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  • #461,181
  • Jun 13, 2011 3:58pm Jun 13, 2011 3:58pm
Quoting mercy seat
Most of you might have noticed ... that S&P rating agency has slashed down Greece to CCC !

According to DJ-Newswires a rank below Pakistan, Mongolia and Montserrat ...

Die haben sich also alle Mühe gegeben den Markt unter Druck zu bringen ...

But mkt did not react on those bad news ... as some might have been wished ...

Think about that fact ...
Warten wir noch 1 oder 2 Tage, so eine Meldung muss sich erst durchringen.

Lets wait for some days and see... This week will be very interesting...
this pig cannot be slaughtered for ever... or can it?
  • #461,182
  • Jun 13, 2011 4:18pm Jun 13, 2011 4:18pm
Quoting georgem
Warten wir noch 1 oder 2 Tage, so eine Meldung muss sich erst durchringen.

Lets wait for some days and see... This week will be very interesting...

Perhaps the Trickyman's rate hike comments offset Greece being rated LOWEST IN THE WORLD. Will they agree tomorrow? Probably not overall but maybe eek out a proposal to be voted on...current price may be thinking 'Yes'...

Tenuous situation with Greece, US slowdown, QE2 end, Silver due in July...I am inclined to trade tight for a while...No boring summer! TT
  • #461,183
  • Jun 13, 2011 4:20pm Jun 13, 2011 4:20pm
It's amazing that bad news coming out of the US or Euro has any affect on the market anymore.

I guess it's more so a race of who has the slightly less bad news this week.
  • #461,184
  • Jun 13, 2011 4:25pm Jun 13, 2011 4:25pm
Quoting PipPipPip
I do not usually trade this pair, but couldn't resist. Obvious signal and great aud news. heading to 1.1 possibly again.
been away for a month, and reenter again. my account has nearly quadrupled. its just been a great month. join the fun pips peeps.
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  • #461,185
  • Jun 13, 2011 4:26pm Jun 13, 2011 4:26pm
Quoting mercy seat
Moreover ...

Be aware that we will have an ECOFIN Meeting tomorrow ...

Das ist einzubeziehen ...


http://www.forexfactory.com/attachme...9&d=1307987435


As timing is an important factor in trading ...

Daily closing / clôture is not that far away anymore ...




;-|

Tagesschlusskurs ... Daily closing / clôture

Telefonmann - Telefonzeit



;-|
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #461,186
  • Jun 13, 2011 4:28pm Jun 13, 2011 4:28pm
Quoting johnnyrei
I've seen that Pa on 8h chart and decided to take long above 50% fib of PA retracement from recent lowest low (1.3968) and recent highest high (1.4694). 50% fib retr. was at 1.4332 but I started to go long from 1.4405, because I saw that price is below BB bottom and 8h slow stochastic (5,3,3) is on number 5 (which is totally exhausted).

You are right that I tried to long from 1.4460 but I took that long in the point of time where I was shure I could get out close to or right at BE - so again, I don't become lucky when I'm stopped out at BE or...
Hi Jonny,

thank you for your explanation.

Let me address four things:

a) the +10v part: I have seen a lot of similar situations over the last few years that people got wiped out while taking the countertrend without confirmation. Trust me, I do a lot of countertrend because I mostly scalp C-waves. I know what I am talking about. In my early days as a Forex trader I got two times nearly wiped out because I thought that indicators were literally at their utmost lowest point. So I think a warning substantiated with my technical view was OK

b) regarding the 5,3,3 Stoch.: please look at May 6th. The Stoch had readings of 6.6. But without meaningful correction and under a lot of sideways action price dropped 345 pips more over the next couple of days. Had one went long at that time one would have got nearly zero opportunity to close out the position at BE

C) Price action on 8h chart indicated at no time an imminent reversal. If yes, please explain what you saw at that time re PA

d) to each his own - nowhere more true than in trading. Everybody has to find his own way, but situations of low probability remain most of the time low probability situation fo all traders

Have a nice evening,

Markus
  • #461,187
  • Jun 13, 2011 4:34pm Jun 13, 2011 4:34pm
done with this day, going down for a nap, gl, PTL...
Look Sharp/Trade Tight
  • #461,188
  • Jun 13, 2011 4:37pm Jun 13, 2011 4:37pm
Quoting infinitus
Hi Jonny,

thank you for your explanation.

Let me address four things:

a) the +10v part: I have seen a lot of similar situations over the last few years that people got wiped out while taking the countertrend without confirmation. Trust me, I do a lot of countertrend because I mostly scalp C-waves. I know what I am talking about. In my early days as a Forex trader I got two times nearly wiped out because I thought that indicators were literally at their utmost lowest point. So I think a warning substantiated with my technical view was OK

b)...
As mostly ...

Well explained and a true valuable hint ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #461,189
  • Jun 13, 2011 4:43pm Jun 13, 2011 4:43pm
Quoting mercy seat
Most of you might have noticed ... that S&P rating agency has slashed down Greece to CCC !

According to DJ-Newswires a rank below Pakistan, Mongolia and Montserrat ...

Die haben sich also alle Mühe gegeben den Markt unter Druck zu bringen ...

