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  • #10,781
  • Feb 8, 2012 4:29am Feb 8, 2012 4:29am
Quoting T@rantula
Nothing much is happening now except some very limited pullbacks. Today Greek leaders will meet again so we can expect more volatility in the afternoon.

If u made 20-40 pips today stop trading now, relax and wait for momentum push. I have exploited 2 swings to the upside and my strategy so far today has been buying the dips or limited pullbacks.

If the market is waiting for afternoon Greek politicians meeting, we may dip to 3240-20 before next move.
13.00h GMT
Don't get mad, get even!
  • #10,782
  • Feb 8, 2012 4:38am Feb 8, 2012 4:38am
Short this because of multi diversions on Stock and CCI on various time frames..also cause of daily resistance points.. will post chart of daily
Attached Image (click to enlarge)
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  • #10,783
  • Edited 5:24am Feb 8, 2012 4:51am | Edited 5:24am
Cable daily..possible diversions on Stock and CCI.. 50% resistance and ext 1.618..just above current hi.. also weeklly fibo pivot resistance..which i have found reliable is .618%1.5926 and 50% 1.5900also month pivot resistance 15948.. which ties in with the 50% and 1.618.. at 15950..
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  • #10,784
  • Feb 8, 2012 5:03am Feb 8, 2012 5:03am
Something came across my desk so I thought I would mention it here for Mr T and the Den:

10.53am: We now know why today's crucial meeting has been delayed (as reported at 10.42am).
The reason, it appears, is that Georgios Karatzaferis, who heads the populist Laos party in the ruling coalition, has still not received a translation of the draft agreement in Greek.
As we reported yesterday, Karatzaferis's command of English doesn't match George Papandreou, the socialist party leader and Antonis Samaras of New Democracy. Unlike that pair, the former boxer-turned-politician was not schooled in an Ivy league college in the US.
A senior government source told Helena Smith in Athens:
They say the transalation won't be ready until 2 PM (12 GMT).

(Source :http://www.guardian.co.uk/business/2...ne-crisis-live)


Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,785
  • Feb 8, 2012 5:08am Feb 8, 2012 5:08am
Cable 30 min .. just closed for good earn..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 170 KB
  • #10,786
  • Feb 8, 2012 5:23am Feb 8, 2012 5:23am
Quoting danc
Cable 30 min .. just closed for good earn..
Hi Danc,

Excellent Before and after trade posting very proffesional not just random profitable trade posting.

Well done on your cable trade

Regards

BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,787
  • Feb 8, 2012 5:27am Feb 8, 2012 5:27am
Thanks BW... from u thats a wrap..
  • #10,788
  • Feb 8, 2012 7:17am Feb 8, 2012 7:17am
Hi guys,

I have a little bit of time on my hands as market is not moving.
Here is what I am looking at on Higher TF. I kept it simple - there are many intermediate levels I will consider, including fibo.

Break of the neckline (1.3285) should bring a 500-600pips push up.This is calculated from the low to the next line (first blue arrow) and added to the break of the next line (second blue arrow).

I'm expecting some strong Res around 1.34 and then in the 1.37 area. We could see an extension to 1.38 and then may be continuation...

My plan is to close some of my longs around 1.338 and then buy any dips...
I will let the one from 1.3060 running all the way.
Any thoughts welcome.
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  • #10,789
  • Feb 8, 2012 7:25am Feb 8, 2012 7:25am
Here you go nice and simple
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Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,790
  • Feb 8, 2012 7:41am Feb 8, 2012 7:41am
Very nice indeed.
Quoting BlackWid0w
Here you go nice and simple
  • #10,791
  • Edited 8:41am Feb 8, 2012 8:17am | Edited 8:41am
Quoting BlackWid0w
Here you go nice and simple
Fake Break out to the topside : Loss =-15
Took the bpc trade to downside: @ 273 SL at be currently +15

Lets see what happens from here onwards

Regards BW

Out for +27 target 245 and reversed
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,792
  • Feb 8, 2012 8:18am Feb 8, 2012 8:18am
Hey guys, just came back, what i see is nice charts, examples ands some trades, brun , danc, Bw...

