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  • #330,481
  • Nov 22, 2010 12:57pm Nov 22, 2010 12:57pm
it may take a while...

here's a chart to illustrate what i'm saying - previous move up. i got candles colored by the balance between ask and bid volume: green candles = buying, red candles = selling.

i think it's quite obvious, isn't it. tight buying on dips (see groups of green candles indicated by arrows), large selling while uptrending (see groups of red candles). that's what is really happening during a trend.

as for now, we see buying into an impulsive move down, but doesn't look like a "buy the dips" action... so this seems like a good candidate for a downtrend. i would sell into all rallies from now on ...

Quoting goods
I see what you are saying so waiting till bid/offer increases during this accumulation.
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Nihil Sine Deo.
  • #330,482
  • Nov 22, 2010 12:59pm Nov 22, 2010 12:59pm
Just waiting it go up 3599 to 3603 to retake short with tp 3529 & 3464 , sl 3922 & go for the day .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #330,483
  • Nov 22, 2010 1:03pm Nov 22, 2010 1:03pm
Quoting Scrat
it may take a while...

here's a chart to illustrate what i'm saying - previous move up. i got candles colored by the balance between ask and bid volume: green candles = buying, red candles = selling.

i think it's quite obvious, isn't it. tight buying on dips (see groups of green candles indicated by arrows), large selling while uptrending (see groups of red candles). that's what is really happening during a trend.

as for now, we see buying into an impulsive move down, but doesn't look like a "buy the dips" action... so this seems like a good...
Ah man thank you so much. Is it possible you can post the indicator(s) Perhaps this visual on the indicators will help me better realize.
Know when to hold em, Know when to fold em!
  • #330,484
  • Nov 22, 2010 1:05pm Nov 22, 2010 1:05pm
Quoting goods
Ah man thank you so much. Is it possible you can post the indicator(s) Perhaps this visual on the indicators will help me better realize.

That would be about as useful to your MT4 as a chocolate teacup.
  • #330,485
  • Nov 22, 2010 1:05pm Nov 22, 2010 1:05pm
choppy day of the e/u - i expect that it goes to at least 1.3500 in the next days
Pecunia non olet
  • #330,486
  • Nov 22, 2010 1:06pm Nov 22, 2010 1:06pm
Quoting Mr Hatch
take care of the irish statement in 15 mins.
http://www.forexlive.com/148103/all/...at-top-of-hour

i'll stay flat til then.

Dead man walking.
  • #330,487
  • Nov 22, 2010 1:07pm Nov 22, 2010 1:07pm
at the moment es took of from s nice support zone heading on up eu should follow to about the 3658 3673 pivot
  • #330,488
  • Nov 22, 2010 1:07pm Nov 22, 2010 1:07pm
Quoting cloggie
Dead man walking.
yes, obviously. but it sucks going short at 3590 in order to see a rally first up to 3630 or ema55 on m5...

short 3600.

irish statement live: http://www.rte.ie/live/
  • #330,489
  • Nov 22, 2010 1:08pm Nov 22, 2010 1:08pm
Quoting cloggie
That would be about as useful to your MT4 as a chocolate teacup.

Just trying to better myself in this area from people who I can possibly learn from.
Know when to hold em, Know when to fold em!
  • #330,490
  • Nov 22, 2010 1:09pm Nov 22, 2010 1:09pm
Quoting wm-eu
choppy day of the e/u - i expect that it goes to at least 1.3500 in the next days
it has been trendy..imo may be lower tf but higher tf very trendy
  • #330,491
  • Nov 22, 2010 1:10pm Nov 22, 2010 1:10pm
TORONTO, NOv 22 (IFR) - Potash Corporation of Saskatchewan (Baa1/BBBH/A-) has now officially launched its new USD 1.0 bln issue of 7 and 20 year senior unsecured notes, at final guidance of, respectively, +122 for the 7 yr (maturing 12/1/17) and +152 for the 30yr (12/1/40). That is t he tight end of initial guidance in the area of +125 +/-3 bp and +155 +/- 3 bp. Settlement will be 11/30. Pricing later today. USD 500 mln in each tranche. BAML, GS, MS active books, BNS, RBCCM passive books. UOP: GCP including common share buyback (previously announced 2.0 bln buyback). [email protected]
Know when to hold em, Know when to fold em!
  • #330,492
  • Nov 22, 2010 1:11pm Nov 22, 2010 1:11pm
Quoting goods
Just trying to better myself in this area from people who I can possibly learn from.

Look again, he doesn't use MT4, his indies are gobbldycook to you
  • #330,493
  • Nov 22, 2010 1:11pm Nov 22, 2010 1:11pm
Quoting fontu
Just waiting it go up 3599 to 3603 to retake short with tp 3529 & 3464 , sl 3922 & go for the day .
fontu
3605 now..price ready for you now..
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #330,494
  • Nov 22, 2010 1:12pm Nov 22, 2010 1:12pm
Quoting aiyoyo
3605 now..price ready for you now..
i sold 3605 , 3555 target
Hero calls followed by margin calls...
  • #330,495
  • Nov 22, 2010 1:14pm Nov 22, 2010 1:14pm
Quoting Mr Hatch
yes, obviously. but it sucks going short at 3590 in order to see a rally first up to 3630 or ema55 on m5...

short 3600.

irish statement live: http://www.rte.ie/live/
how relevant is the 55ema ??? any info?
  • #330,496
  • Nov 22, 2010 1:15pm Nov 22, 2010 1:15pm
Quoting Mr Hatch
yes, obviously. but it sucks going short at 3590 in order to see a rally first up to 3630 or ema55 on m5...

short 3600.

irish statement live: http://www.rte.ie/live/
how relevant is the 55ema...the big dogs usually use this ?? any info
  • #330,497
  • Nov 22, 2010 1:15pm Nov 22, 2010 1:15pm
Quoting aiyoyo
3605 now..price ready for you now..
Thanks , took it , done set ups ( sl instead placed 3626 ) & go for the day .
best wishes to you & all .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #330,498
  • Nov 22, 2010 1:15pm Nov 22, 2010 1:15pm
Quoting psiholog
December 2008 was the craziest month this pair has ever seen. I remember being so happy when November ended and my 2000 pip gain scalping all day long every day then December came....lost my entire account with crazy pa all day every day...NY close or not. That month truly defied all logic even though when looking back now it "appears" as a smooth bull uptrend. Spreads were as high as 40pips....truly insanity. Then there was a few months ago when USD/JPY went from 85 straight down.....for about 2 weeks there pa on Eur/USD went crazily higher only...
Yes, I remember Dec 2008. Burned my first real FX account that month after successful 7 month win streak. Been there, got t-shirt, hopefully never again.
  • #330,499
  • Nov 22, 2010 1:17pm Nov 22, 2010 1:17pm
Cowen staying, fundies and techies pulling in the same direction for a while here, could be a half decent bottom for the smelly finger wannabees.

I wouldn't short this yet, let the exuberance play out first. Scalp a little long, see where she takes it.
  • #330,500
  • Nov 22, 2010 1:17pm Nov 22, 2010 1:17pm
Quoting Pipwanderer
how relevant is the 55ema ??? any info?
traders will use it for intra day direction.

like... they won't sell if price is above it and won't buy if price is below it.

i'd suggest daily pivots.

stan
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