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  • #330,321
  • Nov 22, 2010 10:04am Nov 22, 2010 10:04am
Quoting pawpaw1000
Don't see tricky getting too much of a reaction here. I assume he would also be trying to calm the markets...

About picking bottoms, I see this as buying the dip as 1.38 will be tested again and this seems a great place to get in... Will put s/l to be when we get to the 50% Fibonacci...

Fundamentally, Ireland is not as sorted as one would think as the Green party is now threatening to pull out of the coalition, forcing a fall of the government and new elections, this may put a spanner in the works. 10-yr T still dropping and has not found a bottom, neither have equities. You missed the earlier change to take some small longs of the London bottom, NY is now trying to find its own bottom.
  • #330,322
  • Nov 22, 2010 10:04am Nov 22, 2010 10:04am
Ah gave back 20 pips... Shouldn't call the bottom...
  • #330,323
  • Nov 22, 2010 10:06am Nov 22, 2010 10:06am
Quoting cloggie
Not something I would have done 5 minutes before Tricky-T opens his gob.
Anyone have a link where we can watch & listen to him flap his gums?
  • #330,324
  • Nov 22, 2010 10:06am Nov 22, 2010 10:06am
Quoting Fudomyo
real world. real calls. no need to snipe.

http://www.forexfactory.com/showthre...93#post4185193
http://www.forexfactory.com/showpost...stcount=264774
http://www.forexfactory.com/showpost...stcount=330055

GU today was damm bloody simple too actually...mm..

Up n then down....
  • #330,325
  • Nov 22, 2010 10:08am Nov 22, 2010 10:08am
Quoting grashid
http://www.forexfactory.com/showpost...stcount=330055

GU today was damm bloody simple actually...mm..

Up n then down....
lol... yes

you have to love it.
  • #330,326
  • Nov 22, 2010 10:08am Nov 22, 2010 10:08am
Quoting blindkick
short on 1.3623

close at 1.3600

its done for this day....thanks Tarantula for the PA system....i've got that pips from your lesson....yehaaa.....
  • #330,327
  • Nov 22, 2010 10:08am Nov 22, 2010 10:08am
Quoting Fudomyo
lol... yes
as usual....

Attached Image (click to enlarge)
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  • #330,328
  • Nov 22, 2010 10:13am Nov 22, 2010 10:13am
Quoting Vladimir1987
Ah gave back 20 pips... Shouldn't call the bottom...

I don't think there is anything wrong with trying to buy at a support

Just closed my shorts and bought some , will add at 1.3577 and close if support doesn't hold

after that might target 1.345
Mind over matter..I don't mind and you don't matter.
  • #330,329
  • Nov 22, 2010 10:16am Nov 22, 2010 10:16am
Quoting cloggie
Fundamentally, Ireland is not as sorted as one would think as the Green party is now threatening to pull out of the coalition, forcing a fall of the government and new elections, this may put a spanner in the works. 10-yr T still dropping and has not found a bottom, neither have equities. You missed the earlier change to take some small longs of the London bottom, NY is now trying to find its own bottom.
Thanks cloggs...

I was seeing it this way: got a london low, fugured ny would have another go at it and I would then get a good entry! Must say, not trading full-time does impact on ones ability to stay with the market... Am trading off 30min and higher and still see us going to 1.38 again. I have to have larger stops and smaller rr but that's part of it

Thanks for the help though! Always appreciated!
@pawpaw1000 on Twitter
  • #330,330
  • Nov 22, 2010 10:16am Nov 22, 2010 10:16am
Quoting JuliusCeasar
I don't think there is anything wrong with trying to buy at a support

Just closed my shorts and bought some , will add at 1.3577 and close if support doesn't hold

after that might target 1.345
you can take a look at US Dollar Chart ... take care
  • #330,331
  • Nov 22, 2010 10:17am Nov 22, 2010 10:17am
No mate. I wasn't calling a bottom but an area of intraday S. I just closed the first 1/2 in that level as I pointed out before. I haven't change my mind since my 1st post this morning. If you read my previous posts you can see my view well in advance in the morning.

Chart update

sisse

Quoting druckenmillr
you may get a bounce but i simply don't understand the need for bottom picking.

stan

Quoting sisse
From a TA perspective, I see things a little bit different. In simple words, daily is making LH and LL so as soon as intraday aligns also to LL and LH (H4) the downtrend will continue and with lots of momentum, otherwise at least test of highs. This is the chart supporting my post.

We'll see & Good luck

sisse
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Pending conversations? PM for a chat...I am mainly in OTM now
  • #330,332
  • Nov 22, 2010 10:20am Nov 22, 2010 10:20am
Quoting pawpaw1000
Thanks cloggs...

