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  • #483,301
  • Jul 7, 2011 2:50pm Jul 7, 2011 2:50pm
the pair seems to be stuck. this is yesterday's chart.. with nfp tomorrow this could easily open doors up for 4500. bouncing up and down.. missed the targets today by few pips.

on the daily bears still got it, chart below.

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  • #483,302
  • Jul 7, 2011 2:50pm Jul 7, 2011 2:50pm
Quoting fontu
Ok , sure , do your own not the channel nor me either . I like that . what you think about all fundies & price relation this next ?
fontu
Well. Buying from EU prev week can be caused by interest rate hike. In any case the selling this week has been caused by temporal effects (downgrade of Portugal and speculation that China might not be able to buy that much European debt as expected). This can easily be retraced. Asian session first. If it moves to 4220, it creates a nice sell. 4300ish, nice buy. After NFP I'm looking for a long.

But this is way too much thinking for me already...
  • #483,303
  • Jul 7, 2011 2:51pm Jul 7, 2011 2:51pm
Quoting IMARICH1
Does no one else see the 1hr BULL flag?
1. flag just started... (if it is a flag)
2. it can turn into many different patterns. meaning.... too early to tell.
3. bull flags can break to downside.
4. almost at the end of the session. (low volume time)
5. nfp tomorrow.

too many reasons not to trade.... then again... that's just me.
  • #483,304
  • Jul 7, 2011 2:52pm Jul 7, 2011 2:52pm
Quoting IMARICH1
Does no one else see the 1hr BULL flag?
Don't you need at least 2 swings to connect a line for a flag? I just see inside bar trading so far and tick below 1.433x will trigger short in that TF....but thats a quick observation only as I am more interested in the H4 failure to confirm the break up (breach but not break)....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #483,305
  • Jul 7, 2011 2:53pm Jul 7, 2011 2:53pm
Thanks pkimnyc.....I do value your input....appreciate it!
  • #483,306
  • Jul 7, 2011 2:53pm Jul 7, 2011 2:53pm
Some sisse-style levels for intraday

And a fib ext towards 96

keeps me long for the moment.
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  • #483,307
  • Jul 7, 2011 2:54pm Jul 7, 2011 2:54pm
Still bullish here
Disclaimer: Check your 1m charts
  • #483,308
  • Edited 3:10pm Jul 7, 2011 2:58pm | Edited 3:10pm
Quoting cloggie
Momentum on the break of a lower minor and it had formed a nice bull flag, so that was actually the no brainer of the day and went in pretty heavy to get the last bit of the run. (heavier then I normally would have as part of my scaling in strategy)
Bull flag interpretation

Edit:
Closed all longs. It would have been better if I had open profitable longs going into the flag - as it becomes a 50/50 coin toss during ASIAN.
Another lesson learned. Oh well... still green pips.
A pip is only worth it if you know how much you risked to earn it
  • #483,309
  • Jul 7, 2011 2:58pm Jul 7, 2011 2:58pm
Quoting pipper
A Zoom in on MA's
thats just the daily reduction of volume around this time, the usual flatliner before PA starts burbing to asian open
  • #483,310
  • Jul 7, 2011 2:58pm Jul 7, 2011 2:58pm
i like to play with mine!
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dreams do come true.
  • #483,311
  • Jul 7, 2011 3:00pm Jul 7, 2011 3:00pm
sissie,

You may be right but I thought we have at least two posts in place...looks like 3 for flag pole and then we have consolidation going on and the flag part it at least triangle or points down.....which usually gives a b/o to the opposite side which would be UP.

It would be plausible that we would break UP to the top of TL and then drift down for NFP....however, I thought we were going to get 4140 today and we didn;t either and so.....I have a tight STOP in place and am waiting...

When you say one tick down on 1hr tf are you refering to the last low around 4133? This may help me to understand how you read closes and understand ticks...thanks
  • #483,312
  • Jul 7, 2011 3:03pm Jul 7, 2011 3:03pm
Quoting Mr. Aldi
Well. Buying from EU prev week can be caused by interest rate hike. In any case the selling this week has been caused by temporal effects (downgrade of Portugal and speculation that China might not be able to buy that much European debt as expected). This can easily be retraced. Asian session first. If it moves to 4220, it creates a nice sell. 4300ish, nice buy. After NFP I'm looking for a long.

But this is way too much thinking for me already...
Good analysis , I never care more to fundies, just take care at big news only . Anyway I like it . me too like it up after retrace in nfp wherever & before pressure to down side . expecting now it breaks 4336 overnight , see you next morning my time .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #483,313
  • Jul 7, 2011 3:04pm Jul 7, 2011 3:04pm
Quoting darimik
the pair seems to be stuck.
indeed brother..me thinks that 67 and 77 are important, close below 43 here will open the well tested and advertised 10/12 area...the red mofu green levels are the more important ones, as of now, whatever the hell that means...lol....
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Look Sharp/Trade Tight
  • #483,314
  • Jul 7, 2011 3:05pm Jul 7, 2011 3:05pm

Indeed.
What I meant is that when we start, we are better be ready for a few set backs...
As Rocky once said "It ain't how hard you hit, it's about how hard you can get hit and keep movving forward. How much you can take and keep moving forward"


Quoting pkimnyc
it's easier said than done, especially after being burnt up.
  • #483,315
  • Jul 7, 2011 3:05pm Jul 7, 2011 3:05pm
We have to watch out for a classic pre-Asia up-move though!
  • #483,316
  • Jul 7, 2011 3:08pm Jul 7, 2011 3:08pm
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  • #483,317
  • Jul 7, 2011 3:09pm Jul 7, 2011 3:09pm
Quoting PayTheLimit
indeed brother..me thinks that 67 and 77 are important, close below 43 here will open the well tested and advertised 10/12 area...the red mofu green levels are the more important ones, as of now, whatever the hell that means...lol....
thats exactly what I am looking at
  • #483,318
  • Jul 7, 2011 3:15pm Jul 7, 2011 3:15pm
Quoting fontu
Good analysis , I never care more to fundies, just take care at big news only . Anyway I like it . me too like it up after retrace in nfp wherever & before pressure to down side . expecting now it breaks 4336 overnight , see you next morning my time .

fontu
a matter of perspective, but we could see the fib 50 retracement by london open. however possible some kumo resistence on h1
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  • #483,319
  • Jul 7, 2011 3:17pm Jul 7, 2011 3:17pm
Quoting darimik
thats exactly what I am looking at
that said, will be eyeing 4419/21 above, another important area, what's you key above?
Look Sharp/Trade Tight
  • #483,320
  • Jul 7, 2011 3:18pm Jul 7, 2011 3:18pm
Some resistance levels ahead... BBL
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