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  • #362,561
  • Jan 11, 2011 10:48am Jan 11, 2011 10:48am
Free style ranging at random ? can't find the clue myself, may they bailing out at random & happy with before the death sentence next . anyway daily close below 2884 be I will be happy , not need 2826 or low today .short again taken top .let real test 2994 & next .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #362,562
  • Jan 11, 2011 10:52am Jan 11, 2011 10:52am
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Founder of Sutherland Wave Principle
  • #362,563
  • Jan 11, 2011 10:54am Jan 11, 2011 10:54am
Quoting cloggie
No change in plan for the day, still buying the dips, still holding onto my position trade and have added to it on that last dip averaging 2922 now after a bit of it was closed out last night on the Asia dip.

London closed, am done for the day.
Darn Cloggie, thought we may get a dip after the London close but that's what I get or thinking huh.

Have a great evening!
  • #362,564
  • Jan 11, 2011 10:54am Jan 11, 2011 10:54am
Quoting fontu
Free style ranging at random ? can't find the of doing so myself . anyway daily close below 2884 be happy , not need 2826 or low today .short again taken top .let real test 2994 & next .
fontu

coffee time
  • #362,565
  • Jan 11, 2011 10:56am Jan 11, 2011 10:56am
Quoting AllyB
Darn Cloggie, thought we may get a dip after the London close but that's what I get or thinking huh.

Have a great evening!

No, no dips that have any hope of going anywhere, other then being bought. We have a textbook retrace in the making, the dips fail to set a low during the volume sessions, the fixes only have one direction now for 2 days, it is not looking too good for the position traders holding shorts. My position trade is doing well and I have been ignoring the drops today, just buying the dips no CT's for me today.

China wants a good euro, India is buying cable, Japan is buying debt, ECB fix was heavily bought, ECB pulled out the right amount of deposits, Spreads are down of the lows, all looking pretty good for a few days here. This is FX, all can change at a whim, right now we all seem to be pulling in the same direction for a bit and I am going to take advantage of that. Cr@p US numbers are finally being priced in with the big boys back this week.
  • #362,566
  • Jan 11, 2011 10:58am Jan 11, 2011 10:58am
Nice wedge formation.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 011111.gif Size: 24 KB
  • #362,567
  • Jan 11, 2011 11:01am Jan 11, 2011 11:01am
Quoting cloggie
No, no dips that have any hope of going anywhere, other then being bought. We have a textbook retrace in the making, the dips fail to set a low during the volume sessions, the fixes only have one direction now for 2 days, it is not looking too good for the position traders holding shorts. My position trade is doing well and I have been ignoring the drops today, just buying the dips no CT's for me today.

China wants a good euro, India is buying cable, Japan is buying debt, ECB fix was heavily bought, ECB pulled out the right amount of deposits,...

Good info, i want to buy so just looking for a good spot to do that.
  • #362,568
  • Jan 11, 2011 11:03am Jan 11, 2011 11:03am
Quoting OldQuant
A consulting firm? The day when a consulting firm report can move the T-bond yield and the yen rate is the day that I just say to hell with it and get a job as a greeter at a WalMart.
With non-objective comments like this (and countless others) you will have 10v's in no time.
  • #362,569
  • Jan 11, 2011 11:03am Jan 11, 2011 11:03am
Quoting AllyB
Good info, i want to buy so just looking for a good spot to do that.

Wait for the next rejection of the day's high here, that should trigger another dip. Not my kind of trade though this time of night.
  • #362,570
  • Jan 11, 2011 11:05am Jan 11, 2011 11:05am
Quoting AlexC
Nice wedge formation.
That's more like a triangle, not the wedge.
  • #362,571
  • Jan 11, 2011 11:05am Jan 11, 2011 11:05am
The spike up explained

Traders are hearing unconfirmed reports that the ECB might expand its bailout fund. Analysts however, see stiff resistance around 1.30 level.
(Dow Jones)
  • #362,572
  • Jan 11, 2011 11:09am Jan 11, 2011 11:09am
Quoting cloggie
Wait for the next rejection of the day's high here, that should trigger another dip. Not my kind of trade though this time of night.
Watching

Will probably stay out and call it a good day myself. Does get awful slow about now.
  • #362,573
  • Jan 11, 2011 11:10am Jan 11, 2011 11:10am
Quoting kill56
coffee time
Perhaps , very soon the train left the station .better wait finish coffee break .lets see .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #362,574
  • Jan 11, 2011 11:11am Jan 11, 2011 11:11am
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 25 weekly triangle jan 5 2011.gif Size: 18 KB
Click to Enlarge Name: 29 daily jan 11 2011.gif Size: 25 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #362,575
  • Jan 11, 2011 11:12am Jan 11, 2011 11:12am
Quoting fontu
Perhaps , very soon the train left the station .better wait finish coffee break .lets see .
fontu

was not bad for a 20
  • #362,576
  • Jan 11, 2011 11:19am Jan 11, 2011 11:19am
Quoting samdani786
Or falling wedge on daily.

Attached Image (click to enlarge)
Click to Enlarge Name: wedge.png Size: 45 KB
  • #362,577
  • Jan 11, 2011 11:20am Jan 11, 2011 11:20am
Taking a cheeky short here at 2976, just for the heck of it of course.
  • #362,578
  • Jan 11, 2011 11:22am Jan 11, 2011 11:22am
Quoting cloggie
Taking a cheeky short here at 2976, just for the heck of it of course.

how many yards
  • #362,579
  • Jan 11, 2011 11:23am Jan 11, 2011 11:23am
My NFP gamble trade is currently at +5. (long @ 1.2970 no sl 50 pip tp), I was right on the spike up but tp missed by 8 pips. Then MC missed by about that. I might bail on a touch of 1.30 if I remember.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #362,580
  • Jan 11, 2011 11:25am Jan 11, 2011 11:25am
Quoting kill56
how many yards

Only a few lots, low leverage, may build on it if it turns out to be something.
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