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  • #343,001
  • Dec 9, 2010 8:16am Dec 9, 2010 8:16am
Quoting goods
Thanks Piters, I was watching this pre-market, I noticed that eu bull sentiment is set for the day, I missed my buy entry at 3200.

i would lke to get another chance to buy but I will not buy all the way up here. I will also watch for short at 1.3315 below last nights pivot.

I might just wait to see if pullback, for a buy.
[Charts]

As long we have a daily close above the line in the sand.. {white} .. then Up we go..
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  • #343,002
  • Dec 9, 2010 8:16am Dec 9, 2010 8:16am
Quoting aiyoyo
Thanks for the warning. But I seriously do not know how to relate volume with price....
Can't trade without it--Gives you clues on what is going on
in the market--Right now , i think EU is trying to absorb
buyers-
  • #343,003
  • Dec 9, 2010 8:17am Dec 9, 2010 8:17am
Quoting T@rantula
When news is good for $ investors tend to put money in equities that means less cash flow and $ tanks.

It usually happens on stronger US data but it tends to settle down afterward.

Thanks T@rantula,

I think I am going to do a bit of research to find out which news drives currency in a particular way granted if its good or bad.

Another thing I am noticing and picking up on is the session market cycles,

trend, trend, counter-trend or trend-change if you will. For instance

yesterday, london up, NY up, asain -peaked out and sold off, london sold off, now ny up, so I expect asain up (for a lower high), then london down again.
Know when to hold em, Know when to fold em!
  • #343,004
  • Dec 9, 2010 8:17am Dec 9, 2010 8:17am
Quoting gatorinla
that was a bear top and a bear bottom..
I like your confidence that shows you trust your analysis and trading plan and you are a well experienced trader . However, denying by default any other outcome in trading is a sign of weakness at least in my books (ask the guys in Lehman, and the other hundreds of investment and fund managers that went busted just 2 years ago) .

In any case, very good luck with your shorts, momentum and higher timeframes are undeniably still pointing to the short side.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #343,005
  • Dec 9, 2010 8:17am Dec 9, 2010 8:17am
Quoting TheCableGuy
How big of a stop loss do you use, your adding shorts?
Sl is always different usualy have it main levels for now got sl on 1,3315 but as i said each group of shorts have different SLs. Gl
  • #343,006
  • Dec 9, 2010 8:20am Dec 9, 2010 8:20am
Went from 50 to 61.8% this morning (white). Bounced down

Also is past blue 61.8, so it kinda looks like a down
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  • #343,007
  • Dec 9, 2010 8:24am Dec 9, 2010 8:24am
Or a serious up.
  • #343,008
  • Dec 9, 2010 8:25am Dec 9, 2010 8:25am
Quoting Ifmyante
Or a serious up.
still to much sellers above 1.3250 every pop in 3250 is getting sold, going down soon than later
  • #343,009
  • Dec 9, 2010 8:30am Dec 9, 2010 8:30am
Didnt get my 260 for an entry.. will wait for a push up.
  • #343,010
  • Dec 9, 2010 8:31am Dec 9, 2010 8:31am
Quoting TudorJonesJR
still to much sellers above 1.3250 every pop in 3250 is getting sold, going down soon than later
That's what I hoped. Short since 255
  • #343,011
  • Dec 9, 2010 8:32am Dec 9, 2010 8:32am
let's just check the double bottom-thing again
  • #343,012
  • Dec 9, 2010 8:33am Dec 9, 2010 8:33am
Quoting TudorJonesJR
still to much sellers above 1.3250 every pop in 3250 is getting sold, going down soon than later

for those with a bearish view, 3170 is around the region to wait in my opinion..

anna
  • #343,013
  • Dec 9, 2010 8:34am Dec 9, 2010 8:34am
Quoting Mr Hatch
let's just check the double bottom-thing again
20-27 must hold then if not 200... For that..
  • #343,014
  • Dec 9, 2010 8:35am Dec 9, 2010 8:35am
Quoting Ifmyante
Went from 50 to 61.8% this morning (white). Bounced down

Also is past blue 61.8, so it kinda looks like a down

use fib channels, they are a lot more useful in understanding PA than extensions and retracements... 4hr/daily

anna
  • #343,015
  • Dec 9, 2010 8:35am Dec 9, 2010 8:35am
Quoting goods
Thanks T@rantula,

I think I am going to do a bit of research to find out which news drives currency in a particular way granted if its good or bad.

Another thing I am noticing and picking up on is the session market cycles,

trend, trend, counter-trend or trend-change if you will. For instance

yesterday, london up, NY up, asain -peaked out and sold off, london sold off, now ny up, so I expect asain up (for a lower high), then london down again.

Basically here is how it goes:

Trending- Consecutive string of HH and HL (uptrend ) and LH and LL ( downtrend)

Counter trend- AKA retracement

Change of trend- AKA reversal

Trend can be spotted on EACH timeframe ( excluding m1 ). When target price has been hit usually there is a retracement. Why? Because of profit taking. If u are for example short and U ( and majority of traders) close the profits they automatically BUY BACK int toe market. Closing of a short position is a BUY into the market and vice versa.

Reversal happens when all major support/resistance zone have been breached so traders place stop/limit orders in order to reverse the trend.
  • #343,016
  • Dec 9, 2010 8:35am Dec 9, 2010 8:35am
buckle up bears their fueling the ship...may fall hard and fast...308X appears to be on the navigation destination
"Your Best trade is a loss with minimum risk"
  • #343,017
  • Dec 9, 2010 8:36am Dec 9, 2010 8:36am
Quoting snatch
for those with a bearish view, 3170 is around the region to wait in my opinion..

anna
will see how it goes... especially 1.32 barrier... placed stop just lower then entry and will monitor further.. gl
  • #343,018
  • Dec 9, 2010 8:41am Dec 9, 2010 8:41am
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  • #343,019
  • Dec 9, 2010 8:42am Dec 9, 2010 8:42am
Quoting Forexbiz
buckle up bears their fueling the ship...may fall hard and fast...308X appears to be on the navigation destination

it has to break this channel (red cross) in order to follow through a downward movement.

regards

anna
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  • #343,020
  • Dec 9, 2010 8:44am Dec 9, 2010 8:44am
Quoting TudorJonesJR
will see how it goes... especially 1.32 barrier... placed stop just lower then entry and will monitor further.. gl
Exactly what am waiting for i find it difficult to know if they want push just under for expiry then back up or if they want push down but the expiry is stopping the bears, do you have any views or just play the reaction?
making green pips large and red pips small this is my goal.
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