tah Im with you short eur/jpy 
- #15,823
- Dec 14, 2010 8:14am Dec 14, 2010 8:14am
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Basber, Piphunter.....
I am not trying to beat a dead horse here, nor be critical. I am just trying to understand differing viewpoints.
Basber, if you look for two bands, and if for a SonicR long the setup should be at/above the upper band, then why did not this setup qualify? There are clearly an upper M15 TL and lower M15 Support bands. Since we trade the M15, why do not these two M15 bands qualify the setup, which is above the upper band?
Regards,
-TAH
Honestly I didn't noticed the one you showed. That makes the setup better
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
- #15,824
- Dec 14, 2010 10:31am Dec 14, 2010 10:31am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
E/J ...... bearish
This Daily shows PPMs have elevated price to the area between FR 50% and 60%, almost to the Trend line. The upper candle shadows on last two candles would indicate the PPMs couldn't keep it at the highest levels. Perhaps their own shorting was responsible.
Yet, as can be seen on lower TF charts (M15), PA continues in a 50 pip range. I would take this as consolidation......preparing for the next big move. Unless I miss my guess, due to the pumps, the next big move will be back down. Of course, that guess is also influenced by the Weekly chart.
Regards,
-TAH
- #15,825
- Edited 11:07am Dec 14, 2010 10:42am | Edited 11:07am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #15,827
- Dec 14, 2010 11:47am Dec 14, 2010 11:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
eur/jpy hit sl-36
today bad day for me.
- #15,828
- Edited 12:59pm Dec 14, 2010 11:48am | Edited 12:59pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EU:
What have we here? If this drops, can EG be far behind? Look at EG! Geez! Humongous volume and no price change to speak of! Just goes to prove the point. If the PPMs want to load up REAL HEAVY and not even have the price budge, they can manipulate it so! And, we have the same volume spike on EJ. At any other time, such extreme activity simultaneosly on all three pairs would start moving the prices. but not here in December. Either price is under strict control, or there aren't enough big boys around to increase the response.....either way, manipulation. And for such extreme activity at the swing highs on these three pairs, I'd have to say some outfit knows these pairs are way overpriced now, or believes the euro is in deep sh_t trouble again! The question is, when do they "pull the rug"? December? January? January sounds like a good candidate....gives the manipulators lots of time to quietly build their short positions, keep the price up during the holidays so everybody is "happy", then wack it in January.....start raking in the money on the drops to rebuild their wealth after all the holiday spending!
And now that I have published their scheme, more might get the jitters and start selling off early also!
Edit: Actually, I see we have similar spikes on AU and UJ, so this is "dollar" impetus, not "euro" crapus. And yet the eruo is hanging onto the lip of the crapper by its fingernails.....welcome to the holidays! Oh, did I say "dollar" impetus? Is some outfit giving holiday "encouragement" to the poor ole broke US of A?
WARNING: Speculation!
What have we here? If this drops, can EG be far behind? Look at EG! Geez! Humongous volume and no price change to speak of! Just goes to prove the point. If the PPMs want to load up REAL HEAVY and not even have the price budge, they can manipulate it so! And, we have the same volume spike on EJ. At any other time, such extreme activity simultaneosly on all three pairs would start moving the prices. but not here in December. Either price is under strict control, or there aren't enough big boys around to increase the response.....either way, manipulation. And for such extreme activity at the swing highs on these three pairs, I'd have to say some outfit knows these pairs are way overpriced now, or believes the euro is in deep sh_t trouble again! The question is, when do they "pull the rug"? December? January? January sounds like a good candidate....gives the manipulators lots of time to quietly build their short positions, keep the price up during the holidays so everybody is "happy", then wack it in January.....start raking in the money on the drops to rebuild their wealth after all the holiday spending!
And now that I have published their scheme, more might get the jitters and start selling off early also!
Edit: Actually, I see we have similar spikes on AU and UJ, so this is "dollar" impetus, not "euro" crapus. And yet the eruo is hanging onto the lip of the crapper by its fingernails.....welcome to the holidays! Oh, did I say "dollar" impetus? Is some outfit giving holiday "encouragement" to the poor ole broke US of A?
WARNING: Speculation!
- #15,830
- Dec 14, 2010 1:06pm Dec 14, 2010 1:06pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
- #15,831
- Dec 14, 2010 2:48pm Dec 14, 2010 2:48pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #15,832
- Dec 14, 2010 3:44pm Dec 14, 2010 3:44pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
- #15,833
- Dec 14, 2010 4:03pm Dec 14, 2010 4:03pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Take a look at the volume "story" on the Weekly, shown by the boxed bars.
There was above average volume as price ran down, right to the bottom. There the volume became below average, all the way back to higher highs than before the drop.....below average volume! At the new highs, again the volume switched to above average while preparing for the next drop, and also all the way down to the last low.....above average volume!
The story is, big money knows it should be in on the drives down, then let the "working class" haul it's sorry ass back up for the next whipping! Once up again, big money joins in for the next torpedo job!
And the story might not be over, not by a long shot! The MACD has rolled over again. And the lower TL is a long, long, long ways down!
Regards,
-TAH
There was above average volume as price ran down, right to the bottom. There the volume became below average, all the way back to higher highs than before the drop.....below average volume! At the new highs, again the volume switched to above average while preparing for the next drop, and also all the way down to the last low.....above average volume!
The story is, big money knows it should be in on the drives down, then let the "working class" haul it's sorry ass back up for the next whipping! Once up again, big money joins in for the next torpedo job!
And the story might not be over, not by a long shot! The MACD has rolled over again. And the lower TL is a long, long, long ways down!
Regards,
-TAH
- #15,834
- Dec 14, 2010 4:15pm Dec 14, 2010 4:15pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #15,835
- Dec 14, 2010 4:22pm Dec 14, 2010 4:22pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #15,836
- Dec 14, 2010 4:28pm Dec 14, 2010 4:28pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
- #15,837
- Dec 14, 2010 4:29pm Dec 14, 2010 4:29pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
EU:
Its starting.....
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
- #15,838
- Dec 14, 2010 4:37pm Dec 14, 2010 4:37pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #15,839
- Edited 5:04pm Dec 14, 2010 4:39pm | Edited 5:04pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
So you joined ?!
Regards,
Basber
That is an "old" target. It won't get hit today. And tomorrow, if today gives downside, I might reset the target.
- #15,840
- Dec 14, 2010 5:12pm Dec 14, 2010 5:12pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
I am already in, but from last week with an average short entry at 1.3260. I decided to just "wait it out". It looks to be coming around to me now.
That is an "old" target. It won't get hit today. And tomorrow, if today gives downside, I might reset the target.
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.