I was seeing it this way: got a london low, fugured ny would have another go at it and I would then get a good entry! Must say, not trading full-time does impact on ones ability to stay with the market... Am trading off 30min and higher and still see us going to 1.38 again. I have to have larger stops and smaller rr but that's part of it

Thanks for the help though! Always appreciated!
NY found a little area for a bounce, not convinced it is going to have legs though. I'd rather wait for the bounces and retraces to end and sell the rallies instead.
  • #330,333
  • Nov 22, 2010 10:21am Nov 22, 2010 10:21am
Quoting grashid
as usual....

if gold don't make 1365 soon.. your looking at 1197
those who can, do. those who cant, talk about those who can
  • #330,334
  • Nov 22, 2010 10:22am Nov 22, 2010 10:22am
Quoting gatorinla
if gold don't make 1365 soon.. your looking at 1197

I hope not, we'll have Sky here for a month telling us to buy it at each and every green M5 candle.

1330 will be the key to the bottom.
  • #330,335
  • Nov 22, 2010 10:22am Nov 22, 2010 10:22am
Quoting sisse
No mate. I wasn't calling a bottom but an area of intraday S. I just closed the first 1/2 in that level as I pointed out before. I haven't change my mind since my 1st post this morning. If you read my previous posts you can see my view well in advance in the morning.

Chart update

sisse
i am. 0
those who can, do. those who cant, talk about those who can
  • #330,336
  • Nov 22, 2010 10:23am Nov 22, 2010 10:23am
Quoting blindkick
close at 1.3600

its done for this day....thanks Tarantula for the PA system....i've got that pips from your lesson....yehaaa.....
Where did Tarantula gave this lesson? Seems to me I missed it -
  • #330,337
  • Nov 22, 2010 10:23am Nov 22, 2010 10:23am
600 psych lvl now...
Hero calls followed by margin calls...
  • #330,338
  • Nov 22, 2010 10:23am Nov 22, 2010 10:23am
At the risk of repeating myself, if you're looking to build your understanding of the equity-fx-commodities markets worldwide, these guys summarize it very well. A daily visit to their seekingalpha.com page is good to make sure you're in sync with the market sentiment. The video was just produced, and is 24 minutes long. Enjoy.

Video: Forex and Equity Ball and Chain - video review for (Asia/London) Nov 22

Text: The LFB - Forex and Equity Ball and Chain

European equity markets crashed back to reality, after making an initial gap higher on the news of the fiscal support package that uses Euro-zone and International Monetary Fund cash to help bridge the shortfalls in the Irish economy.

The initial euphoria last week in the value of stocks, and by default Eur/Usd, as the plan was put together seemed to reveal speculative and plunge-protection team interest than anything else, as the market participants charged with moving stocks higher found an excuse to ramp equity markets into a year-end move. The initial moves last week were added to when the Sunday night confirmation came that the Irish government had officially asked for and accepted fiscal aid.

The fact that equities and the dollar index are running at a 95% 12-month inverse correlation allowed the strong move higher in stocks to aid a run-up in Eur/Usd (which makes up close to 60% of the dollar index). The impediment to both moves initially holding were that the German Dax and S/P 500 futures trade are testing yearly highs, but doing so on very thin participation levels. Added to that was that Eur/Usd hit a major resistance point at 1.3750.

It seems as though it is equities direction driving the Usd at this time, and not the other way around, which is confirmed by the fact that global commodity markets have not made subsequent moves higher in-line with a falling dollar. The bubble in global commodities popped after the announcement of the Federal Reserve quantitative easing program, and although still holding 30-40% gains in soft commodities and 15-20% gains in hard commodities the speculative interest is yet to get back on the short-dollar train.

The 4-hour chart reads on the major pairs are still showing a long-dollar bias, that although weak is still in play each day that equity buyers do not show up, with momentum reads that show historically low participation levels leading to sporadic price action plays.

The sideways moves have drawn in the Daily chart simple moving average areas on most pairs, and they are technical areas that may just start to generate sustainable price action moves. The first session of the week has pairs back to their opening prices, in-line with the mantra of bank early and bank often.

  • #330,339
  • Nov 22, 2010 10:24am Nov 22, 2010 10:24am
Quoting gatorinla
if gold don't make 1365 soon.. your looking at 1197
http://www.forexfactory.com/showpost...&postcount=369

otherwise am looking at 1387 area
  • #330,340
  • Nov 22, 2010 10:25am Nov 22, 2010 10:25am
Quoting pawpaw1000
Thanks cloggs...

I was seeing it this way: got a london low, fugured ny would have another go at it and I would then get a good entry! Must say, not trading full-time does impact on ones ability to stay with the market... Am trading off 30min and higher and still see us going to 1.38 again. I have to have larger stops and smaller rr but that's part of it

Thanks for the help though! Always appreciated!

IF es recovers above 1191 and 3611 holds convincingly you may have a bottom with a bit more legs forming here.
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