..Got a new Low ...still saved by 1.33xx ... hmmm...
- #13,901
- Dec 8, 2011 6:46am Dec 8, 2011 6:46am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #13,902
- Dec 8, 2011 6:51am Dec 8, 2011 6:51am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
...breaking this welcome..1.28 ...
We need a correction first. 1.38 is my ultimate projection but we may only get 1.36
Time will tell.
Those who say it cannot be done should not interrupt those who are doing it
- #13,903
- Dec 8, 2011 6:56am Dec 8, 2011 6:56am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
Not today rekon. 1.28 is a January target.
We need a correction first. 1.38 is my ultimate projection but we may only get 1.36
Time will tell.
- #13,904
- Dec 8, 2011 6:57am Dec 8, 2011 6:57am
- Joined Jun 2011 | Status: Scratching my head. | 3,578 Posts | Online Now
Kill the ego, or it will kill the mission.
- #13,905
- Dec 8, 2011 7:05am Dec 8, 2011 7:05am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #13,906
- Dec 8, 2011 7:10am Dec 8, 2011 7:10am
- Joined Jun 2011 | Status: Scratching my head. | 3,578 Posts | Online Now
If we don't get it, then that means that confidence in a resolution is really absent and the Euro is already doomed.
Seriously, what happened tonight was Mr. D came out and squashed hope. This is a little different from the usual tweet tweet from the twits. Tonight was more than noise.
Another topic. How does December trading differ from the rest of the year?
Kill the ego, or it will kill the mission.
- #13,907
- Dec 8, 2011 7:13am Dec 8, 2011 7:13am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
We can always hope.
Seriously, what happened tonight was Mr. D came out and squashed hope. This is a little different from the usual tweet tweet from the twits. Tonight was more than noise.
Another topic. How does December trading differ from the rest of the year?
ADD: I am sure the Muppets will be out soon with their fresh supply of hopium.
Those who say it cannot be done should not interrupt those who are doing it
- #13,908
- Dec 8, 2011 7:14am Dec 8, 2011 7:14am
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
Let's look at this from a positioning and flow perspective.
1. Right now, the markets (all of them) are net short risk.
2. Tonight and tomorrow we have significant risk events (EU jaw boning)
Do you think that the markets are going to remain short just before such risk event?
I expect some short covering before then.
If we don't get it, then that means that confidence in a resolution is really absent and the Euro is already doomed.
ADD: If price manages to break the 1.3210 support today, [b]then we're all screwed...
there is no santa???? wtf???
- #13,910
- Dec 8, 2011 7:15am Dec 8, 2011 7:15am
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
- #13,911
- Dec 8, 2011 7:20am Dec 8, 2011 7:20am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Im expecting 3367 to hold now as resistance...
It will probably slice through it like a hot knife through butter.
Those who say it cannot be done should not interrupt those who are doing it
- #13,912
- Edited 8:32am Dec 8, 2011 7:21am | Edited 8:32am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
"Risk on" momentum has been slowing all week across several pairs on the daily charts and started to show signs of reversals yesterday. I had closed all of the "risk on" bets I was holding since friday and started putting on "risk off positions where I was getting signals.
E$ Several small red Heiken Ashi candles and the SSL fastbar had turned red and we had a close below the Ichimoku cloud yesterday. Price has been unable to close above the down trend line on the daily. On my candlestick charts price is barely even able to make it into the supply zone anymore and has been unable to close above the Bollenger band mean.
I have also redrawn the chanels on this chart.
Placed small shorts in E$ pair last night in both accounts around 1.3390 looking for a test of the demand zone around 1.3220.
I was also thinking that even if we got a hopium pop today or tomorrrow that it would quickly vanish as soon as the truth came out. Thanks Mr. Draghi.
E$ Several small red Heiken Ashi candles and the SSL fastbar had turned red and we had a close below the Ichimoku cloud yesterday. Price has been unable to close above the down trend line on the daily. On my candlestick charts price is barely even able to make it into the supply zone anymore and has been unable to close above the Bollenger band mean.
I have also redrawn the chanels on this chart.
Placed small shorts in E$ pair last night in both accounts around 1.3390 looking for a test of the demand zone around 1.3220.
I was also thinking that even if we got a hopium pop today or tomorrrow that it would quickly vanish as soon as the truth came out. Thanks Mr. Draghi.
I don't care which way the market is going as long as it's going my way
- #13,913
- Dec 8, 2011 7:21am Dec 8, 2011 7:21am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I expected this would happen when I heard Draghi back peddle.
Before and After
Before and After
Those who say it cannot be done should not interrupt those who are doing it
- #13,914
- Dec 8, 2011 7:23am Dec 8, 2011 7:23am
- Joined Jun 2011 | Status: Scratching my head. | 3,578 Posts | Online Now
Kill the ego, or it will kill the mission.
- #13,915
- Dec 8, 2011 7:24am Dec 8, 2011 7:24am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
there is no santa???? wtf???
Inserted Video
I don't care which way the market is going as long as it's going my way
- #13,916
- Dec 8, 2011 7:26am Dec 8, 2011 7:26am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
PA missed my sell limit by 2 pips @1.3460, so I slid 1/2 a position on AUDUSD after seeing futures go negative this morning. Caught it 13 pips from top. Well off to the Dentist office for
- #13,917
- Dec 8, 2011 7:41am Dec 8, 2011 7:41am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
PA missed my sell limit by 2 pips @1.3460, so I slid 1/2 a position on AUDUSD after seeing futures go negative this morning. Caught it 13 pips from top. Well off to the Dentist office for
- #13,918
- Dec 8, 2011 7:45am Dec 8, 2011 7:45am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
I don't care which way the market is going as long as it's going my way
- #13,920
- Dec 8, 2011 7:57am Dec 8, 2011 7:57am
- Joined Jun 2011 | Status: Scratching my head. | 3,578 Posts | Online Now
It probably will for now, but what would a short covering do to that resistance line?
It will probably slice through it like a hot knife through butter.
Inserted Video
Kill the ego, or it will kill the mission.