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  • #337,441
  • Dec 2, 2010 5:01am Dec 2, 2010 5:01am
Quoting sisse
If I may add. What you are saying is even clearer on H4. Yesterday we were talking about that in the thread. That large spike during London close (the wick hidden in your background) cleaned the stops in that area & opened the doors for a further push up, the one we saw this morning. That move down in my books was a textbook example of a fear move and stops there were from the very risky traders.

However, IMO a rejection back to that area in a more "normal" price action will trigger even a stronger move down (riskier and everybody else...lol...
So what is the market looking for. What would satisfy it in your view? PTL
Look Sharp/Trade Tight
  • #337,442
  • Dec 2, 2010 5:02am Dec 2, 2010 5:02am
That hourly inverted hammer is a danger for longs.
It needs a confirmation to short though...for sure i won't add longs at this stage.

Next H1 should tell us more.
Lets wait
COT: The precious data ignored
  • #337,443
  • Dec 2, 2010 5:02am Dec 2, 2010 5:02am
Quoting hindustani
well thats how children come
lol , merci
  • #337,444
  • Dec 2, 2010 5:04am Dec 2, 2010 5:04am
And here is the DX h1 with the HS pattern. It helps to keep a close eye ont his when trading the EU
Attached Image (click to enlarge)
Click to Enlarge Name: DX.gif Size: 9 KB
  • #337,445
  • Dec 2, 2010 5:04am Dec 2, 2010 5:04am
Quoting Mr Hatch
if i'd have to guess, i'd bet on on a kind of doji-like candle.
I'm guessing it doesn't get that high today. Its possible but thats quite the wild run, especially to make a doji that high.

Good luck........ gotta run
  • #337,446
  • Dec 2, 2010 5:05am Dec 2, 2010 5:05am
considering 1 hour and 4 hour the move up looks exhausted near 1.32

daily is still developing into an uptrend, so i should look to buy dips around 1.3125 or 1.3050 if it gets there
  • #337,447
  • Dec 2, 2010 5:08am Dec 2, 2010 5:08am
Quoting PayTheLimit
So what is the market looking for. What would satisfy it in your view? PTL
I wish I knew for sure what will satisfy investors around the world but IMO, ECB guarantying unconditional sovereign bond-buying program with German "acceptance" signature. The hardest part is not in the technical part but German political will to give up the 0 inflation tolerance policy since the euro was created.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #337,448
  • Dec 2, 2010 5:13am Dec 2, 2010 5:13am
Quoting PipChick
Price has reached the FE 78.6 to the pip. We may get a retracement to the FE 50 or 30 minute the 200 ema (yellow) before going back up to "D". Usually price will go after the h4 50 ema (which is "D" on the 30 min chart). At that point longs MAY reverse as there is bearish HD forming on the H4.But..being that the Inverse HS target is 3360, which is very close to the H4 50% its not impossible for the inverse target to be met.
In your chart you have the right shoulder lower than the left shoulder .. should'nt the right shoulder be higher in case of a inverse H&S ..
  • #337,449
  • Dec 2, 2010 5:15am Dec 2, 2010 5:15am
Hi Ram, its only 16 pips lower. No big deal. Now if it was 50 pips lower, it would be less reliable.
  • #337,450
  • Dec 2, 2010 5:16am Dec 2, 2010 5:16am
Bulls still need a close above 3195 to keep the move alive.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 19 KB
Look Sharp/Trade Tight
  • #337,451
  • Dec 2, 2010 5:17am Dec 2, 2010 5:17am
Quoting PipChick
Hi Ram, its only 16 pips lower. No big deal. Now if it was 50 pips lower, it would be less reliable.
Thanks ...
  • #337,452
  • Dec 2, 2010 5:17am Dec 2, 2010 5:17am
Quoting mercy seat
Gut gut ... yes ... in both pairs EU + GU we have had our dips already ... so no reason to wait for another one now ... in case you have missed the beloved A-Train early in the morning ...

