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  • #280,601
  • Aug 11, 2010 4:19pm Aug 11, 2010 4:19pm
After hours mayhem...
  • #280,602
  • Aug 11, 2010 4:21pm Aug 11, 2010 4:21pm
Quoting sidhujag
After hours mayhem...
Earnings reports? Closing of spooked positions? I heard some rumors of some political trouble with the Aussie mining tax propositions, but I doubt that's powerful enough to cause such pain
Some sort of terrorist attack?
  • #280,603
  • Aug 11, 2010 4:27pm Aug 11, 2010 4:27pm
Quoting Masrim
Earnings reports? Closing of spooked positions? I heard some rumors of some political trouble with the Aussie mining tax propositions, but I doubt that's powerful enough to cause such pain
Some sort of terrorist attack?
@23:09:40 met the e/u lost 20 pips in 10 sec - the stock future lost there also nearly a half percent...

reason: unknown - the only news that I could found is that Cisco's profit jumped and the share is now loosing 7%
http://www.marketwatch.com/column/af...dist=afterbell
Pecunia non olet
  • #280,604
  • Aug 11, 2010 4:27pm Aug 11, 2010 4:27pm
Quoting Masrim
Hello guys, what the **** just happened?
Low liquidity will not be a bull's friend, when they've been selling for the past 24hrs. I don't know EURUSD's history intimately, but GBPJPY has tumbled 300 pips over 45 minutes during this particular time - happened back on US Thanksgiving 2009.

Looking at a web service that provides minute by minute updates, there appears to be systemic selling at this strange hour. Sounds inidiciative of 1) more equity decreases 2) profit taking worries on the (silly) recent week's runup on EU, GU & others. Usually means the big boys don't want to be holding it here, and are expecting lower prices.

If EURUSD does start to move past this last current support areas of 1.283x, it will be in 30-50 pip spurts.
  • #280,605
  • Aug 11, 2010 4:28pm Aug 11, 2010 4:28pm
Quoting Purple
Eur/Jpy is technically damaged by yesterdays low close with good volumes, it could slip to 106 area by the end of this week if momentum builds in on Wednesday candle.
And the momentum today is confirmed, Euro has broken the RSI rule, there are no buyers in market, we can see 106 in Eur/Jpy very soon by Friday. Euro can hit 124.60 area by mid-week, next week.
  • #280,606
  • Aug 11, 2010 4:29pm Aug 11, 2010 4:29pm
that guy was right

http://www.bloomberg.com/news/2010-0...ylor-says.htmlhtml
  • #280,607
  • Aug 11, 2010 4:30pm Aug 11, 2010 4:30pm
Quoting gatorinla
each one is a progression of the last. we have enough already for 700 pip move. i did the bull side and he looks doa atm.. the best i got is 100 pip possible atm. 2890 mld for 2918 sos. thats flag building.. anyway here...
#1 2918
#2 29494
im embarrassed to post more.

edit: 2918 may be a new pivot soon
went to eat, just saw this. thank you sir
  • #280,608
  • Aug 11, 2010 4:30pm Aug 11, 2010 4:30pm
hey sky...
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those who can, do. those who cant, talk about those who can
  • #280,609
  • Aug 11, 2010 4:31pm Aug 11, 2010 4:31pm
LOLOLOL
  • #280,610
  • Aug 11, 2010 4:31pm Aug 11, 2010 4:31pm
All good news about economic recovery is a big scam.

"U.S. stocks dropped the most in three weeks as equities retreated from Tokyo to Moscow and London amid speculation the Federal Reserve’s stimulus plan indicates the economic recovery is in jeopardy." BLOOMBERG, Today

It means EU is not in a better shape either. As I said before there is a big stink coming from Greece, Portugal, Spain and Italy. Another downgrade? Probably mid of September, and then who knows another bottom.
  • #280,611
  • Aug 11, 2010 4:32pm Aug 11, 2010 4:32pm
Quoting Purple
And the momentum today is confirmed, Euro has broken the RSI rule, there are no buyers in market, we can see 106 in Eur/Jpy very soon by Friday. Euro can hit 124.60 area by mid-week, next week.
why not tonight?
those who can, do. those who cant, talk about those who can
  • #280,612
  • Aug 11, 2010 4:32pm Aug 11, 2010 4:32pm
Quoting wm-eu
@23:09:40 met the e/u lost 20 pips in 10 sec - the stock future lost there also nearly a half percent...

reason: unknown - the only news that I could found is that Cisco's profit jumped and the share is now loosing 7%
http://www.marketwatch.com/column/af...dist=afterbell
Yes I partly see how this can be explained with low liquidity and btw Cisco reported way earlier. This latest drop looks really interesting to me.
The Nikkei will be energetic today I think.
  • #280,613
  • Aug 11, 2010 4:35pm Aug 11, 2010 4:35pm
i ended up w/250 pips today on this pair..350 pip day though...GJ was 260 today.
  • #280,614
  • Aug 11, 2010 4:36pm Aug 11, 2010 4:36pm
Quoting gatorinla
why not tonight?
It could lol, maybe by this Friday.

I am looking at the mid point of last months candle to act as a support or at least a consolidation area/a temp halt their for a day or three.
  • #280,615
  • Aug 11, 2010 4:37pm Aug 11, 2010 4:37pm
Quoting Masrim
Yes I partly see how this can be explained with low liquidity and btw Cisco reported way earlier. This latest drop looks really interesting to me.
yeah, u r right - cisco reported an hour prior... - so they caused only the first 0.5% drop of the stocks

unfortunately i have no more free liquidity on my trading acc. - i'm pretty sure that suchs drops will bought up fastly
Pecunia non olet
  • #280,616
  • Aug 11, 2010 4:40pm Aug 11, 2010 4:40pm
Quoting uraceulose
i ended up w/250 pips today on this pair..350 pip day though...GJ was 260 today.
are you using TIB with GY?
  • #280,617
  • Aug 11, 2010 4:44pm Aug 11, 2010 4:44pm
Quoting Jack Herer
are you using TIB with GY?
yeah most of the time. i watch it on 30M though and then enter on 15...i should have been more clear though on that last post, i meant GJ was 260 pips today and EU was 350...but I only made 250 pips profit on EU and didn't even trade GJ..it ended up being a good decision because of the movement on EU. GJ had some great TIB trades later on in the day though...
  • #280,618
  • Aug 11, 2010 4:47pm Aug 11, 2010 4:47pm
Quoting uraceulose
yeah most of the time. i watch it on 30M though and then enter on 15...i should have been more clear though on that last post, i meant GJ was 260 pips today and EU was 350...but I only made 250 pips profit on EU and didn't even trade GJ..it ended up being a good decision because of the movement on EU. GJ had some great TIB trades later on in the day though...
got it.

what's your usual stop on GY?
  • #280,619
  • Aug 11, 2010 4:51pm Aug 11, 2010 4:51pm
anyone know a good cure for heartburn?
  • #280,620
  • Aug 11, 2010 4:52pm Aug 11, 2010 4:52pm
H4 200MA is near. Closed 2 sell orders out of 3.
113+105= 218pips
Position was: 2948, 2940, 2918

Now 2918 sell order = SL to BE

I think bear won't stop here. Everything supporting bear except economic data.
You cannot learn better without losing
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