The weekly pinbar was broken this morning on a pretty serious spike. I'm going to be looking for a place to enter long, now. Pretty crazy that a weekly pinbar that NICE broke in a matter of about 4 hours...
Tells you something.
Silent room 2 replies
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My silent journal 4 replies
bo7a method... method for GBP/JPY 205 replies
Seeing Through the Silent Crash 4 replies
DislikedInteresting. Those of you in the group know why I am so interested in this article. Could be a sign of events to come....
http://www.bloomberg.com/apps/news?p...AlH49CDo&pos=3Ignored
DislikedThe weekly pinbar was broken this morning on a pretty serious spike. I'm going to be looking for a place to enter long, now. Pretty crazy that a weekly pinbar that NICE broke in a matter of about 4 hours...
Tells you something.Ignored
DislikedIt's only a matter of time mate
I can hear the bubble stretching from here in London. One thing for sure is that it will not look like a capitalist market collapse given the strong control the Chinese government has over things however there is no doubt people are going to get burned here. May come in the shape of capital outflow controls or swift law changes regarding foreign real estate holdings. Regardless it will be very interesting and probably sooner than most expect.
You can guarantee one thing though, the yuan will not appreciate substantially...Ignored
DislikedMy thoughts go to the people and the nature affected by this. I hope they manage to stop it somehow.
Does seem more and more like the relief wells are the only thing to do, the pressure is apparently just to powerful.Ignored
DislikedAhem maestro, I posted this nearly a week ago
Ok, I got in far too early but I'm still there.Ignored
DislikedIts still a failure of a weekly pinbar. Sure, right now there is a retrace that makes it look like another weekly pin, but its Monday. The failure is FAR more important than what a weekly bar looks like 5 days before it is going to close.
The point is that, when liquidity came back into the market (the boys in london just started trading this morning after taking monday off, too), there was a break.
IMO, I guess...Ignored
DislikedEurchf looks like it's going down but how long is it until the Swiss Central Bank have their say on things?Ignored
DislikedLol. I'm still thinking this could be a short but as Chris said EurUsd still looks bearish so it's difficult to know which way to go. Time will tell I suppose.Ignored
DislikedHi Arfer/CW,
Current daily bar looks like it will finish in line with a continuation of the current weekly trend line from the basic understanding of your methods I have picked up.
Is it right that looking to go long here against the existing daily and weekly trend is the higher risk play? That said now that the present weekly bar has shot up above the previous candle are those of you looking to enter this trade placing resting buy and sell orders either side of the price action at the moment or is the completion of this week's candle your real...Ignored
DislikedWell as Chris said the worry about getting involved in this pair at the moment is that shorting it here goes against the eurusd downtrend as these two pairs tend to move in opposite directions. Maybe eurusd is about to bounce up a bit towards the downtrend line it has been away from for a while? This would allow usdchf a pullback to 1.13 or even 1.09.
Safest way is to sit on your hands until it tells you which way it wants to go. With eurusd being in such a strong downtrend I'm thinking a pulback to one of those levels could be a good place...Ignored
DislikedI am starting to wonder whether things are just looking to range into summer and leave the headaches till September.
Here's one for you, do you guys take the summer off and exit positions or just leave in what you have open and just come back to the screen again in late August.Ignored