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  • #223,881
  • Apr 12, 2010 3:05am Apr 12, 2010 3:05am
http://www.dormantrading.com/TraderT...RSI;&data=I:60

Starting to drift down, once price gets to last Friday close/upper wedge trend line there may be a strong move up, have to keep an eye on smaller charts.
Prices oscillate, trends persist. Trend is your friend.
  • #223,882
  • Apr 12, 2010 3:07am Apr 12, 2010 3:07am
Quoting crak0
Wouldn't be surprised to see the markets put Greece to the test and squeeze out higher yields...



Gotta time it right before they run off to Merkel/IMF asking for monies...
for every action there is a reaction. dont think the buyers dont know what we all know. that germany holds greece junk. so they may squeeze germany too. and if germany has to pay more, so does the rest.. cost goes up back to the new crisis next week.. stay tuned till next week.. a train wreck in slow motion..
those who can, do. those who cant, talk about those who can
  • #223,883
  • Apr 12, 2010 3:07am Apr 12, 2010 3:07am
Quoting Goonerboy
stop now moved to entry +20 at 1.3610

$500 already taken, $250 locked in and only 4 contracts sold 27 minutes ago.
and that is me done 60 pips profit in 34 minutes, cost me $20 fees and commissions and I had my stop limit moved up to saftey at entry +1 in less than one 400 volume bar...
  • #223,884
  • Apr 12, 2010 3:09am Apr 12, 2010 3:09am
Quoting PriceVolume
Even with intervention. Ain't that sumthi'n.
just following the same bear path
those who can, do. those who cant, talk about those who can
  • #223,885
  • Apr 12, 2010 3:12am Apr 12, 2010 3:12am
Quoting mercy seat
Einige Members haben es ja bereits bemerkt.

Da war schlicht gar kein GAP.

Also gibt es auch keines zu schließen.

Der INTERBANK MARKT hatte eine Art Ballung im aufsteigenden Ast um ca. 1.3570 - 1.3580 herum.


OK ? !


Das sollte vorerst als Hinweis reichen. Sorry - I am busy.




bibib
Some Members already noticed it. There was simply no GAP. Thus it also none gives to close. The INTERCBANK a kind concentration in the ascending branch had MARKET around approx. 1,3570 - 1,3580. OK ONE? ! That should be enough for the time being as reference. Sorry - I to busy. bibib
  • #223,886
  • Apr 12, 2010 3:14am Apr 12, 2010 3:14am
Quoting thelws
Im defending it. But at 13570. coz thats where I got my lines.

The fact that an indicator is either extremely oversold or overbought is not a reason to take a trade. It is a mere consideration, no better than that. We buy and sell for a specific reason, and it is not support and resistance either. Shock! Horror! ‘That can’t be so, all the classic text books………… The reality of the markets is that support and resistance is broken all the time: that is how price moves. The traditional approach presupposes that support and resistance will hold. How does such an open, loosely qualified presumption stand square with a strict requirement for risk management principles?
For example, one commentator recently criticized our view on the Euro. His argued that the Euro is set to appreciate significantly against the US dollar to the extent that it would print new highs. He stated unequivocally that the 1.3500 level would not be breached. This is a support area – true enough. Now he may be right about the highs eventually, but clearly not at this time. His view appears driven by reliance on Bollinger bands at the expense of the naked price data on the charts. It is also wrong in our view to approach the markets holding such an unequivocal view. The markets are free to do what they want. We respond to them. It is picking a fight with a champion prize fighter – you are going to lose and get beaten up badly. Or expressed differently popping your head above burrow level into the cross hairs of Elmer’s gun!
Pure price action is what gives you a clear edge in the market. Your ability to interpret the flow of price will lead to success. Admittedly, this is not easy. It takes study and time. It also needs the guiding hand of experience.
  • #223,887
  • Apr 12, 2010 3:16am Apr 12, 2010 3:16am
Quoting T.E.Lawrence
Some Members already noticed it. There was simply no GAP. Thus it also none gives to close. The INTERCBANK a kind concentration in the ascending branch had MARKET around approx. 1,3570 - 1,3580. OK ONE? ! That should be enough for the time being as reference. Sorry - I to busy. bibib
I get the no gap argument - I really do. But, the market detests jumps like this outside of a major market being open....that's why "gaps" are so often faded. Think of it this way....price got to move in an extreme way, without support and/or resistance being "vetted". Such moves will often be tested...and either prove to be "valid" or otherwise.
  • #223,888
  • Apr 12, 2010 3:19am Apr 12, 2010 3:19am
Morning
The best thing that can happen to you is to find out where you're wrong.
  • #223,889
  • Apr 12, 2010 3:20am Apr 12, 2010 3:20am
Quoting Driver55
Morning
Morning Driver
  • #223,890
  • Apr 12, 2010 3:21am Apr 12, 2010 3:21am
damn im so tired of waiting to short uj and gj, im slpy...
  • #223,891
  • Apr 12, 2010 3:21am Apr 12, 2010 3:21am
Just because some of the traders don't have a gap on there platforms, does that mean that there is no gap on others? No. as I said before, and I'll post it again.
Typical bear flag price pattern, and to the guy who thought this was a bull flag, a bear flag ascends upward before price breaks down. A bull flag descends downward before price breaks up.

