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  • #8,761
  • Dec 8, 2011 6:05am Dec 8, 2011 6:05am
The market totally ignores BOE decision. Expected as all eyes are on EU summit.
  • #8,762
  • Dec 8, 2011 6:09am Dec 8, 2011 6:09am
Quoting T@rantula
The market totally ignores BOE decision. Expected as all eyes are on EU summit.
yes. best to do is watch charts for 'decision'



ill watch bloomberg's headlines to see whats up. will see for keywords on charts and speech, but will not act like a fundie maniac.
Have I got something on my face, SOLDIER?
  • #8,763
  • Dec 8, 2011 6:10am Dec 8, 2011 6:10am
I will explain later some things how I see it concerning EU economy and US economy comparative.

It will be under Forex Highlights so you will be able to read some economical viewpoints and main difference between EU and USA economies.
  • #8,764
  • Dec 8, 2011 6:13am Dec 8, 2011 6:13am
Quoting bumapatria
yes. best to do is watch charts for 'decision'



ill watch bloomberg's headlines to see whats up. will see for keywords on charts and speech, but will not act like a fundie maniac.
Exactly. Fundie trigger will have an initial spike. Its best not to trade it let it settle abit.
  • #8,765
  • Dec 8, 2011 6:29am Dec 8, 2011 6:29am
take care guys...

market will start to be danger now we approach ECB press conference.

trendline I showed you yesterday still hoding EURO...

I would wait 5 minutes of reaction before join in a trade.

If they cut rates, EU goes down and Aussie goes up, maybe is a good oportunity short it around 1.04 / 1.045

lets see...
Attached Image (click to enlarge)
Click to Enlarge Name: eu09.jpg Size: 281 KB
I'm indeed a talking panda. How are you?
  • #8,766
  • Dec 8, 2011 6:35am Dec 8, 2011 6:35am
difference between EU and aussie is evident.

we can use it in our favour after the spikes
Attached Image (click to enlarge)
Click to Enlarge Name: aussie04.jpg Size: 353 KB
I'm indeed a talking panda. How are you?
  • #8,767
  • Dec 8, 2011 6:36am Dec 8, 2011 6:36am
SO far good reaction up from 1.3379 (and not 1.3376), let see what the ECB press conference brings.
I am flat, just waiting for things to unfold
  • #8,768
  • Dec 8, 2011 6:37am Dec 8, 2011 6:37am
Quoting Pandamonium
difference between EU and aussie is evident.

we can use it in our favour after the spikes
Yes mate, aussie being a commodity currency may have an initial spike in opposite direction of EU, might be good to short afterwards.
  • #8,769
  • Dec 8, 2011 6:38am Dec 8, 2011 6:38am
LEVELS MARKED.

Labelling fo Bearish scenario ....Reverse ADCDEFGHI.
Attached Image (click to enlarge)
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Markets are not Random, they are designed!
  • #8,770
  • Dec 8, 2011 6:39am Dec 8, 2011 6:39am
Quoting BrunargarFx
I am flat, just waiting for things to unfold
Thats right mate.
  • #8,771
  • Dec 8, 2011 6:39am Dec 8, 2011 6:39am
lets be ready for it.
Have I got something on my face, SOLDIER?
  • #8,772
  • Dec 8, 2011 6:42am Dec 8, 2011 6:42am
Quoting Raza
LEVELS MARKED.
Compared to your chart, the picture looks the same. Clustered levels im my chart show bullish action above 3415 and yours 3434. Yes 3434 if broken will print new highs and will be good for 3450>3480. Below 3350 is also a continuation as London lowest level calculated is 3369 ( see table)
  • #8,773
  • Dec 8, 2011 6:48am Dec 8, 2011 6:48am
Not big reaction as there is ECB conference in 40mins time, rise of volatility should be while conference is taking place.
  • #8,774
  • Dec 8, 2011 6:49am Dec 8, 2011 6:49am
as expected cut by 25 bps
Have I got something on my face, SOLDIER?
  • #8,775
  • Dec 8, 2011 6:57am Dec 8, 2011 6:57am
Quoting bumapatria
as expected cut by 25 bps
Normal PA would say long@3385 stops 3350 target 3480, but we have ECB press conference which MAY be volatile so i have restrained from making an entry.
  • #8,776
  • Dec 8, 2011 7:04am Dec 8, 2011 7:04am
Ok small position

E:3414
S:3400
TP:3436
  • #8,777
  • Dec 8, 2011 7:17am Dec 8, 2011 7:17am
gbpusd scalp

closed for +6
Attached Image (click to enlarge)
Click to Enlarge Name: gbp in out fast like a maniac.gif Size: 25 KB
Have I got something on my face, SOLDIER?
  • #8,778
  • Dec 8, 2011 7:20am Dec 8, 2011 7:20am
Quoting T@rantula
Ok small position

E:3414
S:3400
TP:3436
3420 closing +6 due to conference in 10 mins. Was expecting 3436 test before the conference but the price got trapped in momentum fade.
  • #8,779
  • Dec 8, 2011 7:25am Dec 8, 2011 7:25am
EURUSD, M5, 2011 December 08
EURUSD, H1, 2011 December 08

I try to trade the H1/H4 Range at M1/M5.

Short @ 1.3416
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD; M5, 2011 December 08.jpg Size: 177 KB
Click to Enlarge Name: EURUSD, H1, 2011 December 08, Range.jpg Size: 97 KB
  • #8,780
  • Dec 8, 2011 7:27am Dec 8, 2011 7:27am
Quoting Forexcube
EURUSD, M1, 2011 December 08

I try to trade the H1/H4 Range at M1/M5.

Short @ 1.3416
Hey Fcube!

M1 trading post Watch the 3436 if it gets there it might be continuation of momentum push. I closed long @ 3420 due to a fade.

Still i presume m1 is scalp trade right?
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