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EURUSD

  • #318,601
  • Nov 3, 2010 10:12am Nov 3, 2010 10:12am
Gold and silver are selling off big time...

Stocks as well !
It's all about your stomach lining...
  • #318,602
  • Nov 3, 2010 10:13am Nov 3, 2010 10:13am
lol good lord! people are making all these lofty calls for extreme targets ......i wouldnt be surprised if price stays in a 100-150 pip range.
  • #318,603
  • Nov 3, 2010 10:14am Nov 3, 2010 10:14am
i am expecting EU @ 3790 as a start
I SEE YOU !!
  • #318,604
  • Nov 3, 2010 10:14am Nov 3, 2010 10:14am
Quoting patmarch
Gold and silver are selling off big time...

Stocks as well !

yea i figured this would happen today
  • #318,605
  • Nov 3, 2010 10:15am Nov 3, 2010 10:15am
Done with all short from eurusd and audusd...enough for today...
Cya tomorrow for london...or on monday!

Enjoy the fed statement
COT: The precious data ignored
  • #318,606
  • Nov 3, 2010 10:16am Nov 3, 2010 10:16am
usdx start taking pricing in all good news before fund rate , breaking tl & eu down some more this time.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #318,607
  • Nov 3, 2010 10:16am Nov 3, 2010 10:16am
a walkdown before the inevitable bullish movement.
  • #318,608
  • Nov 3, 2010 10:16am Nov 3, 2010 10:16am
Quoting Mr Hatch
I have a bullish alpha-target at around 4540-4580...no diamonds any more.
Beware of triangle breach fake-outs ... Especially before big news event. I don't think TL and patterns on H4 & above have any meaning for the next hours. Crossing fingers hoping you are right and having tight stops may be the best strategy ...

If a big up move is to follow, I wonder why big money players moved the price at this level since several days. They should be chasing downside before a big push upward. This may just be anticipation. Or they're chasing stops up side before pushing down ... Anyone knows ?
Don't just be a sheep : make your own idea of it.
  • #318,609
  • Nov 3, 2010 10:19am Nov 3, 2010 10:19am
Hey guys. I am back. I havent opened anything and all trades closed due to ADP but even if I hadnt closed the trades I still wouldnt have had anything more to say except that markets are basically stalling and waiting for FOMC announcement.
  • #318,610
  • Nov 3, 2010 10:20am Nov 3, 2010 10:20am
Quoting mfoste1
lol good lord! people are making all these lofty calls for extreme targets ......i wouldnt be surprised if price stays in a 100-150 pip range.
1 minute pippin..... yeehawww!! lol
  • #318,611
  • Nov 3, 2010 10:21am Nov 3, 2010 10:21am
Quoting ranger_lp
a walkdown before the inevitable bullish movement.
Inevitable? Says who? If their is one thing that is certain in the market it's that nothing is ever certain. Ever.
  • #318,612
  • Nov 3, 2010 10:21am Nov 3, 2010 10:21am
Quoting kassec
Beware of triangle breach fake-outs ... Especially before big news event. I don't think TL and patterns on H4 & above have any meaning for the next hours. Crossing fingers hoping you are right and having tight stops may be the best strategy ...

If a big up move is to follow, I wonder why big money players moved the price at this level since several days. They should be chasing downside before a big push upward. This may just be anticipation. Or they're chasing stops up side before pushing down ... Anyone knows ?
you can also spot this formation on daily. i'm not taking this target (45xx, which I first spotted in august, but thought... meh) into consideration for today or tomorrow, but depending on tonight, well... we saw 300 pip moves before, so friday to monday is my estimate. i have bearish alpha-targets as well, but we are just too far away and the conditions suck.
  • #318,613
  • Nov 3, 2010 10:22am Nov 3, 2010 10:22am
Thanks the analysis and the link, Beljevina.
  • #318,614
  • Nov 3, 2010 10:24am Nov 3, 2010 10:24am
Close my shorts, and for the first time in a year I couldn't get my order filled inmediatly...lost 5 pips trying to close my positio...not a good signal.
I'm off for the day, but will be watching though.
For bears, price just broke grey ascending TL and atm it's being retested.
Got no bias for today, I think this QE2 situation is pretty much alike the european stress test bank because we don't have any solid argument to build a position, the only thing we know is that it's gonna shake the market.
This is my humble opinion, I'll just take care of my money.
Good luck fellow traders!!
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  • #318,615
  • Nov 3, 2010 10:24am Nov 3, 2010 10:24am
usually how you guys react upon news release?

wait 10 - 15 mins after release then open position or anticipate what it might be.

or hedge with the wrong direct position closed after a clear direction ?
400 pips remaining.
  • #318,616
  • Nov 3, 2010 10:25am Nov 3, 2010 10:25am
Quoting mfoste1
lol good lord! people are making all these lofty calls for extreme targets ......i wouldnt be surprised if price stays in a 100-150 pip range.
EUR bullishness is at very extreme points. Even when we are in a thrust up, I can imagine that we get a truncated wave 5 or a failed wave 5.

This long Euro short USD trade is too one sided.....
  • #318,617
  • Nov 3, 2010 10:27am Nov 3, 2010 10:27am
Quoting DMA Trader
gold !!!
What's your take on it? Dollar strength expected??? And smaller than expected QE2?
  • #318,618
  • Nov 3, 2010 10:27am Nov 3, 2010 10:27am
Quoting kassec
Beware of triangle breach fake-outs ... Especially before big news event. I don't think TL and patterns on H4 & above have any meaning for the next hours. Crossing fingers hoping you are right and having tight stops may be the best strategy ...

If a big up move is to follow, I wonder why big money players moved the price at this level since several days. They should be chasing downside before a big push upward. This may just be anticipation. Or they're chasing stops up side before pushing down ... Anyone knows ?
Or maybe they pushed the price up, and before news they are not doing it so that you think that they'll sell big time...and instead they can get filled their long orders with yous shorts and kick price up further more...
Speculations...we could talk for hours.
Good point though
  • #318,619
  • Nov 3, 2010 10:28am Nov 3, 2010 10:28am
We had a bit of a yooro play on the Cable thread which had some lovely participation for a chance.

It took about 3 hours to play out but we got there in the end.

Quoting cloggie
Next target 4007, why? See yesterday's posts and it is the top of the bottom box.
This one is for the 1 pip traders.....
  • #318,620
  • Nov 3, 2010 10:29am Nov 3, 2010 10:29am
Quote
Inevitable? Says who? If their is one thing that is certain in the market it's that nothing is ever certain. Ever.

QE2 will happen and it will be > or = to 1 Trillion. That is my opinion. Our country wants a weaker dollar in the face of China. That's why it's inevitable.
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