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  • #360,461
  • Jan 7, 2011 4:50am Jan 7, 2011 4:50am
EU Has not visit pivot in 3 days....
  • #360,462
  • Jan 7, 2011 4:50am Jan 7, 2011 4:50am
Quoting Hda
SNATCH: I love thelast part of your explanation " and like any fool trying to blag his way into a private party, it got its face slapped with the door.. "

i just need THE FOOL to come with a you tube to back it up now

i hate newbies misled into bad trades by dodgy characters, just like the euro misled investors
  • #360,463
  • Jan 7, 2011 4:52am Jan 7, 2011 4:52am
Quoting paul1
No,
Could i point out some observations about major news/volatility.
If you assume the probabilities of these events and include them in your plan there will be no surprises .
1) Oanda will disconnect (fact lol),maybe others ,so assume during the event you will have no control of your positions.

2) No broker can gaurantee stops,limits ,or any orders.

3) enter position size were 100 pip loss is an acceptable dollar loss.
After the initial extreme volatility your more likely to be able to enter/exit trades. at least when oanda re-connects you...
Paul1: Very well said especially Oanda.
  • #360,464
  • Jan 7, 2011 4:52am Jan 7, 2011 4:52am
salam hi all

ready not ready trade or not its friday any always crazy with or with out NFP , dony get fucked safe than sorry market is not going any where it will be here after the news and tomo. we use to get 200-300 pips out of NFP befor 2008 now heck mostly nothing ,

by the way market moves 200pips daily with or with out the NFP

best of luck to all stay in green
  • #360,465
  • Jan 7, 2011 4:55am Jan 7, 2011 4:55am
vladimir, here are the charts explaining a newbie view from a dodgy character, so take care

first bigger view. we bounced off of the lower tl of the supply chan, vol surges and see the result of it, eur made nearly no downside progress on the surge. it is a rule of thumb that everybody has to be more than bearish, including news for a turn of market to kick in. nfp won't be bad i expect.

http://img831.imageshack.us/img831/9778/0701111152h.png
  • #360,466
  • Jan 7, 2011 4:56am Jan 7, 2011 4:56am
Quoting BrunargarFx
Hi Snatch,
I agree with youregarding levels from daily and weekly charts (got reminder from sisse yest regarding the latter) but what do yo mean by "whatever patterns are set up to day will continue at least easter/summer.."
My take would be a fake out move downtrend followed up by a retracement, which will help better reposition for the next down move..
So I just don't understand how today's pattern could influence...

lets say we get a big down move to 2870, it will retrace next week to mid 2900s and that will be the start of the real down trend... that drop you saw from 3400 was just by experts ahead of the game.. next week will tell us where we are heading... just enjoy the show today, dont put your account on the line...
  • #360,467
  • Jan 7, 2011 4:58am Jan 7, 2011 4:58am
like the current scalping box between 2975 and 2995

. high


sell


buy


. low
Hero calls followed by margin calls...
  • #360,468
  • Jan 7, 2011 5:02am Jan 7, 2011 5:02am
Quoting snatch
lets say we get a big down move to 2870, it will retrace next week to mid 2900s and that will be the start of the real down trend... that drop you saw from 3400 was just by experts ahead of the game.. next week will tell us where we are heading... just enjoy the show today, dont put your account on the line...
Hi Snatch.
Thanks for your response, very much appreciated.

and don't worry, I won't put my account on the line on news
  • #360,469
  • Jan 7, 2011 5:02am Jan 7, 2011 5:02am
more detail. this to me looks like building the base and has accumulation character after the execessive vol downbar from yesterday hit us sideways.

honestly...we drop since three days, there are always two campaigns a trading week, discovered 100 years ago. we are below 3000 psychological level, news are bearish (god bless those paying attention to news...) everybody is in eur superbear mode, especially now that we are below 3000.

this is my current chartreading. might fail, but i have my reasons to assume that we will see a rally later on. if not, i was wrong. other opportunities come.

what i hate are people senseless bashing others with a contrarian view- that's lame

http://img145.imageshack.us/img145/3650/0701111159h.png
  • #360,470
  • Jan 7, 2011 5:10am Jan 7, 2011 5:10am
Quoting Dr.Geppynius
vladimir, here are the charts explaining a newbie view from a dodgy character, so take care

simple weekly TLs to catch 400 pips moves, no need for volumes/or following the herd
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 81.png Size: 49 KB
  • #360,471
  • Jan 7, 2011 5:11am Jan 7, 2011 5:11am
Quoting snatch
simple weekly TLs to catch 400 pips moves, no need for volumes/or following the herd
snatch + TLs + (S+R) = true love :-)
Hero calls followed by margin calls...
  • #360,472
  • Jan 7, 2011 5:16am Jan 7, 2011 5:16am
Quoting Dr.Geppynius
more detail. this to me looks like building the base and has accumulation character after the execessive vol downbar from yesterday hit us sideways.

honestly...we drop since three days, there are always two campaigns a trading week, discovered 100 years ago. we are below 3000 psychological level, news are bearish (god bless those paying attention to news...) everybody is in eur superbear mode, especially now that we are below 3000.

this is my current chartreading. might fail, but i have my reasons to assume that we will see a rally later on....
Looking from a pure PA perspective on the daily, a break of the 3000 level could take it down to 2650ish level. Clear resistance at 3430 area.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 48 KB
Seek not to change the world; seek only to change your mind about the world
  • #360,473
  • Jan 7, 2011 5:16am Jan 7, 2011 5:16am
if the non-farms are good news does it mean the Dollar rises ie: EUR.USD will go down?
  • #360,474
  • Jan 7, 2011 5:17am Jan 7, 2011 5:17am
pull up monthly chart, this says 1.15. i am just talking about the next move and not arguing that this looks like more downside. but not in a straight line.

Quoting gez40
Looking from a pure PA perspective on the daily, a break of the 3000 level could take it down to 2650ish level. Clear resistance at 3430 area.
  • #360,475
  • Jan 7, 2011 5:17am Jan 7, 2011 5:17am
Quoting gez40
Looking from a pure PA perspective on the daily, a break of the 3000 level could take it down to 2650ish level. Clear resistance at 3430 area.
we didnt crossed 3000 lvl again last 7 hours ...
Hero calls followed by margin calls...
  • #360,476
  • Jan 7, 2011 5:18am Jan 7, 2011 5:18am
Quoting gh0stjpy
if the non-farms are good news does it mean the Dollar rises ie: EUR.USD will go down?
Hero calls followed by margin calls...
  • #360,477
  • Jan 7, 2011 5:19am Jan 7, 2011 5:19am
Quoting gh0stjpy
if the non-farms are good news does it mean the Dollar rises ie: EUR.USD will go down?
gh0stjpy: That is correct.
  • #360,478
  • Jan 7, 2011 5:20am Jan 7, 2011 5:20am
M5 : It is like this
Attached Image
  • #360,479
  • Jan 7, 2011 5:20am Jan 7, 2011 5:20am
don't pay too much attention to the news, stick to your charts. so to speak good nummbers are good for currency. you do not know how the professional side sees the numbers, this means even if the number comes in better than expected, usd can drop. the explanation for this then is, that they have expected better numbers and it was already priced in.

Quoting gh0stjpy
if the non-farms are good news does it mean the Dollar rises ie: EUR.USD will go down?
  • #360,480
  • Jan 7, 2011 5:22am Jan 7, 2011 5:22am
Here we are seeing a healthy debate between two traders as they present their facts with the greatest level of respect being shown for each other.
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