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  • #418,761
  • Apr 7, 2011 2:09am Apr 7, 2011 2:09am
Quoting CandleStar
S 120 system? Do you mean SMA 120 or something else?
Its not a commercial system, its a PRO system based on MAs. Good for trends not for ranges
  • #418,762
  • Apr 7, 2011 2:11am Apr 7, 2011 2:11am
Quoting T@rantula
Be careful, its good to close all ur trades unless u have a trade on daily chart
i closed all my trades, i hate ECB spike last 2 days i lost some in unnatural up side movement for ECB hike.
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  • #418,763
  • Apr 7, 2011 2:12am Apr 7, 2011 2:12am
Quoting T@rantula
Be careful, its good to close all ur trades unless u have a trade on daily chart
Yes,
some heavy news this evening. All I have now is eurusd from 1.34 and 36, adidas and volkswagen on DAX

I were keen on closing EU before news but I will let it run... Always hard to exit,

I have to admit it is tempting to magnet trade AU though
  • #418,764
  • Apr 7, 2011 2:13am Apr 7, 2011 2:13am
I'm waiting for 1.45 to get hit. A lot of stops should be there....

We are inside a ascending channel on H4...My guess is in a strong uptrend, it will break out from the ascending channel to go up even faster.

My own personal view.......
  • #418,765
  • Apr 7, 2011 2:13am Apr 7, 2011 2:13am
Quoting leandar
i closed all my trades, i hate ECB spike last 2 days i lost some in unnatural up side movement for ECB hike.
Market expects hike. It has already been priced in at some extent. What if they dont raise the rates? A spike down, stop hunts etc...Technicals will be screwed.

Should I gamble. No.
  • #418,766
  • Apr 7, 2011 2:18am Apr 7, 2011 2:18am
If 142.80 holds we should see 143.80 next
Buying Tops, Selling dips xP
  • #418,767
  • Apr 7, 2011 2:29am Apr 7, 2011 2:29am
Quoting T@rantula
Market expects hike. It has already been priced in at some extent. What if they dont raise the rates? A spike down, stop hunts etc...Technicals will be screwed.

Should I gamble. No.
Rate is already decided. It has to go up now!

(Hopefully not so we can all take advantage) I'm short but will get out before the news..
  • #418,768
  • Apr 7, 2011 2:32am Apr 7, 2011 2:32am
Quoting T@rantula
Market expects hike. It has already been priced in at some extent. What if they dont raise the rates? A spike down, stop hunts etc...Technicals will be screwed.

Should I gamble. No.
yep.. hey if/when we hit 4275.5 then bounce some.. getting below the second hit is the edge..nap time..
those who can, do. those who cant, talk about those who can
  • #418,769
  • Apr 7, 2011 2:34am Apr 7, 2011 2:34am
Quoting Jwfx
Rate is already decided. It has to go up now!

(Hopefully not so we can all take advantage) I'm short but will get out before the news..
no it don't.. all it has to do is screw the most people..most of the time.
those who can, do. those who cant, talk about those who can
  • #418,770
  • Apr 7, 2011 2:39am Apr 7, 2011 2:39am
could i just double check that the news is out at 12.45 London time? my FF keeps swapping between 11.45 and 12.45 so im a little worried :S
  • #418,771
  • Apr 7, 2011 2:40am Apr 7, 2011 2:40am
Quoting Jwfx
Rate is already decided. It has to go up now!

(Hopefully not so we can all take advantage) I'm short but will get out before the news..
Nothing is decided until its officially confirmed.

Dont gamble. Add probabilities and react
  • #418,772
  • Apr 7, 2011 2:41am Apr 7, 2011 2:41am
Quoting gatorinla
yep.. hey if/when we hit 4275.5 then bounce some.. getting below the second hit is the edge..nap time..
Exactly mate. Nap time.
  • #418,773
  • Apr 7, 2011 2:47am Apr 7, 2011 2:47am
Quoting gatorinla
no it don't.. all it has to do is screw the most people..most of the time.
IMO, no man land until reports.

Without the actual rate announcement, FA short term is bearish. TA on major timeframes is obviously pointing up in a fresh break of 14 months highs. However in the last few hours H4 confirmed a rejection of swing high on weekly resistance level (an important bearish signal) and daily rejection is also in play on today close below 1.426x.

Obviously these short term TA signals have to be taken with caution given the key FA announcements that can change everything upside down in 5 minutes on a Trichet sneeze today.

In my case I will only play a reversal/pullback with daily chart confirmation.

Good luck Gator and all today.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #418,774
  • Apr 7, 2011 2:59am Apr 7, 2011 2:59am
44,188 Millionen people depend on Food Stamps

Rising the 27 th month in a row

http://www.querschuesse.de/wp-conten...1a-450x362.jpg



http://www.fns.usda.gov/pd/34snapmonthly.htm
  • #418,775
  • Apr 7, 2011 3:01am Apr 7, 2011 3:01am
Quoting gatorinla
hell im just scalping. just playing the bounces on st tops/bottoms. ill hold if we get below 4277.
did someone pull the curtain back?
st no bulls w/o 4298
those who can, do. those who cant, talk about those who can
  • #418,776
  • Apr 7, 2011 3:03am Apr 7, 2011 3:03am
Quoting mokonni
44,188 Millionen people depend on Food Stamps

Rising the 27 th month in a row

http://www.querschuesse.de/wp-conten...1a-450x362.jpg



http://www.fns.usda.gov/pd/34snapmonthly.htm
add Europe.. where do you think IMF gets its funding.
those who can, do. those who cant, talk about those who can
  • #418,777
  • Apr 7, 2011 3:04am Apr 7, 2011 3:04am
Quoting gatorinla
did someone pull the curtain back?
st no bulls w/o 4298
upper mofu is the high for this bounce atm
those who can, do. those who cant, talk about those who can
  • #418,778
  • Apr 7, 2011 3:05am Apr 7, 2011 3:05am
buy limit at previous resistance, now support @ 1.4253
Hoping fall before rate hike
http://4.bp.blogspot.com/-WMCS5n7PG9.../eurusd_d9.png
Regards
  • #418,779
  • Apr 7, 2011 3:09am Apr 7, 2011 3:09am
Quoting suirad
buy limit at previous resistance, now support @ 1.4253
Hoping fall before rate hike
http://4.bp.blogspot.com/-WMCS5n7PG9.../eurusd_d9.png
Regards

I suppose it will come out of that wedge today tommorrow
rat
  • #418,780
  • Apr 7, 2011 3:12am Apr 7, 2011 3:12am
Quoting rattyo
I suppose it will come out of that wedge today tommorrow
hm, possible. Plus breaking weekly downward trendline.
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