So from intraday prospective ... as every day should have two major moves ... I would tend to say ... first up - then down ...

That is our parole for both pairs ...

Okay ... our beloved B-Train has left its station as well ... specially the 'Cable Train' ... we reversed it in mentioned zones ... we do not like to waste our time with this here ... we have got not much time for that here ... time is money ...

As mentioned before :

Should be capped soon ... 1.5639 - 1.5665 ... for a corrective move down towards 1.5581 - 1.5563 ...

Stops above 1.5688 - 1.5695 zone ...

Same we did in our beloved EU pair ... reverso at 1.3204 - 1.3209 and at 1.3215 ...

Partials unwinded here ... at 1.3183 ...

http://cdn.forexfactory.com/images/attach/png.gif 2010-12-02_11h54_ EURUSD _ 015min _ (800 x 600).PNG (19.6 KB)

http://cdn.forexfactory.com/images/attach/png.gif 2010-12-02_11h54_ GBPUSD _ 015min _ (800 x 600).PNG (20.3 KB)



Nothing more left to say ... hmm ... many many round-turns cashed already ... never hope and wish or dream around there ... blathering here costs money as well ...

I do not need that ...


;-)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-12-02_11h54_ EURUSD _ 015min _ (800 x 600).PNG Size: 20 KB
Click to Enlarge Name: 2010-12-02_11h54_ GBPUSD _ 015min _ (800 x 600).PNG Size: 20 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #337,453
  • Dec 2, 2010 5:19am Dec 2, 2010 5:19am
Quoting ramksanj
In your chart you have the right shoulder lower than the left shoulder .. should'nt the right shoulder be higher in case of a inverse H&S ..
Also, put a 5 ema on your h1 chart. If price closes below that on the hourly, we will prolly test the NL but as long as price stays above, look for "D" to be reached.
  • #337,454
  • Dec 2, 2010 5:20am Dec 2, 2010 5:20am
Quoting mercy seat
Okay ... our beloved B-Train has left its station as well ... specially the 'Cable Train' ... we reversed it in mentioned zones ... we do not like to waste our time with this here ... we have got not much time for that here ... time is money ...


;-)
I enjoy reading ur posts. ) and i tend to agree with ur analysis.
  • #337,455
  • Dec 2, 2010 5:23am Dec 2, 2010 5:23am
Its all about finding a good pattern, buying the dips, taking profits, then rinse and repeat until y our target is met. Vice versa on the short side.....find pattern, find target, sell failures and rinse and repeat until target is met.
  • #337,456
  • Dec 2, 2010 5:24am Dec 2, 2010 5:24am
Quoting sisse
I wish I knew for sure what will satisfy investors around the world but IMO, ECB guarantying unconditional sovereign bond-buying program with German "acceptance" signature. The hardest part is not in the technical part but German political will to give up the 0 inflation tolerance policy since the euro was created.

sisse
Thanks for your input, and good luck pal...
Look Sharp/Trade Tight
  • #337,457
  • Dec 2, 2010 5:24am Dec 2, 2010 5:24am
Quoting T@rantula
I enjoy reading ur posts. ) and i tend to agree with ur analysis.
What are your views for this afternoon T?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #337,458
  • Dec 2, 2010 5:27am Dec 2, 2010 5:27am
I would like to price retrace to 1.3150 or 1.3140 to go long.
  • #337,459
  • Dec 2, 2010 5:28am Dec 2, 2010 5:28am
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (987 Tick) 02_12_2010 entries.jpg Size: 120 KB
making green pips large and red pips small this is my goal.
  • #337,460
  • Dec 2, 2010 5:30am Dec 2, 2010 5:30am
Quoting sisse
What are your views for this afternoon T?

sisse
50 pips on cable so far. Im inclined to selling cable today

Well as for EU....no valid signals for me yet as M30 is in uptrend and h4 is in downtrend.

We should sell rallies according to PA.
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