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  • #570,481
  • Dec 6, 2011 8:00am Dec 6, 2011 8:00am
Bearish continuation in case of 1.3478 / 87 area cannot be crossed anymore ...

2011-12-06 _ (14h50 CET) EUR-USD _ 030min _ 001 barchart 240-513-40

As long as capped below that zone ... there will be further declines on the agenda ...




;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-06 _ (14h50 CET) EUR-USD _ 030min _ 001 barchart 240-513-40.GIF Size: 85 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #570,482
  • Dec 6, 2011 8:01am Dec 6, 2011 8:01am
Quoting Tom_D_Trader
This is a nice one post. At least someone I can talk to. You have said it yourself. This week is one of the last chances. CBs used another of their few bullets and lowered Swap rates in order to give European muppets more time.

First of all, it all depends on scale of view. For example I am bearish in long term, like moths. But I acknowledge we can have bull this week, because of a) hopium liquidity b) hope of summit brings solution (like your hope) c)Good US data (Which is in fact short term bullish but long term bearish). But the underlying...
I share that opinion indeed. European leaders will turn everything in their advance this week. They will be definiatly creative with numbers. They will do everything to win the crowd for them. So this week we can go definiatly higher then where we are now. After that, it will be clear that the euro could not be saved and can we short.
  • #570,483
  • Dec 6, 2011 8:04am Dec 6, 2011 8:04am
Quoting pipsallday
Half way there
nearly there short @ 99
Trade What You See Not What You Want To See
  • #570,484
  • Dec 6, 2011 8:06am Dec 6, 2011 8:06am
Quoting tradetheday
25 or 30 pips retracement is nothing...

and now its +60 pips move. where has junior gone ?

looks like my hanging man / bearish prediction was right on the money.
  • #570,485
  • Dec 6, 2011 8:07am Dec 6, 2011 8:07am
Quoting Tom_D_Trader
This is a nice one post. At least someone I can talk to. You have said it yourself. This week is one of the last chances. CBs used another of their few bullets and lowered Swap rates in order to give European muppets more time.

First of all, it all depends on scale of view. For example I am bearish in long term, like moths. But I acknowledge we can have bull this week, because of a) hopium liquidity b) hope of summit brings solution (like your hope) c)Good US data (Which is in fact short term bullish but long term bearish). But the underlying...
On October 27th the EZ also presented a "solution". This resulted in 320 pip up in EU for the day. We could get a sort like reaction on Friday.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #570,486
  • Dec 6, 2011 8:08am Dec 6, 2011 8:08am
Quoting whatfx
and now its +60 pips move. where has junior gone ?

looks like my hanging man / bearish prediction was right on the money.

ofcourse right
looking for investors . pm me
  • #570,487
  • Dec 6, 2011 8:11am Dec 6, 2011 8:11am
Quoting KillerWhale
On October 27th the EZ also presented a "solution". This resulted in 320 pip up in EU for the day. We could get a sort like reaction on Friday.
Or earlier, if some sort of PR spin is released (or 'leaked') before then. That's why although I'm very much bearish at the moment in line with what the daily, 4h and 1h charts are telling me, my risk per trade is 50% of what it normally would be.
  • #570,488
  • Dec 6, 2011 8:14am Dec 6, 2011 8:14am
Quoting KillerWhale
On October 27th the EZ also presented a "solution". This resulted in 320 pip up in EU for the day. We could get a sort like reaction on Friday.
That was great press conference. Van Rompuy really did his best. I will try to find my post from that date, but that was insane. He walked at the stage and said. "We have agreed on sophisticated comprehensive solution, which will solve all our problems!" And then there were five points of blur, blur, mist, fog, mud, and then he vanished. And I had my SL hit twice, before I realized there is a coordinated CBs intervention to bring equities up. Fkin bastards working together. Well, I will try to find that post, just for fun. I was writing down those five blur points for stability.

T
"I know one thing, that I know nothing." Sokrates
  • #570,489
  • Dec 6, 2011 8:21am Dec 6, 2011 8:21am
Ok, I found it. Here it goes. You are right that hopes before press conference brought Euro really high, only to crumble afterwards.

Quoting Tom_D_Trader
Ok, I have just listened to Van Rompuy,...
Ok, I have just listened to Van Rompuy, who gave a very clear and ultimatively superior comprehensive 5 point solution to solve crisis:

http://tvnewsroom.consilium.europa.e...-the-ecb-role/

My comentary is in brackets.

1) EU has to take forcefull action to provide sustainable growth (what action? = blur)
Some members have to convince other members to meet austerity measures (clearly adressed to Berlusconi who was standing nearby)

2) Sustainable growth for Greece (new tranches are coming = more can kicking. Sadly I think there is no way for disorderly default for Greece, so this "brilliant" solution is the only one.)

3) Build firewall using EFSF, without extending guarantees (no guarantees = no extending)
several options are beeing considered (blur)

4) Restoration of confidence (my confidence is really restored with these strong statements)
coordination in systematic recapitalization (although they have no money)

5) Better governance (no way, better governance, I wouldnt think of that)
Fiscal monitoring and integration (finally something usefull)

Summary: blur,blur,blur, mist, fog = I am still bearish.

