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  • #583,501
  • Jan 13, 2012 2:05am Jan 13, 2012 2:05am
Morning guys,

.2873 still holding. This will be an important level to watch today.

Textbook LB being played right now...
Quant Hedge Fund CEO
  • #583,502
  • Jan 13, 2012 2:10am Jan 13, 2012 2:10am
Quoting 21vs7
morning,

same here mate! bit lower...

Up I have atm 1,2921 my big fat mofo which can protect bears there. Still standing firm.
banked half of those piggies at +20...other on BE atm.
  • #583,503
  • Jan 13, 2012 2:10am Jan 13, 2012 2:10am
Quoting MaxDoom
well chap I can see where you are coming from but I would add...

Oscillators give lots of crosses up and down even in a trend and especially in a correction phase but that does not mean the trend is so

Even if the upper TL breaks it still does not make it a bullish trend. Definition of a trend is higher highs or lower lows, so whilst there maybe potential for the daily chart to be bullish it is not at moment.

Now the 4hr and below is different that is definately making a new high but it is still inside the bear channel so could go either...
Thanks MaxDoom, I appreciate it. Inputs only make me a better trader.

For my system, I use three indicators to identify what type of trend we are in.
1) Stochastic Oscillator
2) MACD
3) My 3 MAs

Right now all three indicate bullish trend but UNTIL daily downtrend channel breaks, we are technically still in a downtrend. However, because my stoch and my macd are indicating bullish signals, the percentage of price hitting 1.29 just got higher. Of course, a failure to break this channel may happen in which case I will TP at weekly PP and look for another opportunity.
  • #583,504
  • Jan 13, 2012 2:11am Jan 13, 2012 2:11am
Frankie gave a cloggie setup for 20
  • #583,505
  • Jan 13, 2012 2:12am Jan 13, 2012 2:12am
Fundamental levels (orders, options, technicals),
$1.2940/50 Strong offers/Tech $1.2946 Jan5 high
$1.2920 Medium offers/$1.2918 61.8% $1.3077/1.2662
$1.2900/10 Medium offers
$1.28790/900 Mix of offers and stops
$1.2880 Strong offers (E300mln on offer)
$1.2879 Int.Day high Asia
$1.2870 ***Current mkt rate 0738GMT Friday
$1.2855/50 Medium demand
$1.2825/15 Medium demand
$1.2808 Int.Day low Asia
$1.2800 Medium demand
$1.2790 Stops


ECB deposits another high last night @ 490 bln
  • #583,506
  • Jan 13, 2012 2:22am Jan 13, 2012 2:22am
Quoting MaxDoom
Fundamental levels (orders, options, technicals),
$1.2940/50 Strong offers/Tech $1.2946 Jan5 high
$1.2920 Medium offers/$1.2918 61.8% $1.3077/1.2662
$1.2900/10 Medium offers
$1.28790/900 Mix of offers and stops
$1.2880 Strong offers (E300mln on offer)
$1.2879 Int.Day high Asia
$1.2870 ***Current mkt rate 0738GMT Friday
$1.2855/50 Medium demand
$1.2825/15 Medium demand
$1.2808 Int.Day low Asia
$1.2800 Medium demand
$1.2790 Stops


ECB deposits another...
Nice levels. Thanks for sharing MaxDoom!
  • #583,507
  • Jan 13, 2012 2:23am Jan 13, 2012 2:23am
Quoting MaxDoom
Fundamental levels (orders, options, technicals),
$1.2940/50 Strong offers/Tech $1.2946 Jan5 high
$1.2920 Medium offers/$1.2918 61.8% $1.3077/1.2662
$1.2900/10 Medium offers
$1.28790/900 Mix of offers and stops
$1.2880 Strong offers (E300mln on offer)
$1.2879 Int.Day high Asia
$1.2870 ***Current mkt rate 0738GMT Friday
$1.2855/50 Medium demand
$1.2825/15 Medium demand
$1.2808 Int.Day low Asia
$1.2800 Medium demand
$1.2790 Stops


ECB deposits another high last...
500 million is too strong of an offer to pull it 40 pips higher from there.

any idea whether it will materialize or not?
  • #583,508
  • Jan 13, 2012 2:27am Jan 13, 2012 2:27am
Quoting MaxDoom
Fundamental levels (orders, options, technicals),
$1.2940/50 Strong offers/Tech $1.2946 Jan5 high
$1.2920 Medium offers/$1.2918 61.8% $1.3077/1.2662
$1.2900/10 Medium offers
$1.28790/900 Mix of offers and stops
$1.2880 Strong offers (E300mln on offer)
$1.2879 Int.Day high Asia
$1.2870 ***Current mkt rate 0738GMT Friday
$1.2855/50 Medium demand
$1.2825/15 Medium demand
$1.2808 Int.Day low Asia
$1.2800 Medium demand
$1.2790 Stops


