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  • #110,661
  • Sep 12, 2012 9:22am Sep 12, 2012 9:22am
Quoting cohiba pips
no worries pipper

archie OH NO !!!!!
lol

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  • #110,662
  • Sep 12, 2012 9:25am Sep 12, 2012 9:25am
Quoting FibbinArchie
halo seniors where go euro now, coz i'm fakked if i know...
USDOLLAR gives room until 1.30-1.305 but I bailed @ 1.29 not liking the risk anymore as QE3 is more or less within prices
Don't be a hero. Don't have an ego. Always question yourself
  • #110,663
  • Sep 12, 2012 9:28am Sep 12, 2012 9:28am
Quoting USD-Bear
USDOLLAR gives room until 1.30-1.305 but I bailed @ 1.29 not liking the risk anymore as QE3 is more or less within prices
yeah and what if they disappoint which is also a possibility, nfp was weak, but it wasn't apocalyptically bad...

although, as to if it's already priced in, look at the 2010 / 2011 highs and this was against a backdrop of riots in athens and when the severity of the whole piigs financial crisis was just sinking in...
  • #110,664
  • Sep 12, 2012 9:42am Sep 12, 2012 9:42am
hello intraday mid...
  • #110,665
  • Sep 12, 2012 9:45am Sep 12, 2012 9:45am
Quoting pipper
What are you defining as and how are you measuring ticks mate, volume indi ?
My bad, ticks I refer as pips ....I am use to talk in tick terms ....

Sorry for that I didn't imply anything complicate or related to volume or etc. Simply, "ticks" means the number of "pips" as the minimum price move unit in an instrument (as you know the value depends on the instrument in the case of euro is 0.0001) ...

In any case, Gold starting to cough at the highs (key for tomorrow FED) and strong R. DAX also tested the top of R at 741x as expected before the German Court decision but losing foot for the close ...However the key (close today is key) ES is forming a chop zone (compression range) in the highs and hasn't tested the last break up point yet. If we don't test that level today, the door will be wide open for further up (1460x weekly extension) in case of QE or related....

Only tracking ES close today and Gold retracing to 1700x this week....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #110,666
  • Sep 12, 2012 9:49am Sep 12, 2012 9:49am
Quoting FibbinArchie
yeah and what if they disappoint which is also a possibility, nfp was weak, but it wasn't apocalyptically bad...

although, as to if it's already priced in, look at the 2010 / 2011 highs and this was against a backdrop of riots in athens and when the severity of the whole piigs financial crisis was just sinking in...
ah well we'll know soon enough, if they disappoint (no QE3) I'll buy some UC (really a bargain when that's the case) and welcome EU @ 1.20 again
Don't be a hero. Don't have an ego. Always question yourself
  • #110,667
  • Sep 12, 2012 9:56am Sep 12, 2012 9:56am
just monkey see monkey do stuff.
monkey might be wrong.
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  • #110,668
  • Sep 12, 2012 10:04am Sep 12, 2012 10:04am
Quoting sisse
My bad, ticks I refer as pips ....I am use to talk in tick terms ....

Sorry for that I didn't imply anything complicate or related to volume or etc. Simply, "ticks" means the number of "pips" as the minimum price move unit in an instrument (as you know the value depends on the instrument in the case of euro is 0.0001) ...

In any case, Gold starting to cough at the highs (key for tomorrow FED) and strong R. DAX also tested the top of R at 741x as expected before the German Court decision but losing foot for the close ...However the key (close...
are the big boys are putting much fresh money this side of 2962 w/o a retrace or getting above. near 2962 i bet books are closing longs.
those who can, do. those who cant, talk about those who can
  • #110,669
  • Sep 12, 2012 10:04am Sep 12, 2012 10:04am
heyooo, everyone.

It seems the German ruling was a non-event... glad I didn't set the alarm for that one. It seems the more these fundi announcements get hyped up, the less of an impact we see on PA. Oh well...

I scooped up some more GBP/JPY a bit ago at 125.30 to add to my core position from the low 125s. Targets are set for prices starting from 126.45 to 126.85

I've also got a small EUR/GBP short to test PA at these levels as it has butted up against major daily downtrend resistance. Could be ripe and I'm getting a great R/R.

Other than that, I'm looking to scoop up some AUD in the high 1.03s, MAYBE some Euro in the mid/high 1.27s, but I'm most interested in EUR/AUD. It's starting to look like it's wanting to put in a top, however, I'd rather see it at 1.2475/80ish if possible. That's where the downtrend channel resistance comes in along with the 61.8% fibo retracement from this last big leg down on the daily. That'd offer some sick R/R if we can get there. Anyone have thoughts on this bugger?

Cheers!
check out my blog: forexmademillionaire dot com
  • #110,670
  • Sep 12, 2012 10:05am Sep 12, 2012 10:05am
No worries Sisse. I'm pretty poor at picking up trading jargon

Quoting sisse
My bad, ticks I refer as pips ....I am use to talk in tick terms ....

