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  • #211,421
  • Mar 15, 2010 9:14pm Mar 15, 2010 9:14pm
Quoting fxpipper
Hey malcolmb did we just witness a "shake-out"? Price dropped rapidly, trapped sellers, then swiftly moved back up...killing them. I wasn't watching volumes, (but I'm sure you were!)
15 min that is exactly what happened on drop to 1.3660

THEN EURO EXPLODED UP 1 PIP

lol
Blogging daily now at www.volume.zone
  • #211,422
  • Mar 15, 2010 9:18pm Mar 15, 2010 9:18pm
Quoting malcolmb14
15 min that is exactly what happened on drop to 1.3660

THEN EURO EXPLODED UP 1 PIP

lol
Before it EXPLODED up I got out of a quick sell for a few pips....lucky! Memo to self.....don't jump on the moving train!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #211,423
  • Mar 15, 2010 9:21pm Mar 15, 2010 9:21pm
on daily it trapped between (20-40) EMA, back when it was at 1.45, it took 4 days to drop down, so there's chance of 1.365-1.38 range for next few days, with high probability of it dropping to the downside, there's also possibility of it dropping down tonight - im not going add probability of it going above 1.38, because i'm a trend follower.
  • #211,424
  • Edited 9:48pm Mar 15, 2010 9:22pm | Edited 9:48pm
no need to raise.. but since they will stop buying mortgages it will have a similar affect. but this has been known for months and may be priced in. on the other hand mortgages will now go through a normal private sector channels now. so this may cause a rate increase after march (without fed). this could be seen as tightening of the money. (fed will not buy loans so private sector or fannie/freddy will be second market or banks have to hold all new loans. so they wont freely loan/no easy money... add in credit card tightening) this and other means, such as tightening usd liquidity to foreign banks. as i can see has made usd stronger. and one of the reasons i have bought usd heavily since nov.

if they change language in any way to indicate usd strength it will only further strengthen usd. if they dont change any language it still may strengthen usd trend. neutral language and the trend remains.
those who can, do. those who cant, talk about those who can
  • #211,425
  • Mar 15, 2010 9:24pm Mar 15, 2010 9:24pm
Quoting fxpipper
Hey malcolmb did we just witness a "shake-out"? Price dropped rapidly, trapped sellers, then swiftly moved back up...killing them. I wasn't watching volumes, (but I'm sure you were!)
meeting minutes from down under
hang on to your bread......unless you want toast
  • #211,426
  • Mar 15, 2010 9:28pm Mar 15, 2010 9:28pm
Quoting realjumper
Before it EXPLODED up I got out of a quick sell for a few pips....lucky! Memo to self.....don't jump on the moving train!!!

for sure a little buy interest down here

Attached Image (click to enlarge)
Click to Enlarge Name: chart1974.png Size: 228 KB
Blogging daily now at www.volume.zone
  • #211,427
  • Mar 15, 2010 9:33pm Mar 15, 2010 9:33pm
Quoting malcolmb14
for sure a little buy interest down here

Attachment
woo who ?
hang on to your bread......unless you want toast
  • #211,428
  • Mar 15, 2010 9:35pm Mar 15, 2010 9:35pm
Quoting malcolmb14
15 min that is exactly what happened on drop to 1.3660

THEN EURO EXPLODED UP 1 PIP

lol
LOL you joker.

I was watching it on the 5M but ever since you called that classic shake about a month ago (at like 3AM my time) I've been wary of sudden big drops following sideways movement. (I don't even know if we can classify this as a big drop...It was only 20-25 pips, but whatever). I almost went short at the bottom, but decided against it. Should have bought...but too late. Oh well screw it.
  • #211,429
  • Mar 15, 2010 9:41pm Mar 15, 2010 9:41pm
Quoting Gld
woo who ?
he probably rolled cause he made the call like 5 hrs ago that we'd go to 50 and we never got there....
  • #211,430
  • Mar 15, 2010 9:42pm Mar 15, 2010 9:42pm
im fairly sure 137 area will provide some good resistance, but then question is whether a new low gets clocked.
  • #211,431
  • Mar 15, 2010 9:43pm Mar 15, 2010 9:43pm
Quoting woo
when we were at 37 handle, i told u guys, the price would go down to at least, 60, and then because of tp taking, go up to 80. This is exaclty what i told, and it happened. We were rejected at 80.

now we are going to 51 baby. Im short.
This one...?
  • #211,432
  • Mar 15, 2010 9:43pm Mar 15, 2010 9:43pm
Quoting uraceulose
he probably rolled cause he made the call like 5 hrs ago that we'd go to 50 and we never got there....
51 if i remember right
hang on to your bread......unless you want toast
  • #211,433
  • Mar 15, 2010 9:45pm Mar 15, 2010 9:45pm
Quoting Gld
51 if i remember right
i've been sittin here way too long !
hang on to your bread......unless you want toast
  • #211,434
  • Mar 15, 2010 9:45pm Mar 15, 2010 9:45pm
Be very carefull on longing the EUR/USD pair. The recent strong drop from the high of 3796 and the tendency to not have a hammer like candle is a strong indication of more downward motion. Why all this is not happening is not clear, but I am looking to short the EUR at the region of 3700-3720.

Good Luck and Happy Trading
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  • #211,435
  • Mar 15, 2010 9:47pm Mar 15, 2010 9:47pm
Quoting Gld
i've been sittin here way too long !
lol, it's been a slow few hours.

Here's a chart with blue S/R, purple PP, yellow fib from yesterday move, red is last week. grey line is open and aqua are mid pivots.

Attached Image (click to enlarge)
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  • #211,436
  • Mar 15, 2010 9:47pm Mar 15, 2010 9:47pm
what do we have here? a bunch of 1 minute traders? it's not moved in 5 hours because it's break time - usually a move is 100 pips in 1 hour, and 23 hours of nothing. get used to it...
  • #211,437
  • Mar 15, 2010 9:48pm Mar 15, 2010 9:48pm
Quoting Kambooj
Be very carefull on longing the EUR/USD pair. The recent strong drop from the high of 3796 and the tendency to not have a hammer like candle is a strong indication of more downward motion. Why all this is not happening is not clear, but I am looking to short the EUR at the region of 3700-3720.

Good Luck and Happy Trading
Does the number 396 mean anything to anyone?
  • #211,438
  • Mar 15, 2010 9:49pm Mar 15, 2010 9:49pm
Quoting Gld
woo who ?
woos on first
those who can, do. those who cant, talk about those who can
  • #211,439
  • Mar 15, 2010 9:53pm Mar 15, 2010 9:53pm
Quoting uraceulose
lol, it's been a slow few hours.

Here's a chart with blue S/R, purple PP, yellow fib from yesterday move, red is last week. grey line is open and aqua are mid pivots.

Attachment
i chased it this morning, didn't get short till 95....took 1/2 off at 45, but forgot to move sl, so now i gotta babysit the sob !
hang on to your bread......unless you want toast
  • #211,440
  • Mar 15, 2010 9:54pm Mar 15, 2010 9:54pm
Quoting gatorinla
woos on first
hang on to your bread......unless you want toast
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