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  • #4,921
  • Aug 8, 2012 9:42pm Aug 8, 2012 9:42pm
Quoting DaddyBear
Are you talking about the shooting star?

Technically, it's not a shooting star since it didn't gap, no?
Play the players, not the cards.
  • #4,922
  • Aug 8, 2012 9:52pm Aug 8, 2012 9:52pm
Quoting GnarlyPips
Technically, it's not a shooting star since it didn't gap, no?
http://www.investopedia.com/terms/s/shootingstar.asp#axzz231ODB8Nl

If you wanna get technical, investopedia says it not because it actually closed green. No gap needed though.
  • #4,923
  • Aug 8, 2012 9:53pm Aug 8, 2012 9:53pm
Quoting irfandbl
1.0602 - 10617 area is a very thick one, going to be tough to break IMO
that's what she said...if anything be looking to touch 0744
  • #4,924
  • Aug 8, 2012 9:54pm Aug 8, 2012 9:54pm
Quoting SemperOorah
http://www.investopedia.com/terms/s/shootingstar.asp#axzz231ODB8Nl

If you wanna get technical, investopedia says it not because it actually closed green. No gap needed though.

I don't see where it say so and the picture shows a gap.
Play the players, not the cards.
  • #4,925
  • Aug 8, 2012 9:56pm Aug 8, 2012 9:56pm
Quoting GnarlyPips
I don't see where it say so and the picture shows a gap.
LOL fail on not noticing the gap, was looking at the low. But the definition says closing price must be lower than opening.
  • #4,926
  • Aug 8, 2012 10:00pm Aug 8, 2012 10:00pm
Quoting SemperOorah
LOL fail on not noticing the gap, was looking at the low. But the definition says closing price must be lower than opening.
That is a conservative view. No gap is required. The shooting star is defined by its form and conformed by the candle on each side.
daddybearforex. com
  • #4,927
  • Aug 8, 2012 10:25pm Aug 8, 2012 10:25pm
Quoting forexmy
Put the bears in their cages getting ready for bile extraction. )
Finally, the Bear was released from the cage and taking a shower ....
Attached Image (click to enlarge)
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daddybearforex. com
  • #4,928
  • Aug 8, 2012 10:32pm Aug 8, 2012 10:32pm
GMT EventVol.ActualConsensusPrevious
AUG 09
05:30CNCNYIndustrial Production (YoY) (Jul)29.2%9.8%9.5%
05:30CNCNYRetail Sales (YoY) (Jul)213.1%13.7%13.7%
05:30CNCNYUrban investment (YTD) (YoY) (Jul)120.4%20.5%20.4%
  • #4,929
  • Aug 8, 2012 10:33pm Aug 8, 2012 10:33pm
nice 10pips drop to 592
Hopefully this overvalued piece of shit currency goes down for real
In trading, you have to be defensive and aggressive at the same time
  • #4,930
  • Aug 8, 2012 10:39pm Aug 8, 2012 10:39pm
it slowed down temporary its bull steam. given a nice position to short as well. offers here may hold for awhile, frankie open may give volume so don't be surprise it may surge or fall very suddenly in the first few minutes. DAX and CAC should open firmer/higher as what we see on Sp500

1.0612 area is what we have.

my mentioned 1 hour chart ytd.

morning it propel from 1.0555 area. now it's lying on 1.0560-70 area [ The trendline ]. only a crash below 1.0560 can end this bullish momentum from it's gear 5 to lower gear before having the real chance to go into reverse mode lol..
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  • #4,931
  • Aug 8, 2012 10:42pm Aug 8, 2012 10:42pm
Scaled in some more shorts from 1.0600 - 1.0608. (Using the scale-in method more and more BTW, great help in catching tops/bottoms while limiting risk.)

If the momentum is reversed here I'm looking at profit taking at 1.0560 then 1.0540. Once again, I believe a breach of 1.0540 will set the bear off in full retard strength.
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  • #4,932
  • Aug 8, 2012 10:43pm Aug 8, 2012 10:43pm
Quoting 5percent
it slowed down temporary its bull steam. given a nice position to short as well. offers here may hold for awhile, frankie open may give volume so don't be surprise it may surge or fall very suddenly in the first few minutes. DAX and CAC should open firmer/higher as what we see on Sp500

1.0612 area is what we have.

my mentioned 1 hour chart ytd.

morning it propel from 1.0555 area. now it's lying on 1.0560-70 area [ The trendline ]. only a crash below 1.0560 can end this bullish momentum from it's gear 5 to lower gear before having the real chance...
China numbers don't look good.I think Sell off is beginning to foster.
I got 3 shorts may add more later.
almost 20pip drop
In trading, you have to be defensive and aggressive at the same time
  • #4,933
  • Aug 8, 2012 10:48pm Aug 8, 2012 10:48pm
IFR...


USD/AXJ firmer following weaker than exp China & India industrial output data
Whilst moves in Asia tentative a bigger reaction is expected in offshore markets
Commodities will come under pressure in London which will weigh on AUD et al
Low end of China's economy not seen yet which will bring out the China bears
@thomsonreuters.com
  • #4,934
  • Aug 8, 2012 10:55pm Aug 8, 2012 10:55pm
Quoting payal
IFR...


USD/AXJ firmer following weaker than exp China & India industrial output data
Whilst moves in Asia tentative a bigger reaction is expected in offshore markets
Commodities will come under pressure in London which will weigh on AUD et al
Low end of China's economy not seen yet which will bring out the China bears
@thomsonreuters.com
I am salivating
http://reddragonleo.com/wp-content/u...n-elevator.jpg
In trading, you have to be defensive and aggressive at the same time
  • #4,935
  • Aug 8, 2012 11:02pm Aug 8, 2012 11:02pm
Quoting Davit
I am salivating
http://reddragonleo.com/wp-content/u...n-elevator.jpg
Nice one there.

Let's see if the 530 support gives way before London close.
  • #4,936
  • Aug 8, 2012 11:03pm Aug 8, 2012 11:03pm
Quoting DaddyBear
O.K. Attention all lurkers! Please come to join us.
Requesting permission to tag along, Sir
  • #4,937
  • Aug 8, 2012 11:05pm Aug 8, 2012 11:05pm
OoOoO
Attached Image
  • #4,938
  • Aug 8, 2012 11:07pm Aug 8, 2012 11:07pm
Quoting DaddyBear
Finally, the Bear was released from the cage and taking a shower ....
LOOK LIKE will be in cage again
Sometimes it's better to be wrong,to learn..
  • #4,939
  • Aug 8, 2012 11:09pm Aug 8, 2012 11:09pm
Quoting n00b
Requesting permission to tag along, Sir
Welcome n00b! Your request has been approved. Sir DB
daddybearforex. com
  • #4,940
  • Aug 8, 2012 11:12pm Aug 8, 2012 11:12pm
Gidday traders

Been out all day talking people into buying all sorts of shit that they really don't need.
Now I need to make some money this week,since I lost most of it yesterday
I have closed out longs just before it dropped down,at least something is working out for a change.
Down Good
Up Bad
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