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  • #8,361
  • Edited 6:22am Dec 1, 2011 6:06am | Edited 6:22am
Quoting mercy seat
Nice ... ok ... so you will wait for 1.3570 ...

Do you only act if 1.3570 is given ... or do you tend to sell earlier as well ?

In case of it looks that 1.3570 is not given until a specific point of time ?

Or just only disciplined waiting just for that ?

Hmm ...

Anyway ... feel free and just let us hear when you do ...

I won't be curlish if you don't post a chart ... simply tell us ...

We all do have nice charts on our own ...

Ich werde da bestimmt nicht so kleinlich sein. Wär schon froh wenn überhaupt einer was sagt ... and for...
Yes im going to wait mercy, there is no reason to trade in the warzone. Most of the times am taking big positions at those spikes (blue/white) and High/Lows(Red) except scalping.

Check the picture, Ive drawn all those levels in the statistic into the chart (horizontal lines). Already reacted at 1,3510 / 1,3430

(Stat: http://www.forexfactory.com/showthre...86#post5185486)
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt2.png Size: 97 KB
  • #8,362
  • Dec 1, 2011 6:20am Dec 1, 2011 6:20am
Ok ... thanks for enlighten ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #8,363
  • Dec 1, 2011 6:22am Dec 1, 2011 6:22am
Quoting mercy seat
Ok ... thanks for enlighten ...
You´re welcome mercy
  • #8,364
  • Dec 1, 2011 6:35am Dec 1, 2011 6:35am
Quoting infinitus
In December 2007 Fed and the other CB's did the very same thing - they have learned nothing.

After that "intervention" arket dropped from around 14000 in Dow Jones 30 to around 11500 within a month. One year later it was around 8000.

So let us look at EURUSD:

see the red area on the chart: that was the effect of that "intervention"
see the green area in the red one: that is what happened in December

now you all knew what this spike was all about

[b]
Take home message: all interventions (ever) are very short lived

BUT

can...
Hey infinitus,

the intervention itself might be short lived, agreed.
But still generating opportunities.. what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Weekly_snapshot.jpg Size: 119 KB
  • #8,365
  • Dec 1, 2011 6:47am Dec 1, 2011 6:47am
Quoting infinitus
In December 2007 Fed and the other CB's did the very same thing - they have learned nothing.

After that "intervention" arket dropped from around 14000 in Dow Jones 30 to around 11500 within a month. One year later it was around 8000.

So let us look at EURUSD:

see the red area on the chart: that was the effect of that "intervention"
see the green area in the red one: that is what happened in December

now you all knew what this spike was all about

[b]
Take home message: all interventions (ever) are very short lived

BUT

can...
Hi Markus,

Do You have 1H - 4H EW count of EURUSD because I'm having hard time to count the waves now? This bloody intervention messed up nice bearish way down in 1-2,1-2...

Seb
  • #8,366
  • Dec 1, 2011 6:54am Dec 1, 2011 6:54am
Quoting infinitus
In December 2007 Fed and the other CB's did the very same thing - they have learned nothing.

After that "intervention" arket dropped from around 14000 in Dow Jones 30 to around 11500 within a month. One year later it was around 8000.

So let us look at EURUSD:

see the red area on the chart: that was the effect of that "intervention"
see the green area in the red one: that is what happened in December

now you all knew what this spike was all about

[b]
Take home message: all interventions (ever) are very short lived...

well, thats what I think... but I'm new, and didnt experience much interventions.
BOJ interventions for example, its always a good oportunity to short with target where the price was, because it always go back...


I believe we will go down, at least for AUDUSD. Investors are still concerned about the Europe, and what was made yesterday will not fix the problem.
I'm indeed a talking panda. How are you?
  • #8,367
  • Dec 1, 2011 6:56am Dec 1, 2011 6:56am
Quoting FX-Ray
Hey infinitus,

the intervention itself might be short lived, agreed.
But still generating opportunities.. what do you think?
Well ... Markus has left atm ...

And I cannot speak for him ... but I will give you an answer from my side ... as I can remember that situation very well ...

That has happened in a very thin market just prior to x-mas ... and yes ...

As you mentioned it did generate some nice opportunities ...

I do love such sharp moves ... and we did retrace about 61.8% of the whole move down before that ...

