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  • #287,601
  • Aug 31, 2010 1:13pm Aug 31, 2010 1:13pm
Quoting egkid
Hello All
How do u read the market guys?
A fight between Muhammed Ali and Mike Tyson
  • #287,602
  • Aug 31, 2010 1:18pm Aug 31, 2010 1:18pm
Quoting T@rantula
Its over. Read it.


http://www.forexfactory.com/news.php?do=news&id=253771
Thanks kandarv and T@rantula for the great help.

But why there is no reaction to market.

Maximum members voted to keep the interest rate at 0.25, EU should increase I think.
In forex, one currency is always up!
  • #287,603
  • Aug 31, 2010 1:19pm Aug 31, 2010 1:19pm
Quoting kidspips
Thanks kandarv and T@rantula for the great help.

But why there is no reaction to market.

Maximum members voted to keep the interest rate at 0.25, EU should increase I think.
That has already been priced in
  • #287,604
  • Aug 31, 2010 1:28pm Aug 31, 2010 1:28pm
Quoting gatorinla
only if conception fibs allow it. we could bounce many times off them. we are bouncing from one to the other. we are in the second biggest area that the eu has as a mofu. and the outer edge of the biggest. a compass does not work here.
Hi Gator. I'm a new trader, trying to learn. I find your posts very useful in that regard. Thanks for sharing. Now, one question. Could you please elaborate a little on what you call "conception fibs"?
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #287,605
  • Aug 31, 2010 1:36pm Aug 31, 2010 1:36pm
Dear gator,

I am a newbie fresh out of babypips.com and I just want to thank you for all you do.

Also, I just got some new underwear - isn't there supposed to be a hole in front for your lizard to come to drink? When did they stop putting that there? What am I supposed to do here? Anyway, thanks again.

Sorry for my english.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #287,606
  • Aug 31, 2010 1:37pm Aug 31, 2010 1:37pm
Quoting kidspips
Thanks kandarv and T@rantula for the great help.

But why there is no reaction to market.

Maximum members voted to keep the interest rate at 0.25, EU should increase I think.
Because Bernanke didn't talk about QE, and the FOMC was quiet no new found ground breaking info.
  • #287,607
  • Aug 31, 2010 1:38pm Aug 31, 2010 1:38pm
open at CB Consumer Confidence at 2723 and changing TP from 2680 to 2670
  • #287,608
  • Aug 31, 2010 1:39pm Aug 31, 2010 1:39pm
Us equities turned around Dow might close under 10k today
  • #287,609
  • Aug 31, 2010 1:42pm Aug 31, 2010 1:42pm


Quoting The Fool
Dear gator,

I am a newbie fresh out of babypips.com and I just want to thank you for all you do.

Also, I just got some new underwear - isn't there supposed to be a hole in front for your lizard to come to drink? When did they stop putting that there? What am I supposed to do here? Anyway, thanks again.

Sorry for my english.
  • #287,610
  • Aug 31, 2010 1:43pm Aug 31, 2010 1:43pm
i got a predictive on chf.. at 1.01189 the current low is 1.01357.. current low is 16.8 pips away from predictive. add in some slip and we got a tl 55.4 pips away from predictive. i suspect we are close to a bounce once we hit 1.01189 plus slip maybe to tl 1.00635 ish.. currently we are 1.0170 ish. so after 100 pip drop on chf then bounce, the eu should drop .. personally i expect usdx above 1.00/1.20.. that puts eu easily at 0.8580.. this gives chf a bottom and eu a top. when this is done. id pay attention.. the trick is we may have already hit the bottom. i dont think we have yet.
Attached Image (click to enlarge)
Click to Enlarge Name: gator.PNG Size: 31 KB
those who can, do. those who cant, talk about those who can
  • #287,611
  • Edited 11:38pm Aug 31, 2010 1:44pm | Edited 11:38pm
Quoting egkid
Hello All
How do u read the market guys?
Quoting egkid
Hello All
How do u read the market guys?
That's a pretty general question, but I'll answer it anyway. I look for areas of support and resistance, market patterns (flags, pennants, H&S), Price action (pins, outside/outside bars. I know it sounds like one of those general typical answers but that about sums up my trading. I trade 20+ pairs, 4 hour chart mainly. Get about 1-3 trades day. I'll attach a few charts to show you what I mean. Made a couple of videos too about how I trade, live examples, setups and so on...

