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  • #357,321
  • Jan 3, 2011 7:55pm Jan 3, 2011 7:55pm
Quoting Magix
I think NFP this week will be the true teller of the trend.

As I see it, GBP still has a bit more chart to fill northside, though I am still only triggering the quickies on it. 5712 is the area that we should see...but, that is only if I tracked things proper.

Strength on GU could still show as weakness on USD and wait for some money to move into market. Come NFP a little BS data could send everything into a tail spin.
I think a 'big' overlooked factor in all of this 'risk' {aud, euro, etc} is the S&P ... IMO, the S&P has been artificially inflated and is bound for a reversal.

This week the fed's are buying up everyday & then the port. bonds are going, should make for a new trend setter .. IMO, it will be like the past 5 weeks have been erased and then resumed from that point.

But who knows, ready to flip of opportunity arrives.
  • #357,322
  • Jan 3, 2011 7:58pm Jan 3, 2011 7:58pm
Quoting Jwalk
Thanks ForexTree.. That's is insightful..
I now see what your looking into and am tempted to walk with my 25 pips.

However, I also see a strong confluence of resistance above 1.337. What observations could you share about this level? Opinions welcome..
Jwalk

I am watching how the 1.3314 to 1.3305 spot holds if it dose i will stick to last target

Quoting ForexTreeGuy
This is what i was using for my guessing and no i wasn't trying to be a smart ass. Just learning as best I can.
  • #357,323
  • Jan 3, 2011 7:59pm Jan 3, 2011 7:59pm
Quoting mikej2010
I think a 'big' overlooked factor in all of this 'risk' {aud, euro, etc} is the S&P ... IMO, the S&P has been artificially inflated and is bound for a reversal.

This week the fed's are buying up everyday & then the port. bonds are going, should make for a new trend setter .. IMO, it will be like the past 5 weeks have been erased and then resumed from that point.

But who knows, ready to flip of opportunity arrives.
Exactly...That's why your trade station comes with a buy and sell button my friend...

Ya don't gotta fall in love with nothing. If opportunity knocks but once, go to bed with your pants on...as it were....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #357,324
  • Jan 3, 2011 7:59pm Jan 3, 2011 7:59pm
Quoting GulfCoastPip
Hey mikej2010,

I posted earlier, but it appears that you were still in school and haven't yet caught up on the posts. Since you're online now I'll provide you a link to my post:

http://www.forexfactory.com/showpost...stcount=357315
Yes, Keep calling those shots AFTER they happen ... bravo, my hat off to you!


I am soo impressed, please tell me your entire strategy , play by play, day by day, hour by hour.
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  • #357,325
  • Edited 8:18pm Jan 3, 2011 8:01pm | Edited 8:18pm
Quoting mikej2010
Yes, Keep calling those shots AFTER they happen ... bravo, my hat off to you!


I am soo impressed, please tell me your entire strategy , play by play, day by day, hour by hour.
After my ass!!!

You stepped into the piss stream dude!

It users like you that post nonsense post after post and think you're a professional trader because you're taking some ECON 101 class at your local community college. You've been a member here for what two months and you have over 800 posts?

Chill out on the posting of nonsense, garbage and attacking people because they have differing views of the market. It's guys like you why I and 10 to 20 others don't post here as often as we do. In fact if this joint was a little more civil and had less trash floating around we'd probably even share some pretty dog-gone profitable trading methods! I for one scalp and trade longer term, but I'd be damned if I'd share in this environment (and no, I'd never charge anyone either, like some of you shysters)!

GulfCoastPip

* Helping to clean this joint up, one user at a time.
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  • #357,326
  • Jan 3, 2011 8:03pm Jan 3, 2011 8:03pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/png.gif 2011-01-04_02h29_EURUSD _ min 240 _ 002 (candle + volume).PNG (19.3 KB)

5-6 Stunden später ...

;-)
5-6 hours later we have seen our first reversal point at 1.3331 ...

Lowest been taken has been 1.33290 (lowest ask price here) ...

Long 1.3331 for an attempt towards 1.3383/ 95 or even above that towards 1.3429 at first ...

;-)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #357,327
  • Edited 8:20pm Jan 3, 2011 8:04pm | Edited 8:20pm
It's like watching a car accident from the other lane in here sometimes.
Don't Panic. Stay With You're Group.
  • #357,328
  • Jan 3, 2011 8:05pm Jan 3, 2011 8:05pm
FOREX FACTORY MEMBERS & GUESTS

Im turning in for the night, see you all at 3am EASTERN tomorrow.

Pipchick: Keep everyone sharp with your blow by blow analysis.
  • #357,329
  • Jan 3, 2011 8:06pm Jan 3, 2011 8:06pm
Quoting Hda
FOREX FACTORY MEMBERS & GUESTS

Im turning in for the night, see you all at 3am EASTERN tomorrow.

Pipchick: Keep everyone sharp with your blow by blow analysis.
Have a good rest HDA
  • #357,330
  • Jan 3, 2011 8:07pm Jan 3, 2011 8:07pm
Quoting Hda
FOREX FACTORY MEMBERS & GUESTS

Im turning in for the night, see you all at 3am EASTERN tomorrow.

