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  • #683,821
  • Aug 23, 2012 11:42pm Aug 23, 2012 11:42pm
Quoting Vachus
There is nothing in the stock/Currency or any market that use charts called GRAVITY
That's because gravity goes by another name; fundamentals. Technicals and psychology can only hold out against it for so long.
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  • #683,822
  • Aug 23, 2012 11:43pm Aug 23, 2012 11:43pm
Technicality very much respected.

Prices have not touched the steep UTL yet, she is moving sideways towards it, bulls are not taking profit yet. Many went short.

What will happen? I do not f@ck know and who knows, knows less. (Sorry, I am just in a good mood).

One think I know is that wherever way she goes she will trap whom have committed wrongly, given more fuel to the direction (covering).

I may wait and jump on the wagon if nimble enough, once that is confirmed (with PA, fail BO or failure failed BO and so on and on..)

Off to get my little girl at school.
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"Men who can both be right and sit tight are uncommon."
  • #683,823
  • Aug 23, 2012 11:45pm Aug 23, 2012 11:45pm
Personally, I wouldn't be surprised by more upside come the London/NY session, and I'm hedging for that, but I can't see it getting beyond 1.26-27 myself.

I don't pretend to know where EUR/USD is going in the short term, but mid? Short seems very likely as nothing funda (at the moment anyways) is keeping it aloft.
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  • #683,824
  • Aug 23, 2012 11:46pm Aug 23, 2012 11:46pm
Quoting Layzars
That's because gravity goes by another name; fundamentals. Technicals and psychology can only hold out against it for so long.
What fundamental data would you need to see to change your mind on the direction of the Euro?
  • #683,825
  • Aug 23, 2012 11:47pm Aug 23, 2012 11:47pm
Relax. Temporary down movement.
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Time turns trend. - W.D. Gann
  • #683,826
  • Aug 23, 2012 11:48pm Aug 23, 2012 11:48pm
Quoting almo
What fundamental data would you need to see to change your mind on the direction of the Euro?
Specifically? Because the generalities are obvious. QE3 getting decisively dumped would be huge as that seems priced into the market ATM (as in the assumption that QE3 will occur).

If by change as in, from short to long euro mid-term, QE3 going forward and bad key USD economic data in general.
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  • #683,827
  • Aug 23, 2012 11:53pm Aug 23, 2012 11:53pm
Quoting Layzars
Specifically? Because the generalities are obvious. QE3 getting decisively dumped would be huge as that seems priced into the market ATM.

If by change as in, from short to long euro mid-term, QE3 going forward and bad key USD economic data in general.
The generalities are showing improvement for EZ


QE3 would only add fuel to the uptrend, which is not needed IMO.

The US has plenty of available money. What is needed are jobs. QE3 can't fix that, thus, you will never see QE3.
  • #683,828
  • Aug 23, 2012 11:54pm Aug 23, 2012 11:54pm
Quoting SemperOorah
I've been trying to understand the correlation between different currencies during breakouts. Obviously the arbitrage traders have to keep them related to some extent, but does technical breakouts of either EUR/USD or AUD/USD typically have significant, immediate impacts on each other?
bro co relation of pairs is important, but only 1 part to bigger jig saw,
presently august has been a bitch as usual, and many trader closed books month open and will reopen september open

EU and Swissy virtually perfect contraian, au kiwi normally work in sync, cable and geppy normally work in sync, however boj has been passive intervention all month, and accordingly cable not in sync

however, the best time is when most or all ladies are in nice sync, this can be best time they helpful, although them in sync then, they not always move in perfect sycn, but 1 or 2 go then next then next etc etc, this is best time for corelationship in action, can help you get a little heads up and be prepared, to either consider enter or not to enter, with all you other triggers can be very helpful, but on their own, don trust them, especially when intervention news etc

example when them all in nice sync and 5 take of to moon but 1 goes oppsosite direction,, 2 trhings going to happen, her going to return to the fold or all 5 will follow the stray, 9 times out of ten, lone sheep will return with ladies, key is to try find reason why her break away, is always a reason, either tech or fundiy

sadly all month they are not very good sync, but when they start syncing it is very nice,
for now I watching aussie, not suggest to sell as her at support, but perhaps, suggesting if tempted to trade long as per normal with support, just be little patient, some times not entering a trade, is a good trade.
her should bounce, "but" this time if support fails, the downside is just as big and possably quicker than upside, never hurts to be patient
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  • #683,829
  • Aug 23, 2012 11:55pm Aug 23, 2012 11:55pm
Quoting almo
The generalities are showing improvement for EZ


QE3 would only add fuel to the uptrend, which is not needed IMO.

The US has plenty of available money. What is needed are jobs. QE3 can't fix that, thus, you will never see QE3.
Markets moved significantly on the Fed notes, and stayed up. While I agree QE3 probably won't happen, I can't help but believe that the market as a whole has a different view given the resultant price action.

EU improvements are the other side of the coin, but keep in mind that given the numbers as is, they're still poised for contraction.
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  • #683,830
  • Aug 24, 2012 12:01am Aug 24, 2012 12:01am
Quoting almo
Aussie is starting to look weak across the board.