Tom
"I know one thing, that I know nothing." Sokrates
  • #570,490
  • Dec 6, 2011 8:30am Dec 6, 2011 8:30am
Quoting FXMastermind
took a long scalp for 15
can you tell me how you get those multi timeframe charts on 1 chart the name of the indicator pal.
Find your Favourite Pattern
  • #570,491
  • Dec 6, 2011 8:33am Dec 6, 2011 8:33am
Quoting Pipanator
can you tell me how you get those multi timeframe charts on 1 chart the name of the indicator pal.
Search for Stratman_Minichart v12....
or
http://www.forexfactory.com/showthread.php?t=198729
  • #570,492
  • Dec 6, 2011 8:34am Dec 6, 2011 8:34am
Quoting Tom_D_Trader
That was great press conference. Van Rompuy really did his best. I will try to find my post from that date, but that was insane. He walked at the stage and said. "We have agreed on sophisticated comprehensive solution, which will solve all our problems!" And then there were five points of blur, blur, mist, fog, mud, and then he vanished. And I had my SL hit twice, before I realized there is a coordinated CBs intervention to bring equities up. Fkin bastards working together. Well, I will try to find that post, just for fun. I was writing down those...
I'm not talking about the CB intervention, I'm talking about the "solution" on 10/27 That is about 5.5 weeks ago. The last day up before trend change.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #570,493
  • Dec 6, 2011 8:35am Dec 6, 2011 8:35am
add short 3380
looking for investors . pm me
  • #570,494
  • Dec 6, 2011 8:46am Dec 6, 2011 8:46am
I did not trade EU for this week so far. My weekly plan is buy EU at 1.3266 with s/l at 1.3206 or sell EU at 1.3611 with s/l at 1.3671..
it may not trigger any of them but this is just a plan. probably will not trade too much in December.
  • #570,495
  • Dec 6, 2011 8:51am Dec 6, 2011 8:51am
Quoting KillerWhale
I'm not talking about the CB intervention, I'm talking about the "solution" on 10/27 That is about 5.5 weeks ago. The last day up before trend change.
Yop, my next post was right after that press conference. There was absolutely no reason for bull run and there were heavy swaps between FED and ECB back then. + hope. Only to crumble down afterwards.

I hope we will get simmilar thing this week, ah, that would be great to short from 366 - 368. I would just love that.

Edit: and now they are doing simmilar thing. They have lowered swap rates. Hmm, why could they do that?

T
"I know one thing, that I know nothing." Sokrates
  • #570,496
  • Dec 6, 2011 8:51am Dec 6, 2011 8:51am
Quoting Tom_D_Trader

So this week, it may be bullish. But I still consider underlying bearish fundaments too strong and expect ranging market. So I say 358x is a top for me. If it goes higher, I will be shorting like insane.

T
I have similar expectations...rate cut expected + summit + some positive fundies will mean some short term bullish moves, but in overall I remain hugely bearish. Bears may overtake the market just after the summit next week, when market realizes they wonīt have brought anything else than vague promises to buy themselves some time (as usual)...

Furthermore, constant downgrade threat keeps any serious bullish moves under control...
Quant Hedge Fund CEO
  • #570,497
  • Dec 6, 2011 8:51am Dec 6, 2011 8:51am
Quoting Yuchen
I did not trade EU for this week so far. My weekly plan is buy EU at 1.3266 with s/l at 1.3206 or sell EU at 1.3611 with s/l at 1.3671..
it may not trigger any of them but this is just a plan. probably will not trade too much in December.
very sound plan i would say, i guess capital preservation is your game right now

you know, just a general thought, i've been noticing that the muppets that cloggie, geppy and tom termed, usually come out when market is consolidating or ranging between tight zones

just hours back, you hear calls for longs and right now, none of them are in sight

*coughmichocough*
  • #570,498
  • Dec 6, 2011 8:54am Dec 6, 2011 8:54am
eurusd entry buy :
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd chart.gif Size: 13 KB
  • #570,499
  • Dec 6, 2011 8:57am Dec 6, 2011 8:57am
Quoting Tom_D_Trader
That was great press conference. Van Rompuy really did his best. I will try to find my post from that date, but that was insane. He walked at the stage and said. "We have agreed on sophisticated comprehensive solution, which will solve all our problems!" And then there were five points of blur, blur, mist, fog, mud, and then he vanished. And I had my SL hit twice, before I realized there is a coordinated CBs intervention to bring equities up. Fkin bastards working together. Well, I will try to find that post, just for fun. I was writing down those...
Broker : this fuking ppl r using EA that holy grail we have no hope in SL hunt or freeze Bank : wtf, call president presidents : in this meeting we will $hit on traders face
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  • #570,500
  • Dec 6, 2011 8:59am Dec 6, 2011 8:59am
Quoting mql54
eurusd entry buy :
possible big leg down
looking for investors . pm me
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