Patience! an hourly close below 1.3184 please.
- #574,042
- Dec 13, 2011 7:40am Dec 13, 2011 7:40am
with the news in 5 mins and ben speaking this morning i think we may have a test of 1.3145. I am long at 1.3172 and will keep it open unless i have a 1hr close below 1.3145 im more inclined to believe we will go up to at least the psychological level of 1.3333 before i will look at price action and consider shorting (heavily) again. Either way good luck to all and safe M/M
Why is that a psychological level?
entry - 1.29250
s/l 200 pips
- #574,043
- Dec 13, 2011 7:41am Dec 13, 2011 7:41am
- | Joined Jul 2011 | Status: Jesus is the way. | 1,450 Posts
y but when you change your numbers you are supose to take the old ones off the chart
Don't just beat the markets, leave bruises.
- #574,044
- Dec 13, 2011 7:41am Dec 13, 2011 7:41am
- | Membership Revoked | Joined Aug 2011 | 1,123 Posts
y but when you change your numbers you are supose to take the old ones off the chart
- #574,045
- Dec 13, 2011 7:42am Dec 13, 2011 7:42am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #574,046
- Dec 13, 2011 7:43am Dec 13, 2011 7:43am
- | Joined Jul 2011 | Status: Jesus is the way. | 1,450 Posts
psychological level of 1.3333
Why is that a psychological level?
examples: 1.5555. 1.6000, 1.0000. They're psych levels.
Don't just beat the markets, leave bruises.
- #574,048
- Dec 13, 2011 7:47am Dec 13, 2011 7:47am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #574,049
- Dec 13, 2011 7:47am Dec 13, 2011 7:47am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
don't be surprised how old numbers come in handy in the time of distress. When everything seems blurred.
I see what you mean.... in the fog there is rescue
- #574,053
- Dec 13, 2011 7:51am Dec 13, 2011 7:51am
it's right there in front of you mate. The series of 3s makes it psychological.
examples: 1.5555. 1.6000, 1.0000. They're psych levels.
entry - 1.29250
s/l 200 pips
- #574,054
- Dec 13, 2011 7:52am Dec 13, 2011 7:52am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #574,055
- Dec 13, 2011 7:52am Dec 13, 2011 7:52am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #574,057
- Dec 13, 2011 7:54am Dec 13, 2011 7:54am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
it's right there in front of you mate. The series of 3s makes it psychological.
examples: 1.5555. 1.6000, 1.0000. They're psych levels.
"Pippin aint easy"
- #574,059
- Dec 13, 2011 7:55am Dec 13, 2011 7:55am
- | Joined Jul 2011 | Status: Jesus is the way. | 1,450 Posts
If you'd ask me, I'll say there's not enough shorts to break those spectacular lows. But there's every reason to be short. Out of three determinants today, two are already pointing down. Gonna chill to take my short on the third. For what it's worth, here's my day:
1. The german zew and Euro sentiment came out in the green. Good for the euro economy which makes investors wanna buy stocks indirectly selling the euro. EURO DOWN.
2. The US retail sales and core retail sales came in red at a surprise and investors would want to take off risk in their positions and collect back their money indirectly buying the bucks. DOLLAR UP.
3. With professional traders aware of the direction of the fiber, all they need is get in their shorts at wholesale prices. That shouldn't be hard once the reports from the FOMC is received.
Don't ask me what will happen, just know if 3145 stays in tact before FOMC, 3258 & 3281 will be your best bet. How you bet on it, is not my business.
Just my own simple opinion. In life, nothing is sure, and so is price action.
1. The german zew and Euro sentiment came out in the green. Good for the euro economy which makes investors wanna buy stocks indirectly selling the euro. EURO DOWN.
2. The US retail sales and core retail sales came in red at a surprise and investors would want to take off risk in their positions and collect back their money indirectly buying the bucks. DOLLAR UP.
3. With professional traders aware of the direction of the fiber, all they need is get in their shorts at wholesale prices. That shouldn't be hard once the reports from the FOMC is received.
Don't ask me what will happen, just know if 3145 stays in tact before FOMC, 3258 & 3281 will be your best bet. How you bet on it, is not my business.
Just my own simple opinion. In life, nothing is sure, and so is price action.
Don't just beat the markets, leave bruises.