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  • #291,241
  • Sep 12, 2010 12:10pm Sep 12, 2010 12:10pm
Quoting manojsai
My last week plan.

This week i have a neutral view and react to the market as it moves.
i wont be taking any position within the levels of 2868 and 2922 except scalping which i think will be good.
if the market decide to breakout of 2922 i shall jump at it and i think it will be a big spike to 2972 area.3031 is a stong resistance line and i think it will range below that for some long time ,and another spike to ending at 3143 my target.

If the market break below 2860 i shall enter my shorts and add my shorts as it breakdown below...
My trading plan for this week.

This week things look a bit hazy,the last 30 pip drop has left the short term bulls scratching the head.The sharks on vacation should be in their desk this week and i hope to get the critical volume to move the market in the way they choose. hope to play the range of 2684/2744 and 2666/2762 for somemore time.
buy pending order at 2659 (sl10) to catch the break out and hope to take it as far as 2856 (sl10) were a pending short will be opened.

if however the sharks decide to take the market down shorts will be opened only below 2646 .
the down spikes in gold and bonds show the stabilisation of the risk assesment, increase in baltic dry index,restructuring of debt of dubai world ,good economic reports from china etc augur well for commodities. crude may reach 80 and dow 10600
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  • #291,242
  • Sep 12, 2010 12:14pm Sep 12, 2010 12:14pm
Bear Punding down Will bull resist ?
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  • #291,243
  • Edited 12:52pm Sep 12, 2010 12:37pm | Edited 12:52pm
Lol, relax mate. I was only making my point.

Nobody is talking about trendlines. From your chart the only argument i got was that you were looking at a daily bar and qualifying that as trendy or not trendy. So the only rational approach was assume that you were referring a trendy day in the context of intraday trading (you wrote: Non trending days vs trending days)

It could be dangerous because a static chart hide the action during that bar making the R/R and Money Management variables seems a lot easier that they actually are if you have taken those trades live. So a lot of this very nice daily bars you qualify as trendy were (check any intraday timeframe) actually intraday ranges that broke to one side in relative short time or at the open/close making the whole day CHOPPY not trendy.

I just quickly mark your chart with days that they were trendy (in intraday terms) for real and the others. Obviously, I just did it without attention to details so there are not exact. Take and leave some days in and out but in general the relation between trendy and not trendy is completely different from what you said.

In any case, if you can't have a decent and mature argument in a discussion.... ok let's leave it there. Good luck with your trading.

sisse

Quoting Larseg
And who said anything about intraday trendline and daily bars?

And how the F can this be dangerous?

Do you know what... don't even reply cause I won't
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Pending conversations? PM for a chat...I am mainly in OTM now
  • #291,244
  • Sep 12, 2010 12:50pm Sep 12, 2010 12:50pm
I will post my plan for this week later. Yours looks like a good plan. I am +/- looking at the same. However, last Friday failure to test the top of the range is an early warning signal for not fading that test and that the break odds are to the down side.

We'll see. Good luck this week.

sisse

Quoting manojsai
My trading plan for this week.

This week things look a bit hazy,the last 30 pip drop has left the short term bulls scratching the head.The sharks on vacation should be in their desk this week and i hope to get the critical volume to move the market in the way they choose. hope to play the range of 2684/2744 and 2666/2762 for somemore time.
buy pending order at 2659 (sl10) to catch the break out and hope to take it as far as 2856 (sl10) were a pending short will be opened.

if however the sharks decide to take the market down shorts...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #291,245
  • Sep 12, 2010 2:31pm Sep 12, 2010 2:31pm
oanda live chart. 2703 holding atm, but news that deutsche bank gathers fresh money in order to fully obtain deutsche postbank (30% held by deutsche bank right now) appears to have calmed doubters down... in combination with states guarantees for hre... well draw your own conclusions...
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  • #291,246
  • Sep 12, 2010 2:35pm Sep 12, 2010 2:35pm
We are currently @ 1.2709
  • #291,247
  • Sep 12, 2010 2:38pm Sep 12, 2010 2:38pm
Now @ 1.2726
  • #291,248
  • Sep 12, 2010 2:39pm Sep 12, 2010 2:39pm
2730... time to short
  • #291,249
  • Sep 12, 2010 2:41pm Sep 12, 2010 2:41pm
Im going to wait just a little bit longer myself before I short
  • #291,250
  • Sep 12, 2010 2:42pm Sep 12, 2010 2:42pm
The 2 white lines should be reached by me ( thats just me) The red one should not Well not tonight anyway.
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  • #291,251
  • Sep 12, 2010 2:44pm Sep 12, 2010 2:44pm
Quoting sisse
Lol, relax mate. I was only making my point.

