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EURUSD

  • #566,081
  • Nov 25, 2011 9:35am Nov 25, 2011 9:35am
I know fundamentally the Euro should be getting hammered but I do believe that we shouldn't close right on the lows, It feels like we may attract a bid close to the close and we may finish 1.3300 or higher.
  • #566,082
  • Nov 25, 2011 9:45am Nov 25, 2011 9:45am
Quoting JeremyWS
I know fundamentally the Euro should be getting hammered but I do believe that we shouldn't close right on the lows, It feels like we may attract a bid close to the close and we may finish 1.3300 or higher.
Feels got nothing to do with trading. Just saying...
  • #566,083
  • Nov 25, 2011 9:46am Nov 25, 2011 9:46am
Latest: Fitch cuts Belgium sovereign credit rating to AA from AA+

Belgium cut to 'AA' from 'AA+' by S&P
  • #566,084
  • Edited 9:51am Nov 25, 2011 9:48am | Edited 9:51am
Just for fun, to add more confusion into divergence topic.

I use simple momentum, but only as a support tool.

Divergence appeares on lower periods first and then slowly shifts to longer and longer periods.

Mathematically speaking, no divergence has to occur, but if you properly set your indicators you can see it pretty often.

The attached chart is H1 closing prices since 20.11 till now.

Purple line is price and there are three momentums included.

Green - 10 periods (hours) - shows weak divergence
Red - 30 - stronger divergence
Blue - 60 - no divergence

Take your pick.

T
Attached Image (click to enlarge)
Click to Enlarge Name: Momentum.png Size: 74 KB
"I know one thing, that I know nothing." Sokrates
  • #566,085
  • Nov 25, 2011 9:49am Nov 25, 2011 9:49am
Quoting dreed
Your 1.3165 level may be seen today.
seems so & bull may try do it close daily at that level as weekly close at 3400 previous is still a long way to go & seems not possible today & if only close today may get life for a good bounce & if above or low then further disaster likely may come next week .chances be there for next day also , volalities reduced I see already .
thanks others also .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #566,086
  • Nov 25, 2011 9:52am Nov 25, 2011 9:52am
Quoting 3in1coffee
Latest: Fitch cuts Belgium sovereign credit rating to AA from AA+

Belgium cut to 'AA' from 'AA+' by S&P
Lol, Fitch shorting again. Well, I am glad, I am shorting as well, but poor Belgium, they dont deserve it.

T
"I know one thing, that I know nothing." Sokrates
  • #566,087
  • Nov 25, 2011 9:52am Nov 25, 2011 9:52am
Quoting 3in1coffee
Latest: Fitch cuts Belgium sovereign credit rating to AA from AA+

Belgium cut to 'AA' from 'AA+' by S&P
just s&p, fitch retracted it says they didn't, wasn't much of a move anyway, i only scraped 11pips out of it
  • #566,088
  • Nov 25, 2011 9:52am Nov 25, 2011 9:52am
Quoting Tom_D_Trader
Just for fun, to add more confusion into divergence topic.

I use simple momentum, but only as a support tool.

Divergence appeares on lower periods first and then slowly shifts to longer and longer periods.

Mathematically speaking, no divergence has to occur, but if you properly set your indicators you can see it pretty often.

The attached chart is H1 closing prices since 20.11 till now.

Purple line is price and there are three momentums included.

Green - 10 periods (hours) - shows weak divergence
Red - 30 - stronger divergence
Blue...
Shit.... I'm fucking lost....
  • #566,089
  • Nov 25, 2011 9:56am Nov 25, 2011 9:56am
Quoting pkimnyc
Feels got nothing to do with trading. Just saying...
bad day ... I had a feeling it was going to 34xx
  • #566,090
  • Nov 25, 2011 9:59am Nov 25, 2011 9:59am
Quoting harigp
short from 1.33 region what i am looking at

pat on my shoulders well done
  • #566,091
  • Nov 25, 2011 10:00am Nov 25, 2011 10:00am
Quoting pkimnyc
Feels got nothing to do with trading. Just saying...
Oh of course I entirely agree with that but Sentiment just isn't reflecting a fair value in my opinion at this level. I have no bets on this and am all cash for the weekend.
  • #566,092
  • Nov 25, 2011 10:02am Nov 25, 2011 10:02am
Quoting pkimnyc
Shit.... I'm fucking lost....
Me too. Sometimes, when I am bored on weekend I tend to write sick macros to have another angle of view on markets. This is outcome of one of them, I aint using it. I just wanted to point out that you can look at divergences from many and many angles.

T
"I know one thing, that I know nothing." Sokrates
  • #566,093
  • Nov 25, 2011 10:02am Nov 25, 2011 10:02am
Quoting pkimnyc
Shit.... I'm fucking lost....

It is rather tricky lol
entry - 1.29250 s/l 200 pips
  • #566,094
  • Nov 25, 2011 10:04am Nov 25, 2011 10:04am
Quoting chess king
bad day ... I had a feeling it was going to 34xx
No worries...I predicted 3245 will hold for buyers. NOT. O well...See u all on Monday. Edit: norm what did u say ur SL was for GBPUSD?
  • #566,095
  • Nov 25, 2011 10:06am Nov 25, 2011 10:06am
Quoting harigp
pat on my shoulders well done
Pat.
  • #566,096
  • Nov 25, 2011 10:15am Nov 25, 2011 10:15am
am lookin for more down side !!!!! no space for buyers here . sellers in control !
  • #566,097
  • Nov 25, 2011 10:19am Nov 25, 2011 10:19am
Quoting Alexone
No worries...I predicted 3245 will hold for buyers. NOT. O well...See u all on Monday. Edit: norm what did u say ur SL was for GBPUSD?
Its 200 pips from my entry point..everyone can and will have a stop hit, even guys that use 1000 pip stops.

The "edge" is not in the stop, obviously..but its a big part of the edge that very few if any traders have.
entry - 1.29250 s/l 200 pips
  • #566,098
  • Nov 25, 2011 10:22am Nov 25, 2011 10:22am
Quoting JeremyWS
Oh of course I entirely agree with that but Sentiment just isn't reflecting a fair value in my opinion at this level. I have no bets on this and am all cash for the weekend.
Let the price lead. Then we can talk about fair value. Follow the trend, you're only wrong once within that trend.
  • #566,099
  • Nov 25, 2011 10:29am Nov 25, 2011 10:29am
Quoting Geppy
You will be stopped out of your shorts.

'nough said.

Great call Geppy. Your mom going to write you another check to fund your micro account so you can blow it all again next month? Even the people you despise as 'muppets' got this one right.
  • #566,100
  • Nov 25, 2011 10:30am Nov 25, 2011 10:30am
Is US market halteD?
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