It's pretty obvious during sovereign intervention times when market goes bazinga like today, pivots trendlines levels and patterns don't mean much 
Don't get mad, get even!
- #1,441
- Aug 4, 2011 1:18am Aug 4, 2011 1:18am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
- #1,443
- Aug 4, 2011 1:23am Aug 4, 2011 1:23am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
It's pretty obvious during sovereign intervention times when market goes bazinga like today, pivots trendlines levels and patterns don't mean much
- #1,445
- Aug 4, 2011 1:55am Aug 4, 2011 1:55am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #1,446
- Aug 4, 2011 2:12am Aug 4, 2011 2:12am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Good morning fellow traders!
Moin Stulic und T@ra as well!
Yes as long as this low 1.4234 and 1.4221 (!) hold it can travel further to the upside ...
BoJ action is over and done now obviously ... was not a real big one ... as expected ... they don't have enough gun-powder for such things ...
We have been seen a move ... suffering under those influences ...
Now it is important to obtain an hourly close still above 1.4257/52 zone ... which is minimum needed for further respite ...
Otherwise EU remains vulnerable for another...
- #1,447
- Aug 4, 2011 2:20am Aug 4, 2011 2:20am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
Hey Mercy, sorry was late response. Usually i understand German as I use translator tools
No ... for you I will do further in English then ... I don't want you to use that tools then ... thanx for reply ...
Anyway ... upside in EU is clearly questioned now ...
Under pressure again ...
Next challenge may be 1.4200/ 1.4197 then ...
If crosses below that (1.4197 is the major key according to my kind of apprach) ... then we can forget the upside for a while ... and our old downside targets are valid then again ...
1.4141 ... 1.4104 ... etcetera pp ...
;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #1,449
- Aug 4, 2011 2:34am Aug 4, 2011 2:34am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #1,450
- Aug 4, 2011 2:35am Aug 4, 2011 2:35am
- Joined Aug 2009 | Status: (I have a huge) Member | 5,555 Posts
plan went perfectly yesterday. right now i am (still) Long biased. but 1.4187 is the number for me to long. either that or an invalidation of 4270.
cam L4 playing it's part right now but i expect further down.
bottom line is. as long as daily close is above 1.4212 i expect further up.
besides, right now 2 different bullish patterns found (gartley on 1h and butterfly on 15m). these invalidate, respectively, at 4090 and 4170.
let me ask you guys one thing (speacially those that use pivot based trading like the Webman or the merciful German ). what do you use for open time?
i am in doubt between 23h or 00h GMT. usually it makes almost no difference. but with last night's move, it does. thanks in advance
hapipipin
WBR
cam L4 playing it's part right now but i expect further down.
bottom line is. as long as daily close is above 1.4212 i expect further up.
besides, right now 2 different bullish patterns found (gartley on 1h and butterfly on 15m). these invalidate, respectively, at 4090 and 4170.
let me ask you guys one thing (speacially those that use pivot based trading like the Webman or the merciful German
). what do you use for open time?i am in doubt between 23h or 00h GMT. usually it makes almost no difference. but with last night's move, it does. thanks in advance
hapipipin
WBR
Exactly 4198 daily support. Just scalps at the moment.
dreams do come true.
- #1,451
- Aug 4, 2011 2:48am Aug 4, 2011 2:48am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #1,454
- Aug 4, 2011 2:55am Aug 4, 2011 2:55am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
let me ask you guys one thing (speacially those that use pivot based trading like the Webman or the merciful German
WBR
- #1,455
- Aug 4, 2011 2:58am Aug 4, 2011 2:58am
- Joined Aug 2009 | Status: (I have a huge) Member | 5,555 Posts
dreams do come true.
- #1,456
- Aug 4, 2011 3:02am Aug 4, 2011 3:02am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #1,457
- Aug 4, 2011 3:03am Aug 4, 2011 3:03am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
Och joohh ...
Grüß Dich Ray!
Yes 1.42061 has been lowest now with my connections ...
And it is still under pressure ...
Da kommt später noch die EZB und TRIXER will take the chance to make for us a little floor dance as well then ...
;-|
lets see how this ones plays out
- #1,459
- Aug 4, 2011 3:18am Aug 4, 2011 3:18am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
Hard to say if we can hold above. I cant say anything right now. We are retesting 4235 again. If it holds yes, we can see 4198.
EU has been in Wide range these days, so its best to apply wide range scalping.
4235 is former support turned into an interim resistance.
Ich bin ein wenig übernächtigt ... didn't sleep until now ... and made my trades during Pacific Sessions ...
Therefore I'm a bit thru now ... overdone I mean ... durch den Wind geknallt ...
Hey Ray ... das ist eben Idiomatik ... wie sagt man sowas auf ENGLISCH ?
;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #1,460
- Aug 4, 2011 3:23am Aug 4, 2011 3:23am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
Thanx for your clear stance there my dear ...
Ich bin ein wenig übernächtigt ... didn't sleep until now ... and made my trades during Pacific Sessions ...
Therefore I'm a bit thru now ... overdone I mean ... durch den Wind geknallt ...
Hey Ray ... das ist eben Idiomatik ... wie sagt man sowas auf ENGLISCH ?
;-|