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  • #210,041
  • Mar 11, 2010 6:43pm Mar 11, 2010 6:43pm
Quoting malcolmb14

If I was a large hedge fund and I already have a euro position from way higher BUT I want to add ... will I wait for the retrace to a higher level or will I sell off major support on the weekly and monthly ?
Monthly............

Eur/Cad is 500 pips away from lows of 06' and '08. Eur/Aud is 500 pips away from lows of '97. Eur/usd is 5,000 pips away from lows of '01.
  • #210,042
  • Mar 11, 2010 6:44pm Mar 11, 2010 6:44pm
so i can go to sleep now and sleep well as my sl is above it, right?


tomorrow i have to go to work as some of us PIIGS try to make things go forward instead of sitting in the sun (just because it's not to warm yet LOL)


Quoting JasonGuillen
I'm gonna say no, as that would harm my cash flow. It is therefore impossible.
dreams do come true.
  • #210,043
  • Mar 11, 2010 6:44pm Mar 11, 2010 6:44pm
Quoting JasonGuillen
I'm gonna say no, as that would harm my cash flow. It is therefore impossible.
ok... so.. lets pray to God together bro..
  • #210,044
  • Mar 11, 2010 6:49pm Mar 11, 2010 6:49pm
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A 6.9-magnitude earthquake hit at 11:39 a.m. local time (9:39 a.m. ET), followed by a 6.7-magnitude quake 16 minutes later, the U.S. Geological Survey reported. A third, measured at magnitude 6.0, came 27 minutes later.
They were the strongest aftershocks to rattle Chile since a February 27 earthquake on the country's west coast that toppled buildings and spawned a tsunami, killing several hundred people.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #210,045
  • Mar 11, 2010 6:49pm Mar 11, 2010 6:49pm
Quoting ma_cowburn
i see a bullish flag pole on the 1hr chart!!, can anyone see that ? or is that correct?
You can google it but this is not really a good bullish flag formation on the 60m. When they drift up (If this was actually a flag) then they usually turn the other way... In this instance down.

I don't really see a flag but you might see something I don't. I do see the Pennant from yesterday that broke north but I usually only like the strong formations when there is a definite flag with boundaries.
  • #210,046
  • Mar 11, 2010 6:56pm Mar 11, 2010 6:56pm
Quoting wannaberich
If we go sideways, (13680, for instance) the TL that ruled this downer will be hit in 24 hours.

if it goes up to 1.37 on the next hour also we would be hitting it...

i really think that line will have some massive volume when hit. either for a break or for a meaningful downmove.

do you think that such a strong trend line can be broken on one strike?

If we allow for some slippage, it has already been hit. alltough I'd like to see 3695 / 3700, it can be considered as completed in my view. Just depends how long it will rub it before heading back (or through).
  • #210,047
  • Mar 11, 2010 6:56pm Mar 11, 2010 6:56pm
I feel strongly that this is a push up before a big drop. BUT how far up will it push? Any ideas? I can't carry it all the way to 1.4 but I don't want to miss the drop?
  • #210,048
  • Mar 11, 2010 6:57pm Mar 11, 2010 6:57pm
13680 down
  • #210,049
  • Mar 11, 2010 7:00pm Mar 11, 2010 7:00pm
Quoting Clouds
Monthly............

Eur/Cad is 500 pips away from lows of 06' and '08. Eur/Aud is 500 pips away from lows of '97. Eur/usd is 5,000 pips away from lows of '01.

Clouds I was a euro bear for a while now not so sure

Not going to tlak of volumes. Here is my monthly.

1) Linear regression with 2 sd off very lows.... we almost touched it, So unless this is broken we could say monthy is still in an uptrend since Jan 2000
2) The drop off 1.5100 stopped DEAD on the 61.8 % of the up move of 2008 lows. So is in fact this drop or just a retracement ? There is a slim chance that this is wave 3 forming or some kind of abc coreection on the weekly. Maybe any EW traders out there can comment. Do not ask me how what or why ... but there is a chance.
3) there is a major s/r line at 1.3664. As of now we are on it. Could this just in fact be a retracement and test of the oriignal breakout zone 1.3500 to 1.3664 ? This has not been tested since lows of 2008

We can both argue long term charts. Only time will tell the true story.

