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  • #326,061
  • Nov 15, 2010 8:40am Nov 15, 2010 8:40am
Quoting cloggie
So still eyes on 3640 for 3668.

We got eyewatering close to my 3668, the sellers are really protecting their side of the fence.
  • #326,062
  • Nov 15, 2010 8:40am Nov 15, 2010 8:40am
Quoting cloggie
[...] So still eyes on 3640 for 3668.
We got .66! wow
I shorted 6E @ .61 but unfortunately already scratched it. My mind's still in scalping mode.
  • #326,063
  • Nov 15, 2010 8:42am Nov 15, 2010 8:42am
I am no experts, I am a scralper. Currently, looking forward to PA breaking 1.36. After that I will short it heavily.

I do not know if it will reach there, if nothing or no big news go around, from my 30M chart, it should break.

Scralper.
  • #326,064
  • Nov 15, 2010 8:42am Nov 15, 2010 8:42am
[quote=Guitarfx;4173371]
Quoting Mr Hatch
That's a really useful remark though could do with some elaboration I would suggest.
yes, that remark is very useful, if you open your eyes when looking at MT4 a bit further in depth.

excuse me, but i am busy trading right now. just look at the import data function.
  • #326,065
  • Nov 15, 2010 8:47am Nov 15, 2010 8:47am
Quoting Mr Hatch
to add one more...

I think, it will break. ;-)

Bearish Cross In Short-Term Moving Averages
…in EUR/USD this morning. The 10-day average has dipped below the 21-day average. This may be a signal for some trend-following system to cut longs. Many models reset at 15:00 GMT, so this could influence price action in the near-term.
If you bought the bullish cross of the 10 and 21-day averages, you would have gotten long around the 1.29 area back in mid-September.
Trend following systems often give false starts and never pick tops and bottoms but when...
It's my opinion that trend following systems can be the 'safest' way to trade, of course if you have a high probability one.

Don't worry about the top, don't worry about the bottom. Jump in the middle and ride it till it ends.
  • #326,066
  • Nov 15, 2010 8:51am Nov 15, 2010 8:51am
Quoting Venice
It's my opinion that trend following systems can be the 'safest' way to trade, of course if you have a high probability one.

Don't worry about the top, don't worry about the bottom. Jump in the middle and ride it till it ends.
you need more capital to endure the possible drawdown than i have for such an approach.
  • #326,067
  • Nov 15, 2010 8:52am Nov 15, 2010 8:52am
I've been trying to research MA's crosses on a 4 hour timescale and if I'm right, we'll see 1.35 before 1.37...

Crossing fingers as I do have money on this
~Ody
  • #326,068
  • Nov 15, 2010 8:52am Nov 15, 2010 8:52am
I will look for another short below intraday TL
Attached Image (click to enlarge)
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  • #326,069
  • Nov 15, 2010 8:56am Nov 15, 2010 8:56am
The Greek deficit actually increased after they were bailed out, sure looking good for the yooro.....

http://www.bloomberg.com/news/2010-1...apandreou.html

The EU sure has its economy and members under control....

This is just QE on an even larger scale then in the US, the ECB continues to buy up its members debt and the members continue to spend like it is going out of fashion.

Couple that with the IMF taking care of part of the bailout and the US being responsible for 18% of the IMF's funds, the US indirectly is not only printing their own money, but have a large hand in the printing of euros too.

