still flat.. waiting for news... anybody is in any trade? just curious.
Very interesting hourly chart on EU by the way
Very interesting hourly chart on EU by the way
I don't want a job, i want money!
- #14,222
- Jun 14, 2011 7:25am Jun 14, 2011 7:25am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
You have no clue now, it's almost all the time with me 
Insider secret, BOE normally intervenes in the market through one particular swiss bank. They would prefer the pound price to be above 1.60 due to inflation issues, if they get what they want always is a diff issue as market sometimes reacts badly and bank cannot control the falling prices.
I am sure dollar is rising and if OIL drops below 96, it's going to 92 then 86, I would bet whole farm and short EU if that happens. Look at USDCAD weekly, formed a round bottom and signalling a reversal. But, but given the condition of US economy I do not see why would someone want the dollar and if US economy can afford to have an expensive dollar.
Best course of action, watch US news and if it's positive, dollar will rise due to qe2 ending but if it's negative, dollar will fall. Not like before where dollar used to be sold regardless of us news. Markets will be volatile but you can save your account by knowing some fundamentals, they do help
Insider secret, BOE normally intervenes in the market through one particular swiss bank. They would prefer the pound price to be above 1.60 due to inflation issues, if they get what they want always is a diff issue as market sometimes reacts badly and bank cannot control the falling prices.
I am sure dollar is rising and if OIL drops below 96, it's going to 92 then 86, I would bet whole farm and short EU if that happens. Look at USDCAD weekly, formed a round bottom and signalling a reversal. But, but given the condition of US economy I do not see why would someone want the dollar and if US economy can afford to have an expensive dollar.
Best course of action, watch US news and if it's positive, dollar will rise due to qe2 ending but if it's negative, dollar will fall. Not like before where dollar used to be sold regardless of us news. Markets will be volatile but you can save your account by knowing some fundamentals, they do help
Well.. as i said.. i am not having much clue of what is goin on. Cable daily made a full reversal pattern, yet we have the bearish weekly pattern completely formed and that hasn't been invalidated yet. The next resistence is 6450 and if broke we could see again 67. Right now the LTL is the boss on cable.
Eu is right between WP and MP but struggling around 4450. We bounced right at the weekly resistence 4300 and hopefully will see 4550.
that being said i have no f@cking clue where we are going now. Instinct tells me long against USD, but let's...
- #14,223
- Jun 14, 2011 7:29am Jun 14, 2011 7:29am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
You have no clue now, it's almost all the time with me
Insider secret, BOE normally intervenes in the market through one particular swiss bank. They would prefer the pound price to be above 1.60 due to inflation issues, if they get what they want always is a diff issue as market sometimes reacts badly and bank cannot control the falling prices.
I am sure dollar is rising and if OIL drops below 96, it's going to 92 then 86, I would bet whole farm and short EU if that happens. Look at USDCAD weekly, formed a round bottom and signalling a reversal....
I don't want a job, i want money!
- #14,224
- Jun 14, 2011 7:30am Jun 14, 2011 7:30am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Not me mate. I think better to wait for June end, and see market's reaction to qe2 ending. It's evident to be honest, dollar rising is telling us that market is coming out of their short positions on dollar and long on commodities but not going long anywhere else. If it was bullish the first thing to rise would be Aussie, which isn't and it ain't a good sign. Sell from the top.
still flat.. waiting for news... anybody is in any trade? just curious.
Very interesting hourly chart on EU by the way
- #14,225
- Jun 14, 2011 7:34am Jun 14, 2011 7:34am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
ok, let's see...data is good for US economy. Previously we used to sell the dollar despite good or bad data. Now let's watch, we should be buying the dollar for good data and not selling it today. Buy now and sell when US opens, let's see if it works!
Looking at OIL I doubt if that'll happen as it's sitting on it's support and might bounce from there, if not. Dude u know where we will go from here then
Looking at OIL I doubt if that'll happen as it's sitting on it's support and might bounce from there, if not. Dude u know where we will go from here then
don't know about u.. but for me this month is being difficult to "read" ...