Oh and notice the huge gap!
Attached Image (click to enlarge)
Click to Enlarge Name: bear flag.JPG Size: 161 KB
All that is left in FF is just plain garbage. "Cloggie"
  • #223,892
  • Apr 12, 2010 3:25am Apr 12, 2010 3:25am
phew, finally shorted uj w my eyes almost closing... damn...
  • #223,893
  • Apr 12, 2010 3:25am Apr 12, 2010 3:25am
Good morning. Obvious gap, several pairs, when will it close. Has the high been reached? Good luck.
  • #223,894
  • Apr 12, 2010 3:28am Apr 12, 2010 3:28am
Quoting tonyo524
Just because some of the traders don't have a gap on there platforms, does that mean that there is no gap on others? No. as I said before, and I'll post it again.
Typical bear flag price pattern, and to the guy who thought this was a bull flag, a bear flag ascends upward before price breaks down. A bull flag descends downward before price breaks up.

Oh and notice the huge gap!
There is a difference between a flag pennant and wedge.

The on you are talking about is a wedge. A falling wedge is a bull signal.
A rising wedge is a bear signal.

Either way it doesn't matter. I could be wrong. I'll pick up a book later and read up again. As long as I make money I can call it anything I want
  • #223,895
  • Apr 12, 2010 3:28am Apr 12, 2010 3:28am
Hi
I think she can break 1.3600, any comment.
Follow the rules and be successful.
  • #223,896
  • Apr 12, 2010 3:29am Apr 12, 2010 3:29am
Quoting Atlast
Good morning. Obvious gap, several pairs, when will it close. Has the high been reached? Good luck.
We don't know the answers to these questions right now. Still waiting for the voodoo report. Please standby.
  • #223,897
  • Apr 12, 2010 3:30am Apr 12, 2010 3:30am
[quote=Goonerboy;3629474]The fact that an indicator is either extremely oversold or overbought is not a reason to take a trade. It is a mere consideration, no better than that. We buy and sell for a specific reason, and it is not support and resistance either. Shock! Horror! ‘That can’t be so, all the classic text books………… The reality of the markets is that support and resistance is broken all the time: that is how price moves. The traditional approach presupposes that support and resistance will hold. How does such an open, loosely qualified presumption stand square with a strict requirement for risk management principles?
For example, one commentator recently criticized our view on the Euro. His argued that the Euro is set to appreciate significantly against the US dollar to the extent that it would print new highs. He stated unequivocally that the 1.3500 level would not be breached. This is a support area – true enough. Now he may be right about the highs eventually, but clearly not at this time. His view appears driven by reliance on Bollinger bands at the expense of the naked price data on the charts. It is also wrong in our view to approach the markets holding such an unequivocal view. The markets are free to do what they want. We respond to them. It is picking a fight with a champion prize fighter – you are going to lose and get beaten up badly. Or expressed differently popping your head above burrow level into the cross hairs of Elmer’s gun!
Pure price action is what gives you a clear edge in the market. Your ability to interpret the flow of price will lead to success. Admittedly, this is not easy. It takes study and time. It also needs the guiding hand of experience.]
what you have said is just the utmost truth
  • #223,898
  • Apr 12, 2010 3:30am Apr 12, 2010 3:30am
Quoting T.E.Lawrence
We don't know the answers to these questions right now. Still waiting for the voodoo report. Please standby.
You crack me up; truly.
  • #223,899
  • Apr 12, 2010 3:32am Apr 12, 2010 3:32am
Quoting Goonerboy
The fact that an indicator is either extremely oversold or overbought is not a reason to take a trade....
Well said. I do it all the time. Sometimes I'm wrong but it is fine.

Btw, Just how big is your trading account? You said you shorted 4 lots. I'm curious
  • #223,900
  • Apr 12, 2010 3:33am Apr 12, 2010 3:33am
Quoting PriceVolume
I get the no gap argument - I really do. But, the market detests jumps like this outside of a major market being open....that's why "gaps" are so often faded. Think of it this way....price got to move in an extreme way, without support and/or resistance being "vetted". Such moves will often be tested...and either prove to be "valid" or otherwise.
A lot of platforms were closed so the gap is there on many people's screens & that makes it valid. As far as I understand it only 1 futures contract was available to trade, which just followed interbank spot rate from what I can make of it. It is a huge gap & closure remains very likely.
Prices oscillate, trends persist. Trend is your friend.
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