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  • #299,721
  • Oct 1, 2010 1:24pm Oct 1, 2010 1:24pm
good evening, guys.

i am amazed at eu's performance, though it badly hurts me. any use of resistance these days, other than make it stop, smile and go through it? i am of the honest opinion that all this hft the funny days might be counted, jst gut-feeling though.

sl still standing, but these two well-formulated trade-entries won't survive i fear.
  • #299,722
  • Oct 1, 2010 1:26pm Oct 1, 2010 1:26pm
Quoting Mr Hatch
i am of the honest opinion that all this hft the funny days might be counted, jst gut-feeling though.
What do you mean?
  • #299,723
  • Oct 1, 2010 1:32pm Oct 1, 2010 1:32pm
For anyone who uses the MM lines it has hit the 7/8 line 4 times on the hourly chart but has yet to close above it. Still some time in this candle so I guess it still could.
Today's zone = Tomorrow's opportunity!
  • #299,724
  • Oct 1, 2010 1:34pm Oct 1, 2010 1:34pm
Does anyone suspect Fed has already started manipulating (more than usual)? It seems every drop is met with more USD getting sold. Even though traders seem to be getting skittish the higher it goes.
  • #299,725
  • Oct 1, 2010 1:35pm Oct 1, 2010 1:35pm
Quoting Barata
What do you mean?
take a look at what market does 1-2 hours before market close. it positions itself right in front of a resistance, and slooowly eats away at it, so that the next day it will rush through it and doesn't even need to retest. every night i watch, it stands still 20 pips in front of an important level. no downside, as every sell is immediately bought up. ranges of 10-20 pips are created in order to accumulate... that's not funny anymore.

if will be seen like this in the future, market can go anywhere in the shortest possible timeframe (I don't talk timeframes in mt4). all that will be left is following the leader of the movement. but that's just an opinion i created while reducing the narcotic effects today...

btw: does anyone know how it is possible NOT to meet unmentioned registration-requirements for a forum? i got something like this today, and was just like... wtf, never saw such a stupid statement before.
  • #299,726
  • Oct 1, 2010 1:38pm Oct 1, 2010 1:38pm
Quoting mfoste1
20 lots short whaaaaaaaaaaaa?
Um.. no that was West... uh... I went LEft, check your compas you may be holding it sideways
Time hides Nothing
  • #299,727
  • Oct 1, 2010 1:44pm Oct 1, 2010 1:44pm
Quoting octacomm
What I see is that the EUR strength is short-term. Just from the extreme oversold levels at 1.18 where everyone was talking about parity, now many people start getting too bearish for the dollar. Waiting for QE 2 and pumping money in stocks I think that worldwide agents are just helping FED and the economic recovery at least for the rest of the year. That's why I believe we will not see QE 2 this year and definitely not in November. I believe that to see a significant QE 2 as you call it , we must face a big sell-off that will support the FED in...
please forgot about this, they only make money with friends
http://www.reuters.com/article/idUSTRE68S01020100930
  • #299,728
  • Oct 1, 2010 1:46pm Oct 1, 2010 1:46pm
Quoting infinitus
http://singulorum001.blogspot.com/20...in-eurusd.html
phew... i thought the fib-extension was too high @ 2698, but then i saw the m1-timeframe.
would you care to edit your fib-levels and add the prices, so that they're visible on your charts? just add %$ to the description, and the price will be visible right next to the projected level.
Attached Image
  • #299,729
  • Oct 1, 2010 1:47pm Oct 1, 2010 1:47pm
lets see what u r thinking
  • #299,730
  • Oct 1, 2010 1:48pm Oct 1, 2010 1:48pm
Quoting CindyXXXX
Um.. no that was West... uh... I went LEft, check your compas you may be holding it sideways

wow thats quite and interesting postition.......what did you base this trade off of? care to share a chart?
  • #299,731
  • Oct 1, 2010 1:58pm Oct 1, 2010 1:58pm
Quoting Mr Hatch
phew... i thought the fib-extension was too high @ 2698, but then i saw the m1-timeframe.
would you care to edit your fib-levels and add the prices, so that they're visible on your charts? just add %$ to the description, and the price will be visible right next to the projected level.
Hi Mr. Hatch,

thought you were off for the weekend? What does the post-extraction pain to you? Hope you have the right medicine. Take care that you take a high enough dose of antiimflamatory drugs. If you have questions, call or mail me ;-)

The fib levels on that chart were extension-levels from the a/b-wave. I should have removed it.

Thanks for the tip with the prices on the fib lines. Did't know that.

That's where friends are for.........

Look at my alternative count. I think I have it soon as my main count.

Pity is: Markets close in 2h, and that will likely be not enough to bring it to top. But maybe good. So the trolls have something to play Sunday night (pump it up for a good short).

See you later,

Markus
  • #299,732
  • Oct 1, 2010 2:02pm Oct 1, 2010 2:02pm
am not trying to promote..but this is what i posted in my blog somewhere in end july/ early august...in order for u guys to know what exactly the EU trend...forget about manipulation or BS news...just share

So am looking for my next step of 3-4 or 5 if it could reach...which is 1.38-1.41 or even 1.45 next..

Possible till end of november 2010...my 2 cent

http://forex-grashid.blogspot.com/20...gust-2010.html

good luck guys and happy weekend

g
  • #299,733
  • Oct 1, 2010 2:02pm Oct 1, 2010 2:02pm
Quoting Redeemed1
Does anyone suspect Fed has already started manipulating (more than usual)? It seems every drop is met with more USD getting sold. Even though traders seem to be getting skittish the higher it goes.
Well, I have always assumed that "the government" is deeply involved in currency manipulation - and by "the government", I mean all governments. The buzz during this rally has been that the "Asian Central Banks" have been selling the USD. The rally started right after all the CB bankers and other sovereign financial ministers and their henchmaen got done at the last Jackson Hole meeting. It always makes me chuckle when I read about "quasi-official" buying or selling of the euro or whatever.

