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  • #7,821
  • Nov 24, 2011 6:52am Nov 24, 2011 6:52am
Daily price made three tries to break line and succeeded yesterday on the 4th try. Maybe a possible attempt to touch the now resistance line at 1.3438 before dropping lower. We'll see.
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  • #7,822
  • Nov 24, 2011 7:24am Nov 24, 2011 7:24am
Quoting Flynchenberg

Little story fot You guys:
In a small Greek city has beautiful weather. The streets are deserted.
Came the bad times. People have long, but I live in a high rate.
With so unfortunate weather was looking for a rich German tourist accommodation.
Car stopped in front of a small hotel in the Greek city.
He went inside.
Accosted the owner of the hotel, or maybe a watch room, because I would like to
spend a night and put on the table 100 euro deposit.
The hotel owner gave him the keys to the rooms.
As soon as he disappeared on...
Hi Seb,


nice story :-)

That is called the "velocity of money". It has an high impact as to whether facing inflation or not.


Think about imploding money through defaulting credits. That lowers the amount of money available. So you can either print money to fight deflation, or try to speed up velocity of money.

But now comes the tricky part with social mood:

when social mood is bad, people do not like to take fresh credits, and the do not like to spend money at all.

So we get a lot of defaulting credits, bad social mood, people reluctand to spend money or taking fresh credits, causing severe slow down in GDP, that means you get more defaulting credits, worse social mood and so on. Circulus vitosus........
  • #7,823
  • Nov 24, 2011 7:33am Nov 24, 2011 7:33am
Guys be careful. I never trade on bank holiday days. Market makers will take the charge. No real money to defend s/r levels. London was exploited for good, US markets now...Ill skip it.
  • #7,824
  • Nov 24, 2011 8:11am Nov 24, 2011 8:11am
good afternoon every one
I SEE YOU !!
  • #7,825
  • Nov 24, 2011 8:14am Nov 24, 2011 8:14am
Quoting dbfusion
good afternoon every one
Hello Dfusion. How r u??
  • #7,826
  • Nov 24, 2011 8:16am Nov 24, 2011 8:16am
Quoting Flynchenberg
EW update.

I guess range play until someone will put some money on the table and Portugal downgrade will become my wave 5 to the downside.



Seb
Update:
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  • #7,827
  • Nov 24, 2011 8:28am Nov 24, 2011 8:28am
Quoting T@rantula
Hello Dfusion. How r u??
fine buddy .


yesterday had party @ home , lots of food and drinking .
feel exhausted
I SEE YOU !!
  • #7,828
  • Nov 24, 2011 8:51am Nov 24, 2011 8:51am
We are now at Weekly demand... I'm tempted to go long here but giving it's thanksgiving I'm going to stay flat
  • #7,829
  • Nov 24, 2011 9:01am Nov 24, 2011 9:01am
Couldn't resist.
Went Long @ 1.3325, SL 1.3315, TP: 1.3385
I may close it at BE if it goes against me

Quoting BrunargarFx
We are now at Weekly demand... I'm tempted to go long here but giving it's thanksgiving I'm going to stay flat
  • #7,830
  • Nov 24, 2011 9:03am Nov 24, 2011 9:03am
closed: +7 pips

Quoting BrunargarFx
Couldn't resist.
Went Long @ 1.3325, SL 1.3315, TP: 1.3385
I may close it at BE if it goes against me
  • #7,831
  • Nov 24, 2011 9:30am Nov 24, 2011 9:30am
I beileve we are at a slow turning point upwards, just because of the fact that the break out of the circle is not a authentic break.

If it was authentic, it would have travelled much further than the current amount now. I would be looking for a movement back into the circle and a climb upwards.

The equidistance parallel lines also show a very close action/reaction zone. We are also in the 78.6-88.6 fibonacci zone of the move from 3142 to 4244. Expect a bit more time to pass, with motion staying in this zone, and then climbing upwards.

My recommendation is to buy for a target of 3800
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  • #7,832
  • Nov 24, 2011 9:50am Nov 24, 2011 9:50am
Long again @ 3325 - last try for the day. Same setup as before.
Will let it run (or close)
  • #7,833
  • Nov 24, 2011 10:56am Nov 24, 2011 10:56am
  • #7,834
  • Nov 24, 2011 3:43pm Nov 24, 2011 3:43pm
Quoting 2046
Watching PA around 1.34 which I added on hourly chart of earlier post for an opportunity to short.

R1: 3400
R2: 3428
R3: 3458
Only one trade today as per chart (green triangle). overall a bit boring day.

After ifo news I did not enter short at 1.40 because of risk of breaking higher.
Only entered at strong bearish signal on M5 (33722)
Exit at invalidation through bullish TK cross (33262)
+46

m15 had similar entry level but later and higher exit point (less profit)
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  • #7,835
  • Nov 24, 2011 4:58pm Nov 24, 2011 4:58pm
About to end the day with a doji, with a missing US session

The falling wedge could introduce a strong bullish reversal soon. Any thoughts on this?

For Ichimoku the outlook for higher TFs is unchanged from yesterday and remains bearish.
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  • #7,836
  • Nov 24, 2011 5:58pm Nov 24, 2011 5:58pm
Quoting 2046
About to end the day with a doji, with a missing US session

The falling wedge could introduce a strong bullish reversal soon. Any thoughts on this?

For Ichimoku the outlook for higher TFs is unchanged from yesterday and remains bearish.
Falling wedge does not always mean Bullish...here is G/Js example..

1.3442 IS THE LIMIT FOR NOW!
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Markets are not Random, they are designed!
  • #7,837
  • Nov 24, 2011 6:19pm Nov 24, 2011 6:19pm
Thanks for the example Raza; yes, there is a chance to break to the downside. but there are also indications for a retrace particularily given the wide distance of current price to the flat Kijun Sen in d1 (chart above; blue line) which often attracts PA.

Curious to see if ascending TL from June 06 offers support.
  • #7,838
  • Nov 24, 2011 6:53pm Nov 24, 2011 6:53pm
Quoting 2046
Thanks for the example Raza; yes, there is a chance to break to the downside. but there are also indications for a retrace particularily given the wide distance of current price to the flat Kijun Sen in d1 (chart above; blue line) which often attracts PA.

Curious to see if ascending TL from June 06 offers support.
Welcome.

Now from Fib prospective and the range for the wave....I had predicted 1.3129 few days / weeks ago....If 1.3303 breaks..by 1 pip or 2 so lets say 1.3301...we may see a bounce from there but eventual target from my evaluation should be 1.3129 precisely..Ant thing below that makes it super bearish and 1.3532 will be ultimate resistence for E/U.

I believe we should have the answer this week.
Markets are not Random, they are designed!
  • #7,839
  • Nov 24, 2011 8:35pm Nov 24, 2011 8:35pm
Quoting Raza
Falling wedge does not always mean Bullish...here is G/Js example..

1.3442 IS THE LIMIT FOR NOW!
It certainly is getting squeezed and an outbreak looks imminent.
3521 short from Wednesday hit 200 pips.
Pending long at 3289 for a correction but have no intention of closing short until 3150 is reached.
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Don't get mad, get even!
  • #7,840
  • Nov 24, 2011 10:57pm Nov 24, 2011 10:57pm
EUR/USD

Entry 1.3304 ...

No stops ...

TGT for a move upwards - somewhat towards 1.3358 - 1.3400 ...




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