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  • #726,621
  • Dec 3, 2012 12:05pm Dec 3, 2012 12:05pm
Some traders or algos whatever just reversed at 60/61 and 54/55 to short.

Now, lets see if it was stop running and this current hour will close above those, lets say around 70.
They think they are smarter than I am.
  • #726,622
  • Dec 3, 2012 12:20pm Dec 3, 2012 12:20pm
Quoting MaxDoom
indeed

Yes, that one went nowhere, waiting for the next bounce on the 5 to finish here. Not buying it.
The great majority are rarely capable of thinking independently.
  • #726,623
  • Dec 3, 2012 12:23pm Dec 3, 2012 12:23pm
It may be that around 71/75 price level has developed stops during these last few hours so better be careful if short and see if current hour closes around or above 70.

It may be nice buying opportunity.
They think they are smarter than I am.
  • #726,624
  • Dec 3, 2012 12:25pm Dec 3, 2012 12:25pm

Quoting Z3iz3i
It may be that around 71/75 price level has developed stops during these last few hours so better be careful if short and see if current hour closes around or above 70.

Quoting Z3iz3i

It may be nice buying opportunity.

your point of view on today's wacky .eu action is the only one that make sense.
  • #726,625
  • Dec 3, 2012 12:30pm Dec 3, 2012 12:30pm
Quoting Kanzler
Every time you buy or sell at s/r you're timing the market. The only difference between this and longer term swing traders is the time frame.

Also, my luck again, stopped out at break even last night only for me to wake up to it having gone 40 pips in my favor after.
lol happens everytime i try short term or intraday thats what happens, somehow i can never master the art of quickie .

Reg timing, it is not necessarily timing the market every time u buy or sell and perhaps u r right in a way when u say that too, maybe i should quote it has catching the high, but then again it can be as relative as timing . I would have even sold it at 1.3050 but it was just my luck that when i opened the screen i saw 1.3070 and i had no hesitation in punching my order ...
  • #726,626
  • Dec 3, 2012 12:35pm Dec 3, 2012 12:35pm
Quoting B_Prasad
True it may fall sometime but u can never time the market, well now why do I think it is going to fall or not rise beyond previous high,
1. Dollar strength, it is imperative the fisical Cliff of US has to be contained and measures will be taken sooner or latter, spending cuts, QE program will be put on hold or no further qe would be initiated.
2. Against market expectation that request for baillout by Spain would boost the EU I believe fundamentally it would weaken the Euro as more Euro should be printed to assist the bailout.
3. Declining GDP's...

i agree in a general way with what you are saying. i just wouldn't go short today from these levels.

it's looking for something, and that something lives upstairs
  • #726,627
  • Dec 3, 2012 12:39pm Dec 3, 2012 12:39pm
Quoting 1candlepower
i agree in a general way with what you are saying. i just wouldn't go short today from these levels.

it's looking for something, and that something lives upstairs
what is it that they say?.....................be greedy when people are fearful.....be fearful when people are greedy?
AVT INVENIAM VIAM AVT FACIAM
  • #726,628
  • Dec 3, 2012 12:40pm Dec 3, 2012 12:40pm
Quoting 1candlepower
i agree in a general way with what you are saying. i just wouldn't go short today from these levels.
well I can understand, I have a big time frame like 1year or even more sometimes if required but i dont trade intraday, daily or weekly unless there is a drastic PA change so short term volatility really doesn't really bother me.
  • #726,629
  • Dec 3, 2012 12:45pm Dec 3, 2012 12:45pm
I think there is a good opportunity GBP/AUD there is a break out and the breakout rally is gaining momentum, I guess we are looking at a 500pip rally there... somehow i missed this one, haven't been keeping a tab on it, bought it at 1.5445.
  • #726,630
  • Dec 3, 2012 12:47pm Dec 3, 2012 12:47pm
Quoting B_Prasad
I think there is a good opportunity GBP/AUD there is a break out and the breakout rally is gaining momentum, I guess we are looking at a 500pip rally there... somehow i missed this one, haven't been keeping a tab on it, bought it at 1.5445.
RBA is supposed to cut the interest rate on AUD so .....unless you think it will increase it. I don't see a rally but hey what the heck do I know

