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EURUSD

  • #730,861
  • Dec 12, 2012 5:27am Dec 12, 2012 5:27am
Quoting math_GB
Bears still don't hop in... Every 5 pip drop means another poor guy will be smashed by the SL of his/her choice.. Seriously we should probably stop shorting, we are only throwing fuel to the fire...
Its been like this now for 24hrs. This kind of price action is nasty if you keep trying to pick the top.
Taken a few shorts on the DOW (I should know better) over the last new days and each time been stopped out obviously.
Top I doubt will come until FOMC or it may just carry on and get a whole lot more bullish if we get more Easing.

had a look and see the potential H&S forming.
rat
  • #730,862
  • Dec 12, 2012 5:29am Dec 12, 2012 5:29am
back in a few hours i have a funeral to go to
Trade What You See Not What You Want To See
  • #730,863
  • Dec 12, 2012 5:30am Dec 12, 2012 5:30am
FOMC may be a surprise for one pair. usd/jpy. rest all pairs have priced in this move from fed and not to add

No impact from QE4 either. probably after QE10 unemployment will come to sub 2%

  • #730,864
  • Dec 12, 2012 5:30am Dec 12, 2012 5:30am
Quoting rattyo
Its been like this now for 24hrs. This kind of price action is nasty if you keep trying to pick the top.
Top I doubt will come until FOMC or it may just carry on and get a whole lot more bullish.

had a look and see the potential H&S forming.
True... No, I never - ever - try to pick tops/bottoms. I had my share of punishment with that It looks like a slow upside move till FOMC and yes! It can get extra bullish I have no doubt about that. I recall one of your previous posts, where you mention you would buy at dips, even if we drop below 1.2940, do you think the move is still to the upside...???
  • #730,865
  • Dec 12, 2012 5:34am Dec 12, 2012 5:34am
anyone seeing a bearflag on 1hr tapping utl now??
If you are new to Forex? Say Goodbye to your account!!
  • #730,866
  • Dec 12, 2012 5:35am Dec 12, 2012 5:35am
Quoting KiwiTrada
anyone seeing a bearflag on 1hr tapping utl now??
seeing a topout pattern on gbp/jpy around 133.85
  • #730,867
  • Dec 12, 2012 5:35am Dec 12, 2012 5:35am
My expectations as to EURUSD is the next:
BUY
If the price breaks through the level 1.30100 I think that bullish movement will start. Take profit of the bullish movement: 1.30465, 1.31248.
  • #730,868
  • Dec 12, 2012 5:35am Dec 12, 2012 5:35am
Quoting MaxDoom
are cheap seats worth it if you don't get to see the show
always
those who can, do. those who cant, talk about those who can
  • #730,869
  • Dec 12, 2012 5:38am Dec 12, 2012 5:38am
Quoting KiwiTrada
anyone seeing a bearflag on 1hr tapping utl now??
but looks this train don't have brake running on hope of Ben will re-fuel ,better wait till it's run out of fuel
Mohan
  • #730,870
  • Dec 12, 2012 5:38am Dec 12, 2012 5:38am
Quoting math_GB
True... No, I never - ever - try to pick tops/bottoms. I had my share of punishment with that It looks like a slow upside move till FOMC and yes! It can get extra bullish I have no doubt about that. I recall one of your previous posts, where you mention you would buy at dips, even if we drop below 1.2940, do you think the move is still to the upside...???
really most candle trading and idis are picking tops and bottoms.. trend lines,, fibs its all picking tops and bottoms..
those who can, do. those who cant, talk about those who can
  • #730,871
  • Dec 12, 2012 5:39am Dec 12, 2012 5:39am
boys time to action
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The Phoenix Trader....
  • #730,872
  • Dec 12, 2012 5:41am Dec 12, 2012 5:41am
Quoting Z3iz3i
Not really. Algos are to mean to execute an order at certain price level but those bots probably try to analyze something as well.

First take enough big period of time to test. Then use daily open prices on pair with proper moving averages (that you need to test as well) and try to find iterative patterns/price levels/distances.

Then for execution need to look for 1min or tick-based tfs on proper price level.
'

Mr. Perfect you are back. ok since you are back let me ask you.

what will be the impact of FOMC on usd/jpy?
  • #730,873
  • Dec 12, 2012 5:42am Dec 12, 2012 5:42am
Quoting gatorinla
really most candle trading and idis are picking tops and bottoms.. trend lines,, fibs its all picking tops and bottoms..
Yes but I meant, I never trade one level as top or bottom, there is always some epsilone amount of pips depending on which Fib, supp/res I am trading. It probably takes years to master levels to call them top/bottom so precisely like you do. I am no expert so have to keep that in mind while trading and use proper SLs.
  • #730,874
  • Dec 12, 2012 5:42am Dec 12, 2012 5:42am
Quoting gatorinla
should get 3071 adr,, 3076 is in the sequence.. so is 3068 in another, in a norm b/o move i would want 68 (and look for weakness)..
but if this is just a bear retrace we already have enough.. the close being above 3003, so maybe we want a full adr at 70/71 ish
the sequence for 26 is still 51 76 01... that slap-down before the h role shows what it is.
old tl at 3030
pos
those who can, do. those who cant, talk about those who can
  • #730,875
  • Dec 12, 2012 5:43am Dec 12, 2012 5:43am
Quoting mohan76
but looks this train don't have brake running on hope of Ben will fuel ,better wait it's run out of fuel
dont worry just chill wait for FOMC Drama...

then we ll see the market commentry
The Phoenix Trader....
  • #730,876
  • Dec 12, 2012 5:45am Dec 12, 2012 5:45am
Quoting FX Wolf
apologies if i offended you BTW 1.0522 is major res on my chart if closed(ny) above 522 to me it's break out trade for aussie, i'll add to long

g/l g/l sweetie
HI friends!!

aussie added long 525

g/l
Wolves don't lose any sleep over the opinion of the sheep.
  • #730,877
  • Dec 12, 2012 5:46am Dec 12, 2012 5:46am
Quoting Nachiket
'

Mr. Perfect you are back. ok since you are back let me ask you.

what will be the impact of FOMC on usd/jpy?
Good to see you student

Mr. Perfect does not trade jpy pairs so i do not have an answer
They think they are smarter than I am.
  • #730,878
  • Dec 12, 2012 5:47am Dec 12, 2012 5:47am
Quoting math_GB
Yes but I meant, I never trade one level as top or bottom, there is always some epsilone amount of pips depending on which Fib, supp/res I am trading. It probably takes years to master levels to call them top/bottom so precisely like you do. I am no expert so have to keep that in mind while trading and use proper SLs.
im not precise.. i dont know what its going to do. i just try to find places it would likely happen. then its up to weakness.. and even then it may run the place over with a new wind.
those who can, do. those who cant, talk about those who can
  • #730,879
  • Dec 12, 2012 5:48am Dec 12, 2012 5:48am
FOMC + BERNANKE ....any idea About Tonight's events ??
what will be the most probable Result for Euro and Gold ??
  • #730,880
  • Dec 12, 2012 5:49am Dec 12, 2012 5:49am
EUR/USD

hmm 3040ish or 3070ish may be i dunno which one's correct, as i trade dailies i'll be more clear after the ny close


which one's correct or going higher?

g/l g/l
Wolves don't lose any sleep over the opinion of the sheep.
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