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  • #189,201
  • Feb 3, 2010 2:03pm Feb 3, 2010 2:03pm
Not to forget we have ECB meeting tomorrow so expect some volatility later today or evening
  • #189,202
  • Feb 3, 2010 2:07pm Feb 3, 2010 2:07pm
think we see 350/or 390 first
  • #189,203
  • Feb 3, 2010 2:09pm Feb 3, 2010 2:09pm
Quoting gatorinla
its possible.. nfp could be usd negative..and it could push all of this back to todays high or 4191 or whatever... its a game of probilitys.. so if you enter with a 1 or 2 % sl. you should be ok either way.. the closer the sl the less chance of it working but bigger profit potencial.. if conservative sl just above 4024 should be ok.. 3911 would be more risky... and so on.. im not working on any tf.. my chart tells me we will get to 3757 before 4024... nothing more. its in several different charts that are all bearish.. so thats 3 charts pointing...
Gator- Thank you for yout insight.
  • #189,204
  • Feb 3, 2010 2:11pm Feb 3, 2010 2:11pm
Quoting defariak
I wouldnt get too excited about eur/usd being bear until we get a clear break of 3900 not just tests of it
if you had a 6 didget combination lock what would be the odds of guessing all 6 before the lock was ever seen? closes are nice but the world is not flat. if your into closes check out the weeklys and monthly candles.
those who can, do. those who cant, talk about those who can
  • #189,205
  • Feb 3, 2010 2:13pm Feb 3, 2010 2:13pm
Quoting gatorinla
if you had a 6 didget combination lock what would be the odds of guessing all 6 before the lock was ever seen? closes are nice but the world is not flat. if your into closes check out the weeklys and monthly candles.
Great Book!!
  • #189,206
  • Feb 3, 2010 2:15pm Feb 3, 2010 2:15pm
Quoting vinesh2
Not to forget we have ECB meeting tomorrow so expect some volatility later today or evening
if they bail out greece there are 3 more hands out... P.I.G.S. if you bail out greece you and up with P.I._S. or pis for short.

purtegal ireland greece spain
those who can, do. those who cant, talk about those who can
  • #189,207
  • Feb 3, 2010 2:20pm Feb 3, 2010 2:20pm
Quoting gatorinla
if they bail out greese there are 3 more hands out... P.I.G.S. if you bail out greese you and up with P.I._S. or pis for short.
so go short?...lol
I'll pick up the crumbs don't need the whole pie
  • #189,208
  • Feb 3, 2010 2:23pm Feb 3, 2010 2:23pm
Quoting gatorinla
if you had a 6 didget combination lock what would be the odds of guessing all 6 before the lock was ever seen? closes are nice but the world is not flat. if your into closes check out the weeklys and monthly candles.
And tests of a line are taken with a grain of salt. Just because price is testing a line doesnt mean diddly.
I do look at weekly charts, monthly charts I do not because I feel the relavence of them is minimal.
So if we want to look at weekly, 3900 is a significant level, it was a major support for the entire middle of last year and again, just because its being tested means nothing. Prices havent been below 3900 in about a year. The probabilities of it breaking 3900 on the first go after a year is very low, in all actuality, the probability of it just testing and rebounding up are way higher than it clearly breaking the floor out.
But all that being said, it can go either way because just because the probability favors one choice doesnt mean its law so eh.. we shall see.
Im a zombie.. "Rawr"
  • #189,209
  • Feb 3, 2010 2:23pm Feb 3, 2010 2:23pm
Quoting Quickiepip
so go short?...lol
did you see his chart on last page?
  • #189,210
  • Feb 3, 2010 2:24pm Feb 3, 2010 2:24pm
Quoting Quickiepip
so go short?...lol
thats its up to you.. my sl are wide. if your scalping you need to consider this.
those who can, do. those who cant, talk about those who can
  • #189,211
  • Feb 3, 2010 2:25pm Feb 3, 2010 2:25pm
Looking to get in this trade target .3757.
Gator from here now what do your chart says about a good entry point.
Thanks
R
One good turn gets most of the blankets.
  • #189,212
  • Feb 3, 2010 2:29pm Feb 3, 2010 2:29pm
Quoting Quickiepip
so go short?...lol
Dont go any way off of what someone tells you wether its Gator, Me, or Bernanke himself, Read your charts and place your trades according to your charts, listening to what others say as law and placing your trades by what they say no matter who it is will get you hurt badly in the long run.
Take what people say as opinions and views and then keep it in mind when forming your decisions based on the facts and what your charts tell you.
My 2 cents..
Im a zombie.. "Rawr"
  • #189,213
  • Feb 3, 2010 2:30pm Feb 3, 2010 2:30pm
Quoting defariak
And tests of a line are taken with a grain of salt. Just because price is testing a line doesnt mean diddly.
I do look at weekly charts, monthly charts I do not because I feel the relavence of them is minimal.
So if we want to look at weekly 3900 is a significant level, it was a major support for the entire middle of last year and again, just because its being tested means nothing. Prices havent been below 3900 in about a year. The probabilities of it breaking 3900 on the first go after a year is very low, in all actuality, the probability of it...
i hear ya
those who can, do. those who cant, talk about those who can
  • #189,214
  • Feb 3, 2010 2:32pm Feb 3, 2010 2:32pm
Quoting gatorinla
if they bail out greece there are 3 more hands out... P.I.G.S. if you bail out greece you and up with P.I._S. or pis for short.

