If ask a silly question.. forgive me!i'm just confused again!
- #34,882
- Jun 7, 2012 7:26am Jun 7, 2012 7:26am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
Until early this morning, I had a sell limit at 1.2618
I moved it up to 1.2667 because it made more sense for a few reasons
1. 1.2667 is the 38.2% fibo of the move down from 1st May high
2. The E/U typical daily range is 100 to 130 pips. 1.26 falls short of that range. 1.2670 is more like it.
3. Equity markets will be bullish today... no doubt about it. That's USD negative until we know what Benny is going to say.
4. The next significant supply zone is 1.2660/1.2680 area
5. A move to 1.2670 area today will create a bearish Hidden Divergence on...
So many things to remember, and you are right about the 100-130 pip daily range. I definitely need to keep that in mind, kind of like dynamic support and resistance. Price can only change so much in one day. Although when we got QE1, we saw 200 pips green everyday.
An opportunity lost is not a capital cost.
- #34,884
- Jun 7, 2012 7:32am Jun 7, 2012 7:32am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #34,886
- Jun 7, 2012 7:36am Jun 7, 2012 7:36am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
Good idea afos, but you'll have to manage it as I've got other things cooking today.
Ask for everyone's vote and keep track of it. I suggest a cut-off time 15 minutes before Benny starts testifying.
my vote is 1.2677
1.2666
only if benny hints of QE, i say he disappoints, or he hints at it today and then disappoints on the 20th, but i only say that because my mentor does
my mentors tweets, lol
Can Weimar Ben deliver the goods? Day shaping up, so far, buy rumor sell fact
Out of long EURJPY at 100.21- first algo exhaustion level.
An opportunity lost is not a capital cost.
- #34,890
- Jun 7, 2012 7:42am Jun 7, 2012 7:42am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
Love me a bearish engulfing pattern on 5m, 15m g doji,
PA is bearish seems to be turning bearish now, but they do love to paint charts now don't they
PA is bearish seems to be turning bearish now, but they do love to paint charts now don't they
An opportunity lost is not a capital cost.
- #34,891
- Jun 7, 2012 7:47am Jun 7, 2012 7:47am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Oh sure just use R2 on the number.
1.2666
only if benny hints of QE, i say he disappoints, or he hints at it today and then disappoints on the 20th, but i only say that because my mentor does
my mentors tweets, lol
Can Weimar Ben deliver the goods? Day shaping up, so far, buy rumor sell fact
Out of long EURJPY at 100.21- first algo exhaustion level.
I agree it's buy the rumor sell the news. So the market will buy the rumor till R2 and sell the news till Daily pivot... provided he disappoints today.
If you want to watch his testimony, go here at 14:00 GMT (15:00 London, 10:00 New York) --> http://www.c-span.org/Live-Video/C-SPAN3/
Those who say it cannot be done should not interrupt those who are doing it
- #34,892
- Jun 7, 2012 7:52am Jun 7, 2012 7:52am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #34,893
- Jun 7, 2012 7:55am Jun 7, 2012 7:55am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
The R levels tend to be magnetic.
I agree it's buy the rumor sell the news. So the market will buy the rumor till R2 and sell the news till Daily pivot... provided he disappoints today.
If you want to watch his testimony, go here at 14:00 GMT (15:00 London, 10:00 New York) --> http://www.c-span.org/Live-Video/C-SPAN3/
thank you
An opportunity lost is not a capital cost.
- #34,894
- Jun 7, 2012 7:58am Jun 7, 2012 7:58am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
An opportunity lost is not a capital cost.
- #34,895
- Jun 7, 2012 8:01am Jun 7, 2012 8:01am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
What up guys. Listen up. The up trend could be done at 1.2605 or maybe one more high to 1.2610.
If this happen these are the paths:
1. Down to the hell if this is a simple ABC correction
2. Return around 1.2575/60 and then higher.
- If this not happen a big pop up could happen @ (1.26/1.261), but the market should keep in slow motion before that.
PD: I recovered 3/4 of I lost yesterday in long pound yen
Good Luck Everyone
If this happen these are the paths:
1. Down to the hell if this is a simple ABC correction
2. Return around 1.2575/60 and then higher.
- If this not happen a big pop up could happen @ (1.26/1.261), but the market should keep in slow motion before that.
PD: I recovered 3/4 of I lost yesterday in long pound yen
Good Luck Everyone
Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,896
- Jun 7, 2012 8:24am Jun 7, 2012 8:24am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
What up guys. Listen up. The up trend could be done at 1.2605 or maybe one more high to 1.2610.
If this happen these are the paths:
1. Down to the hell if this is a simple ABC correction
2. Return around 1.2575/60 and then higher.
- If this not happen a big pop up could happen @ (1.26/1.261), but the market should keep in slow motion before that.
PD: I recovered 3/4 of I lost yesterday in long pound yen
Good Luck Everyone
An opportunity lost is not a capital cost.
- #34,897
- Jun 7, 2012 8:26am Jun 7, 2012 8:26am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #34,898
- Jun 7, 2012 8:26am Jun 7, 2012 8:26am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
An opportunity lost is not a capital cost.
- #34,900
- Edited 8:38am Jun 7, 2012 8:27am | Edited 8:38am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own. 