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  • #628,581
  • Apr 19, 2012 7:01am Apr 19, 2012 7:01am
By looking at consolidation range on 4hr and how easily it went through, i guess some funds and hedges made U-Turn
They think they are smarter than I am.
  • #628,582
  • Apr 19, 2012 7:02am Apr 19, 2012 7:02am
Quoting QuadrupleX
So what is exactely your call clog?

test of 3092 will give us a consolidation 3074-3092 for a bit here. That fits in with what the Spreads and the Bunds are doing right now. DAX bounced of the earlier mentioned 6686, that is worth watching here to judge the money flow for those that don't have bunds/spread prices.


May well hold till the news.
  • #628,583
  • Apr 19, 2012 7:03am Apr 19, 2012 7:03am
Quoting cloggie
test of 3092 will give us a consolidation 3074-3092 for a bit here. That fits in with what the Spreads and the Bunds are doing right now. DAX bounced of the earlier mentioned 6686, that is worth watching here to judge the money flow for those that don't have bunds/spread prices.


May well hold till the news.
What about 3035?
  • #628,584
  • Apr 19, 2012 7:06am Apr 19, 2012 7:06am
Quoting QuadrupleX
What about 3035?

3074 is holding so we need to form a top, 3092 is that top, with a touch there we are going to consolidate, 3035 is not possible as long as this range is forming here, we need to pick up orders to get us through that 3074, it is defended pretty heavily.

That's why I kept going on about 3074 for the last 5 pages, that is the key, has been and still is, we need a second key here that is 3092, those two will form a range, that will be the key for the next move.

IF the big boys jump into the Bund wagon, 3074 is not going to hold. If that 6686 on DAX is holding and the BUnd top is holding 3092 will be the driver for the consolidation phase.

So unless you scalp, there is nothing to trade here on this pair.
  • #628,585
  • Apr 19, 2012 7:07am Apr 19, 2012 7:07am
in l @ 3084 sl 74
  • #628,586
  • Apr 19, 2012 7:07am Apr 19, 2012 7:07am
Quoting cloggie
3074 is holding so we need to form a top, 3092 is that top, with a touch there we are going to consolidate, 3035 is not possible as long as this range is forming here, we need to pick up orders to get us through that 3074, it is defended pretty heavily.

That's why I kept going on about 3074 for the last 5 pages, that is the key, has been and still is, we need a second key here that is 3092, those two will form a range, that will be the key for the next move.

IF the big boys jump into the Bund wagon, 3074 is not going to hold. If that 6686...
LOL! I see! If it does not go up it goes down.
  • #628,587
  • Apr 19, 2012 7:08am Apr 19, 2012 7:08am
Quoting cloggie
test of 3092 will give us a consolidation 3074-3092 for a bit here. That fits in with what the Spreads and the Bunds are doing right now. DAX bounced of the earlier mentioned 6686, that is worth watching here to judge the money flow for those that don't have bunds/spread prices.


May well hold till the news.
why dax and not ftse or cac or whatever? germany as a center of europe and it's service based ideology?
  • #628,588
  • Apr 19, 2012 7:09am Apr 19, 2012 7:09am
Quoting SnaveForex
in l @ 3084 sl 74

There is no long, there is no range yet, no pattern, no test, no fakeout, no retest, not even a consolidation here.

Taking a long at 3084 is a punt, a gamble, a cointoss, no legit reason to take the trade, not from a tech level, not from a fundy level.

You are longing a mid range consolidation area that hasn't formed yet.
  • #628,589
  • Apr 19, 2012 7:09am Apr 19, 2012 7:09am
Quoting cloggie
3074 is holding so we need to form a top, 3092 is that top, with a touch there we are going to consolidate, 3035 is not possible as long as this range is forming here, we need to pick up orders to get us through that 3074, it is defended pretty heavily.

That's why I kept going on about 3074 for the last 5 pages, that is the key, has been and still is, we need a second key here that is 3092, those two will form a range, that will be the key for the next move.

IF the big boys jump into the Bund wagon, 3074 is not going to hold. If that 6686...
You are GENIUS! Thanks ...
  • #628,590
  • Apr 19, 2012 7:09am Apr 19, 2012 7:09am
cloggie may i ask what's your broker. your key levels and mine differ 1-2.5 pips
  • #628,591
  • Apr 19, 2012 7:09am Apr 19, 2012 7:09am
Quoting 853efx
why dax and not ftse or cac or whatever? germany as a center of europe and it's service based ideology?

DAX because we are euro driven, caused by peripheral spreads, that focuses traders on safety, the safehaven in Europe are Bunds, that is reflected in the DAX.
  • #628,592
  • Apr 19, 2012 7:10am Apr 19, 2012 7:10am
Quoting Fx-gtg
cloggie may i ask what's your broker. your key levels and mine differ 1-2.5 pips

1-2 pips means nothing in the grand scheme of things, if you are worried about 1-2 pips, you are focusing on the wrong things.
  • #628,593
  • Apr 19, 2012 7:11am Apr 19, 2012 7:11am
Quoting cloggie
DAX because we are euro driven, caused by peripheral spreads, that focuses traders on safety, the safehaven in Europe are Bunds, that is reflected in the DAX.
kk
  • #628,594
  • Apr 19, 2012 7:11am Apr 19, 2012 7:11am
And here is my 3092, as promised.
  • #628,595
  • Apr 19, 2012 7:12am Apr 19, 2012 7:12am
Hello sir, What do you think about this news impect "Unemployment Claims" ???
  • #628,596
  • Apr 19, 2012 7:12am Apr 19, 2012 7:12am
Quoting cloggie
And here is my 3092, as promised.
Really? I'm still waiting for the sure fall to 3035.
  • #628,597
  • Apr 19, 2012 7:12am Apr 19, 2012 7:12am
Quoting cloggie
3074 is holding so we need to form a top, 3092 is that top, with a touch there we are going to consolidate, 3035 is not possible as long as this range is forming here, we need to pick up orders to get us through that 3074, it is defended pretty heavily.

That's why I kept going on about 3074 for the last 5 pages, that is the key, has been and still is, we need a second key here that is 3092, those two will form a range, that will be the key for the next move.

IF the big boys jump into the Bund wagon, 3074 is not going to hold. If that 6686 on...

Wow just wow!

I dont see how bears are done but a retrace to 1.31 is not impossible! However, am not sorry about closing shorts at .800!
  • #628,598
  • Apr 19, 2012 7:13am Apr 19, 2012 7:13am
Quoting cloggie
And here is my 3092, as promised.
Spot on http://www.forexfactory.com/images/icons/icon14.gif
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #628,599
  • Apr 19, 2012 7:13am Apr 19, 2012 7:13am
Quoting cloggie
Eyes on 3092

To the pip, so that's 3074 taken care of and 3092 taken care of.

See, EU is well behaved, there isn't a lot of rocketscience to it.
  • #628,600
  • Apr 19, 2012 7:14am Apr 19, 2012 7:14am
Quoting cloggie
And here is my 3092, as promised.
exactly
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