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EURUSD

  • #383,221
  • Feb 9, 2011 9:19am Feb 9, 2011 9:19am
come on euro give it to me give me 3750-60 to sell
consistency wins
  • #383,222
  • Feb 9, 2011 9:19am Feb 9, 2011 9:19am
Quoting Mr Bull
And isn't this ironic:
There are reports that China is selling EURUSD, which means they are trying to boost the value of the dollar. Now, Bernanke goes on China saying:

Bernanke: CNY is undervalued
Written by Jamie Coleman
February 9, 2011 at 17:08 GMT
China reducing domestic demand by tightening monetary policy and not letting exchange rate strengthen
China should allow domestic demand rise and cut foreign demand by allowing currency to appreciate
Source:
forexlive

My guess is that China heard that and dumped the dollar
not so sure, I've seen that kind of PA around this time of day before and if China were dumping you'd be seeing 100 pip+ spikes (think intervention type PA) not just 40...
  • #383,223
  • Feb 9, 2011 9:21am Feb 9, 2011 9:21am
Running away with my booty.

See you in Asian Session.
The Thief of Wall Street
  • #383,224
  • Feb 9, 2011 9:21am Feb 9, 2011 9:21am
Quoting OldQuant
....
So, if you would be so kind, keep posting 'em when you post. I'll keep looking at 'em, and most everyone else will ignore them as witchcraft. Things as they should be. ...
Sure i will, thanks buddy.

Quoting FibbinArchie
you got an mt4 p'n'f indi?
i use Cute point and figure indicator. You can try it for free, look for the link in my signature.

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  • #383,225
  • Feb 9, 2011 9:22am Feb 9, 2011 9:22am
Time to see others , dow perhaps reached the extreme limit , monthly sr level & should sell off with money back usd , having tripple bottom ready action .
ok , eu sell then .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #383,226
  • Feb 9, 2011 9:22am Feb 9, 2011 9:22am
Quoting Gleneagles
Wow.. as I typed that Euro jumped 40 pips....wonder whether it will work next time?
I went to fix some lunch and missed it. then i saw your email. do it again!
  • #383,227
  • Feb 9, 2011 9:22am Feb 9, 2011 9:22am
Quoting puma1
Sure i will, thanks buddy.



i use Cute point and figure indicator. You can try it for free, look for the link in my signature.

Attachment
thanks...
  • #383,228
  • Feb 9, 2011 9:25am Feb 9, 2011 9:25am
Quoting FibbinArchie
not so sure, I've seen that kind of PA around this time of day before and if China were dumping you'd be seeing 100 pip+ spikes (think intervention type PA) not just 40...
LOL It's just my wild guess but I wouldn't be surprised if that was the reason. Here is China buying dollars, trying hard to boost the dollar in the last days and then Bernanke says something like that. It doesn't look nice, does it ?

EDIT: It seems the real reason is:

New Jersey downgraded
Written by Jamie Coleman
February 9, 2011 at 17:18 GMT
EUR/USD rallied to 1.3723 on news that New Jersey had its debt rating downgraded by S&P. Where do most forex traders in the NY market live? Joisy…
The rating was cut to AA- from AA for general obligation debt due to pension and healthcare liabilities…Most states are in the same boat…
Source:
Forexlive
  • #383,229
  • Feb 9, 2011 9:28am Feb 9, 2011 9:28am
Quoting FibbinArchie
you got an mt4 p'n'f indi?
No, don't use MT4. I've got some P&F code around, but not implemented. You can get a lot of the same indications from it as you can from, say 200 ms refresh, game theoretic book monitoring wahdedos. For example, that this run had a much easier time; that is, was much more aggressively bot than, e.g., the parabolic run yesterday EST afternoon, which means this downmove is much more dangerous that that one was.

Quoting FibbinArchie
I place a lot of value on anything connected to wyckoff, I got the whole course printed out, ...
Is that the futures market wyckoff, Jim? Good guy; actually, I didn't know he was a p&f user.
  • #383,230
  • Feb 9, 2011 9:28am Feb 9, 2011 9:28am
Quoting Mr Bull
LOL It's just my wild guess but I wouldn't be surprised if that was the reason. Here is China buying dollars, trying hard to boost the dollar in the last days and then Bernanke says something like that. It doesn't look nice, does it ?
anything is possible, but I'd put it down to plain old fashioned stop hunting...
  • #383,231
  • Feb 9, 2011 9:28am Feb 9, 2011 9:28am
Quoting FibbinArchie
not quite, I've put a chart on now...

My my, they're after stops, could go higher...
My my, who would have thought about that this morning.

Had three nice runs this mornig on the large down -up-down sequences.

This afternoon was at work and saw, that my count was blasted away.