Pipchick: Keep everyone sharp with your blow by blow analysis.
Goodnight man. 3AM is part of that plan we were talking about before. Adjusting to it is almost impossible for me but I'll keep setting the clock.
Don't Panic. Stay With You're Group.
  • #357,331
  • Jan 3, 2011 8:09pm Jan 3, 2011 8:09pm
Giving that it's first week of the year and low liquidity is expected, EUR/USD is likely to go down towards ema 56. Looking at SPI 500 it's pretty much topped and a short term reversal is expected, EUR/USD is like to reflect this correlation. I am currently holding a short at 1.3385.


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  • #357,332
  • Jan 3, 2011 8:21pm Jan 3, 2011 8:21pm
Attached Image (click to enlarge)
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tg - back to supply
  • #357,333
  • Jan 3, 2011 8:22pm Jan 3, 2011 8:22pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/pdf.gif 2011-01-03_18h29_CHARTING MARKETS - Euro, Dollar Index Agree To Take A Break.pdf (7.0 KB)


Anyway ... here is something to read in the time between ...


btw .. I would prefer this one ...

http://www.jever.de/#/produkte/pilsener/


CHARTING MARKETS: Euro, Dollar Index Agree To Take A Break
3 Jan 2011, 18:29

By Stephen Cox, CMT
A DOW JONES NEWSWIRES...
http://cdn.forexfactory.com/images/attach/pdf.gif 2011-01-04_00h31_ASIA DAILY FOREX OUTLOOK - Majors +.pdf (11.5 KB)





ASIA DAILY FOREX OUTLOOK - Majors
4 Jan 2011, 00:31

SINGAPORE (Dow Jones)




EUR/USD - to consolidate with bullish bias. Pair supported by positive global risk sentiment; stronger euro-zone manufacturing PMI of 57.1 last month vs initial estimate of 56.8 and 55.3 in November; Chinese vice premier Li Keqiang's comment in Spanish newspaper El Pais that China would continue to buy Spain's government bonds to support stability in EU. But EUR/USD topside limited by improved USD sentiment, lingering worries euro-zone sovereign debt crisis will intensify this year; ECB data showing central bank settled just EUR164 million in government bond purchases last week vs EUR1.121 billion the week before, exacerbating concerns about liquidity ahead of debt issuance by European governments and banks. Data focus: 0900 GMT German December labor market statistics, 1000 GMT December flash estimate euro area inflation. EUR/USD daily chart positive-biased as MACD & stochastics bullish. Resistance at 1.3394 (yesterday's high), then at 1.3425 (Friday's high); breach would expose upside to 1.3500 (Dec. 14 reaction high, near 55-day moving average), then 1.3786 (Nov. 22 reaction high). Support at 1.3303 (hourly chart), then at 1.3248 (yesterday's low); breach would temper near-term positive outlook, exposing downside to 1.3210 (Thursday's low), then 1.3081 (Wednesday's low, near 200-day moving average), 1.3070 (Dec. 27 low) and 1.3053 (Dec. 23 low).



;-)
Attached File(s)
File Type: pdf 2011-01-04_00h31_ASIA DAILY FOREX OUTLOOK - Majors +.pdf   12 KB | 305 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #357,334
  • Jan 3, 2011 8:25pm Jan 3, 2011 8:25pm
Quoting redsword11
Attachment



tg - back to supply

Looks like u nailed it to me.
  • #357,335
  • Jan 3, 2011 8:25pm Jan 3, 2011 8:25pm
Quoting mercy seat
5-6 hours later we have seen our first reversal point at 1.3331 ...

Lowest been taken has been 1.33290 (lowest ask price here) ...

Long 1.3331 for an attempt towards 1.3383/ 95 or even above that towards 1.3429 at first ...

;-)

http://cdn.forexfactory.com/images/attach/png.gif 2011-01-04_03h17_EURUSD _ min 015 _ 002 (candle + volume).PNG (18.2 KB)


5-6 hours later we have seen our first reversal point at 1.3331 ...

Lowest been taken has been 1.33290 (lowest ask price here) ...

Long 1.3331 for another attempt towards 1.3383/ 95 or even above that towards 1.3429 at first ...

Und tschüss



;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-04_03h17_EURUSD _ min 015 _ 002 (candle + volume).PNG Size: 18 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #357,336
  • Edited 8:40pm Jan 3, 2011 8:26pm | Edited 8:40pm
If she falls to 1.3340 I'm short for a bit, or few pips.


Change of plans. Went in at 1.33459 and was out 8 minutes later at 13393.
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Don't Panic. Stay With You're Group.
  • #357,337
  • Jan 3, 2011 8:27pm Jan 3, 2011 8:27pm
Quoting redsword11
Attachment



tg - back to supply
I like your charts redsword I like how you explain your thinking on them.
  • #357,338
  • Jan 3, 2011 8:34pm Jan 3, 2011 8:34pm
What was support, is now resistance...

Support on the M15(3321 current), and not liking longs until/unless we clear rollover...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #357,339
  • Jan 3, 2011 8:42pm Jan 3, 2011 8:42pm
i'm long 1.3345
  • #357,340
  • Jan 3, 2011 8:43pm Jan 3, 2011 8:43pm
LADDER UP can't buy sushi in dollars any more.
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