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  • #665,341
  • Jul 5, 2012 2:26am Jul 5, 2012 2:26am
Quoting KillerWhale
For your convenience
i think it would be safer to wait till after the ecb rates, or sell on the break of the recent low..the AUD trade balance was quite good, it still has a good swap incentive...Gold is still up...we wld need a major bearish sentiment to push this pair down....just my 2cents...

trade wisely
It is possible to make large sums trading, small losses, large wins
  • #665,342
  • Jul 5, 2012 2:29am Jul 5, 2012 2:29am
Quoting forexguru
Perfect for long now 1.2520
for short or long term position taking? any TP?
  • #665,343
  • Jul 5, 2012 2:29am Jul 5, 2012 2:29am
Quoting KillerWhale
Not defined, everything depends on what's coming the rest of the week.
But as long as Gann Hilo 1 hour is above it, I'll stay short.
tell me when it gone above .i'm not using that indicator,thanks
Sometimes it's better to be wrong,to learn..
  • #665,344
  • Jul 5, 2012 2:31am Jul 5, 2012 2:31am
Quoting KiNgEdwarD
tell me when it gone above .i'm not using that indicator,thanks
sorry when go below
Sometimes it's better to be wrong,to learn..
  • #665,345
  • Jul 5, 2012 2:33am Jul 5, 2012 2:33am
Quoting littlemole
I think the opposite, but this isn't a problem this is why forex works
If I watch the EURUSD as a confidence barometer, then a cut rate would be a step to stop the economy slowing, which could bring confidence. Yes I know it can bring inflation, but nothing wrong with that, I fear more the deflation. But for me it is priced-in. And if I look at the spanish yields I dont see the confidence. I think it fall in both case...

agree with that. traditional reactions to things like interest rate are out of the window at the moment. If something is seen as a possible solution to the big problem then it can be recieved positively instead of negatively.

Also, everything is always priced in reality, expectation, hope (for those that use that) etc. which is why often you will hear....

"but the news was good so why did the price go down?"

because expectation is already in.................................

too many factors impacting the currencies at the moment to even stand a chance of getting a sentiment forecast correct.

what I can guarrantee is that the chart has all the guess work taken out of it what you see is what is known/expected.

it does not mean there won't be a reaction but predicting the reaction is extremely difficult even if you know the result in advance
  • #665,346
  • Jul 5, 2012 2:33am Jul 5, 2012 2:33am
Quoting heispark
After some pullback, I'd go short (5M)
Market looks not stable. I'd go away for a while.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #665,347
  • Jul 5, 2012 2:34am Jul 5, 2012 2:34am
Quoting Trader8888
for short or long term position taking? any TP?
The sooner you take profit the more safe. Forex is unpredictable anyway and it depends on you how much risk you want to take. 25 - 30 pips per day will make you about 150 pips per week, 600 pips per month.

Guys who are aiming for more than 30 pips per day usually have big losses and hardly make a profit till the month's end.
  • #665,348
  • Jul 5, 2012 2:34am Jul 5, 2012 2:34am
Quoting KillerWhale
For your convenience
The Gann Indicator is favorable for go short, true?
  • #665,349
  • Jul 5, 2012 2:35am Jul 5, 2012 2:35am
Quoting KiNgEdwarD
sorry when go below
I could be sleeping, it is 12:35 AM in my time zone (PST)
New voice message: Why are you calling me? If I need you, I'll call you!
  • #665,350
  • Jul 5, 2012 2:35am Jul 5, 2012 2:35am
Quoting littlemole
I think the opposite, but this isn't a problem this is why forex works
If I watch the EURUSD as a confidence barometer, then a cut rate would be a step to stop the economy slowing, which could bring confidence. Yes I know it can bring inflation, but nothing wrong with that, I fear more the deflation. But for me it is priced-in. And if I look at the spanish yields I dont see the confidence. I think it fall in both case...
Deflation bad for the EUR? What?! A deflation would only drive the EUR stronger. Why spend when you know your $1 today is going to increase in purchasing power tomorrow?

I think I've said this a long time ago, from a central banker's perspective is that inflation boosts spending and growth by devaluing the currency. People are more inclined to spend when they know their purchasing power is dropping.

A rate cut would have a good positive impact on other risk assets like AUD/CAD/NZD or assets that are used to hedge against inflation like XAU/XAG/WTI.

The EUR dollar? Not good.
  • #665,351
  • Jul 5, 2012 2:36am Jul 5, 2012 2:36am
Quoting KillerWhale
I could be sleeping, it is 12:35 AM in my time zone (PST)
i will close it soon then
Sometimes it's better to be wrong,to learn..
  • #665,352
  • Jul 5, 2012 2:37am Jul 5, 2012 2:37am
Quoting BlueCirrus
Hi all...Looking for 1.2553, then 1.2567....This is the mofu and mid respectively, of the last leg down and it also backtests the triangle breakdown point.

Would look to short this level if H1 does not close above 1.2567, with targets at 1.2440 to 1.2450.

Also looking at the possibility of a triangle forming here on the 15m chart, which would likely limit the upside to the 1.2553 level. If this is the scenario, then we need a "D" leg down to 1.2515 or so, and an "E" leg up to 1.2553.

Good luck...Hope it helps!

OK..."D" leg just completed....53 (or a bit more) to the upside now...
  • #665,353
  • Jul 5, 2012 2:38am Jul 5, 2012 2:38am
Quoting KillerWhale
I could be sleeping, it is 12:35 AM in my time zone (PST)
any way thank you very much for true help
Sometimes it's better to be wrong,to learn..
  • #665,354
  • Jul 5, 2012 2:40am Jul 5, 2012 2:40am
what is the next support to confirm the short?

im shorting since since 12530 and 12535,
  • #665,355
  • Jul 5, 2012 2:41am Jul 5, 2012 2:41am
break or bounce...
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  • #665,356
  • Jul 5, 2012 2:44am Jul 5, 2012 2:44am
Quoting Esssex
Deflation bad for the EUR? What?! A deflation would only drive the EUR stronger. Why spend when you know your $1 today is going to increase in purchasing power tomorrow?

I think I've said this a long time ago, from a central banker's perspective is that inflation boosts spending and growth by devaluing the currency. People are more inclined to spend when they know their purchasing power is dropping.

A rate cut would have a good positive impact on other risk assets like AUD/CAD/NZD or assets that are used to hedge against inflation like XAU/XAG/WTI.

The...
And who wants to see a stronger EUR? This isn't good for this situation (I think about the PIIGS). Devaluing is the only solution and hey I know the meaning of the deflation and I am 100% confident that it isn't good for the economy.
"Study the past if you would define the future." Confucius
  • #665,357
  • Jul 5, 2012 2:44am Jul 5, 2012 2:44am
Quoting Itrade24h
The Gann Indicator is favorable for go short, true?
Not to go short, but to be short
New voice message: Why are you calling me? If I need you, I'll call you!
  • #665,358
  • Jul 5, 2012 2:45am Jul 5, 2012 2:45am
Quoting KillerWhale
Not to go short, but to be short
Shorting you do on the flip, if momentum and MACD are also pointing short.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #665,359
  • Jul 5, 2012 2:47am Jul 5, 2012 2:47am
dont overload your shorts, we are still in range and more up is quite likely
  • #665,360
  • Jul 5, 2012 2:47am Jul 5, 2012 2:47am
Quoting KillerWhale
Not to go short, but to be short
i just loeaded on 1h say buy , 15m sell/remain short , which one u use ?
Mohan
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