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EURUSD

  • #739,741
  • Dec 30, 2012 8:48pm Dec 30, 2012 8:48pm
careful of the falling knife

Quoting pipper
be nice to get an 80 pip drop between now and london
Disclaimer: Check your 1m charts
  • #739,742
  • Dec 30, 2012 8:49pm Dec 30, 2012 8:49pm
OK, I was wrong..no set up for me.
  • #739,743
  • Dec 30, 2012 8:52pm Dec 30, 2012 8:52pm
Quoting gatorinla
back to 3188 min are likely
st did its thing, w/o retrace. now we need -57 touched. if not bulls return.. 3082 is target still not achieved
those who can, do. those who cant, talk about those who can
  • #739,744
  • Dec 30, 2012 8:59pm Dec 30, 2012 8:59pm
Quoting gatorinla
be careful... bears may want 200+ pips before we close the year 2962. today we are already close to recent adr already
sos
those who can, do. those who cant, talk about those who can
  • #739,745
  • Dec 30, 2012 9:08pm Dec 30, 2012 9:08pm
Quoting NuNix
EU H1 Harmonic view : It could be the formation of three drives to a bottom. AB=CD has classical completed pattern on 61.8% and 161.8%, the next retracement is 78.6%, to complete the classical three drives it should form the extension 127.0% right on the PRZ. My short (already BE+1) target is on the PRZ 1.314x, and looking for bullish formation right on there.
H1 closed 5 pips above 61.8% retracement, it is a warning for bearish....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H1.JPG Size: 84 KB
Click to Enlarge Name: H1b.JPG Size: 91 KB
Dangdut is a music of my country
  • #739,746
  • Dec 30, 2012 9:10pm Dec 30, 2012 9:10pm
Quoting yelena
1 more drop before going long (EU). positioning now = heavy DD. if wrong then i will lose the opportunity to enter at a good price.
Quoting attila
OK, I was wrong..no set up for me.
nah. LONG is the correct position for the fiscal cliff. this is the DD i was referring to (if one is already in a long). if correct, the big boys and girls are already positioning "at a better price." from here on, we will range but deceive people as if it is bearish... 3170 looks yummy to go long. treating fiscal cliff like NFP or interest rate. 300 pippers for EU today most likely. hello 3393 !! (today's R4).. patiently waiting. no falling knife today. more like fireworks ..... but it's just me.
  • #739,747
  • Dec 30, 2012 9:14pm Dec 30, 2012 9:14pm
Quoting yelena
nah. LONG is the correct position for the fiscal cliff. this is the DD i was referring to (if one is already in a long). if correct, the big boys and girls are already positioning "at a better price." from here on, we will range but deceive people as if it is bearish... 3170 looks yummy to go long. treating fiscal cliff like NFP or interest rate. 300 pippers for EU today most likely. hello 3393 !! (today's R4).. patiently waiting.

no falling knife today. more like fireworks ..... but it's just me.
possible... i would have liked it to not break 3200..
  • #739,748
  • Dec 30, 2012 9:14pm Dec 30, 2012 9:14pm
Quoting yelena
nah. LONG is the correct position for the fiscal cliff. this is the DD i was referring to (if one is already in a long). if correct, the big boys and girls are already positioning "at a better price." from here on, we will range but deceive people as if it is bearish... 3170 looks yummy to go long. treating fiscal cliff like NFP or interest rate. 300 pippers for EU today most likely. hello 3393 is today's R4.. patiently waiting.
Highly doubt that will happen on the last trading day of the year. The distribution has been happening for awhile. Are they waiting for a grand entrance?
  • #739,749
  • Dec 30, 2012 9:15pm Dec 30, 2012 9:15pm
Dow futures hitting lows also. euro should get another burst to the downside soon
Disclaimer: Check your 1m charts
  • #739,750
  • Dec 30, 2012 9:17pm Dec 30, 2012 9:17pm
Quoting pip_trader
Highly doubt that will happen on the last trading day of the year. The distribution has been happening for awhile. Are they waiting for a grand entrance?
I agree, in this case, you are looking at the fact most people close books today. THis is the last 24 hours of trading in 2012, and the main indices are UP! Why? Hope and free bernanke money among general rebounds, but most people will use this time, and this "limbo" in the fiscal uncertainty to take profit. Expect a down day today, if not, I"ll be very very surprised.

You'll have people jumping ship and taking profit. However, not many new positions will be coming on board yet.
  • #739,751
  • Edited 9:36pm Dec 30, 2012 9:25pm | Edited 9:36pm
Quoting lolygagv2
I agree, in this case, you are looking at the fact most people close books today. THis is the last 24 hours of trading in 2012, and the main indices are UP! Why? Hope and free bernanke money among general rebounds, but most people will use this time, and this "limbo" in the fiscal uncertainty to take profit. Expect a down day today, if not, I"ll be very very surprised.

You'll have people jumping ship and taking profit. However, not many new positions will be coming on board yet.
It is interesting because Nikkei was up, but the Chinese and Australian markets were down due to "fiscal cliff" concerns. I only assume traders are setting up longer-term positions for the new year, but the S&P is looking very bearish ( dark cloud cover on 1D, but thats subjective; objectively it is trading far beyond the 13/50/200-DEMA). I am getting a feeling of the "sell the fact" because the debt ceiling is the major concern because Congress can retro-active the tax cuts if the US does go over.

EDIT: /DX (Dollar) and 10-Y Note both trading higher.
  • #739,752
  • Dec 30, 2012 9:25pm Dec 30, 2012 9:25pm
tp before taxes go up day.
those who can, do. those who cant, talk about those who can
  • #739,753
  • Dec 30, 2012 9:33pm Dec 30, 2012 9:33pm
12hr and 8hr looks bearish so going to hit the sack and keep short on. few obstacles in the way and hopfully fake inverse H&S. trade safe
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.PNG Size: 67 KB
Disclaimer: Check your 1m charts
  • #739,754
  • Dec 30, 2012 9:41pm Dec 30, 2012 9:41pm
Not much happening
New voice message: Why are you calling me? If I need you, I'll call you!
  • #739,755
  • Dec 30, 2012 9:46pm Dec 30, 2012 9:46pm
Yes killer whale my gj long is doing wonderful!!!your short arent you? I might tp soon...
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #739,756
  • Dec 30, 2012 9:49pm Dec 30, 2012 9:49pm
+45 pippers geppy!!!
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #739,757
  • Dec 30, 2012 10:06pm Dec 30, 2012 10:06pm
Quoting fxrustyspoon
+45 pippers geppy!!!
have a cookie.
  • #739,758
  • Dec 30, 2012 10:09pm Dec 30, 2012 10:09pm
Quoting attila
have a cookie.
You got cookies?

Dammit, gimme one!
Not all sins are created equal
  • #739,759
  • Dec 30, 2012 10:10pm Dec 30, 2012 10:10pm
Quoting fxrustyspoon
Yes killer whale my gj long is doing wonderful!!!your short arent you? I might tp soon...
I took profit a few hours back and now again short @ 139.25 average
New voice message: Why are you calling me? If I need you, I'll call you!
  • #739,760
  • Dec 30, 2012 10:11pm Dec 30, 2012 10:11pm
Quoting Jay Walker
You got cookies?

Dammit, gimme one!
Did you come here after the fact and brag about your wet pips? No, so no cookie for you.
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