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vsa with Malcolm

  • #16,741
  • Mar 18, 2011 5:31am Mar 18, 2011 5:31am
So NATO is planning to bomb Libya. Interesting how is that going to affect markets. Oil down?

Edit: not that I'm not concerned of the people of Libya. Of course I am. Hope it will never happen. I still remember what it did to Bosnia.
  • #16,742
  • Mar 18, 2011 5:35am Mar 18, 2011 5:35am
Crazy world.
  • #16,743
  • Mar 18, 2011 5:36am Mar 18, 2011 5:36am
Posting a 5 min. chart of EU. So far every stopping attempt failed. Well the last one is holding but doesn't look like much.
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  • #16,744
  • Mar 18, 2011 5:40am Mar 18, 2011 5:40am
Quoting 1pipperhour
So NATO is planning to bomb Libya. Interesting how is that going to affect markets. Oil down?

Edit: not that I'm not concerned of the people of Libya. Of course I am. Hope it will never happen. I still remember what it did to Bosnia.
Lybia's bombed by Gadaffi already. It has to stop somehow.
  • #16,745
  • Mar 18, 2011 5:41am Mar 18, 2011 5:41am
Quoting 1pipperhour
So NATO is planning to bomb Libya. Interesting how is that going to affect markets. Oil down?

Edit: not that I'm not concerned of the people of Libya. Of course I am. Hope it will never happen. I still remember what it did to Bosnia.
There's so much news going on, which inevitably gets prioritized, and I'm thinking this one may not even be in the top 5. (Not counting impact on oil though)

Separately ... glad I'm not the only one unclear on what EU is up to ... I'm frankly sick of getting stopped out NOW TWICE of a 1.405 buy, after it came down the ~50 pips ... hindsight of course would have provided 100 pips, but noooo, I played it safe ... At least my intervention longs are in play - 2 more CBs to come along and sell yens.
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  • #16,746
  • Mar 18, 2011 5:51am Mar 18, 2011 5:51am
The PBOC has come out raising its reserve requirement ratio by another 50bps to 20.0%.

This is just piling up
  • #16,747
  • Mar 18, 2011 5:53am Mar 18, 2011 5:53am
Hopefully ND here.
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  • #16,748
  • Mar 18, 2011 5:56am Mar 18, 2011 5:56am
Quoting Beljevina
There's so much news going on, which inevitably gets prioritized, and I'm thinking this one may not even be in the top 5. (Not counting impact on oil though)

Separately ... glad I'm not the only one unclear on what EU is up to ... I'm frankly sick of getting stopped out NOW TWICE of a 1.405 buy, after it came down the ~50 pips ... hindsight of course would have provided 100 pips, but noooo, I played it safe ... At least my intervention longs are in play - 2 more CBs to come along and sell yens.
Story of my life. Trading EU only. Three days ago stopped out 3 times. Yesterday no trades at all. OK, today seems to be a good day. But it all will start on Monday again.
  • #16,749
  • Mar 18, 2011 6:13am Mar 18, 2011 6:13am
Problem is, we all know it's going up, as Dr.G and Mal even call 1.42 on EU long time ago, but timing is so important in this market. We don't know when the SM is ready to slash cash and when the accumulation process is done... Strength is very obvious 2 days ago as volume is highest from January. The volume in January cause 400 pips retracement...
Timing Timing Timing...
  • #16,750
  • Mar 18, 2011 6:20am Mar 18, 2011 6:20am
Can somebody tell me what is Quadruple Witching
  • #16,751
  • Mar 18, 2011 6:26am Mar 18, 2011 6:26am
Quoting mrWolf
Can somebody tell me what is Quadruple Witching
Happens once per quarter - often delivers lots of volatility, swings. http://www.investopedia.com/terms/q/...lewitching.asp
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  • #16,752
  • Mar 18, 2011 6:55am Mar 18, 2011 6:55am
Still paper trading the 5min charts for a bit.

Noted this buy earlier on, technically speaking the tests/ns that i've marked fail but using my broker and entering on the high of the test, this trade would've triggered for me. The price moved back down to the green trigger number and bounced from here anyway.

Thoughts?
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  • #16,753
  • Mar 18, 2011 7:03am Mar 18, 2011 7:03am
Quoting KinsaleForex
Still paper trading the 5min charts for a bit.

Noted this buy earlier on, technically speaking the tests/ns that i've marked fail but using my broker and entering on the high of the test, this trade would've triggered for me. The price moved back down to the green trigger number and bounced from here anyway.

Thoughts?
looks good
Today's zone = Tomorrow's opportunity!
  • #16,754
  • Mar 18, 2011 7:05am Mar 18, 2011 7:05am
Quoting KinsaleForex
Still paper trading the 5min charts for a bit.

Noted this buy earlier on, technically speaking the tests/ns that i've marked fail but using my broker and entering on the high of the test, this trade would've triggered for me. The price moved back down to the green trigger number and bounced from here anyway.

Thoughts?
It was a good trade and was clear even in M15, but did not took that because trend was down, and later M15 had a test in a rising market, did not took that either. Not so good day so far.
  • #16,755
  • Mar 18, 2011 7:11am Mar 18, 2011 7:11am
EU is starting to show as a trap upmove to me now. Volume is decreasing. Will not be surprised if NY open will mark it down.
  • #16,756
  • Mar 18, 2011 7:13am Mar 18, 2011 7:13am
Quoting KinsaleForex
Still paper trading the 5min charts for a bit.

Noted this buy earlier on, technically speaking the tests/ns that i've marked fail but using my broker and entering on the high of the test, this trade would've triggered for me. The price moved back down to the green trigger number and bounced from here anyway.

Thoughts?
smart move IMO paper trading...i am doing the same, I don't want to submit my stomach and account to these volatile days

That long looks right, additional motivation is that the UHV down bar was right into yesterday's value area low where we'd expect to see buyers step in. Based on that i would have had a target of around 6160 which is yesterday's value area high...and is where price is right now.
Change is the only constant
  • #16,757
  • Mar 18, 2011 7:15am Mar 18, 2011 7:15am
Quoting 1pipperhour
EU is starting to show as a trap upmove to me now. Volume is decreasing. Will not be surprised if NY open will mark it down.
NY session just opened, so indeed a mark down is to be expected. I'm looking at the 1.41 area first, and 4066 area next as possible entries (for my paper trades)
Change is the only constant
  • #16,758
  • Mar 18, 2011 7:21am Mar 18, 2011 7:21am
Quoting tgwhbb
NY session just opened, so indeed a mark down is to be expected. I'm looking at the 1.41 area first, and 4066 area next as possible entries (for my paper trades)
It could go higher and trap more longs. I say into .4160 area and then sharply down. No way I'm going long right now. Better sit on hands like sonofsin says.
  • #16,759
  • Mar 18, 2011 7:48am Mar 18, 2011 7:48am
Cheers for the feedback, pres + juhanimi, still getting to grips with the 5min, enjoying it though!

Quoting tgwhbb
smart move IMO paper trading...i am doing the same, I don't want to submit my stomach and account to these volatile days

That long looks right, additional motivation is that the UHV down bar was right into yesterday's value area low where we'd expect to see buyers step in. Based on that i would have had a target of around 6160 which is yesterday's value area high...and is where price is right now.
I'm only paper trading whilst I get used to the 5min charts and the use of trigger numbers, but it has been a promising week. I reckon i'll paper trade for next week as well and look to start trading it with my account the week after.
  • #16,760
  • Mar 18, 2011 7:49am Mar 18, 2011 7:49am
http://www.zazzle.co.uk/i_love_forex...89484133601154
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