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  • #531,541
  • Aug 26, 2011 11:24am Aug 26, 2011 11:24am
Quoting Robertk
EU yields / concerns higher, no QE3 announced, and we´re skyrocketing up ?
I just don´t get the logic behind it atm.
that’s right
wrong market
  • #531,542
  • Aug 26, 2011 11:25am Aug 26, 2011 11:25am
Quoting Robertk
EU yields / concerns higher, no QE3 announced, and we´re skyrocketing up ?
I just don´t get the logic behind it atm.
Well is not that hard this time.

First, When stock markets start rallying during risky environments, dollars are sold and move to bet on more risk assets like stocks, etc.

Second, QE3 was delayed till September Fed meeting not dismiss meaning the expectation are still there but you will need to pay attention to next US numbers and especially the next NFP....If those numbers are bad we will have the same expectations of today on the next FED meeting. Meanwhile, expect the same range in the pair since QE2 was canceled and EZ is still with the same unresolved debt problems....

I hope it helps.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #531,543
  • Aug 26, 2011 11:26am Aug 26, 2011 11:26am
Quoting fatpanda
14580 today
  • #531,544
  • Aug 26, 2011 11:27am Aug 26, 2011 11:27am
Quoting Chicky
Market is always right. Its only that our speculation is either wrong or we sometimes are not beforehand aware of factors driving the market. Then there is normal market volatility. If we are playing a range of 200 pips in normal times, even 400 pip move in irrational direction is normal for a new development with a potential of moving this market by 2,000 pips. This is what happening right now. Patience and keeping positions small until dust clears, is the key.
haha touche, wise thoughts
  • #531,545
  • Aug 26, 2011 11:32am Aug 26, 2011 11:32am
The move upward is almost done. Reversal which would be as bad, maybe worst than the move from 4323 should follow
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  • #531,546
  • Aug 26, 2011 11:33am Aug 26, 2011 11:33am
Grrrr I take the day off and what happens... Paydirt happens. Now I'm really irritated. Ahhh well back to it next week.
I operate with clear definite rules, if I break them I lose BIG!
  • #531,547
  • Aug 26, 2011 11:35am Aug 26, 2011 11:35am
been out to shopping. and missed all.

lets see if 4516 4548 if so.....then next probably be 46888..........

or it just touch 4516~20 area then turn south.......
  • #531,548
  • Aug 26, 2011 11:35am Aug 26, 2011 11:35am
Quoting egkid
GBP/CHF
PA now 1.3115 will touch 1.3050 / 1.3030
Watch it , check it
if we have same view go sell it
same thing i did but i was smart and closed with
entered at 1.3190 closed at +60
and again entered at 1.3200 and looking for 1.3150 for 50 pips
it is rising doesn't look good but Patience is the Key
IF THIS IS INTERVENTION THEN I AM SOO IN TROUBLE will loose all my gains today..

Wish me Luck..
any thoughts?

Trade.Wisely
Don't compare your Trades with Others
  • #531,549
  • Aug 26, 2011 11:35am Aug 26, 2011 11:35am
Quoting taxe91
haha touche, wise thoughts

Lost all earnings of today due to sudden bull..Anyways net loss is 1220-1210= $10 Only....God is great...

Have a nice weekend to all..
  • #531,550
  • Aug 26, 2011 11:36am Aug 26, 2011 11:36am
Quoting Kambooj
The move upward is almost done. Reversal which would be as bad, maybe worst than the move from 4323 should follow
my mouth is watering. cant decide where to put my short entries. will have to wait for the new week for that one
  • #531,551
  • Aug 26, 2011 11:38am Aug 26, 2011 11:38am
Quoting sisse
Well is not that hard this time.

First, When stock markets start rallying during risky environments, dollars are sold and move to bet on more risk assets like stocks, etc.

