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  • #696,261
  • Sep 21, 2012 11:51am Sep 21, 2012 11:51am
Quoting divak
these guys in NY are pretty stubborn, the always lift EUR when london is closed. i dont get it.

whatever the news
some qe soppotive comment out of FOMC Member Lockhart ,


edit time for nap , i might come back in 1h

edit : looks your another house under construction
Mohan
  • #696,262
  • Sep 21, 2012 11:54am Sep 21, 2012 11:54am
Quoting ForExtraPips
Decisions, decisions........
Dude, aren't you lost with all these lines ?
COT: The precious data ignored
  • #696,263
  • Sep 21, 2012 11:54am Sep 21, 2012 11:54am
Quoting mohan76
some qe soppotive comment out of FOMC Member Lockhart


edit time for nap , i might come back in 1h
as i said... on a boat...
  • #696,264
  • Sep 21, 2012 11:54am Sep 21, 2012 11:54am
Guys, shorts are covering and there is some buying as well.

If you look at 1hr closes, intraday could not break and close below yesterday's close at 1.2973.

That is more simple explanation.
They think they are smarter than I am.
  • #696,265
  • Sep 21, 2012 11:55am Sep 21, 2012 11:55am
Quoting divak
these guys in NY are pretty stubborn, the always lift EUR when london is closed. i dont get it.

whatever the news
That's their life habit these day
First thing after wake up = sell dollar
good US news = sell dollar
bad US news = sell dallar
no news = sell dallar
  • #696,266
  • Sep 21, 2012 11:56am Sep 21, 2012 11:56am
Quoting kuroro001
Dude, aren't you lost with all these lines ?
Not at all. Those lines come back into play, when price revisits them later on. "Where price meets time." Those lines talk to me.
Time turns trend. - W.D. Gann
  • #696,267
  • Sep 21, 2012 12:01pm Sep 21, 2012 12:01pm
Train might be getting ready guys....good luck !
  • #696,268
  • Sep 21, 2012 12:01pm Sep 21, 2012 12:01pm
Quoting forex_J
That's their life habit these day
First thing after wake up = sell dollar
good US news = sell dollar
bad US news = sell dallar
no news = sell dallar
that really is a mystery for me
  • #696,269
  • Sep 21, 2012 12:03pm Sep 21, 2012 12:03pm
Quoting Z3iz3i
Guys, shorts are covering and there is some buying as well.

If you look at 1hr closes, intraday could not break and close below yesterday's close at 1.2973.

That is more simple explanation.
Indeed, hence i took a long, couldn't resist to this buying into support.
Close it for 19 pips even though it hasn't reached 1,3009-11 (5mn resistance formed earlier).
If broken we are back to 1,302x and 1,3042 but only NY left so i don't know if we'll see that high
COT: The precious data ignored
  • #696,270
  • Sep 21, 2012 12:04pm Sep 21, 2012 12:04pm
Quoting tirmizi
large traders and funds always accumulate in tight ranges that seems unbreakable then shake out happens then real move comes or sometimes they just accumulate and just sell right at supposed support and ppl think that prices will come back to the range area for reloading shorts and in anticipation they buy more and lower and buy more then sell stop then more accelaration to the prices and when prices stops retailers think its bottom for now but actually not bottom just a breather then more down and more down then lower lows and no retrace or lower...
unless ur trading oil $100 long term top no distribution needed
  • #696,271
  • Sep 21, 2012 12:05pm Sep 21, 2012 12:05pm
Quoting ForExtraPips
Not at all. Those lines come back into play, when price revisits them later on. "Where price meets time." Those lines talk to me.
Yes that's what i thought, otherwise you wouldn't have drawn all those line.
COT: The precious data ignored
  • #696,272
  • Sep 21, 2012 12:07pm Sep 21, 2012 12:07pm
Quoting ForExtraPips
Not at all. Those lines come back into play, when price revisits them later on. "Where price meets time." Those lines talk to me.
I agree. Have been studying fans lately and if theres any patterns on when its fans and when the levels, which are to be obeyed next. Not much success yet though. Could you elaborate a little more on what you mean by "when price meets time"?
  • #696,273
  • Sep 21, 2012 12:08pm Sep 21, 2012 12:08pm
Quoting Whistlepips
I agree. Have been studying fans lately and if theres any patterns on when its fans and when the levels, which are to be obeyed next. Not much success yet though. Could you elaborate a little more on what you mean by "when price meets time"?
Heres an example.
Attached Image (click to enlarge)
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  • #696,274
  • Sep 21, 2012 12:09pm Sep 21, 2012 12:09pm
last trade closed
Attached Image (click to enlarge)
Click to Enlarge Name: euras 14.gif Size: 18 KB
looking for investors . pm me
  • #696,275
  • Sep 21, 2012 12:10pm Sep 21, 2012 12:10pm
Quoting sidhujag
unless ur trading oil $100 long term top no distribution needed
yes sir!
Learning Requires Failure
  • #696,276
  • Sep 21, 2012 12:12pm Sep 21, 2012 12:12pm
Quoting Whistlepips
I agree. Have been studying fans lately and if theres any patterns on when its fans and when the levels, which are to be obeyed next. Not much success yet though. Could you elaborate a little more on what you mean by "when price meets time"?
Google W.D. Gann, Law of Vibration, Square of 9. If price stays on the current path of the trend line, then you'll know where and when price will go to. BUT, if price breaks the line, then it will fall to the next line. S/R is not just about horizontal lines. Also, lines on angles. I'm still in the learning stage of this. But it's helped me a lot when it comes to over trading, where to put my buy and sell limits, etc....... GL
Time turns trend. - W.D. Gann
  • #696,277
  • Sep 21, 2012 12:13pm Sep 21, 2012 12:13pm
Quoting Whistlepips
Heres an example.
Yes. You're on the right path.
Time turns trend. - W.D. Gann
  • #696,278
  • Sep 21, 2012 12:15pm Sep 21, 2012 12:15pm
Waiting to see what price will do if and when it hits 1.3012
Time turns trend. - W.D. Gann
  • #696,279
  • Sep 21, 2012 12:16pm Sep 21, 2012 12:16pm
where you at almo? you were probably right. let's see if it has any legs.
  • #696,280
  • Sep 21, 2012 12:19pm Sep 21, 2012 12:19pm
Quoting ForExtraPips
Google W.D. Gann, Law of Vibration, Square of 9. If price stays on the current path of the trend line, then you'll know where and when price will go to. BUT, if price breaks the line, then it will fall to the next line. S/R is not just about horizontal lines. Also, lines on angles. I'm still in the learning stage of this. But it's helped me a lot when it comes to over trading, where to put my buy and sell limits, etc....... GL
Of course mr WDG. I knew it...... The man is in my should read list

I see we may be going into a bit similar direction in this. Maybe good idea to share thoughts every once in a while.
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