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  • #285,421
  • Aug 24, 2010 9:56am Aug 24, 2010 9:56am
Quoting gatorinla
wanna bet?
I did and won A scalper like me doesn't care about right or wrong.
  • #285,422
  • Aug 24, 2010 9:57am Aug 24, 2010 9:57am
Quoting manojsai
hope malcome is here for VSA anlysis . volume is still bullish.
have you seen his thread too? http://www.forexfactory.com/showthread.php?t=241760
  • #285,423
  • Aug 24, 2010 9:57am Aug 24, 2010 9:57am
Quoting kandarv
I was thinking the same when typing, it is correct, "the biggest economy"
Biggest... Doubtful with China besides it...
Stongest ... Undoubteldy true but its being caught up...
Debt wise... SURE US had the biggest figure in National Debt.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #285,424
  • Aug 24, 2010 9:58am Aug 24, 2010 9:58am
These kind of movements are not usually sustainable.

Seems that lately there have been short squeezes regarding important news without depending on news outcome.
Probably because euro has took some pounding in normal trading.

Waiting to see this drop where it started.
They think they are smarter than I am.
  • #285,425
  • Aug 24, 2010 9:59am Aug 24, 2010 9:59am
but i can tell you that today was easier to read than last thursday. although the move was similar (lots of short sl just triggered) difference was that last thursday i got sl and had to get in again. this time sl was high enough.

now we are going down with low vol showing that this move was not sustained.

bears are still in charge and they just got their sells at very good price. i loaded a couple but wanted to load a couple more. maybe we still have a retest on low vol so that i can load the 2nd couple of loads or maybe we just fall from here. slowly and steadly.

won't be sad if i don't load those 2 more as many other short opportunities will come.

let's see if it plays out as i am seeing it...

Quoting manojsai
hope malcome is here for VSA anlysis . volume is still bullish.
dreams do come true.
  • #285,426
  • Aug 24, 2010 10:00am Aug 24, 2010 10:00am
On my previous post I implied the importance of 2560 level. 38.2 FIBO
While it HOLDS, and i mean HOLDS, we can see 3000 levels again. Im not implying it will happen or no, its just a possibility according to fibo levels and MM.

As far as this INTRADAY trade goes,I have been a patient trader today
One of the reasons why I dont like trading EU on RANGING markets as there is a lot of false entries and signals. Fortunately enough a congestion indicator has made a job easier. Remember its always better to stay out of trade and SAVE ur money then enter and cover on false ranging market.

I havent opened any trade and I have waited for a breakout to open an entry. 2726 should cap this for now as this is not a market sentiment but a reaction to bad US fundamentals
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  • #285,427
  • Aug 24, 2010 10:03am Aug 24, 2010 10:03am
the best VSA thread. got to know what to read as there are a lot of people learning and making wrong readings but that how u learn, making mistakes.



Quoting uraceulose
have you seen his thread too? http://www.forexfactory.com/showthread.php?t=241760
dreams do come true.
  • #285,428
  • Aug 24, 2010 10:03am Aug 24, 2010 10:03am
Next important resistance level at 1.27236
  • #285,429
  • Aug 24, 2010 10:05am Aug 24, 2010 10:05am
I think your comments are not correct. deposit interest rates ??? IMO, this has nothing to do with that but with risk aversion. In any case, the reference interest rate in EZ is 1% in the US 0.25%. Are you referring to the spread between the german bunds and fed funds? ...still Euro is higher.

sisse

Quoting bguguen
.. for me No matter how Strong the Dollar is USD is still a desired currency to save money in...
specially when its long term deposit interests being so high, atleast higher than Euros...
.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #285,430
  • Aug 24, 2010 10:06am Aug 24, 2010 10:06am
Quoting Rumburak
Next important resistance level at 1.27236
This has stopped now mate I´m afraid sucked in a football staduim or 2 of traders and the price will trickle down to where it more or less was a few hours ago.
rat
  • #285,431
  • Aug 24, 2010 10:10am Aug 24, 2010 10:10am
Quoting sisse
I think your comments are not correct. deposit interest rates ??? IMO, this has nothing to do with that but with risk aversion. In any case, the reference interest rate in EZ is 1% in the US 0.25%. Are you referring to the spread between the german bunds and fed funds? ...still Euro is higher.

