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  • #17,741
  • Aug 19, 2010 1:27am Aug 19, 2010 1:27am
The weekly chart looks even better
But i dont have the patience, ill be shorting with you guys around 86.
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  • #17,742
  • Aug 19, 2010 1:33am Aug 19, 2010 1:33am
Quoting bad$ala
ill be shorting with you guys around 86.
Looking at the same setup. It seems though that here of late when it does breakthrough 86 it makes a nice quick but small run to the upside.
  • #17,743
  • Edited 1:42am Aug 19, 2010 1:40am | Edited 1:42am
Quoting bad$ala
The weekly chart looks even better
But i dont have the patience, ill be shorting with you guys around 86.
Attachment
Well, I'm not going to make any premeditated ideas of where and when to short...if at all. I want to see what the reaction fom the market is after the BOJ meeting, and then what the market does after the dust settles. The PA will dictate whether I go short or long....and nothing else.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,744
  • Aug 19, 2010 1:43am Aug 19, 2010 1:43am
Quoting realjumper
I want to see what the reaction fom the market is after the BOJ meeting,
That is early next week right, Monday (EST )?

Hopefully this will settle the intervention thing one way or another.
  • #17,745
  • Aug 19, 2010 1:47am Aug 19, 2010 1:47am
So far 25 pips....

I wait at least 86,20....
Steady as the beating drum,,,
  • #17,746
  • Aug 19, 2010 1:54am Aug 19, 2010 1:54am
Quoting Astroman
That is early next week right, Monday (EST )?

Hopefully this will settle the intervention thing one way or another.

http://www.forexfactory.com/news.php?do=news&id=251762
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,747
  • Aug 19, 2010 3:39am Aug 19, 2010 3:39am
is this what they call as 'random walk' ... very elusive ...

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  • #17,748
  • Edited 7:58am Aug 19, 2010 7:37am | Edited 7:58am
Quoting TheArcher
is this what they call as 'random walk' ... very elusive ...


whats so elusive about it? sell on rallies, buy at support.....whats so hard about that.

youre making it hard on yourself with all those indicators.....try throwing up a clean chart with one or two tls, pivot levels and vol(only if you understand vsa) thats all you need man.
  • #17,749
  • Aug 19, 2010 9:56am Aug 19, 2010 9:56am
Quoting mfoste1
whats so elusive about it? sell on rallies, buy at support.....whats so hard about that.

youre making it hard on yourself with all those indicators.....try throwing up a clean chart with one or two tls, pivot levels and vol(only if you understand vsa) thats all you need man.

Thank you ! Appreciate ur intention to put me on the right path ....

just how would u have known that this would have happened in six hours time and not in the opposite direction ... ?
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  • #17,750
  • Aug 19, 2010 9:58am Aug 19, 2010 9:58am
Quoting TheArcher
Thank you ! Appreciate ur intention to put me on the right path ....

just how would u have known that this would have happened in six hours time and not in the opposite direction ... ?

just follow the money......your chart is the roadmap

so tell me, what direction do you think the money is going?
  • #17,751
  • Aug 19, 2010 10:02am Aug 19, 2010 10:02am
Quoting mfoste1
just follow the money......your chart is the roadmap

so tell me, what direction do you think the money is going?
i don't know ...

the unemployment news was bad ... hence it dropped ... that's what i think .... i am thinking that it might retrace after getting sober ... this is the idea i have ... for the next few hours ..

tell me ... teach me ...how to read the roadmap
  • #17,752
  • Aug 19, 2010 10:04am Aug 19, 2010 10:04am
Quoting TheArcher
i don't know ...

the unemployment news was bad ... hence it dropped ... that's what i think .... i am thinking that it might retrace after getting sober ... this is the idea i have ... for the next few hours ..

tell me ... teach me ...

you dont know where the money is going?!

if the bars start in the top left hand corner of you screen, and end in the lower right hand corner of you screen its going down

pull up a 4h chart, which way is it going?
  • #17,753
  • Aug 19, 2010 10:11am Aug 19, 2010 10:11am
Quoting mfoste1
you dont know where the money is going?!

if the bars start in the top left hand corner of you screen, and end in the lower right hand corner of you screen its going down

pull up a 4h chart, which way is it going?

down ... ?
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  • #17,754
  • Aug 19, 2010 10:16am Aug 19, 2010 10:16am
Quoting mfoste1
so tell me, what direction do you think the money is going?
when u say money ... which money are u refering to ? abit confused on this money thing .
  • #17,755
  • Aug 19, 2010 10:16am Aug 19, 2010 10:16am
Quoting TheArcher
down ... ?

bingo!
  • #17,756
  • Aug 19, 2010 10:34am Aug 19, 2010 10:34am
Quoting mfoste1
bingo!
i don't understand ... its just one long bar down on the 4hr chart ... how do u know the next bar will also be down .... ?

below is the hourly chart with the next retrace bar .. what's next ...?
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  • #17,757
  • Aug 19, 2010 10:36am Aug 19, 2010 10:36am
Quoting TheArcher
i don't understand ... its just one long bar down ... how do u know the next bar will also be down .... ?

im not saying the next bar will be down........im saying sell on rallies.......
  • #17,758
  • Aug 19, 2010 10:43am Aug 19, 2010 10:43am
Quoting mfoste1
im not saying the next bar will be down........im saying sell on rallies.......
sell on rallies ... ? what does it mean ..?

u mean when the bar starts dropping , follow the crowd and short in the hope of catching some pips .... ?
  • #17,759
  • Aug 19, 2010 10:48am Aug 19, 2010 10:48am
Quoting TheArcher
sell on rallies ... ? what does it mean ..?

u mean when the bar starts dropping , follow the crowd and short in the hope of catching some pips .... ?

that means when there is a short covering rally, sell....

no that doesnt mean when the bar starts going down sell. That means when price spikes up to resistance levels on a 4h chart, 8h chart, daily then you sell.....

here man, you need to go and read this website

www.babypips.com
  • #17,760
  • Aug 19, 2010 10:52am Aug 19, 2010 10:52am
Questions I'm asking myself:
-Support turned resistance at 85.20ish, ST?
-If the 4 hour candle closes in a nice hammer like this, could it test the top of the range 86.3ish?
-What will Bullard's comments in 40mins be, how or will they effect this pair?

I've been building a long position this week, will be interesting to see how all this plays out, technically it looks to me like a bottom is forming, I'll feel better about it if we can close above 85.2 today
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