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  • #389,501
  • Feb 17, 2011 12:06pm Feb 17, 2011 12:06pm
Quoting T@rantula
Im more inclined to sell EU...we will see..

This PA looks like a consolidation point at upper range.

Sold EU 3562

TP 3525-3495

S/L 35 pips or manual due to news.
Strange day..... Iran fundamentals propelled this pair up, got +15 on first spike scaling out then reversed for a total of - 20 pips lost

AUDUSD trade closed for + 15 pips.

Overall -5 today.
  • #389,502
  • Feb 17, 2011 12:06pm Feb 17, 2011 12:06pm
Anyone has an idea where US/CAD is going? I'm long quite heavy with target 0.99. I don't think that's too much to ask?

Any comment welcome.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #389,503
  • Feb 17, 2011 12:09pm Feb 17, 2011 12:09pm
Quoting kill56
this range been here for a while now we need a break ,its a cycle for us to down deep we must have some up move with new highs ,
then the big dump
Quoting Venice
I was having fun with the chop until about a half hour ago. Now I am unsure of the direction. Flat for now. Bias is starting to wain to the short side though.
Trend line seems too obvious and no sell off...
  • #389,504
  • Feb 17, 2011 12:10pm Feb 17, 2011 12:10pm
Quoting Venice
I was having fun with the chop until about a half hour ago. Now I am unsure of the direction. Flat for now. Bias is starting to wain to the short side though.

it was a nice range to play with in and out south and north red and green after all was sweet with honey
  • #389,505
  • Feb 17, 2011 12:11pm Feb 17, 2011 12:11pm
Quoting FibbinArchie
Trend line seems too obvious and no sell off...
I do see a lot of supply consumption spikes on the 15m. Maybe the last little recoil before blast off...
  • #389,506
  • Feb 17, 2011 12:11pm Feb 17, 2011 12:11pm
http://www.querschuesse.de/wp-conten...24-450x388.jpg


Of course this has nothing to do with monetary policy by central banks
  • #389,507
  • Feb 17, 2011 12:13pm Feb 17, 2011 12:13pm
Quoting T@rantula
Strange day..... Iran fundamentals propelled this pair up, got +15 on first spike scaling out then reversed for a total of - 20 pips lost

AUDUSD trade closed for + 15 pips.

Overall -5 today.
the day isn't really strange

AUDUSD and EURUSD spiked up because unemployment claims for their counter currency (USD) turned out negative which made all pairs with USD as the base currency like usdcad, usdchf, usdjpy dropped. While others with the usd as the counter currency spiked up and gained more value.

Thats my little contribution.

ECN.
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #389,508
  • Feb 17, 2011 12:14pm Feb 17, 2011 12:14pm
Quoting kill56
bro a daily close above 3620 might take us to 3680 then to 3750

might be wrong lets see where we close tonight best of luck
WS bro, its Thursday and i only take on long term (weekly) trades beginning of week Mon-Tue mainly, sometimes weds or rarely mid thurs if trend reverses (close trades fri 10am or set tight SL and let it rip if need be), day almost over so nuttin gonna happen till Mon and see wat develops

ps: i heard they sacked the PA cabinet, gotta be good right? or is it another ploy to rig elections???
  • #389,509
  • Feb 17, 2011 12:14pm Feb 17, 2011 12:14pm
Quoting FibbinArchie
Trend line seems too obvious and no sell off...

That may be the reason, but i guess that until US stops buying stocks we will not see move down in Eur/USD
  • #389,510
  • Feb 17, 2011 12:15pm Feb 17, 2011 12:15pm
Quoting T@rantula
Strange day..... Iran fundamentals propelled this pair up, got +15 on first spike scaling out then reversed for a total of - 20 pips lost

AUDUSD trade closed for + 15 pips.

Overall -5 today.
I am still holding my long on AUD/USD not sure where to exit. Your thought is always appreciated, thanks.
  • #389,511
  • Feb 17, 2011 12:15pm Feb 17, 2011 12:15pm
Quoting KillerWhale
Anyone has an idea where US/CAD is going? I'm long quite heavy with target 0.99. I don't think that's too much to ask?

Any comment welcome.

