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  • #347,361
  • Dec 16, 2010 11:33am Dec 16, 2010 11:33am
ALthough I would like the PA to go farther now than closer, looks like creepling death


Quoting BrunargarFx


So far so good....
  • #347,362
  • Dec 16, 2010 11:34am Dec 16, 2010 11:34am
Quoting Geppy
oh ok, silly me. I thought necklines required a significant break and even a close below to be considered valid breaks.

learn something every day!
this is true.. but what tf?
those who can, do. those who cant, talk about those who can
  • #347,363
  • Dec 16, 2010 11:37am Dec 16, 2010 11:37am
Quoting gatorinla
this is true.. but what tf?
no worries gator they are just selling some more tickets for the ride down the hill to the guys who lives uptown..
  • #347,364
  • Dec 16, 2010 11:37am Dec 16, 2010 11:37am
Quoting gatorinla
this is true.. but what tf?
any time-frame... although I'm biased to a min of 1H and preference of 4H+

Also, I heard somewhere that H&S are trend reversal formations which means they occur at tops or bottoms (for inverse H&S). I guess any peak, higher peak, lower peak formation is now a H&S? Man, I sure need to start trading these pattern thingys.
check out my blog: forexmademillionaire dot com
  • #347,365
  • Dec 16, 2010 11:38am Dec 16, 2010 11:38am
Sidelines for now.Don't wanna be greedy going for big risk little reward trades that are out of my trading plan.Waiting to see if she breaks through the 200MA and confirms the up movement on the 1M tf. If she does, I could see her going up to 3235.
Just my 2 cents.
  • #347,366
  • Dec 16, 2010 11:39am Dec 16, 2010 11:39am
Quoting Texaspips

In other words, we may see 1.30xx faster then you think, maybe 1.3060 area by close of the week.
Would like to see that, but end of week may be a little bit to overoptimistic.

My game plan: down to around 3150 for end of wave 1

then up to aound 3367 for wave 2

and then the party gets started for a wave 3 down
  • #347,367
  • Dec 16, 2010 11:39am Dec 16, 2010 11:39am
shorted at 3220, i'm out if it gets above 3235. not really convinced of this trade tho...the bears are really not strong enough, but neither are the bulls
  • #347,368
  • Dec 16, 2010 11:41am Dec 16, 2010 11:41am
Quoting Texaspips
...
Reading the reports, Chinese banks have not been as active in seeking out bonds this week, December aside, it isn't to normal.

In other words, we may see 1.30xx faster then you think, maybe 1.3060 area by close of the week.
If you want china, here this one count?

news time: December 15, 2010 at 23:38 GMT
China Actively Buying EUR/USD Overnight

China was reportedly an active buyer of EUR/USD at regular intervals on the 1.32 handle during the London and NY sessions. Other Asian central banks were also spotted. The amounts are being described as “moderate”.

Just "moderate" amount
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #347,369
  • Dec 16, 2010 11:41am Dec 16, 2010 11:41am
Quoting Texaspips
you never know, everyone has been reading about the EU's debt being purchased by the ECB....

I do not base my trading decision on news and who said what and who owes what.I have seen a market rally for a long time even when things are bad. Infact I do not even think or analyze what the market will do, all I do is follow the market. For now I have just been seeing a sideways market according to my system. To be frank I have not even been in any euro trade since we touched 1.4276. I played it from 1.25 and exist at 1.40. Now my system says it down but for the short-term it's moving sideways and so I will be sitting on the sidelines until I get a signal again. I'm not into the fluctuation game where people try to play the market everyday or every week for 20 or 40pips. I only trade about 5 times in a year and make a great living doing just that. You maybe right about touching the 1.30 sooner but I still think it's a sideways market. 1.34 is where I see this thing testing again until the market movers come back again for the new year.
Prices are never too high to begin buying or too low to begin selling.
  • #347,370
  • Dec 16, 2010 11:43am Dec 16, 2010 11:43am
Quoting Jack.e
shorted at 3220, i'm out if it gets above 3235. not really convinced of this trade tho...the bears are really not strong enough, but neither are the bulls
3215 strong resistance if candle close stays below ur ok otherwise...............
  • #347,371
  • Dec 16, 2010 11:46am Dec 16, 2010 11:46am
enough pullback perhaps , lets see where to down , shorts active .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 7 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #347,372
  • Dec 16, 2010 11:51am Dec 16, 2010 11:51am
Quoting fontu
enough pullback perhaps , lets see where to down , shorts active .
fontu

