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  • #569,481
  • Dec 2, 2011 1:22pm Dec 2, 2011 1:22pm
Quoting samdani786
S 3490 SL 3500

BEFORE AND AFTER
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  • #569,482
  • Dec 2, 2011 1:36pm Dec 2, 2011 1:36pm
Quoting micho
hey, why do you keep on closing your trades like that?
I know you think it is going north ( at least for a while ) technically.

But don't you think fundamentally the news is too bad for that direction ?
If something is too good to be true, it’s probably NOT true.
  • #569,483
  • Dec 2, 2011 1:38pm Dec 2, 2011 1:38pm
Quoting troutguy
This is what I'll be looking for over the next 48hrs.

Cyclical data called the turn today with next turn up on 12/4. This calls for highs to be no higher than today until after the 4th, and most likely the next low for entry at the turn will be sometime late Friday after NFP but for the cycles to hold the close Friday can be no lower than approx 1.3365.

I'll be looking to get in long limit at 1.3425 in the next few hours and take this to just shy 1.3500. Then look for a short limit entry just above 1.3500 to hold until end of day Friday.

Comments,...
Well I was pretty close but I missed the no higher part today and my limit long entry set for 1.3360 was just a tad to low so I missed getting in at the bottom...Oh well, I still got the 60 on the move up to 1.3500 and the 130 on the drop today to 1.3365 as forecast.

Based on the cycles I'm unsure where the market will open on Sunday night. It could either gap up as the low comes in early Sunday or it could be around the up trend SR angle which is at 1.3410. In any case I'm forecasting a run up to a high cycle turn down on or about the 8th at a target of approx 1.3620. This would be a small bump down from here to the 11th.

I'll be trying to get in long limit at a level of 1.3385-90 or lower on Sunday if possible...Regardless I'm going long with stop below 1.3300 heading to 1.3620 near Thursday.

That too Guy Smiley for you-all...hahaha!
  • #569,484
  • Dec 2, 2011 1:52pm Dec 2, 2011 1:52pm
Quoting Geppy
Well, just woke up from a much needed nap. That was a nice few pages of entertainment there... thanks Cloggie for keeping the muppets in line (as always).

I closed out my Euro longs for an easy 40 pips. I still think we'll see 1.3445ish, but I'd rather be flat going into the weekend just in case some shizz goes down.

I'll be looking to load shorts somewhere in that zone unless the market tells me otherwise of course
If you look at the 4 hour chart, we do have a higher high and a higher low.
We'll see but 1.3614 could still be in the books.
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  • #569,485
  • Dec 2, 2011 1:53pm Dec 2, 2011 1:53pm
Quoting micho
hey, why do you keep on closing your trades like that?
oh, i placed a buy limit at 1.3425 and then i drove to Montreal, it was triggered when i was driving and i believe a broken of 3420 means the short term up move is finished so let's see if the support at 32XX is still valid or no.
  • #569,486
  • Dec 2, 2011 1:57pm Dec 2, 2011 1:57pm
Quoting Toldo
I know you think it is going north ( at least for a while ) technically.

But don't you think fundamentally the news is too bad for that direction ?
This is my spin. The central banks of nation states determine more or less where they want the values to be. They can't completely control it but they are definitely a big influence. The collusion of all these central banks last week are not going to allow the valuations to go down at least not fast and without a fight.

I'm probably all wet but I have little trusts in central banks and governments.

That doesn't mean you can't have great trades. Those are always out there.
Taigen Profit This Month: na
  • #569,487
  • Dec 2, 2011 2:11pm Dec 2, 2011 2:11pm
It's technically looking at 30+ more pips down at open and then it should start to rise again, based on those same technicals. I am the last person to give trading advice but that is what I see in front of me. Going to the 1.361x range and breaking back down to the south side.

Quoting KillerWhale
If you look at the 4 hour chart, we do have a higher high and a higher low.
We'll see but 1.3614 could still be in the books.
It's easy to be humbled but hard to be humble.
  • #569,488
  • Dec 2, 2011 2:12pm Dec 2, 2011 2:12pm
Good weekend all.
End of week score: + 7.094%
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  • #569,489
  • Dec 2, 2011 2:15pm Dec 2, 2011 2:15pm
Quoting KillerWhale
If you look at the 4 hour chart, we do have a higher high and a higher low.
We'll see but 1.3614 could still be in the books.
Higher highs and higher lows on the 4H, sure I agree.

However, if you're going to the 4H, you can't ignore the move from late October until about the 24th/25th of November. So, if you're looking at the 4 hour, this really just looks like consolidation in a bear flag for further movement down.

