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Price is everything

  • #9,441
  • Feb 18, 2011 3:17am Feb 18, 2011 3:17am
The spike down that just happened in EU is a perfect example of my question of a ciouple of days ago.
Compression into demand again??
Or rejection from 3590 zone (support becomes resistance).
The same in EG @8393 (daily S1)

I guess we don't know until we have a confirmation from next bar?? Isn't it??
Tks for the comments traders!!
  • #9,442
  • Feb 18, 2011 3:20am Feb 18, 2011 3:20am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: c.jpg Size: 54 KB




....... and out
  • #9,443
  • Feb 18, 2011 3:22am Feb 18, 2011 3:22am
Quoting maurofx
The spike down that just happened in EU is a perfect example of my question of a ciouple of days ago.
Compression into demand again??
Or rejection from 3590 zone (support becomes resistance).
The same in EG @8393 (daily S1)

I guess we don't know until we have a confirmation from next bar?? Isn't it??
Tks for the comments traders!!
No need of S1 in case of EG, simple M5 tells it all.
http://www.pictureup.cz/media/images...e8c41eaa5e.png.

EU needs to resolve 1.357-36 situation. Maybe safe buy now for a swing up.
  • #9,444
  • Feb 18, 2011 3:24am Feb 18, 2011 3:24am
Quoting Sdvsa
No need of S1 in case of EG, simple M5 tells it all.

EU needs to resolve 1.357-36 situation. Maybe safe buy now for a swing up.
Bought EU, preliminary TP 1.3585.

My strong suspicion now is we are in down mode.
Ready to bail at the fail of 1.357.
  • #9,445
  • Feb 18, 2011 3:26am Feb 18, 2011 3:26am
Quoting redsword11
bought loony @ 0.98361


25 pip stop


Attached Image (click to enlarge)
Click to Enlarge Name: loony.jpg Size: 59 KB




closed most
  • #9,446
  • Feb 18, 2011 3:29am Feb 18, 2011 3:29am
Quoting Sdvsa
Bought EU, preliminary TP 1.3585.

My strong suspicion now is we are in down mode.
Ready to bail at the fail of 1.357.
Scalped 2/3.

edit: and out.
  • #9,447
  • Feb 18, 2011 3:33am Feb 18, 2011 3:33am
GBP always seems to always have a huge reaction to news. Big gap on EG
  • #9,448
  • Feb 18, 2011 3:35am Feb 18, 2011 3:35am
Quoting emene
Good to see you back in Pipland, been skiing again ?
Need to step back and reinvigorate my learning process,
far from done.

Hopefully never done, but walking the path at all times.
  • #9,449
  • Feb 18, 2011 3:42am Feb 18, 2011 3:42am
Quoting ignored
GBP always seems to always have a huge reaction to news. Big gap on EG
I got a 15 pip gap on GU and 6 en EG. IF they tend to close now...wich effect will prevail on EU.
I think EU up, but no t putting my money on it. T
Gaps closing is not exact science. Totally flat.
  • #9,450
  • Feb 18, 2011 3:46am Feb 18, 2011 3:46am
Didn't got the balls to take the long trade cause of GBP news. But look at yellow TL and where price bounced from after news.
Sometime it looks like exact science.
Attached Image (click to enlarge)
Click to Enlarge Name: gy.jpg Size: 150 KB
  • #9,451
  • Feb 18, 2011 3:50am Feb 18, 2011 3:50am
Quoting maurofx
I got a 15 pip gap on GU and 6 en EG. IF they tend to close now...wich effect will prevail on EU.
I think EU up, but no t putting my money on it. T
Gaps closing is not exact science. Totally flat.
I was +10 on EG but after the gap down -12. Sigh. The good thing is it bounced on a demand level on 15min chart.
  • #9,452
  • Feb 18, 2011 3:52am Feb 18, 2011 3:52am
Quoting maurofx
Didn't got the balls to take the long trade cause of GBP news. But look at yellow TL and where price bounced from after news.
Sometime it looks like exact science.
Deepest impact of talking to Red on me was exactly that: no mystery in the markets -- it is precisely manufactured mechanism and once you understand that, you seek for clarity, not for some "otherwordly schemes".
  • #9,453
  • Feb 18, 2011 3:53am Feb 18, 2011 3:53am
Attached Image (click to enlarge)
Click to Enlarge Name: loony.jpg Size: 57 KB



in again


bought it, same tg zone
  • #9,454
  • Edited 4:09am Feb 18, 2011 3:56am | Edited 4:09am
Time to make a choice...

SOLD IT

And out @ s1 (3556) and demand zone . Also out GU +5 (too fuc*ng soon!)
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 158 KB
  • #9,455
  • Feb 18, 2011 4:13am Feb 18, 2011 4:13am
Looking to long GU @ 6184 yellow line and news GAP close.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 144 KB
  • #9,456
  • Feb 18, 2011 4:14am Feb 18, 2011 4:14am
Quoting redsword11
Attachment


in again


bought it, same tg zone

Attached Image (click to enlarge)
Click to Enlarge Name: loony.jpg Size: 54 KB




kaboom




spill them all - those instutional fcuks
  • #9,457
  • Feb 18, 2011 4:16am Feb 18, 2011 4:16am
Their orderflow can not be hidden on a chart
  • #9,458
  • Edited 4:43am Feb 18, 2011 4:24am | Edited 4:43am
Bought EU tg @ 3572.
Also bought GU as planned. TG TBD.

Out +2. EUR GBP seems to be going down and will drga eu with it as gu stalls!

WRONG! I should have kept the trade. Well, better missing than loosing...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 170 KB
  • #9,459
  • Feb 18, 2011 4:27am Feb 18, 2011 4:27am
GU long. Expect some resistance @6212 area.
Let's see how it plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 150 KB
  • #9,460
  • Feb 18, 2011 4:31am Feb 18, 2011 4:31am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 82 KB



tight
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