Dislikedam eye my bias at 1.3791 on daily - breaking that level - looking position for going longIgnored
- #9,345
- Nov 13, 2011 1:59pm Nov 13, 2011 1:59pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #9,346
- Nov 13, 2011 2:06pm Nov 13, 2011 2:06pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Oanda is currently printing a 1.3807 bid on the Eur/Usd
However, please be aware that there is little or no volume behind this and it could still go either way. Never rely on prices you see before a major market opens.
Trade safe
However, please be aware that there is little or no volume behind this and it could still go either way. Never rely on prices you see before a major market opens.
Trade safe
Those who say it cannot be done should not interrupt those who are doing it
- #9,347
- Nov 13, 2011 2:07pm Nov 13, 2011 2:07pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #9,348
- Edited 2:49pm Nov 13, 2011 2:09pm | Edited 2:49pm
Oanda is currently printing a 1.3807 bid on the Eur/Usd
However, please be aware that there is little or no volume behind this and it could still go either way. Never rely on prices you see before a major market opens.
Trade safe
FXMindset, If we open above place where you would look for a long - will you wait until London session to confirm that big boys in Europe think it's cheap, or are you going to jump in during Asian session? Just curious, as now it is getting more and more probable that we may break the trendline. Seems I got caught in a trap... Or maybe there is a way of 'escaping' by setting TP at BE
(1.3715). It is a nice fib level, but if we break to it, then we will break the falling trendline back, so perhaps this would mean that downtrend defended (and setting TP at BE is pointless as we would be heading lower). And if we aren't it might be best to escape on first dip. Hmm, hard to say. 
ADD: "little or no volume" - who is driving currency over the weekend, btw?
- #9,350
- Nov 13, 2011 2:46pm Nov 13, 2011 2:46pm
About 1:24 is remaining. Gaps in forex doesn't mean anything I think. The market can go either way after the gap. Sometimes the market fills the gap immediately. If you see the recent history on the weekly chart I do not see any case where the gap changed anything.
Why I worry about is that H1 trend is up, and H4 trend is broken if you see the middle period moving averages..
and I know that the gap up should at least try to get closed soon, but still if we gap up way above 1.38, this would look like a confirmation of the break. On the contrary, gap down would suggest that H4 break was false, or at least is not a powerful one. And this would make me happy
- #9,351
- Nov 13, 2011 3:07pm Nov 13, 2011 3:07pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #9,352
- Nov 13, 2011 3:09pm Nov 13, 2011 3:09pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Yep, but wouldn't a gap lower look much better?
and I know that the gap up should at least try to get closed soon, but still if we gap up way above 1.38, this would look like a confirmation of the break. On the contrary, gap down would suggest that H4 break was false, or at least is not a powerful one. And this would make me happy
Those who say it cannot be done should not interrupt those who are doing it
- #9,353
- Edited 3:29pm Nov 13, 2011 3:11pm | Edited 3:29pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
Still, It makes me close to panic. I didn't expect such a gap up. How long till the open, about 2hrs remaining, right?
FXMindset, If we open above place where you would look for a long - will you wait until London session to confirm that big boys in Europe think it's cheap, or are you going to jump in during Asian session? Just curious, as now it is getting more and more probable that we may break the trendline. Seems I got caught in a trap... Or maybe there is a way of 'escaping' by setting TP at BE
Bundesbank president Jens Weidmann told the Financial Times that only politicians could resolve the crisis, and he rejected the idea of using the ECB as “lender of last resort” to governments.
http://www.ft.com/intl/cms/s/0/64123...44feabdc0.html
No QE for the eurozone means no return and Italy must default.
- #9,355
- Nov 13, 2011 3:11pm Nov 13, 2011 3:11pm
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
EFSF was buying it's own bonds last week
I don't care which way the market is going as long as it's going my way
- #9,356
- Nov 13, 2011 3:16pm Nov 13, 2011 3:16pm
Yep, but wouldn't a gap lower look much better?
and I know that the gap up should at least try to get closed soon, but still if we gap up way above 1.38, this would look like a confirmation of the break. On the contrary, gap down would suggest that H4 break was false, or at least is not a powerful one. And this would make me happy
- #9,357
- Nov 13, 2011 3:16pm Nov 13, 2011 3:16pm
am eye my bias at 1.3791 on daily - breaking that level - looking position for going long
For now, the unfinished business is at 3835 level. 3580 is my Wednesday target (or sooner)
- #9,358
- Nov 13, 2011 3:21pm Nov 13, 2011 3:21pm
EFSF was buying it's own bonds last week
- #9,360
- Nov 13, 2011 3:32pm Nov 13, 2011 3:32pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
We will be back to 3580 before you know it
3580 is my Wednesday target (or sooner)
If there was easy money lying around,no one would be forcing it into your