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  • #436,781
  • May 5, 2011 3:17pm May 5, 2011 3:17pm
Quoting SirMcPip
Attached are 4 charts. EU MAs are now due to catch up with price. We also broke a weekly trendline which we will retest. In Sept. 2008, Dec. 2008 and Nov. 2009 there was supply at the levels just reached. We are currently working to reclaim the consolidation area of Dec. 2007 where we will have a switch from supply to demand due to the fundamentals driving this Euro rally. The. 38 Fibo Fib should meet the trendline in a few short weeks from where the uptrend shall resume. Targets for this consolidation 1,3900-1.400 max. Then 1.50, 1.60 and 1.86....
Sorry ... etwas mißverständlich für mich ... do you mean consolidation phase will stay thruout 2011 or you mean bullish stance will stay thru 2011 ?


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #436,782
  • May 5, 2011 3:23pm May 5, 2011 3:23pm
opened a small long
  • #436,783
  • May 5, 2011 3:26pm May 5, 2011 3:26pm
Quote
4h chart still in range.. as far looks like a Broadening Top.

careful,

Im long with very tight SL to keep my ass safe, but if we drop from here, then, pattern TA read this as a top reversal.

However if we break trough, then you know the rest..

You have been Warned

http://www.forexfactory.com/showpost...stcount=435073
  • #436,784
  • May 5, 2011 3:26pm May 5, 2011 3:26pm
Quoting Flatfish
I'm sure that whatever momentum indicators you use will show negative divergences on 4hr sharts. Thats the reason I'm looking for shorts. When momentum fails to lead price that the time I give up trading as my entire basis of trading is based on it.

I guess I don't have to give up trading. Remember guys momentum always leads price.
  • #436,785
  • May 5, 2011 3:29pm May 5, 2011 3:29pm
Today has been my best trading day ever, banked 450 pips on eurusd alone, flat for the night now.

A big thanks to the market :-D
  • #436,786
  • May 5, 2011 3:32pm May 5, 2011 3:32pm
Quoting mercy seat
Sorry ... etwas mißverständlich für mich ... do you mean consolidation phase will stay thruout 2011 or you mean bullish stance will stay thru 2011 ?


No, of course not . Consolidation will be a few weeks max. The bull market is alive and well and it will gather steam throughout 2011.Cheers!
  • #436,787
  • May 5, 2011 3:32pm May 5, 2011 3:32pm
Quoting cloggie
Retailer psychology displayed beautifully.

IT has gone down 120 pips, better go long here before I miss the bounce, ah sh!t stopped out, we reached the ADR of the last 20 days at 137 here, better go long again, tight stop, ah sh!t stopped out. We are at 200, we haven't seen that in a long time, better go long here, don't want to miss easy money, better post it on FF too so I can be a hero for picking the perfect bottom, ah shit down 30 pips, better add a bit more, this can't go on forever, ah sh!t down 60 pips, this must surely be it, better double...
LOL, i had almost the same thinking when i saw the news start as traders increase long position from 30% to 70% now @ http://www.myfxbook.com/community/outlook

Quoting mab41487
well i just used all my margin to make long bets i have room for 300 pips short before i get a margin call. if im right ill make a boat load, if im wrong ill just put another 5k in from the bank. its first month trading real $ so we'll see what happens. Im going to be a muppet. im THAT confident.
Here's a live cash case study, just one FAT position - all or nothing style baby, kinda like it, let's see if he pull it off. I'd advice SL to breakeven if you manage to reach some +pips.

Quoting jsg007
Where the hell are the buyers?
I personally think today is a good example of buy the rumour, sell the fact day. Days before, price already price in bit by bit by the buyer has already done so. The seller just delaying themselves at the sideline until ystd breakout comes and flex their muscle by slapping it back down (first sign of strong seller presence) and we should keep selling the rally. When the interest rate out 1145 gmt, nothing big happen because it is already price in with all the buyer already bought. So now, who do you think is going to act first by press conf? The sellers, of course, because they have yet to do what they have or want to do for business or speculation. The funny part is - the sellers are, in fact, everyone - let me explain.

