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  • #546,621
  • Oct 4, 2011 7:27am Oct 4, 2011 7:27am
Quoting freedom48
no I dea what he will says, can he support the €, I prefered to get out with 13178 before he makes me crazy, huge lots means huge risks

okey reloaded with minimum lots from same place, so I will feel free with tight SL, if ı lost no problem for now...target 13110 SL -25
" Accepting losses is the most important single investment devise "
  • #546,622
  • Oct 4, 2011 7:28am Oct 4, 2011 7:28am
If your hear any of the following words or phrases from the 2 old men,
then it could get messy:

 

  1. Global Demand Slowdown
  2. Recession Fear
  3. Banks and Liquidity

Guess we wait and see what the news will pick out and how it's
gonna be interpreted by the markets. Communication is key in moments
like these. Insecurity is leading the way.

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  • #546,623
  • Oct 4, 2011 7:31am Oct 4, 2011 7:31am
Ok out now, Trichet speech is too close now...i'll wait
Even though the PA ain't suggesting a move up, it still can go up catch some SL then head down...so f*** Trichet!
COT: The precious data ignored
  • #546,624
  • Oct 4, 2011 7:33am Oct 4, 2011 7:33am
Quoting Vilgax
my charts saying 3102/3117 so I have moved my TP to 3125 / feels like the rollercoaster is on top and is about to go down fast...lets see / stop loss moved to -10.....

yes I have the same rollercoaster chart on my front...) will try to catch the simsalabim...On the upper side the channel is not wide enough and not seems to break it now but it has a wide range to downside , if its use we can think for a such levels...excited now to see how it reacts after the speech
" Accepting losses is the most important single investment devise "
  • #546,625
  • Oct 4, 2011 7:34am Oct 4, 2011 7:34am
gut feel only but euro is due for one hell of a bounce
  • #546,626
  • Oct 4, 2011 7:35am Oct 4, 2011 7:35am
Quoting kuroro001
I'v read your post yesterday saying the "gap" was closed on your plateform.
I'm using windsor metatrader for charting purpose and i see a gap, friday close is 1,3391 and sunday high is 1,3381 so far.
My plan is not to trade it, but i don't like seeing a hole in my chart!

Otherwise i'm looking to see if today's low will be broken or not...the area 1,3130-50 is important to me
On the upside i'm looking at 1,324x-5x

What's your view for today mate ?
Yep. It gapped down the previous two weeks and the gap was filled both times. Not saying I would take a long position, but it's a good opportunity to take some profits before the Trichet speech.
  • #546,627
  • Oct 4, 2011 7:36am Oct 4, 2011 7:36am
woow what a big drop for gold I think EUR is going to be attractive for buying there r some news about saving EUR even by force! lead to investors to cash their profit from gold and ready for getting bull EUR wave
  • #546,628
  • Oct 4, 2011 7:39am Oct 4, 2011 7:39am
Quoting kuroro001
I'v read your post yesterday saying the "gap" was closed on your plateform.
I'm using windsor metatrader for charting purpose and i see a gap, friday close is 1,3391 and sunday high is 1,3381 so far.
My plan is not to trade it, but i don't like seeing a hole in my chart!

Otherwise i'm looking to see if today's low will be broken or not...the area 1,3130-50 is important to me
On the upside i'm looking at 1,324x-5x

What's your view for today mate ?
OK I see. IMO, well more than today lows is ysterday lows but it was already rejected in the European session but with a very timid move. Break down on London was made too fast on the knee jerk reaction on Dexia (that has been the only mover across markets for obvious reasons).

Further details are coming in the next hour(s) on a Emergency meeting of the Belgium government that can cause some spikes.

In any case, I would put more attention to untested breakout points more than broker gap you have. All risk aversion so a ES chart handy wouldn't hurt ....

