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  • #45,561
  • Jan 6, 2012 6:08am Jan 6, 2012 6:08am
M15 shows how well Tenkan Sen (here @ 2811) often corresponds to S/R.
Ichimoku currently flat, with slight bullish favor atm.

M30 kumo thickness illustrates some enduring reisistance up to 1.2857, but who would not have guessed that. earlier price was rejected at lower kumo line (yellow elipse)

thick orange: area of january 2011 low
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  • #45,562
  • Jan 6, 2012 6:08am Jan 6, 2012 6:08am
Quoting 2046
will be interesting to see how much is already priced in from previous days
how much of what is priced in?

definitely the threat of a sharp, short-covering rally hanging over it, if it can't take out support convincingly...
  • #45,563
  • Jan 6, 2012 6:10am Jan 6, 2012 6:10am
Quoting 2046
M15 shows how well Tenkan Sen (here @ 2811) often corresponds to S/R.
Ichimoku currently flat, with slight bullish favor atm.

M30 kumo thickness illustrates some enduring reisistance up to 1.2857, but who would not have guessed that. earlier price was rejected at lower kumo line (yellow elipse)

thick orange: area of january 2011 low
nice charts although ichimoku is not really my bag...
  • #45,564
  • Jan 6, 2012 6:20am Jan 6, 2012 6:20am
Quoting FibbinArchie
nice charts although ichimoku is not really my bag...
seems noones bag here, but has served me well over several yrs.
  • #45,565
  • Jan 6, 2012 6:22am Jan 6, 2012 6:22am
Quoting 2046
seems noones bag here, but has served me well over several yrs.
tried it once, but it just seemed to obscure the candles, for me anyway...

i dunno, i just like to have the pertinent information stand out clearly on the chart, but then many people say that my charts are messy, each to their own i guess...
  • #45,566
  • Jan 6, 2012 6:30am Jan 6, 2012 6:30am
kinda empty? thought it would be crawling with bastards...
dreams do come true.
  • #45,567
  • Jan 6, 2012 6:33am Jan 6, 2012 6:33am
Quoting wannaberich
kinda empty? thought it would be crawling with bastards...
give it an hour...
  • #45,568
  • Jan 6, 2012 6:45am Jan 6, 2012 6:45am
that's a bad sign...

Quoting FibbinArchie
give it an hour...
dreams do come true.
  • #45,569
  • Jan 6, 2012 6:47am Jan 6, 2012 6:47am
Quoting wannaberich
that's a bad sign...
so your long entry is where their stops get triggered...

only joking, or am i??
  • #45,570
  • Jan 6, 2012 7:09am Jan 6, 2012 7:09am
SIMPLE CLEAR...
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MY OPINION NOT FINANCIAL ADVISE
  • #45,571
  • Jan 6, 2012 7:14am Jan 6, 2012 7:14am
Some cheerful news..

http://www.reuters.com/article/2012/...me=usDollarRpt
  • #45,572
  • Jan 6, 2012 7:23am Jan 6, 2012 7:23am
Nothing interesting for NFP and only limit entries possible for tight targets and stops.

In line with expectations or slightly better is my call. For that scenario 1.271x is open with max overshoot 1.268x on a break 1.277x.

The other playable option is NFP less than expected with a flat unemployment for a move to 1.281x and 1.285x max targets with a limit on the rejection of H4 lows with reports....

All other cases, are not tradable in my books.

Nothing juicy except on a massive overshoot on expectations...

GL all in NFP

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #45,573
  • Jan 6, 2012 7:29am Jan 6, 2012 7:29am
Hello and Good Luck today to all! I will let price tell me what to do too..

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  • #45,574
  • Jan 6, 2012 7:41am Jan 6, 2012 7:41am
what gives you 271 sisse?
  • #45,575
  • Jan 6, 2012 7:46am Jan 6, 2012 7:46am
Quoting 2046
what gives you 271 sisse?
Key Monthly/Weekly Support mate...

It bounced too fast without hitting my target with the momentum move...clearing manually 1st target 1.271x (@1.273x) trailling rest in case NY is in the mood...don't expect a lot more as we are in exhaustion levels trading inside key support .....targets....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #45,576
  • Jan 6, 2012 7:58am Jan 6, 2012 7:58am
pretty big difference from forecast, nfp volatility ain't what it used to be, still early mind...

biggish murray level @ 695 maybe good for a decent bounce if and when, also has layered support from my lellow channel line currently about 20 below there...

making a meal of ds1 atm...
  • #45,577
  • Jan 6, 2012 8:07am Jan 6, 2012 8:07am
i want it considerably lower for a position long trade (unlikely before the weekend unless this springboards before london close), lets c...

just scalping for now...

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  • #45,578
  • Jan 6, 2012 8:09am Jan 6, 2012 8:09am
Quoting FibbinArchie
pretty big difference from forecast, nfp volatility ain't what it used to be, still early mind...

biggish murray level @ 695 maybe good for a decent bounce if and when, also has layered support from my lellow channel line currently about 20 below there..
Solid number. It just confirmed the good numbers in the last months. US economy made a U turn at the end of Q3. Numbers have been consistently turning around and this NFP just confirmed those v strong ADP and last NFP numbers. We only have one indicator left: Housing (is flirting but need a strong number later this month) which was the 1st to turn down in the 2008 financial crisis and probably the last to pick up.....,

Only Europe holding bull territory now. In my books, macro FA is ready, but risk and TA are still holding stock markets... We'll see, but as soon (and if) Europe find a short term bottom we can see a very decent rally in stocks.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #45,579
  • Jan 6, 2012 8:10am Jan 6, 2012 8:10am
dont lose 2749 or 2771
those who can, do. those who cant, talk about those who can
  • #45,580
  • Jan 6, 2012 8:11am Jan 6, 2012 8:11am
Quoting sisse
Solid number. It just confirmed the good numbers in the last months. US economy made a U turn at the end of Q3. Numbers have been consistently turning around and this NFP just confirmed those v strong ADP and last NFP numbers. We only have one indicator left: Housing (is flirting but need a strong number later this month) which was the 1st to turn down in the 2008 financial crisis and probably the last to pick up.....,

Only Europe holding bull territory now. In my books, macro FA is ready, but risk and TA are still holding stock markets... We'll...
yap, usd been on the march since they canned qe3, which was one of the main reasons it has been so weak through 2010/11...

just popped back above 750, could get interesting...

also what with us elections coming up, expecting the economic gloom to be massaged away, whether perceived or in reality...
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