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  • #401,841
  • Mar 7, 2011 5:37am Mar 7, 2011 5:37am
Thanks all for sharing your views.

I have closed my last bullish position (may be too early for today but with Trichet I prefer playing it safe).

Contemplating buying back in a dip but only if I can follow it tightly intraday.

Staying off otherwise as not sure if the USDX will bounce back up or not...
  • #401,842
  • Mar 7, 2011 5:38am Mar 7, 2011 5:38am
heading to er, lunch..be back in..ehh, an hour or so.......good luck, PTL
Look Sharp/Trade Tight
  • #401,843
  • Mar 7, 2011 5:43am Mar 7, 2011 5:43am
Hi Hatch,


Nice Chart and levels, makes things clearer for me.

It leaves room for nice fluctuations up and down intraday, which would not be surprising at this stage. Your level of 1.407X is quite interesting. I'd like to see a retrace back to the 1.38 level, may be before reaching the 1.42X...

B.

Quoting Mr Hatch
possibly soon.
  • #401,844
  • Mar 7, 2011 5:45am Mar 7, 2011 5:45am
Quoting Mr Hatch
make her look like that... I know, the wives wouldn't agree or confirm, but then again, they wouldn't hold the iPad either...

no risk, no fun.

LOL! Stop the pictures, I'm losing focus!

  • #401,845
  • Mar 7, 2011 5:52am Mar 7, 2011 5:52am
Quoting disegnosys
LOL! Stop the pictures, I'm losing focus!

kk, to get you back

http://www.new-ton.de/bilder/show_ku.../grimasse1.jpg
  • #401,846
  • Mar 7, 2011 5:55am Mar 7, 2011 5:55am
Quoting BrunargarFx
Anyone bearish on higher TF?
What reason would you be looking for a bearish movement ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #401,847
  • Mar 7, 2011 6:00am Mar 7, 2011 6:00am
Quoting Mr Hatch
kk, to get you back

http://www.new-ton.de/bilder/show_ku.../grimasse1.jpg

Thanks, that did it! I'm ready to try a make pips now.

  • #401,848
  • Mar 7, 2011 6:01am Mar 7, 2011 6:01am
Good Morning. Is anyone tracking - Trichet this am? Looking for a link.... Not seeming to pop up on the ECB site....
Do your time and enjoy the ride...
  • #401,849
  • Mar 7, 2011 6:05am Mar 7, 2011 6:05am
I sorta feel sorry for UK. If Trichet raises the interest rates, the value of EUR is definitely going to spiral into nothing.

Hope he comes to his senses on this one.
  • #401,850
  • Mar 7, 2011 6:12am Mar 7, 2011 6:12am
I have MACD bearish HD developping on 1H Tf, we are getting close to a major Res at 1.428x and USDX at a low. CCI and RSI are overbought on daily and weekly (CCI).

Quoting DarkWolF
What reason would you be looking for a bearish movement ?
  • #401,851
  • Mar 7, 2011 6:18am Mar 7, 2011 6:18am
I'm trading this trend at TF 30min
Attached Image (click to enlarge)
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  • #401,852
  • Mar 7, 2011 6:22am Mar 7, 2011 6:22am
Quoting BrunargarFx
I have MACD bearish HD developping on 1H Tf, we are getting close to a major Res at 1.428x and USDX at a low. CCI and RSI are overbought on daily and weekly (CCI).

I see. Quite possibly we will see some down move of some description but one would have to say that the current prevailing trend would still be long.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #401,853
  • Mar 7, 2011 6:23am Mar 7, 2011 6:23am
Quoting BrunargarFx
I have MACD bearish HD developping on 1H Tf, we are getting close to a major Res at 1.428x and USDX at a low. CCI and RSI are overbought on daily and weekly (CCI).
Just like they say trend following strategies are useless in a sideways trend, oscillators are useless in a trend.

Don't rely on divergence indicators or oscillators when the market is trending strongly. How many failed divergence signals have you seen for the past few weeks?
  • #401,854
  • Mar 7, 2011 6:25am Mar 7, 2011 6:25am
Quoting Mr Hatch
as intraday trader they're not that much interesting, are they...
we missed the entry 1.18, so I personally don't care.

reaction-prediction: touch, stall, move... no speedbumps any more, as they are turned off for the retailers not to be too successful.
IMHO: Might go up to 4070-ish tomorow.
but looks bearish to me already.

notice the 3 tops and the wedge.
Attached Image (click to enlarge)
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  • #401,855
  • Mar 7, 2011 6:29am Mar 7, 2011 6:29am
4080 be the next resistant to break. H1 divergence possible for retrace after that.
  • #401,856
  • Mar 7, 2011 6:30am Mar 7, 2011 6:30am
Quoting thelws
Just like they say trend following strategies are useless in a sideways trend, oscillators are useless in a trend.

Don't rely on divergence indicators or oscillators when the market is trending strongly. How many failed divergence signals have you seen for the past few weeks?
Indeed.

Indicators simply follow price.

Price indicates possible future movement
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #401,857
  • Mar 7, 2011 6:40am Mar 7, 2011 6:40am
little sticky area...4037/40 ahead of 4065/90....4002/10 should act as support....
Attached Image
Look Sharp/Trade Tight
  • #401,858
  • Mar 7, 2011 6:40am Mar 7, 2011 6:40am
Good speaker from Credit Agricole on Bloomberg Surveillance talking about Euro, ECB, Greece, BOE, rate hikes
Do your time and enjoy the ride...
  • #401,859
  • Mar 7, 2011 6:42am Mar 7, 2011 6:42am
back what a doomed pa still walking the dog
Attached Image (click to enlarge)
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  • #401,860
  • Mar 7, 2011 6:44am Mar 7, 2011 6:44am
Quoting kill56
back what a doomed pa still walking the dog
if by dog you mean the generic phrase of 'mideast unrest' .. then yes, but this dog has been here for 1000's of years.
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