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  • #312,421
  • Oct 22, 2010 9:03am Oct 22, 2010 9:03am
Quoting PayTheLimit
bulls cant be happy with that candle, thats a lot of wick they left behind...
Yeh indeed...but i wouldnt short based on that...bulls still made a new high for the day...and the hourly low ain't even lower than the previous ones
So none of them won the battle ... yet...but bears are closer to win it.
Even though i wouldnt be surprise by a fake move down...we are friday!!
COT: The precious data ignored
  • #312,422
  • Oct 22, 2010 9:05am Oct 22, 2010 9:05am
Quoting PayTheLimit
bulls cant be happy with that candle, thats a lot of wick they left behind...
yes, but still they didn't allow the triangle i posted earlier to break.
as people realize that the easy move upwards has ended, they take profits and thus lowering the supply-zones. if eu came down from this area around here, it would not be a satisfiying end to this uptrend.
  • #312,423
  • Oct 22, 2010 9:06am Oct 22, 2010 9:06am
Quoting kuroro001
Yeh indeed...but i wouldnt short based on that...bulls still made a new high for the day...and the hourly low ain't even lower than the previous ones
I hear you, my 15min support 3924/26 still intact for the time being, tough trade anyway you slice it. I am now out of here, check you late NY....
Look Sharp/Trade Tight
  • #312,424
  • Oct 22, 2010 9:07am Oct 22, 2010 9:07am
i am afraid of that as i am short.

on my platform that 15m candle had high at open and low at close. weird on we were going up...

if we get back to 55...

so i still have doubts LOL

green pips K

Quoting kuroro001
Yeh indeed...but i wouldnt short based on that...bulls still made a new high for the day...and the hourly low ain't even lower than the previous ones
So none of them won the battle ... yet...but bears are closer to win it.
Even though i wouldnt be surprise by a fake move down...we are friday!!
dreams do come true.
  • #312,425
  • Oct 22, 2010 9:08am Oct 22, 2010 9:08am
Quoting PayTheLimit
I hear you, my 15min support 3924/26 still intact for the time being, tough trade anyway you slice it. I am now out of here, check you late NY....
Enjoy your week end buddy...cya!
COT: The precious data ignored
  • #312,426
  • Oct 22, 2010 9:11am Oct 22, 2010 9:11am
Quoting wannaberich
i am afraid of that as i am short.

on my platform that 15m candle had high at open and low at close. weird on we were going up...

if we get back to 55...

so i still have doubts LOL

green pips K
Yes, tricky PA...better stand aside...this day aint a good day!
Good luck with your short
COT: The precious data ignored
  • #312,427
  • Oct 22, 2010 9:19am Oct 22, 2010 9:19am
I didn't understand this up move, but now i do.
ABCD points to 61.8 retrace thats going to be my target.
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  • #312,428
  • Oct 22, 2010 9:20am Oct 22, 2010 9:20am
The focus of the meeting is currency debasement and trade. So far, U.S. Treasurer Tim Geithner's plan for a cap on current account balances has been the highlight. The rumor is that it would be 4% of GDP (China is at 7.8%). This plan has been met with resistance, as export driven economies like Japan, Germany, and China provide significant opposition. The dollar is likely to meander around the 77 area as the market deciphers comments from the G-20 over the next few days

Briefing
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #312,429
  • Oct 22, 2010 9:23am Oct 22, 2010 9:23am
What a Headache Day
  • #312,430
  • Oct 22, 2010 9:25am Oct 22, 2010 9:25am
Quoting egkid
What a Headache Day
Yup, I have already taken my pills.
They think they are smarter than I am.
  • #312,431
  • Oct 22, 2010 9:26am Oct 22, 2010 9:26am
Quoting DMA Trader
The focus of the meeting is currency debasement and trade. So far, U.S. Treasurer Tim Geithner's plan for a cap on current account balances has been the highlight. The rumor is that it would be 4% of GDP (China is at 7.8%). This plan has been met with resistance, as export driven economies like Japan, Germany, and China provide significant opposition. The dollar is likely to meander around the 77 area as the market deciphers comments from the G-20 over the next few days

Briefing
now I do understand the seasickness.
but isn't USD already in that area??
  • #312,432
  • Oct 22, 2010 9:30am Oct 22, 2010 9:30am
candle theory is as reliable as Rooney staying at utd !


Quoting PayTheLimit
bulls cant be happy with that candle, thats a lot of wick they left behind...
  • #312,433
  • Oct 22, 2010 9:31am Oct 22, 2010 9:31am
Quoting Martingale
now I do understand the seasickness.
but isn't USD already in that area??
i just saw the news. the reason why everything is going like that today
you are right. but the 4% is a rumor even if source is pretty reliable.

probably a gap on Monday
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #312,434
  • Oct 22, 2010 9:34am Oct 22, 2010 9:34am
doesn't it look like its going to burst soon? ... somewhere LOL
dreams do come true.
  • #312,435
  • Oct 22, 2010 9:34am Oct 22, 2010 9:34am
Quoting DMA Trader
i just saw the news. the reason why everything is going like that today
you are right. but the 4% is a rumor even if source is pretty reliable.

probably a gap on Monday
DMA, you mean gap.. up or down?
  • #312,436
  • Oct 22, 2010 9:36am Oct 22, 2010 9:36am
Quoting Mr Hatch
nice triangle, i wonder which side might break.

I think that we will se a up break, but i really want a down move. i Have short Positions @ 1,3750/60 without SL, they take me yesterdau in asian session with a pending orders (a stupid action from my self) i forgot a SL value... and now i pay the bill
"Por mais fundo que seja o buraco, pelo menos esse não tem terra em cima"
  • #312,437
  • Oct 22, 2010 9:37am Oct 22, 2010 9:37am
Quoting DMA Trader
i just saw the news. the reason why everything is going like that today
you are right. but the 4% is a rumor even if source is pretty reliable.

probably a gap on Monday
up or down? i actually wouldn't be surprised if we saw narrowed daily trading ranges in the future, if g20 come to a consesus, because every one will be wary.
  • #312,438
  • Oct 22, 2010 9:39am Oct 22, 2010 9:39am
Quoting TripeiroFX
I think that we will se a up break, but i really want a down move. i Have short Positions @ 1,3750/60 without SL, they take me yesterdau in asian session with a pending orders (a stupid action from my self) i forgot a SL value... and now i pay the bill
oh, this really sucks. for now, they don't really want to give way to the downside, but there are no asians involved atm. i think that they (the asians) are keeping a close look at any news from g20. they will punish us, no matter what the result will be. ;-)
triangle tested to the downside
  • #312,439
  • Oct 22, 2010 9:42am Oct 22, 2010 9:42am
Quoting Martingale
DMA, you mean gap.. up or down?
well we usually get a gap when G meetings take place.
I have no idea about it. Just saying this is the Finance Ministers and Central Banker's meeting.
Nov 12 is the leaders meeting also with more media hype. but most of the stuff is signed and agreed by them and next one is more with the media and headlines.

November will be a month to remember on Forex.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #312,440
  • Oct 22, 2010 9:43am Oct 22, 2010 9:43am
Quoting Mr Hatch
nice triangle, i wonder which side might break.
The aussie is in a triangle too. Looked like a trend reversal but also could be trend continuation, so no clear trade for the moment.
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