Sorry for that I didn't imply anything complicate or related to volume or etc. Simply, "ticks" means the number of "pips" as the minimum price move unit in an instrument (as you know the value depends on the instrument in the case of euro is 0.0001) ...

In any case, Gold starting to cough at the highs (key for tomorrow FED) and strong R. DAX also tested the top of R at 741x as expected before the German Court decision but losing foot for the close ...However the key...
Disclaimer: Check your 1m charts
  • #110,671
  • Sep 12, 2012 10:21am Sep 12, 2012 10:21am
Quoting gatorinla
are the big boys are putting much fresh money this side of 2962 w/o a retrace or getting above. near 2962 i bet books are closing longs.
No fresh money at these levels in my books. Most taking some (a lot) of the table at least and "trailing" for the FED (nobody wants to miss a QE announcement knee jerk reaction of a few hundred ticks). Next pullback will not find enough buyers to keep the current slope that's a done deal but until FED they will not completely raise the bid...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #110,672
  • Sep 12, 2012 10:27am Sep 12, 2012 10:27am
Quoting sisse
No fresh money at these levels in my books. Most taking some (a lot) of the table at least and "trailing" for the FED (nobody wants to miss a QE announcement knee jerk reaction of a few hundred ticks). Next pullback will not find enough buyers to keep the current slope that's a done deal but until FED they will not completely raise the bid...

sisse
if she stumbles 2502 is still the norm for me,, 2448 is another.. after that???
those who can, do. those who cant, talk about those who can
  • #110,673
  • Sep 12, 2012 10:30am Sep 12, 2012 10:30am
e closed 2904.3
those who can, do. those who cant, talk about those who can
  • #110,674
  • Sep 12, 2012 10:40am Sep 12, 2012 10:40am
gold still too dam sweet thinking of closing the shop till the feds
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  • #110,675
  • Sep 12, 2012 10:43am Sep 12, 2012 10:43am
Quoting sisse
No fresh money at these levels in my books. Most taking some (a lot) of the table at least and "trailing" for the FED (nobody wants to miss a QE announcement knee jerk reaction of a few hundred ticks). Next pullback will not find enough buyers to keep the current slope that's a done deal but until FED they will not completely raise the bid...

sisse
are u eyeing the 24's after the fed's or the 20's
  • #110,676
  • Sep 12, 2012 10:46am Sep 12, 2012 10:46am
Quoting gatorinla
if she stumbles 2502 is still the norm for me,, 2448 is another.. after that???
Well I don't want to jump the gun on the levels without a high in place and without that final FA of the year (the FED) on the table. At first glance and prolly for the next Q/M roll, a retest of the Q support (1.223x) with a intermediate stop at 1.240x are starting to blink from inactive to active ...

Let see how it goes with the FED first ....

sisse

PS: @ Kill, lol I was just writing the post when you posted...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #110,677
  • Sep 12, 2012 10:51am Sep 12, 2012 10:51am
learn from the best bro @sisse

lol was quoting u then u deleted the post
  • #110,678
  • Sep 12, 2012 10:56am Sep 12, 2012 10:56am
Quoting kill56
are u eyeing the 24's after the fed's or the 20's
waiting for a reason with the ecb buying Spain and the club med debt. the money spent buying does not magically appear, dilution dilutes. its funny.. you never see it called printing concerning the ecb in the media. i guess all these adds for banks on cnbc/bloomberg/fox has its perks. i guess they cant bite the hand that feeds them. old money still rules the world.
those who can, do. those who cant, talk about those who can
  • #110,679
  • Sep 12, 2012 11:08am Sep 12, 2012 11:08am
Quoting sisse
Well I don't want to jump the gun on the levels without a high in place and without that final FA of the year (the FED) on the table. At first glance and prolly for the next Q/M roll, a retest of the Q support (1.223x) with a intermediate stop at 1.240x are starting to blink from inactive to active ...

Let see how it goes with the FED first ....

sisse

PS: @ Kill, lol I was just writing the post when you posted...
no jumps for me yet. after chf hits and the gbp.. and the eu is near 2962..w/o a break above.. then sure.. i will put some on.. 2962 lost opens much higher
those who can, do. those who cant, talk about those who can
  • #110,680
  • Sep 12, 2012 11:10am Sep 12, 2012 11:10am
Quoting gatorinla
waiting for a reason with the ecb buying Spain and the club med debt. the money spent buying does not magically appear, dilution dilutes. its funny.. you never see it called printing concerning the ecb in the media. i guess all these adds for banks on cnbc/bloomberg/fox has its perks. i guess they cant bite the hand that feeds them. old money still rules the world.
That's the thing (and the problem for the ECB) mate. Greece, Portugal and Ireland has been peanuts €€€ wise.

As long as Spain and Italy don't take a bailout there is no really "printing money" in place, is more like "stretching" a bit the ECB balance sheet buying bonds and etc but most of them is still been sterilized so ...the impact is almost null in that front

The real deal as you imply is when Spain bite the bullet. That's why is so important all these ESM, EFSF, German Court, bla bla ...is for when the ECB actually needs to print money to stop the boat from sinking ...but that's for the next EZ debt season ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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