sisse
i probably got mixed up but what i mean is with the bad fundamentals on US and still you can see people ore confident on US than on EURO it says something...
i dont think anyone would even dare to trust EURO just yet...
remember a double dip recession in EURO could always happen if you look in Daily, Monthly and Yearly...
If EURO gets any lower... i have the feeling some of the Euro member states would leave... considering how poorly the Germans have managed the EURO..
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #285,432
  • Aug 24, 2010 10:12am Aug 24, 2010 10:12am
Quoting bguguen
i probably got mixed up but what i mean is with the bad fundamentals on US and still you can see people ore confident on US than on EURO it says something...
i dont think anyone would even dare to trust EURO just yet...
remember a double dip recession in EURO could always happen if you look in Daily, Monthly and Yearly...
If EURO gets any lower... i have the feeling some of the Euro member states would leave... considering how poorly the Germans have managed the EURO..

I´m targetting 14500 ish on the EU. It´s doomed IMO
rat
  • #285,433
  • Aug 24, 2010 10:13am Aug 24, 2010 10:13am
Quoting Rumburak
Next important resistance level at 1.27236
LOL dont think so mate.
  • #285,434
  • Aug 24, 2010 10:13am Aug 24, 2010 10:13am
Quoting Z3iz3i
These kind of movements are not usually sustainable.

Seems that lately there have been short squeezes regarding important news without depending on news outcome.
Probably because euro has took some pounding in normal trading.

Waiting to see this drop where it started.
Ya, I have got caught on this a couple of times now. At least now I know to not panic and just let it do its thing. It is getting pretty predictable with the retrace at news time thing lately.
  • #285,435
  • Aug 24, 2010 10:13am Aug 24, 2010 10:13am
Quoting EasyTrader
Attachment
Well I guess I was right this morning...

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  • #285,436
  • Aug 24, 2010 10:14am Aug 24, 2010 10:14am
I got home now. What's going on?
Long? You are the trend yet short?
  • #285,437
  • Aug 24, 2010 10:14am Aug 24, 2010 10:14am
#1 bull complete. 2698 #2 goes to 2748... i got a resistance at 2749.. but it still has to get back above 2698. 2698 will become st soft resistance. its building a bull flag. but it may turn into a bear flag if it dont get off the pot. 5m
those who can, do. those who cant, talk about those who can
  • #285,438
  • Aug 24, 2010 10:15am Aug 24, 2010 10:15am
Quoting bguguen
i probably got mixed up but what i mean is with the bad fundamentals on US and still you can see people ore confident on US than on EURO it says something...
i dont think anyone would even dare to trust EURO just yet...
remember a double dip recession in EURO could always happen if you look in Daily, Monthly and Yearly...
If EURO gets any lower... i have the feeling some of the Euro member states would leave... considering how poorly the Germans have managed the EURO..
yes, just wait until daily close.
If it close above 1,27 stop going short. otherwise, keep going down.
  • #285,439
  • Aug 24, 2010 10:15am Aug 24, 2010 10:15am
...how poorly the Germans have managed the EURO? (based on what??? why?)/ If EURO gets any lower (is still 30% higher than parity with the US) I don't quite understand where are you coming with your comments but in any case, yes i see what you mean with people will move to the dollar if short term get nasty.

Good luck with your trading.

sisse

Quoting bguguen
i probably got mixed up but what i mean is with the bad fundamentals on US and still you can see people ore confident on US than on EURO it says something...
i dont think anyone would even dare to trust EURO just yet...
remember a double dip recession in EURO could always happen if you look in Daily, Monthly and Yearly...
If EURO gets any lower... i have the feeling some of the Euro member states would leave... considering how poorly the Germans have managed the EURO..
Pending conversations? PM for a chat...I am mainly in OTM now
  • #285,440
  • Aug 24, 2010 10:22am Aug 24, 2010 10:22am
Quoting bguguen
i probably got mixed up but what i mean is with the bad fundamentals on US and still you can see people ore confident on US than on EURO it says something...
i dont think anyone would even dare to trust EURO just yet...
remember a double dip recession in EURO could always happen if you look in Daily, Monthly and Yearly...
If EURO gets any lower... i have the feeling some of the Euro member states would leave... considering how poorly the Germans have managed the EURO..
Why would they leave? A weaker euro is what all the EZ members want in order to boost their exports.
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