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  • #525,081
  • Aug 17, 2011 2:47am Aug 17, 2011 2:47am
Quoting proletary
BTW this isn't merely a technical bounce. I think it has more to do with with the attached SNB announcment. They seem to try to avert a trend reversal on USD/CHF.
Merely?

Check the area chief...

Technical Bounce Zone...

Exactly Technical bounce...Chino Back fill.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #525,082
  • Aug 17, 2011 2:48am Aug 17, 2011 2:48am
Quoting gatorinla
i see a channel since April. and its pointing down. and we were just at the top. in that channel from the the high to the low. we were just rejected from the 50% area. i just don't see bullish .. on a bigger channel since 2008 the same.
From wave prospective or the current 4 hr correction....Bull is still alive....and a healthy one...

ATM..where we bounced was the Demand/ supply level on 1 hr chart...and from wave prospective A fourth Wave and still 1 more wave UP is due as long as above 1.4263
Markets are not Random, they are designed!
  • #525,083
  • Aug 17, 2011 2:48am Aug 17, 2011 2:48am
  •  jet4x
  • | Joined Aug 2010 | Status: slow & steady turtle wins the race | 168 Posts
Quoting freemen
Again to 1.4330
Short 1.4377 TP 1.4330
with you........
  • #525,084
  • Aug 17, 2011 2:49am Aug 17, 2011 2:49am
Quoting kuroro001
Well done mate
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #525,085
  • Aug 17, 2011 2:49am Aug 17, 2011 2:49am
14150 today！
  • #525,086
  • Aug 17, 2011 2:49am Aug 17, 2011 2:49am
A healthy bull still alive. Just keep the Spaniards away.

Thats what I like to hear..
rat
  • #525,087
  • Aug 17, 2011 2:50am Aug 17, 2011 2:50am
Quoting Chicky
Sue him for your loss. He was way off for 6 pips. Bloody cheater. Brokers' tout MoFu.
lol..I am not mad...I am impressed by Gator
  • #525,088
  • Aug 17, 2011 2:51am Aug 17, 2011 2:51am
Quoting QweeQwa
1.03 TO 1.14 in about a week.

I do not know why, but that is one hell of a move.
One HELL of a move, indeed!

Where to now? Who knows when those forces are at play. Scary stuff!
  • #525,089
  • Aug 17, 2011 2:52am Aug 17, 2011 2:52am
Quoting sisse
Well that was 1st test of last break out point so no surprises there in my book. Although 1.450x is marginally open for today, I am looking to the other side with H4 (1.428x) if daily roll doesn't hold NY open....

sisse

What is the market psychology/thought process when there is a biggish whipsaw like this? Is it simply a fake to trap one side or the other? Or is the market wildly searching for correct price?

EDIT: I should clarify I am asking about the London open (not the frankfurt open)
We're all stories in the end. Just try to make it a good one.
  • #525,090
  • Aug 17, 2011 2:53am Aug 17, 2011 2:53am
Quoting kenfen69
Castration point?
mid from the recent low till 44045
those who can, do. those who cant, talk about those who can
  • #525,091
  • Aug 17, 2011 2:53am Aug 17, 2011 2:53am
Quoting Magix
Flat tire zone...
Out of gas?

Hungover yet?
  • #525,092
  • Aug 17, 2011 2:54am Aug 17, 2011 2:54am
Quoting fatpanda
14150 today！
Still no bamboo?

Fat panda bear...you're crazy! Crazy 'cause you're hungry!
  • #525,093
  • Aug 17, 2011 2:55am Aug 17, 2011 2:55am
Quoting kenfen69

Hungover yet?
Cripes no...

Had a couple sodas, figured I watch a little TV and hammer a couple quickies...

Damn...sure didnt wanna park there long...flat tire and right into the ditch.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #525,094
  • Aug 17, 2011 2:56am Aug 17, 2011 2:56am
Quoting Traderji
What is the market psychology/thought process when there is a biggish whipsaw like this? Is it simply a fake to trap one side or the other? Or is the market wildly searching for correct price?

EDIT: I should clarify I am asking about the London open (not the frankfurt open)


tbd...
  • #525,095
  • Aug 17, 2011 2:56am Aug 17, 2011 2:56am
Quoting Magix
Merely?

Check the area chief...

Technical Bounce Zone...

Exactly Technical bounce...Chino Back fill.
Yeah I got what you say. Have 1.4328 plotted on my chart based on previous H1 hi/lows. What I meant is, that this bounce was supercharged by the SNB anouncment. The bears were on the roll and most probably would have broken .4328 weren't it for the CB.

BTW: Forgive my ignorance what is "Chino Back fill"?
"Put your shoulder to the wheel!"
  • #525,096
  • Aug 17, 2011 2:57am Aug 17, 2011 2:57am
Quoting rattyo
A healthy bull still alive. Just keep the Spaniards away.

Thats what I like to hear..
You can Quote me...I will never be insulting for no reason....

What does Spaniards MEAN?
Markets are not Random, they are designed!
  • #525,097
  • Aug 17, 2011 2:57am Aug 17, 2011 2:57am
Quoting Traderji
What is the market psychology/thought process when there is a biggish whipsaw like this? Is it simply a fake to trap one side or the other? Or is the market wildly searching for correct price?
Well mate it was a basic Technical move. Uptrend (H4 I mean) retrace to last breakout point. Who bought there?, don't know, why they bought again? don't know, are the same player buying there or new ones? don't know.

Is just a TA move, a break and test of the break is almost 90% of all moves every day in any TFs, in any instrument (except in a range where the top and bottom are the only one tradable).

If you want to have hint if this is a fake to trap one or not, just include the next TF in the picture. In this case is daily, and daily is testing the top of the range....so draw your own conclusions....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #525,098
  • Aug 17, 2011 2:59am Aug 17, 2011 2:59am
Quoting Traderji
What is the market psychology/thought process when there is a biggish whipsaw like this? Is it simply a fake to trap one side or the other? Or is the market wildly searching for correct price?

EDIT: I should clarify I am asking about the London open (not the frankfurt open)

If you're talking about the sudden move up, its some of the banks expecting the GBP unemployment data to be bullish(pulling euro up along with it), just how far is another question.
  • #525,099
  • Aug 17, 2011 3:00am Aug 17, 2011 3:00am
Quoting Magix
Cripes no...

Had a couple sodas, figured I watch a little TV and hammer a couple quickies...

Damn...sure didnt wanna park there long...flat tire and right into the ditch.
Good stuff!

I'd much rather run out of gas...where was that level again? Trying to decide if I should park it for the night...cash my chips and accept hangover tomorrow...OR...

Push it until the meter reads "E"...red backlight style.
  • #525,100
  • Aug 17, 2011 3:01am Aug 17, 2011 3:01am
Good morning everyone

Same pivot play like TY.
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