- #14,226
- Jun 14, 2011 7:36am Jun 14, 2011 7:36am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
Not me mate. I think better to wait for June end, and see market's reaction to qe2 ending. It's evident to be honest, dollar rising is telling us that market is coming out of their short positions on dollar and long on commodities but not going long anywhere else. If it was bullish the first thing to rise would be Aussie, which isn't and it ain't a good sign. Sell from the top.
ok time to confess it...
everytime i read all this strange names for crosses and half of the times i don't know what you guys are talking about
there is temptress, mistress, dragon, aussie, kiwi,swissy, bitchy, sassy, kinky, smelly... WTF
I don't want a job, i want money!
- #14,227
- Jun 14, 2011 7:41am Jun 14, 2011 7:41am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I only like to work with temptress, mistress, bitchy, sassy, kinky one's.
Rest all you can explore
Rest all you can explore
ok time to confess it...
everytime i read all this strange names for crosses and half of the times i don't know what you guys are talking about
there is temptress, mistress, dragon, aussie, kiwi,swissy, bitchy, sassy, kinky, smelly... WTF
- #14,228
- Jun 14, 2011 7:44am Jun 14, 2011 7:44am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I only like to work with temptress, mistress, bitchy, sassy, kinky one's.
Rest all you can explore
I don't want a job, i want money!
- #14,229
- Jun 14, 2011 8:05am Jun 14, 2011 8:05am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You 
- #14,230
- Jun 14, 2011 8:07am Jun 14, 2011 8:07am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Here's the same working chart, same trendline across. Guess where price is right now. Magic line
Thank You
- #14,231
- Jun 14, 2011 8:44am Jun 14, 2011 8:44am
Here's the same working chart, same trendline across. Guess where price is right now. Magic line
My magic line is at the area of 6450, below it i stay on the short side....
green pips to us
Trade with the momentum
- #14,232
- Jun 14, 2011 8:49am Jun 14, 2011 8:49am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #14,233
- Jun 14, 2011 8:55am Jun 14, 2011 8:55am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #14,234
- Jun 14, 2011 8:59am Jun 14, 2011 8:59am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #14,235
- Jun 14, 2011 9:01am Jun 14, 2011 9:01am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I can't make head & tail of my magic line(s)....
Can you??
All I know is pound ain't bearish for now
Only if it goes below 63 I would consider it bearish. Simple, compare move up with move down and you would see that UP is quick and significant as compare to down, which tells us that dodgy SL hunting is taking place and we should only be buying on down moves. Dollar has been bought on the news now it's being sold again. It shouldn't go down too much but banks would love to screw SL's in the process.
Can you??
All I know is pound ain't bearish for now
Only if it goes below 63 I would consider it bearish. Simple, compare move up with move down and you would see that UP is quick and significant as compare to down, which tells us that dodgy SL hunting is taking place and we should only be buying on down moves. Dollar has been bought on the news now it's being sold again. It shouldn't go down too much but banks would love to screw SL's in the process.
here is my magic lines... pointing for short as well
- #14,236
- Jun 14, 2011 9:04am Jun 14, 2011 9:04am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #14,237
- Jun 14, 2011 9:11am Jun 14, 2011 9:11am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I can't make head & tail of my magic line(s)....
Can you??
All I know is pound ain't bearish for now
Only if it goes below 63 I would consider it bearish. Simple, compare move up with move down and you would see that UP is quick and significant as compare to down, which tells us that dodgy SL hunting is taking place and we should only be buying on down moves. Dollar has been bought on the news now it's being sold again. It shouldn't go down too much but banks would love to screw SL's in the process.
Look GU H1... at least 2 formed short setup... off from MP. but still up there we are
I don't want a job, i want money!
- #14,238
- Jun 14, 2011 9:12am Jun 14, 2011 9:12am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
that is why i am flat... and it's being difficult to trade. mixed signals.
Look GU H1... at least 2 formed short setup... off from MP. but still up there we are
question is we both have a pullback to triangle breakout..i think we on the right side
- #14,239
- Jun 14, 2011 9:13am Jun 14, 2011 9:13am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
My magic line is the most magical of all!!!!
My magic line says bullish, if you have problems finding pound being bullish. "...................
Turn your monitor upside down.
My magic line says bullish, if you have problems finding pound being bullish. "...................
Turn your monitor upside down.
Thank You
- #14,240
- Jun 14, 2011 9:16am Jun 14, 2011 9:16am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
My magic line is the most magical of all!!!!
My magic line says bullish, if you have problems finding pound being bullish. "...................
Turn your monitor upside down.
u gotta love how drawdown makes u see what yah want to see..