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  • #337,841
  • Dec 2, 2010 10:18am Dec 2, 2010 10:18am
well... 3080 was not critical... we dipped below and then back up.

Quoting Scrat
tricky...
i guess it'll go below 1.31, most likely 1.3080 area but that's not where the key is. i think 1.3045/24 is critical for this rally.
Nihil Sine Deo.
  • #337,842
  • Dec 2, 2010 10:19am Dec 2, 2010 10:19am
Quoting infinitus
Nearly everytime corrections are done with low volume. Maybe we can conclude, that the correction of the past days is gone and we resume our way lower
the moves down maybe on low vol but when they get into the buy zones someone is buying hard

I am not talking a billion pip reversal here but i think this still sees 1.33 test

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  • #337,843
  • Dec 2, 2010 10:20am Dec 2, 2010 10:20am
Quoting malcolmb14

I am not talking a billion pip reversal here but i think this still sees 1.33 test

I am seeing the same possibility on a technical basis.
  • #337,844
  • Dec 2, 2010 10:21am Dec 2, 2010 10:21am
precisely.

Quoting malcolmb14
they will .. so why did we end up with a massive shake out right at bottom of yesterdays 120 pip bar on 60 min ?

take a look at charts before you make claims like this.

Current poc and vwap 3150 and we have a reversal / shake out on 60 min
Nihil Sine Deo.
  • #337,845
  • Dec 2, 2010 10:22am Dec 2, 2010 10:22am
Welcome to December, what rumour is doing the rounds now?
  • #337,846
  • Dec 2, 2010 10:22am Dec 2, 2010 10:22am
Quoting Ipndasno
WOW. Yeah I had some nasty SHort Orders on EU as well. But after the ECB, I dumped the orders on the nice selloff. We're getting bounces off support that seams to be pretty solid and a reversed heah shoulders, looking bullish too.
i hedged a buy of .3 with 3 sell positions adding .3
now i got rid of the buy, have to solve with the 3 sells.
  • #337,847
  • Dec 2, 2010 10:22am Dec 2, 2010 10:22am
Quoting malcolmb14
the moves down maybe on low vol but when they get into the buy zones someone is buying hard

I am not talking a billion pip reversal here but i think this still sees 1.33 test

Attachment
the 1.33x is just the 50%-fib needed to prevent a really sharp drop... trichet needed all that fuss today to achieve that? that says a lot, doesn't it?
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  • #337,848
  • Dec 2, 2010 10:23am Dec 2, 2010 10:23am
Quoting cloggie
3180 will lead to the high.

Caught me by surprise.
  • #337,849
  • Dec 2, 2010 10:23am Dec 2, 2010 10:23am
I made enough to be quite happy the past few days, I stepped away and didn't close my short. what are the chances we will see around 1.3100 any time soon again?
  • #337,850
  • Dec 2, 2010 10:23am Dec 2, 2010 10:23am
Quoting cloggie
The trigger went, you took a valid trade, I waited till the news conference though to get confirmatin so missed out on the first little bit of the run. I like to play it safe though. For me, the fundamentals always trump the technicals, but that is my style. If the fundamentals disagree with the technicals then the technicals rule. Today was great as the fundamentals pushed the technicals over the edge and we could refer back to yesterday's support zones as targets for profit taking and reversals.
Cloggies, could you please elaborate on this?
>>For me, the fundamentals always trump the technicals, but that is my style. If the fundamentals disagree with the technicals then the technicals rule. >>
I don't catch its logic.
  • #337,851
  • Dec 2, 2010 10:24am Dec 2, 2010 10:24am
Oh, shoot up! US trader back from lunch.

btw, after arun of 140pips, really need some rest. the rest 20pips is too little. but next time i will remember to let it come up 40pips first LOL
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #337,852
  • Dec 2, 2010 10:25am Dec 2, 2010 10:25am
Great. I turn around for a second and my target of 3226 is reached.
Without me. Oh well. Higher target is 1.3366.
A pip is only worth it if you know how much you risked to earn it
  • #337,853
  • Dec 2, 2010 10:27am Dec 2, 2010 10:27am
Quoting vlady1974
Hmmm.... I really miss these lines. I put up with an IGINDEX feed and it's difficult for me. I see your lines now and it ALL TIES UP with the lessons from Cloggie and even some of the Fib traders like PipChic and Tarantula.

For example, 3150 (or 3153) is a yellow 7/8 line which is an extraordinarily fast move line. Failure at this level is a sharp fall. I know this cos I was trained by the man himself (ie. TH Murrey) and I used these in stocks. FX is a slightly different kettle of fish and still needs an approach like Cloggies - but these lines...
Then you are one lucky person learnt direct from murrey . yes 1/7 & 7/8 mm as known weak sr & fast move areas & at the same time when stall & reverse come into action very sharp unlike other sr levels .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #337,854
  • Dec 2, 2010 10:27am Dec 2, 2010 10:27am
Quoting vlady1974
Great. I turn around for a second and my target of 3226 is reached.
Without me. Oh well. Higher target is 1.3366.

You're not the only one, I posted the trigger here 2 hours ago, but she went through it so fast I actually didn't trade it myself. December volatility. Wait for the next setup now and don't go jumping late on this one.

Need to draw a new chart now for the rest of the week.
  • #337,855
  • Dec 2, 2010 10:27am Dec 2, 2010 10:27am
I like this one...
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  • #337,856
  • Dec 2, 2010 10:28am Dec 2, 2010 10:28am
Quoting Driver55
Morning all,

USDCHF :

if, at 03.00h (NY TIme), USDCHF stays < 1.00260 ... then short

battlefield area around this level is : 1.0036 - 1.0017
Quoting Driver55
If @11.00h (Ny Time) , we stay < 9987 .... it's another sign of short

PS: the problem (for now) lies @ 9970
Out @9907 for now
... and short EURUSD 3223 (but only for short time)
The best thing that can happen to you is to find out where you're wrong.
  • #337,857
  • Dec 2, 2010 10:28am Dec 2, 2010 10:28am
Quoting T@rantula
Well..

Looking at the charts we lack a momentum UP. 3300 should have capped the rally and we should have gone down from there. Yet 3215 was a hard to break, that shows that bears have the upper hand. Long wicks are a sign of weakness.
.
I think you was reading my mind i was just setting up chart for nfp tomorrow and was looking at the 13280 - 13300 to catch a ride south of 12700 that would sure be a nice run.
  • #337,858
  • Dec 2, 2010 10:28am Dec 2, 2010 10:28am
Quoting wormboy
cable's turn.

I have 3216 as the next resistance & possible target.
done, target met.
Thank You
  • #337,859
  • Dec 2, 2010 10:30am Dec 2, 2010 10:30am
Quoting malcolmb14
the moves down maybe on low vol but when they get into the buy zones someone is buying hard

I am not talking a billion pip reversal here but i think this still sees 1.33 test

Attachment
Hi Malcolmb,

hope you made a ton of pips today.

I hope it runs a little bit more up, but it has to stay beneath 3302. If it pops above, my main Elliott Wave count wil be invalidated.

3245 may be a good target.

We will see
  • #337,860
  • Dec 2, 2010 10:32am Dec 2, 2010 10:32am
Rumour doing the rounds that Weber just said that the Irish bailout will be the turnaround for the euro, no link to attach yet.

It sure does explain this spike up. 1.33 here we come.

What does Weber really want? Not a cheaper dollar surely?
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