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  • #266,861
  • Jul 2, 2010 10:14am Jul 2, 2010 10:14am
Manipulation only happens when it goes the other way, huh?
  • #266,862
  • Jul 2, 2010 10:16am Jul 2, 2010 10:16am
Suntrader, Are you suggesting this was typical market behavior and not the result of central bank manipulation?
  • #266,863
  • Jul 2, 2010 10:17am Jul 2, 2010 10:17am
Quoting tonyo524
Ok I just looked. I'm basing my analysis more on April 11th. put a Bollinger band on your chart, and you will see my line of thinking. I will repost a previous post.

Here is my analysis of the current eu condition.
As you can see in the chart, everytime the retrace has crossed the middle bollinger band on the daily time frame, it continued until it reached the top band. We then had a few days of consolidation, and then a hard move south. From my pattern observation, once we get 3 consecutive closes above the niddle bollinger band on the...
And that is what makes this a pullback until the new hand is dealt at the break of 1.2534 and shorts should take caution.

OUT~ For real this time..........Gonna go play now.
  • #266,864
  • Jul 2, 2010 10:19am Jul 2, 2010 10:19am
Quoting SunTrader
Manipulation only happens when it goes the other way, huh?
No. In fact, I enjoy the manipulation
Not all sins are created equal
  • #266,865
  • Jul 2, 2010 10:21am Jul 2, 2010 10:21am
so the nfp go just opposit & did not emphasis much also with active trading during it . shorted at the top & near close at 2530/23 & will test one long for 2578/93 or as far as it can . Expected bull was 2553 but it failed & now perhaps bull in a failure mode for timebeing & next possible short at top 2587/93/2612 for 1.2400 & down levels still may possible weekend .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #266,866
  • Jul 2, 2010 10:21am Jul 2, 2010 10:21am
Quoting netrader06
There is that weekly resistance at 2622 that I have been posting about since the 24th of last month. The break of 2600 could be the Friday trap for those looking to jump on this move after the fact. Proceed with caution as always. 1.3000 looks good but not today. back towards pivot around 2535 would be more likely to further frustrate those that missed the big move up to begin with.
Good call, caught a nice short. Thanks for pointing out that resistance point.
  • #266,867
  • Jul 2, 2010 10:22am Jul 2, 2010 10:22am
Quoting SunTrader
Manipulation only happens when it goes the other way, huh?

Geez..I just saw that and could not help to reply. I dont think that comment was directed at me exactly but >>> No.....Manipulation is a good thing and works in both directions. Read my post. Manipulation is your freind is what I said. I am not sure if you support the thinking that manipulation does not exist or not. But if so then I guess you support that it is random. A member since 2006 you surely do not see Forex trading as gambling at the ruelette tables.
  • #266,868
  • Jul 2, 2010 10:22am Jul 2, 2010 10:22am
Quoting tonyo524
I just finish speaking to a friend of mine who is into real estate. He informed me that a developer buddy of his who has been in the process of building communities down in Mississipi and Florida have run into a snag that the media has not been reporting. He says that the Gulf coast surrounding states have halted issueing all building permits, and that the insurance companies down it the surrounding Gulf states have suspended issueing building insurance indefinitely. The reason is that there has been strong Methane coming from the oil spill, and...

No disrespect intended here for your friend, but Methane is a gas, it is physically impossible to get from the sight of the leak all the way through Florida to have any effect on building houses on solid ground. So unless the US have an unreported gasleak from a platform in Florida, I am leaning towards thinking your friend and some in the industry are fibbing trying to get some comp from BP.

Methane gas affects house building when there are gas deposits below the building site, not 1,000 miles away.
  • #266,869
  • Jul 2, 2010 10:25am Jul 2, 2010 10:25am
Quoting KumoDragon
Good call, caught a nice short. Thanks for pointing out that resistance point.

Yes....That should be it for the day. Nothing left to see here. I did not play it, but that is good that you did. Happy 4th to all that celebrate it.

  • #266,870
  • Jul 2, 2010 10:26am Jul 2, 2010 10:26am
Quoting cloggie
No disrespect intended here for your friend, but Methane is a gas, it is physically impossible to get from the sight of the leak all the way through Florida to have any effect on building houses on solid ground. So unless the US have an unreported gasleak from a platform in Florida, I am leaning towards thinking your friend and some in the industry are fibbing trying to get some comp from BP.