Nobody is talking about trendlines. From your chart the only argument i got was that you were looking at a daily bar and qualifying that as trendy or not trendy. So the only rational approach was assume that you were referring a trendy day in the context of intraday trading (you wrote: Non trending days vs trending days)

It could be dangerous because a static chart hide the action during that bar making the R/R and Money Management variables seems a lot easier that they actually are if you have taken...
Good logic when one comes to see an intraday trend from the daily candle each by each, sees the ranges only , up & down at the same place like water molecules do forming a big wave as a whole .total ranges of 150pips >open 30 pips above the low & close 50 pips below high , apparently ranging but when compare many candles at the same time , like interday trend there shows a good wave & trend in a single direction.

At the same time if there no trend intraday in the daily candles ? surely there , trend in a trend , and only can be seen in lower tf , all consists of HH,LL format or impulse & corrective waves whatever say & have definite direction most time or better say every time that is no trendless moment in forex , none bigger tf , there are smaller one or much smaller one but present .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,252
  • Sep 12, 2010 2:45pm Sep 12, 2010 2:45pm
Quoting Mr Hatch
2730... time to short
  • #291,253
  • Sep 12, 2010 2:47pm Sep 12, 2010 2:47pm
Quoting 219
The 2 white lines should be reached by me ( thats just me) The red one should not Well not tonight anyway.
aud/usd rallying towards fib-ext @0.93297... 0.93609 atm.
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  • #291,254
  • Sep 12, 2010 2:49pm Sep 12, 2010 2:49pm
Quoting cagriguler
what does that mean?
  • #291,255
  • Sep 12, 2010 2:50pm Sep 12, 2010 2:50pm
And now this just in......

http://finance.yahoo.com/news/New-gl...n&asset=&ccode=

Make of this what you will of course, but it looks like typical shady Sunday afternoon dark room policy as usual. My tech says the upside and these fundamental seem to confirm that if any sence of fundamentals can really be made. I am a tech trader but cant ignore the signifigance of these events. Most likely another card up "their" sleeve to be played out in the London open. Along with news from my last post this should be a market mover one way or the other
Should be fun and profitable if you go slow and stay focused....:nerd:
  • #291,256
  • Sep 12, 2010 2:58pm Sep 12, 2010 2:58pm
Quoting Mr Hatch
2730... time to short
I agree. Sold at 724. We will see
  • #291,257
  • Sep 12, 2010 3:05pm Sep 12, 2010 3:05pm
The analysts of Metzler Bank emphasize here that in the coming weeks, the euro government bond market is present above-average issue size of around 30 billion euros. The main events are the Italian bond auctions on Monday and Spanish government bonds on Thursday. Both countries are trying to place 30-year-old Bonds. Especially for skiers investors are usually very critical. A failure or at least unsatisfactory outcome of the auction would be water on the mills of Anglo-Saxon investors, who put on a burst of € experiment. The euro will probably then become strong under pressure.
  • #291,258
  • Sep 12, 2010 3:09pm Sep 12, 2010 3:09pm
Quoting netrader06
And now this just in......
"...."Their contribution to long-term financial stability and growth will be substantial," Trichet said in a statement.

U.S. officials including Federal Reserve chairman Ben Bernanke in a joint statement called the new standards a "significant step forward in reducing the incidence and severity of future financial crises."

The agreement, known as Basel III, is seen as a cornerstone of the global financial reforms proposed by governments following the credit crunch and subsequent economic downturn caused by risky banking practices....."

---

Anything that helps the bankers pull their panties out of their a$$crack is going to improve the global investment risk climate. In the current risk-on/risk-off paradigm, the euro stands to gain.

Whoever sold the euro to .267x in a dead market on Friday afternoon probably knew the Basel accord was a done deal and all that was left to do was the dinner & photo ops - and knew Basel would effect a sigh of relief in the EZ and a green light for euro strength. Spot fx is the playground of VERY LARGE speculative players. They can ignore the macro fundamentals to good effect on an intraday basis, but sooner or later even they have to fall in line.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #291,259
  • Sep 12, 2010 3:12pm Sep 12, 2010 3:12pm
does anyone think we could see a charge at 1.33 here?

fears of a double dip and sentiment in the US has gotten much worse than a few months ago and EUR now doesn't seem to be in as bad a position as it was..... the US contrarily is the one that everyone has their eyes on at the moment witch sketchy economics numbers
  • #291,260
  • Sep 12, 2010 3:16pm Sep 12, 2010 3:16pm
Quoting Mr Hatch
what does that mean?
No short time.. Do not trade.. yet open markets.
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