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  • #4,921
  • Aug 8, 2012 11:42pm Aug 8, 2012 11:42pm
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 11:52pm Aug 8, 2012 11:52pm
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 11:53pm Aug 8, 2012 11:53pm
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 11:54pm Aug 8, 2012 11:54pm
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 11:56pm Aug 8, 2012 11:56pm
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 9, 2012 12:00am Aug 9, 2012 12:00am
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 9, 2012 12:25am Aug 9, 2012 12:25am
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 9, 2012 12:32am Aug 9, 2012 12:32am
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 9, 2012 12:33am Aug 9, 2012 12:33am
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 9, 2012 12:39am Aug 9, 2012 12:39am
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 9, 2012 12:42am Aug 9, 2012 12:42am
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 9, 2012 12:43am Aug 9, 2012 12:43am
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 9, 2012 12:48am Aug 9, 2012 12:48am
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 9, 2012 12:55am Aug 9, 2012 12:55am
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 9, 2012 1:02am Aug 9, 2012 1:02am
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 9, 2012 1:03am Aug 9, 2012 1:03am
Quoting DaddyBear
O.K. Attention all lurkers! Please come to join us.
Requesting permission to tag along, Sir
  • #4,937
  • Aug 9, 2012 1:05am Aug 9, 2012 1:05am
OoOoO
Attached Image
  • #4,938
  • Aug 9, 2012 1:07am Aug 9, 2012 1:07am
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 9, 2012 1:09am Aug 9, 2012 1:09am
Quoting n00b
Requesting permission to tag along, Sir
Welcome n00b! Your request has been approved. Sir DB
daddybearforex. com
  • #4,940
  • Aug 9, 2012 1:12am Aug 9, 2012 1:12am
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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