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  • #237,881
  • May 6, 2010 11:55am May 6, 2010 11:55am
Quoting Orbital
"We" ? You working at an investment bank / hedge Fund ? If so i could need some help with my application cover letter ^^


Heres a possible list of events that could unfold:

1) ECB calling all those Heavy Shorts and telling them they are going to intervene in order to cutthroat all those shorts
2) ECB Pulling credit lines on margin accounts
3) Greece Defaulting Partially or Compeltely which would cause a massive collapse in investor confidence
4) Positive NFP report tommorow pretty much igniting (seriously..) a sell frenzy among investors...
Well said, I agree with your list of events, but particularly 1, 3, 4, and especially 6. At the moment, EBC has been sitting on their hand about this situation and if they don't intervene sooner, option 8 will happen. But at this time the quickest thing for them to do is to slow down the damage and continue working out the back office deals. Number 6 nuclear option would probably be the way to go in slowing down the destruction of the EUR. I really doubt the US government will get "directly" involved but will continue to fund IMF while being indirectly involved in the process. Like you, I'm holding my/our shorts because as i said before this mess is far from over. Just because an EUR long presented itself, everyone believes this is a bottom of the trend turnaround. I think price as a bit more to go before a trend turn will happen. Like you, any long pricements will probably be retracements (60 pips or more maybe).

*BTW, I do own a small private forex trading company in the US and have strong ties in Frankfurt Germany, (birthplace of my company). I hardly ever tell my company's trading positions so when I speak about the market and pips I'm usually referring to my personal trading acct. I consult with other trading professionals out of New York, London, Germany and hold daily meetings with my team about the market so when I say "our" I'm usually talking about the team. You've proved to me a long time ago you knew what you where talking about ... that's why I vouched for your talent!
  • #237,882
  • May 6, 2010 11:57am May 6, 2010 11:57am
Less than 10 min to close H4 candle but going little high than need at or below 1.2707. Hope come down & close by this time ,otherwise a another 4hrs minimum play pending.Minimising longs this time to ready for a down without hedging .sorry doing so closed all longs . will do fresh from low again.
fontu

Yes the old H4 failed & new candle comes forward for the same job, short sharts now at 31 .Go to bottom this time I will take both action .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #237,883
  • May 6, 2010 12:01pm May 6, 2010 12:01pm
Well we need to take care tomorrow. I always trade USD/JPY on NFP report. Also if the risk appetite returns, I would rather stay out of trade
  • #237,884
  • May 6, 2010 12:03pm May 6, 2010 12:03pm
Moody's confirming its outlook on Italy's debt rating remains 'stable" - not under review
  • #237,885
  • May 6, 2010 12:03pm May 6, 2010 12:03pm
Quoting PriceVolume
Regardless of whether I agree with Malc's analysis or not, he always has valid observations worthy of discussion..
yeah, I'm frequently opposite him (but who knows on what TF?) but he always stretches my brain and that makes me a better trader. I'd hate to lose him buggin me and keepin me awake at nite wondering... "what if he's right?"

ak getting stretched...

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FUBAR...
  • #237,886
  • May 6, 2010 12:05pm May 6, 2010 12:05pm
Quoting ak4x

ak getting stretched...

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LOL it looks like Jigsaw from SAW
  • #237,887
  • May 6, 2010 12:10pm May 6, 2010 12:10pm
Guess the bottom of the current 1hr candle .2651
Founder of Sutherland Wave Principle
  • #237,888
  • May 6, 2010 12:13pm May 6, 2010 12:13pm
Black crows from yesterday's daily TF are confirmed, and H4 double reverse bearish divergence still in play... Looking to add shorts..
  • #237,889
  • May 6, 2010 12:13pm May 6, 2010 12:13pm
Does anyone consider EURCHF a trading opportunity right now and would be willing to share any insight?

What do you think the chances are of an intervention to go back to 1.43?
  • #237,890
  • May 6, 2010 12:13pm May 6, 2010 12:13pm
Quoting ak4x
yeah, I'm frequently opposite him (but who knows on what TF?) but he always stretches my brain and that makes me a better trader. I'd hate to lose him buggin me and keepin me awake at nite wondering... "what if he's right?"

ak getting stretched...

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Not any stretched AK ,just become more flexible ,very difficult with ages though .I like the virtue in you.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #237,891
  • May 6, 2010 12:17pm May 6, 2010 12:17pm
Still got two longs 1.3036 and 1.2819 chasing pullbacks.
lesson learnt .
  • #237,892
  • May 6, 2010 12:18pm May 6, 2010 12:18pm
Quoting Djehuti
Does anyone consider EURCHF a trading opportunity right now and would be ready to share any insight?

What do you think the chances are of an intervention to go back to 1.43?
WOW. eurchf moved today as well. That has to be the slowest pair on the market ... watching it move is like watching hair grow.

All in all, look for a short but not now but in the future.
  • #237,893
  • May 6, 2010 12:23pm May 6, 2010 12:23pm
Skyzer, regarding UJ, what happens a lot during breakouts? Shaking weaker hands that jump on a badwagon to catch a ride. Markets need liquidity, one of the ways is to make sure it is there, but MMs can't shake all the way if real intentions are bullish.
Prices oscillate, trends persist. Trend is your friend.
  • #237,894
  • May 6, 2010 12:27pm May 6, 2010 12:27pm
Quoting T@rantula
Spider system with template...I have modified some indies to suit my needs, also there are some indies which are customized by other good traders..


Use indies as u wish or get along with this system as I have. This can be a gold mine

I am willing to help so if u want to ask me, do not hesitate...

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Thanks man
  • #237,895
  • May 6, 2010 12:33pm May 6, 2010 12:33pm
Quoting uraceulose
Thanks man
Ur welcome
  • #237,896
  • May 6, 2010 12:39pm May 6, 2010 12:39pm
Quoting Jhig
WOW. eurchf moved today as well. That has to be the slowest pair on the market ... watching it move is like watching hair grow.
Must be nice to have hair.
Si vis pacem, para bellum.
  • #237,897
  • May 6, 2010 12:42pm May 6, 2010 12:42pm
Ok it's bee a fun few days and I'm about 750 pips in the bag all told, I think it's about time I got some sleep, so you guys have fun with the asians and I'll catch you all tomorrow.
I operate with clear definite rules, if I break them I lose BIG!
  • #237,898
  • May 6, 2010 12:44pm May 6, 2010 12:44pm
Anyone notice the weekly support where the parallel trendline off the top has been reached. We are in territory where the market can make quick reversals. EU still has a way to go lower, but selling into the downtrend every time it approaches the 1 hr. trendline is proving very profitable. Potential pivot low today.
  • #237,899
  • May 6, 2010 12:53pm May 6, 2010 12:53pm
Quoting T@rantula
Ur welcome
when i load up your template (thanks! ) i get the black box op the top-right which overlaps my chart? can i move it or disable it?
  • #237,900
  • May 6, 2010 12:55pm May 6, 2010 12:55pm
Quoting Icannaesee
Ok it's bee a fun few days and I'm about 750 pips in the bag all told, I think it's about time I got some sleep, so you guys have fun with the asians and I'll catch you all tomorrow.
congrats ~~
1pip = show much to u ?
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