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  • #99,161
  • Jun 29, 2012 8:54am Jun 29, 2012 8:54am
Quoting Gleneagles
here
oh my
  • #99,162
  • Jun 29, 2012 8:54am Jun 29, 2012 8:54am
Quoting gatorinla
does it taste like chicken?

lol.....it taste just like the real thing...i mean like....you know??
" Never let the past hold the future to ransom "
  • #99,163
  • Jun 29, 2012 8:57am Jun 29, 2012 8:57am
Michigan consumer sentiment low.
those who can, do. those who cant, talk about those who can
  • #99,164
  • Jun 29, 2012 8:58am Jun 29, 2012 8:58am
Quoting gatorinla
i wanted to s scalp 2688 but chickend out
pussy
those who can, do. those who cant, talk about those who can
  • #99,165
  • Jun 29, 2012 9:01am Jun 29, 2012 9:01am
Quoting gatorinla
what about today?
I am flat across the board, don't see any other potential trades. In the euro? most prolly scenario given Q/M/W rolls is chop zone for a close around 1.266x / 1.263x. 2nd option is a clean swept to 1.281x after London close with stock going wild on risk on. A drop in one go to 1.258x marginally open as 3rd option....

IMO, stocks are in full control for the US session and risk on, plus ECB rate cuts plus TA reversal (continuation up) is a powerful combination to track ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #99,166
  • Jun 29, 2012 9:09am Jun 29, 2012 9:09am
lol.. nice move..

few things happened here:

still it's a D/W/Q closing Zone.. and books balancing time..

as I warned 3 days ago. higher TF are very clear.. Divergences were built all across, indicating a reversal

i took a clear signal 2 days ago.. and got stopped on first reaction, I lost half of my earned pips.. but the setup was clear and I took it again and am going to play every single time I see the same..

Im still in in Gold and EUR.. I was expecting a push, but this is way over I expected.. Anyways, sometimes shit happens one way or another..

[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold top.gif Size: 46 KB
Click to Enlarge Name: gold top2.gif Size: 52 KB
  • #99,167
  • Jun 29, 2012 9:35am Jun 29, 2012 9:35am
As the Hanson bros would say from Slapshot. putting on the foil, Real money aka Bears Euro and Bulls $ are putting some money to work last night and today me thinks GL
"Millionaires don't use astrology, billionaires do"
  • #99,168
  • Jun 29, 2012 9:37am Jun 29, 2012 9:37am
Quoting Piters
lol.. nice move..

few things happened here:

still it's a D/W/Q closing Zone.. and books balancing time..

as I warned 3 days ago. higher TF are very clear.. Divergences were built all across, indicating a reversal

i took a clear signal 2 days ago.. and got stopped on first reaction, I lost half of my earned pips.. but the setup was clear and I took it again and am going to play every single time I see the same..

Im still in in Gold and EUR.. I was expecting a push, but this is way over I expected.. Anyways, sometimes shit...
Watch-out for Gold mate. Risk out of the equation, ECB "helping" the FED on the free money this time means QE3 will fade by the minute. A Q close below 1600.xx will trigger also TA all early alarms to the downside too... IMO, Not so clear in gold yet...I am 100% sidelined there ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #99,169
  • Jun 29, 2012 9:42am Jun 29, 2012 9:42am
thanks Piters and sisse..........

had to work for that but you know the wait was worth it last night


http://25.media.tumblr.com/tumblr_m6...7xwvo1_500.jpg
  • #99,170
  • Jun 29, 2012 9:45am Jun 29, 2012 9:45am
Quoting Fudomyo
yep.

as you know we had similar outlook. EU behaved very nicely.

I was going to hold longer for my last level touch but need to take care of other stuff so exiting all here.

was a good day.
great job mate.. happy to see you took that bastard ..
  • #99,171
  • Edited 10:20am Jun 29, 2012 10:01am | Edited 10:20am
Quoting sisse
Watch-out for Gold mate. Risk out of the equation, ECB "helping" the FED on the free money this time means QE3 will fade by the minute. A Q close below 1600.xx will trigger also TA all early alarms to the downside too... IMO, Not so clear in gold yet...I am 100% sidelined there ...

sisse
posted today .. [when replying to KEN..]

this move is CarbonCopy to last EU summit.. if you go back from 4th Oct 2011, we had same situation:

DOOM news
Market panic
New Low
EU 6-day summit
some golden BS solution found
EU saved,
Market reaction? = same, spike in asia, and keep going for few more days.. with ridiculous ATR.

What I believe in is a balance.. action and reaction..

GOLD is a different story, sure we have to monitor US and FED plays..they rule the market.. but there are few factors more built in GOLD price and every single one is important..

I have a good positions here.. will try to manage as we go..

10x for feedback
  • #99,172
  • Jun 29, 2012 10:31am Jun 29, 2012 10:31am
Quoting sisse
I am flat across the board, don't see any other potential trades. In the euro? most prolly scenario given Q/M/W rolls is chop zone for a close around 1.266x / 1.263x. 2nd option is a clean swept to 1.281x after London close with stock going wild on risk on. A drop in one go to 1.258x marginally open as 3rd option....