Inserted Video


Inserted Video


Inserted Video
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF_update.png Size: 57 KB
Click to Enlarge Name: AUDCHF_chart.png Size: 47 KB
Click to Enlarge Name: cadjpy bearish flag 1 hr.gif Size: 18 KB
  • #287,612
  • Aug 31, 2010 1:46pm Aug 31, 2010 1:46pm
Doubt anyone will use the info, but here it is anyway:

Keep a sharp eye on weekly chart for a close below 2645. If we do close it opens up 2329 as T1.

If we manage to close below 2329 on weekly it validates a H&S on weekly chart which is more than 2700 pips.

Anyway I doubt the whole 2814 pip(to be exact) move is possible. But chart says so.

Aside this:

Wrong thread but just a heads up: watch the daily chart on UCAD if we manage to close above 667 then we are in 774 and then 1.1125.

-----------------------------------------------------------------------------------

I trade higher TF's so please keep that in mind. This is just FYI. Please analyse yourself as well.
  • #287,613
  • Aug 31, 2010 1:50pm Aug 31, 2010 1:50pm
Quoting The Fool
Dear gator,

I am a newbie fresh out of babypips.com and I just want to thank you for all you do.

Also, I just got some new underwear - isn't there supposed to be a hole in front for your lizard to come to drink? When did they stop putting that there? What am I supposed to do here? Anyway, thanks again.

Sorry for my english.
Hi
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #287,614
  • Aug 31, 2010 1:50pm Aug 31, 2010 1:50pm
Quoting vox dei
Hi Gator. I'm a new trader, trying to learn. I find your posts very useful in that regard. Thanks for sharing. Now, one question. Could you please elaborate a little on what you call "conception fibs"?
go back to the day the egg split on the eu (before paper).. find the high and lows after, i like .1.6038 and .8229. draw the fibs you like or murrey or gann... you can also use the euro paper conception date..
those who can, do. those who cant, talk about those who can
  • #287,615
  • Aug 31, 2010 1:51pm Aug 31, 2010 1:51pm
Drop it like its hot!
rat
  • #287,616
  • Aug 31, 2010 1:53pm Aug 31, 2010 1:53pm
My earlier EURUSD short free trade failed (reversed and break even). Got in again short at 1.2696...lets see what happens.

Update: It's already a free trade :-)

It's all about the learning experience :-) Just realized that the reversal point of 1.2720 was a 50% fib retrace level.

Do you realize that the word "retracement" is not in the dictionary ?
  • #287,617
  • Aug 31, 2010 1:54pm Aug 31, 2010 1:54pm
Quoting gatorinla
go back to the day the egg split on the eu (before paper).. find the high and lows after, i like .1.6038 and .8229. draw the fibs you like or murrey or gann... you can also use the euro paper conception date..
Thanks for the explanation
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #287,618
  • Aug 31, 2010 1:58pm Aug 31, 2010 1:58pm
euro is decoupling slowly but surely from chf verses usd. who would of thunk.. uc is going down with the eu atm
those who can, do. those who cant, talk about those who can
  • #287,619
  • Aug 31, 2010 1:58pm Aug 31, 2010 1:58pm
Quoting neo1599
Doubt anyone will use the info, but here it is anyway:

Keep a sharp eye on weekly chart for a close below 2645. If we do close it opens up 2329 as T1.

If we manage to close below 2329 on weekly it validates a H&S on weekly chart which is more than 2700 pips.

Anyway I doubt the whole 2814 pip(to be exact) move is possible. But chart says so.

Aside this:

Wrong thread but just a heads up: watch the daily chart on UCAD if we manage to close above 667 then we are in 774 and then 1.1125.

-----------------------------------------------------------------------------------

I...

Are you seeing something that i'm not ? I dont see a H and S on the Weekly EU chart .... where is it ? Post a pic ?

Update: I think u meant monthly .... then ya if it closes lower than that level, possible a LONG term downtrend.
  • #287,620
  • Aug 31, 2010 2:00pm Aug 31, 2010 2:00pm
Quoting gatorinla
euro is decoupling slowly but surely from chf verses usd. who would of thunk.. uc is going down with the eu atm
what is decoupling?
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