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  • #329,181
  • Nov 19, 2010 9:10am Nov 19, 2010 9:10am
Quoting Z3iz3i
I don't know about monthly support, most likely not but its really defended.

If NY stock market recover, it may hold.

oh u are day trader i assume, well 10-15 pips is enough for bouncing
  • #329,182
  • Nov 19, 2010 9:10am Nov 19, 2010 9:10am
closed short.
don't want to be too greedy.
May bounce from TL.
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  • #329,183
  • Nov 19, 2010 9:12am Nov 19, 2010 9:12am
Quoting SamEnglish
Hey man, what's wrong with you?

dont worry i took care of it....
  • #329,184
  • Nov 19, 2010 9:13am Nov 19, 2010 9:13am
Quoting Merry
Nogmaals bedankt !

















lol het word nooit wat tussen ons.
ik ben een bull en jij bent een bear.
  • #329,185
  • Nov 19, 2010 9:14am Nov 19, 2010 9:14am
Quoting mfoste1
dont worry i took care of it....
He is dead now?!?
  • #329,186
  • Edited 9:26am Nov 19, 2010 9:16am | Edited 9:26am
Quoting Villonius
Hi Kuroro001

I liked your chart a few pages back and good observations.I have few comments feel free to shoot them down in flames if you disagree.

1st Doji on high volume after an upmove = get out of dodge
What is happening here ? Early buyers offloading to late buyers next candle is pretty similar.So after that who is going to buy from them especially after seeing indecision after a decent move up ? So naturally price falls, notice steadily decreasing volume.No surprise price takes off to the upside when it hits the previous resistance....
Nah i do not flame people...and especially not when its about an analysis!

So yes first doji on high vol i went out of my trade ( i even shorted it..but i shouldn't have).

So yes history repeats itself there but the difference is the volume on the downside right now.
It hits a demand area.. so you think it might go up ?

I really suspect it to go up tonight on on monday morning without any vol...then London bring it down hard.
Just a supposition though, we will see.

Thanks
COT: The precious data ignored
  • #329,187
  • Nov 19, 2010 9:20am Nov 19, 2010 9:20am
Quoting longshot_nl
lol het word nooit wat tussen ons.
ik ben een bull en jij bent een bear.

Even a bull & a bear can also be close friends !


Attached Image
  • #329,188
  • Nov 19, 2010 9:20am Nov 19, 2010 9:20am
Quoting disegnosys
LOL, Been there done that. How about giving back a whole weeks pips on a friday but not this time. I'm keeping them this week.

Not to mention i did the same with gbpusd lol
Sad friday...but i did a good week in the green so i won't complain...learn from this mistake and be back on monday for more green pips.
The week is over for me, if i take a trade now i will lose for sure

the pair ain't respecting classic support/resistance area...no point trading on friday...it must be the addiction that keeps me in front on my computer on friday even though i know its gonna be a bad day lol
COT: The precious data ignored
  • #329,189
  • Nov 19, 2010 9:25am Nov 19, 2010 9:25am
Quoting Jay Walker
Heyoh Mofos!

What's shaking?
4 cheeks and 2 chins !!
hang on to your bread......unless you want toast
  • #329,190
  • Nov 19, 2010 9:28am Nov 19, 2010 9:28am
Quoting kuroro001
Not to mention i did the same with gbpusd lol
Sad friday...but i did a good week in the green so i won't complain...learn from this mistake and be back on monday for more green pips.
The week is over for me, if i take a trade now i will lose for sure

the pair ain't respecting classic support/resistance area...no point trading on friday...it must be the addiction that keeps me in front on my computer on friday even though i know its gonna be a bad day lol

Profit-taking aside, why are Fridays so odd?
  • #329,191
  • Nov 19, 2010 9:31am Nov 19, 2010 9:31am
Quoting kuroro001
So yes history repeats itself there but the difference is the volume on the downside right now.
It hits a demand area.. so you think it might go up ?

I really suspect it to go up tonight on on monday morning without any vol...then London bring it down hard.
Just a supposition though, we will see.

Thanks
Yes now in a demand level BUT.. late Friday afternoon in London may not be enough ummphh left ! Also I can't see people wanting to risk getting trapped wrongside with weekend coming... and they'd be buying right back into that supply level .. although of course eventually supply gonna be gone then straight through it.

Also I think Dr Lobo pointed out this looks like A correction after 5th wave up so typically you might expect a bounce but not higher than 1.3730 then another move B down.

