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  • #723,401
  • Nov 27, 2012 7:06pm Nov 27, 2012 7:06pm
Gonna try a short under 1.29265.
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  • #723,402
  • Nov 27, 2012 7:08pm Nov 27, 2012 7:08pm
Quoting ForExtraPips
Agreed. 1.1343 looks good.
Provided things are getting real ugly in EZ. The FED won't come out with QE4 to replace Operation Twist. Fiscall Cliff is solved. US to lead global economy recovery and the first to tighten monetary policy.

How close are we to that?
  • #723,403
  • Nov 27, 2012 7:11pm Nov 27, 2012 7:11pm
Quoting Ken A
Provided things are getting real ugly in EZ. The FED won't come out with QE4 to replace Operation Twist. Fiscall Cliff is solved. US to lead global economy recovery and the first to tighten monetary policy.

How close are we to that?
I thought they already set up QE∞
Not all sins are created equal
  • #723,404
  • Nov 27, 2012 7:14pm Nov 27, 2012 7:14pm
Quoting tashkent
if you are about word "prediction" and "analysis", i did not know what word to use due to my limited english. also i will be honest, i have a negative feeling towards these words in trading. maybe i should have used word "view" "anticipation" or something else. anyway, no offense was intended.
the pair moves in steps. bears and bulls walk different in pa. for instance bears and bulls will be hard to tell apart at 2911.5 where we should bounce. with 2907 there so close it may distort a bounce.. this is st so if its a big move, it will run these little ones over. what happens here to me just dont matter.. its noise mostly to me.. my concern is a bounce before 2879 to 2976 (w/o a hh). and then look for weakness.. it that happens then we get to 2879.. then at some point after that 2879 target is met. a new bounce is expected, back to 2911.. i look for weakness and rinse and repeat. till it dont work.. instead of the chop zone here.

both bears and bulls want 2911.5. both bears and bulls want 2976. its just the way it is.. its why consolidation happens at predictable levels.
those who can, do. those who cant, talk about those who can
  • #723,405
  • Nov 27, 2012 7:33pm Nov 27, 2012 7:33pm
Quoting gatorinla
the pair moves in steps. bears and bulls walk different in pa. for instance bears and bulls will be hard to tell apart at 2911.5 where we should bounce. with 2907 there so close it may distort a bounce.. this is st so if its a big move, it will run these little ones over. what happens here to me just dont matter.. its noise mostly to me.. my concern is a bounce before 2879 to 2976 (w/o a hh). and then look for weakness.. it that happens then we get to 2879.. then at some point after that 2879 target is met. a new bounce is expected, back to 2911.....
i marked these numbers in my chart, i want to see how price will act. i have always wondered if it is possible to point out action levels with pip to pip accuracy.
thanks for the tips.
As Above, So Below
  • #723,406
  • Nov 27, 2012 7:34pm Nov 27, 2012 7:34pm
Quoting gatorinla
the pair moves in steps. bears and bulls walk different in pa. for instance bears and bulls will be hard to tell apart at 2911.5 where we should bounce. with 2907 there so close it may distort a bounce.. this is st so if its a big move, it will run these little ones over. what happens here to me just dont matter.. its noise mostly to me.. my concern is a bounce before 2879 to 2976 (w/o a hh). and then look for weakness.. it that happens then we get to 2879.. then at some point after that 2879 target is met. a new bounce is expected, back to 2911.....
I'm currently down-biased. Based on that, I have PA going down to 1.286x, then bouncing back up to 1.290x before heading down to 1.281x...we'll see.
Just don't know how to get to the exact pip.
  • #723,407
  • Nov 27, 2012 7:34pm Nov 27, 2012 7:34pm
After the Greece news the London open imploded, not even retested the nice rounded number: 1.3000. For me it is so weird.
- was this a pullback to retest it later(this week, or next one), or we can just forget 1.3000 for a few months?
I want to buy PATIENCE
  • #723,408
  • Nov 27, 2012 7:35pm Nov 27, 2012 7:35pm
got s/o -1.4 pips on the last one.. If I were a new trader, while we're sitting here, I would take gator's last post, dissect it 100 ways, and try to understand what he is saying. It'll make your trading much easier..

night all, good night Jay.
  • #723,409
  • Nov 27, 2012 7:38pm Nov 27, 2012 7:38pm
Quoting attila
got s/o -1.4 pips on the last one.. If I were a new trader, while we're sitting here, I would take gator's last post, dissect it 100 ways, and try to understand what he is saying. It'll make your trading much easier..

