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  • #317,201
  • Nov 1, 2010 9:27am Nov 1, 2010 9:27am
My bias was mentioned in previous post. Here is the reasoning. Fundamentally we all know U.S is struggling. It's no secret Ben wants a weak dollar. U.S has been manipulating the market using a very good strategy. Talk! They know depending on what words they use that the markets will react accordingly. However, there have been signs recently that i believe many have missed. Geitner wants the current administration to look as though they care about the state of the dollar. thus the consolidation at the 200 sma. My belief, a continued rally till the 61.8 fib (4400-4480 approximately) There the big money can gain better entries for the short to new lows. In addition the elections will be over, and the administration can begin to implement a stronger dollar policy. Just my belief! Still holding previous stated positions! Trade safe!
All that is left in FF is just plain garbage. "Cloggie"
  • #317,202
  • Nov 1, 2010 9:30am Nov 1, 2010 9:30am
Quoting goods
Price is dropping....
I'm seeing this is all buying going on here... this area 1.3900 is a good buy with atleast 100 pips upmove due.
  • #317,203
  • Nov 1, 2010 9:32am Nov 1, 2010 9:32am
Quoting Srikanth
I'm seeing this is all buying going on here... this area 1.3900 is a good buy with atleast 100 pips upmove due.
1.3885 will prove this. we need to see if it trades below it.
Know when to hold em, Know when to fold em!
  • #317,204
  • Nov 1, 2010 9:33am Nov 1, 2010 9:33am
We bounced right at the center bollinger band on the 4 hour. We have however crossed it on the daily. 30 minutes left on the current bar, a cross and open of the new bar will confirm to me that my 3760 will be realized.
Attached Image (click to enlarge)
Click to Enlarge Name: bollinger stop.jpg Size: 190 KB
All that is left in FF is just plain garbage. "Cloggie"
  • #317,205
  • Nov 1, 2010 9:34am Nov 1, 2010 9:34am
Quoting goods
1.3885 will prove this. we need to see if it trades below it.
i have 8807 for now.
  • #317,206
  • Nov 1, 2010 9:34am Nov 1, 2010 9:34am
Quoting tonyo524
We bounced right at the center bollinger band on the 4 hour. We have however crossed it on the daily. 30 minutes left on the current bar, a cross and open of the new bar will confirm to me that my 3760 will be realized.

LOL I dont understand you tonyo. You say one post 1.440x another you say 1.37x.

lol which is it, are you bull or bear.
Know when to hold em, Know when to fold em!
  • #317,207
  • Nov 1, 2010 9:34am Nov 1, 2010 9:34am
I went 1 for 4 today, -8,-13,-3, and +20...I'm done for the day, going out on a winner at least. Be back at it tomarrow, good luck out there.....
Look Sharp/Trade Tight
  • #317,208
  • Nov 1, 2010 9:35am Nov 1, 2010 9:35am
Quoting Mr Hatch
i have 8807 for now.
1.8807??? post chart please. I have 1.455x but right now I see down first before up.
Know when to hold em, Know when to fold em!
  • #317,209
  • Nov 1, 2010 9:36am Nov 1, 2010 9:36am
Quoting Srikanth
I'm seeing this is all buying going on here... this area 1.3900 is a good buy with atleast 100 pips upmove due.
I don't bet on "due" things. A 750 pips down move is "due" for some time. Many people called it hundreds of time as it was "due". Nobody saw it until now ... As long as I don't see it, I don't think it's "due".
Don't just be a sheep : make your own idea of it.
  • #317,210
  • Nov 1, 2010 9:36am Nov 1, 2010 9:36am
Quoting tonyo524
My bias was mentioned in previous post. Here is the reasoning. Fundamentally we all know U.S is struggling. It's no secret Ben wants a weak dollar. U.S has been manipulating the market using a very good strategy. Talk! They know depending on what words they use that the markets will react accordingly. However, there have been signs recently that i believe many have missed. Geitner wants the current administration to look as though they care about the state of the dollar. thus the consolidation at the 200 sma. My belief, a continued rally till the...
I agree with most of it. especially since US want to double exports in the next 5 years. so weak dollar will help. But it's already weak.
look at AUD, CAD, EUR, CHF, JPY. i think this area is a bottom. and going forward will rally (USD).
I don't think it's because of gaithner it's because demand will be bigger for USD than supply is at this prices. USA always had a strong dollar policy.