So...do they all work together to move a given rate to a more or less agreed upon level? Doubtful. Its still a fight, imo - some are buying and some are selling. The deepest pockets will get what they want, though.

The story of this rally is the telegraph re: another round of massive devaluation of the USD to be undertaken by the Fed. They knew full well that this would set off an avalanche of USD selling as everyone rushes to position themselves for the weaker USD. It must be cool to be King, huh? - you want something done - some courtier pissed you off & you want him dead - well you don't have to give an order - just flash him a dirty look and a horde of minions will be there to do the deed.

Fed knew USD selling would get going, and, imo, the pronouncements from the various Fed members over the last week about "scaling back" the size of the balance sheet expansion and about how maybe QE2 won't be necessary - these are just calculated little chess moves to help the selling assume an "orderly" pace. Not sure that is working out so well, really...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #299,734
  • Oct 1, 2010 2:03pm Oct 1, 2010 2:03pm
Quoting Mr Hatch
take a look at what market does 1-2 hours before market close. it positions itself right in front of a resistance, and slooowly eats away at it, so that the next day it will rush through it and doesn't even need to retest. every night i watch, it stands still 20 pips in front of an important level. no downside, as every sell is immediately bought up. ranges of 10-20 pips are created in order to accumulate... that's not funny anymore.

if will be seen like this in the future, market can go anywhere in the shortest possible timeframe (I don't talk...
Well observed Mr, Hatch. It just means that basically, they can do what they like by pushing a wall of money in a particular direction. Technical analysis goes out the window. Euro just put in a new high, so you're proven correct. Should open up about 30 points on Monday. Stops taken out, and so it goes.......
  • #299,735
  • Oct 1, 2010 2:09pm Oct 1, 2010 2:09pm
Quoting Mr Hatch
take a look at what market does 1-2 hours before market close. it positions itself right in front of a resistance, and slooowly eats away at it, so that the next day it will rush through it and doesn't even need to retest. every night i watch, it stands still 20 pips in front of an important level. no downside, as every sell is immediately bought up. ranges of 10-20 pips are created in order to accumulate... that's not funny anymore.

if will be seen like this in the future, market can go anywhere in the shortest possible timeframe (I don't talk...
Hello Mr Hatch

I see it the same way no chance for shorties to get profit!
So stoploss shorts help a lot to move up.
Maybe US is in a hurry to devaluate Dollar to be cheaper then the rest!
I guess a big part of germanys strong export economy ist caused by the week Euro from first half year!
  • #299,736
  • Oct 1, 2010 2:10pm Oct 1, 2010 2:10pm
New low for the DX.
  • #299,737
  • Oct 1, 2010 2:11pm Oct 1, 2010 2:11pm
Quoting infinitus
Hi Mr. Hatch,

thought you were off for the weekend? What does the post-extraction pain to you? Hope you have the right medicine. Take care that you take a high enough dose of antiimflamatory drugs. If you have questions, call or mail me...
actually, i cannot even remember the extraction, i just was told once to move my tongue a bit... it was a dream for somebody who cannot stand a dentist working in places i cannot see. i don't suffer any pain yet, which is fine, just had to take an extended nap.

the phone call follows, just not this weekend.

according to the longer tf-counts... i am eager to find out, where this extended wave will lead us, before we retrace significantly. yesterday you said, that malcolm's count was invalid, because the move starting at 1.8 wasn't impulsive... well i thought about it, but didn't look anything up yet. why should the uptrend to 1.6 and the correction to 1.8 not establish a complete cycle? so that the waves from 1.8 could very well be impulsive...? but i will look this up.
  • #299,738
  • Oct 1, 2010 2:13pm Oct 1, 2010 2:13pm
Quoting lenzhofer68
Hello Mr Hatch

I see it the same way no chance for shorties to get profit!
So stoploss shorts help a lot to move up.
Maybe US is in a hurry to devaluate Dollar to be cheaper then the rest!
I guess a big part of germanys strong export economy ist caused by the week Euro from first half year!
yes, and from a fundamental viewpoint, this whole rally started immediately after any media in germany reported how good our economy works atm and that export-business is booming... what will these reports say next spring?
  • #299,739
  • Oct 1, 2010 2:18pm Oct 1, 2010 2:18pm
Quoting Mr Hatch
good evening, guys.

i am amazed at eu's performance, though it badly hurts me. any use of resistance these days, other than make it stop, smile and go through it? i am of the honest opinion that all this hft the funny days might be counted, jst gut-feeling though.

sl still standing, but these two well-formulated trade-entries won't survive i fear.

The kumo on the weekly chart indicates a rather weak zone of resistance around 1.3900. the daily chart suggests S/R around 1.37500. on that basis I will not place any shorts until MACD and RSI confirm downward momentum.

Good luck with your stops... man goennt sich ja sonst nichts.
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  • #299,740
  • Oct 1, 2010 2:21pm Oct 1, 2010 2:21pm
Quoting penycae
Well observed Mr, Hatch. It just means that basically, they can do what they like by pushing a wall of money in a particular direction. Technical analysis goes out the window. Euro just put in a new high, so you're proven correct. Should open up about 30 points on Monday. Stops taken out, and so it goes.......
well, i am not convinced that technical analysis goes out of the window in the future... basically any means of ta that i got aware of up to now has it's use. fill a room with 12 people, each 2 of them analyse a chart using the same techniques, put the analysis together and probably you have a very successful team making very good money. it's just that individuals will have severe problems with these manipulated tours-des-forces...
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