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  • #1,341
  • Aug 2, 2011 5:11am Aug 2, 2011 5:11am
Have not got much time ...



palim palim




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Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-07-31_23h15 - ZigZag + Pivot Survey _ EURUSD _ Weekly REOPEN _ W-31.PNG Size: 125 KB
Click to Enlarge Name: 2011-08-01_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-31.PNG Size: 125 KB
Click to Enlarge Name: 2011-08-02_00h00 - ZigZag + Pivot Survey _ EURUSD _ REOPEN _ W-31.PNG Size: 125 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,342
  • Aug 2, 2011 5:17am Aug 2, 2011 5:17am
Now..its profit taking and consolidation time. Profit taking usually starts before London noon with its close. Usually in between 11 GMT-12 GMT we could experience the TEMPORARY END of intraday trend due to PROFIT TAKING. Thats when SUDDEN reversals happen due to profit taking and those are usually heavier retracements.
I usually stop trading and dont make any positions in these hours ( 11 GMT-12 GMT). After profit taking we have consolidation and positioning.

SO basically, if u follow the trend and you apply trend trading strategy stay away from trading between 11 GMT - 12 GMT time.
  • #1,343
  • Aug 2, 2011 5:22am Aug 2, 2011 5:22am
Quoting T@rantula
[color=Red]Now..its profit taking and consolidation time. Profit taking usually starts before London noon with its close. Usually in between 11 GMT-12 GMT we could experience the TEMPORARY END of intraday trend due to PROFIT TAKING. Thats when SUDDEN reversals happen due to profit taking and those are usually heavier retracements.
I usually stop trading and dont make any positions in these hours ( 11 GMT-12 GMT). After profit taking we have consolidation and positioning.

SO basically, if u follow the trend and you apply trend trading strategy stay...
Good info.
What is the source? experience?Bank insider?

Keep it doing like that,
Seb
  • #1,344
  • Aug 2, 2011 7:24am Aug 2, 2011 7:24am
Quoting Flynchenberg
Good info.
What is the source? experience?Bank insider?

Keep it doing like that,
Seb
All of that
  • #1,345
  • Aug 2, 2011 7:45am Aug 2, 2011 7:45am
long -> short squeeze
Attached Image(s) (click to enlarge)
Click to Enlarge Name: long22.JPG Size: 152 KB
Click to Enlarge Name: long22_stat.jpg Size: 135 KB
  • #1,346
  • Aug 2, 2011 7:50am Aug 2, 2011 7:50am
Quoting FX-Ray
long -> short squeeze
interesting charts and good job.

Yes 4150 was turning point..it is holding EU. I missed the entry but ofc a good 1.
  • #1,347
  • Aug 2, 2011 8:03am Aug 2, 2011 8:03am
Quoting T@rantula
interesting charts and good job.

Yes 4150 was turning point..it is holding EU. I missed the entry but ofc a good 1.
thanks T@rantula, dont worry about the missed opportunity, the next one is around the corner.
  • #1,348
  • Aug 2, 2011 8:06am Aug 2, 2011 8:06am
2pm London...Rollover usually they counter the trend going opposite. in 30 mins DOW will open, wall street to its maximum.

Am flat now
  • #1,349
  • Aug 2, 2011 8:14am Aug 2, 2011 8:14am
Quoting FX-Ray
long -> short squeeze

Well ...

Yes ... not a short squeeze ...

But overall ... bad numbers from US ...

From market rythm ... we can expect further upside ...

Buy on dips ... our parole from now ... after today's lows ...



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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-02_00h01 - ZigZag + Pivot Survey _ EURUSD _ REOPEN _ W-31.PNG Size: 120 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,350
  • Aug 2, 2011 8:28am Aug 2, 2011 8:28am
Quoting mercy seat
Well ...

Yes ... not a short squeeze ...

But overall ... bad numbers from US ...

From market rythm ... we can expect further upside ...

Buy on dips ... our parole from now ... after today's lows ...



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http://www.forexfactory.com/attachme...4&d=1312279806


TGTs has been mentioned here ...

1.4139/ 21 and 1.4104 ... is major key point area ...

Must hold ... otherwise forget it ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,351
  • Aug 2, 2011 8:43am Aug 2, 2011 8:43am
Quoting mercy seat
http://www.forexfactory.com/attachme...4&d=1312279806


TGTs has been mentioned here ...

1.4139/ 21 and 1.4104 ... is major key point area ...

Must hold ... otherwise forget it ...



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Mercy, where to look at first when I watch your Excel File? thanks in advance!
  • #1,352
  • Aug 2, 2011 9:10am Aug 2, 2011 9:10am
EU stormed thru Monthly pivot point. Same PA as yesterday. Staying aside atm.
  • #1,353
  • Aug 2, 2011 9:20am Aug 2, 2011 9:20am
I wonder if the market isnt anticipating a down grade of the US AAA rating despite the pending vote by senate at 4pm?
Quoting T@rantula
EU stormed thru Monthly pivot point. Same PA as yesterday. Staying aside atm.
  • #1,354
  • Aug 2, 2011 9:26am Aug 2, 2011 9:26am
Quoting BrunargarFx
I wonder if the market isnt anticipating a down grade of the US AAA rating despite the pending vote by senate at 4pm?
We will see,im more into scalping AUDUSD now.

EU needs to hold 4280 level for bullish move
  • #1,355
  • Aug 2, 2011 9:42am Aug 2, 2011 9:42am
Quoting FX-Ray
Mercy, where to look at first when I watch your Excel File? thanks in advance!

Remind me please on week-end ...

In my PM section ...

Du hast sicherlich bemerkt, dass dort der eigentliche Austausch stattfindet ...

Und zwar vornehmlich zug um zug ...

Da ist noch was offen ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,356
  • Aug 2, 2011 9:42am Aug 2, 2011 9:42am
Quoting T@rantula
We will see,im more into scalping AUDUSD now.

EU needs to hold 4280 level for bullish move
I think 1,42375 needs to hold for bullish move.. at least thats where I look at.
  • #1,357
  • Aug 2, 2011 10:00am Aug 2, 2011 10:00am
Quoting FX-Ray
I think 1,42375 needs to hold for bullish move.. at least thats where I look at.
If cuts below 1.4213/ 05 ... then you may forget it for a while ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,358
  • Aug 2, 2011 10:06am Aug 2, 2011 10:06am
Quoting mercy seat
If cuts below 1.4213/ 05 ... then you may forget it for a while ...



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Agree
  • #1,359
  • Aug 2, 2011 10:15am Aug 2, 2011 10:15am
Quoting T@rantula
We will see,im more into scalping AUDUSD now.

EU needs to hold 4280 level for bullish move
Exactly.

EU going down. 4150 again if fails 4080 next.
  • #1,360
  • Aug 2, 2011 10:41am Aug 2, 2011 10:41am
As long as above today's low there are still chances later ...

Maybe when LONDON loo attendants have left the place ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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