purtegal ireland greece spain
Its PIIGS actually, Italy is struggeling as well...
  • #189,215
  • Feb 3, 2010 2:32pm Feb 3, 2010 2:32pm
Really I was commenting on your p.i.s for short comment....LOL

I'm on the side lines watching...there are maybe 30 to 40 pips from here...
I'd be going in blind because nothing is lining up for a short for me...

I see a small 10 pip long at 1.3914... and then a short at 1.3924..

if you don't stick to your own rules you open the door for chaos and panic...
I'll pick up the crumbs don't need the whole pie
  • #189,216
  • Feb 3, 2010 2:33pm Feb 3, 2010 2:33pm
Quoting gatorinla
i hear ya
Although a better than expected nfp so close to 3900 lvl could be what it takes to push below that lvl..
We shall see heh
5 years of trading Forex and NFP's still scare the shit outta me heh
Im a zombie.. "Rawr"
  • #189,217
  • Feb 3, 2010 2:34pm Feb 3, 2010 2:34pm
Quoting randy1953
Looking to get in this trade target .3757.
Gator from here now what do your chart says about a good entry point.
Thanks
R
i dont have an answer.. read up a few post about percentage and sl..i posted those numbers hours ago. then was the better entry.. now use a good risk to reward. you may get a better entry after u.s. stock market closes. we have been drifting north in the evenings.
those who can, do. those who cant, talk about those who can
  • #189,218
  • Feb 3, 2010 2:36pm Feb 3, 2010 2:36pm
Quoting TrooperCoope
Its PIIGS actually, Italy is struggeling as well...
2 ii better then one..

but i suspect aud will fall.. soon or next few weeks.. look out for it.. eu ect. will go with it.. aud could be tonight. i dont know. but i expect it soon..
those who can, do. those who cant, talk about those who can
  • #189,219
  • Feb 3, 2010 2:36pm Feb 3, 2010 2:36pm
Quoting gatorinla
if they bail out greece there are 3 more hands out... P.I.G.S. if you bail out greece you and up with P.I._S. or pis for short.

purtegal ireland greece spain
The problem with Greece is that some institutions and regulatory parts behaved like if they were Chinese (as in not reliable data). Now that the s*it hit the fan they need to re-structure and get back to par with the rest of EU.

In all other cases each country has it's own structure to take deficits back to acceptable values to meet the ECB requirements. Some will get there faster than others, but 2013 should see most of them already in the Green, or at least thats what the ECB expects.

As for bailouts, no way josay!
Traders are smartasses
  • #189,220
  • Feb 3, 2010 2:39pm Feb 3, 2010 2:39pm
Thanks I may wait for the NFP see if we get a good bounce back around the 1.400 level. If I can get in today at .3950 or so I will see you on the way down.



Quoting gatorinla
i dont have an answer.. read up a few post about percentage and sl..i posted those numbers hours ago. then was the better entry.. now use a good risk to reward. you may get a better entry after u.s. stock market closes. we have been drifting north in the evenings.
One good turn gets most of the blankets.
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