When 1230gmt ticks away, the big boys had their fingers to hit “sell” button without giving a flying f**k bout trichet. (Look at 10-30sec chart for greater detail). As we had a small bounce, long scalper step in for quick buck, after some time, it doesnt seems to bounce off and they starts to wonder the old saying of "buy the rumour, sell the news" is what they shud do. They turn from buyer to seller and next in line are the short & mid term trader start to follow and it snowball onwards. So it went collapse with huge sell off, the herd got burnt and is in a state of shock.

We might go back to the top again, but the herd will have traumatize and unwilling to get burnt again (muppet born here and saying they're always right and blame the silly market and harass winning trader). Some will take revenge trade by holding short while it reverse back to the top with an EPIC live example - talentfx.

Look for very strong bounce in order to go back up, else i suggest keep selling.
Make it rain baby
  • #436,788
  • May 5, 2011 3:37pm May 5, 2011 3:37pm
Quoting needpips
opened a small long
Closed it green...Ill wait for the LTL to hit
  • #436,789
  • May 5, 2011 3:53pm May 5, 2011 3:53pm
expecting price to move to 1.4620 at least during next hour...
  • #436,790
  • May 5, 2011 3:55pm May 5, 2011 3:55pm
Quoting johnnyrei
expecting price to move to 1.4620 at least during next hour...
I'm buying until 1.4670 - from there I will decide...
  • #436,791
  • May 5, 2011 3:56pm May 5, 2011 3:56pm
Broke above 200MA first time today since 1,4878 - on 1min, that is. Something's going on (Also 50MA on 5m is touched right now)
  • #436,792
  • May 5, 2011 3:57pm May 5, 2011 3:57pm
Quoting johnnyrei
I'm buying until 1.4670 - from there I will decide...

lets see which way this triangle breaks
  • #436,793
  • May 5, 2011 3:59pm May 5, 2011 3:59pm
Quoting needpips
lets see which way this triangle breaks
my bollinger band bottom on 4 h chart is now at 1.4619 - if we close this 4h candle in this area - another 4 hours will be flat dead...
  • #436,794
  • May 5, 2011 4:00pm May 5, 2011 4:00pm
Quoting johnnyrei
expecting price to move to 1.4620 at least during next hour...
a bit ambitious no?
Don't have an ego. Always question yourself and your ability.
  • #436,795
  • May 5, 2011 4:02pm May 5, 2011 4:02pm
Quoting johnnyrei
expecting price to move to 1.4620 at least during next hour...
In the next hour? At 9 pm GMT? How much are you buying?
  • #436,796
  • May 5, 2011 4:03pm May 5, 2011 4:03pm
Quoting johnnyrei
expecting price to move to 1.4620 at least during next hour...
80pips in the next hour, do I understand correctly?
Look Sharp/Trade Tight
  • #436,797
  • May 5, 2011 4:04pm May 5, 2011 4:04pm
Quoting johnnyrei
my bollinger band bottom on 4 h chart is now at 1.4619 - if we close this 4h candle in this area - another 4 hours will be flat dead...
Ive never liked BB....to me they seemed to be a lagging indicator...they may work for you....whatr ur settings?
  • #436,798
  • May 5, 2011 4:05pm May 5, 2011 4:05pm
Scaling in to a small silver position around here, lower is better such as 31.20
Don't have an ego. Always question yourself and your ability.
  • #436,799
  • May 5, 2011 4:07pm May 5, 2011 4:07pm
Quoting johnnyrei
my bollinger band bottom on 4 h chart is now at 1.4619 - if we close this 4h candle in this area - another 4 hours will be flat dead...
lower bb on h1 gone more or less vertical...
  • #436,800
  • May 5, 2011 4:08pm May 5, 2011 4:08pm
Quoting SirMcPip
In the next hour? At 9 pm GMT? How much are you buying?
I'm buying 1 lot costing 10 euros at following levels:

buy at 1.4580

buy at: 1.4610

buy at: 1.4635

buy at: 1.4655

close at: 1.4670

profit: +30pips +25pips + 20 pips +15pips

If this 4 h candle closes on 1.4520area - we have another 4 hours of dead session

Btw: I sold 1400 lots @ 1.4870 and closed them 2 hours ago so this buying doesn't have any value for me - it's just evening exercise - I have som work to do in next few hours so will trade just smallest lots.
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