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  • #369,481
  • Jan 20, 2011 6:23pm Jan 20, 2011 6:23pm
Quoting Abu-Rami
Hi there,
Sorry for the last couples of days i had a bad technical problem with my PC.

lets see where we will go at the end of this week...
http://4.bp.blogspot.com/_eJeoUej2Uk...2011-Table.png

http://2.bp.blogspot.com/_eJeoUej2Uk...21-01-2011.png


agree , today should be a quite day, i reckon 13450 is the good position to enter. 13435 will be better. if bull, 60 pips will be the most.
  • #369,482
  • Jan 20, 2011 6:23pm Jan 20, 2011 6:23pm
Quoting alexxi
and?

I am not even going to try! might show that bears are still quite strong?

if a candle shows no lower/underwick wick - what does that tell you ?
  • #369,483
  • Jan 20, 2011 6:26pm Jan 20, 2011 6:26pm
Quoting Maxsmart
So I am expecting the German IFO data to be pretty good when it comes out and most likely beat expectations like the German ZEW Economic Sentiment.

The caveat is that it's no secret that Germany is in fact performing much better than the rest of it's European counterparts that are in focus for the sovereign debt crisis mainly Ireland, Greece, Spain, and Portugal. Therefore, I doubt it will mitigate market fears.

So while I am expecting a bit of a rally in anticipation of the announcement and after the figures come out it will be interesting to...
i like your open attitude,but whats your reason for eur to move up to 1.38 ???why does europe need a strong euro,if it decreases ability to conquer with,cheaper countries,and also it slows down the economy.
  • #369,484
  • Jan 20, 2011 6:27pm Jan 20, 2011 6:27pm
[quote=redsword11;4331491]if a candle shows no lower/underwick wick - what does that tell you ?[/quote
There is no selling presure.
  • #369,485
  • Jan 20, 2011 6:27pm Jan 20, 2011 6:27pm
Quoting redsword11
ok V



anyone else ?
Bad print?
  • #369,486
  • Jan 20, 2011 6:27pm Jan 20, 2011 6:27pm
Quoting redsword11
if a candle shows no lower/underwick wick - what does that tell you ?
sounds like a case of pure DEMAND. buyers > sellers. therefore price rises?!?
  • #369,487
  • Jan 20, 2011 6:29pm Jan 20, 2011 6:29pm
[quote=mdiz2;4331501]
Quoting redsword11
if a candle shows no lower/underwick wick - what does that tell you ?[/quote
There is no selling presure.


OK -anyone/trader got any other input?
  • #369,488
  • Jan 20, 2011 6:29pm Jan 20, 2011 6:29pm
Bulls are reconquering 1.346x resistance
  • #369,489
  • Jan 20, 2011 6:30pm Jan 20, 2011 6:30pm
Quoting iflyjetzzz
Bad print?

yep - thats a good one
  • #369,490
  • Jan 20, 2011 6:32pm Jan 20, 2011 6:32pm
Quoting Dropped Onion
sounds like a case of pure DEMAND. buyers > sellers. therefore price rises?!?


valid



ok - lets keep the thoughts coming - we are traders therefore we read the charts


lets read
  • #369,491
  • Jan 20, 2011 6:34pm Jan 20, 2011 6:34pm
[quote=redsword11;4331507]
Quoting mdiz2



OK -anyone/trader got any other input?
Stop hunts by big money?

Big Money orders triggered by currency swaps?
A pip is only worth it if you know how much you risked to earn it
  • #369,492
  • Jan 20, 2011 6:34pm Jan 20, 2011 6:34pm
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 78 KB




awaiting entry north
  • #369,493
  • Jan 20, 2011 6:35pm Jan 20, 2011 6:35pm
[quote=vlady1974;4331515]
Quoting redsword11

Stop hunts by big money?

Big Money orders triggered by currency swaps?


........ and what usually happens after a hunt?
  • #369,494
  • Jan 20, 2011 6:35pm Jan 20, 2011 6:35pm
Quoting pinkiaiii
i like your open attitude,but whats your reason for eur to move up to 1.38 ???why does europe need a strong euro,if it decreases ability to conquer with,cheaper countries,and also it slows down the economy.
I agree with you. My trade is actually down targeting 1.31. I have a short at 1.3450. However, we saw a good reaction to the bond auctions of for both spain and portugal which helped contribute to this rally. If we have a close on the daily chart above 1.35 we have a big breach of a Technical level and the next resistance comes in around 1.3740. So I am just ready for the other trade in case I am wrong. Due to the fundamentals, I don't think at any rally will be sustained by the Euro. Even if we do manage to break above 1.35 and hit 1.38 I think that we will be heading back down to 1.30 before March when they finally decide to tackle the crisis.
  • #369,495
  • Jan 20, 2011 6:36pm Jan 20, 2011 6:36pm
Quoting style2fx
Bulls are reconquering 1.346x resistance
Far be it for me to proclaim this a pattern, but I've noticed that the EUR tends to sell off between the US market close and this time of day. And then it's been rallying in Asian trading.
I bought on the dip so I may just be talking my book ... (TP 1.3495).

Edit: Took the quick 20 pips at 34755. Too fast a move; will reload in the 346x area.
  • #369,496
  • Jan 20, 2011 6:36pm Jan 20, 2011 6:36pm
Quoting redsword11
if a candle shows no lower/underwick wick - what does that tell you ?

The market maker hit the big stop he was aiming for.
  • #369,497
  • Jan 20, 2011 6:38pm Jan 20, 2011 6:38pm
[quote=redsword11;4331518]
Quoting vlady1974



........ and what usually happens after a hunt?
Goes back to where price was before.
  • #369,498
  • Jan 20, 2011 6:38pm Jan 20, 2011 6:38pm
Quoting AlexC
The market maker hit the big stop he was aiming for.



ok - after he hit the stop - now what ?


lets get the reading glasses on and keep going traders
  • #369,499
  • Jan 20, 2011 6:39pm Jan 20, 2011 6:39pm
All the major support resistance clusters are in 20pips zones now 3460,xx40,xx20,3380 same to the upside loads of walls either direction,saying that Chinese probably wont have much power to brake any of these :/
  • #369,500
  • Jan 20, 2011 6:41pm Jan 20, 2011 6:41pm
[quote=AlexC;4331524]
Quoting redsword11

Goes back to where price was before.

yeah - north, quite a bit
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