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  • #338,821
  • Dec 3, 2010 10:10am Dec 3, 2010 10:10am
Quoting SkyzerFX
Markets all f* up.. ECB and FED money printing machines responsible for

that.. Look, no jobs still ,

almost 10% unemployment (official) and OIL pushing

90$/b.. DOW should be -300 points right now, instead nobody give a sh*t

about jobs nor economy. Endless rally.. Everyone is on drugs..

How about reality check?
  • #338,822
  • Dec 3, 2010 10:11am Dec 3, 2010 10:11am
Quoting Masrim
Going long looks like a good plan, stop just at about 2960, target 1 - 1.31,
target 2 - 1.3440. Good risk reward.
Interesting to see, will target 2 be hit? We are some 40 pips away. Maybe not this week.
  • #338,823
  • Dec 3, 2010 10:11am Dec 3, 2010 10:11am
Should hold it back a bit. Am hopeful for London profit taking - interesting to see Bloomberg on the floor of RBS, and the 'mood' being they got screwed with bad US data - only a few guys got it right there & 1 is buying lunch. We're traveling here in good measure to USD weakness & S&P strength. Obamaspeak up in a few moments. If it shoots past the TL, 1.34388 should hold it for the day.
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  • #338,824
  • Dec 3, 2010 10:12am Dec 3, 2010 10:12am
Quoting mikej2010
okay maybe you could answer this, i have asked a couple times at various places and still haven't found a technical answer.

We 'trade currency', but in reality, we don't own that currency. At the end of the day, no matter what ... we will come back to our currency.

When a bank or 'big player' trades currency, what is the exact process when compared to the 'little' forex broker.

when PA occurs, is that fluctuation that is caused by currency trading from the actual act of exchanges between banks or is it 'placing bets' like normal forex for...
Hi Mike, do the free trading course on babypips.com, you'll get all your answers. It's more usefull than many books I have read (and paid for) on the Forex.
  • #338,825
  • Dec 3, 2010 10:12am Dec 3, 2010 10:12am
the master charters view..

http://www.forexfactory.com/showpost...postcount=3687
  • #338,826
  • Dec 3, 2010 10:13am Dec 3, 2010 10:13am
Quoting Mr Hatch
make or break time.

I'm looking at the same thing --- the line in the sand!

has the daily atr been stretched before we go into weekend?

holidays will pull most away soon

ju
  • #338,827
  • Dec 3, 2010 10:13am Dec 3, 2010 10:13am
Quoting Driver55
hi all,

eyes on usdjpy @84,39 on daily basis...

personally.. I've taken the short @84,390

PS: same on GBPUSD... I'm long @5558
Out from GBPUSD @ 5722
The best thing that can happen to you is to find out where you're wrong.
  • #338,828
  • Dec 3, 2010 10:15am Dec 3, 2010 10:15am
Quoting gatorinla
s/o 3251 trade -15.... s/o a 1/2 trade -40.... bulls did well..
im watching here. still holding lt shorts but will consider closing soon.. but may wait till next week.
3400.9 is usually strong???? 1.236 fib still may be best for dust to settle. if down move continues we got lots of time.
those who can, do. those who cant, talk about those who can
  • #338,829
  • Dec 3, 2010 10:15am Dec 3, 2010 10:15am
3407, who would have guessed? Oh sh!t I did:

Quoting cloggie
No brainer trades, just watch the interim hurdles.


Ultimate target 3407
As soon as NFP came out I posted this:

Quoting cloggie
Euro strength, the number is so cr@p it makes the EU look great. Just keep buying the sh!t out of it.

When asked why euro was climbing by one poster, I posted this:

Quoting cloggie
The number was so bad that risk aversion is on at full swing, but euro is strengthening against it purely due to correlation, not risk. Right now the euro is the less uglier of the two.

The number was so far out of the range expected that the euro is gaining even though risk aversion is on at full tilt.

I posted the interim hurdles:

Quoting cloggie

3320-3330 is the current hurdle.
Quoting cloggie
3365 is the next hurdle
I even kept a few noobs out of silly trades:

Quoting cloggie
That's not a break, that's a test and a fake.
I even stated the interim support for the noobies:

Quoting cloggie

Right now we have a rising support forming on the lower TF's at 3320-3328

That's how one trades the news and how one sets targets and interim levels. Did I expect the news to be this bad, no not at all, especially based on this weeks ADP, however as soon as it came out cr@p I posted here to buy the sh!t out of it.


I have spend a lot of my time this week weeding through the garbage here trying to help out calling ranges, levels, triggers and targets. If you go back over my calls this week you can clearly see how I trade.

However, I feel a break coming up again from the thread. There are too many muppets/noobies here clogging up the thread with rubbish posts, smileys, youtube vids and pointless discussions about subjects they have no knowledge in.

This is meant to be a trading thread but it is turning once more into a thread where some gurus spam their garbage, 10v posters post silly sh!t and change posts or come up with magical BE exits, and full of noobs asking questions that should be googled first.

I will be back, just need a breather from the garbage.

