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  • #240,581
  • May 11, 2010 6:09pm May 11, 2010 6:09pm
Quoting T@rantula
That was a spike at Tokyo opening. Dips buying
Tokyo open?

I usually dont trade at this time. May be I have the time screwed up.
  • #240,582
  • May 11, 2010 6:10pm May 11, 2010 6:10pm
Quoting clambill
Can you people imagine the shock if we'd have the same thing that happened last Thursday in the stock market happen on the euro? A massive spikedown would have everyone crapping.

I'm wondering am i the only one who thinks Euro will go up at least next 24 hours
  • #240,583
  • May 11, 2010 6:12pm May 11, 2010 6:12pm
Quoting neo1599
Tokyo open?
15 mins ago
  • #240,584
  • May 11, 2010 6:13pm May 11, 2010 6:13pm
Quoting T@rantula
That was a spike at Tokyo opening. Dips buying
Isn't there about 50 mins to go till Tokyo opens?
big numbers are our friends...
  • #240,585
  • May 11, 2010 6:13pm May 11, 2010 6:13pm
Quoting grandpost
I'm wondering am i the only one who thinks Euro will go up at least next 24 hours
Why would that be the case? Trend on all TF's down unless I am missing something.
  • #240,586
  • May 11, 2010 6:13pm May 11, 2010 6:13pm
Quoting grandpost
I'm wondering am i the only one who thinks Euro will go up at least next 24 hours
I dont think, I trade what i see
  • #240,587
  • May 11, 2010 6:14pm May 11, 2010 6:14pm
Quoting deeZG
Isn't there about 50 mins to go till Tokyo opens?
http://www.forexmarkethours.com/
  • #240,588
  • May 11, 2010 6:15pm May 11, 2010 6:15pm
Quoting PipLand
you are wise to be sceptical. Think DOT COm bubble and many many more, some examples;

Cable at 1.35 was apparently going straight to Parity.
Oil over $145 was "destined" for $200.
E/U in 2008 was heading straight for parity.

It certainly rings alarm bells with me when everyone is long or short
Well, the weakness of momentum oscillators like the RSI and slow stochastics and sentiment indicators like put/call ratios is they can keep on giving you "extreme" readings for long periods of time while a price is moving in the same direction.

I think you'd need a real catalyst, in other words, something concrete from Europe like: "OK, we'll let Greece default on their debt".
  • #240,589
  • May 11, 2010 6:16pm May 11, 2010 6:16pm
I recon this gonna run till 2680 or 2700 in the next two hours I cant pinpoint it. Asia UK and US is gonna be a massive drop down to 2300's Just a highly possible scenario from my experimental probability matrix
Founder of Sutherland Wave Principle
  • #240,590
  • May 11, 2010 6:18pm May 11, 2010 6:18pm
Quoting T@rantula
http://www.forexmarkethours.com/
Yes, saw that link and compared to forexfactory.com main page. Someone is wrong then.

Thanks for the link anyway.
big numbers are our friends...
  • #240,591
  • May 11, 2010 6:18pm May 11, 2010 6:18pm
Quoting T@rantula
http://www.forexmarkethours.com/
DST implemented in EST not in Tokyo.

I think thats what is confusing. I think it opens in about 40 minutes.
  • #240,592
  • May 11, 2010 6:20pm May 11, 2010 6:20pm
Quoting gatorinla
typo sky,,2405=2504
Thanks, just find out, no trades for me... Transferring account to

ECM broker. No problem maybe will go long at 1.24 or so by then,

even better
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #240,593
  • May 11, 2010 6:20pm May 11, 2010 6:20pm
Quoting neo1599
DST implemented in EST not in Tokyo.

I think thats what is confusing. I think it opens in about 40 minutes.
I think they havent implemented DST on their charts. If they have then in 40 mins.
  • #240,594
  • May 11, 2010 6:21pm May 11, 2010 6:21pm
Quoting SkyzerFX
Thanks, just find out, no trades for me... Transferring account to

ECM broker. No problem maybe will go long at 1.24 or so by then,

even better
which broker sky?
  • #240,595
  • May 11, 2010 6:23pm May 11, 2010 6:23pm
Quoting clambill
Well, the weakness of momentum oscillators like the RSI and slow stochastics and sentiment indicators like put/call ratios is they can keep on giving you "extreme" readings for long periods of time while a price is moving in the same direction.

I think you'd need a real catalyst, in other words, something concrete from Europe like: "OK, we'll let Greece default on their debt".
I make you right a catalyst is whats needed to move this up and force a large number of shorts to close, could be something simpler though such as a steady improvement in optimism or clearer details of their plan, although very hard to imagine at the moment it always is until it happens! Good Luck
  • #240,596
  • May 11, 2010 6:24pm May 11, 2010 6:24pm
Quoting deeZG
Yes, saw that link and compared to forexfactory.com main page. Someone is wrong then.

Thanks for the link anyway.
NO worries, trend consolidation usually starts in late Asia 1-2 hours before London. U can spot some good intraday entries then which can be valid full 6 hours
  • #240,597
  • May 11, 2010 6:25pm May 11, 2010 6:25pm
Quoting T@rantula
http://www.forexmarkethours.com/

weird...http://www.2010.worldmarkethours.com/Stock/index.htm
  • #240,598
  • May 11, 2010 6:27pm May 11, 2010 6:27pm
Quoting T@rantula
That was a spike at Tokyo opening. Dips buying
yup...i love it how we do a baby retrace and people start calling longs..come on guys!
Former Trader Of the Year of the 95% losing club! Retired
  • #240,599
  • May 11, 2010 6:28pm May 11, 2010 6:28pm
Quoting T@rantula
NO worries, trend consolidation usually starts in late Asia 1-2 hours before London. U can spot some good intraday entries then which can be valid full 6 hours


Well, that's something that I usually do. In fact, I did my best trades that way.
big numbers are our friends...
  • #240,600
  • May 11, 2010 6:28pm May 11, 2010 6:28pm
Quoting uraceulose
weird...http://www.2010.worldmarkethours.com/Stock/index.htm
Yes I can see that. It makes sense only if DST has already been implemented in Tokyo.
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