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  • #346,881
  • Dec 16, 2010 2:18am Dec 16, 2010 2:18am
why PA is so fucked up today.i dont think EU is going to range more than 50 pips today
OPPORTUNITY LIES WHERE THE MAJORITY IS AFRAID TO GO....
  • #346,882
  • Dec 16, 2010 2:20am Dec 16, 2010 2:20am
nothing's happening so I'm going to sleep. Actually I already fell asleep in front of my keyboard.

see you guys tomorrow, happy trading
New voice message: Why are you calling me? If I need you, I'll call you!
  • #346,883
  • Dec 16, 2010 2:22am Dec 16, 2010 2:22am
Quoting apt
We are in a range after a steep drop, pair is most likely going to pierce 1.3200, would not be surprised though if it bounce off of 1.3170 for further up move.

Short trigger @ 1.3215, TP @ 1.3175. Manual SL.
why did you short at .3215 & tp at .3175? just curious as to what you are looking at.

what are you judging that it will most likely pierce? chances are good to go to 1.33xx if the Spanish bonds go well, if not, then we may see under 1.3200.
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #346,884
  • Dec 16, 2010 2:23am Dec 16, 2010 2:23am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
http://i56.tinypic.com/5zf62r.png

Topside break at 1.3250 zone will most likely lead to resistance at 1.3300.

Downward break will encounter strong support at 1.3170 zone and most likely lead this pair in an upward momentum considering end of year U.S. sell offs.
  • #346,885
  • Dec 16, 2010 2:24am Dec 16, 2010 2:24am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Texaspips
why did you short at .3215 & tp at .3175? just curious as to what you are looking at.

what are you judging that it will most likely pierce? chances are good to go to 1.33xx if the Spanish bonds go well, if not, then we may see under 1.3200.
Was a mistype, meant 1.3205.

And I usually use my rectangle rule when ranging. If it breaks the rectangle and continues the trend, the length of the break is equal to the distance of the range.

Which would be more or less 20 - 30 pips.
  • #346,886
  • Dec 16, 2010 2:26am Dec 16, 2010 2:26am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
This 1H chart better depicts the range, and the overhead H&S that occurred earlier.

http://i53.tinypic.com/289zt5z.png
  • #346,887
  • Dec 16, 2010 2:27am Dec 16, 2010 2:27am
Quoting apt
* 1.3205 below rectangle range.

Also have a buy for 1.3245 above the rectangle range.

However, it seems like the pair will most likely drop to the downside, than up.
why dont u buy on @205 and sell @245 ?
Verily, in every difficulties there is relief
  • #346,888
  • Dec 16, 2010 2:28am Dec 16, 2010 2:28am
commodities and major currencies seem to be on holidays for Xmas and new year...i dont think EU gonna get out of 1.3000-1.3500 range for next 15 days
OPPORTUNITY LIES WHERE THE MAJORITY IS AFRAID TO GO....
  • #346,889
  • Dec 16, 2010 2:31am Dec 16, 2010 2:31am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting primzvicious
why dont u buy on @205 and sell @245 ?
I did that during Asian session, there is not enough volume to break a range there typically.

245 and 205 are above and below the Asian session range; which means 9 times out of 10 it has broken it and is heading one way or the other.

Typically for most pairs, Sydney and Asian session is for range trading, Frankie is fake out, London is breakout, and New York is volatile.

Each have a potential for any of those 4 though.
  • #346,890
  • Dec 16, 2010 2:31am Dec 16, 2010 2:31am
Quoting rattyo
This could be the start big red 15 min candle forming on EU and a green on dollar index
My same feeling.....big start moving north.
  • #346,891
  • Dec 16, 2010 2:32am Dec 16, 2010 2:32am
Quoting apt
http://i56.tinypic.com/5zf62r.png

Topside break at 1.3250 zone will most likely lead to resistance at 1.3300.

Downward break will encounter strong support at 1.3170 zone and most likely lead this pair in an upward momentum considering end of year U.S. sell offs.
I kind of have to disagree, and are you talking about the futures contracts? if so I think your timing is off.

I am personally short for the long haul, have been since 1.40xx, I don't think we will see above 1.3500 again, atleast for a while, and if so .. it will be very short lived.

I am personally thinking that we are going to be between 1.10-1.29 next year, regardless of state of EU.

I think once we close below around 1.3200 it will be down hill from here.

Like I said, right now, the Euro is just pushing a big rock up an increasingly steeper hill.
Attached Image (click to enlarge)
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In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #346,892
  • Dec 16, 2010 2:38am Dec 16, 2010 2:38am
Quoting 2+2=4ex
what happen?
well I can say the price dropped dramatically yesterday thin range sideways (down move on pause) n I think today that down move will continue and be nice and deep. Experimental classified signal suggesting the same. I've seen this situation before but I don't know how reliable the signal is in this situation. Guess we'll find out. What u been up to mofu?
Founder of Sutherland Wave Principle
  • #346,893
  • Dec 16, 2010 2:41am Dec 16, 2010 2:41am
i'm short 1.3245,sl 40
  • #346,894
  • Dec 16, 2010 2:43am Dec 16, 2010 2:43am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
My buy has been triggered, now I wait
  • #346,895
  • Dec 16, 2010 2:43am Dec 16, 2010 2:43am
Quoting buonvangvn
i'm short 1.3245,sl 40
i am probably wrong. but i think you are going to regret that.
Congratulations ScalaFX for coming out of the closet!
  • #346,896
  • Dec 16, 2010 2:44am Dec 16, 2010 2:44am
I'm long 3247, target 3300.
  • #346,897
  • Dec 16, 2010 2:44am Dec 16, 2010 2:44am
there may be stop until 3283 ot at least 3260 before any shorts imo..stop hunting still going on
  • #346,898
  • Dec 16, 2010 2:45am Dec 16, 2010 2:45am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Andrej
I'm long 3247, target 3300.
Good TP
  • #346,899
  • Dec 16, 2010 2:45am Dec 16, 2010 2:45am
I am not a very good trader but i think its going up today the momentum is changing and i see 1.3350 ~ level
  • #346,900
  • Dec 16, 2010 2:46am Dec 16, 2010 2:46am
Quoting apt
My buy has been triggered, now I wait
I thought you were short at 3215?
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
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