Despite being so close to WPV, price was not able to close above WPV or even touched it for both EU and GU. This tells me something is dodgy!!!
- #20,261
- Oct 7, 2011 6:05am Oct 7, 2011 6:05am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
- #20,262
- Oct 7, 2011 6:07am Oct 7, 2011 6:07am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Ok, debate here:
We are above/testing monthly and above weekly WPV?
Tell me what's the criteria for going short now?
We are above/testing monthly and above weekly WPV?
Tell me what's the criteria for going short now?
nope - all should be long-bodied - same as 3 black crows ( the one in the middle is a doji/spinning top )
http://www.investopedia.com/terms/t/...#axzz1a5mQpHvT
- #20,263
- Oct 7, 2011 6:16am Oct 7, 2011 6:16am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
Ok, debate here:
We are above/testing monthly and above weekly WPV?
Tell me what's the criteria for going short now?
I don't want a job, i want money!
- #20,264
- Oct 7, 2011 6:17am Oct 7, 2011 6:17am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Ok, debate here:
We are above/testing monthly and above weekly WPV?
Tell me what's the criteria for going short now?
It was yesterday on the spike up - I woke up kicking myself actually for not getting in - but was battling it out with GU at the time
- #20,265
- Oct 7, 2011 6:25am Oct 7, 2011 6:25am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #20,266
- Oct 7, 2011 6:28am Oct 7, 2011 6:28am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
yep, waiting for them to be spiked if not cross...
I don't want a job, i want money!
- #20,267
- Oct 7, 2011 6:30am Oct 7, 2011 6:30am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Ahh, sorry i thought u r looking to go short.
R:R to me is not good on this pair anyways to risky and slow to respond usually and volatile when not! I would negate bullish bias once we have closed below yesterdays candle. Both EU and UK are in mess and have done QE by one means or another. It's hard to say who'll win. Chances are UK as it's not in the eurozone
R:R to me is not good on this pair anyways to risky and slow to respond usually and volatile when not! I would negate bullish bias once we have closed below yesterdays candle. Both EU and UK are in mess and have done QE by one means or another. It's hard to say who'll win. Chances are UK as it's not in the eurozone
No criteria for going short now - that's not what I said - the RR isn't there now. ( for me anyway )
It was yesterday on the spike up - I woke up kicking myself actually for not getting in - but was battling it out with GU at the time
- #20,268
- Oct 7, 2011 6:41am Oct 7, 2011 6:41am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #20,269
- Oct 7, 2011 6:42am Oct 7, 2011 6:42am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
this pair ... slow to respond usually and volatile when not!
) I called the drop on this pair last week using the same channel - ok I took barely half the move , but that's part of getting used to holding trades for longer , and gaining confidence in my own forecasting and getting used to trading in more than one style.Today obviously is a dollar story - not Euro/Sterling - so bigger fish to fry today
gl if you're gonna trade it mate
http://www.forexfactory.com/showthre...85#post5000285
- #20,270
- Oct 7, 2011 6:45am Oct 7, 2011 6:45am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #20,271
- Oct 7, 2011 6:46am Oct 7, 2011 6:46am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Until the news is over and market is settled let's play...
I noticed something really funny on the EU chart..
See if you can spot the obvious
I noticed something really funny on the EU chart..
See if you can spot the obvious
- #20,272
- Oct 7, 2011 6:49am Oct 7, 2011 6:49am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
dying to go long if euro drops to 3370-60
yup - good to look for entries when European news and British news diverge , if you know what I mean , like yesterday ( I know it was all QE , but UK one came first ) and leave it longer term ( well longer term for us scalpers is a day or two
Today obviously is a dollar story - not Euro/Sterling...
- #20,273
- Oct 7, 2011 6:58am Oct 7, 2011 6:58am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Anybody remember NZDUSD... i published a chart of the pair not long ago.. telling that it was going up
- #20,274
- Oct 7, 2011 7:02am Oct 7, 2011 7:02am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #20,275
- Oct 7, 2011 7:03am Oct 7, 2011 7:03am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
See if you can spot the obvious
- I've got no sunday on my chart yet - but I think that's the usual shenanigans for IT-Finance
- #20,276
- Oct 7, 2011 7:16am Oct 7, 2011 7:16am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
For some bizzare reason we have always retraced to chunks of 100...3850, 3750,3650 then straight to 3450...3550 is missing I am expecting that to happen now. Usually market signals bottom out if down moves are big and retraces are same!
Theory to be tested !
can't see it bro
- #20,277
- Oct 7, 2011 7:21am Oct 7, 2011 7:21am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
where's the party yaar?
Thank You 
- #20,278
- Oct 7, 2011 7:23am Oct 7, 2011 7:23am
- Joined May 2009 | Status: Trader | 2,401 Posts | Online Now
- #20,279
- Oct 7, 2011 7:24am Oct 7, 2011 7:24am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #20,280
- Oct 7, 2011 7:26am Oct 7, 2011 7:26am
- Joined May 2009 | Status: Trader | 2,401 Posts | Online Now
where's the party yaar?