well i think you you are right i have seen your posts and you are mostly right
  • #347,373
  • Dec 16, 2010 11:52am Dec 16, 2010 11:52am
Quoting fontu
enough pullback perhaps , lets see where to down , shorts active .
fontu
This is the 6th test of this S since last week all of them got rejected in the same way. This is not only a TA level but a fundamental one so It will need some fundamentals to crack the NFP buyers (i.e. Brussels meeting).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #347,374
  • Dec 16, 2010 11:55am Dec 16, 2010 11:55am
Came back from lunch and see the trade(s) are doing nicely.


Here is why I am really long right now in the immediate picture until we turn into more of a convicning downtrend. I believe this is all continuance of the uptrend.

Ok here is my last post and this in the context of the current picture H1...

Trendline breaching lets see what happen it is either make it or break it.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu_weekly.gif Size: 14 KB
Click to Enlarge Name: eu_monthly2.gif Size: 20 KB
Click to Enlarge Name: eu_h1.gif Size: 24 KB
Know when to hold em, Know when to fold em!
  • #347,375
  • Dec 16, 2010 11:55am Dec 16, 2010 11:55am
Quoting aiyoyo
If you want china, here this one count?

news time: December 15, 2010 at 23:38 GMT
China Actively Buying EUR/USD Overnight

China was reportedly an active buyer of EUR/USD at regular intervals on the 1.32 handle during the London and NY sessions. Other Asian central banks were also spotted. The amounts are being described as “moderate”.

Just "moderate" amount
Bah, that isn't really a source ... I wish they put their sources up. I don't care what anyone says, you can't measure volume in intra-day.

The best thing to do IMO is to compare to the currency futures contracts & see what is going on.

'moderate' for China is significant, counting the fact they buy billions worth of debt every month, 10's of not 100's of billions every month in some fashion.

U.S. & Europe owe China/Japan money, Iran owes Russia money, Aussie owes China money, there is more money owed with accumulated interest then there is money in the world.

I think all of this currency fluctuation is just headed towards parity by means of cost of imports/exports & not parity of the actual currency rate.

that's what tax-payers are, the debt to the debt, tax payers jobs is to pay off the bonds for the gov't. Kinda crappy knowing that taxes go up because gov't had to auction off more bonds.
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #347,376
  • Dec 16, 2010 11:56am Dec 16, 2010 11:56am
10 pips more up and I am short with tight SL!
  • #347,377
  • Dec 16, 2010 11:59am Dec 16, 2010 11:59am
Quoting Martingale
10 pips more up and I am short with tight SL!
Ok short triggered.. I am in!
  • #347,378
  • Dec 16, 2010 12:00pm Dec 16, 2010 12:00pm
Quoting Martingale
Ok short triggered.. I am in!
Same here dude.
  • #347,379
  • Dec 16, 2010 12:01pm Dec 16, 2010 12:01pm
Quoting AcidH4X
Same here dude.
Nice to see I am not alone in the boat! ;-)
  • #347,380
  • Dec 16, 2010 12:03pm Dec 16, 2010 12:03pm
Quoting Texaspips
Bah, that isn't really a source ... I wish they put their sources up. I don't care what anyone says, you can't measure volume in intra-day.
http://www.forexfactory.com/showthre...52#post4248552
look where we were then, and where we are now, schlauschiss.
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