OK, back to the bench......
  • #383,232
  • Feb 9, 2011 9:28am Feb 9, 2011 9:28am
Quoting OldQuant
No, don't use MT4. I've got some P&F code around, but not implemented. You can get a lot of the same indications from it as you can from, say 200 ms refresh, game theoretic book monitoring wahdedos. For example, that this run had a much easier time; that is, was much more aggressively bot than, e.g., the parabolic run yesterday EST afternoon, which means this downmove is much more dangerous that that one was.

Is that the futures market wyckoff, Jim? Good guy; actually, I didn't know he was a p&f user.
no Richard D. he was a major p'n'f user back in the day...

http://en.wikipedia.org/wiki/Richard_Wyckoff
  • #383,233
  • Feb 9, 2011 9:29am Feb 9, 2011 9:29am
Quoting OldQuant
There is just so much info in P&F. Even some glimpse into the whole (on balance) volume issue so popular these days. And if I were a scalper, I'd have gone short at whatever that number being hidden by the line is, destination 15 down, or the top of that little resistence.

So, if you would be so kind, keep posting 'em when you post. I'll keep looking at 'em, and most everyone else will ignore them as witchcraft. Things as they should be.
Well agree on the different perspective of P&F but the issue is not the tool but how do you use it. I guess the OP knows what his doing...Not everything that glitters is gold.

IMHO,is very misleading to think that is easier to scalp or make very short term with P&F. The strength of that kind of charts is on higher timeframes and important reversals and how useful is to break the vertical perspective on normal charts as TL and perceptive goes in 45 degree angles....so like always it depends not on the tools but in how do you use it.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #383,234
  • Feb 9, 2011 9:30am Feb 9, 2011 9:30am
Quoting ukcool
Glen what did you type, I need to know the formula.
We need to market this....let me work on it.
" Never let the past hold the future to ransom "
  • #383,235
  • Feb 9, 2011 9:32am Feb 9, 2011 9:32am
Quoting sisse
Well agree on the different perspective of P&F but the issue is not the tool but how do you use it. I guess the OP knows what his doing...Not everything that glitters is gold.

IMHO,is very misleading to think that is easier to scalp or make very short term with P&F. The strength of that kind of charts is on higher timeframes and important reversals and how useful is to break the vertical perspective on normal charts as TL and perceptive goes in 45 degree angles....so like always it depends not on the tools but in how do you use it.

sisse
I can see a good application for use with identifying s&d zones on larger tfs...
  • #383,236
  • Feb 9, 2011 9:32am Feb 9, 2011 9:32am
Quoting AllyB
I went to fix some lunch and missed it. then i saw your email. do it again!
Let us try this again tomorrow....will let you know when I post so you can sit with the finger on the ENTER button
" Never let the past hold the future to ransom "
  • #383,237
  • Feb 9, 2011 9:32am Feb 9, 2011 9:32am
Quoting OldQuant
No, don't use MT4. I've got some P&F code around, but not implemented. You can get a lot of the same indications from it as you can from, say 200 ms refresh, game theoretic book monitoring wahdedos. For example, that this run had a much easier time; that is, was much more aggressively bot than, e.g., the parabolic run yesterday EST afternoon, which means this downmove is much more dangerous that that one was.

Is that the futures market wyckoff, Jim? Good guy; actually, I didn't know he was a p&f user.

OQ - Is that code available? If so, I might knock something up in C# for Ninjatrader.
We're all stories in the end. Just try to make it a good one.
  • #383,238
  • Feb 9, 2011 9:34am Feb 9, 2011 9:34am
Quoting infinitus
My my, who would have thought about that this morning.

Had three nice runs this mornig on the large down -up-down sequences.

This afternoon was at work and saw, that my count was blasted away.

OK, back to the bench......
goes to show that heavy hitting participants can blow any technicals out of the water...
  • #383,239
  • Feb 9, 2011 9:35am Feb 9, 2011 9:35am
and in the asian session they buy it back...

first day china is back to trading, we see eur strenghtening over night.

we have plenty of sexy stops to fish in the 3740 area. the boys won't let the money keep laying around...

Quoting Mr Bull
And isn't this ironic:
There are reports that China is selling EURUSD, which means they are trying to boost the value of the dollar. Now, Bernanke goes on China saying:

Bernanke: CNY is undervalued
Written by Jamie Coleman
February 9, 2011 at 17:08 GMT
China reducing domestic demand by tightening monetary policy and not letting exchange rate strengthen
China should allow domestic demand rise and cut foreign demand by allowing currency to appreciate
Source:
forexlive

My guess is that China heard that and dumped the dollar ...
  • #383,240
  • Feb 9, 2011 9:36am Feb 9, 2011 9:36am
Quoting Gleneagles
Let us try this again tomorrow....will let you know when I post so you can sit with the finger on the ENTER button
Deal
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