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  • #244,501
  • May 19, 2010 8:31am May 19, 2010 8:31am
Quoting Jimz
so trend is still bearish ?
or already reversal ?
You can't talk about a trend without giving the time frame...

Market is trending up in 5 minutes but trending down in 1H right now, so what's the trend ?

If you take the most followed time frames 1H / 4H / 1D they are all still down.
Getting it right is NOT as important as not getting it wrong.
  • #244,502
  • May 19, 2010 8:31am May 19, 2010 8:31am
Quoting PriceVolume
Just woke up to all the beautiful intervention. Wow - what an opportunity. I will be looking for yet another short entry once it calms down.....
This.
  • #244,503
  • May 19, 2010 8:35am May 19, 2010 8:35am
I would suggest to people here to wait out the divergence on 4h chart and sell then.

Divergence can be ether destroyed by ranging within 1.2150 - 1.2400 or by pull back , I do now, maby around 1.2600, but you now, this pair tend to overshoot trendlines a lot these times.
  • #244,504
  • May 19, 2010 8:35am May 19, 2010 8:35am
Quoting Trading Cat

off topic, as intervention makes trading a gambling house.
No mate, u just need to follow the chart,indicators,divergence... trading naked can get u in trouble when intervention comes...I took 70 pips from this intervention... I told you...LONG above 2220...He who listened to me took a good profit
  • #244,505
  • May 19, 2010 8:37am May 19, 2010 8:37am
almost 200 pips up today from bottom...
Andreyou
  • #244,506
  • May 19, 2010 8:37am May 19, 2010 8:37am
Quoting ratman
I would suggest to people here to wait out the divergence on 4h chart and sell then.

Divergence can be ether destroyed by ranging within 1.2150 - 1.2400 or by pull back , I do now, maby around 1.2600, but you now, this pair tend to overshoot trendlines a lot these times.

JET ofcourse this divergence can be broken to the downside, BUT I belive that market sentiment tells that it wants short term corection in price (to the upside).
  • #244,507
  • May 19, 2010 8:39am May 19, 2010 8:39am
Quoting ratman
JET ofcourse this divergence can be broken to the downside, BUT I belive that market sentiment tells that it wants short term corection in price (to the upside).
Which sort and type of divergence are u reffering to?
  • #244,508
  • May 19, 2010 8:39am May 19, 2010 8:39am
Quoting T@rantula
No mate, u just need to follow the chart,indicators,divergence... trading naked can get u in trouble when intervention comes...I took 70 pips from this intervention... I told you...LONG above 2220...He who listened to me took a good profit
guess i was late for that..

i'll listen when u have more!
  • #244,509
  • May 19, 2010 8:43am May 19, 2010 8:43am
Watch out for this shorts
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Founder of Sutherland Wave Principle
  • #244,510
  • May 19, 2010 8:44am May 19, 2010 8:44am
Quoting podrilla
guess i was late for that..

i'll listen when u have more!
We r now in BULLISH consolidation phase..Early in the morning we were in NEUTRAL consolidation phase...that was 2160-2220. Now we r between 2215-2325..long above 2325..possible target 2399..still watch out and close it manually
  • #244,511
  • May 19, 2010 8:44am May 19, 2010 8:44am
Quoting fxswing
You can't talk about a trend without giving the time frame...

Market is trending up in 5 minutes but trending down in 1H right now, so what's the trend ?

If you take the most followed time frames 1H / 4H / 1D they are all still down.
i know...i have a hedge position from 2 days ago...
short @2282
long @2339
i already missed alots of moment which i supposed to clear the position since yesterday and taking profit...but i still hold my hedge...dunno i must cut or hold
my equity left $555.- and it can't resist to open an hedge.
  • #244,512
  • May 19, 2010 8:45am May 19, 2010 8:45am
Quoting suthmo
Watch out for this shorts
wow which system you are using??i am surprise over 2 weeks watching your forecast but still surprise which system you are using to predict market hehe

Ub
  • #244,513
  • May 19, 2010 8:46am May 19, 2010 8:46am
Looking for 2365 area to short at 23.6 fibo from 3095. Yesterday price tested the same fibo level (from previous low obviously) and went down from there. Also 100MA on H1 chart could give us further resistance together with R1. All if we brake red trendline. 15 minutes for hourly candle to end. Next hour will lead the way IMHO. Patience my friends.
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  • #244,514
  • May 19, 2010 8:46am May 19, 2010 8:46am
Quoting T@rantula
Which sort and type of divergence are u reffering to?
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how do you call this kind of divergence ?
  • #244,515
  • May 19, 2010 8:49am May 19, 2010 8:49am
61,8 - can't beat this one...
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  • #244,516
  • May 19, 2010 8:55am May 19, 2010 8:55am
Quoting ratman
Attachment


how do you call this kind of divergence ?
yea its classic MACD bullish divergence..still i got hidden divergence from On Balance Volume...possibly from CB intervention
  • #244,517
  • Edited 9:00am May 19, 2010 8:57am | Edited 9:00am
Quoting ratman
Attachment


how do you call this kind of divergence ?
It's called regular divergence and indicates trend reversal. Lower lows for pirce and higher low for the oscilator. Let's see...

Also check out in your chart, you had the same divergence and it was only a short term correction of 200 pips...so we would have 30 more to go if the patterns repeats...
  • #244,518
  • May 19, 2010 8:58am May 19, 2010 8:58am
Quoting T@rantula
We r now in BULLISH consolidation phase..
Market turns RED, let's see..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #244,519
  • May 19, 2010 8:59am May 19, 2010 8:59am
OK guys i found the attached re the volatility.

Its a chapter from the book Forecasting Volatility in the Financial Markets

Might help somebody.

In my humble opinion what we have seen was just central banking intervention or hedge fund closing a previous short position

Regards
Attached File(s)
File Type: pdf The Interaction Between The Frequency Of Market Quotes Spread And Volatility In Forex.pdf   304 KB | 408 downloads
  • #244,520
  • May 19, 2010 9:00am May 19, 2010 9:00am
Quoting SkyzerFX
Market turns RED, let's see..
Be careful..above 2325...we may shoot up again..Still i want to see the close of this candle.. No adx cross yet, and London is opened 1 more hour.. I will prolly wait for US alone..
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