Price is everything | Page 1288 | Forex Factory

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Price is everything

  • #25,741
  • Dec 20, 2011 7:11am Dec 20, 2011 7:11am
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loaded scalp to uptl
  • #25,742
  • Dec 20, 2011 7:18am Dec 20, 2011 7:18am
second touch into supply
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  • #25,743
  • Dec 20, 2011 7:22am Dec 20, 2011 7:22am
Quoting Dorobantu
the fuck is this.. reversed for absolutely no reason at all
Attachment
It was testing the spike. You should be safe now.
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  • #25,744
  • Dec 20, 2011 7:29am Dec 20, 2011 7:29am
sold aud @ retest to days high @ 0.99964


manual stuff for now
  • #25,745
  • Dec 20, 2011 7:33am Dec 20, 2011 7:33am
Quoting redsword11
sold aud @ retest to days high @ 0.99964


manual stuff for now
stopped out,
reentered again
Rien ne sert de courir il faut partir à point.
  • #25,746
  • Dec 20, 2011 7:33am Dec 20, 2011 7:33am
Quoting MitchWorse
It was testing the spike. You should be safe now.
Don't know about it.. looks like usd index breaking demand on 1h and eur index forming a cluster on 1h at a supply level, should keep a close eye on it
  • #25,747
  • Dec 20, 2011 7:38am Dec 20, 2011 7:38am
Quoting Dorobantu
the fuck is this.. reversed for absolutely no reason at all
Attachment
Not at all. At its most basic, EU has 20 pip moves and GU has 30 pip moves or multiples thereof. It bounced ~20 pips from the high made this morning.
  • #25,748
  • Dec 20, 2011 7:45am Dec 20, 2011 7:45am
REversed EU, AU after stopped out.
Rien ne sert de courir il faut partir à point.
  • #25,749
  • Dec 20, 2011 7:50am Dec 20, 2011 7:50am
Quoting flytox
REversed EU, AU after stopped out.
EU 2 pos averaged @ 1.31035
AU 1 pos 1.00143
DX leading M5 demand @ 79.5000
Rien ne sert de courir il faut partir à point.
  • #25,750
  • Dec 20, 2011 7:53am Dec 20, 2011 7:53am
Quoting Dorobantu
Don't know about it.. looks like usd index breaking demand on 1h and eur index forming a cluster on 1h at a supply level, should keep a close eye on it
stopped hit.. so hard, the euro spikes in correlation to further us positive data

it makes a lot of fucking sense to me ill stop trading this euro bullshit pair
  • #25,751
  • Dec 20, 2011 7:55am Dec 20, 2011 7:55am
Quoting flytox
EU 2 pos averaged @ 1.31035
AU 1 pos 1.00143
DX leading M5 demand @ 79.5000
Out all,
quickie but worth it.
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Rien ne sert de courir il faut partir à point.
  • #25,752
  • Dec 20, 2011 7:59am Dec 20, 2011 7:59am
dealers movin stops out bullshit...thin mkts....???
  • #25,753
  • Dec 20, 2011 8:01am Dec 20, 2011 8:01am
Quoting flytox
Out all,
quickie but worth it.
I decided to reverse for long after the BO of the dotted lines and DX running south ahead on M5.
Rien ne sert de courir il faut partir à point.
  • #25,754
  • Dec 20, 2011 8:05am Dec 20, 2011 8:05am
majors approaching round numbers. should break through.
  • #25,755
  • Dec 20, 2011 8:06am Dec 20, 2011 8:06am
Quoting Atc
dealers movin stops out bullshit...thin mkts....???
Thin markets, US positive data, risk on and a nice short squeeze.

Look at h4 on EU for a nice fresh level for shorts between 1.316x-1.321x with a down sloping trendline for confluence. Another 50 pip surge today would be a excellent place to short. 1.32 would be a good place to put an order in, but the only thing going against it, is the spike to 1.3240.

(Wrap on knuckles for not providing a chart, but I do not have the time to post one as I am @work)
  • #25,756
  • Dec 20, 2011 8:09am Dec 20, 2011 8:09am
Quoting bbakker
Thin markets, US positive data, risk on and a nice short squeeze.

Look at h4 on EU for a nice fresh level for shorts between 1.316x-1.321x with a down sloping trendline for confluence. Another 50 pip surge today would be a excellent place to short.

(Wrap on knuckles for not providing a chart, but I do not have the time to post one as I am @work)
Yep I dream of a strong locked upper for next year.
Rien ne sert de courir il faut partir à point.
  • #25,757
  • Dec 20, 2011 8:09am Dec 20, 2011 8:09am
dx
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  • #25,758
  • Dec 20, 2011 8:10am Dec 20, 2011 8:10am
Quoting bbakker
Thin markets, US positive data, risk on and a nice short squeeze.

Look at h4 on EU for a nice fresh level for shorts between 1.316x-1.321x with a down sloping trendline for confluence. Another 50 pip surge today would be a excellent place to short.

(Wrap on knuckles for not providing a chart, but I do not have the time to post one as I am @work)
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  • #25,759
  • Dec 20, 2011 8:17am Dec 20, 2011 8:17am
Quoting Dorobantu
stopped hit.. so hard, the euro spikes in correlation to further us positive data

it makes a lot of fucking sense to me ill stop trading this euro bullshit pair
EURO is behaving from what I can see. We were deep in weekly demand, so no wonder we have a bounce from here. Look at the hourly, no new LL, but HL and indication that bulls were in control in the short-term.

Also look at DIX, we were in daily supply and therefore price has to move away from this supply, some of which has been consumed now, and now price is trying to find a good demand level to attack the same supply level again.

What is BS is the constant Euro news or lack of a plan to fix the debt. Forget the news and look at the charts.

Bears will eventually take over again, but at a higher price, whether that is 1.32 or 1.35, they should come in again anywhere in between... lol

Also the short squeeze means bears are liquidating some of their positions, driving price higher! Price needs to take a breather at certain points in its journey.

Ever in doubt, go to the higher timeframes and analyse price action and structure. Goliath will always beat David. Enough chat from me now as this is not the place for it.

P.S. Thanks for posting the chart for me! You also have previous support turns to possible resistance line at 1.3210.
  • #25,760
  • Dec 20, 2011 8:23am Dec 20, 2011 8:23am
Dorubantu, not positive data of any kind. Fundamentals do not translate into data releases that's a huge mistake to make

It comes down to supply and demand sometimes, just like with charts. There was lots of demand for Spanish debt and in the thinning markets it was all that was needed.

Not that it's necessary at all to know fundamentals, because the institutions have informational insight we couldn't hope to have access too. Good thing those bastards can't hide their orders to us SD traders
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