IT'S ALL ,,,,
Only money in the bank count
- #654,903
- Jun 11, 2012 8:00am Jun 11, 2012 8:00am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #654,906
- Jun 11, 2012 8:04am Jun 11, 2012 8:04am
- | Joined Dec 2011 | Status: Trader | 2,927 Posts
swing it!
- #654,907
- Jun 11, 2012 8:05am Jun 11, 2012 8:05am
let me tell u something. the gap has never touch't start level. it was close , but didn't hit. it wass in a hurry to turn north, after ssatisfying closing gap rule.
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IT'S ALL ,,,,
Only money in the bank count
- #654,908
- Jun 11, 2012 8:06am Jun 11, 2012 8:06am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
Risky entry Natchi but good luck
thanks tom. i need your blessings for this trade.
- #654,909
- Jun 11, 2012 8:07am Jun 11, 2012 8:07am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
well ..locked all my short profit at 1.25800 if she gets there and knocks them out,then am calling it a day but if not and we still manage some hrly close below 1.25437 then am still adding short no5..cheers
Imanuel Parsifal
- #654,911
- Jun 11, 2012 8:08am Jun 11, 2012 8:08am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
well ..locked all my short profit at 1.25800 if she gets there and knocks them out,then am calling it a day but if not and we still manage some hrly close below 1.25437 then am still adding short no5..cheers
- #654,912
- Jun 11, 2012 8:09am Jun 11, 2012 8:09am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #654,913
- Jun 11, 2012 8:11am Jun 11, 2012 8:11am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #654,915
- Jun 11, 2012 8:11am Jun 11, 2012 8:11am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
Looks like we have our bottom for the day, but NY opening will provide further direction.
who can tell eh!
but lets look at recent facts using the hourly chart....
The move down today represents about a 38% retracement of the move up from 1st June 1.228x to the latest top 1.266x.
A 38% retrace is a possible turning point if it is merely a correction but they do have a habit of ending between 38% and 62% and therefore it is right on the beginning of that zone.
A correction normally has at least three phases ABC to its structure and we whilst it is possible that the short drop and rise above 1.26 represents AB and we are now on C it is unlikey.
So probability for me suggests that we are currently on B of the ABC and I would expect that to be contained under 1.26 for a push lower towards 1.243x.
My game plan therefore is as follows:
1. a break of the high 1.266x invalidates the correction and the move up from 1.228x continues.
2. a turn (preferably below 1.26) to test lower targeting 1.248x then 1.243x. I would sell the turn or a break below the current todays low.
- #654,917
- Jun 11, 2012 8:12am Jun 11, 2012 8:12am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #654,918
- Jun 11, 2012 8:12am Jun 11, 2012 8:12am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #654,920
- Jun 11, 2012 8:13am Jun 11, 2012 8:13am
What is with this continuous barrage of utterly unfounded, and pointless comments. a 30 pip move up after a 100+ move downwards means nothing in and of itself. There are numerous posts around, describing the psychology of moves in both directions (a really good one somewhere on FF). There is no perfect storm in forex or any other market. nothing ever goes down/up forever, and along the way there are always people who are looking to pick a turning point.
Do you think the people buying at 1253x are buying as they suddenly think at this price the...
and then u can tell me all abbout it . and i had like 3-4 oppinions. just like enyone here. with arguments that i consider right. problems?
IT'S ALL ,,,,
Only money in the bank count