GL bro

sisse

PS: we have BB and Trichet too, not expect much on Trichet as is not a open conference but a testify on the EU parliament...but better be ready than sorry
Pending conversations? PM for a chat...I am mainly in OTM now
  • #546,629
  • Oct 4, 2011 7:44am Oct 4, 2011 7:44am
I already posted EU website with links to this page once, but if you are lazy and want to know, what is going on in there, here is a summary with included links to videos.

http://www.consilium.europa.eu/ueDoc...fin/124828.pdf

T.
"I know one thing, that I know nothing." Sokrates
  • #546,630
  • Oct 4, 2011 7:45am Oct 4, 2011 7:45am
LONDON, Oct 4 (IFR) - The closest to market EUR/USD expiry for today's
10.00am New York cut (14GMT) is a very good size 1.3200 strike,
with around EUR 500mln due to roll off. There are also large 1.3250's, but
offers ahead look to cap any rally toward this point, leaving the 1.3200 the
most likely attaction as the session progresses. Nothing in any significance in
Cable aside from 1.55's (currently out of court), while any recovery in
AUD/USD will bring 0.9470 and 0.9500 strikes back in to contention. The
largest USD/JPY strikes are outside the current daily range - lying at 77.00
and 76.45. For regular additions to our maturity calendars (More) .
[email protected]
Copyright (c) 2011 Thomson Reuters - IFRMarkets
  • #546,631
  • Oct 4, 2011 7:46am Oct 4, 2011 7:46am
I think buying dips on shorter time frame is wiser than shortening from these levels

on short term also EURO is showing potential strength to give some gains ups

EU relative to cable and the swissie is located in 2nd position

basket containing USD, EUR, GBP and CHF showing strength as follows

USD>EUR>CHF>GBP

again, this is on short term TFs

for me I'm going to long it starting 1.3190/1.3180s levels
  • #546,632
  • Oct 4, 2011 7:47am Oct 4, 2011 7:47am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
sl moved again to -30//will be extremely annoyed to be spiked out...
The forex market has its own life and takes its own time.
  • #546,633
  • Oct 4, 2011 7:47am Oct 4, 2011 7:47am
lol, it fails to close for the upper side, hope this is is realistic and we will move today NY to down..13195 is a place for both direction decisions..not good for traders with heart attack
" Accepting losses is the most important single investment devise "
  • #546,634
  • Oct 4, 2011 7:51am Oct 4, 2011 7:51am
Quoting freedom48
lol, it fails to close for the upper side, hope this is is realistic and we will move today NY to down..13195 is a place for both direction decisions..not good for traders with heart attack
Maybe a fake move up...the thing is i can't see any bullish development at the last 5mn swing inside the 1,317x-8x area, but price is flying...time will tell if they tricked us or not
COT: The precious data ignored
  • #546,635
  • Oct 4, 2011 7:52am Oct 4, 2011 7:52am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting freedom48
lol, it fails to close for the upper side, hope this is is realistic and we will move today NY to down..13195 is a place for both direction decisions..not good for traders with heart attack
or heartburn and or stomach ulcers lols
The forex market has its own life and takes its own time.
  • #546,636
  • Oct 4, 2011 7:53am Oct 4, 2011 7:53am
Quoting AshramFx
closed a wonderful short from yesterday, for today the day candle suggests consolidation unless it is able to break yesterday's low of 3165.

if it does not break 3165 it will range around here for the rest of the day and build a fresh momentum to go down.
the daily candle did suggest a consolidation pattern, and in 12 hours we have not moved anywhere.
  • #546,637
  • Oct 4, 2011 8:00am Oct 4, 2011 8:00am
Quoting kuroro001
Maybe a fake move up...the thing is i can't see any bullish development at the last 5mn swing inside the 1,317x-8x area, but price is flying...time will tell if they tricked us or not
EU on 5M TF didn't have a decent retracement since the last M5 800 trading candles

i do agree that recent development inside the area you mention (the 1.317/8x) still not favoring long side.

usually 800 candle on 5M TF is pretty much period for not decent correcting once

I'm observing EU these times and its strength position is relatively in better place if we compare its basket performance in the last 800 M5 candle.

that's why i'm weighing more on the correction now
  • #546,638
  • Oct 4, 2011 8:01am Oct 4, 2011 8:01am
I'm personaly believe that a fail bearish is a bull signal and a fail bullish is a bearish signal by looking and follow the daily trend this how am enter/exit the market..(Orange Mark)

Looking good so far but I might be wrong,lets see how its develop
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 39 KB
If there was easy money lying around,no one would be forcing it into your
  • #546,639
  • Oct 4, 2011 8:11am Oct 4, 2011 8:11am
small range play 3174-3195 failed attemps on both sides typical b4 important news/speeches
  • #546,640
  • Oct 4, 2011 8:12am Oct 4, 2011 8:12am
a lot of energy building in the euro. break out either side of 131.9 will cause a violent move
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