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  • #559,721
  • Nov 9, 2011 1:03am Nov 9, 2011 1:03am
Quoting Chicky
You reminded me of something that I haven't done in a while. Will be vouching for few in a couple of days, maybe next week-end.
thanks chicky. you've been very helpful and kind.
  • #559,722
  • Nov 9, 2011 1:09am Nov 9, 2011 1:09am
Quoting mohan76
looks you did not draw new line for long time, daily bear trend line come around 1.427
May be but before that will expect the validation level & firm rejection . I see now 3809 broken for this low action as confirm more or less or at least towards 3707 area for neaction majore . Mofu can take any though . waiting for bear continuation .next confirmation bear 3766 breaks .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #559,723
  • Nov 9, 2011 1:12am Nov 9, 2011 1:12am
standingby to buy at 3774
  • #559,724
  • Nov 9, 2011 1:13am Nov 9, 2011 1:13am
There have been some good entries in the last few days, but I generally don't like these kinds of markets. All of the pairs I watch are in pretty much the same situation. The ranging market conditions from the end of last week have continued on into this week despite some decent days on some of the other markets and even some pretty bad news on the others, for instance the Italian bond markets. If I recall correctly, the Euro today traded in a range of only around 100 pips or so. Each pair, as shown on the charts below, remains in a consolidated, ranging pattern. The only reassuring factor in all of this, at least for me, is that all of the consolidation going on is favoring a breakout soon as the channels price is being contained in are not equidistant ones. At the moment I'm favoring breakouts to the topside on the Swiss Franc and the Loonie and favoring downmoves for the Aussie and Euro. I'm not quite sure what's kept the Euro afloat as of lately, but I'm hoping that we'll be in for some serious movement soon so that I can get on the train to wherever the currency is headed. If we experience a major breakout, which seems possible given the state of the market the last few trading days, I'm betting that the correlation between the pairs will hold pretty well and allow me to trade according to the general direction of just one of the currencies. The most convincing break that would most likely drive the others well would be the Euro, and with the Swiss Franc approaching the floor set by the SNB not long ago, I imagine the correlation would do well on concurrent trades between the pairs. Charts are attached showing the current conditions with some valid S&R levels.

I guess the CCI levels on some of these pairs are okay, except it looks like the Aussie is hanging around 0 which makes sense since it's around the average price for the last couple of days.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 27 KB
Click to Enlarge Name: euro.gif Size: 25 KB
  • #559,725
  • Nov 9, 2011 1:13am Nov 9, 2011 1:13am
what is the difference between naming the high lows as alphabets , numbers and roman numbers ?

Quoting fontu
Thanks , yeah just manage to survive & FF become habit forming , except it always feel insecure of something missing & specially miss all friends here ++ news times I often forget .
anyway started click the sell button before frankie though .
fontu
  • #559,726
  • Nov 9, 2011 1:16am Nov 9, 2011 1:16am
Quoting factorof2
There have been some good entries in the last few days, but I generally don't like these kinds of markets. All of the pairs I watch are in pre
Charts didn't like my last post, here are the last two.

EDIT: Man I'm having trouble with attachments
Attached Image(s) (click to enlarge)
Click to Enlarge Name: loonie.gif Size: 25 KB
Click to Enlarge Name: swissy.gif Size: 26 KB
  • #559,727
  • Nov 9, 2011 1:17am Nov 9, 2011 1:17am
Next Level to watch is 3780.6 Should bounce from there for a few north.
  • #559,728
  • Nov 9, 2011 1:18am Nov 9, 2011 1:18am
Quoting Chicky
Happy, I wrote a full one page post for you but lost it as soon as I hit the reply button. Let me write once again, may take half an hour.
hehe,

next time press ctrl+z

now you have another button to press
  • #559,729
  • Nov 9, 2011 1:20am Nov 9, 2011 1:20am
Quoting fontu
May be but before that will expect the validation level & firm rejection . I see now 3809 broken for this low action as confirm more or less or at least towards 3707 area for neaction majore . Mofu can take any though . waiting for bear continuation .next confirmation bear 3766 breaks .
fontu
yes agree i will bet on bear than bull today . need good entry
Mohan
  • #559,730
  • Nov 9, 2011 1:33am Nov 9, 2011 1:33am
Quoting Chicky
This market is volatile and uncertain,………… therefore a trader should be consistent and certain in his/her trades

This market frequently changes direction,…… therefore a trader should infrequently change his/her direction.

