that.

FYI the UK GDP estimate better than expected by 0.1% always good for the GBP= good for USD on todays session

1.4500 broke through

that is a false statement you have there. How can you position the most major cross over second line cross ?
  • #180,522
  • Jan 13, 2010 9:43am Jan 13, 2010 9:43am
Quoting ratman
that is a false statement you have there. How can you position the most major cross over second line cross ?
what you mean? be more specific!

by the way have you been paying attention to trends for past hour?

another thing looks like we might get a bounce back up to 1.4510-1.4520 area soon, 50 percent probability
then more bears to come, it's time to be vigilant.
  • #180,523
  • Jan 13, 2010 9:45am Jan 13, 2010 9:45am
up 120 pips or so down 100. what does this mean?

up move wasn't sustained (VSA would say the big players acumulated shorts to get money from us retailers)?
PA got to a point where it started a bigger down move still in play?

really don't know and, more than ever, don't know what to think: we are slightly up then the beginning of the move so would that mean a strong up thrust will come (like what happened on NFP day) or should i wait for a retrace of the down move and short again?

anyway i made up for the mistake i did earlier made 76 pips (times 2 since i traded double here).

we back to hapipipin
dreams do come true.
  • #180,524
  • Jan 13, 2010 9:45am Jan 13, 2010 9:45am
Quoting cunha
yea, Im using a 40pip trailing stop
that should work for the start of the movement. but it might correct later a bit more and you get stopped out... we'll see
  • #180,525
  • Jan 13, 2010 9:49am Jan 13, 2010 9:49am
Breakout flag at 5 min tf....
They think they are smarter than I am.
  • #180,526
  • Jan 13, 2010 9:53am Jan 13, 2010 9:53am
I think that we are due for retrace for the next hour so it really doesn't matter how much it will be what matters when the next bear slide will come .

I got out of all my shorts added 50 pips in 2 trades on the slide.
second one was x2

and it looks like retracing has begun officially across the board for majors.
  • #180,527
  • Jan 13, 2010 9:54am Jan 13, 2010 9:54am
Quoting kilalik
what you mean? be more specific!

by the way have you been paying attention to trends for past hour?

another thing looks like we might get a bounce back up to 1.4510-1.4520 area soon, 50 percent probability
then more bears to come, it's time to be vigilant.

what I mean is that moves in eur/usd influence other pairs not the opposite.
  • #180,528
  • Jan 13, 2010 9:56am Jan 13, 2010 9:56am
Quoting Mathias83
that should work for the start of the movement. but it might correct later a bit more and you get stopped out... we'll see
We are near daily central pivot point - and this was 61.8 retrace of whole daily move from 1.4456 towards 1.4579 - you should be aware of that...

Possibly better to take a little profit here - around 1.45-figure and then re-enter at a more convenient time-point and price-level ...

Nobody died from taking a little profit earlier, safe and soon cashed before dreams slip away...
  • #180,529
  • Jan 13, 2010 9:56am Jan 13, 2010 9:56am
Quoting wannaberich
up 120 pips or so down 100. what does this mean?

up move wasn't sustained (VSA would say the big players acumulated shorts to get money from us retailers)?
PA got to a point where it started a bigger down move still in play?

really don't know and, more than ever, don't know what to think: we are slightly up then the beginning of the move so would that mean a strong up thrust will come (like what happened on NFP day) or should i wait for a retrace of the down move and short again?

anyway i made up for the mistake i did earlier made 76 pips...
I don't think It is manipulation if that is what you mean. All signs were there, 32.8 fibo, trendline, W pattern and divergence everywhere. Trade what is given!!!
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  • #180,530
  • Jan 13, 2010 9:58am Jan 13, 2010 9:58am
anyway if the candles turn green don't we have a higher low that can point towards an up move?

Quoting redsheriff
We are near daily central pivot point - and this was 61.8 retrace of whole daily move from 1.4456 towards 1.4579 - you should be aware of that...

Possibly better to take a little profit here - around 1.45-figure and then re-enter at a more convenient time-point and price-level ...

Nobody died from taking a little profit earlier, safe and soon cashed before dreams slip away...
dreams do come true.
  • #180,531
  • Jan 13, 2010 9:59am Jan 13, 2010 9:59am
Quoting redsheriff
We are near daily central pivot point - and this was 61.8 retrace of whole daily move from 1.4456 towards 1.4579 - you should be aware of that...

Possibly better to take a little profit here - around 1.45-figure and then re-enter at a more convenient time-point and price-level ...

Nobody died from taking a little profit earlier, safe and soon cashed before dreams slip away...

yeah, I know, but imo a 61.8 retrace gives room for more.. but I dont wanna get too greedy...
  • #180,532
  • Jan 13, 2010 10:06am Jan 13, 2010 10:06am
Quoting cunha
yeah, I know, but imo a 61.8 retrace gives room for more.. but I dont wanna get too greedy...

Yes - I hear what you say - but what you have got - you have got - and nobody can take away from you anymore...

May be we could see much more later - as the sell-off structure is pretty strong...

But who knows...


Sorry - that's my kind of view...

;-)
  • #180,533
  • Jan 13, 2010 10:09am Jan 13, 2010 10:09am
Quoting ratman
what I mean is that moves in eur/usd influence other pairs not the opposite.
i agree, but not always. For the past month i have been watching EUR/GBP like a hawk during european session, because it the pair that determines what happens on the market, with of course exceptions (like unexpected unknown things that happen and make you scratch your head!)
besides those, it's the go-to pair.

When US opens and Europe closes there are 2 main pairs to watch EUR/USD and sometimes USD/JPY.

But i never take my eyes of the EUR/GBP.
  • #180,534
  • Jan 13, 2010 10:11am Jan 13, 2010 10:11am
Quoting TheLastCoke
I don't think It is manipulation if that is what you mean. All signs were there, 32.8 fibo, trendline, W pattern and divergence everywhere. Trade what is given!!!
cool I was with you when u put up that image, totally agreed with you!!!

good job!
  • #180,535
  • Jan 13, 2010 10:12am Jan 13, 2010 10:12am
I just recoqnized - that we have got a significant divergence in 15min and 30 min PRICECHARTS in comparison to RSI 7 Periods...

You might use your own platform for this to watch that...

For me it is an early hint for one more upside attempt is looming...

  • #180,536
  • Jan 13, 2010 10:15am Jan 13, 2010 10:15am
Quoting ratman
what I mean is that moves in eur/usd influence other pairs not the opposite.
Just look at the E/U G/U E/G and u will come to that conclusion
  • #180,537
  • Jan 13, 2010 10:16am Jan 13, 2010 10:16am
that's it! im out.. +53 pips
will stay out for now to analyze later possible moves..
  • #180,538
  • Jan 13, 2010 10:16am Jan 13, 2010 10:16am
just a thought, ECB rate decision tomorrow should stay at 1.0% along with discussions about greece(which shouldnt be good), will most likely negatively impact the EUR into tomorrow, and drive the dollar. assuming US news is good or even above average, it could be a potentially good day and end of week for the USD. just an idea for trading into the end of the week or at least through tomorrow.
  • #180,539
  • Jan 13, 2010 10:19am Jan 13, 2010 10:19am
I'm getting ready to long it big time, so you might want to rethink positions
Greed and impatience are our greatest enemies.
  • #180,540
  • Jan 13, 2010 10:21am Jan 13, 2010 10:21am
i'm took another 25 pips looks like there is a lot of momentum still left on down trend, 40 min before EUrope is out of play.
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