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  • #266,241
  • Jul 1, 2010 1:58pm Jul 1, 2010 1:58pm
keeping in mind 1.2500 & 1.2524 as big resistance of the upmove still waiting retracements to 1.2396 to 1.2349 before break them up. Anyway bull still strong in nature .
H1 tf buy set up perfection & retracement due also before next buy.
double top in lower tf also support this movement now without test 1.25 .

so short continued as before at & above as pending.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #266,242
  • Jul 1, 2010 1:59pm Jul 1, 2010 1:59pm
Quoting SkyzerFX
Alright.. Everyone still printing, no way GOLD going to go back to $1k

EUR 1.22 tomorrow, just watch..
If not tomorrow, def next week., And I have 2165 by my charts!
All that is left in FF is just plain garbage. "Cloggie"
  • #266,243
  • Jul 1, 2010 2:01pm Jul 1, 2010 2:01pm
Quoting ukdaytrader

Is today's move a pre NFP discount? Will the big players be piling the EU shorts on now we're higher? Or is it more likely retail traders will be saying this move is BS so let's all start shorting?

I have no crystal ball, but a 250+ pip rally does not get wiped out that easily whatever the NFP figure is. The whole World 'knows' the figure tomorrow will stink, so where's the surprise?
I agree, only surprise would be to the upside on NFP, but the market is in a little panic over a potential double dip. That and the US could use a weaker dollar. Any little deviance from consensus could get the herd running...
  • #266,244
  • Jul 1, 2010 2:02pm Jul 1, 2010 2:02pm
Quoting ukdaytrader
I have no crystal ball, but a 250+ pip rally does not get wiped out that easily whatever the NFP figure is.
Well, look last EU intervention on EURAUD example:
Attached Image (click to enlarge)
Click to Enlarge Name: eu_intervention_j1.jpg Size: 163 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #266,245
  • Jul 1, 2010 2:04pm Jul 1, 2010 2:04pm
3 white soldiers, bullish reversal pattern and look at this OBV hidden divergence completely ignored :/
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 92 KB
  • #266,246
  • Jul 1, 2010 2:04pm Jul 1, 2010 2:04pm
Quoting fontu
keeping in mind 1.2500 & 1.2524 as big resistance of the upmove still waiting retracements to 1.2396 to 1.2349 before break them up. Anyway bull still strong in nature .
H1 tf buy set up perfection & retracement due also before next buy.
double top in lower tf also support this movement now without test 1.25 .

so short continued as before .
fontu
Do you think it is worth start a short now? I mean what is the possible reaction from Asia after a day like this? Thanks for answer...
  • #266,247
  • Jul 1, 2010 2:07pm Jul 1, 2010 2:07pm
So everybody that's short on EU, where is your SL?

Mine has been hit once again. I opened a final one @ 1,2490 SL @ 1,2505
  • #266,248
  • Jul 1, 2010 2:07pm Jul 1, 2010 2:07pm
Quoting T@rantula
look at this OBV hidden divergence completely ignored :/
Yes, they are, because Central Banks still involved.

How this stupid EUR could be bought over AUD with 3.75% interest

rates? Absurd..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #266,249
  • Jul 1, 2010 2:10pm Jul 1, 2010 2:10pm
Quoting SkyzerFX
Yes, they are, because Central Banks still involved.

How this stupid EUR could be bought over AUD with 3.75% interest

rates? Absurd..
Lol, that's why I changed my SL from 25 pips to 50 and I'm setting my limit orders 30 pips away from where I normally would
  • #266,250
  • Jul 1, 2010 2:14pm Jul 1, 2010 2:14pm
Quoting SkyzerFX
Why? You think they will keep selling GOLD and buy EUR?

This is one day deal, but one should wait till this Balloon gets cold

up there. Back to 1.22, that's how they make billions a day

ripping off retail forex trader..
This has all the earmarks of a lot of hedge funds getting margin calls and several blowing up. Short EUR, long gold has been a trade that was in vogue. Also check oil and equities.
No, this is going to take a few days to work through the system. The short covering doesn't look done yet.
And a bad NFP may well result in the EUR moving much higher as more hedge funds have to cover to offset their stock losses.
  • #266,251
  • Jul 1, 2010 2:14pm Jul 1, 2010 2:14pm
Quoting SkyzerFX
Yes, they are, because Central Banks still involved.