Nice indeed.

Looking at the charts this is just what i thought it would be. Range play. Calm before the storm. The decision once proclaimed will move the market. If it comes as expected for Greece, we can see 3320+. Until then 3240 -20 is possible.

Attached Image
  • #10,793
  • Feb 8, 2012 8:25am Feb 8, 2012 8:25am
Quoting stulic
Hi everyone!

Been wrong yesterday with cable, might be wrong today again but can't help myself but expect a top formation soon and a trend reversal.
Divergences on higher TF's and fundamentals, also previous rising support TL now acts as resistance... a lot of shorts getting squeezed but I don't expect a try to conquer $1.60 this week.

We'll see, I'm just slowly loading shorts, will only add more if reversal is confirmed.
Getting greedy here with cable only 160 pips combined, will start trailing 5927 short with 40 pips, still holding Aussie long though, 42 up.
GBP/AUD back at 100+ pips...
Market in love with me today.


FTSE 100 paired all gains today btw.
Attached Image (click to enlarge)
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Don't get mad, get even!
  • #10,794
  • Feb 8, 2012 8:29am Feb 8, 2012 8:29am
They are expecting a decision by 3pm GMT
Quoting T@rantula
Hey guys, just came back, what i see is nice charts, examples ands some trades, brun , danc, Bw...

Nice indeed.

Looking at the charts this is just what i thought it would be. Range play. Calm before the storm. The decision once proclaimed will move the market. If it comes as expected for Greece, we can see 3320+. Until then 3240 -20 is possible.

Attachment
  • #10,795
  • Feb 8, 2012 8:30am Feb 8, 2012 8:30am
Quoting stulic
Getting greedy here with cable only 160 pips combined, will start trailing 5927 short with 40 pips, still holding Aussie long though, 42 up.
GBP/AUD back at 100+ pips...
Market in love with me today.


FTSE 100 paired all gains today btw.
Well done Stulic, risky but brave enough!
  • #10,796
  • Feb 8, 2012 8:34am Feb 8, 2012 8:34am
Quoting BrunargarFx
They are expecting a decision by 3pm GMT
Ill be waiting, flat until then. And...I will wait to see the reaction. If the news is good. I will enter on the first swing, that is retracement after initial breakout. Same for downside.
  • #10,797
  • Feb 8, 2012 8:39am Feb 8, 2012 8:39am
Cheers, EUR/GBP forming a possible bullflag on M5. Might finally be a sign of increased Sterling weakness ahead of tomorrows QE announcement.

Getting increasingly hard to manage trailing stops and take decisions to collect profits, gonna waste a lot of pips here...
Don't get mad, get even!
  • #10,798
  • Feb 8, 2012 8:41am Feb 8, 2012 8:41am
Quoting stulic
Cheers, EUR/GBP forming a possible bullflag on M5. Might finally be a sign of increased Sterling weakness ahead of tomorrows QE announcement.

Getting increasingly hard to manage trailing stops and take decisions to collect profits, gonna waste a lot of pips here...
Just collect the profits Leave the trailing for another time.
  • #10,799
  • Feb 8, 2012 8:42am Feb 8, 2012 8:42am
Hi T@rantula:

I still cant see this thing going much further up. My own median line says that once it breaks below the blue line, then it has sufficient momentum to drop to the lower red line, and once it does that, then it has broken off the weak part of the shown circle. Then it wont come back, and will drop lower clearing 3025 and below.

Its barely holding up to the inside of the circle, which at many times it means that it doesnt have sufficient momentum to go upwards. My experience has been that it will break downwards, simply because if it was going to sustain that level, it should have gone upwards very close to the centerline of the circle.
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  • #10,800
  • Edited 8:54am Feb 8, 2012 8:43am | Edited 8:54am
Quoting BlackWid0w
Fake Break out to the topside : Loss =-15
Took the bpc trade to downside: @ 273 SL at be currently +15

Lets see what happens from here onwards

Regards BW

Out for +27 target 245 and reversed
My Target on reversal is 75 which is the lower TL of Triangle
Attached Image (click to enlarge)
Click to Enlarge Name: Current long trade.jpg Size: 17 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
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