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  • #21
  • Mar 18, 2011 11:37pm Mar 18, 2011 11:37pm
Will be watching this Budak
  • #22
  • Mar 18, 2011 11:55pm Mar 18, 2011 11:55pm
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #23
  • Mar 19, 2011 1:35am Mar 19, 2011 1:35am
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Got busy and distracted, here are my charts, im back in reds thread
  • #24
  • Mar 19, 2011 2:23am Mar 19, 2011 2:23am
[quote=yaed;4480505]
Quoting budak baru

Well i think the so called "market" cannot be reduced to a description such as: "Its only psychology." Or "Its supply and demand, learn supply and demand." Or even something esoteric like "Its the flow of price action." All descriptions in this way is limited. It does not help to write one or 95 books about it, it still does not desribe it.

I think there is no point in trying to understand one or seven or 86 different market mechanisms as something separate from eachother. And for the most part its utterly...
don,t want to take anything away from this thread, but just have to say this is one of the best posts i've read anywhere.
London: New York: Tokyo - but mostly Rangiora
  • #25
  • Edited 3:14am Mar 19, 2011 2:52am | Edited 3:14am
Quoting Orbital
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Got busy and distracted, here are my charts, im back in reds thread
nice chart alex.eurusd and gbpusd approaching supply zone.selling is my first option right now.will see it next week.
Gold Expedition Return This Year: -16.4%
  • #26
  • Mar 19, 2011 3:01am Mar 19, 2011 3:01am
Pa watch at C zone.Looking for selling opportuninty.
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Gold Expedition Return This Year: -16.4%
  • #27
  • Mar 19, 2011 3:11am Mar 19, 2011 3:11am
Setup for gbpjpy
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Gold Expedition Return This Year: -16.4%
  • #28
  • Mar 19, 2011 3:17am Mar 19, 2011 3:17am
Quoting budak baru
nice chart alex.eurusd and gbpusd approaching supply zone.selling is my first option right now.will see it next week.
My charts are always nice. Did you take away your voucher from me btw? I think im missing one

Anyways,

yeah ill be looking to setup longterm sell positions. Don't know if youve seen this but there are super strong confluences here
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  • #29
  • Mar 19, 2011 3:23am Mar 19, 2011 3:23am
gCHF SETUP.wait at supply or demand territory for low risk attempt.There your V alex.
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Gold Expedition Return This Year: -16.4%
  • #30
  • Mar 19, 2011 3:31am Mar 19, 2011 3:31am
Hmm.. those are good looking charts, ill get some sleep for now, will post them in reds thread lateron.

Keep the good work going in here.

peace
  • #31
  • Mar 19, 2011 8:00am Mar 19, 2011 8:00am
Uchf waiting for breakout.
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Gold Expedition Return This Year: -16.4%
  • #32
  • Mar 19, 2011 8:39am Mar 19, 2011 8:39am
sounds like a good strategy, but for all who have setups showing that they are planning to go long on the yen. Don't you think this is just crazy?

Soon there will very likely be a nuclear fallout possibly destroying a big part of their crops, fish and industries. Result -> Japanese economy will be brought down to its knees. Long-term the yen should fall and not rise. And not to forget, the G-7 national banks have agreed on intervening, should the yen get too strong.

All odds stacked against you, if you go long on the yen. Just a cautionary note.

Also the notion that the yen is a safe haven currency will be completely changed in the future.
  • #33
  • Mar 19, 2011 8:48am Mar 19, 2011 8:48am
aussie levels
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Invincibility lies in the defence, the possibility of victory in the attack
  • #34
  • Mar 19, 2011 8:50am Mar 19, 2011 8:50am
Quoting Custos
sounds like a good strategy, but for all who have setups showing that they are planning to go long on the yen. Don't you think this is just crazy?

Soon there will very likely be a nuclear fallout possibly destroying a big part of their crops, fish and industries. Result -> Japanese economy will be brought down to its knees. Long-term the yen should fall and not rise. And not to forget, the G-7 national banks have agreed on intervening, should the yen get too strong.

All odds stacked against you, if you go long on the yen. Just a cautionary note.

Also...
thanks for the update.
http://www.businessweek.com/news/201...ares-gain.html

http://www.topforexnews.com/2011/03/...-moves-of-yen/

for yen pairs.if there r intervention again it will be at demand zone.no point intervene if there r in supply that r more seller at that point.just my view
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Gold Expedition Return This Year: -16.4%
  • #35
  • Mar 19, 2011 9:00am Mar 19, 2011 9:00am
Quoting silverheat
aussie levels
HI silver.i think this is demand turn supply area.will see it later.
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Gold Expedition Return This Year: -16.4%
  • #36
  • Mar 19, 2011 9:16am Mar 19, 2011 9:16am
Quoting budak baru
HI silver.i think this is demand turn supply area.will see it later.
agreed, if it breaks though there is no stopping till 1.0100 ... i guess
Invincibility lies in the defence, the possibility of victory in the attack
  • #37
  • Mar 19, 2011 9:20am Mar 19, 2011 9:20am
Quoting silverheat
agreed, if it breaks though there is no stopping till 1.0100 ... i guess
yes it is.next supply at 1.01 area.
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Gold Expedition Return This Year: -16.4%
  • #38
  • Edited 11:18am Mar 19, 2011 10:34am | Edited 11:18am
Quoting Custos
sounds like a good strategy, but for all who have setups showing that they are planning to go long on the yen. Don't you think this is just crazy?

Soon there will very likely be a nuclear fallout possibly destroying a big part of their crops, fish and industries. Result -> Japanese economy will be brought down to its knees. Long-term the yen should fall and not rise. And not to forget, the G-7 national banks have agreed on intervening, should the yen get too strong.

All odds stacked against you, if you go long on the yen. Just a cautionary note.

Also...
japan is the third largest economy, now taken off the grid, china is soaking up liquidity, the markets are being kept afloat by POMO, good luck CBs, long term i wouldn't consider buying usdjpy below 84.00 (for now) and then i want to see other buyers besides the CB as well

take a look at the market after the kobe earthquake, of course these are different times, but i wouldn't be so sure of a yen collapse
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Invincibility lies in the defence, the possibility of victory in the attack
  • #39
  • Mar 19, 2011 4:17pm Mar 19, 2011 4:17pm
Quoting silverheat
japan is the third largest economy, now taken off the grid, china is soaking up liquidity, the markets are being kept afloat by POMO, good luck CBs, long term i wouldn't consider buying usdjpy below 84.00 (for now) and then i want to see other buyers besides the CB as well

take a look at the market after the kobe earthquake, of course these are different times, but i wouldn't be so sure of a yen collapse
If you know, can you please explain me the reasoning why the usd/jpy went down (jpy went up) after the kobe earthquake? I sincerely don't know and just get my first steps into fundamental analysis.
  • #40
  • Mar 19, 2011 5:12pm Mar 19, 2011 5:12pm
Quoting Custos
If you know, can you please explain me the reasoning why the usd/jpy went down (jpy went up) after the kobe earthquake? I sincerely don't know and just get my first steps into fundamental analysis.
Hi Custos,

It seems like you didn't buy my argument put forward here, and I wonder why. Not that it matters to me, but I am curious as to what you would consider an explanation in this case.

M
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