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  • #1,841
  • Aug 22, 2012 2:03pm Aug 22, 2012 2:03pm
Quoting FXMindset
we still have room for upside @ D1
With London and NY hold up above the DP was clearly give us a hint for breaking up on TA Side for today
If we have 30M closed below 1.2517 then long for intraday is close today because we might have a minor correction @ 1.247/8
Looking for long again on tomorrow for intraday play

Crassius Nice long
Just take a look and stay above,we might have continues bull again if 1.2539 taken out


GL
If there was easy money lying around,no one would be forcing it into your
  • #1,842
  • Aug 22, 2012 2:04pm Aug 22, 2012 2:04pm
Quoting Crassius
Order to take 1/2 off at 1.2538... stops trailed up to BE
Just closed half at 1.2534 .... I need some in the bank before we head into the night.... This move from 1.2300 is getting long in the tooth... 1.2566 is the lower elliot wave measured objective.
  • #1,843
  • Aug 22, 2012 2:11pm Aug 22, 2012 2:11pm
Quoting FXMindset
we still have room for upside @ D1
With London and NY hold up above the DP was clearly give us a hint for breaking up on TA Side for today
If we have 30M/Hourly closed below 1.2517 then long for intraday is close today because we might have a minor correction @ 1.247/8
Looking for long again on tomorrow for intraday play

Crassius Nice long

Depends on what time frame you are trading --- we have scope all the way to 1.2750, highest measured elliot wave objective, if you like holding positions overnight...

I'm a day trader... I get in and hopefully out with 1/3rd of the move each day as an objective.... No positions on over night if possible...

Nothing wrong with playing either way.... we all find what works for us. I use to trade the four hour chart and never got any sleep...

I catch enough to make a nice profit in a hit and run manner.... and sleep like a baby with no positions on... or at least SL at BE.

So yeah, you're right.... this move could go to 1.2750.... but it'll most likely have a nice retrace or two to allow me to re-enter and pick up some more...
  • #1,844
  • Aug 22, 2012 2:18pm Aug 22, 2012 2:18pm
Quoting Crassius
Depends on what time frame you are trading --- we have scope all the way to 1.2750, highest measured elliot wave objective, if you like holding positions overnight...

I'm a day trader... I get in and hopefully out with 1/3rd of the move each day as an objective.... No positions on over night if possible...

Nothing wrong with playing either way.... we all find what works for us. I use to trade the four hour chart and never got any sleep...

I catch enough to make a nice profit in a hit and run manner.... and sleep like a baby with no positions...
Since am more day trader,I dont use any elliot,only some chart pattern on D1 and my projection high on 1.26 above,not more than 1.27 on longterm channel

Unless the first 3 wave was formed on D1 around 1.3485 one and "If" Its valid then 1.27-1.28 is very possible

Overall,I dont have any problem with Bear or Bull

For me,as long not sidelines

But,If the D1 all's formation is confirmed & Valid then am will swing hard by scale every positions..as this is the way to makes big money aka Jesse Livermore Method

Lets see


Sleeping time,see ya


Night
If there was easy money lying around,no one would be forcing it into your
  • #1,845
  • Aug 22, 2012 2:19pm Aug 22, 2012 2:19pm
Quoting FXMindset

Crassius Nice long

Thanks

Buy stops are not my preferred way of getting in... I like buying cheap or selling dear... but with that option barrier it was obvious we'd get some movement if it were to break....
  • #1,846
  • Aug 22, 2012 3:00pm Aug 22, 2012 3:00pm
Quoting jezek5
S&P at 1405,the first point of interest,want to see how
it reacts to this level.

Good positive reaction at 1405,but for me it needs to close above 1417
to open things up for the next leg up,it could go straight up but some backing and filling would be good.
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You can remain irrational longer than you can remain solvent.
  • #1,847
  • Aug 22, 2012 3:43pm Aug 22, 2012 3:43pm
3 up days in a row,never easy to make 4.
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You can remain irrational longer than you can remain solvent.
  • #1,848
  • Aug 22, 2012 9:46pm Aug 22, 2012 9:46pm
Quoting jezek5
3 up days in a row,never easy to make 4.
what do you think of this long term view of gold.

http://www.forexfactory.com/search.p...rchuser=235713

everyone please be kind...still learning...

here's what i see

blue is support and pink is resistance
green upper tl is resistance breaking this will bring us to 1670, 1680, 1700, 1710, 1780, 1800

from aug 2011 til now we have bounced on support and resistance levels as shown on chart.

can you withstand the wait to get back to THESE level.
Attached Thumbnails http://www.forexfactory.com/attachme...1&d=1345687849
You can also see a inverse HS with neckline at 1790 and top shoulder is 1550...huge drop if this happens.
pink as shoulders and light blue as head.
it kinda makes sense as if hopium deflates it should go down again...then new usa president mandate by feb will give qe3...let us see.
Attached Thumbnails http://www.forexfactory.com/attachme...1&d=1345689651
Wooooohooooo or Boooooohooooo
  • #1,849
  • Aug 23, 2012 3:06am Aug 23, 2012 3:06am
Breaking and close below 1.2253 might open 1.25 zone below again for possible breathing before resume another HH

Looking for long again at that zone for delicious Bull around NY Open
Attached Image (click to enlarge)
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If there was easy money lying around,no one would be forcing it into your
  • #1,850
  • Aug 23, 2012 3:08am Aug 23, 2012 3:08am
Quoting gnomoneey
what do you think of this long term view of gold.