I did well trading this week (900 pips on yooro alone) but am missing out on other trades by spending too much of my time here especially as I do not see that my contribution is making a significant difference, so why waste the time.

Have a good weekend all.
  • #338,830
  • Dec 3, 2010 10:15am Dec 3, 2010 10:15am
Resistance 1.3402/1.3420
  • #338,831
  • Dec 3, 2010 10:16am Dec 3, 2010 10:16am
This is the support I am looking at (range 1.3380-1.3385).

PB
Attached Image
  • #338,832
  • Dec 3, 2010 10:16am Dec 3, 2010 10:16am
Quoting SkyzerFX
Markets all f* up.. ECB and FED money printing machines responsible for

that.. Look, no jobs still ,

almost 10% unemployment (official) and OIL pushing

90$/b.. DOW should be -300 points right now, instead nobody give a sh*t

about jobs nor economy. Endless rally.. Everyone is on drugs..

How about reality check?
Sky, welcome back. But didn't see you around when eurusd is 1.3000.
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #338,833
  • Dec 3, 2010 10:17am Dec 3, 2010 10:17am
Quoting SkyzerFX
Markets all f* up.. ECB and FED money printing machines responsible for

that.. Look, no jobs still ,

almost 10% unemployment (official) and OIL pushing

90$/b.. DOW should be -300 points right now, instead nobody give a sh*t

about jobs nor economy. Endless rally.. Everyone is on drugs..

How about reality check?
Hi Skyzer, haven't seen posts from you for a while. Was just reading through and came across this one. Made me laugh as usual. Cheers, laughing is good medicine, LOL ...
  • #338,834
  • Dec 3, 2010 10:18am Dec 3, 2010 10:18am
Quoting cloggie
3407, who would have guessed? Oh sh!t I did:



As soon as NFP came out I posted this:




When asked why euro was climbing by one poster, I posted this:




I posted the interim hurdles:





I even kept a few noobs out of silly trades:



That's how one trades the news and how one sets targets and interim levels. Did I expect the news to be this bad, no not at all, especially based on this weeks ADP, however as soon as it came out cr@p I posted here to buy the sh!t out of it.


I have spend a lot of my time this week weeding through the garbage...
  • #338,835
  • Dec 3, 2010 10:18am Dec 3, 2010 10:18am
Quoting gatorinla
3400.9 is usually strong???? 1.236 fib still may be best for dust to settle
is that a serious question? there is a load of lines here up to 3408/9 area, but the bounce is shallow, rejection not convincing.

i don't think, many people will want to get out of their longs before the weekend and ireland's budget decision on monday.
  • #338,836
  • Dec 3, 2010 10:20am Dec 3, 2010 10:20am
Quoting cloggie
3407, who would have guessed? Oh sh!t I did:



As soon as NFP came out I posted this:




When asked why euro was climbing by one poster, I posted this:




I posted the interim hurdles:





I even kept a few noobs out of silly trades:



That's how one trades the news and how one sets targets and interim levels. Did I expect the news to be this bad, no not at all, especially based on this weeks ADP, however as soon as it came out cr@p I posted here to buy the sh!t out of it.


I have spend a lot of my time this week weeding...
have a good weekend cloggie and thanks for sharing your views
  • #338,837
  • Dec 3, 2010 10:22am Dec 3, 2010 10:22am
Peeked but failed to hold above the TL; good R:R for now & some BE pip scalps. Other sellers confirmed & a doji on M15 printed, although watch that 1.33735. Will likely be prone for another run at the TL in the next hours.
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  • #338,838
  • Dec 3, 2010 10:22am Dec 3, 2010 10:22am
Quoting cloggie
3407,


Have a good weekend all.
THANKS CLOGGIE FOR EVERYTHING! You have an awesome weekend! You deserve it! Some of us "silent" traders on here appreciate your thoughts and opinions greatly! Much appreciated! You are a great teacher!
  • #338,839
  • Dec 3, 2010 10:24am Dec 3, 2010 10:24am
Easy comes, easy goes. 100% retrace of the panic move. Now back to where we suppose to be before the overreaction last week. "Strangely" or maybe not, media attention is moving back towards the US.

A few weeks ago when price was about to reach the obvious 1.44xx the Euro collapsed (with a little bit of help of media and banks). Now when it was about to reach the obvious 1.26xx is going to close with one of the most powerful signal in TA analysis a massive weekly rejection candle (obviously the trend down hasn't changed yet).

I have the felling there are going to be lots of media attention and trash to the dollar in the next few weeks, also China interest rate and inflation back to the table. In other words replace Ireland/Portugal for China/US in the headlines. The non signatory agreement in the last G20 meeting on the currency war is playing out so far. Let it range, until a free rider or inflation explodes.

We'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #338,840
  • Dec 3, 2010 10:26am Dec 3, 2010 10:26am
Quoting cloggie
I did well trading this week (900 pips on yooro alone) but am missing out on other trades by spending too much of my time here especially as I do not see that my contribution is making a significant difference, so why waste the time.

Have a good weekend all.
Don't you ever think so as you know there is someone really appreciate your work here!
Good day, I'm okay. Bad day, I'm okay. What's the difference?
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