Higher low, lower high system

EU.. Going dow....Yeah i see what u mean.. going down next week?? i think..Point it bounced of was exact AMYC number.. rule is will rotate back to wards centre point.. 85% of time..Check foto

EUUD 1 hr .. i think it will rotate back to wards weekly mid point.. white hoz line .. so will be looking for long trades..

MMM.. may be totaly wrong...Any how will wait see..

EUUD.. 15 min short at cross3590... stop above trendline marked with cross and above 30 period..ema

EUUD.. 15 min.. short as per previous post.. closed as per picture .. ++70..bed time

In terms of our top down assessment it was sells.

Yesterday a lh engulfing close, we are below rsi 50. 1hr clearly shows the strong rejection of move up over Asian session, that might have been some news or reaction to euro news. Anyway coming into eur open a 1hr lh and lots of upper wicks.

Mrs V took this lh. Mmmmh not sure if this would have been my first choice trade. Price is in a triangle but in view of D and 1hr and the 5 min ma's are pretty clear.

Anyway a quickish 20 pips and she was done for the day.

Her arm is a little better but far from OK. With all the issues this month health wise she has had 4 trades only, 3 W's 1 BE.

And another outstanding trade. I am really enjoying your posts when I get the chance to catch up. I just hope others are taking note of some great pa analysis.

Cheers.

EURUSD fibo worked 3 times. This may be the end.
GBPUSD looked good but does not pass through the line. Since does not pass through i take 10 PIP.

EURUSD looked better on a minute, but missed and then buy limit didnt reach

MM Thanks your comments V.. Hi praise come from u..

Walkman.. Reckon u on the monie.. falling out of sky....and good analysis from u.. hope u hang around..

Um.. sure as hell no ops at the mo.. on ones i watch.. 20min after EU open here in Aussie..I watch weekly and month and 1/4 fibo pivots.. and to me EURO looks like its headed for 3300....or 3330.. there is a bit of a confluence there... must check for some other support in same area..me at mo i just sit and watch..Interesting time hey...

This is a bit off topic.. but was posted by a lady here in Aussie.. pen name Bronte.. who trades the SPI.. local futures contract that runs off the aussie index..
Understanding Derivatives :-) Understanding Derivatives :-)


Heidi is the proprietor of a bar in Perth ...

She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar.

To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later.

Heidi keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Heidi's "drink now, pay later" marketing strategy and, as a result, increasing numbers of customers flood into Heidi's bar. Soon she has the largest sales volume for any bar in Perth .

By providing her customers freedom from immediate payment demands, Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages.

Consequently, Heidi's gross sales volume increases massively.

A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Heidi's borrowing limit.

He sees no reason for any undue concern because he has the debts of the unemployed alcoholics as collateral!

At the bank's corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS.

These "securities" then are bundled and traded on international securities markets.

Naive investors don't really understand that the securities being sold to them as "AAA Secured Bonds" really are debts of unemployed alcoholics. Nevertheless, the bond prices continuously climb - and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.

One day, even though the bond prices still are climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar. He so informs Heidi.

Heidi then demands payment from her alcoholic patrons. But, being unemployed alcoholics -- they cannot pay back their drinking debts.

Since Heidi cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and Heidi's 11 employees lose their jobs.

Overnight, DRINKBOND prices drop by 90%.

The collapsed bond asset value destroys the bank's liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

The suppliers of Heidi's bar had granted her generous payment extensions and had invested their firms' pension funds in the BOND securities.

They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds.

Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multibillion dollar no-strings attached cash infusion from the government.

The funds required for this bailout are obtained by newtaxes levied on employed, middle-class, nondrinkers who have never been in Heidi's bar.

Now do you understand? http://www.shares.com.au/forum/images/smilies/smile.gif
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'Trading the SPI' passionately....

DXY.. at resistance.. 7850... I thought it was going throu.. maby a chance?? UP Or down?????unless i have an increadible mind shift i reckon more down.. but who bldy knows..??

EUUD 5 min.. long at 3470.. stop is lowest cross..

EUUD.. 5 min.. out for 27.. looking to go long again..

EUUD.. 15 min short this 3532.. stop 3566

EUUD.. 5 min.. closed ... plus 40

Yes, you think the unemployed, working class, and drinkers are scum.



Only joking..

No Smokey i dont... But i do wish i could find a bar like that and get some of that money... Beenlooking for a bar like that all my life....if i get sum i will punt it on the FX

Euud week.. at weekly fibo pivot.. .786%.. at weekly 50 %.. at centre line of channell.. COT report shows.. Net short USD as per last friday.... Mite get a few longs this Aussie arvo??

EUUD.. 15 min.. watching this for possible long trade.. break of trend line.. break of 200 period.. break of 3518 line..