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  • #708,561
  • Oct 17, 2012 5:29am Oct 17, 2012 5:29am
First take profit between 27/33;

Let's see. Other if breaks 45/55;

If breaks then 75 and 90/1.3200.
They think they are smarter than I am.
  • #708,562
  • Oct 17, 2012 5:29am Oct 17, 2012 5:29am
Quoting Stonar901
GL with that coz its a bit risky specially with double top on the 4H and Triple top on the 1H
anyway, there are lots of ways to view multiple tops here is mine:

if made over a period of time such that you have distinct peaks then they deserve good respect.

if as in this case they are successive bars (see chart) then look at what is happening below them.......

see the tops all testing a price line - obvious offers at that level protecting price

see the bottoms all scraggy, so the offers are pushing down just hard enough to protect the line and bids are not having to work hard to protect a price,

so the most likely breakout is to the topside because when the offers run out bids will succeed, but the offers are not attacking lower prices and therefore there is no pressure on the bids

how far it breaks is of course another story
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  • #708,563
  • Oct 17, 2012 5:31am Oct 17, 2012 5:31am
on 15m on 30m and 1H and double top on the 4H thats it for today we will be moving south now
  • #708,564
  • Oct 17, 2012 5:33am Oct 17, 2012 5:33am
Quoting MaxDoom
anyway, there are lots of ways to view multiple tops here is mine:

if made over a period of time such that you have distinct peaks then they deserve good respect.

if as in this case they are successive bars (see chart) then look at what is happening below them.......

see the tops all testing a price line - obvious offers at that level protecting price

see the bottoms all scraggy, so the offers are pushing down just hard enough to protect the line and bids are not having to work hard to protect a price,

so the most likely breakout...
Well u do have a point here but still cant feel we are breaking that and my sl is above ur TP so we might be both right
  • #708,565
  • Oct 17, 2012 5:34am Oct 17, 2012 5:34am
Quoting Stonar901
on 15m on 30m and 1H and double top on the 4H thats it for today we will be moving south now
and how many times have we called this today. another bad day at the office.
  • #708,566
  • Oct 17, 2012 5:34am Oct 17, 2012 5:34am
Quoting Stonar901
Well u do have a point here but still cant feel we are breaking that and my sl is above ur TP so we might be both right

I think max is right. this shit simply does not want to come down
  • #708,567
  • Oct 17, 2012 5:36am Oct 17, 2012 5:36am
Quoting KiwiTrada
so does coin toss
Barclays trying to help cable bull
Quote
Barclays haved changed their BoE call following this mornings BoE minutes; no longer seeing a 25bps cut in November but continues to see a boost of GBP 50bln to the ECTR
Mohan
  • #708,568
  • Oct 17, 2012 5:36am Oct 17, 2012 5:36am
Quoting Stonar901
on 15m on 30m and 1H and double top on the 4H thats it for today we will be moving south now
You know what they say...sell the double, buy the triple one
COT: The precious data ignored
  • #708,569
  • Oct 17, 2012 5:37am Oct 17, 2012 5:37am
Quoting Nachiket
I think max is right. this shit simply does not want to come down
Oh it will. Just no this time. Maybe later, tomorrow or the next day.
D1 is pretty close to being overbought. H4 is oversold and starting to go down.
H1 is coming up so yes, we might give an uppercut before we get a knock out.
There is nothing in the Universe but mathematical points of force.
  • #708,570
  • Oct 17, 2012 5:41am Oct 17, 2012 5:41am
There is huge divergence on 4hr for shorts (min 50 pips if projected from 1.3110 and grows bigger atm) but it wont be played out yet.
Price will be forced up to meet real resistance.

I will watch Asia whole session tonite, unless something critical happens before NY close.
They think they are smarter than I am.
  • #708,571
  • Oct 17, 2012 5:42am Oct 17, 2012 5:42am
short now.... come on get me....
  • #708,572
  • Oct 17, 2012 5:45am Oct 17, 2012 5:45am
Divergence is never wrong....but always late
  • #708,573
  • Oct 17, 2012 5:47am Oct 17, 2012 5:47am
morning.. looks like you guys had a shitty London session..
  • #708,574
  • Oct 17, 2012 5:48am Oct 17, 2012 5:48am
responsive selling at 130
Gold Annihilation System
  • #708,575
  • Oct 17, 2012 5:49am Oct 17, 2012 5:49am
Quoting attila
morning.. looks like you guys had a shitty London session..
Welcome back. Haha It's been like this since asian session.. xD
There is nothing in the Universe but mathematical points of force.
  • #708,576
  • Oct 17, 2012 5:50am Oct 17, 2012 5:50am
Quoting attila
morning.. looks like you guys had a shitty London session..
yes
  • #708,577
  • Oct 17, 2012 5:51am Oct 17, 2012 5:51am
Quoting kiranitoot
Welcome back. Haha It's been like this since asian session.. xD
yeah, pretty bad.. I feel like this on a daily basis..Let's hope they'll start moving it.. I'm still on the short side, but I'm not awake yet so don't mind me..
  • #708,578
  • Oct 17, 2012 5:54am Oct 17, 2012 5:54am
Quoting attila
yeah, pretty bad.. I feel like this on a daily basis..Let's hope they'll start moving it.. I'm still on the short side, but I'm not awake yet so don't mind me..
I wonder what is the year end target now. 1.40000

if spain snizzes also euro rallied 30 pips. even if spain is said by somebody euro rallies 30 pips. such a crazy shit it is.

  • #708,579
  • Oct 17, 2012 5:54am Oct 17, 2012 5:54am
Quoting attila
morning.. looks like you guys had a shitty London session..
actually forex is full of shiit, but yet people are ready to take bath in it...
  • #708,580
  • Oct 17, 2012 5:56am Oct 17, 2012 5:56am
Quoting Nachiket
I wonder what is the year end target now. 1.40000

if spain snizzes also euro rallied 30 pips. even if spain is said by somebody euro rallies 30 pips. such a crazy shit it is.

somebody yesterday (not sure, Morgan Stanley I think.. not sure) said 1.15 by the end of 2013 lol.. Nobody knows actually...
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