nice, like the quarterly...
interesting that price has broken out and retest the trendline and support confluence..question is can it break above 1.46
potential range 1.40-1.46
- #513,321
- Aug 7, 2011 6:31am Aug 7, 2011 6:31am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
interesting that price has broken out and retest the trendline and support confluence..question is can it break above 1.46
potential range 1.40-1.46
- #513,322
- Aug 7, 2011 6:37am Aug 7, 2011 6:37am
- | Joined Apr 2010 | Status: Trader | 1,035 Posts
big numbers are our friends...
- #513,323
- Aug 7, 2011 6:40am Aug 7, 2011 6:40am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
sorry i forgot the price levels..hopefully this is better
interesting that price has broken out and retest the trendline and support confluence..question is can it break above 1.46
potential range 1.40-1.46
...I've been using quarterly levels for some time, and I have to say they get more respect than the yearly levels...
Look Sharp/Trade Tight
- #513,326
- Aug 7, 2011 6:46am Aug 7, 2011 6:46am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #513,327
- Aug 7, 2011 6:48am Aug 7, 2011 6:48am
- | Joined Apr 2010 | Status: Trader | 1,035 Posts
Personally i think the BoJ would be mad to intervene tomorrow > what could happen is if the BoJ waits until the USD looks better than the EUR, then that sets up well for Dollar appreciation and therefore their intervention would be more effective. Just to clarify this is just me speculating > sounding ideas > if you really want to know i would avoid trading too much on the JPY until market sentiment is strong enough in one direction to justify intervention > you could even make a long term play of it and short yen near a top, because there will...
that's exactly what i'm trying to figure out. generally, i'm completely out any CHF,JPY trades these days and haven't even bothered about interventions at all. but the downgrade situation put that question on the table. so what i'm trying to understand is - is there any time of day that we can be certain (as certain as anything in the market, of course
) that the intervention will/should not occur?i realized BOJ intervened in asia session when liquidity is low. that made me thinking that despite announcements, if we see CHF or JPY rally these days in LOndon/NY overlap (highest liquidity) that it might be low risk 'go with the flow', and i'm not sure how solid are the grounds of that conclusion?
big numbers are our friends...
- #513,328
- Aug 7, 2011 6:49am Aug 7, 2011 6:49am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
yes, better thanks...
I've been using quarterly levels for some time, and I have to say they get more respect than the yearly levels...
i only just started looking at them..thx for the tip
- #513,329
- Aug 7, 2011 6:51am Aug 7, 2011 6:51am
- | Joined Apr 2010 | Status: Trader | 1,035 Posts
big numbers are our friends...
- #513,330
- Aug 7, 2011 6:52am Aug 7, 2011 6:52am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #513,332
- Aug 7, 2011 6:56am Aug 7, 2011 6:56am
- | Joined May 2010 | Status: Trader | 1,078 Posts
i have a question that i don't have enough experience and knowledge to answer so if any of you more experienced traders could i'd be very thankful.
regarding this situation i'm trying to evaluate the risk going into CHF (and)(or) JPY at the moment. It wouldn't be much thinking about it if there was no BOJ intervention and if BS one wasn't announced. Now, what we have is: scared investors on one side looking for safe havens and national banks on the other trying to depreciate their own currencies. What i'm interested in is, assuming the development...
I am going mad with rating agencies. They have the power to move market if remember Portugal downgrade. How secure is this????? Or we can be sure that it is not manipulating the market???? Is someone not used to make their interests?????
Once scalper always scalper 
- #513,334
- Aug 7, 2011 7:04am Aug 7, 2011 7:04am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
at oanda.
weekly chart,
no joke:
did you had any pending sell order at 1.59
i can see it on weekly,monthly but not on daily,4h or 1h
Mohan
- #513,335
- Aug 7, 2011 7:04am Aug 7, 2011 7:04am
- | Joined Apr 2010 | Status: Trader | 1,035 Posts
Read the trading chaos.(Bill Williams) There, he says no, even those rich people that Soros is not able to move the market. Central banks can move only in short term. CHF and JYP no choice have only fight market. Whats is fulish.
I am going mad with rating agencies. They have the power to move market if remember Portugal downgrade. How secure is this????? Or we can be sure that it is not manipulating the market???? Is someone not used to make their interests?????
and about rating agencies...as i said yesterday, they are obviously not strictly market/economic entities since i really don't see any logic in US and Belgium having the same rating. but, that's behind my ability to understand and surely far behind my knowledge so i don't pretend to be able getting any relevant conclusions about it.
big numbers are our friends...
- #513,337
- Aug 7, 2011 7:24am Aug 7, 2011 7:24am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #513,338
- Aug 7, 2011 7:27am Aug 7, 2011 7:27am
- Joined May 2009 | Status: Re-member | 6,497 Posts
did you had any pending sell order at 1.59
i can see it on weekly,monthly but not on daily,4h or 1h
What actually has happen is there is one or several numbers which are off a bit... or a lot.... in 2 folders, weekly and monthly... if you go into the data bank you can take them out manually...
They would probably be happy if you sent them an email...
- #513,339
- Aug 7, 2011 7:29am Aug 7, 2011 7:29am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #513,340
- Aug 7, 2011 7:31am Aug 7, 2011 7:31am
- Joined May 2009 | Status: Re-member | 6,497 Posts
no follow though yet until then i wouldnt
Funny that there have been intervention both ways though...
Makes it easier