EURUSD

We need him to pick a top for us and tell us how great he is

Yes, sorry typo there.

me neither but i'll be shorting below 1.4302

FRANKFURT (Dow Jones)--The European Central Bank drained EUR76 billion from the financial system Tuesday in a one-week liquidity absorbing operation.
Demand for the deposit tender was somewhat weaker than last week, with the bank registering 68 bids for EUR88.974 billion. Last Tuesday, the bank received 71 bids for about EUR103 billion.
The central bank set the marginal rate for the operation at 1.21%, higher than last week's 1.12% marginal rate. This week, the ECB said that just over 91% of bids made at the marginal rate were accepted. The weighted average allotment rate was 1.12%.
The bank has been conducting weekly deposit tenders since May 2010, with the aim of neutralizing the liquidity it puts into the money market with its purchases of euro-zone government bonds.
The ECB said Monday it settled no purchases of euro-zone government bonds last week for a third consecutive week, meaning it has stayed out of government bond markets for a total of nine weeks since the start of the year.
The lack of intervention reflects the ECB's desire to wean the euro zone off its Securities Markets Program as it starts to raise interest rates, analysts have said.

took the short. @BE

bulls hoping to get a run out of the news. either way... doesn't matter. we head down... just a waiting game at this point.

hmmm interesting huh man I cant wait to drive my lambo im thinking green with license plate that says pipin or crncking

I don't wanna wait for too long...

Shorted again @4297 s/l: ( 4335 intraday) ( 4390 short-mid term)

Targets: 4220 > 4150> 4065 ( short mid term)

I'll start with Merc SLS AMG...

gl...im sidelined...sucker day today....no setups for me ....awaiting usdcad correction ...

lets c

Jonas-.

nice

Looks like u'll net 27pips if u manage to close this short where u were shorted b4.

illuminati? ^

closed for 12. it's going higher.

what?!?!?!

One more explanation ...

As today ... da hab' ich gerade mal meinen 'sozialen Trip' ...

Attachement : two kind of one hour charts with different types of daily pivots ...

Both CHARTS are with same data feed ... but different change of 'new value date' ...

The Master Key in pivotal approach is the daily timeframe ...

And mainly floor traders distinguish in two kinds of points of time ... where a 'new value date' may start from ...

1.

One is 23:00 CET / 22:00 UTC / 17:00 EST (Interbank Rules Conditio) which is generally accepted ...

2.

One is 01:00 CET / 00:00 UTC / 19:00 EST (UTC Conditio) ... Some Asian instititutions like it this way ...

Moreover you can have PIVOTS which are valid for the duration of a whole week ... high + low + close divided by 3 ... or (open + high + low + close divided by 4) ... weekly timeframe then ...

Or if you like ... you can have them on a monthly timeframe or quartely timeframe as well ...


But Master Key ... (das war immer schon so ... das ist heute noch so ... und das wird auch immer so sein) ... ist und bleibt der DAILY TIME FRAME ...


As far as I am concerned ... I have gained some jolly good experiences with PIVOTS based on H8 and H4 timeframes as well ...


But I do differenciate in three major intraday sessions ... and therefore calculate extra setups for Pacific / European / American Sessions ...


For that reason I do love the H8 Pivots too ...


But you must not draw them ... best results you will obtain ... when you have them deep inside your mind ... and then even never look on any kind of a chart ...

You just need to see or to hear a price ... and then you will react without hesitation ... and then there are no confusions anymore ... not much errors ... selten ein Griff in die Mülltonne ...

And while I write this to you ...

I just have made exactly 100 pips in a one single move trade with a really remarkable size of positions (a size that I better never tell here) ...

We started this day with an ENTRY with a limit order from 1.4207 ... and now we unwinded that "Schubkarre" at exactly 1.4307 ...

Of course ... it could fly much higher ... as we are in recovery mode ...

But we do like to go step by step ...



;-|

Looks like it's heading to 4400..

On the downside, below the Tenkan-Sen (now at 1.4248) would suggest rebound has possibly ended but break of intra-day support at 1.4206 is needed to confirm and bring resumption of the aforesaid decline for retest of 1.4156.

I give it 1.4350 max