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  • #337,521
  • Dec 2, 2010 6:26am Dec 2, 2010 6:26am
Quoting cloggie
I covered my trades with the ECB coming up in 20 and am keeping a close eye on Trichet announcing a bond value for purchasing, no target will mean further shorts, if Trichet gives a clear plan for ECB purchasing then we can expect a decent bull run after the announcement.

The market likes a definitive answer, Trichet could well join the party, everybody else is doing it.
yeah got they same expectations....Trichet must deliver....otherwise down we go
  • #337,522
  • Dec 2, 2010 6:26am Dec 2, 2010 6:26am
Quoting PipChick
The M5 retraced tot he 61.8 with bullish hidden divergence. That may help the 3152 area hold cloggie.

i have been working with fibs alot the past couple weeks and you know, I am starting to like them for confluence. I dont trade them I just use them for confluence and turn points.

Here is alternative view supporting your post.


By the way I broke my barrier last night I have finally been able to accumulate equity past my mental block trading area I was having
Attached Image (click to enlarge)
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Know when to hold em, Know when to fold em!
  • #337,523
  • Dec 2, 2010 6:28am Dec 2, 2010 6:28am
Thank you pipchick...




Quoting PipChick
Here it is kdx:
http://www.brocompany.com/trading-platform/
  • #337,524
  • Dec 2, 2010 6:28am Dec 2, 2010 6:28am
Quoting cloggie
Trichet will run the afternoon, watch out for a defined plan, if there isn't any that means further uncertainty in the markets and spreads going up further with euro declining, a purchase program that is clearly outlined will mean liquidity in the bond market and shrinking spreads with the associated buying of euro.
what i see alot of in the press now is the idea that the ECB will not deliver as much as has already been priced in by the markets and so the downside risk is highlighted
"If The Fool persists in his Folly he will become wise." - William Blake
  • #337,525
  • Dec 2, 2010 6:30am Dec 2, 2010 6:30am
Quoting goods
i have been working with fibs alot the past couple weeks and you know, I am starting to like them for confluence. I dont trade them I just use them for confluence and turn points.

Here is alternative view supporting your post.
And if you use hidden divergences and use those to set your fibs, you will see fibs in a whole new light. Instead of just using the regular fibbing techniques, fib the hidden divergences.
  • #337,526
  • Dec 2, 2010 6:30am Dec 2, 2010 6:30am
Quoting kdx
Thank you pipchick...
My pleasure
  • #337,527
  • Dec 2, 2010 6:31am Dec 2, 2010 6:31am
Quoting PipChick
And if you use hidden divergences and use those to set your fibs, you will see fibs in a whole new light. Instead of just using the regular fibbing techniques, fib the hidden divergences.
I use hidden divergence but never used it often. I will throw it on there. What tf do you look at with hidden divergence + fib + TL
Know when to hold em, Know when to fold em!
  • #337,528
  • Dec 2, 2010 6:32am Dec 2, 2010 6:32am
Quoting The Fool
what i see alot of in the press now is the idea that the ECB will not deliver as much as has already been priced in by the markets and so the downside risk is highlighted

The fixed income guys have been very clear in their signals to the ECB, either give us a plan for purchases or else we continue to widen the spread. The euro falling as it has gives him a great technical opportunity now to give a clear and defined purchasing program, that would put the technicals and fundamentals in line for a bit again and would take the attention of the big turts in the punchbowl, Spain and France.

If he can calm down the bond market, he gets two birds with one stone, on the one hand taking attention from the mess the EU is in and one the other hand getting the spreads down, the problem is Germany, Trichet would need their support to get a program of the ground.

So I am in the other camp, the setup for a pre defined plan is perfectly priced in.
  • #337,529
  • Dec 2, 2010 6:32am Dec 2, 2010 6:32am
Quoting hindustani
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
wow this keeps getter better n better nice observation
  • #337,530
  • Dec 2, 2010 6:32am Dec 2, 2010 6:32am
Quoting The Fool
what i see alot of in the press now is the idea that the ECB will not deliver as much as has already been priced in by the markets and so the downside risk is highlighted
i read that in several places as well.
  • #337,531
  • Dec 2, 2010 6:33am Dec 2, 2010 6:33am
Quoting goods
I use hidden divergence but never used it often. I will throw it on there. What tf do you look at with hidden divergence + fib + TL
All time frames. It really helps in getting into a retracement or a pullback.
  • #337,532
  • Dec 2, 2010 6:33am Dec 2, 2010 6:33am
Quoting PipChick
And if you use hidden divergences and use those to set your fibs, you will see fibs in a whole new light. Instead of just using the regular fibbing techniques, fib the hidden divergences.
would you care to elaborate this some time? how to fib the divergence?
  • #337,533
  • Dec 2, 2010 6:34am Dec 2, 2010 6:34am
Quoting PipChick
All time frames. It really helps in getting into a retracement or a pullback.

3 red flag news on euro today and one coming up in 10 minutes lets see if price built in and it runs up
Know when to hold em, Know when to fold em!
  • #337,534
  • Dec 2, 2010 6:34am Dec 2, 2010 6:34am
Quoting Mr Hatch
would you care to elaborate this some time? how to fib the divergence?
Sure, actually its hard to type it so I will make a video this weekend and post it to your email.
  • #337,535
  • Dec 2, 2010 6:35am Dec 2, 2010 6:35am
Quoting TudorJonesJR
yeah correct 1.3152 to be precise... .
Quoting cloggie
3150 is the first major roadblock for any shorts today

Looks like we are splitting it down the middle so far.
  • #337,536
  • Dec 2, 2010 6:36am Dec 2, 2010 6:36am
Quoting cloggie
Looks like we are splitting it down the middle so far.

Top of tha mornin' to ya, and pipchick
Know when to hold em, Know when to fold em!
  • #337,537
  • Dec 2, 2010 6:37am Dec 2, 2010 6:37am
Quoting The Fool
what i see alot of in the press now is the idea that the ECB will not deliver as much as has already been priced in by the markets and so the downside risk is highlighted
Well stock markets are holding very strong in last hours. Dax and the majors are on brink of breaking higher and cause probably the 1st major rally above the financial crisis levels. So if that serves as a guide .... we'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #337,538
  • Dec 2, 2010 6:37am Dec 2, 2010 6:37am
Quoting PipChick
Sure, actually its hard to type it so I will make a video this weekend and post it to your email.
you'll receive a pm soon.
  • #337,539
  • Dec 2, 2010 6:39am Dec 2, 2010 6:39am
Im short targeting 3095 s/l above 3210
  • #337,540
  • Dec 2, 2010 6:41am Dec 2, 2010 6:41am
Quoting T@rantula
Im short targeting 3095 s/l above 3210

Why not give it 4 minutes to see what Tricky-T has to say? My 3150 and PTJ's 3152 are still key here.
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