I do remember I was part of a payservice community at that point of time ... and there has been some participiciants who has been wiped out within a few minutes ... it was about in the later evening at CET time settings ... maybe in late NY session ... when it starts to reverse again from that very short lived interim high into those 1.4xxx levels ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #8,368
  • Dec 1, 2011 7:00am Dec 1, 2011 7:00am
Quoting FX-Ray
Hey infinitus,

the intervention itself might be short lived, agreed.
But still generating opportunities.. what do you think?
Hahaha,

you can bet on it........


Point was:

FA is nice to know, but most of all people get it only straight after the fact

If you like to trade, it seems to be more rewarding to trade technicals and sentiment.
  • #8,369
  • Dec 1, 2011 7:20am Dec 1, 2011 7:20am
PA indicates that market is expecting -100 000 Unemploymet Claims...
and
+450 000 NFP...
  • #8,370
  • Dec 1, 2011 7:21am Dec 1, 2011 7:21am
Quoting Flynchenberg
Hi Markus,

Do You have 1H - 4H EW count of EURUSD because I'm having hard time to count the waves now? This bloody intervention messed up nice bearish way down in 1-2,1-2...

Seb


Hi Seb,


sorry for answering late. I am a bit busy at the moment


Here the bearish 1-2 count on daily and 12h


other counts follow
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Daily_snapshot.jpg Size: 61 KB
Click to Enlarge Name: Chart_EUR_USD_12 Hours_snapshot.jpg Size: 64 KB
  • #8,371
  • Dec 1, 2011 7:28am Dec 1, 2011 7:28am
Quoting infinitus
Hi Seb,


sorry for answering late. I am a bit busy at the moment


Here the bearish 1-2 count on daily and 12h


other counts follow
Nice, thanks Markus...

Seb
  • #8,372
  • Dec 1, 2011 7:34am Dec 1, 2011 7:34am
good afternoon all
I SEE YOU !!
  • #8,373
  • Dec 1, 2011 7:39am Dec 1, 2011 7:39am
Quoting FX-Ray
You should know there is no volume in forex ;-)
Its a empirical distribution function of the E/U.
Exactly, FX is not centralized market and thus it has no VOLUME.

FX is about MOMENTUM.
  • #8,374
  • Dec 1, 2011 7:42am Dec 1, 2011 7:42am
Okay ... thank you ... I am busy now and must go ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #8,375
  • Dec 1, 2011 7:42am Dec 1, 2011 7:42am
Quoting infinitus
Hi Seb,


sorry for answering late. I am a bit busy at the moment


Here the bearish 1-2 count on daily and 12h


other counts follow


or this variant (gives one 1-2 move less):

12h TF
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_12 Hours_snapshot.jpg Size: 81 KB
  • #8,376
  • Dec 1, 2011 7:47am Dec 1, 2011 7:47am
Quoting T@rantula
Exactly, FX is not centralized market and thus it has no VOLUME.

FX is about MOMENTUM.
Aight
  • #8,377
  • Dec 1, 2011 7:57am Dec 1, 2011 7:57am
Quoting infinitus
or this variant (gives one 1-2 move less):

12h TF


This is another bearish variant with an leading diagonal.

The leading diagonal at this position would reflect the undecision of the market participants.

Keep in mind: LD's are very rare


maybe it is more likely that we are in the alternative count also shown on the chart. That would the be an expanding ending diagonal. But expanding ending diagonals are rare too.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_12 Hours_snapshot.jpg Size: 95 KB
  • #8,378
  • Dec 1, 2011 8:03am Dec 1, 2011 8:03am
Shorts 3493 3485 activated, bearish wedge with divergence setup on m15


Bearish wedge/pennant with divergence

Attached Image (click to enlarge)
Click to Enlarge Name: euu.jpg Size: 68 KB


Monitoring it.
  • #8,379
  • Dec 1, 2011 8:05am Dec 1, 2011 8:05am
14.10 gmt , huh....Almost forgot for the clock..

3485 closing 3493 on BE....

Wall street opens soon, we may see a spike....
  • #8,380
  • Dec 1, 2011 8:22am Dec 1, 2011 8:22am
Quoting T@rantula
Shorts 3493 3485 activated, bearish wedge with divergence setup on m15


Bearish wedge/pennant with divergence

Attachment

Monitoring it.
Closing it +17 total + 20
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