This market shows consolidations and breakouts,……… therefore a trader should either play ranges or breakouts but not both.

This market makes both big and small moves, ……….therefore a trader should keep constant his/her risk (measured as percentage of capital) regardless of number of pips it moves.

This market is...
finally someone understand trading...
  • #559,731
  • Nov 9, 2011 1:36am Nov 9, 2011 1:36am
Quoting mohan76
looks you did not draw new line for long time, daily bear trend line (from may) come around 1.427
You'r right. I haven't drawn any new line for several weeks now. Maybe because most trades during this time were on stronger support/resistance levels.

A new bear line confirms two ceilings 1) at 1.4108 (which is a mid of some historical move), and 2) 1.4207 (that was tested earlier). However, if this range moves into next week, 1.4032 may also become a strong resistance.................. but we all know that these levels are nothing but some possible high activity price levels.
The Thief of Wall Street
  • #559,732
  • Nov 9, 2011 1:41am Nov 9, 2011 1:41am
Quoting 21vs7
1,3785 should be the next hurdle if we go to a long scenario.

vice versa

If this is broken with power. We are on a move to 1,3730 hurdle and later on 1,3660 which is the mother of all resistance.

Quoting 21vs7
1,3862 stands still. Was pretty lucky with this SL level right there. Or were I?

Well, let us begin...

Again, this level here reminds me of a big fooked up dangerous manipulation.

We could easily see a 300 pip gain on EURUSD just to fook me up! I know I will not be the only one. Still, holding this baby till it pops.

Italy.

6,839 high today. Pretty sick. ATM 6,819%. Barclays and Goldman saying it is gonna be some bloodshed in the markets.

Greece.

Greek bond expiring in march 2012 - 320% median. Pretty fooking sick.

Equity....
Italy rising.

Decision time here.

All on BE.
  • #559,733
  • Edited 2:09am Nov 9, 2011 1:43am | Edited 2:09am
Quoting mohan76
yes agree i will bet on bear than bull today . need good entry
3766 handle will answer this , breaks or not breaks before pullback towards 3828 or not & if bull retain any power to do so , not in panic !! good entry can have there then , otherwise may not have good than this . next handles decide 3725 & 3681. still entries are not fixed for .
tp taking around 3770 to see reactions & retake at some top .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #559,734
  • Nov 9, 2011 1:47am Nov 9, 2011 1:47am
Watch this level. It may break or bounce from this yellow circled level.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled194.jpg Size: 61 KB
The Thief of Wall Street
  • #559,735
  • Nov 9, 2011 2:01am Nov 9, 2011 2:01am
  • #559,736
  • Nov 9, 2011 2:06am Nov 9, 2011 2:06am
Quoting tankokjian
what is the difference between naming the high lows as alphabets , numbers and roman numbers ?
Not know the nomenclature any more now , to me only they are visual representatives /symbols of bull bear , money loss or gain with all high lows price action , that only know now . answer your question , better learn again .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #559,737
  • Nov 9, 2011 2:10am Nov 9, 2011 2:10am
Target Met:

Quoting GreatNorth
Next Level to watch is 3780.6 Should bounce from there for a few north.
Long Euro @1.37789 for bounce
  • #559,738
  • Nov 9, 2011 2:10am Nov 9, 2011 2:10am
All 1st targets achieved, PB with runners,

Trade safe kiwi
If you are new to Forex? Say Goodbye to your account!!
  • #559,739
  • Nov 9, 2011 2:11am Nov 9, 2011 2:11am
Quoting KiwiTrada
Yes, market is seem glacial, but it isnt, much going on behind scenes, big battles buyer v seller etc, market jittery, I opposite to you I trying to build, so be ready before brits
3832, is being trollop, she fail me before, breacheded, so defended monthy open, now she be trollop stop us go down, is frustrate, but you got to giggle sometimes how pa play with our minds:nerd:
results proven that it is indeed a nice trade~
Patience, Emotion Control and Discipline.
  • #559,740
  • Nov 9, 2011 2:14am Nov 9, 2011 2:14am
mr P resigning today dax re gaining
Mohan
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