my bad.....I see I made a fool out of myself....sorta sleep deprived

GBP/AUD means GBP gains on AUD
AVT INVENIAM VIAM AVT FACIAM
  • #726,631
  • Dec 3, 2012 12:47pm Dec 3, 2012 12:47pm
I am still selling each and every rally on the 5 here at my number from this morning, hourly and H2/4 getting better and better.
The great majority are rarely capable of thinking independently.
  • #726,632
  • Dec 3, 2012 12:48pm Dec 3, 2012 12:48pm
Quoting the redlion
what is it that they say?.....................be greedy when people are fearful.....be fearful when people are greedy?

no...., i have noticed ever since the false start spain bailout news that price action has been strange. price action has been violating correlations that i can see every day, and see clearly (as described in earlier posts: outrageously contrary to normal relationship with .uc and ESxx)

when nothing makes sense, it's usually a sign that someone is pushing price around for some purpose of their own... it could be some large M+A deal being executed quietly. who knows?

something is pushing .eu up for a reason i don't understand... bad time to go short.
  • #726,633
  • Dec 3, 2012 12:55pm Dec 3, 2012 12:55pm
Quoting the redlion
RBA is supposed to cut the interest rate on AUD so .....unless you think it will increase it. I don't see a rally but hey what the heck do I know
This is purely a technical call, besides if RBA cuts interest rate it should push the GBP/AUD pair up to the previous monthly high of 1.58850 rather swiftly which will be my first target and it is also the shoulder level, if broken should go on to test 1.6440.
  • #726,634
  • Dec 3, 2012 1:00pm Dec 3, 2012 1:00pm
Quoting B_Prasad
This is purely a technical call, besides if RBA cuts interest rate it should push the GBP/AUD pair up to the previous monthly high of 1.58850 rather swiftly which will be my first target and it is also the shoulder level, if broken should go on to test 1.6440.
yeah I saw my mistake i read AUD/GBP its GBP/AUD so yeah you are right

if i remember correctly RBA rate decision is today
AVT INVENIAM VIAM AVT FACIAM
  • #726,635
  • Dec 3, 2012 1:01pm Dec 3, 2012 1:01pm
Quoting ambroni
Hahaha you can ask screwup
Say hi to my iggy. You'll fit right in with all the other muppets there.
  • #726,636
  • Dec 3, 2012 1:03pm Dec 3, 2012 1:03pm
Quoting attila
Say hi to my iggy. You'll fit right in with all the other muppets there.

He is running for an all time record... I wonder how many members put him on the iggy... Looolll

By the way, I have more than 20 members on the iggy so far, am I being sadistic...???
  • #726,637
  • Dec 3, 2012 1:06pm Dec 3, 2012 1:06pm
Quoting math_GB
He is running for an all time record... I wonder how many members put him on the iggy... Looolll

By the way, I have more than 20 members on the iggy so far, am I being sadistic...???
I don't have too many, but this one is really annoying so I shut him the fuck up. You're not sadistic, I think.
  • #726,638
  • Dec 3, 2012 1:10pm Dec 3, 2012 1:10pm
Quoting the redlion
yeah I saw my mistake i read AUD/GBP its GBP/AUD so yeah you are right

if i remember correctly RBA rate decision is today
I figured that out which is why i quoted the pair again , and yes today is when the RBA rate decision is to be announced. Cheers!!!
  • #726,639
  • Dec 3, 2012 1:14pm Dec 3, 2012 1:14pm
Quoting math_GB
He is running for an all time record... I wonder how many members put him on the iggy... Looolll

By the way, I have more than 20 members on the iggy so far, am I being sadistic...???
we should have a counter against the username to show how many people have them on iggy

might be more relevant than these voucher things

still waiting for the catalogue to see what I can get for them
  • #726,640
  • Dec 3, 2012 1:16pm Dec 3, 2012 1:16pm
Quoting MaxDoom
we should have a counter against the username to show how many people have them on iggy

might be more relevant than these voucher things

still waiting for the catalogue to see what I can get for them

now THAT is an OUTSTANDING IDEA!
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