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Nearly Naked (Simple Trades)

  • #7,621
  • Aug 12, 2010 6:34pm Aug 12, 2010 6:34pm
Quoting kuroro001
8850 is my target for au, i hope we go there soon, but it seems to be bid at the moment, better wait for london to see some action
Yep. Sounds like there are a lot of people looking at that area. ATM the stochs across most TF's are now overbought. 8850 might just be in the cards for London session.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,622
  • Aug 12, 2010 6:53pm Aug 12, 2010 6:53pm
Quoting MarcVUM
Yep. Sounds like there are a lot of people looking at that area. ATM the stochs across most TF's are now overbought. 8850 might just be in the cards for London session.
Yeh and it's really downside oriented right now, swing is making lower lows and lower highs for the moment.
Only london will show us the right path. What is scaring me is that most of people are seeing a rise in most usd pairs, a usd sell off...i just hope they are wrong
COT: The precious data ignored
  • #7,623
  • Edited 7:42pm Aug 12, 2010 7:30pm | Edited 7:42pm
I simply love to keep it simple and tidy. Hi good morning all piplovers!
Currently GBPUSD is at a 'CONFUSION' stage. From a dominant uptrend, price dipped and made a correction and now perfectly resting on my 25MA support on Daily chart. Breaking support will trigger more 'FEAR' in the market and will pull price lower to 50% Fibo at weekly. On the other hand, at current level, price has a potential to continue it's dominant trend upwards. A nice bounce is anticipated but only a proper trading set up is needed today. I will be cautious as price is obviously at a junction.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 13082010 gbpusd part2.gif Size: 30 KB
  • #7,624
  • Aug 12, 2010 9:51pm Aug 12, 2010 9:51pm
I hate idiotic drama and people who say there gonna do someting and dont do it.
Annoying Precision
  • #7,625
  • Aug 12, 2010 10:07pm Aug 12, 2010 10:07pm
Quoting erikte279
I hate idiotic drama and people who say there gonna do someting and dont do it.
Out of curiousity, to what are you referring?
  • #7,626
  • Aug 12, 2010 10:11pm Aug 12, 2010 10:11pm
I'm sorry, just venting.

I"m dealing with a friend whom I put into a rental house that my mother owns because he's a carpenter and I vouched for him. I said he would work for rent and he hasnt fufilled his obligation and has nothing but BS excuses.

Quoting Low
Out of curiousity, to what are you referring?
Annoying Precision
  • #7,627
  • Aug 12, 2010 10:15pm Aug 12, 2010 10:15pm
Quoting erikte279
I'm sorry, just venting.

I"m dealing with a friend whom I put into a rental house that my mother owns because he's a carpenter and I vouched for him. I said he would work for rent and he hasnt fufilled his obligation and has nothing but BS excuses.
That completely sucks. You help a brother out and they pay you back with empty promises and excuses.

Time for him to find somebody else to lie to.
  • #7,628
  • Aug 12, 2010 10:24pm Aug 12, 2010 10:24pm
That and I've gotta prod and question him. I SHOULDNT have to do that, he should take the initiative to complete his own tasks (we dont ask that much).

Moral of the story is that I've got to bring the razors edge.

Quoting Low
That completely sucks. You help a brother out and they pay you back with empty promises and excuses.

Time for him to find somebody else to lie to.
Annoying Precision
  • #7,629
  • Aug 12, 2010 10:36pm Aug 12, 2010 10:36pm
Hi Guys

Might be worth keeping an eye on!!

Happy pip hunting

Kiwi
Attached Image (click to enlarge)
Click to Enlarge Name: GBP NZD 4H.gif Size: 17 KB
If you are new to Forex? Say Goodbye to your account!!
  • #7,630
  • Aug 12, 2010 11:03pm Aug 12, 2010 11:03pm
This is quite a familiar situation we are in or rather I should be speaking for myself.

All the USD bloc pairs are anticipated to reverse and when you jump in only to be trapped and stopped out.

I guess its the fear in me.

Still long on U/J, will see if this rebound can break out will materialized and turn into a new trend?

http://i34.tinypic.com/sn1e8m.jpg
May the pip flow with you
  • #7,631
  • Aug 13, 2010 12:18am Aug 13, 2010 12:18am
G'Day Marc

Do you see divergence on the 15m A/U?
  • #7,632
  • Aug 13, 2010 1:40am Aug 13, 2010 1:40am
Quoting nick7r
G'Day Marc

Do you see divergence on the 15m A/U?
Oh yes, there was. Did you take it?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,633
  • Aug 13, 2010 1:51am Aug 13, 2010 1:51am
yes

only a few pips.
  • #7,634
  • Aug 13, 2010 2:02am Aug 13, 2010 2:02am
Did I not get what I was looking for? #7600
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 159 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,635
  • Aug 13, 2010 2:12am Aug 13, 2010 2:12am
Quoting MarcVUM
Did I not get what I was looking for? #7600
Sorry, I was entering my trade and trying to post at the same time... now that I'm in I was able to show on my chart what I meant... look at the candle I was looking for up against the yellow 21ema on H4. Sweet!

8:30am est CPI and Retail Sales figures are probably going to be bad! The U.S. economy is in the dumps big time and the govt is trying to hide it with propaganda!!!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 159 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,636
  • Aug 13, 2010 2:30am Aug 13, 2010 2:30am
Quoting MarcVUM
8:30am est CPI and Retail Sales figures are probably going to be bad! The U.S. economy is in the dumps big time and the govt is trying to hide it with propaganda!!!
Don't forget that today is: Freaky Friday but also Friday the 13th!! I don't know how the rest of the world is about "Friday the 13th" but in the U.S. that is a really really bad luck day! To top it off it is almost a New Moon.
http://smileys.smileycentral.com/cat/4/4_6_200v.gif
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,637
  • Aug 13, 2010 2:32am Aug 13, 2010 2:32am
Quoting MarcVUM
Don't forget that today is: Freaky Friday but also Friday the 13th!! I don't know how the rest of the world is about "Friday the 13th" but in the U.S. that is a really really bad luck day! To top it off it is almost a New Moon.
http://smileys.smileycentral.com/cat/4/4_6_200v.gif

Dow Futures went from +66 to +13 in 30 minutes when 5am est hit.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,638
  • Aug 13, 2010 2:51am Aug 13, 2010 2:51am
Quoting MarcVUM
Dow Futures went from +66 to +13 in 30 minutes when 5am est hit.
anybody knows why... ?
  • #7,639
  • Aug 13, 2010 2:58am Aug 13, 2010 2:58am
Quoting gico
anybody knows why... ?
Looks to be purely technical as in S/R; MA and candle formations because if you look at the fundamentals when it occurred...EUR had just released good GDP and Trade Balance numbers.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,640
  • Aug 13, 2010 3:21am Aug 13, 2010 3:21am
Quoting MarcVUM
Dow Futures went from +66 to +13 in 30 minutes when 5am est hit.
-25 on the futures! Ohh boy!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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