Shamu

keep an eye on 9833 if we close below daily no more shorts a close above 9904 in sight might be wrong
  • #389,512
  • Feb 17, 2011 12:19pm Feb 17, 2011 12:19pm
Nice USDX chart.
Quoting samdani786
This is the reason, Again this is my point of veiw and i could be wrong completely . Just that i like to have a road map ahead of time and if the price follow that , I follow the map

  • #389,513
  • Feb 17, 2011 12:19pm Feb 17, 2011 12:19pm
When we go over 3609 we will likely see a new high.

Last hour or so I thought about the top could be in and the move down could at the end be a leading diagonal.

But for that to come true we have to make a new low now and we do not want price to move above 3609 now (wich would invalidate this count).

Keep in mind:

If the leading diagonal comes true (wave 1 down) wave 2 up retraces normally between 62 and 83%
  • #389,514
  • Edited 12:30pm Feb 17, 2011 12:20pm | Edited 12:30pm
Quoting gh0stjpy
WS bro, its Thursday and i only take on long term (weekly) trades beginning of week Mon-Tue mainly, sometimes weds or rarely mid thurs if trend reverses (close trades fri 10am or set tight SL and let it rip if need be), day almost over so nuttin gonna happen till Mon and see wat develops

ps: i heard they sacked the PA cabinet, gotta be good right? or is it another ploy to rig elections???
la misma mierda

you know its bull we need to cut the head of the snake
  • #389,515
  • Feb 17, 2011 12:20pm Feb 17, 2011 12:20pm
Quoting 1stECN
the day isn't really strange

AUDUSD and EURUSD spiked up because unemployment claims for their counter currency (USD) turned out negative which made all pairs with USD as the base currency like usdcad, usdchf, usdjpy dropped. While others with the usd as the counter currency spiked up and gained more value.

Thats my little contribution.

ECN.

DO u know why it has happened?
If it hadnt been for Iran news we would have had EURUSD spike down to my projected targets 3525-3495. Im sure about it. We got only 3540. US got mixed fundamentals and as far as I can see If we dont close above 3650 we are preparing for a move south.
  • #389,516
  • Feb 17, 2011 12:22pm Feb 17, 2011 12:22pm
Quoting 4xs
I am still holding my long on AUD/USD not sure where to exit. Your thought is always appreciated, thanks.
I was short on AUDUSD and my TP was missed for a mere 5 points so I closed it for 15 points only on a retrace upward.

AUDUSD is at 76.4 Fib extension breaking all levels to the upside. I would say its time to exit longs.

1.0177 is the absolute top as I can see.
  • #389,517
  • Feb 17, 2011 12:24pm Feb 17, 2011 12:24pm
Hi Tarantula & co,

Anyone got a Pips to Open count indicator for meta trader handy

Thanks in advance
Pipper
Disclaimer: Check your 1m charts
  • #389,518
  • Feb 17, 2011 12:28pm Feb 17, 2011 12:28pm
Quoting infinitus
When we go over 3609 we will likely see a new high.

Last hour or so I thought about the top could be in and the move down could at the end be a leading diagonal.

But for that to come true we have to make a new low now and we do not want price to move above 3609 now (wich would invalidate this count).

Keep in mind:

If the leading diagonal comes true (wave 1 down) wave 2 up retraces normally between 62 and 83%


OK, that was it with the leading diagonal.

What now:

a) new high

b)maybe we have seen the top and wave 1 down is somehow an impulse. On 5m TF I can count an impulse. But on 1min it looks awful (but hey: with a little bit fantasy......). So we look at 15min TF: no way to count here an impulse, but maybe the first down was the impulse and then a flat correction follows. We would have seen now nearly 75% retracement from the first wave down, so we should reverse here

Solution:

Coin toss


I lean towards A
  • #389,519
  • Feb 17, 2011 12:28pm Feb 17, 2011 12:28pm
Quoting kill56
you know its bull we need to cut the head of the snake
rem bro divide and conquer, that wat happened, now the rats falling one by one and new order will be establashed, hopefully stronger and fairer to its people, god willing.

can u/anyone give your thoughts for today, as i see it yesterdays highs (resistance) became todays (low) support as it has bounced off and remained above 1.3550, whereas all week it has bounced of 1.3550 and fallen, am learning all the while and daily moves confuse me , wat are the main things i should be lookin at??, longer term 2H & 4H am fine with lol!
  • #389,520
  • Feb 17, 2011 12:28pm Feb 17, 2011 12:28pm
Quoting pipper
Hi Tarantula & co,

Anyone got a Pips to Open count indicator for meta trader handy

Thanks in advance
Pipper
hmm not exactly. Why do u need it?
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