Second, QE3 was delayed till September Fed meeting not dismiss meaning the expectation are still there but you will need to pay attention to next US numbers and especially the next NFP....If those numbers are bad we will have the same expectations of today on the next FED meeting. Meanwhile, expect the same range in the pair since QE2 was canceled and EZ is still with the same...
Sure did, thanks for it. I just did not expect a move up towards this kind of level. The stock markets began a heavy up rally 10 minutes after the news hit so it would make sense I suppose.
  • #531,552
  • Aug 26, 2011 11:39am Aug 26, 2011 11:39am
Quoting sisse
Well is not that hard this time.

First, When stock markets start rallying during risky environments, dollars are sold and move to bet on more risk assets like stocks, etc.

Second, QE3 was delayed till September Fed meeting not dismiss meaning the expectation are still there but you will need to pay attention to next US numbers and especially the next NFP....If those numbers are bad we will have the same expectations of today on the next FED meeting. Meanwhile, expect the same range in the pair since QE2 was canceled and EZ is still with the same...
DownJ should go higher almost 12300 that what i c
Gold need to touch 1800
  • #531,553
  • Aug 26, 2011 11:42am Aug 26, 2011 11:42am
Quoting walb99
eu
so many options!
  • #531,554
  • Aug 26, 2011 11:42am Aug 26, 2011 11:42am
if you look at oanda open orders..it's pretty much a void above 4500.

wondering if this information can tell us anything
  • #531,555
  • Aug 26, 2011 11:43am Aug 26, 2011 11:43am
Quoting sisse
Well is not that hard this time.

First, When stock markets start rallying during risky environments, dollars are sold and move to bet on more risk assets like stocks, etc.

Second, QE3 was delayed till September Fed meeting not dismiss meaning the expectation are still there but you will need to pay attention to next US numbers and especially the next NFP....If those numbers are bad we will have the same expectations of today on the next FED meeting. Meanwhile, expect the same range in the pair since QE2 was canceled and EZ is still with the same...
Great view sisse
  • #531,556
  • Aug 26, 2011 11:43am Aug 26, 2011 11:43am
Quoting Kambooj
The move upward is almost done. Reversal which would be as bad, maybe worst than the move from 4323 should follow
yeah , looking for 4518 tests .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #531,557
  • Aug 26, 2011 11:43am Aug 26, 2011 11:43am
5 Waves down from July 26 are early warning signs of a change of trend downwards, at least that is my take. I might be wrong,

But usually 5 unfolding of waves in the manner that started from July 26th and ended on August 4th are telling us that a possible trend change is in place on the daily time frame.

If Wave 1 of whatever structure that is in place is from 4538 to 4054, then Wave 2 could go as high as 99% of wave 1, and reverse again. Right now its past 88.6% fibonacci level, and at 93%.

Have seen several instances of motion ending anywhere between 90% and 99% retracement and turning around.

So still bearish on this thing, with a very good shorting position anywhere from 4490-4510/20

Quoting Std-uk
been out to shopping. and missed all.

lets see if 4516 4548 if so.....then next probably be 46888..........

or it just touch 4516~20 area then turn south.......
  • #531,558
  • Aug 26, 2011 11:44am Aug 26, 2011 11:44am
Quoting Robertk
Sure did, thanks for it. I just did not expect a move up towards this kind of level. The stock markets began a heavy up rally 10 minutes after the news hit so it would make sense I suppose.
Sure NP.

One thing is the FA move and a completely different one is translating that on trading decisions ... both levels in stock markets and euro were on higher TFs not in smaller TFs. Sure you can have the actual trigger of a FA move on H1 or below but you must "have" the FA levels for the potential plays (up or down) in a Higher time frame well before the fact (and thats the hard part like in any other trading plan).....otherwise you will get hammered on the noise.... just my 2 cents

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #531,559
  • Aug 26, 2011 11:44am Aug 26, 2011 11:44am
Quoting walb99
eu
Thanks, nice chart.
  • #531,560
  • Aug 26, 2011 11:45am Aug 26, 2011 11:45am
Shorted @ 1.4500 TP 1.445x, 1.44xx

NO SL bcoz euro has nowhere to go.

if we look at daily chart it just touched the daily trend line and should go down. lets see

Happy Trading
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