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  • #337,021
  • Dec 1, 2010 12:39pm Dec 1, 2010 12:39pm
whats are you experts thinking now please?

will this come down further? or is it heading back up?
  • #337,022
  • Dec 1, 2010 12:39pm Dec 1, 2010 12:39pm
Quoting The Fool
I just said he reminded me of acumen, that's all - so I guess he was?

Is?
what you make of the market fool?
Look Sharp/Trade Tight
  • #337,023
  • Dec 1, 2010 12:40pm Dec 1, 2010 12:40pm
17 pip gap should be closed very soon
  • #337,024
  • Dec 1, 2010 12:40pm Dec 1, 2010 12:40pm
Quoting cloggie
That is exactly the whole point, breakouts of ranges/support zones after a failed test to the opposite side are exactly the kind of setups you are looking for. The fact that the IMF bailout rumour helped in exacerbating the resultant move is just a bonus, who cares. Did I expect a 50+ pip bar on the M5, of course not, am I complaining? Why would I, you always get the largest moves when the technicals and fundamentals are pulling in the same direction.
Ok, thanks. I have read your posts and you certainly seem very knowledgable.

So, forgive me if I'm asking a stupid question but here goes.

The EUR was up early today and then pulled back (in line with my expectations, at least, given the month-long downtrend). Your chart showed the break of the intraday uptrend at around 3pm GMT.

So, my question is, why is this break of the short-term uptrend to resume the downtrend a "fakeout" ?

Thanks
  • #337,025
  • Dec 1, 2010 12:41pm Dec 1, 2010 12:41pm
Quoting gstrange
Ok, thanks. I have read your posts and you certainly seem very knowledgable.

So, forgive me if I'm asking a stupid question but here goes.

The EUR was up early today and then pulled back (in line with my expectations, at least, given the month-long downtrend). Your chart showed the break of the intraday uptrend at around 3pm GMT.

So, my question is, why is this break of the short-term uptrend to resume the downtrend a "fakeout" ?

Thanks

The fakeouts are the tests of the support zones, not the trend itself
  • #337,026
  • Dec 1, 2010 12:41pm Dec 1, 2010 12:41pm
validated , break ,pullback & need action , failure repeated attempt to join the flop list . waiting for some time to see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #337,027
  • Dec 1, 2010 12:43pm Dec 1, 2010 12:43pm
Quoting Ulterior
17 pip gap should be closed very soon

Häääää ?

Wattn GAP ?

There is none ... he he ^^
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #337,028
  • Dec 1, 2010 12:43pm Dec 1, 2010 12:43pm
Quoting mikej2010
Sorry, I mistyped, I meant they announced they would not be, and then I said we are still essentially bailing out Europe because we are the main contributor to the IMF.

I don't think we are contributing to the IMF because we want to change the way the international monetary programs work.

it was in the WSJ that they said a source claimed that there would be no contributions.

But if we don't get China to 'go with the flow', I can see the U.S. contributing in the next few years again in the big term as these European loans are just pushing off...
yes.. call your senators.. take the world off the u.s. welfare program.

you do this and all the little stuff in the u.s. news will be paid. with room for a disney vacation.

http://www.senate.gov/general/contac...nators_cfm.cfm
those who can, do. those who cant, talk about those who can
  • #337,029
  • Dec 1, 2010 12:44pm Dec 1, 2010 12:44pm
Quoting Ulterior
17 pip gap should be closed very soon

I have no gap anywhere today.
  • #337,030
  • Dec 1, 2010 12:45pm Dec 1, 2010 12:45pm
Quoting mercy seat
Häääää ?

Wattn GAP ?

There is none ... he he ^^
here
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  • #337,031
  • Dec 1, 2010 12:46pm Dec 1, 2010 12:46pm
Quoting gatorinla
yes.. call your senators.. take the world off the u.s. welfare program.

you do this and all the little stuff in the u.s. news will be paid. with room for a disney vacation.

http://www.senate.gov/general/contac...nators_cfm.cfm
looks like it was a rumor... official denies


UPDATE at 18:31: Reuters: US Treasury official says not discussion extra commitment to IMF for Europe stability fund now.
  • #337,032
  • Dec 1, 2010 12:46pm Dec 1, 2010 12:46pm
Quoting cloggie
The fakeouts are the tests of the support zones, not the trend itself
ok, last question, I promise.

I asuume then that the fakeout was the supposed breach of support around 16.00 GMT I guess).

In which case, what was this support line based on?

Thanks again. And now I'm done
  • #337,033
  • Dec 1, 2010 12:46pm Dec 1, 2010 12:46pm
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making green pips large and red pips small this is my goal.
  • #337,034
  • Dec 1, 2010 12:48pm Dec 1, 2010 12:48pm
Quoting red2010
whats are you experts thinking now please?

will this come down further? or is it heading back up?
You need to look at the world as a place which someone is designing to get under control.

Slow monetary collapse. Slow, not quick. Remember.

Usa is first because it has monetary back up for all countries. Dollar was back up currency for almost every country. If you wanna gradual and slow meltdown - undermine dollar.
  • #337,035
  • Dec 1, 2010 12:48pm Dec 1, 2010 12:48pm
There may be another spike soon by looking the behaviour of the pair.

Does not give clear hint which way, yet.

I would look upside.
They think they are smarter than I am.
  • #337,036
  • Dec 1, 2010 12:49pm Dec 1, 2010 12:49pm
Quoting gstrange
ok, last question, I promise.

I asuume then that the fakeout was the supposed breach of support around 16.00 GMT I guess).

In which case, what was this support line based on?

Thanks again. And now I'm done

Go back over the 20 or so charts I posted today in reference to support zones and fakeouts, they are pretty clear.
  • #337,037
  • Dec 1, 2010 12:51pm Dec 1, 2010 12:51pm
I would like to touch the 125 to test to confirm the move down... Im glad that i got those 20 pips on a sell.

Tomorrow will be for me loss hunting- sadly.
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  • #337,038
  • Dec 1, 2010 12:52pm Dec 1, 2010 12:52pm
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  • #337,039
  • Dec 1, 2010 12:53pm Dec 1, 2010 12:53pm
Cloggie thanks for the charts..
  • #337,040
  • Dec 1, 2010 12:57pm Dec 1, 2010 12:57pm
Quoting Ulterior
here

Okay min jong ... this is not a GAP ... this phenomenon is just the fact ... that the SPIKE caused by some news and caused by some orders triggered from nervous peoples there ... has not been confirmed with a secondary test to the upside ...

It just failed there to go on further ... that's all ...

Weakness occurred again ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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