1.3614 or whatever could still be in the books, sure. But we had a pretty good shot at it late this week and failed pretty hard today. Overcoming that pre-NFP consolidation area would be a pretty tough feat. I'm not saying it can't happen, but I'd definitely bet against it happening.
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  • #569,490
  • Dec 2, 2011 2:21pm Dec 2, 2011 2:21pm
Quoting Taigen
This is my spin. The central banks of nation states determine...
Hmh, why did I put you on ignore? Sometimes I act too fast, it was maybe a misjudgement, so I am sorry.

You have a point here. They can´t control it but they have a big influence. Right now, we have experienced major enhancement of liquidity in banking sector. This resulted in market rally and strenghtening of this pair.

Now, I think there are two contrary signals.
a) Markets are again on hopium rally. Question is, how long will this rally last.
b) EUR is slowly decoupling from other risk assets, so even though other markets rally, this pair may fall in the future.

Next variable, entering the equation are US employment data. This results yet again in market rally, but more importantly for this pair, in strenghtening of USD in the long term. USD can pretty easily become safe haven since Europe is crumbling.

Lowering of swap rates was another bullet CBs had. And they are running out of bullets and markets know that. Interest rates are already incredibly low, and they cant be lower than zero, they are loosing options of enhancing liquidity and banks all across Europe are still in heavy liquidity issues. This can even eventually result in a bank run.

Anyway, it is very hard to predict what is going to happen and I am pretty glad I was flat this week. I think markets will be ranging next week, awaiting European summit on weekend. Bankers just gave European muppets more time. As I expect they will mess it up as usuall, I will be only shorting top of the range, building positions, awaiting crash.

T
"I know one thing, that I know nothing." Sokrates
  • #569,491
  • Dec 2, 2011 2:24pm Dec 2, 2011 2:24pm
Quoting Geppy
Higher highs and higher lows on the 4H, sure I agree.

However, if you're going to the 4H, you can't ignore the move from late October until about the 24th/25th of November. So, if you're looking at the 4 hour, this really just looks like consolidation in a bear flag for further movement down.

1.3614 or whatever could still be in the books, sure. But we had a pretty good shot at it late this week and failed pretty hard today. Overcoming that pre-NFP consolidation area would be a pretty tough feat. I'm not saying it can't happen, but I'd...
We'll see what happens. Lol One good EZ rumor can change everything these days.
By the way, did you see my short EG was a good shot last week? I was stopped out first @ 0.8655 but got in on the way back @ 0.8660 again.

Have a good weekend.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #569,492
  • Dec 2, 2011 2:30pm Dec 2, 2011 2:30pm
Quoting KillerWhale
We'll see what happens. Lol One good EZ rumor can change everything these days.
By the way, did you see my short EG was a good shot last week? I was stopped out first @ 0.8655 but got in on the way back @ 0.8660 again.

Have a good weekend.
What's that look like??
  • #569,493
  • Dec 2, 2011 2:41pm Dec 2, 2011 2:41pm
Quoting Wulfgar
What's that look like??
Christ, you should know, living so close to PB

Lots of drinks, pot, girls: everything you need right at your door!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #569,494
  • Dec 2, 2011 2:41pm Dec 2, 2011 2:41pm
Enjoy!!!
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  • #569,495
  • Dec 2, 2011 2:49pm Dec 2, 2011 2:49pm
Quoting KillerWhale
Christ, you should know, living so close to PB

Lots of drinks, pot, girls: everything you need right at your door!
dude im not in Del Mar anymore.... Im in the ghetto brother...
  • #569,496
  • Dec 2, 2011 3:01pm Dec 2, 2011 3:01pm
Quoting Wulfgar
dude im not in Del Mar anymore.... Im in the ghetto brother...
So what ghetto do you live now?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #569,497
  • Dec 2, 2011 3:10pm Dec 2, 2011 3:10pm
Quoting KillerWhale
So what ghetto do you live now?
The border of south park and Lincoln acres...

It's ghetto fabulous
  • #569,498
  • Dec 2, 2011 3:13pm Dec 2, 2011 3:13pm
Quoting Wulfgar
The border of south park and Lincoln acres...

It's ghetto fabulous
wait............................
New voice message: Why are you calling me? If I need you, I'll call you!
  • #569,499
  • Dec 2, 2011 3:52pm Dec 2, 2011 3:52pm
Quoting Chicky
http://www.forexfactory.com/showthre...=1#post5191088

New voice message: Why are you calling me? If I need you, I'll call you!
  • #569,500
  • Dec 2, 2011 4:07pm Dec 2, 2011 4:07pm
Quoting KillerWhale
We'll see what happens. Lol One good EZ rumor can change everything these days.
By the way, did you see my short EG was a good shot last week? I was stopped out first @ 0.8655 but got in on the way back @ 0.8660 again.

Have a good weekend.
Good stuff. I've got a daily chart of that up all the time... it's stuck between that massive down-trend channel in a 'no man's land' for me. I don't trade the pair much, so I'm content waiting for a no brainer entry.
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