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  • #706,961
  • Oct 14, 2012 7:52pm Oct 14, 2012 7:52pm
Quoting aahmad29
I am also waiting for right moment to have Long position.
1.2890 should be a spot for long if go there now , 23.6% retrace from September high.
  • #706,962
  • Oct 14, 2012 7:52pm Oct 14, 2012 7:52pm
Quoting aahmad29
I am also waiting for right moment to have Long position.
why? what is your reason? I see it under 12900 this night... before london opening
  • #706,963
  • Oct 14, 2012 7:56pm Oct 14, 2012 7:56pm
Heavy selling for Asia Monday, is something driving this?
  • #706,964
  • Oct 14, 2012 7:57pm Oct 14, 2012 7:57pm
Quoting Maros
why? what is your reason? I see it under 12900 this night... before london opening
Just cause its being sold on Asia doesn't mean its going to be sold on London.. London can be long.. NY can be short. Its always risk between the sessions.
There are those who know, and there are those who don't know.
  • #706,965
  • Oct 14, 2012 7:58pm Oct 14, 2012 7:58pm
Quoting CoolJL
Heavy selling for Asia Monday, is something driving this?
Think its all the unloading from.. Friday.
There are those who know, and there are those who don't know.
  • #706,966
  • Oct 14, 2012 7:58pm Oct 14, 2012 7:58pm
Quoting the redlion
to start off, tech is nothing but statistics, represented in candle chart and indicators that read off OHLC give you more statistics.

have you taken statistic classes?
if you have you would know the peril of extrapolating data that way.

now I am not statistics are rubbish....we all know they are very helpful but trading off tech analysis with out being trained in what it represents......is not so smart.
Do you believe that FX is NOT a zero sum game?
  • #706,967
  • Oct 14, 2012 8:00pm Oct 14, 2012 8:00pm
Quoting RWalker
Do you believe that FX is NOT a zero sum game?
The entire markets system is not a zero sum game. If it were then nobody would print any money.
  • #706,968
  • Oct 14, 2012 8:00pm Oct 14, 2012 8:00pm
Quoting ainaedil
1.2890 should be a spot for long if go there now , 23.6% retrace from September high.
We entered accumulation zone,
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd chart.gif Size: 33 KB
  • #706,969
  • Oct 14, 2012 8:01pm Oct 14, 2012 8:01pm
Quoting palabara
Think its all the unloading from.. Friday.
1.3 seem to have become a bit of a barrier
  • #706,970
  • Oct 14, 2012 8:03pm Oct 14, 2012 8:03pm
Quoting CoolJL
1.3 seem to have become a bit of a barrier
not necessarily.. this might be a fools man trap.. I call it. sucker in to close longs.. open shorts.. BOOM reversal its long ago back to 1.30!
There are those who know, and there are those who don't know.
  • #706,971
  • Oct 14, 2012 8:03pm Oct 14, 2012 8:03pm
Waiting to see if 1.2888 will hold.
Time turns trend. - W.D. Gann
  • #706,972
  • Oct 14, 2012 8:04pm Oct 14, 2012 8:04pm
Quoting mohan76
i had plan to short geppy today , i slept little too much
her hit and pierce 1st fence bro possible breather. monthly level 125 61
If you are new to Forex? Say Goodbye to your account!!
  • #706,973
  • Oct 14, 2012 8:04pm Oct 14, 2012 8:04pm
Quoting Petiedawgs
The entire markets system is not a zero sum game. If it were then nobody would print any money.
Okay: excluding the Fed and whatever entities it might be working with... to scoop up a little extra cash for squandering.
  • #706,974
  • Oct 14, 2012 8:08pm Oct 14, 2012 8:08pm
Quoting ForExtraPips
Waiting to see if 1.2888 will hold.
  • #706,975
  • Oct 14, 2012 8:13pm Oct 14, 2012 8:13pm
Wow. Hit the bottom line on one of the trend systems from last Fri (beg at ~7am est) and turned on a dime (1.2889).
  • #706,976
  • Oct 14, 2012 8:19pm Oct 14, 2012 8:19pm
...
Attached Image (click to enlarge)
Click to Enlarge Name: eu30.jpg Size: 226 KB
  • #706,977
  • Oct 14, 2012 8:21pm Oct 14, 2012 8:21pm
Quoting divak
as you can see on your graph we are in a triangle.
i expect it to test 1.29 again monday before climbing up slowly to 1.3030 on expectations before the EU summit.

then we'll probably go down as that trendline seems strong enough to keep the PA in control. Then a break out to the south end of the week or early next week would be possible.

Just my thoughts.
Any different advice more than welcome.
we shall see maybe a retest of 1.2880 area if weakness persists this monday. Then probably climb up there on hopes for a bailout.

Happy pips for you guys
  • #706,978
  • Oct 14, 2012 8:23pm Oct 14, 2012 8:23pm
Quoting RWalker
Wow. Hit the bottom line on one of the trend systems from last Fri (beg at ~7am est) and turned on a dime (1.2889).
I like how the market is wrapped around mathematics. I just took the swing low on 7-24-12 @ 1.20413 and added that to the swing high on 9-17-12 @ 1.31709 and added the two, then divided it by two. That came out to 1.26061, for the median price. Then I took the high and median and added them up, then divided by two, and came up with 1.28885, which is where price is currently hanging around at. Acting as support now.
Time turns trend. - W.D. Gann
  • #706,979
  • Oct 14, 2012 8:23pm Oct 14, 2012 8:23pm
Quoting Petiedawgs
The entire markets system is not a zero sum game. If it were then nobody would print any money.
this is kinda true but its all written in the books someone wilk have to pay sooner or later
  • #706,980
  • Oct 14, 2012 8:24pm Oct 14, 2012 8:24pm
+200 bucks big scalp. closed
now will sleep london and wake up tomorow for NY. trading small lots for NY tomorrow.
good luck to all
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