Print cartridges anyone?
  • #326,070
  • Nov 15, 2010 8:57am Nov 15, 2010 8:57am
Quoting fx111
Hi Tarantula, i'm always glad to see your chart analysis and read your trades, i see you are a good trader, and you trade PA i like PA myself so i would appreciate if you could answer some questions i posted here about S/R http://www.forexfactory.com/showthread.php?t=265453
Your questions have been answered.
  • #326,071
  • Nov 15, 2010 9:01am Nov 15, 2010 9:01am
Quoting PayTheLimit
Still short from friday(3725), sl 3685 now and tp 3535.....
My view remains the same. The market in the last hour made a good run at resistance but failed at the right places as far as I'm concerned. Support below at 3613/20 might not go easily, but if it does it will open the door for a test or 3593/94. In any event I'm staying short will check ya later, GL, PTL...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #326,072
  • Nov 15, 2010 9:03am Nov 15, 2010 9:03am
Quoting cloggie
The Greek deficit actually increased after they were bailed out, sure looking good for the yooro.....

http://www.bloomberg.com/news/2010-1...apandreou.html

The EU sure has its economy and members under control....

This is just QE on an even larger scale then in the US, the ECB continues to buy up its members debt and the members continue to spend like it is going out of fashion.

Couple that with the IMF taking care of part of the bailout and the US being responsible...
looking good, let's just pop it. but uj is very well protected around 83.00.
Attached Image (click to enlarge)
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  • #326,073
  • Nov 15, 2010 9:05am Nov 15, 2010 9:05am
Quoting Mr Hatch
looking good, let's just pop it. but uj is very well protected around 83.00.

EU is protected at 3614
  • #326,074
  • Nov 15, 2010 9:06am Nov 15, 2010 9:06am
Feuer Frei!!!
  • #326,075
  • Nov 15, 2010 9:06am Nov 15, 2010 9:06am
I see your point. But thats a fundamental technical mistake in your comments. The ECB doesn't have the mandate to PRINT Euros and the implication from a IMF loan doesn't affect M1 or M2 in monetary policy meaning that they are not correlated to inflation the way actually the QE2 is for the US.

In any case, I kind of agree in the implication behind of your comments.

sisse

Quoting cloggie
The Greek deficit actually increased after they were bailed out, sure looking good for the yooro.....

http://www.bloomberg.com/news/2010-1...apandreou.html

The EU sure has its economy and members under control....

This is just QE on an even larger scale then in the US, the ECB continues to buy up its members debt and the members continue to spend like it is going out of fashion.

Couple that with the IMF taking care of part of the bailout and the US being responsible for 18%...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #326,076
  • Nov 15, 2010 9:07am Nov 15, 2010 9:07am
Quoting Merry
Let's Fly to the Sky !

higher & higher !

It's been 4 hours, how is your windup rubberband aircraft coming along?
  • #326,077
  • Nov 15, 2010 9:08am Nov 15, 2010 9:08am
Quoting Barata
Feuer Frei!!!
BANG! BANG!
  • #326,078
  • Nov 15, 2010 9:08am Nov 15, 2010 9:08am
Quoting cloggie
EU is protected at 3614
i see that, but for how long? i will take a close look at pa when eu-sessions close. probably will have to close the short from 3665.
  • #326,079
  • Nov 15, 2010 9:09am Nov 15, 2010 9:09am
Quoting sisse
I see your point. But thats a fundamental technical mistake in your comments. The ECB doesn't have the mandate to PRINT Euros and the implication from a IMF loan doesn't affect M1 or M2 in monetary policy meaning that they are not correlated to inflation they way actually the QE2 is for the US.

In any case, I kind of agree in the implication behind of your comments.

sisse

I am fully aware of the ECB limitations as to the printing presses, just trying to make the current actions of the ECB and its members comparable to the US QE action.

That's why I used the term "It is just QE" and not "it is QE". Semantics really, however the net result as to yooro value is the same.

There was a huge discussion here over the weekend with some diehard dollar bears, but they overlook what is really happening in Europe.
  • #326,080
  • Nov 15, 2010 9:10am Nov 15, 2010 9:10am
Quoting Mr Hatch
i see that, but for how long? i will take a close look at pa when eu-sessions close. probably will have to close the short from 3665.

IT won't be for long, the sellers have been at it all day and the Bulls could not even touch 3668.

3614 going will see 3580
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