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  • #417,781
  • Apr 5, 2011 4:49am Apr 5, 2011 4:49am
Quoting Icannaesee
Gotta say Fibb I've been watching the same weekly trendline for a couple of weeks now. I'm hoping we're right and that trendline proves to be a nice brick wall, if so, then time to make money on the down slope.

Most of my lower time frame indications are beginning to line up to show a drop coming up, but I'm too new into this game to say for absolutely certain.
well nothing is certain really, trend lines get broken all the time, otherwise the market would move sideways for ever...

macd on h4 is showing significant bearish divergence, but I won't be jumping the gun, I think we could well print a new high before any sell off, and the past two weeks could even be re-accumulation...

I think thursday will be key, will watch with interest...
  • #417,782
  • Apr 5, 2011 4:49am Apr 5, 2011 4:49am
upside incoming!!
  • #417,783
  • Apr 5, 2011 4:51am Apr 5, 2011 4:51am
Quoting rattyo
thats why its a mugs game picking top and bottoms so many tricks are played to take people out.
Crude is one of the best for spiking you out.
yeah agree, I know you don't put much value in forex vsa, but I think you could get some value from reading Tom Williams Master The Markets, if you haven't already, just google for the pdf...
  • #417,784
  • Apr 5, 2011 4:52am Apr 5, 2011 4:52am
Quoting kill56
one more chart to go
hey kill...
  • #417,785
  • Apr 5, 2011 4:53am Apr 5, 2011 4:53am
Quoting FibbinArchie
yeah agree, I know you don't put much value in forex vsa, but I think you could get some value from reading Tom Williams Master The Markets, if you haven't already, just google for the pdf...

whats up fibby
here relax smoke drink and let the market show me the way pipe is out and working
  • #417,786
  • Apr 5, 2011 4:54am Apr 5, 2011 4:54am
I know its boring but ,technically and fundamentally nothing has changed .

I Honestly dont see any breaks high or low till at least thursdays evidence is revealed .
eur rate up as they said,then afterwards is the meeting suggesting its the first of many or likely to be only rate hike ?.
Based on the range 4020-4250,I'd say .25% is priced in .If we dont at least get that i cant see em talking this up again like last month.

Personally with the usa and eur taking different different policy stances ,US holding rates at least finishing the current qe till june .And eur talking rate hike .

Ask yourself would you hold a currency with high interest or dollar with no interest. I'd hold some till things look likely to change.

Like joe bloggs, you put your money into whichever bank is paying the best interest rate,until someone offers more.
Exactly the same with currency traders.

Lots of people saying dollar gonna collapse because its weak ,I suspect if USA put rates up say 2% and eur decided to hold rates .You would see eur tank and sentiment would change to now euro gonna collapse.
Long term maybe both collapse but today i want to make pips on whichever is less likely to collapse tommorow .
making green pips large and red pips small this is my goal.
  • #417,787
  • Apr 5, 2011 4:55am Apr 5, 2011 4:55am
Personally I dont see how to trade this EU mess.... it's too narrow of a range to actually do anything worthwhile you know what im saying?
  • #417,788
  • Apr 5, 2011 4:57am Apr 5, 2011 4:57am
Quoting paul1
I know its boring but ,technically and fundamentally nothing has changed .

I Honestly dont see any breaks high or low till at least thursdays evidence is revealed .
eur rate up as they said,then afterwards is the meeting suggesting its the first of many or likely to be only rate hike ?.
Based on the range 4020-4250,I'd say .25% is priced in .If we dont at least get that i cant see em talking this up again like last month.

Personally with the usa and eur taking different different policy stances...
fomc have started making noises about hiking rates too...
  • #417,789
  • Apr 5, 2011 4:57am Apr 5, 2011 4:57am
Quoting TradeBugger
Personally I dont see how to trade this EU mess.... it's too narrow of a range to actually do anything worthwhile you know what im saying?
its always a mess...
can always go long UJ though
  • #417,790
  • Apr 5, 2011 4:58am Apr 5, 2011 4:58am
Quoting TradeBugger
Personally I dont see how to trade this EU mess.... it's too narrow of a range to actually do anything worthwhile you know what im saying?
then don't, look for something trending or with a better range, or stick to scalping until it shows you where it wants to go...
  • #417,791
  • Apr 5, 2011 4:59am Apr 5, 2011 4:59am
Quoting thelws
upside incoming!!
lol maybe not
  • #417,792
  • Apr 5, 2011 4:59am Apr 5, 2011 4:59am
Quoting Larseg
its always a mess...
can always go long UJ though
Yeah! I'm actually long 84.397 UJ its' definitely upbound! I'm also in GU long but too bad I missed the huge move couple hours ago and also on #/Y
I guess sleep will do that to you sometimes, haha.
  • #417,793
  • Apr 5, 2011 5:00am Apr 5, 2011 5:00am
Alright all, gonna catch some ZzZZz's back again til the 9A heavy news EU!!! Hoping to catch some nice pips then..... lately the heavy news hasn't affected market much....
  • #417,794
  • Apr 5, 2011 5:01am Apr 5, 2011 5:01am
Quoting thelws
upside incoming!!

why chart plz
  • #417,795
  • Apr 5, 2011 5:03am Apr 5, 2011 5:03am
I wait @ 4150 for all in up.
Always account for variable change..
  • #417,796
  • Apr 5, 2011 5:03am Apr 5, 2011 5:03am
Quoting kill56
why chart plz
i denouced it the downside breakout proved me wrong
  • #417,797
  • Apr 5, 2011 5:07am Apr 5, 2011 5:07am
Quoting Jezy
I wait @ 4150 for all in up.
yep, looks interesting, previous price reactions around there...

ds2 and h1 200ema...

weekly pp proving to be a road block atm, temporary or decent bounce?
  • #417,798
  • Apr 5, 2011 5:08am Apr 5, 2011 5:08am
Quoting thelws
i denouced it the downside breakout proved me wrong
chart for u lets see if 60 and 50 holds if not more south

love my boxes
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  • #417,799
  • Apr 5, 2011 5:08am Apr 5, 2011 5:08am
For the Gamblers

Better to long on the channel support............

Low Risk High Reward.......... if goes under your way.............

.
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  • #417,800
  • Apr 5, 2011 5:08am Apr 5, 2011 5:08am
Quoting FibbinArchie
then don't, look for something trending or with a better range, or stick to scalping until it shows you where it wants to go...

looking at the USDCHF is trending up a bit better by the looks of it.
its slower but seems smoother just picking a spot and staying in for the ride possibly.

The yens seems to move in the asian session only ...each big weaking has happened in the asian session in the last 2 weeks.
rat
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