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  • #248,161
  • May 26, 2010 1:59pm May 26, 2010 1:59pm
I don't think any intervention would take place at least before a new low...
So maybe thinking of going long won't be a good idea until price reaches a significant level like 1.2415, Plus we have a nice bounce from kumo lately and it might continue going down to 61.8 extension (of 1.3094 to 1.2157 from 1.2672) at 1.2080 first then to reach 1.2.
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  • #248,162
  • May 26, 2010 1:59pm May 26, 2010 1:59pm
Quoting SkyzerFX
I can feel that soon we will notice huge push up more likely

by coordinate intervention again. Reason? Nobody will allow EUR to

just drop to 1.10.. Many banks targets are 1.15-1.17 (End of the Year) and we are only

500 pips away (In the middle of the Year).. They will push it up huge, before let go again to

delay rapid declining.....
You need to trade the market moves, not your view. timing is important, more so than price.
  • #248,163
  • Edited 2:27pm May 26, 2010 2:00pm | Edited 2:27pm
Quoting SkyzerFX
DOW trying to go down slowly..
whats the magic number on s/p i think 1068... we are at 1077 atm
those who can, do. those who cant, talk about those who can
  • #248,164
  • May 26, 2010 2:01pm May 26, 2010 2:01pm
Quoting gatorinla
whats the magic number on s/p i think 1086... we are at 1077 atm
10,000 and the "flash crash" low should hold some precedence if we manage to CLOSE below
  • #248,165
  • May 26, 2010 2:02pm May 26, 2010 2:02pm
i think Eu is bouncing off from sp at 1.2180
the sp region is 4o pips from 2140-2180
and may mov up ward
seems nice bounce of 15 M TF (two nice Doji hammers at the base after considerable trend)

See what happens next
  • #248,166
  • May 26, 2010 2:03pm May 26, 2010 2:03pm
Quoting Atlast
You need to trade the market moves
Very smart.

Alright, then tell me what would be the price in 1 hour, I'll buy/short

10 lots..

Thanks.
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  • #248,167
  • May 26, 2010 2:06pm May 26, 2010 2:06pm
Quoting uraceulose
10,000 and the "flash crash" low should hold some precedence if we manage to CLOSE below
well we got 2 things going for longer term shorts. gietner is in Europe teaching them how to run a press. also china may cash out of euros and stop buying European bonds. .5 could be in the picture.. if china dumps euros..

turning on the presses will force china...

can Europe fix this overnight? nope... will others hold euros as it drops while they fix it? nope!!!

it will take years and euro is on life support.. if china dumps... will Germany keep holding the bag as Germany's standard of living shrinks.
IF it will be hyper-speed decline.
those who can, do. those who cant, talk about those who can
  • #248,168
  • May 26, 2010 2:09pm May 26, 2010 2:09pm
The longs here sure are tenacious, would've thought that last H1 candle would send them running for cover in droves.
  • #248,169
  • May 26, 2010 2:09pm May 26, 2010 2:09pm
I don't think china has such a short term vision on european bonds
  • #248,170
  • May 26, 2010 2:09pm May 26, 2010 2:09pm
Quoting SkyzerFX
Very smart.

Alright, then tell me what would be the price in 1 hour, I'll buy/short

10 lots..

Thanks.
we are in a high probabilty time zone to buy IF the market makes a support, buy in this hour when you get a reversal bar and trail 3 bar low for first bar, then 1 bar low, and there's your profit.
  • #248,171
  • May 26, 2010 2:11pm May 26, 2010 2:11pm
Quoting Atlast
we are in a high probabilty time zone to buy IF the market makes a support, buy in this hour when you get a reversal bar and trail 3 bar low for first bar, then 1 bar low, and there's your profit.
Do you mean 1 bar then 3 bar?
  • #248,172
  • May 26, 2010 2:14pm May 26, 2010 2:14pm
Quoting minosd
I don't think china has such a short term vision on european bonds
it don't matter what you or i think.. no fool is gonna hold something losing value.. then again.. maybe a fool will..
those who can, do. those who cant, talk about those who can
  • #248,173
  • May 26, 2010 2:16pm May 26, 2010 2:16pm
Quoting minosd
I don't think china has such a short term vision on european bonds
Well doesnt that depend strictly on the length of the maturity in question?
  • #248,174
  • May 26, 2010 2:17pm May 26, 2010 2:17pm
Quoting o0freaky0o
I don't think any intervention would take place at least before a new low...
So maybe thinking of going long won't be a good idea until price reaches a significant level like 1.2415, Plus we have a nice bounce from kumo lately and it might continue going down to 61.8 extension (of 1.3094 to 1.2157 from 1.2672) at 1.2080 first then to reach 1.2.
so you think ez will print more money to intervene? if your trading your heart your in the wrong business trade your chart.. high left low right says we go lower..

keep in mind china and myself are talking long term.. 400/500 spikes north are just part of it.. they are not unforeseen or not unexpected. they dont change the trend..
those who can, do. those who cant, talk about those who can
  • #248,175
  • May 26, 2010 2:18pm May 26, 2010 2:18pm
Quoting Ted1983
Do you mean 1 bar then 3 bar?
yes, if you're trading 1 hr, since it will be a low, but i key off 3 min which will allow some bars
  • #248,176
  • May 26, 2010 2:19pm May 26, 2010 2:19pm
Quoting Atlast
yes, if you're trading 1 hr, but i key off 3 min.
can u pls elabrote it in detail
  • #248,177
  • May 26, 2010 2:23pm May 26, 2010 2:23pm
Quoting tech niche
can u pls elabrote it in detail
+1

any chart for example? (easier to see and understand)

Thanks
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #248,178
  • May 26, 2010 2:26pm May 26, 2010 2:26pm
s/p dow dropping fast!!
those who can, do. those who cant, talk about those who can
  • #248,179
  • May 26, 2010 2:28pm May 26, 2010 2:28pm
Quoting gatorinla
s/p dow dropping fast!!
damn. it was expected though. with the euro going lower it was only a matter of time.
  • #248,180
  • May 26, 2010 2:28pm May 26, 2010 2:28pm
Quoting gatorinla
s/p dow dropping fast!!
Glad before I just fire up hedge..
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