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  • #451,721
  • May 30, 2011 3:58am May 30, 2011 3:58am
Quoting Pip-hunter
I am a bit noobish, but it looks like 1.4340 is a major resistance, at least to me. It coincides with the 38% retracement of last move down. Btw, the MACD is already red. If it fails to break it decisively we are heading back down!
I am a bit noobish at this aswell, but I am seeing the same thing.
  • #451,722
  • May 30, 2011 3:59am May 30, 2011 3:59am
Quoting fontu
worthless day for trading , bank holiday also.
fontu
agree with that fontu...
  • #451,723
  • May 30, 2011 4:00am May 30, 2011 4:00am
Quoting johncen
asian session bring us to daily pivot~~~
london session we now up to 4285 level...

my prediction...we may test 4340 level..
n then NY session we may go down again if we fail...

i am a newbie hahaha ..
just my prediction..
no ny today, they're on holiday, not expecting any major moves, unless major news comes out...
  • #451,724
  • Edited 4:23am May 30, 2011 4:01am | Edited 4:23am
Possible shampoo.....

may be...

PA is mixed at the moment...

15m.30m..1 hr..daily....All seem Bearish ATM.. except 4 hr.

38.2% retrace of the whole move is @ 1.4340 AND 50% @ 1.4453 ( ALSO AN UNTESTED LEVEL)
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Markets are not Random, they are designed!
  • #451,725
  • May 30, 2011 4:02am May 30, 2011 4:02am
Quoting Flynchenberg
Why we should move up? We are on the verge of major economical event of Greece and You want to buy?
ECB assets does not look great too...
Well, who knows?

Check monthly usdx:

We are at some important level now.
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  • #451,726
  • May 30, 2011 4:03am May 30, 2011 4:03am
Price is hitting the supply....that supply seems strong...trying a short there stop above 1,4300 supply area
Let's see if it can revisit the 1,4210-20 bid zone
COT: The precious data ignored
  • #451,727
  • May 30, 2011 4:05am May 30, 2011 4:05am
Quoting FibbinArchie
no ny today, they're on holiday, not expecting any major moves, unless major news comes out...
oh....thanks..
then fontu is very true...
meaningless trading....
: )~
extended weekend
Patience, Emotion Control and Discipline.
  • #451,728
  • May 30, 2011 4:12am May 30, 2011 4:12am
Quoting T.E.Lawrence
Well, who knows?

Check monthly usdx:

We are at some important level now.
I do not know deffinitley.
Short scalps only, but I remain bearish biased.
Bond auctions in a minute....
  • #451,729
  • May 30, 2011 4:16am May 30, 2011 4:16am
Quoting Flynchenberg
Why we should move up? We are on the verge of major economical event of Greece and You want to buy?
ECB assets does not look great too...

personally im waiting for a dip to swing it to 1.52
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #451,730
  • May 30, 2011 4:26am May 30, 2011 4:26am
Quoting johncen
oh....thanks..
then fontu is very true...
meaningless trading....
: )~
extended weekend
may be , let work first then to act .
possible pa , no trades though & will check in the evening only if any possible .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #451,731
  • May 30, 2011 4:32am May 30, 2011 4:32am
eurusd short entry, long entry loss -20, short exit 2/3 and long entry
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  • #451,732
  • May 30, 2011 4:38am May 30, 2011 4:38am
Quoting blue_z_zz
personally im waiting for a dip to swing it to 1.52
Well,
The reason I'm bearish biased is that the whole move from beginig of this year is a speclutative move up that is all about rate hikes: who will go first? ECB or FED? Well, it look like ECB due to hawkish rethoric of Trichet. So buy more EURO. In the meantime we got all the bad economical, fiscal and political news comming from PIGS zone: Portugal Goverment collapse, Greece bond yields on highest levels etc. No one care, completly ignored, keep buying more EURO. And then, just about 1.4950 we got a RUMOUR that
Greece might be laving EURO currency and EURO zone made by Der Spiegel newspaper.
And we all know what happened: 700 pip move in 2 days, retreace, 400pip move in 2 days, retreace, 500 pip move in 2 days.
So, 2000 pip move up that had started on 10.01.2011 have been sold off heavily (33%) on just first 2 days of panic rumour emotional selling and then another 400 pip.
My point is: FA & TA combo will eventually wipe out any EURO bulls. And this is just about to happen. We might start with general strike on 4th of June I suppose. Can't remember the exact date though.

Green pips to all.
LOL

Seb

PS. I might be completly wrong, what the hell do I know anyway...
  • #451,733
  • May 30, 2011 4:42am May 30, 2011 4:42am
Quoting Flynchenberg
Well,
The reason I'm bearish biased...
hands may be tied for further hikes due to piigs debt...

fed have already started making noises, sometime before the end of 2012, if i remember right...
  • #451,734
  • May 30, 2011 4:49am May 30, 2011 4:49am
Quoting Flynchenberg
Well,
The reason I'm bearish biased is that the whole move from beginig of this year is a speclutative move up that is all about rate hikes: who will go first? ECB or FED? Well, it look like ECB due to hawkish rethoric of Trichet. So buy more EURO. In the meantime we got all the bad economical, fiscal and political news comming from PIGS zone: Portugal Goverment collapse, Greece bond yields on highest levels etc. No one care, completly ignored, keep buying more EURO. And then, just about 1.4950 we got a RUMOUR that
Greece might be laving EURO currency...

John Maynard Keynes

"The Markets Can Remain Irrational Longer Than You Can Stay Solvent ..."
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #451,735
  • May 30, 2011 4:51am May 30, 2011 4:51am
Quoting blue_z_zz
John Maynard Keynes

"The Markets Can Remain Irrational Longer Than You Can Stay Solvent ..."
Inserted Video


ain't 'appening bbl...
  • #451,736
  • May 30, 2011 4:54am May 30, 2011 4:54am
Quoting blue_z_zz
John Maynard Keynes

"The Markets Can Remain Irrational Longer Than You Can Stay Solvent ..."
LOL,
I used to have this in my signature...


Seb
  • #451,737
  • May 30, 2011 5:04am May 30, 2011 5:04am
WEird PA, probably due to the Bank holiday.

Lots of mid level turn-arounds I see.

Do you guys also see these levels?

53..73..93..13

cheers

Ridge
  • #451,738
  • May 30, 2011 5:06am May 30, 2011 5:06am
Quoting fontu
may be , let work first then to act .
possible pa , no trades though & will check in the evening only if any possible .
fontu
so overall fonto u predict euro will climb?~~
i place a sell limit @ 4340 and a buy limit @ 4210....

by the way..
next time when NZD clear 0.82?~~
we may see 0.85?
just like what we see in AUD?
Patience, Emotion Control and Discipline.
  • #451,739
  • May 30, 2011 5:20am May 30, 2011 5:20am
Quoting Flynchenberg
I do not know deffinitley.
Short scalps only, but I remain bearish biased.
Bond auctions in a minute....
Hi, what's Your source (link) of bond auctions? Will it be in News of FF?

Cheers
  • #451,740
  • May 30, 2011 5:24am May 30, 2011 5:24am
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