IMO, stocks are in full control for the US session and risk on, plus ECB rate cuts plus TA reversal (continuation up) is a powerful combination to track ....

sisse
i took a s .. that last pop 2689. atm.. this is also the same way a bear would setup across the board with metals and currencies. bulls dont want 2621.. come get my 3 pips.. if not i am on vacation
those who can, do. those who cant, talk about those who can
  • #99,173
  • Jun 29, 2012 10:33am Jun 29, 2012 10:33am
Quoting Piters
posted today .. [when replying to KEN..]

this move is CarbonCopy to last EU summit.. if you go back from 4th Oct 2011, we had same situation:

DOOM news
Market panic
New Low
EU 6-day summit
some golden BS solution found
EU saved,
Market reaction? = same, spike in asia, and keep going for few more days.. with ridiculous ATR.

What I believe in is a balance.. action and reaction..

GOLD is a different story, really we have to monitor US and FED plays.. There are few factors built in GOLD price and every single one is important..

I...
Sure i see the similarities, especially in charts. but I don't think they are the same.

On the knee jerk reaction on risk on, yes you are right but:

FA wise we are not remotely close to oct 2011.

 

  1. Now. US is back on "track" not before. QE is almost out of any equation after O. Twst.
  2. Europe was coughing, now is in confirmed recession/stagnation.
  3. Trichets was in and rates were .50% higher. Now is Draghi with ecb cuts to negative rates around the corner.
  4. Inflation concerns in germany were still (unnecessary high), now we are below forecast.

Spain was in, now is out

TA wise.

 

  1. If you pay attention to detail, Both times at these levels (2008 panic on Lehman, etc) and after on debt part crisis part I, both rejection on QE1 and EZ summit were rejection of swing lows (reversals), this so far is just a swing low (pullback) confirmed with todays rolls combo.
  2. Also both tests were still without trends (HH but LL) obviously in the context of major TFs (Q and M charts).


My point is, that sure knee jerk reactions were the same especially after 20 summits when everybody in the world is expecting a glimmer of hope or at least a good kick of the can. However, and as I said to Gator before enjoy the knee jerk reaction but don't let the similarities and the party mode blur what is going on for the next weeks....

Rates in play without short term risk in the Equation can trigger a whole different map....we havent been there before in this pair despite the similar charts so until then....

Sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #99,174
  • Jun 29, 2012 10:36am Jun 29, 2012 10:36am
Quoting Geppy

Still holding my USD/JPY longs, but that's all I'm carrying now.
Alright, just ditched these suckers... going into the weekend flat. Decent week!
check out my blog: forexmademillionaire dot com
  • #99,175
  • Jun 29, 2012 10:37am Jun 29, 2012 10:37am
Quoting gatorinla
i wanted to s scalp 2688 but chickend out
s 2689.. watching.. 3 pip stop.. each 3 pips is =to 1/2% to my account
those who can, do. those who cant, talk about those who can
  • #99,176
  • Jun 29, 2012 10:52am Jun 29, 2012 10:52am
Quoting sisse
Sure i see the similarities, especially in charts. but I don't think they are the same.

On the knee jerk reaction on risk on, yes you are right but:

FA wise we are not remotely close to oct 2011.
[list=1][*]Now. US is back on "track" not before. QE is almost out of any equation after O. Twst.
[*]Europe was coughing, now is in confirmed recession/stagnation.
[*]Trichets was in and rates were .50% higher. Now is Draghi with ecb cuts to negative rates around the corner.
[*]Inflation concerns in germany were still (unnecessary...
yup.. I agree here with you.. we are probably going to see some follow up in next few days.. but in general the picture is messy.. few factors are not still clear..Germany, Bonds, and rates

Germany left the summit very un-happy. and Germany have the veto power too.. We'll see what's next.. We saw the same scenario all over again every time since... Anyway next week looks very interesting..

trading:
Usually with a good setup, i keep my trades open 2-3 days.. but most of the time Iam closing within the same day..

10x mate.. !
  • #99,177
  • Jun 29, 2012 10:53am Jun 29, 2012 10:53am
micro managing.. 2675 may be a small top atm.. mid last baby leg. if it get 2657 now.. i will be targeting 2626 min. but may close some for a retest of 2675 after 2657
those who can, do. those who cant, talk about those who can
  • #99,178
  • Jun 29, 2012 10:59am Jun 29, 2012 10:59am
Quoting Piters
mate., signs are all over teh place..

OIL..? different storry, charts are saying that the whole drop from USD100, is a pure BS.. such a bullish Daily div. I havent seen for a while..
Same applies to Gold a nice hidden on daily too..

I am not saying that this is the turning point.. [I dont predict] but IF it is.. then is a nice and huge one.. :nerd:

P
posted just 46H ago..


Are you kidding me.. ??

CL #F is up 5.85% .. [too bad Im not trading OIL..]
  • #99,179
  • Jun 29, 2012 11:00am Jun 29, 2012 11:00am
Quoting gatorinla
micro managing.. 2675 may be a small top atm.. mid last baby leg. if it get 2657 now.. i will be targeting 2626 min. but may close some for a retest of 2675 after 2657
change 56 2621/22
those who can, do. those who cant, talk about those who can
  • #99,180
  • Jun 29, 2012 11:01am Jun 29, 2012 11:01am
stops to 2680
those who can, do. those who cant, talk about those who can
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