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  • #235,961
  • May 4, 2010 4:20pm May 4, 2010 4:20pm
Quoting Cotton-I-Jo
I by myself didn't expect lower than 3032 ,...
i got working charts... sorry... i had working charts.. that went to .8 and lower.. with 1.6034 as the top. just like these from 1.3360... they all work..

even small charts.. but during consolidation there are too many charts working against each other. so you need a flush... look at the wedges on aud in the last 12 weeks... they all show reversal wedges verses any pair excluding commodity pairs on weekly chart. this was the flush... now pull out your ma anyones you like.. on the weekly... put up 200 sma or any ma you want... then put a 8 21 34 50 100 or any other you want. we crossed 200 with 8 21 crossed 34?.............there or other crosses too... go back in history and count the times this has happend.. look at weekly mac look at monthly... all bearish............ these just confirmed what my charts already told me. the move from 1.6 was incomplete.
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those who can, do. those who cant, talk about those who can
  • #235,962
  • May 4, 2010 4:21pm May 4, 2010 4:21pm
Volume goes up a bit, @Dukas some millions more, especially in rising ticks on Eur/usd.

I guess some big buyers enter and some big sellers are still in play.

But who is the buyer ?

I still stay sideline but I thinks somethings coming up at the horizon...+

Jack
  • #235,963
  • May 4, 2010 4:24pm May 4, 2010 4:24pm
Quoting JackintheBox
@Ohka: Same to me... if I would be a gambler or more brave, i would have taken some short at 1.30 but it's complete crazy - also to go long .
If Eur/usd stays 10 minutes more under 1.30 1.2960 is ready to come, high chance.

Little chance to go low 1.29's ... but I don't (hope) think so... Asians shouldn't bring him much more down.

I am on the fence.

Jack
Looking at the long term charts and current volatility, I wouldn't be too surprised to see price action south of 2800 before too long....

all the best
Ohka
  • #235,964
  • May 4, 2010 4:24pm May 4, 2010 4:24pm
Quoting freddylek
I cant just understand why some poeple are trading or proposing to trade against the trend
Because most on FF have small account value, so they are "forced" to trade very short time frames & as we know they aren't prefect to be traded because they are full of noise. And that is why such a big amount of retail traders lose out, they can't win, because they keep on trading minute charts & marking stops within noise. So it's basically either 'till death do us apart' or 'death from a thousand cuts' for a vast majority. The ones that survive either learn how to take advantage of price action through months & possibly years of screen time or invest bigger capital & trade longer term, which is what the big boys trade - big trends & big levels. Retail traders' orders are mostly like plankton for a whale.

I have started an advisory service recently that breaks it down to new traders 'why they will lose, unless..'.
Prices oscillate, trends persist. Trend is your friend.
  • #235,965
  • May 4, 2010 4:27pm May 4, 2010 4:27pm
bbl.. dont forget china may crash..rule of 72 says so.
rule of 1 agrees "mule that shit fast, don't shit long".
those who can, do. those who cant, talk about those who can
  • #235,966
  • May 4, 2010 4:30pm May 4, 2010 4:30pm
Quoting jsspmk
Retail traders' orders are mostly like plankton for a whale.
Well put.
  • #235,967
  • May 4, 2010 4:33pm May 4, 2010 4:33pm
still selling, i can't believe it, 1.2967 barely holding the pressure.

Anyone seen sth. like this before ?? Downmoves ok, but THAT ?...

Who's unloading all Euro's at once ? Insider or crazy guys ?
  • #235,968
  • May 4, 2010 4:33pm May 4, 2010 4:33pm
Man a 240plusdrop and not even a 10 pip retrace..incredible..
I really need a retrace..
Dean
  • #235,969
  • May 4, 2010 4:36pm May 4, 2010 4:36pm
Quoting JackintheBox
Anyone seen sth. like this before ??
Sure, 2008, take a look at 9-29, 9-30, 10-1 and 10-2, down 800 pips in 4 days
  • #235,970
  • May 4, 2010 4:39pm May 4, 2010 4:39pm
Quoting JackintheBox
still selling, i can't believe it, 1.2967 barely holding the pressure.