I can also come up with a bear set up

Attached Image (click to enlarge)
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  • #210,050
  • Mar 11, 2010 7:01pm Mar 11, 2010 7:01pm
Quoting malcolmb14
treu but last 20 hours mostly have been higher high s until we hit that resistance. Now if sellers were really interested at this point declines off this critical level would have been seen

I expect price may waffle around in a band 1.3680 to 1.3660 . This seems to be a critical s/r zone on the weelies form way back in 2007

Breaks do not often happen in Asia. If we see break out it will be London

Attachment
thx malcolme for the reply and remember you were the trader to tell us that on weekly this could go to 1.2 area if the waves what we have now are 1 and2 and they are . that was 3 months ago .
  • #210,051
  • Mar 11, 2010 7:04pm Mar 11, 2010 7:04pm
Enter,

i made a zoom, adjusted it to the pip (wicks included) and we are still not there. well, at least with the feed (broker) i have...

looking at 1h charts for that (sometimes when i change TF, TL seem to "move" a couple of pips).

anyway, i think i can go to sleep, wake up and still we didn't touch it... might even retrace a bit a that will give her time. maybe at london ny overlap. any interesting news tomorrow?


Quoting enterfx
If we allow for some slippage, it has already been hit. alltough I'd like to see 3695 / 3700, it can be considered as completed in my view. Just depends how long it will rub it before heading back (or through).
dreams do come true.
  • #210,052
  • Mar 11, 2010 7:06pm Mar 11, 2010 7:06pm
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 48 KB
  • #210,053
  • Mar 11, 2010 7:08pm Mar 11, 2010 7:08pm
Doji in 4H.
Could that be a sing?
Just in case I'm shorting here.
  • #210,054
  • Mar 11, 2010 7:10pm Mar 11, 2010 7:10pm
Quoting Caravanpark
I feel strongly that this is a push up before a big drop. BUT how far up will it push? Any ideas? I can't carry it all the way to 1.4 but I don't want to miss the drop?

I share your feeling. Price sits just below daily trendline which is at 1.37 +/- . I am already short, but will definitely add shorts at around 3695 / 3705. At least we should get some decent bounces from those levels.
  • #210,055
  • Mar 11, 2010 7:11pm Mar 11, 2010 7:11pm
Quoting nawafasad1
thx malcolme for the reply and remember you were the trader to tell us that on weekly this could go to 1.2 area if the waves what we have now are 1 and2 and they are . that was 3 months ago .

lol yeah I did . I am talking of this going to 1.4000 / 1.4100 on a retrace.

Also did not expect it to stop dead at 1.3500 with 4 weekly dojis and now a hammer by the look of it.

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  • #210,056
  • Mar 11, 2010 7:13pm Mar 11, 2010 7:13pm
Quoting malcolmb14
Clouds I was a euro bear for a while now not so sure

Not going to tlak of volumes. Here is my monthly.

1) Linear regression with 2 sd off very lows.... we almost touched it, So unless this is broken we could say monthy is still in an uptrend since Jan 2000
2) The drop off 1.5100 stopped DEAD on the 61.8 % of the up move of 2008 lows. So is in fact this drop or just a retracement ? There is a slim chance that this is wave 3 forming or some kind of abc coreection on the weekly. Maybe any EW traders out there can comment. Do not ask me how...
Market has been boring this month really. Do you have any thoughts about eur/aud and eur/cad? I think 'Fairly soon' there might be some opportunities there.
  • #210,057
  • Mar 11, 2010 7:15pm Mar 11, 2010 7:15pm
Quoting malcolmb14
lol yeah I did . I am talking of this going to 1.4000 / 1.4100 on a retrace.

Also did not expect it to stop dead at 1.3500 with 4 weekly dojis and now a hammer by the look of it.

Attachment
u r going toooo far with your long man take it easy , the max we can get 1.3865 otherwize it will be reversal trend up where it can confirm the bullish climax
  • #210,058
  • Mar 11, 2010 7:16pm Mar 11, 2010 7:16pm
Quoting malcolmb14
Also did not expect it to stop dead at 1.3500 with 4 weekly dojis and now a hammer by the look of it.
Looks like it's going to end up a bearish engulfing to me....lol......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #210,059
  • Mar 11, 2010 7:19pm Mar 11, 2010 7:19pm
Quoting malcolmb14
Translated this means

Just food for thought. Not saying this is going to happen .
Oh, I just dont have appetite to take the food ..

just joking hehe
  • #210,060
  • Mar 11, 2010 7:19pm Mar 11, 2010 7:19pm
Quoting Kidlamond
Doji in 4H.
Could that be a sing?
Just in case I'm shorting here.
call it doji in 40 more minutes
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