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EURUSD

  • #303,201
  • Oct 8, 2010 4:07am Oct 8, 2010 4:07am
CAD data released, and fxcm spread went 37 pips
Holy Grail - Patience and Acceptance
  • #303,202
  • Oct 8, 2010 4:10am Oct 8, 2010 4:10am
http://www.fxstreet.com/news/forex-n...5-1053cac84ac3

"[...]the ratio of long to short positions in the EURUSD stands at -1.62 as nearly 62% of traders are short."
Don't just be a sheep : make your own idea of it.
  • #303,203
  • Oct 8, 2010 4:14am Oct 8, 2010 4:14am
Originally Posted by DMA Trader
NFP stop loss hunting season open now.


Quoting DMA Trader
first round ended.

break and then again

second round DONE..

now we are where we started the day but not as many traders as we started
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,204
  • Oct 8, 2010 4:15am Oct 8, 2010 4:15am
http://www.fxstreet.com/news/forex-n...9-829403b0d114

What could happen in case the number is released as -100K instead of +5K consensus ? 1.42 ? 1.44 ?
Don't just be a sheep : make your own idea of it.
  • #303,205
  • Oct 8, 2010 4:15am Oct 8, 2010 4:15am
Quoting DMA Trader
Originally Posted by DMA Trader
NFP stop loss hunting season open now.





second round DONE..

now we are where we started the day but not as many traders as we started
Quite Interesting
Holy Grail - Patience and Acceptance
  • #303,206
  • Oct 8, 2010 4:17am Oct 8, 2010 4:17am
Hi,

today looks like for me its critical decision. In terms of EWT we can have 2 valid counts. First one is that the recent top of 1.4020 is the end of 5 Wave and we are now in Correction mode, and the end of Wave A.

The other possibilty is that the uptrend was 3 Wave with a extension in a Extension and the recent top is the top of Wave 3 and we are in a 4 Wave Correction.

Finally the decision will be made by the news later where we are, so iam prepared for both ways to trade.

Good luck all
  • #303,207
  • Oct 8, 2010 4:18am Oct 8, 2010 4:18am
Quoting bluesoul
you have tp1 1 million $,

o i have SL1 1 million dollar lol
No worries friend all part of learning; whenever i loose a trade i think about it really hard and try not to make same take again, thats how you become deciplined
  • #303,208
  • Oct 8, 2010 4:21am Oct 8, 2010 4:21am
This is for the new traders look in the M15 Chart and you can see the candles are sucked up wards where you can see the candle with long wick on the down
shows some buying power kind of scalping
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
  • #303,209
  • Oct 8, 2010 4:23am Oct 8, 2010 4:23am
Quoting DMA Trader
Originally Posted by DMA Trader
NFP stop loss hunting season open now.





second round DONE..

now we are where we started the day but not as many traders as we started
Regular as clockwork...
  • #303,210
  • Oct 8, 2010 4:24am Oct 8, 2010 4:24am
Quoting kassec
http://www.fxstreet.com/news/forex-n...9-829403b0d114

What could happen in case the number is released as -100K instead of +5K consensus ? 1.42 ? 1.44 ?
Wednesday's ADP predicted +23k printed -39k. NFP usually follows but not always. I am usually wrong when I try to predict these - that's a good contrarian indicator. Market seems wound up for a big loss. So, since I am usually wrong - 1.41 by NY close...sure.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #303,211
  • Oct 8, 2010 4:27am Oct 8, 2010 4:27am
Quoting kassec
http://www.fxstreet.com/news/forex-n...9-829403b0d114

What could happen in case the number is released as -100K instead of +5K consensus ? 1.42 ? 1.44 ?
usually after the release of actual numbers there goes the revison. Wait for revision and unemployment rate. If it stays the same $ is gonna rise. Those 2 fundamentals are linked together. Bad NFP numbers mean JPY crosses gonna go down and sell off would continue.A better then expected numbers would probably consolidate the market then we wait for a congestion>breakout>continuation pattern on a daily TF which would push the pair up to 42xx -44xx levels or a reversal that could lead to 33xx levels.
Bear in mind UJ pair. 82.00 support
  • #303,212
  • Oct 8, 2010 4:28am Oct 8, 2010 4:28am
Chart looks bullish, strong demand around 850...

Possible retest...
  • #303,213
  • Oct 8, 2010 4:30am Oct 8, 2010 4:30am
Quoting T@rantula
usually after the release of actual numbers there goes the revison. Wait for revision and unemployment rate. If it stays the same $ is gonna rise. Those 2 fundamentals are linked together. Bad NFP numbers mean JPY crosses gonna go down and sell off would continue.A better then expected numbers would probably consolidate the market then we wait for a congestion>continuation>breakout pattern on a daily TF which would push the pair up to 42xx -44xx levels or a reversal that could lead to 33xx levels.
Bear in mind UJ pair. 82.00 support
BoJ would be severely getting backed into a corner in your scenario...
  • #303,214
  • Oct 8, 2010 4:32am Oct 8, 2010 4:32am
Anyone with a breakout strategy willing to share this will be a strong move to either direction
  • #303,215
  • Oct 8, 2010 4:34am Oct 8, 2010 4:34am
Quoting FibbinArchie
BoJ would be severely getting backed into a corner in your scenario...
Exactly...82.00 is a strong support but a brekout below would send JPY higher. 82.03 is MM -2 overshoot level whereas octaves shift once theyr broken.

What would they (BoJ) do for an encore
  • #303,216
  • Oct 8, 2010 4:38am Oct 8, 2010 4:38am
Quoting kassec
http://www.fxstreet.com/news/forex-n...5-1053cac84ac3

"[...]the ratio of long to short positions in the EURUSD stands at -1.62 as nearly 62% of traders are short."
NFP report-- someone has to hold the Bag !!
  • #303,217
  • Oct 8, 2010 4:39am Oct 8, 2010 4:39am
Quoting FibbinArchie
Chart looks bullish, strong demand around 850...

Possible retest...
Hourly PA is definitely bearish, but on the 15mn bulls are there
This hour is not over yet, let's wait
COT: The precious data ignored
  • #303,218
  • Oct 8, 2010 4:41am Oct 8, 2010 4:41am
Quoting T@rantula
Exactly...82.00 is a strong support but a brekout below would send JPY higher. 82.03 is MM -2 overshoot level whereas octaves shift once theyr broken.

What would they (BoJ) do for an encore
levels further down are the psych double 0s, then all time record low, can't see Noda & Co. allowing it to tank a further 300 pips...

Too much uncertainty, I exited my long on the spike up to 255.
  • #303,219
  • Oct 8, 2010 4:43am Oct 8, 2010 4:43am
Quoting kuroro001
Hourly PA is definitely bearish, but on the 15mn bulls are there
This hour is not over yet, let's wait
Yeah, I was looking at the m15 (ignoring the blatant H&S)..

Volume kicked in on the spike down...
Attached Image (click to enlarge)
Click to Enlarge Name: eu_0810.jpg Size: 219 KB
  • #303,220
  • Oct 8, 2010 4:46am Oct 8, 2010 4:46am
am going to be surprise, if sellers don't take it up the arse !!!

if this is not fun to watch , you have no pulse ...lol
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