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  • #475,181
  • Jun 29, 2011 2:01am Jun 29, 2011 2:01am
Quoting T@rantula
Yes, the point is..It looks bullish and it its all over the board bullish ( failing to close below 4336-yesterday's London session resistance) but the problem is, the optimism is already priced in, and market occasionally reverses violently after the fact.

I'm not 100% sure, perhaps Sisse can confirm this, but this month so far, each FA event has seen the market rally into it, then break. ECB meeting, FED meeting, 1st Greek Vote, and today...buy the rumor, sell the fact guys have made a killing...
Look Sharp/Trade Tight
  • #475,182
  • Jun 29, 2011 2:03am Jun 29, 2011 2:03am
Hi, Point and figure:
MT4, SETUP: 10x3
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  • #475,183
  • Jun 29, 2011 2:04am Jun 29, 2011 2:04am
Quoting T@rantula
Yes, the point is..It looks bullish and it its all over the board bullish ( failing to close below 4336-yesterday's London session resistance) but the problem is, the optimism is already priced in, and market occasionally reverses violently after the fact.
yes...price may already reflect the market sentiment here...that is one of my concern too...
with the PA since monday...it is possible to boost to 1.45 level..
however..will we see some buy rumours sell fact here?~
even if Greek government vote pass...it doesnt mean that they survive from this crisis.....anything bad happen may destroy this uptrend...

so its better not to take any order here...since its end of month...QE2 ends tmr...and also we have Greek vote later...

volatile market expected...
Patience, Emotion Control and Discipline.
  • #475,184
  • Jun 29, 2011 2:06am Jun 29, 2011 2:06am
Morning all. Staying out at the moment since there are no clear signals in any direction. On 4 hours/daily it does look like we're on the top of a range.
  • #475,185
  • Jun 29, 2011 2:07am Jun 29, 2011 2:07am
Quoting T@rantula
Yes, the point is..It looks bullish and it its all over the board bullish ( failing to close below 4336-yesterday's London session resistance) but the problem is, the optimism is already priced in, and market occasionally reverses violently after the fact.
Well I don't see real bulls (but a short squeeze) without a break of daily R 1.444x (so it makes HH and HL in daily) and fading a potential range formation on failure to break that R and confirmation is the best r:r play for next weeks.

Intraday, I see crumbs to the top side and nothing tradable yet to the downside until rejection of the highs of the range.

Here is my updated daily zoom in chart.

sisse
Attached Image (click to enlarge)
Click to Enlarge Name: Zoomin5.jpg Size: 47 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #475,186
  • Jun 29, 2011 2:08am Jun 29, 2011 2:08am
Quoting PayTheLimit
I'm not 100% sure, perhaps Sisse can confirm this, but this month so far, each FA event has seen the market rally into it, then break. ECB meeting, FED meeting, 1st Greek Vote, and today...buy the rumor, sell the fact guys have made a killing...
Exactly...hit and run tactics or staying sidelined works good in situations such as these.

Its hard to trade the market technically when major news are expected as a single word can turn the tide.
  • #475,187
  • Jun 29, 2011 2:09am Jun 29, 2011 2:09am
Still waiting for 1,4415...and waiting to see if the last daily swing high will be broken or not..
COT: The precious data ignored
  • #475,188
  • Jun 29, 2011 2:11am Jun 29, 2011 2:11am
Quoting T@rantula
Yes, the point is..It looks bullish and it its all over the board bullish ( failing to close below 4336-yesterday's London session resistance) but the problem is, the optimism is already priced in, and market occasionally reverses violently after the fact.
Yes ... that's the way I will prefer ...

First up then a massive downleg again ...

Maybe we can do that with a mixture of Cascading Looping Staples at some topside running out there and some lower additional Entry Stops later ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #475,189
  • Jun 29, 2011 2:13am Jun 29, 2011 2:13am
Aussie rally at critical resistance, funnily enough it timed exactly around 1.0600.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie29061.gif Size: 30 KB
Don't get mad, get even!
  • #475,190
  • Jun 29, 2011 2:14am Jun 29, 2011 2:14am
Quoting PayTheLimit
I'm not 100% sure, perhaps Sisse can confirm this, but this month so far, each FA event has seen the market rally into it, then break. ECB meeting, FED meeting, 1st Greek Vote, and today...buy the rumor, sell the fact guys have made a killing...
Well despite my opinion mate, charts confirm what you are saying.

