Now, 1 minutes before close my 1H candle looks much better
Looks like this impuls was a bunch of big SELL orders, hopefully
I grabbed more then I expected, I start my weekend now :-)
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Read Charts - Not Papers
- #65,141
- Jan 18, 2013 7:05am Jan 18, 2013 7:05am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
I grabbed more then I expected, I start my weekend now :-)
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- #65,142
- Edited 7:33am Jan 18, 2013 7:21am | Edited 7:33am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
Now I would watch closely at support line (RED) which holds strong at this moment...
Read Charts - Not Papers
- #65,143
- Jan 18, 2013 7:24am Jan 18, 2013 7:24am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
Good Morning
(...) You are looking at the issues only from the technical side.
Yes, I am looking mostly on technical signs, though I feel comfortable on smaller timeframes, even 1M and 5M charts.
Thnx for your fundamental analysis
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Read Charts - Not Papers
- #65,146
- Edited 8:44am Jan 18, 2013 8:23am | Edited 8:44am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
All pairs lost momentum.
I think it is possible to bounce bit higher, but the target 1.3368 on bearish day is very optimistic for me.
Although some news, like said CurrencyMan, may push price even higher.
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Read Charts - Not Papers
Give it some time...
All pairs lost momentum.
I think it is possible to bounce bit higher, but the target 1.3368 on bullish day is very optimistic for me.
Although some news, like said CurrencyMan, may push price even higher.
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My trade plan is to surf E/U to 1.3368 and once reached, if USD/CAD is under 0.99 I will long that until end of session.
Then I'll setup my screensaver to display the street fighter / mortal combat " fishing him" "flawless victory"
- #65,148
- Jan 18, 2013 8:36am Jan 18, 2013 8:36am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
* bearish day
My trade plan is to surf E/U to 1.3368 and once reached, if USD/CAD is under 0.99 I will long that until end of session.
Then I'll setup my screensaver to display the street fighter / mortal combat " fishing him" "flawless victory"
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Read Charts - Not Papers
I finally switch pairs to get in on more volatility and U/C moves 10x more than E/U (in the direction in which I was) argh!
as for my USD/CAD position that I liquidated prematurely.. my heart is broken. such a long wait and missed out on 50% of the move I was aiming for.
My target was 0.9950. so sad the extra 50 pips happened in a flash
- #65,151
- Jan 18, 2013 10:24am Jan 18, 2013 10:24am
can't win them all. a dip under 1.33 gets me out of this position for shizzle.
as for my USD/CAD position that I liquidated prematurely.. my heart is broken. such a long wait and missed out on 50% of the move I was aiming for.
My target was 0.9950. so sad the extra 50 pips happened in a flash
"If you do not change direction, you may end up where you are heading. "
Lao Tzu
- #65,152
- Jan 18, 2013 10:54am Jan 18, 2013 10:54am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
One quote to sum up my hastiness:
"If you do not change direction, you may end up where you are heading. "
Lao Tzu
Few days ago I was well in profits, and it was some 10 pips left to reach my target.
I saw the steam has gone and market starts to reverse, or at least behaving irrationally, but I said... no, I will keep the direction.
My whole day (nice) profits evaporated within next hour ;-)
Well, I ended up happily on breakeven.
That's forex
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Read Charts - Not Papers
- #65,153
- Jan 18, 2013 11:29am Jan 18, 2013 11:29am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
Psssssssssss..... this is it?
All steam has gone through the whilsle?
It looks like we've done for today, and bears took their profits.
Volatility low, price found support on previous important support/resistance zone 1.32800
Though strong bearish signals has been generated today and we may see further continuation next week...
All steam has gone through the whilsle?
It looks like we've done for today, and bears took their profits.
Volatility low, price found support on previous important support/resistance zone 1.32800
Though strong bearish signals has been generated today and we may see further continuation next week...
Read Charts - Not Papers
- #65,154
- Jan 18, 2013 11:39am Jan 18, 2013 11:39am
- | Commercial User | Joined Nov 2012 | 3,178 Posts
Psssssssssss..... this is it?
All steam has gone through the whilsle?
Trade smaller than rational because the market is irrational...
- #65,155
- Jan 18, 2013 11:44am Jan 18, 2013 11:44am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
This downward move must have been a bear fart and that is all.
Though some weekend bears in US may "re-load" at some point
Read Charts - Not Papers
- #65,156
- Jan 18, 2013 11:47am Jan 18, 2013 11:47am
- | Commercial User | Joined Nov 2012 | 3,178 Posts
It's Friday evening, I think if that was Monday or Tuesday we would see little bit more...
Though some weekend bears in US may "re-load" at some point
Let us hope they find some "beans" to continue farting. Nothing like the smell of a bear fart in the morning when I wake up
Trade smaller than rational because the market is irrational...
- #65,157
- Jan 18, 2013 1:09pm Jan 18, 2013 1:09pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Agreed my FX comrade.
Let us hope they find some "beans" to continue farting. Nothing like the smell of a bear fart in the morning when I wake up
Ingredients
1 oz. Rum, overproof/151 proof
1 oz. Wild Turkey 101
2 tbsp. Lemon Juice
Fill with Lemon-lime Soda
2 wedges Lemon
6 cubes Ice
Mixing Instructions
Stir and serve.
Those who say it cannot be done should not interrupt those who are doing it
Likerty!! hope you can see that
Loved your article on tops and bottoms. Is this what you meant or am I completely off?
The following days led to a range then a jump up to ~3390 before coming back down today. Coupled with that area of Demand (I call ~3244-3280 a supply/demand level) it really helps spot tops and bottoms.
Have a great weekend all!!
Loved your article on tops and bottoms. Is this what you meant or am I completely off?
The following days led to a range then a jump up to ~3390 before coming back down today. Coupled with that area of Demand (I call ~3244-3280 a supply/demand level) it really helps spot tops and bottoms.
Have a great weekend all!!
Do what you are afraid to do -Emerson
- #65,160
- Jan 18, 2013 1:26pm Jan 18, 2013 1:26pm
- | Commercial User | Joined Nov 2012 | 3,178 Posts
Bear Fart Recipe
Ingredients
1 oz. Rum, overproof/151 proof
1 oz. Wild Turkey 101
2 tbsp. Lemon Juice
Fill with Lemon-lime Soda
2 wedges Lemon
6 cubes Ice
Mixing Instructions
Stir and serve.
Sounds better than OJ with my bacon (Weeeeeeeeeeeeeeee) and eggs in the morning.
Although its been many years since I had Rum. The last time I puked all over the inside of my old GF's car. No wonder she left me.
Trade smaller than rational because the market is irrational...