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Price is everything

  • #17,181
  • May 1, 2011 9:09am May 1, 2011 9:09am
Quoting wannaberich
don't we have exactly 2 pivot rejections up on EU at 1.48 level and we are right now (probably) doing a cluster rejection at that same level?

IF that pattern does come, that would mean we would have further south?

because if we break back down the upward channel (we broke above a few of days ago) that would be a false break and would lead us down a few hundred pips (correction or maybe more).

hapipipin

WBR



many confluences suggest atleast a correction


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pending buy sugar
  • #17,182
  • May 1, 2011 9:14am May 1, 2011 9:14am
Quoting wannaberich
don't we have exactly 2 pivot rejections up on EU at 1.48 level and we are right now (probably) doing a cluster rejection at that same level?

IF that pattern does come, that would mean we would have further south?

because if we break back down the upward channel (we broke above a few of days ago) that would be a false break and would lead us down a few hundred pips (correction or maybe more).

hapipipin

WBR

Attached Image (click to enlarge)
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hourly gives some indication of a turn
  • #17,183
  • May 1, 2011 9:27am May 1, 2011 9:27am
Entered xtb contest just for fun.
Anyone else from RPT - Red PA Traders?
  • #17,184
  • May 1, 2011 9:27am May 1, 2011 9:27am
a couple of charts
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dreams do come true.
  • #17,185
  • May 1, 2011 9:32am May 1, 2011 9:32am
not correct. can't seem to edit and take the second one out so here the one i wanted to post

Quoting wannaberich
a couple of charts
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dreams do come true.
  • #17,186
  • May 1, 2011 9:39am May 1, 2011 9:39am
guess i will leave my shorts open then

if we go back up and i get sled at be then it was my call, no harm done. if we do break bellow 1.477 then i have a cool superbock waiting for you when you come here at the heart of all EUR problems: sunny Portugal!

here is a pic

in case your are wondering: no, superbocks don't come in pairs.

Quoting redsword11
Attachment



hourly gives some indication of a turn
Attached Image
dreams do come true.
  • #17,187
  • May 1, 2011 10:46am May 1, 2011 10:46am
Quoting wannaberich
here is a pic

in case your are wondering: no, superbocks don't come in pairs.
Is there a beer in that picture?

Rip it up this week, folks!
  • #17,188
  • May 1, 2011 11:01am May 1, 2011 11:01am
it was difficult for me to find it, at first, but, believe me, there is one in a brown bottle. try to stay away from the white and u'll see it.

at what time does NZ open?

Quoting kenfen69
Is there a beer in that picture?

Rip it up this week, folks!
dreams do come true.
  • #17,189
  • May 1, 2011 11:21am May 1, 2011 11:21am
Quoting wannaberich
it was difficult for me to find it, at first, but, believe me, there is one in a brown bottle. try to stay away from the white and u'll see it.

at what time does NZ open?
Not working...still can't see it! :nerd:

I believe NZ should open at 8pm in sunny Portugal...Sydney at 10pm.
  • #17,190
  • May 1, 2011 11:39am May 1, 2011 11:39am
i could swear i see a bottle of beer... aaaaaaaaahhhhh forget it. maybe i am seeing things.

thanks for the info. thought it was sooner.

green pips

Quoting kenfen69
Not working...still can't see it! :nerd:

I believe NZ should open at 8pm in sunny Portugal...Sydney at 10pm.
dreams do come true.
  • #17,191
  • May 1, 2011 1:01pm May 1, 2011 1:01pm
Quoting redsword11
Attachment



hourly gives some indication of a turn

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  • #17,192
  • May 1, 2011 1:07pm May 1, 2011 1:07pm
Quoting Orbital
Attachment

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in already, but should have removed the tp late on friday, can gap north and those spreads are fcuked up on open, so bad trading on my part
  • #17,193
  • May 1, 2011 1:28pm May 1, 2011 1:28pm
EJ view. Have a great week guys !

And don't forget to be grateful every day for what you've got
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Hello.
  • #17,194
  • May 1, 2011 1:43pm May 1, 2011 1:43pm
Quoting redsword11
Attachment



in already, but should have removed the tp late on friday, can gap north and those spreads are fcuked up on open, so bad trading on my part
I think you're going to be fine, this will more likely gap down back into demand so youll have time to modify the stops.

Worst case scenario? It gaps up above your tp and it gets executed.

Not sure which gaps we will be seeing today though
  • #17,195
  • May 1, 2011 1:50pm May 1, 2011 1:50pm
Quoting Orbital
I think you're going to be fine, this will more likely gap down back into demand so youll have time to modify the stops.

Worst case scenario? It gaps up above your tp and it gets executed.

Not sure which gaps we will be seeing today though


either way, just not good trading on my part
  • #17,196
  • May 1, 2011 2:02pm May 1, 2011 2:02pm
Quoting Orbital
Worst case scenario? It gaps up above your tp and it gets executed.
lol...

No disrespect here orbs...but gapping into TP is no where near a worse case scenario...shit could get a lot more serious...

Here is the true chart gap...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17,197
  • May 1, 2011 2:33pm May 1, 2011 2:33pm
Quoting Magix
lol...

No disrespect here orbs...but gapping into TP is no where near a worse case scenario...shit could get a lot more serious...

Here is the true chart gap...
Too much demand at the bottom to be taken out imo we will see in 1 1/2 hours remember its bank holidays =/
  • #17,198
  • May 1, 2011 2:47pm May 1, 2011 2:47pm
Quoting Orbital
Too much demand at the bottom to be taken out imo we will see in 1 1/2 hours remember its bank holidays =/
Another short week ending in NFP...

E fucking HAW!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17,199
  • May 1, 2011 2:56pm May 1, 2011 2:56pm
Quoting Magix
Another short week ending in NFP...

E fucking HAW!
News doesnt matter but as i said:

Either nfp will be the short trigger, or the trigger to send the euro up even higher =/
  • #17,200
  • May 1, 2011 3:02pm May 1, 2011 3:02pm
Quoting Orbital
News doesnt matter but as i said:

Either nfp will be the short trigger, or the trigger to send the euro up even higher =/
A couple things...

1, Starting off with, I never trade NFP...IMO, it's a sucker day and a day for a lot of micro/mini traders to flex their muscles...

2, we will see that area on the chart this week, and until we do, don't get all excited about holding anything for better then scalp pips...

When we see the flow from above 4770 or below 4713, only then will we se some decision time. Last week closed in sells, anticipate following this for weekly open, at least that's how I'm seeing things.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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