Anyone seen sth. like this before ?? Downmoves ok, but THAT ?...

Who's unloading all Euro's at once ? Insider or crazy guys ?
What do you mean? This was a gradual move from what I can tell. And not that big of one...Seen plenty of action like this; it's called trending lol
  • #235,971
  • May 4, 2010 4:40pm May 4, 2010 4:40pm
Quoting gatorinla
nope...all i did was long there. i told you where i would long. before i did *L*
how's that long workin for ya ? *L*
hang on to your bread......unless you want toast
  • #235,972
  • May 4, 2010 4:41pm May 4, 2010 4:41pm
Many of us know that the eur is going down to test 08 lows and go lower eventually this year however I dont feel like this is the move to so, was there really a catalst today to support a free fall...i dont think so. Just doesnt feel right.
Former Trader Of the Year of the 95% losing club! Retired
  • #235,973
  • May 4, 2010 4:43pm May 4, 2010 4:43pm
No you have not seen plenty like this because this only happened 2 or 3 times if it happened that much. Sure the market has dropped more than this but always with some kind of retrace. This drop does not have any retrace. You will not find this in the charts if you do it's only once or twice..
dean




quote=Protogenos;3696305]What do you mean? This was a gradual move from what I can tell. And not that big of one...Seen plenty of action like this; it's called trending lol[/quote]
  • #235,974
  • May 4, 2010 4:43pm May 4, 2010 4:43pm
90+members looking here now, must be a lot of pros !
give us your analysis now !!!
  • #235,975
  • May 4, 2010 4:44pm May 4, 2010 4:44pm
Quoting Gld
how's that long workin for ya ? *L*
His "long" was a short exit...you can call those longs when it's gator...edit: just him exiting those longs was probably enough to get others to open their "shorts" by stopping out their longs...people were either forced to hedge or close longs today
  • #235,976
  • May 4, 2010 4:45pm May 4, 2010 4:45pm
first short set @ BE, 2nd short opened till 1.2920
  • #235,977
  • May 4, 2010 4:45pm May 4, 2010 4:45pm
Quoting Rgali1
Many of us know that the eur is going down to test 08 lows and go lower eventually this year however I dont feel like this is the move to so, was there really a catalst today to support a free fall...i dont think so. Just doesnt feel right.
Ask the shorts if it does not feel right....just wait until Shanghai stock exch. opens, another 150 down very possible
  • #235,978
  • May 4, 2010 4:46pm May 4, 2010 4:46pm
Quoting Rgali1
Many of us know that the eur is going down to test 08 lows and go lower eventually this year however I dont feel like this is the move to so, was there really a catalst today to support a free fall...i dont think so. Just doesnt feel right.
Look back to November...this has been in the making for awhile. catalyst was the "bail out" "china"...anything is enough now...wait til they downgrade someone else lol
  • #235,979
  • May 4, 2010 4:47pm May 4, 2010 4:47pm
next drop is coming i think ...

@proto: Yeah, I know but trending means a trend (time and back bounces)
not selling like Euro is off tomorrow.
I never seen sth. like this before on Eur/usd, no back bounce at least 50 pips or so on that crazy lost of about 270 pips in one day.
that is NOT trending, it's smashing whyever.

I think news coming up, Insider's selling, no one would sell this down so much so fast without news in the pipeline, ready to cover if news unfold and sell off's coming - my opinion.

Jack
  • #235,980
  • May 4, 2010 4:49pm May 4, 2010 4:49pm
Quoting uraceulose
His "long" was a short exit...you can call those longs when it's gator...edit: just him exiting those longs was probably enough to get others to open their "shorts" by stopping out their longs...people were either forced to hedge or close longs today
yes donnie, i know, was just kidding
hang on to your bread......unless you want toast
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