How this stupid EUR could be bought over AUD with 3.75% interest

rates? Absurd..
CB deffo...technicals are completely screwed 2day. 2523 and I think ill close my long
  • #266,252
  • Jul 1, 2010 2:14pm Jul 1, 2010 2:14pm
GOLD UNDER 1200
  • #266,253
  • Jul 1, 2010 2:17pm Jul 1, 2010 2:17pm
Quoting kandarv
Almost same trade I just took. But got an earlier in @1.2448 so far in red, but I'm confident this is the top of the "false break" anyway my SL is @1.2505
Problem, that depends on time frame on which i manage my trade, sometimes i see market conditions change or alert given by the chart, i remove my SL on entry point, or close my trade, and no time to post this on FF. Just as now with EU i went short GJ at 132.56, just see that there was alert for change move direction, i closed my trade with 25 pips. Same with EU, i closed with 11 green pips and wait for 1.2500 to re-enter again.

I'm a target trader. My trading way is different than a swing trader or a scalper or day trader. When conditions are hereto go further, i keep my profits run, pyramiding and following trades which could take up to 2 days, until i get an alert. Sometimes, i cut my trades lik a scalper. It depends on the trade, on the pair and most important of all, the time i have to trade, seen i'm not a full time trader.
No Signal, No Trade. No fundamenals, No headache.
  • #266,254
  • Jul 1, 2010 2:20pm Jul 1, 2010 2:20pm
Quoting Predi
GOLD UNDER 1200
Time to load up on gold for this old geezer Jay Walker.
Not all sins are created equal
  • #266,255
  • Jul 1, 2010 2:26pm Jul 1, 2010 2:26pm
Quoting SkyzerFX
I'm guessing that you asking about that MACD?

Otherwise I attach whole MACD collection + that indy

I used to show in charts separate
thanks
those who can, do. those who cant, talk about those who can
  • #266,256
  • Jul 1, 2010 2:27pm Jul 1, 2010 2:27pm
Sure it's been in a down trend since Dec, but that inverse head and shoulders has been sitting on everyone's charts for over a week now. but don't worry, you know how it goes. Spain will be downgraded tommorrow and everything will be back to what some call normal again.
All that is left in FF is just plain garbage. "Cloggie"
  • #266,257
  • Jul 1, 2010 2:30pm Jul 1, 2010 2:30pm
Haho Guys, nobody answers , if you all short, do you think the Asian session will be good partner in it? Or will they be desperate to buy euro?
  • #266,258
  • Jul 1, 2010 2:31pm Jul 1, 2010 2:31pm
Quoting macsetta
Do you think it is worth start a short now? I mean what is the possible reaction from Asia after a day like this? Thanks for answer...
Yes , your point is logical as always I mention Asia as opportunist , when bull momentum is high it continue bull & visversa , It can try continue here to but breaking cretical levels like 1.25 & 1.2524 may be difficult difficult , even if so may be unsuccessfull , so waxing & wanning & ultimately failure to go deep for the breathing to bull next day .

I just analysing and taking trades as per technical point of views & chart .

market may or not be as per but there seems something to happen.

Actually for myself it is more cretical as I may have to keep trades /shorts overnight without taking any care if any disaster to me & sl to the most tolerance level.

Right now added buy signal in both M15 & m30 tf also & before the buy likely retracements .
market may continue ignoring all those buy set up perfection in H1 , buy signals in m15-30 tf likely to turn into failure next , any strong up followed by strong down followed by plateu, we have seen many times .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #266,259
  • Jul 1, 2010 2:36pm Jul 1, 2010 2:36pm
DA DA DA
Wounder if anyone have long term view to talk about!
Why most of you enjoy this stress with smaller TF !
  • #266,260
  • Jul 1, 2010 2:36pm Jul 1, 2010 2:36pm
Quoting gatorinla
thanks
Geez man, I step away for a few days to help the mother-in-law, and you spike the hell out of it. Ok, fine....can't blame them for not wanting to fall off the cliff just yet. Hit the trailing stop on my lowest shorts. I'll be staying out as I don't have time to monitor for the next week....but if we get up to the upper trendline, I have a pending waiting for it. Have fun guys......
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