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  • #21,281
  • Dec 4, 2012 12:58pm Dec 4, 2012 12:58pm
one instution
BIG one
FED or what ever
running very simple buy algo

still doing the same thing
created a LC @5M chart & bounced on it
weird.
MKT on it is own cannot loop same actions
it is against its nature.

again
one instution
BIG one
FED or what ever
running very simple buy algo
  • #21,282
  • Dec 4, 2012 12:58pm Dec 4, 2012 12:58pm
Quoting Farrusco
today had good trades 8% , but I have a short underwater, I was thinking of closing it at 1.30775 and reload long do you guys believe it will reach there possibly?


and btw are you guys noticing that euro is becoming the safe currency instead of dollars?
yes technicals and fundamentals are now more bearish towards dollar


but that will only last so long. how long? well 1.33-1.35 is a first good guess. if makes it up there and holds, technically it will still be bullish, but fundamentals could cause another euro crisis, etc


even usd crisis will cause euro to fall. or even the slightest bit of tightening or reduction in deficit by U.S. and or the FED


remember, less debt = less money (currency supply shrinks)

less money = money higher value
Be hopeful in a winning position, and fearful in a losing position.
  • #21,283
  • Dec 4, 2012 1:00pm Dec 4, 2012 1:00pm
1H printed wave # 5+4
with max %75 PB
  • #21,284
  • Dec 4, 2012 1:04pm Dec 4, 2012 1:04pm
Quoting wolve
I am having a hard time believing hoe strong this euro is!
its only strong because its so heavily tied to USD! do you have trouble believing USD is weak when the economic policy has been QEternity since early September (FED buying 40bil in MBS with no fixed end date)?



just throwing it out there
Be hopeful in a winning position, and fearful in a losing position.
  • #21,285
  • Dec 4, 2012 1:04pm Dec 4, 2012 1:04pm
by the way looks like daily wants to finish wave 3 here, more confirmation of possible downside
Be hopeful in a winning position, and fearful in a losing position.
  • #21,286
  • Dec 4, 2012 1:25pm Dec 4, 2012 1:25pm
Quoting stevewalker
TP hit
Way to go!! TP 3100
Good confident trade.
Sometimes it is good not to be infront of the screen.
  • #21,287
  • Dec 4, 2012 1:25pm Dec 4, 2012 1:25pm
added SH 3105
NS
  • #21,288
  • Dec 4, 2012 1:27pm Dec 4, 2012 1:27pm
he he
yes you are wright about that
but for my last 3 trades when I was away Stop Out with BE
this time was lucky

Quoting Swedishtrade
Way to go!! TP 3100
Good confident trade.
Sometimes it is good not to be infront of the screen.
  • #21,289
  • Dec 4, 2012 1:30pm Dec 4, 2012 1:30pm
it will either go 3128 or 3080
  • #21,290
  • Dec 4, 2012 1:35pm Dec 4, 2012 1:35pm
honestly
when I was wake up it was @ 3075
& was bouncing on LC 5M or 15M dont remember
I said to myself buy
then said it does not make same moves dont be stupid.
that stupid non traded trade mıoved 30 pips
weird
  • #21,291
  • Dec 4, 2012 1:41pm Dec 4, 2012 1:41pm
Quoting stevewalker
honestly
when I was wake up it was @ 3075
& was bouncing on LC 5M or 15M dont remember
I said to myself buy
then said it does not make same moves dont be stupid.
that stupid non traded trade mıoved 30 pips
weird
It's four moves at once, Euro getting stronger and becoming the currency to have instead of dollar (dollar no longer as safe)
Dollar getting weak because of QE and fiscal cliff
Risk still on mainly on europe, euribor still making new lows therefore decreasing mortgages and rents.


That's why bears don't have a chance only for scalping purposes!


edit : qe works in this way, when economy is good, dollar gains strenght, when economy is bad QE works the way around and dollar loses power, so this move will only stop when we see good news on fiscal cliff
  • #21,292
  • Dec 4, 2012 1:41pm Dec 4, 2012 1:41pm
doing exectly same @ 5M combined with 15M
  • #21,293
  • Dec 4, 2012 1:45pm Dec 4, 2012 1:45pm
the up move after wave #5 is not MKT move.
it is cleary carried up
I am %51 sure about that.

Quoting Farrusco
It's four moves at once, Euro getting stronger and becoming the currency to have instead of dollar (dollar no longer as safe)
Dollar getting weak because of QE and fiscal cliff
Risk still on mainly on europe, euribor still making new lows therefore decreasing mortgages and rents.


That's why bears don't have a chance only for scalping purposes!


edit : qe works in this way, when economy is good, dollar gains strenght, when economy is bad QE works the way around and dollar loses power, so this move will only stop when we see good news...
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  • #21,294
  • Dec 4, 2012 1:47pm Dec 4, 2012 1:47pm
& that zone is where old TL s are placed
1H 4H D1

Quoting stevewalker
the up move after wave #5 is not MKT move.
it is cleary carried up
I am %51 sure about that.
  • #21,295
  • Dec 4, 2012 1:48pm Dec 4, 2012 1:48pm
look @ chart
4H
there is no single pip out of channel after wave#5
this is algo
not human

Quoting stevewalker
the up move after wave #5 is not MKT move.
it is cleary carried up
I am %51 sure about that.
  • #21,296
  • Dec 4, 2012 1:52pm Dec 4, 2012 1:52pm
Quoting stevewalker
the up move after wave #5 is not MKT move.
it is cleary carried up
I am %51 sure about that.
I'm not saying market isn't being manipulated.

The thing is look at this xD every down bar gets a stronger upbar it's crazy bears have no chance at all.

Dollar index 79.62 right now the minimum is 79.61.. some says it is a bottom I don't believe yet
  • #21,297
  • Dec 4, 2012 1:53pm Dec 4, 2012 1:53pm
IMHO double top is forming on 30m/1h/2h. It can go back under 3070/60 and then SH TP ~2980
  • #21,298
  • Dec 4, 2012 1:54pm Dec 4, 2012 1:54pm
FED wants weak $
fiscal cliff issue helps
thats what is happening.

Quoting Farrusco
I'm not saying market isn't being manipulated.

The thing is look at this xD every down bar gets a stronger upbar it's crazy bears have no chance at all.

Dollar index 79.62 right now the minimum is 79.61.. some says it is a bottom I don't believe yet
  • #21,299
  • Dec 4, 2012 1:55pm Dec 4, 2012 1:55pm
D1 LC @ 2995

Quoting jynx_km
IMHO double top is forming on 30m/1h/2h. It can go back under 3070/60 and then SH TP ~2980
  • #21,300
  • Dec 4, 2012 1:56pm Dec 4, 2012 1:56pm
here
IMHO
< 3036 is not possible

Quoting stevewalker
D1 LC @ 2995
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