But mkt did not react on those bad news ... as some might have been wished ...

Think about that fact ...
True.. maybe we ll see the reaction tomorrow ? london session ? or we run out of sellers? : o
Hero calls followed by margin calls...
  • #461,190
  • Jun 13, 2011 4:45pm Jun 13, 2011 4:45pm
Quoting infinitus
Hi Jonny,

thank you for your explanation.

Let me address four things:

a) the +10v part: I have seen a lot of similar situations over the last few years that people got wiped out while taking the countertrend without confirmation. Trust me, I do a lot of countertrend because I mostly scalp C-waves. I know what I am talking about. In my early days as a Forex trader I got two times nearly wiped out because I thought that indicators were literally at their utmost lowest point. So I think a warning substantiated with my technical view was OK

b) regarding...

  • #461,191
  • Jun 13, 2011 4:45pm Jun 13, 2011 4:45pm
Quoting mercy seat
As mostly ...

Well explained and a true valuable hint ...





;-|
  • #461,192
  • Jun 13, 2011 5:01pm Jun 13, 2011 5:01pm
Sweet. Just sniped the Aussie interest, current payout at +1.080 pips per lot and an additional 6 pips.

Small dent in the negative interest on my stats... but it's a start

Need to do this on Wednesday triple hitter.
  • #461,193
  • Jun 13, 2011 5:03pm Jun 13, 2011 5:03pm
Quoting infinitus
Hi Jonny,

thank you for your explanation.

Let me address four things:

a) the +10v part: I have seen a lot of similar situations over the last few years that people got wiped out while taking the countertrend without confirmation. Trust me, I do a lot of countertrend because I mostly scalp C-waves. I know what I am talking about. In my early days as a Forex trader I got two times nearly wiped out because I thought that indicators were literally at their utmost lowest point. So I think a warning substantiated with my technical view was OK

b) regarding...
Markus,

why do you assume that I mainly use 8h chart?

If you apply bollinger bands and stochastics on daily monthly and weekly chart - you will see that on 6th of May these indicators were well in their usual levels..
  • #461,194
  • Jun 13, 2011 5:08pm Jun 13, 2011 5:08pm
Oh Yeah . . . . .
http://www.forexfactory.com/showthre...69#post4684869
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  • #461,195
  • Jun 13, 2011 5:11pm Jun 13, 2011 5:11pm
Quoting PhAnTi'
True.. maybe we ll see the reaction tomorrow ? london session ? or we run out of sellers? : o

Yes PhAnTi' ...

Elliottwise the market is still favouring a move to the upside ...

Possibly corrective in nature only ...

1.4465 or 1.4480 at first ... or even correction zigzag 1.4505 in case of an extention ...

As long as not confirmed cross of above 1.4455 (first pivotal resistance) we might see one more downside attempt towards 1.4345 and if cross below again ... then even to 1.4311 - 1.4280 again ...

First up - then down ... assumed rythm ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #461,196
  • Jun 13, 2011 5:15pm Jun 13, 2011 5:15pm
Quoting johnnyrei
Markus,

why do you assume that I mainly use 8h chart?

If you apply bollinger bands and stochastics on daily monthly and weekly chart - you will see that on 6th of May these indicators were well in their usual levels..
Hey ...

Are you a kind of question gunslinger?

2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #461,197
  • Jun 13, 2011 5:22pm Jun 13, 2011 5:22pm
Quoting johnnyrei
Markus,

why do you assume that I mainly use 8h chart?

If you apply bollinger bands and stochastics on daily monthly and weekly chart - you will see that on 6th of May these indicators were well in their usual levels..
Hi Jonny,

because you told so:

"Originally Posted by johnnyrei
I've seen that Pa on 8h chart and decided to take long above 50% fib of PA retracement from recent lowest low (1.3968) and recent highest high (1.4694). 50% fib retr. was at 1.4332 but I started to go long from 1.4405, because I saw that price is below BB bottom and 8h slow stochastic (5,3,3) is on number 5 (which is totally exhausted)."

On daily chart at the 6th May Stoch 5.3.3. was heavily oversold at 9.8, deepest reading since weeks. Weekly and Monthly? How will you know today their readings at 6th of May?

Again: I can not see any TF which suggested an imminent change of direction beforehand of 4320.
  • #461,198
  • Jun 13, 2011 5:32pm Jun 13, 2011 5:32pm
Almost there....
http://www.forexfactory.com/showthre...10#post4685310
Chart1, Forecast
Chart2, Current

Quoting Magix
В связи с большим разрывом от азиатских сеанс, я хотел бы сказать, что есть шанс на откате к 1,4443...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #461,199
  • Jun 13, 2011 5:38pm Jun 13, 2011 5:38pm
Price and fundamentals so out of whack!

Greece on CCC- = the shit of the earth

Gold breaks technical SMA

QE2 ending

CHF in possible/ partial bubble

And the 'euro' goes up!!??!!?

Perhaps there is USD bear eyeing below 70 (index)? I have a long term view that 2012/13 would be USD doom but may be market trying to start pricing in US risk. And Euro least worst?
  • #461,200
  • Jun 13, 2011 5:48pm Jun 13, 2011 5:48pm
chart
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