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  • #590,861
  • Feb 2, 2012 1:45am Feb 2, 2012 1:45am
Look like EU still uptrend.. but dont want to take risk to post at the moment.
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  • #590,862
  • Feb 2, 2012 1:45am Feb 2, 2012 1:45am
the euro will continue up today, it formed a double bottom at 1.3160 and 1.3165 subsequently.

We have to look at what is going on in the markets today, in order to really understand the market mechanics, although i really do not know shit, nor any one else for that matter as the market is not predictable but there are certain clues that the market gives us.

We all know the euro is in the shit bin correct, and we know that the precedent of Greek default would potentially trigger broader economic chaos we also know that the Bundesbank, ECB, FED, have all been at it trying to inject liquidity and prop up the EZ, we can tell that these big player would trump us little ants.

The Greek talks continue to offer potential for PSI and ECB to take the haircuts so, with the BOJ and the SNB lurking in the waters ready to intervene i believe shot the euro is not so smart.the euro goes up today, otherwise we must see it re testing 1.3050, which seems unlikely, right now long and looking for targets above above 1.32
AVT INVENIAM VIAM AVT FACIAM
  • #590,863
  • Feb 2, 2012 1:52am Feb 2, 2012 1:52am
Quoting mohan76
what happen to franky ?


edit : equity gaining EU holding

edit2 :franky couldn't make it mind 20 mins 5 pip range

edit3 : finally 10 pip tp hit one of the longest franky trade
Franky opens in 10 minutes ??
I mean the pre-Franky fake-out didn't seem very fake... that still doesn't make it Franky
  • #590,864
  • Feb 2, 2012 1:59am Feb 2, 2012 1:59am
this is a 4h chart.do u think this a beginning of downward channel.
  • #590,865
  • Feb 2, 2012 2:00am Feb 2, 2012 2:00am
I see a pennant formation on 1h... let's see which direction will be taken in london opening
  • #590,866
  • Feb 2, 2012 2:00am Feb 2, 2012 2:00am
AND they're off!
  • #590,867
  • Feb 2, 2012 2:01am Feb 2, 2012 2:01am
this is a 4h chart.do u think this a beginning of downward channel.
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  • #590,868
  • Feb 2, 2012 2:02am Feb 2, 2012 2:02am
Quoting Sti
Franky opens in 10 minutes ??
I mean the pre-Franky fake-out didn't seem very fake... that still doesn't make it Franky
London just open , pre-market called as franky

dax already 0.5% up eu ranging
Mohan
  • #590,869
  • Feb 2, 2012 2:02am Feb 2, 2012 2:02am
Quoting millelire
I see a pennant formation on 1h... let's see which direction will be taken in london opening
i think it will go downward
  • #590,870
  • Feb 2, 2012 2:02am Feb 2, 2012 2:02am
Quoting Karthunk
Selling stalled at 1.3163 and price went to 1.3146 and bounced.

Current trades: bought at 1.3146 (PSR) sold half positions at 1.3189 (+43 pips), everything else is +1. Overall target 1.3235.

Looking for a retrace to 1.3172 (.618 fib) to enter more buy positions to overall target 1.3235.

Current 240 trend is UP; sell with caution.
All positions held from 1.3146 exited at 1.3189.

Bought on 1.3172 all positions +1, target is still 1.3235; caution! 1.3235 is a major turning point!

Current 240 trend is UP; sell with caution.
Trade like a banker, trade to targets.
  • #590,871
  • Feb 2, 2012 2:03am Feb 2, 2012 2:03am
we're still on the descendant tl... maybe they coul reload a bit and trying to get it higher... but all imo
  • #590,872
  • Feb 2, 2012 2:12am Feb 2, 2012 2:12am
The break of 1.3145 will be serious if they can pull it off on the sell.

1.3129 is the next stall point for the sell.
Trade like a banker, trade to targets.
  • #590,873
  • Feb 2, 2012 2:13am Feb 2, 2012 2:13am
Quoting KiwiTrada
Yep watching swissy 91 61 is holding these bricks up, hoping pa move before frankie, I have no risk on table, crude doing nice, au nice all other girls in tight squeeze, all 4hr just now was nice long scalp, possible trade au physc 0700 so far 20+, dont want her much higher
seems we break through 9161 barrier...
all ladies falling when london starts....
Patience, Emotion Control and Discipline.
  • #590,874
  • Feb 2, 2012 2:17am Feb 2, 2012 2:17am
nevermind was waiting for her n the other to fall
  • #590,875
  • Feb 2, 2012 2:20am Feb 2, 2012 2:20am
Quoting simwee_1312
nevermind was waiting for her n the other to fall
Just a cascade of entry orders being hit with the reversal being the dollar index hitting a top.
Trade like a banker, trade to targets.
  • #590,876
  • Feb 2, 2012 2:23am Feb 2, 2012 2:23am
Quoting Karthunk
The break of 1.3145 will be serious if they can pull it off on the sell.

1.3129 is the next stall point for the sell.
i have day pivot point 1.3135
  • #590,877
  • Feb 2, 2012 2:24am Feb 2, 2012 2:24am
i sold at 1.3165 where should i TP ?
  • #590,878
  • Feb 2, 2012 2:26am Feb 2, 2012 2:26am
Bond yields continue to fall.... to get an idea of how good that PMI data was received yesterday, Spain's 10 yr traded at a lower level than it had all of 2011.

Current sell off because no Greek debt deal yet likely.
  • #590,879
  • Feb 2, 2012 2:27am Feb 2, 2012 2:27am
Quoting chess king
i have day pivot point 1.3135
Can't really call mine just a pivot point because there is more math involved in it but I have 1.3129.

1.3129 was a PSR and a bunch of 240 fibs, but they blew right through it.
Trade like a banker, trade to targets.
  • #590,880
  • Feb 2, 2012 2:30am Feb 2, 2012 2:30am
Hard testing my SL long. Entered yesterday at 1.3159 with sl at 1.3127 .. Well, long till the last pip is played, but odds turning against me.

In case it holds and breaks up, we'll see about it then but at least a retry of the previous top for partial profit
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