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  • #305,921
  • Oct 13, 2010 10:35am Oct 13, 2010 10:35am
Supply Zones came into play, first one just caused a hiccup, second swamped the move.
Attached Image (click to enlarge)
Click to Enlarge Name: S Zones.jpg Size: 169 KB
  • #305,922
  • Oct 13, 2010 10:35am Oct 13, 2010 10:35am
London will be closing soon, looks like 1.40 big wall, probably will fall back, in the last week the Euro cannot break 1.40, currency stalled out
  • #305,923
  • Oct 13, 2010 10:37am Oct 13, 2010 10:37am
When it was trying to break 1.4,
euronext halted due to technical reasons for around 15 minutes, and market turned around 1.3992,

is it related?
Holy Grail - Patience and Acceptance
  • #305,924
  • Oct 13, 2010 10:37am Oct 13, 2010 10:37am
wow, volume is flat too, probable hit early happy hour, lol
  • #305,925
  • Oct 13, 2010 10:37am Oct 13, 2010 10:37am
Quoting ines
Z3iz3i CONGRATULATION so far ...
Thanks.
They think they are smarter than I am.
  • #305,926
  • Oct 13, 2010 10:37am Oct 13, 2010 10:37am
Quoting FibbinArchie
Supply Zones came into play, first one just caused a hiccup, second swamped the move.
what program do you use for picture taking? its good quality..


tnx
  • #305,927
  • Oct 13, 2010 10:41am Oct 13, 2010 10:41am
what a day, 100 pips up ,100 pips down, 100 pips up ,100 pips ????

talk about range trading lol.

I dont beleive it while writing this post big move down hehe

went short 1.3920 added to it at 1.3985 just booked a nice profit lol i dont beleive it.
making green pips large and red pips small this is my goal.
  • #305,928
  • Oct 13, 2010 10:43am Oct 13, 2010 10:43am
Quoting Geppy
Hi Markus,

I'm not sure if you're asking a question or not. I don't count waves, so I can't comment on that. As far as targets, I'm looking for a test of most recent lows and/or break. If that happens, 1.33s are on the table for potential target.
Hi Geppy. Last time (week) you were very bullish and didn't want to close longs at 1.4 targeting more. Now you seem extremely bearish.

What changed your mind in such a big way ?

thanks
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #305,929
  • Oct 13, 2010 10:44am Oct 13, 2010 10:44am
ugly 1H.

77 USX aka 1.4 is very strong.

So let's see how bears can react now.

.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #305,930
  • Oct 13, 2010 10:46am Oct 13, 2010 10:46am
Quoting Vladimir1987
what program do you use for picture taking? its good quality..


tnx
Corel paint shop pro, about £15 on eBay (the disc is licensed for use in Canada, but works fine on my machine ), does everything I need it to do, it's quite a versatile programme.

Wow, what a roller coaster, I'm worn out...
  • #305,931
  • Oct 13, 2010 10:47am Oct 13, 2010 10:47am
Quoting DMA Trader
Hi Geppy. Last time (week) you were very bullish and didn't want to close longs at 1.4 targeting more. Now you seem extremely bearish.

What changed your mind in such a big way ?

thanks
Hey DMA... it's not that I was incredibly bullish last week, it was simply that I wasn't ready to be bearish. Everyone was calling for a USD correction, but there hadn't been any confirmation yet. I closed my positions last week in the high 1.39s and got on the sidelines (I didn't like the second failed attempt to successfully break 1.40). We convincingly broke the uptrend channel on both Euro and Cable earlier this week and this rally since yesterday has been a classical retest of that support turned resistance (see my blog for a very clear chart).

Overall, I'm bearish on the USD but I recognize the importance of a solid retracement. In my opinion, bullish sentiment is simply on pause and we'll resume after the break

Hope that helps.
check out my blog: forexmademillionaire dot com
  • #305,932
  • Oct 13, 2010 10:47am Oct 13, 2010 10:47am
Quoting DMA Trader
ugly 1H.

77 USX aka 1.4 is very strong.

So let's see how bears can react now.

.
If by ugly you mean gorgeous
check out my blog: forexmademillionaire dot com
  • #305,933
  • Oct 13, 2010 10:49am Oct 13, 2010 10:49am
Quoting DMA Trader
ugly 1H.

77 USX aka 1.4 is very strong.

So let's see how bears can react now.

.

Gold new all time highs, DOW making new highs, but Euro not able to.

Is this a sign that the run is up? If DOW/Gold start dropping it most likely will take euro with it.
  • #305,934
  • Oct 13, 2010 10:50am Oct 13, 2010 10:50am
Quoting Geppy
Hey DMA... it's not that I was incredibly bullish last week, it was simply that I wasn't ready to be bearish....
thanks man.
it does.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #305,935
  • Oct 13, 2010 10:52am Oct 13, 2010 10:52am
Rangeing before Benny opens his mouth.
Low volumes.

To crack 1.4 it can happen at prime time while B talking and preferrably needs a setup
They think they are smarter than I am.
  • #305,936
  • Oct 13, 2010 10:53am Oct 13, 2010 10:53am
Quoting Geppy
Hey DMA... it's not that I was incredibly bullish last week, it was simply that I wasn't ready to be bearish....
Back home
I see u became bearish and heavy add to short,
Interesting.....
U just explain why
More interesting...
Give me few minutes to review my Plan and will give u my answer if u interested
PS:Just one question
What TF u use and where your target zone?
  • #305,937
  • Oct 13, 2010 10:54am Oct 13, 2010 10:54am
Quoting forextine
Gold new all time highs, DOW making new highs, but Euro not able to.

Is this a sign that the run is up? If DOW/Gold start dropping it most likely will take euro with it.
i'm just out until we break 1.4 since another failed attempt can lead to a bigger correction.

also look at EUX 4h very toppy.

It's an important level.

I'm not shorting EUR/USD for now. but I'm also not long until we break 77 usx 1.4 EU. I also think GU is more vulnerable for a short but it's relative.

So just watching the show for now.
i'm bullish on gold since forever. the only secular bull market i see. but corrections do come.

i also never short gold.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #305,938
  • Oct 13, 2010 10:55am Oct 13, 2010 10:55am
Quoting Z3iz3i
Rangeing before Benny opens his mouth.
Low volumes.

To crack 1.4 it can happen at prime time while B talking and preferrably needs a setup
20.10 GMT, is that right?
  • #305,939
  • Oct 13, 2010 10:56am Oct 13, 2010 10:56am
Quoting svet_an
What is your target? Do you think today we could go above the current high at 1.4028?
Huh I have been absent for 3 hours and basically nothing happened except 3995 proved a significant resistance.

I can see that US session has brought another retest of daily highs. I will keep my trade going
  • #305,940
  • Oct 13, 2010 10:58am Oct 13, 2010 10:58am
Quoting Geppy
Hi Markus,

I'm not sure if you're asking a question or not. I don't count waves, so I can't comment on that. As far as targets, I'm looking for a test of most recent lows and/or break. If that happens, 1.33s are on the table for potential target.
I think not with this wave. After the next correction for sure :-)
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