I also think we are not going to see 1.45.

we'll see.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #317,211
  • Nov 1, 2010 9:36am Nov 1, 2010 9:36am
Quoting goods
1.8807??? post chart please. I have 1.455x but right now I see down first before up.
38807, we're not talking science fiction here
  • #317,212
  • Nov 1, 2010 9:36am Nov 1, 2010 9:36am
Be careful with your long positions today, from tomorrow (possible London, NY) will start days for long positions

E leg is always 5W structure and don't need to end on the line of triangle, from the end of E leg is trust from triangle 428 pips UP, good entry for long - Lambo must be inside

Good to have ideas where we are
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  • #317,213
  • Nov 1, 2010 9:38am Nov 1, 2010 9:38am
Well I do agree with your view and that's why i keep holding my long bias too. However, thats assuming that inflation get in check and there is not further problems with debt related issues in the EZ. If everything goes +/- less in line with this analysis, once election and QE2 are cleared this week, there should be nothing in between (fundamental-wise) until the end of the year to reach those levels.

We'll see
sisse


Quoting tonyo524
My bias was mentioned in previous post. Here is the reasoning. Fundamentally we all know U.S is struggling. It's no secret Ben wants a weak dollar. U.S has been manipulating the market using a very good strategy. Talk! They know depending on what words they use that the markets will react accordingly. However, there have been signs recently that i believe many have missed. Geitner wants the current administration to look as though they care about the state of the dollar. thus the consolidation at the 200 sma. My belief, a continued rally till the...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #317,214
  • Nov 1, 2010 9:38am Nov 1, 2010 9:38am
29 min of news effects ,usdx breaks up the tl it broke earlier & tryting hard stay above but hope not long time , break not hold possible . M30& H1 candle close there may have buy signal & retracement , already sell signal in M5 & M15 .
so ranging above tl & eu at lows may happen before decision.
eu ltl not so far also at 3854 & 35. doing a risky game this time.
better watch some tv series before it settles .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #317,215
  • Nov 1, 2010 9:38am Nov 1, 2010 9:38am
Quoting kassec
I don't bet on "due" things. A 750 pips down move is "due" for some time. Many people called it hundreds of time as it was "due". Nobody saw it until now ... As long as I don't see it, I don't think it's "due".
the wisdom of a novice should be taken.

trade the chart... not what you think and especially... not what others think.

stan
  • #317,216
  • Nov 1, 2010 9:38am Nov 1, 2010 9:38am
Quoting Mr Hatch
38807, we're not talking science fiction here

ah ok got ya thanks hatched haha. As long as we stay trading uner 1.3900 I am short hehe but yes I agree wth you
Know when to hold em, Know when to fold em!
  • #317,217
  • Nov 1, 2010 9:39am Nov 1, 2010 9:39am
Near term support comes at 1.3872 for EU.....
Attached Image (click to enlarge)
Click to Enlarge Name: eu1hr.gif Size: 42 KB
  • #317,218
  • Nov 1, 2010 9:39am Nov 1, 2010 9:39am
Quoting goods
LOL I dont understand you tonyo. You say one post 1.440x another you say 1.37x.

lol which is it, are you bull or bear.
Lol both. You must have missed it in all of the previous drama. 3760 first target, buy order pending at 3660 but may manually trigger at or around 3750 ish depending. targrt for that 4400. Then in the 4450ish area short with a target of 1.1800. I trade with weekly charts. Hope that cleared it up for ya. Anr I am currently short as seen in the chart I posted earlier from my FXCM account.
All that is left in FF is just plain garbage. "Cloggie"
  • #317,219
  • Nov 1, 2010 9:40am Nov 1, 2010 9:40am
I see 1 billion volume on small up bar (3pips)my interpretation is a lot of selling into the buyers .
the following down bars were average volume,didnt seem to take much effort to push down but took billions to push up few pips.
If my anticipation is correct we may head towards 1.3850.
making green pips large and red pips small this is my goal.
  • #317,220
  • Nov 1, 2010 9:42am Nov 1, 2010 9:42am
Quoting tonyo524
Lol both. You must have missed it in all of the previous drama. 3760 first target, buy order pending at 3660 but may manually trigger at or around 3750 ish depending. targrt for that 4400. Then in the 4450ish area short with a target of 1.1800. I trade with weekly charts. Hope that cleared it up for ya. Anr I am currently short as seen in the chart I posted earlier from my FXCM account.

Ah thanks for the clarification. How do you like fxcm? They are STP/ECN Correct? Any shady games with them or do you recommend them. I am looking for a new broker I am with fxdd. I am finding some price shading happening and feed spikes (brokerage stop hunts blamed on feed).

Thanks
Know when to hold em, Know when to fold em!
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