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  • #121
  • Sep 28, 2011 11:48pm Sep 28, 2011 11:48pm
Quoting drtorque
just tried a short @ 1.3620
we'll see..
That might work out, market will turn around 10 minutes later... if it doesn't, give it one more hour and you'll see the reversal

Pbh
  • #122
  • Sep 28, 2011 11:58pm Sep 28, 2011 11:58pm
Quoting PipTrapper
Read this article by Dow Jones and add the mentioned dates to your calendar of events as they probably won't show up on the FF events calendar.

EU CRISIS ROAD MAP: KEY MILESTONES AHEAD

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Thanks a lot, I really wanted to know when this events should happen, so I could be well aware of them
  • #123
  • Sep 29, 2011 12:02am Sep 29, 2011 12:02am
hi PT, nice thread. long time lurker 1st time poster.
learnt a lot over the last 9 pages. cheers berg
  • #124
  • Sep 29, 2011 12:03am Sep 29, 2011 12:03am
Quoting Pbh
That might work out, market will turn around 10 minutes later... if it doesn't, give it one more hour and you'll see the reversal

Pbh
hope so.. do you know how much more until news from germany?
im on US time, midnight here : (
  • #125
  • Edited 12:48am Sep 29, 2011 12:23am | Edited 12:48am
Quoting drtorque
hope so.. do you know how much more until news from germany?
im on US time, midnight here : (
If I'm not wrong, these news will be released around 1 hour later. I'd use a 20 pips sl in your position and close it some minutes before the release.. If I'm wrong, tell me the time of the news releasing. thanks

pbh
  • #126
  • Sep 29, 2011 12:57am Sep 29, 2011 12:57am
re-post from my TL-thread
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/ ... clarifying decisions ... /
  • #127
  • Sep 29, 2011 1:28am Sep 29, 2011 1:28am
Good morning everyone and welcome to the new posters.
Sorry I don't have time to say much as I am in analysis mode right now.
Price has moved back up as I anticipated yesterday.
Today will be an interesting day so I want to make sure I end up on the right side of whatever move we are going to see.
One note of interest is that the Asian markets are up. Will that set the pace for the day in the euro markets? Not sure at this point, but I am still calling for a re-entry into the sell zone this session.
Will post more later.
Cheers

.
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Those who say it cannot be done should not interrupt those who are doing it
  • #128
  • Sep 29, 2011 1:41am Sep 29, 2011 1:41am
There's a real bear/bull fight going on at this level. Who will win?
I have placed a sell stop at 1.3604
Those who say it cannot be done should not interrupt those who are doing it
  • #129
  • Sep 29, 2011 1:45am Sep 29, 2011 1:45am
Thanks for pointing out that my charts missing data. I've put it on my list of things to fix

Two other questions.
The volume you have is that the standard volume in MT or a special indicator (I dont trust my brokers volume because its just my brokers volume).

My trendline comes in a lot lower than yours. How is your trendline drawn?

Quoting PipTrapper
I like to believe that "hindsight is 20/20" but sometimes I have to doubt even that saying.

A thought crossed my mind that perhaps I should have just accepted the 1.3689 high that slightly pierced the falling channel resistance as the entry point for my short position. However, we still have two days left in this month and week and nothing yet rules out the probability of hitting the zone (or higher) again.

Yes I know price has fallen below this week's rising trend line (no matter which points you use to draw it) and is probably heading lower,...
  • #130
  • Sep 29, 2011 1:54am Sep 29, 2011 1:54am
Sure is ....im in at 1.3625. I will feel better if we can stay below 1.36
  • #131
  • Sep 29, 2011 1:56am Sep 29, 2011 1:56am
Quoting TheSwede
Thanks for pointing out that my charts missing data. I've put it on my list of things to fix

Two other questions.
The volume you have is that the standard volume in MT or a special indicator (I dont trust my brokers volume because its just my brokers volume).

My trendline comes in a lot lower than yours. How is your trendline drawn?
The volume I have is from the broker. No special indicator however it is a good representation. I have 3 different brokers and the volumes seem to match quite closely.

Which trend line are you referring to?
Those who say it cannot be done should not interrupt those who are doing it
  • #132
  • Sep 29, 2011 2:01am Sep 29, 2011 2:01am
Update:

From what I can tell at this point, the move up in the Asian equity markets is nothing more than short coverings before today's German vote.
A win is already priced in to the markets but a win in the German vote does nothing to solve any Euro problems as they run much deeper than that.
I am still hopeful that price will again move up in the sell zone before continuing downwards but I have covered myself with a sell top at 1.3604 just in case, which has now been triggered.

stay tuned.

.
Those who say it cannot be done should not interrupt those who are doing it
  • #133
  • Sep 29, 2011 2:03am Sep 29, 2011 2:03am
German parliament began the reform debate now..
  • #134
  • Sep 29, 2011 2:06am Sep 29, 2011 2:06am
Greek Protesters Block Troika Access to Ministries, In.gr Says

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Those who say it cannot be done should not interrupt those who are doing it
  • #135
  • Sep 29, 2011 2:20am Sep 29, 2011 2:20am
Quoting PipTrapper
Update:

From what I can tell at this point, the move up in the Asian equity markets is nothing more than short coverings before today's German vote.
A win is already priced in to the markets but a win in the German vote does nothing to solve any Euro problems as they run much deeper than that.
I am still hopeful that price will again move up in the sell zone before continuing downwards but I have covered myself with a sell top at 1.3604 just in case, which has now been triggered.

stay tuned.

.
Im thinking the same way.. wheres your stop? mines @3655 for now lol
  • #136
  • Sep 29, 2011 2:28am Sep 29, 2011 2:28am
Quoting drtorque
Im thinking the same way.. wheres your stop? mines @3655 for now lol
stop is just above 1.3940 for now. But I'm nimble.
Those who say it cannot be done should not interrupt those who are doing it
  • #137
  • Sep 29, 2011 2:59am Sep 29, 2011 2:59am
Okay we are in the zone now. Will be shorting on PA confirmation.
Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #138
  • Sep 29, 2011 3:02am Sep 29, 2011 3:02am
http://blogs.ft.com/the-world/2011/0...og/?ftcamp=rss
/ ... clarifying decisions ... /
  • #139
  • Sep 29, 2011 3:06am Sep 29, 2011 3:06am
Quoting walb99
http://blogs.ft.com/the-world/2011/0...og/?ftcamp=rss
Thanks for this walb99. Much appreciated.
This is a perfect example of how together, we are more informed.
Those who say it cannot be done should not interrupt those who are doing it
  • #140
  • Sep 29, 2011 3:10am Sep 29, 2011 3:10am
german jobless claims lowest since 1998... thx for working my stop..
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