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  • #1,621
  • Aug 8, 2011 4:08am Aug 8, 2011 4:08am
One hour left until midday ...

As far as I remember T@ra did mention some thoughts about this time-zone or point of time already ...

Mkt may shift into another gear then ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,622
  • Aug 8, 2011 4:13am Aug 8, 2011 4:13am
Quoting mercy seat
One hour left until midday ...

As far as I remember T@ra did mention some thoughts about this time-zone or point of time already ...

Mkt may shift into another gear then ...




;-|
in 45 mins volatility will rise.
  • #1,623
  • Aug 8, 2011 4:28am Aug 8, 2011 4:28am
Exactly ... and now it's weakening ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,624
  • Aug 8, 2011 4:34am Aug 8, 2011 4:34am
ok - what happened ...
on friday we had a downgrade of u.s. credit rating
today is the first trading day after the downgrade
G20 meeting today
the market is currently very nervous and reacts to the smallest utterances of some assholes that have nothing to say otherwise
I am a purely technical trader - but today the whole analysis and preparation could within a few moments fly around the ears...

so for me - very very careful today
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  • #1,625
  • Aug 8, 2011 5:01am Aug 8, 2011 5:01am
4250 support.

4220 next if it breaks lower. 4282 resistance now.
  • #1,626
  • Aug 8, 2011 5:03am Aug 8, 2011 5:03am
Quoting tradertom
ok - what happened ...
on friday we had a downgrade of u.s. credit rating
today is the first trading day after the downgrade
G20 meeting today
the market is currently very nervous and reacts to the smallest utterances of some assholes that have nothing to say otherwise
I am a purely technical trader - but today the whole analysis and preparation could within a few moments fly around the ears...

so for me - very very careful today
1. US downgrade
2. G7 meeting
3. ECB and bond buying
4. Monday
5. August
  • #1,627
  • Aug 8, 2011 5:07am Aug 8, 2011 5:07am
sup @ 50% fibonacci zone!


Quoting T@rantula
4250 support.

4220 next if it breaks lower. 4282 resistance now.
  • #1,628
  • Aug 8, 2011 5:14am Aug 8, 2011 5:14am
http://www.actionforex.com/markets/p...tmpl=component


Not soo far away anymore from our beloved central PP ... which cuts in at 1.4212 zone ...

Lowest we have seen now is at 1.4241 (which represents 23.6% fib-retrace from Friday high) and below that ... we have 1.4222 as acceleration point which can re-open (if confirmed by a clean hourly cross below 1.4212) further downside pressure very easily ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,629
  • Aug 8, 2011 5:15am Aug 8, 2011 5:15am
Quoting T@rantula
1. US downgrade
2. G7 meeting
3. ECB and bond buying
4. Monday
5. August



how are u doin?
Hero calls followed by margin calls...
  • #1,630
  • Aug 8, 2011 5:22am Aug 8, 2011 5:22am
Quoting mercy seat
I think we will find us soon in a "sell the rallies situation" again ...

1.4212 is not a too ambitious tgt again ... as long as 1.4430 and 1.4454 will not be crossed ...

It's a Monday ... and an old rule says ... don't jump in too early on a Monday ... and don't leave too late on a Friday ...



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Downside still favoured while capped below 1.4301 - 1.4315 on hourly basis ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,631
  • Aug 8, 2011 5:35am Aug 8, 2011 5:35am
how i'd like to short that...

Quoting mercy seat
Downside still favoured while capped below 1.4301 - 1.4315 on hourly basis ...



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dreams do come true.
  • #1,632
  • Aug 8, 2011 5:45am Aug 8, 2011 5:45am
possible bear flag on the 5m. 1.4220?
dreams do come true.
  • #1,633
  • Aug 8, 2011 6:02am Aug 8, 2011 6:02am
don't think it will be a flag. waiting.
dreams do come true.
  • #1,634
  • Aug 8, 2011 6:04am Aug 8, 2011 6:04am
Quoting wannaberich
possible bear flag on the 5m. 1.4220?
if so, would you trade it?

No....
Hero calls followed by margin calls...
  • #1,635
  • Aug 8, 2011 6:06am Aug 8, 2011 6:06am
i won't!

LOL

begins to look more and more like it... will u?

Quoting PhAnTi'
if so, would you trade it?

No....
dreams do come true.
  • #1,636
  • Aug 8, 2011 7:11am Aug 8, 2011 7:11am
Quoting PhAnTi'



how are u doin?
Staying flat and testing some strategies i have been working on last 3 months
  • #1,637
  • Aug 8, 2011 7:41am Aug 8, 2011 7:41am
Quoting T@rantula
Staying flat and testing some strategies i have been working on last 3 months
I got one nice one strategy based on Cycles Theory here, willing to share when finish.
All I need is historical qoutes of EURUSD for the begining.
PM mercy already, it is up to him to provide the quotes.

Cheers,
Seb
  • #1,638
  • Aug 8, 2011 8:22am Aug 8, 2011 8:22am
Quoting Flynchenberg
I got one nice one strategy based on Cycles Theory here, willing to share when finish.
All I need is historical qoutes of EURUSD for the begining.
PM mercy already, it is up to him to provide the quotes.

Cheers,
Seb
This what I work on is a bounce system..
  • #1,639
  • Aug 8, 2011 9:19am Aug 8, 2011 9:19am
Last 2 hours AUD is good for shorts with stops at 0375
  • #1,640
  • Aug 8, 2011 9:31am Aug 8, 2011 9:31am
Quoting mercy seat
http://www.actionforex.com/markets/p...tmpl=component


Not soo far away anymore from our beloved central PP ... which cuts in at 1.4212 zone ...

Lowest we have seen now is at 1.4241 (which represents 23.6% fib-retrace from Friday high) and below that ... we have 1.4222 as acceleration point which can re-open (if confirmed by a clean hourly cross below 1.4212) further downside pressure very easily ...



;-|

Okey-dokey ... lowest been 1.4150/509 ... until now ...

Which is not a surprise ...

1.4165 has been our pivotal downtrigger (Écart) ...

Next challenge 1.4148 and 1.4126 (first daily pivotal support) on the agenda ... while below 1.4215 zone (st trend trigger) which has been our beloved downside break-point area ... on hourly basis ...



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