http://www.forexfactory.com/search.p...rchuser=235713

everyone please be kind...still learning...

here's what i see

blue is support and pink is resistance
green upper tl is resistance breaking this will bring us to 1670, 1680, 1700, 1710, 1780, 1800

from aug 2011 til now we have bounced on support and resistance levels as shown on chart.

can you withstand the wait to get back to THESE level.
Attached Thumbnails...
Hello Buddy,

You might try seek a guide with Mr.Kang Gun which always appear at paris van java thread,he analyze with a very nice and clear chart on Gold


GL
If there was easy money lying around,no one would be forcing it into your
  • #1,851
  • Aug 23, 2012 3:20am Aug 23, 2012 3:20am
Quoting Crassius
Order to take 1/2 off at 1.2538... stops trailed up to BE

2nd half stopped out at 1.2548.
  • #1,852
  • Aug 23, 2012 3:38am Aug 23, 2012 3:38am
Quoting Crassius
Just closed half at 1.2534 .... I need some in the bank before we head into the night.... This move from 1.2300 is getting long in the tooth... 1.2566 is the lower elliot wave measured objective.

Isn't it convenient that the lower Elliot wave measured objective is exactly where R1 lies to day...
  • #1,853
  • Aug 23, 2012 3:57am Aug 23, 2012 3:57am
Wonder the Orange TL valid or not,we might know today
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If there was easy money lying around,no one would be forcing it into your
  • #1,854
  • Aug 23, 2012 6:06am Aug 23, 2012 6:06am
FED's Bullard on CNBC the next two hours. He is a non voting member, but he has just started out walking back the dovish language from yesterday that sparked the rally that took out the option barrier at 1.2500.

Traders took the FED statement as QE coming much sooner thanhe has intimated so far... He will talk for the next 2 hours so, we'll have to watch market reaction....

May spark sell off
  • #1,855
  • Aug 23, 2012 6:20am Aug 23, 2012 6:20am
S&P didn't like his comments. A wave of dollar strength observed as he opened his interview. Its important to note that he is non voting member of the FED.

There are Bids at 1.2540, 1.2525 and 1.2500 to underpin EU.... just something to watch as Chicago and Wall Street opens, and Bullard keeps talking. We seem to be recovering as I type this...
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  • #1,856
  • Aug 23, 2012 6:42am Aug 23, 2012 6:42am
The Current Zone
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If there was easy money lying around,no one would be forcing it into your
  • #1,857
  • Aug 23, 2012 6:50am Aug 23, 2012 6:50am
Quoting FXMindset
The Current Zone

Yep... the buyers at 1.2540 are absorbing everything they can get at that price....

Problem is there are sellers too close above.... My bids are ahead of the pivot and look like they will go unfilled today....

Even if 1.2540 breaks, there are bids just below 1.2525-20.

We'll see... I need a good my price and ain't buying till I get it, or Friday comes and I re-assess.
  • #1,858
  • Aug 23, 2012 6:54am Aug 23, 2012 6:54am
Quoting Crassius
Yep... the buyers at 1.2540 are absorbing everything they can get at that price....

Problem is there are sellers too close above.... My bids are ahead of the pivot and look like they will go unfilled today....

Even if 1.2540 breaks, there are bids just below 1.2525-20.

We'll see... I need a good my price and ain't buying till I get it, or Friday comes and I re-assess.
Yeap,

There is current bid and offer on the price
Personaly I wont trade around that zone,I have some level for watching


Hope green for you
If there was easy money lying around,no one would be forcing it into your
  • #1,859
  • Aug 23, 2012 9:31am Aug 23, 2012 9:31am
Quoting Crassius
FED's Bullard on CNBC the next two hours. He is a non voting member, but he has just started out walking back the dovish language from yesterday that sparked the rally that took out the option barrier at 1.2500.

Traders took the FED statement as QE coming much sooner than he has intimated so far... He will talk for the next 2 hours so, we'll have to watch market reaction....

May spark sell off

Couple of hours after Bullard's opening comments walked back the market's giddy QE dreams from yesterday's dovish FOMC statement and equities way down...

EURUSD trades 1.2539 at this time.... just 1 pip lower than the initial reaction to his comments hit the dollar side across many pairs.

When we see the markets crossed like this, one down the other showing strength if by at least holding its own in the face of unwelcome news, it underpins the underlying REAL strength we see in EURUSD....

This rally is the REAL DEAL.

You know a trend has real strength when it starts to take on a stair-step shape.... These form when no one wants to sell, everyone is hanging on to what they have and hoping to buy any dips, which are very very shallow if they occur at all. Then more buying emerges. No sell off/consolidation/resumption. The only one selling today are central banks and option interests into 1.2570. This is not a trend to try to fade.

Just underpins how strong this move is, and that there is no reason to consider going short the Euro (unless you are scalping for a few pips here and there) over the coming days.

Have we put in the Yearly Low at 1.2042? If Draghi and Co. disappoint with no follow through then we will take 1/2042 out easily.... If it looks like they get a bond buying program together, even though its just a can kick down the road... probably yes.
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  • #1,860
  • Aug 23, 2012 1:59pm Aug 23, 2012 1:59pm
Another higher break - maybe tomorrow


Nitez
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If there was easy money lying around,no one would be forcing it into your
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