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  • #683,621
  • Aug 23, 2012 10:29am Aug 23, 2012 10:29am
Quoting almo
Most likely an expected resolution for Greece.

Either that, or its going to be one hell of a short , this coming October when Greece comes back to say it can't pay (again)
im preparing for the massive short. The higher it goes, the better it is
  • #683,622
  • Aug 23, 2012 10:29am Aug 23, 2012 10:29am
Quoting Z3iz3i
May open first short at 1.2620/30.

Intraday range has been broken, no shorts yet.
I may short a bit earlier at 1.26 sl above ur level... But 1.2620ish on my book too
Patience, Emotion Control and Discipline.
  • #683,623
  • Aug 23, 2012 10:30am Aug 23, 2012 10:30am
Isn't this a catch-22?

Negative data means easing ... USD goes down.

Positive data means recovery (and in effect, risk buying) ... USD goes down.
  • #683,624
  • Aug 23, 2012 10:34am Aug 23, 2012 10:34am
Quoting kibescorp
Isn't this a catch-22?

Negative data means easing ... USD goes down.

Positive data means recovery (and in effect, risk buying) ... USD goes down.
Either side bad for the dollar.... But in some case dollar rises when we see positive data.... It onli depends on which shit market is looking after... Euro debt or qe3....
Patience, Emotion Control and Discipline.
  • #683,625
  • Aug 23, 2012 10:34am Aug 23, 2012 10:34am
This is a pretty small retrace (so far) in a trending bear market. It has more upside room....without effecting the trend at all.
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  • #683,626
  • Aug 23, 2012 10:35am Aug 23, 2012 10:35am
Quoting faz007
can u see the daily gartley? or am i getting it wrong...reply would be much appreciated

thanks
Unfortunately I'm not familiar with gartley/butterly formations (I mean I heard about them and know that they focus on fibonacci relations but that's all).

I've just presented couple of technics (retracements,extensions,supply/demand,pivots and you can add Elliot waves to the mix if you switch to lower timeframes) which coincidentally overlap around 85/95 area.
  • #683,627
  • Aug 23, 2012 10:37am Aug 23, 2012 10:37am
I can't resist the temptation to increase my position size every time the price moves up. Of course that also moves the basis price up.
  • #683,628
  • Aug 23, 2012 10:38am Aug 23, 2012 10:38am
Quoting johncen
Wow 1.27 i dnt expect to see this until 12 sep or 14 sep but who knows? Nothin impossible

Samaras is going to meet up with merkel n hollande tmr...
if PA manage to hold ground above 1.2550 , pa will force short holders to cover or book half which is key for 1.27, if it loose ground short sellers will smash this bull
Mohan
  • #683,629
  • Aug 23, 2012 10:39am Aug 23, 2012 10:39am
Quoting almo
Why should that change anything? I believe the markets are under the assumption that there will be no QE3.


The US has effectively stopped the downward spiral from an economic standpoint, it will just take time for everything to improve. Additional stimulus is not what is required here....just time.
i was wondering for some time , where have you been ?
"It's the Margin, Stupid."
  • #683,630
  • Aug 23, 2012 10:41am Aug 23, 2012 10:41am
Can't wait for this damn week to end and a new Saturday morning cartoon block to debut.
  • #683,631
  • Aug 23, 2012 10:41am Aug 23, 2012 10:41am
I can see Gartley Bearish on 4H and Crab Bearish on 1H.
I can see Butterfly Bearish on daily but for GBPUSD.
  • #683,632
  • Aug 23, 2012 10:42am Aug 23, 2012 10:42am
MAN ON WATTER...
prepare to huge fall down, maximum will be 1.2620, if it will reach that high, which was previous strong support in January 15th...
Start to shortany time you want close these actual values.

Good luck

ps: I´ve just noticed that actual values were also strong supports in August 2010.. the scenario is clear..cheers
  • #683,633
  • Aug 23, 2012 10:42am Aug 23, 2012 10:42am
Quoting mohan76
if PA manage to hold ground above 1.2550 , pa will force short holders to book cover or book half which is key for 1.27, if it loose ground short sellers will smash this bull
Seems 30 mins bar shows bull unable to reach 1.26 easily? I dnt knw i m just thinking itbis not wise to go long at resist...

Edit: But this is still a strong 4h bar if we close like that
Patience, Emotion Control and Discipline.
  • #683,634
  • Aug 23, 2012 10:45am Aug 23, 2012 10:45am
Quoting johncen
Seems 30 mins bar shows bull unable to reach 1.26 easily? I dnt knw i m just thinking itbis not wise to go long at resist...
that was London close , next 30m (1h/4h) most important

edit : yep no point of taking long here , i will take my long tomorrow , today short on top with tight s/l
Mohan
  • #683,635
  • Aug 23, 2012 10:45am Aug 23, 2012 10:45am
http://www.forexfactory.com/news.php?do=news&id=380652 Good lecture
  • #683,636
  • Aug 23, 2012 10:49am Aug 23, 2012 10:49am
The 30 mins candles is turning into an evening star. ZZzzz

Damn these ranging market conditions.
  • #683,637
  • Aug 23, 2012 10:50am Aug 23, 2012 10:50am
Quoting Vachus
i was wondering for some time , where have you been ?
HI Vachus - I just haven't had much to say.

In the past , my comments may have been ....abrasive to the shorts, thus I felt it was just better to keep silent until we reached closer to 1.26 (which I have indirectly inferred to a few times in my past posts).
  • #683,638
  • Aug 23, 2012 10:53am Aug 23, 2012 10:53am
Yep....I'm saying it now.


Good evidence to suggest 1.32 is coming - granted, its going to take a while to get there.
  • #683,639
  • Aug 23, 2012 10:56am Aug 23, 2012 10:56am
Quoting almo
HI Vachus - I just haven't had much to say.

In the past , my comments may have been ....abrasive to the shorts, thus I felt it was just better to keep silent until we reached closer to 1.26 (which I have indirectly inferred to a few times in my past posts).
Unfortunately, it took me five consecutive short loses to get an idea of what's happening ... ( Don't worry, it wasn't big loses - just my biggest profit from the last trade , which ironically was Long EUR )

BTW , what happened to your Pending Long at 1.24800 - did you have bigger stop loses ? i was thinking about you and your order when it hited the 800 yesterday and unfortunately retraced a bit ! I hope it didn't trigger your SL
"It's the Margin, Stupid."
  • #683,640
  • Aug 23, 2012 10:56am Aug 23, 2012 10:56am
Quoting forexings
2570 is a new support for 2600
Over confidence and FOMC stupidity punished the dollar across the board.
I won't surprise if price goes above 1.30 by the end of this year.

Bear didn't learn from last year bullish tragedy.
how is fomc refusing to devalue the dollar even more, by printing more worthless paper, a bad thing?

judging from the price appreciation over the last week, looks to me to be a good thing, for the USD
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