Sorry buddy.Well look on the bright side, if you look at the 4hr charts of most majors, one would think the E/U would fall inline in a matter of time if not, into the close of NY. Slowly be surely. At least I hope so.
well my girl just shouted out BINGO as in EUREKA stuck a sell trigger on e/u and has gone out to spend her £5, which is more than i have done lol
Oh of course it is a self fulfilling prophecy, and as such it makes the defense that much easier for the option buyers.
Speaking of self-fulfilling prophecies, you may as well add all technical indicators to the list, coz that's exactly what they are. If nobody used Fibos to choose their entries and exits, then they wouldn't be worth anything. Same applies to MAs, trend lines, Oscillators, harmonic patterns and Price Action. I could be wrong about this, but not likely
guys guys trend line about to breaks on 5m, 15m, 30m ...
MAs also wanting to cross over...
whats your take...it might happen today. UFO is coming down.
You're not as optimistic as I am. I am projecting mid 1.22xx area. Either a retest of 1.2290 or 1.2260. Hey maybe even 1.2240. This projection is for the coming days and into next week. As I said earlier today, for me 1.2500 is the top.
Just to be clear, even if the 1.2500 DNT barrier is touched, I still expect to see the mid to high 1.22xx. Just call it my market intuition. Technicals have nothing to do with it although if I am forced to justify it through TA, I am sure I can.
although my longer raffs are targetting 1.18 .. lets patience.
I am looking at the 4H chart and seeing a raising wedge but the top of the wedge is at 1.2525-35 (100SMA again).
guys guys trend line about to breaks on 5m, 15m, 30m ...
MAs also wanting to cross over...
whats your take...it might happen today. UFO is coming down.
Yes it is due to correct now. It is seriously overbought. The only question now is how much of a correction do we get before another test of the high, which is very likely.
FYI-Don't forget that Facebook investors can sell shares as "lockup' this Thursday. Early investors and a handful of directors will become eligible Thursday to sell stock they own in the social networking company. This has the potential to influence the equities market thus spilling over to FX market. Just something else to look at for tomorrow.
I also don't understand why these morons still think the Fed is going to activate QE3 when in fact it will be very hard to justify it to Congress when the Equity market continues to grind higher....
Everyone (or at least the remaining ones) is hyped up over CB intervention in the markets. The Fed has trained the market so well that it responds to the slight hint of liquidity injection, even when they know the chances are low.
It's like the instinctive response of a dog when it hears the faint sound of a dog food bag opening or the sound of a can opener. The dog immediately starts drooling/salivating.
http://findavet.us/wp-content/upload...rdrooling2.jpg
Well said.
Adding to any shorts here? I had a sell limit @ 2487 just missed.
2510/20 is the next supply area imo, from back in July.
Adding to any shorts here? I had a sell limit @ 2487 just missed.
2510/20 is the next supply area imo, from back in July.