Check all the swings down since the breakout down bar the 15th all of them are sell the news and all the pullbacks are buy the rumor. Thats why is clear and has acted accordingly as a short squeeze since the vote is on the table as only FA short term. (also a nice textbook for the FA traders deniers)

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #475,191
  • Jun 29, 2011 2:19am Jun 29, 2011 2:19am
Quoting sisse
Well despite my opinion mate, charts confirm what you are saying.

Check all the swings down since the breakout down bar the 15th all of them are sell the news and all the pullbacks are buy the rumor. Thats why is clear and has acted accordingly as a short squeeze since the vote is on the table as only FA short term. (also a nice textbook for the FA traders deniers)

sisse
thanks for checking mate, was not 100% sure, lets see how today unfolds...btw 4396/4512 is the 50% mofu for last months range...

good luck...
Look Sharp/Trade Tight
  • #475,192
  • Jun 29, 2011 2:19am Jun 29, 2011 2:19am
EURJPY
Attached Image (click to enlarge)
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  • #475,193
  • Jun 29, 2011 2:19am Jun 29, 2011 2:19am
s4399
those who can, do. those who cant, talk about those who can
  • #475,194
  • Jun 29, 2011 2:20am Jun 29, 2011 2:20am
Quoting mohan76
as long as you can afford the loss , yes, i don't trust any , any time they can file chapter 11

I know people are crook out there...
Trade responsiblypatience is the key/Swing trader
  • #475,195
  • Jun 29, 2011 2:22am Jun 29, 2011 2:22am
Quoting gatorinla
s4399

im currently holding a s4393 aswell, but not really convinced just playing the RR and 4400 level.
  • #475,196
  • Jun 29, 2011 2:23am Jun 29, 2011 2:23am
Quoting sisse
Well I don't see real bulls (but a short squeeze) without a break of daily R 1.444x (so it makes HH and HL in daily) and fading a potential range formation on failure to break that R and confirmation is the best r:r play for next weeks.

Intraday, I see crumbs to the top side and nothing tradable yet to the downside until rejection of the highs of the range.

Here is my updated daily zoom in chart.

sisse
Exactly as that break will make W 1 2 3 bulllish pattern also. Lets see the reaction. As you say nothing on short side until rejection. Positive reversal signals on RSI chart although entry was missed
  • #475,197
  • Jun 29, 2011 2:23am Jun 29, 2011 2:23am
GBP = still open
EUR = +12
USOIL = +25

Pending long EUR 1.4402

Quoting Dayboy001
Morning all,

Levels
GBP 1.60078
EUR 1.4360
USOIL 93.03

Pending longs just above those levels, won't take shorts from these positions at the moment.

Pending on USOIL
Long 92.05

Trialing 35 pips gaps on USOIL TP around 20-25 (still early days yet).
  • #475,198
  • Jun 29, 2011 2:25am Jun 29, 2011 2:25am
[quote=gatorinla;4733943
the actual # is 4397.8... plus some slip.. probably not a lot of slip. maybe dt.. with some tweezers would be a good indication[/quote]
reason
those who can, do. those who cant, talk about those who can
  • #475,199
  • Jun 29, 2011 2:26am Jun 29, 2011 2:26am
Quoting kenfen69
I V'd him for you!

Good stuff mate taking care of each other filtering out the crap, hehe
  • #475,200
  • Jun 29, 2011 2:27am Jun 29, 2011 2:27am
Quoting PayTheLimit
thanks for checking mate, was not 100% sure, lets see how today unfolds...btw 4396/4512 is the 50% mofu for last months range...

good luck...
Agree. From 1.439x we are in R zone. 1.444x is my R reference and sure your 1.451x is wide open for and overshoot on a wick (better seen with a vertical approach [trendlines and lines] ...the triangle in daily/weekly ...check Piters chart for reference).

Crap morning expected in all markets, and the major european indices will confirm that in a few minutes after the opening range. Checking EJ and CHF for reference today as a poster mentioned before.... good luck today

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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