Then it's just a question of whether C is impulsive or corrective that will tell you which way this is gonna go.

If you look at what happened after the last big drop you'll see a period of consolidation lasting around a couple of weeks.I wouldn't be surprised to see something similar unless some majorly back Euro News arrives.

Cheers

V
  • #329,192
  • Nov 19, 2010 9:31am Nov 19, 2010 9:31am
alright, closed my shorts from 3724, as long as uc is held down, this is going nowhere.

have a nice weekend.
  • #329,193
  • Nov 19, 2010 9:31am Nov 19, 2010 9:31am
One of the bigger Irish banks, Allied Irish, issued an update to shareholders today and it is not pretty reading.

Deposits at AIB fall by €13 billion

Related

 

  1. IMF/EU teams continuing talks with Government | 19/11/2010
  2. Spain's banks may avoid new mergers | 19/11/2010
  3. Irish bonds rise as talks begin | 19/11/2010
  4. Germany drafts permanent crisis plan | 19/11/2010
  5. Gormley urges no 'alarm' over IMF talks | 19/11/2010
  6. Markets 'overreacting' to euro zone risk | 19/11/2010
  7. IMF head says debt crisis 'not over' | 19/11/2010

External

 

  1. AIB

The Irish Times takes no responsibility for the content
or availability of other websites

CIARA O'BRIEN
AIB said customer deposits at the bank have fallen by about €13 billion from the beginning of the year.
In a trading update issued this afternoon, the bank said lower institutional and corporate balances were primarily the cause of the decline, affected by adverse international sentiment towards the Irish sovereign and banking sector. Deposits are the largest source for AIB's funding, accounting for 50 per cent of its overall funding at the end of September.
Loan volumes, excluding the effect of transfers to Nama and reclassifications, fell by about 6 per cent in the nine months to the end of September. However, AIB said gross customer loans were broadly stable over the period despite weak demand.
Drawdown of new credit in the SME sector was low, the bank said, while domestic mortgage balances have not materially changed, despite an overall decline in the market.
Operating profit fell at the bank compared to a year earlier as business volumes fell, net interest margins were lower and the cost of the Government guarantee rose to about.€190 million. The figure excludes bad debt provisions, gains on capital exchange, interest rate hedge volatility and the loss on transfer of loans to Nama.
“Challenging economic and market conditions are reducing operating profits overall, and in each of our divisions, relative to the same period in 2009,” AIB said in a statement.
“Factors reducing our net interest margin this year include lower capital income, lower treasury income, lower income on loans pending transfer to Nama and higher wholesale funding costs.”
The bank has reduced staff numbers by about 600 since last year, and cut back on operating costs for the year.
“A lower cost base aligned with the bank’s reduced size is a key part of our plans to improve the future performance of the bank,” it said.

  • #329,194
  • Nov 19, 2010 9:39am Nov 19, 2010 9:39am
at this 5 min chart i think we get a very strong bull or bear at 1.3634. first strong support, but when we break this level a strong resistance.

how do you think about this graph?
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  • #329,195
  • Nov 19, 2010 9:39am Nov 19, 2010 9:39am
Quoting T@rantula
3630 is possible if the candle closes below 3668.
Big Bro,

Are u in this trade (still...).......what is ur TP..


Thx!!!!!!!!
  • #329,196
  • Nov 19, 2010 9:39am Nov 19, 2010 9:39am
possible descending triangle forming, am short again @ 1.366
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  • #329,197
  • Nov 19, 2010 9:43am Nov 19, 2010 9:43am
Quoting Delite
Profit-taking aside, why are Fridays so odd?
Enjoy the reading from Tarantula
http://www.forexfactory.com/showthre...AY#post4099931
COT: The precious data ignored
  • #329,198
  • Nov 19, 2010 9:44am Nov 19, 2010 9:44am
Quoting longshot_nl
possible descending triangle forming, am short again @ 1.366
SL hit, i am off for the weekend.
unpredictable because of people closing positions for the weekend.
have a nice weekend.!
  • #329,199
  • Nov 19, 2010 9:45am Nov 19, 2010 9:45am
Quoting kuroro001
Enjoy the reading from Tarantula
http://www.forexfactory.com/showthre...AY#post4099931

Brilliant! Going to print that out to stop me doing anything stupid after lunch on a Friday!

Have a great weekend one and all.
  • #329,200
  • Nov 19, 2010 9:45am Nov 19, 2010 9:45am
Quoting Delite
Profit-taking aside, why are Fridays so odd?
I have posted many times before...Check my posts.
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