night all, good night Jay.
forgot to sleep ?
Mohan
  • #723,410
  • Nov 27, 2012 7:39pm Nov 27, 2012 7:39pm
Quoting mohan76
forgot to sleep ?
sleep is overrated, but yeah..
  • #723,411
  • Nov 27, 2012 8:04pm Nov 27, 2012 8:04pm
Quoting kokopelli
I'm currently down-biased. Based on that, I have PA going down to 1.286x, then bouncing back up to 1.290x before heading down to 1.281x...we'll see.
Just don't know how to get to the exact pip.
dont bother trying for exact pip,

you already have grasp of pa ebb and flow,

is much easier to try define levels you believe pa may react, then calculate this level into a zone of interest, and then when pa arrive, wait for reaction, no need rush, even scalpers have emense patience, if expected reaction occur in zone, wait for pattern, step one completed, step 2 is next level generally opposite direction, unless 2008 if this level / zone reacts accordingly again wait, give pa time to prepare next leg, and again wait for pattern to form, after many time you get it correct, then better able to "see" specific levels clearer

before long you will start have specific levels on your chart that you know intimately, everything about level, the approach, the initial tap/test, consolidation and then the pattern building, continuation or reversal, then you ready to put up your money

Too many trader "think" thye are scalping, but sadly they just gambling, scalping is hardest of all style, a fine art

forex is not a sprint race bro, is a marathon
If you are new to Forex? Say Goodbye to your account!!
  • #723,412
  • Nov 27, 2012 8:09pm Nov 27, 2012 8:09pm
Quoting matheszabi
After the Greece news the London open imploded, not even retested the nice rounded number: 1.3000. For me it is so weird.
- was this a pullback to retest it later(this week, or next one), or we can just forget 1.3000 for a few months?
It was a sell the news scenario. The focus then shifted to the so called U.S. "fiscal cliff," which unsettled markets, hence the flight to safety. This so called crisis will be settled as well. U.S. GDP comes in good, risk on before end of week/month with EUR 1.30+
"The market can remain irrational longer than you can remain solvent"
  • #723,413
  • Nov 27, 2012 8:16pm Nov 27, 2012 8:16pm
Quoting anton.olff
It was a sell the news scenario. The focus then shifted to the so called U.S. "fiscal cliff," which unsettled markets, hence the flight to safety. This so called crisis will be settled as well. U.S. GDP comes in good, risk on before end of week/month with EUR 1.30+
If there is this 'fiscal cliff' crisis, how is it settled by end of this week?
  • #723,414
  • Nov 27, 2012 8:18pm Nov 27, 2012 8:18pm
Quoting anton.olff
It was a sell the news scenario. The focus then shifted to the so called U.S. "fiscal cliff," which unsettled markets, hence the flight to safety. This so called crisis will be settled as well. U.S. GDP comes in good, risk on before end of week/month with EUR 1.30+
gdp rising dont necessarily mean the eu will rise.
those who can, do. those who cant, talk about those who can
  • #723,415
  • Nov 27, 2012 8:20pm Nov 27, 2012 8:20pm
Quoting KiwiTrada
dont bother trying for exact pip,

you already have grasp of pa ebb and flow,

is much easier to try define levels you believe pa may react, then calculate this level into a zone of interest, and then when pa arrive, wait for reaction, no need rush, even scalpers have emense patience, if expected reaction occur in zone, wait for pattern, step one completed, step 2 is next level generally opposite direction, unless 2008 if this level / zone reacts accordingly again wait, give pa time to prepare next leg, and again...
KiwiTrada - Thank you for a very insightful post. So true!!!

The Waiting...is the hardest part!

Ladies and gentlemen...Tom Petty and the Heartbreakers!!!
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  • #723,416
  • Nov 27, 2012 8:20pm Nov 27, 2012 8:20pm
Quoting KiwiTrada

forex is not a sprint race bro, is a marathon

Hey kiwi

i have good news and bad news for you

good news is i am going to take nap (bear) , bad news i have bailed out my long (bull) , i don't know which one work first
Mohan
  • #723,417
  • Nov 27, 2012 8:22pm Nov 27, 2012 8:22pm
Quoting richy
If there is this 'fiscal cliff' crisis, how is it settled by end of this week?
I did not say it will be settled by the end of the week. It may go right up to the 11th hour in 33 days from now.
"The market can remain irrational longer than you can remain solvent"
  • #723,418
  • Nov 27, 2012 8:25pm Nov 27, 2012 8:25pm
Quoting mohan76
Hey kiwi

i have good news and bad news for you

good news is i am going to take nap (bear) , bad news i have bailed out my long (bull) , i don't know which one work first

that is not fair, one is contrarian and 1 is posiitve I am seeing possible east ping pong then some more down, so maybe you should sleep til Monday
If you are new to Forex? Say Goodbye to your account!!
  • #723,419
  • Nov 27, 2012 8:27pm Nov 27, 2012 8:27pm
Quoting gatorinla
gdp rising dont necessarily mean the eu will rise.
Perhaps. I see risk on as more probable if number is at or above expectations.
"The market can remain irrational longer than you can remain solvent"
  • #723,420
  • Nov 27, 2012 8:35pm Nov 27, 2012 8:35pm
back for another round waiting for an entry should happen within a few hours i hope

WENDIGO
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