Pull up the weekly charts and you will see what I mean.

Kiwi trader is right...this is a 1000 pip move waiting to happen.

(coincidently, same 1000 pip move for EU and GBP vs USD)

All of this is my opinion...and I may be wrong
1000 pip, shit that would be nice, is ironic the 3 ladies you mention I am on and waiting eu aussie and cable, time will tell, watching only 4hr and dailly charts
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  • #683,831
  • Aug 24, 2012 12:02am Aug 24, 2012 12:02am
Have anyone read this German Finance minister new press statement :

"German finance ministry studying "Grexit" costs: paper"

The idiot gave them away , he is telling us for the past two years German officials didn't have a one studied scenario for a Greek exist - when things were much worse ...

I started loving this man

http://www.reuters.com/article/2012/...87N03Y20120824
"It's the Margin, Stupid."
  • #683,832
  • Aug 24, 2012 12:06am Aug 24, 2012 12:06am
Quoting KiwiTrada
1000 pip, shit that would be nice, is ironic the 3 ladies you mention I am on and waiting eu aussie and cable, time will tell, watching only 4hr and dailly charts
I use Point and Figure mainly - I post the larger charts because most people either can't read a PnF chart.

Daily and Weekly charts are a good proxy for me though, when I don't have access to my PnF charts (like now, as I am on my laptop).

The 1000 pips is 1/2 way from the major tops on the EU and GU, and Bottom for AUD/USD
  • #683,833
  • Aug 24, 2012 12:20am Aug 24, 2012 12:20am
Quoting Vachus
Have anyone read this German Finance minister new press statement :

"German finance ministry studying "Grexit" costs: paper"

The idiot gave them away , he is telling us for the past two years German officials didn't have a one studied scenario for a Greek exist - when things were much worse ...

I started loving this man

http://www.reuters.com/article/2012/...87N03Y20120824
Et voila'
"Men who can both be right and sit tight are uncommon."
  • #683,834
  • Aug 24, 2012 12:26am Aug 24, 2012 12:26am
Quoting KillerWhale
Usually after a whole week bull, Friday's are counter trend.
Besides that, 1.2650 is outside the upper channel line.
You really think that on a Friday after 4 bull days that's gonna break north?

I would say: NO CHANCE

In case it goes up, 1.2626 is maximum, then down
It seems H4 need another beat for last and make a tail of a doji form
  • #683,835
  • Aug 24, 2012 12:29am Aug 24, 2012 12:29am
Quoting almo
I use Point and Figure mainly - I post the larger charts because most people either can't read a PnF chart.

Daily and Weekly charts are a good proxy for me though, when I don't have access to my PnF charts (like now, as I am on my laptop).

The 1000 pips is 1/2 way from the major tops on the EU and GU, and Bottom for AUD/USD
yes bro, I take her day by day, presently them all still stuck inside todays zones, so am waiting them 1st to bo of zones and then consider next step, prefer after frankie, but if them break below zones I will move stops to just above, my take is a bo down will be quicker and more violent than up, and I prefer things rough and it is Freaky Friday
If you are new to Forex? Say Goodbye to your account!!
  • #683,836
  • Aug 24, 2012 12:47am Aug 24, 2012 12:47am
I smell the end of 1 year strong USD
Bull rising to fk the bear and there is no protection, not even attempted to break 2nd immediate LTL.
You cannot learn better without losing
  • #683,837
  • Aug 24, 2012 12:47am Aug 24, 2012 12:47am
Quoting KiwiTrada
bro co relation of pairs is important, but only 1 part to bigger jig saw,
presently august has been a bitch as usual, and many trader closed books month open and will reopen september open

EU and Swissy virtually perfect contraian, au kiwi normally work in sync, cable and geppy normally work in sync, however boj has been passive intervention all month, and accordingly cable not in sync

however, the best time is when most or all ladies are in nice sync, this can be best time they helpful, although them in sync then, they not always move in perfect...
Appreciate the advice and in-depth answer. Thanks.
  • #683,838
  • Aug 24, 2012 12:54am Aug 24, 2012 12:54am
1.2595 would open up a test to 1.2765.
"Men who can both be right and sit tight are uncommon."
  • #683,839
  • Aug 24, 2012 1:01am Aug 24, 2012 1:01am
Quoting KiwiTrada
1000 pip, shit that would be nice, is ironic the 3 ladies you mention I am on and waiting eu aussie and cable, time will tell, watching only 4hr and dailly charts
nah Aussie not going to give that bad so quickly against USD but it should against euro (1.27xx)and GBP (1.58~ 60), any good news from china might turn the table , but your 39 playing very nicely
Mohan
  • #683,840
  • Aug 24, 2012 1:05am Aug 24, 2012 1:05am
Quoting mohan76
nah Aussie not going to give that bad so quickly against USD but it should against euro (1.27xx)and GBP (1.58~ 60), any good news from china might turn the table , but your 39 playing very nicely
http://online.wsj.com/article/SB1000...962506566.html
"Men who can both be right and sit tight are uncommon."
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