Methane gas affects house building when there are gas deposits below the building site, not 1,000 miles away.
I don't know jack about Methane, just relaying what I was told, and the reasons why.
edit. If so It's not just my friend, He said all new construction permits in the surrounding states have been halted. As well as new construction insurance. That would put a lot of people including state issueing agancies in on the scam.
All that is left in FF is just plain garbage. "Cloggie"
  • #266,871
  • Jul 2, 2010 10:27am Jul 2, 2010 10:27am
Quoting SunTrader
Manipulation only happens when it goes the other way, huh?
yeah right when it was going down 300 pips it s not manipulation
Andreyou
  • #266,872
  • Jul 2, 2010 10:27am Jul 2, 2010 10:27am
Considering this is a holiday weekend, and Monday is a holiday for us here in the U.S, there is a head and shoulders developing on the 1 hour.May be a good play for next week.
All that is left in FF is just plain garbage. "Cloggie"
  • #266,873
  • Jul 2, 2010 10:28am Jul 2, 2010 10:28am
Quoting tonyo524
I don't know jack about Methane, just relaying what I was told, and the reasons why.

The only effect it could have if it would build on the seabed forming a large bubble that then surfaces creatig a tidal wave, like in a bathtub when you let one go
  • #266,874
  • Jul 2, 2010 10:30am Jul 2, 2010 10:30am
Quoting cloggie
The only effect it could have if it would build on the seabed forming a large bubble that then surfaces creatig a tidal wave, like in a bathtub when you let one go
It also sucks out the oxygen out of the water and consequently kills any life form out of it.
Not all sins are created equal
  • #266,875
  • Jul 2, 2010 10:30am Jul 2, 2010 10:30am
Quoting andreypu
yeah right when it was going down 300 pips it s not manipulation

Of course markets are manipulated both ways, but lately the moves down have been supported by fundamentals. This move up doesn't really make any sense. No significant news releases that would indicate a change in sentiment, and dollar tanking while stocks and commodities tank? Doesn't make any sense to me.
  • #266,876
  • Jul 2, 2010 10:31am Jul 2, 2010 10:31am
Looks like EU may have done a weekly retrace. Just tested the tenkan-sen line on ichi charts.

What does everyone think? Possibility of shorts being much stronger next week?
Attached Image (click to enlarge)
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  • #266,877
  • Jul 2, 2010 10:32am Jul 2, 2010 10:32am
Quoting cloggie
The only effect it could have if it would build on the seabed forming a large bubble that then surfaces creatig a tidal wave, like in a bathtub when you let one go
All I can say is debating here won't help, maybe you or someone could call one of those agancies and inquire about obtaing a new construction permit. Hey Gator if you're still here,have you heard anything about this?
All that is left in FF is just plain garbage. "Cloggie"
  • #266,878
  • Jul 2, 2010 10:34am Jul 2, 2010 10:34am
Quoting cloggie
The only effect it could have if it would build on the seabed forming a large bubble that then surfaces creatig a tidal wave, like in a bathtub when you let one go
Like an earthquake in just the right spot?
Glass wood and rock doesn't crack easily, but once a crack has started, well....
  • #266,879
  • Jul 2, 2010 10:36am Jul 2, 2010 10:36am
Quoting PipVip
Like an earthquake in just the right spot?
http://www.theoildrum.com/node/6653
All that is left in FF is just plain garbage. "Cloggie"
  • #266,880
  • Jul 2, 2010 10:36am Jul 2, 2010 10:36am
Quoting Jay Walker
It also sucks out the oxygen out of the water and consequently kills any life form out of it.
Exactly, and once methane is dissolved in water it is retained by it, reducing the likelyhood of escaping into the atmosphere and making it to Florida even less. The oil spill is 40% natural gas, so methane is present, but cows on land are a greater danger to methane exposure then an underwater oil leak.

I love all these blogs and forums spouting up everywhere warning of the impending doom of Florida blowing up because of the oil leak, but there is no scientific fact to warrant it. Eyjafjallajökull dumped 100 million cubic metres of material in the athmosphere with large quantities of flouride (100 mg per kg of ash) that on ingestion is a serious carcinogen, are we going to sue the Icelanders now?
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