ECB deposits another...
Would not be surprised to see this bought up to 1.2880 and then sold down to 1.2860 for hourly/4hr close.
They think they are smarter than I am.
  • #583,509
  • Jan 13, 2012 2:28am Jan 13, 2012 2:28am
Do we have a professional trader who runs a forex academy who can call trades, some new traders are here who needs trades call to boost their morale in trading..what do everybody thinks..
  • #583,510
  • Jan 13, 2012 2:30am Jan 13, 2012 2:30am
its kind of boring to sit tight and not do anything bcoz of 1.2880
  • #583,511
  • Jan 13, 2012 2:31am Jan 13, 2012 2:31am
Quoting shegzycool4u
Do we have a professional trader who runs a forex academy who can call trades, some new traders are here who needs trades call to boost their morale in trading..what do everybody thinks..
you are including yourself also rite in that list of new traders
  • #583,512
  • Jan 13, 2012 2:32am Jan 13, 2012 2:32am
Quoting StreetGuru
Good morning all!

Already banked a few pips this morning, from 2840 to 2872, a great start after yesterdays miserable performance (was one of those caught shorting around the 1.27... made the good call of closing all with a loss on the us data dip... could have been so much worst!) Recovered a bit shorting from 2830 to 2790 and recovered the rest this morning.

Have a few longs already at 2860, 2865 and 2870 and waiting for another long entry at 2853. SL for all @ 2843 and TP @ 2893.

Green pips everyone!
Going long now are we? I thought with the current fundamentals in EZ, meant that it was going down "to infinity and beyond"!

I assume you will start shorting at 2900 level again.

Good luck!
  • #583,513
  • Jan 13, 2012 2:36am Jan 13, 2012 2:36am
Quoting 21vs7
banked half of those piggies at +20...other on BE atm.
BE

Cant wait to slap this bitch down when she misbehaves again.

coffe
  • #583,514
  • Jan 13, 2012 2:41am Jan 13, 2012 2:41am
Quoting shegzycool4u
Do we have a professional trader who runs a forex academy who can call trades, some new traders are here who needs trades call to boost their morale in trading..what do everybody thinks..
non of the professional trader have time to run academy, if any one run academy mean they could not able to make enough money on trading
Mohan
  • #583,515
  • Jan 13, 2012 2:45am Jan 13, 2012 2:45am
Quoting Nachiket
500 million is too strong of an offer to pull it 40 pips higher from there.

any idea whether it will materialize or not?

rumour is that it is Middle East again same with cable just like yesterday they bought up in the morning sold it later. but who can really tell it is a very grey market place
  • #583,516
  • Jan 13, 2012 2:46am Jan 13, 2012 2:46am
Quoting bbakker
Going long now are we? I thought with the current fundamentals in EZ, meant that it was going down "to infinity and beyond"!

I assume you will start shorting at 2900 level again.

Good luck!
Well, if I'm not open to change my calls as the market moves i would undoubtedly be loosing all the time. It was a great call and ended up closing it at 2792 due to strong support there. Made me recoup some of my earlier losses when i shorted further down. I'm not an expert, I'm learning as i go. My overall feeling, as you well know, is bearish but i do think it has some space to go up today. The daily bearish trendline approaching makes me have all my SL really tight today. An earlier entry got taken out at SL so I'm just sitting and watching were she will move now.
  • #583,517
  • Jan 13, 2012 2:46am Jan 13, 2012 2:46am
Italy Bond Auction To Guide EUR/USD

eyed on result..
Bismillah
  • #583,518
  • Jan 13, 2012 2:47am Jan 13, 2012 2:47am
Quoting MaxDoom
rumour is that it is Middle East again same with cable just like yesterday they bought up in the morning sold it later. but who can really tell it is a very grey market place
damm why do middle east behave against the trend everytime.

I am getting impatient. now thinking of selling it.
  • #583,519
  • Jan 13, 2012 2:51am Jan 13, 2012 2:51am
Quoting Nachiket
damm why do middle east behave against the trend everytime.

I am getting impatient. now thinking of selling it.
you have to wait 4 weeks before make any comment on big buy ,

i have only one doubt do you really trade ?
Mohan
  • #583,520
  • Jan 13, 2012 2:53am Jan 13, 2012 2:53am
Quoting StreetGuru
Well, if I'm not open to change my calls as the market moves i would undoubtedly be loosing all the time. It was a great call and ended up closing it at 2792 due to strong support there. Made me recoup some of my earlier losses when i shorted further down. I'm not an expert, I'm learning as i go. My overall feeling, as you well know, is bearish but i do think it has some space to go up today. The daily bearish trendline approaching makes me have all my SL really tight today. An earlier entry got taken out at SL so I'm just sitting and watching were...
Remember my post? Here is a link for the reminder - http://www.forexfactory.com/showthre...15#post5268315

Before shot -

Attached Image (click to enlarge)
Click to Enlarge Name: EU_Outlook.jpg Size: 148 KB


After shot -

Attached Image (click to enlarge)
Click to Enlarge Name: EU_Outlook_Result.jpg Size: 157 KB


The double bottom on h1 was the entry for my long. Long way to go before beginning of March and there are plenty of places were bears will be coming in (Look at my daily chart for hints!)

Good luck with your trading!
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