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  • #15,821
  • Nov 20, 2012 9:54am Nov 20, 2012 9:54am
FED will not increase rate before recovery secured

Quoting stevewalker
now on screen with Q s
  • #15,822
  • Nov 20, 2012 9:55am Nov 20, 2012 9:55am
Maybe mine is too simple?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 28Nov12.JPG Size: 65 KB
  • #15,823
  • Nov 20, 2012 9:56am Nov 20, 2012 9:56am
Quoting Orly
Maybe mine is too simple?
you call that simple? sometimes I think I'm too puristic and then somebody comes along and asks if THAT is too simple
  • #15,824
  • Nov 20, 2012 9:57am Nov 20, 2012 9:57am
stuck @ 2810/11
this formation is good for short
but.......
is this going tobe smart in this conditions
Quoting stevewalker
here
  • #15,825
  • Nov 20, 2012 9:58am Nov 20, 2012 9:58am
FL -9

Quoting stevewalker
total FL -15
  • #15,826
  • Nov 20, 2012 9:58am Nov 20, 2012 9:58am
Quoting stevewalker
FED will not increase rate before recovery secured
Housing sector major player...with boom, decline, recovery...

Does he mean low interest rates...???
  • #15,827
  • Nov 20, 2012 9:59am Nov 20, 2012 9:59am
<1min 4H new bar
  • #15,828
  • Nov 20, 2012 10:00am Nov 20, 2012 10:00am
yes bid rate

Quoting meavinash100
Housing sector major player...with boom, decline, recovery...

Does he mean low interest rates...???
  • #15,829
  • Nov 20, 2012 10:00am Nov 20, 2012 10:00am
Quoting stevewalker
stuck @ 2810/11
this formation is good for short
but.......
is this going tobe smart in this conditions
On which TF...?
  • #15,830
  • Nov 20, 2012 10:00am Nov 20, 2012 10:00am
bloomberg

Quoting meavinash100
On which TF...?
  • #15,831
  • Nov 20, 2012 10:00am Nov 20, 2012 10:00am
Quoting stevewalker
stuck @ 2810/11
this formation is good for short
but.......
is this going tobe smart in this conditions
difficult to say... Only thing I know is, that I'm remaining short-oriented until 2830/32 is broken... Aiming for 277x.

don't mind if it turns out to be wrong either though - part of the game.
  • #15,832
  • Nov 20, 2012 10:03am Nov 20, 2012 10:03am
Quoting luckyl
you call that simple? sometimes I think I'm too puristic and then somebody comes along and asks if THAT is too simple
Well, it shows that the pair hit the Fibo level, which was former support and now resistance. That means it should rattle around inside the "cage" of those two trendlines, which are created with an equidistant channel along the tops of the former Bullish Gartley pattern.
I do hope it makes some sense!

  • #15,833
  • Nov 20, 2012 10:03am Nov 20, 2012 10:03am
Quoting Orly
Maybe mine is too simple?
Do i understard correctly your target for this CRAB pattern is 1,25197 ?
  • #15,834
  • Nov 20, 2012 10:03am Nov 20, 2012 10:03am
it is getting more bearish
not good for me
  • #15,835
  • Nov 20, 2012 10:04am Nov 20, 2012 10:04am
Quoting stevewalker
stuck @ 2810/11
this formation is good for short
but.......
is this going tobe smart in this conditions
remember the post I chart about closing price in a cross on daily at this decision level, posted today at lunch time? I could have bet that either!!!
  • #15,836
  • Nov 20, 2012 10:05am Nov 20, 2012 10:05am
Standing down for now. Not much to work with. Capital is a precious commodity not to be ventured on a toss up.
Trade smaller than rational because the market is irrational...
  • #15,837
  • Nov 20, 2012 10:05am Nov 20, 2012 10:05am
Quoting mok1one
Do i understard correctly your target for this CRAB pattern is 1,25197 ?
Quoting Orly
Well, it shows that the pair hit the Fibo level, which was former support and now resistance. That means it should rattle around inside the "cage" of those two trendlines, which are created with an equidistant channel along the tops of the former Bullish Gartley pattern.
I do hope it makes some sense!

Sry read your chart wrong the first time.
  • #15,838
  • Nov 20, 2012 10:05am Nov 20, 2012 10:05am
Quoting mok1one
Do i understard correctly your target for this CRAB pattern is 1,25197 ?
Yes and no. Not directly, anyway. I mean to say that the next level of major support is at that level but the pair will probably bounce inside the down channel before it gets there.

There is no straight line to 1.25x.
  • #15,839
  • Nov 20, 2012 10:05am Nov 20, 2012 10:05am
it exectly did what I was afraid of @2810/11
s***
Quoting xandi
remember the post I chart about closing price in a cross on daily at this decision level, posted today at lunch time? I could have bet that either!!!
  • #15,840
  • Nov 20, 2012 10:06am Nov 20, 2012 10:06am
Quoting EuroTraderJD
Not much to work with.
I was referring to PA.
Trade smaller than rational because the market is irrational...
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