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  • #762,521
  • Feb 21, 2013 1:29pm Feb 21, 2013 1:29pm
Quoting attila
better make a new LL or it turns here.
Taken a long here @ 72. Tight stop bounce or kill
  • #762,522
  • Feb 21, 2013 1:30pm Feb 21, 2013 1:30pm
Quoting Ken A
Still can't figure out from yesterday why U/J is inversely correlated with E/U on H1. Looks like this E/U down move was pretty much related to Yen.
Sell euro to buy yen and vice versa. There was strength in both dollar and yen
When the facts change I change my mind, what do you do sir
  • #762,523
  • Feb 21, 2013 1:30pm Feb 21, 2013 1:30pm
Quoting attila
not currently.. just my chart.
I asked because I have noticed relation between smart money and shift in sentiment, the top COT is from July just before we hit 1,20 and the lower one is from 25th of Jan 2013, lets see how far this can go...

Quoting tomspin
something I have noticed before current trend started, now seems like same balance between traders could be sign of toping this rally, we'll see...

http://s1.postimage.org/tvlaadhzj/cot_top.gif
free photo hosting

In both cases look at the total number which is combo of comercial and non comercial traders
swing it!
  • #762,524
  • Feb 21, 2013 1:31pm Feb 21, 2013 1:31pm
Quoting MaxDoom
Taken a long here @ 72. Tight stop bounce or kill
Might be a good trade given the support right underneath!!
When the facts change I change my mind, what do you do sir
  • #762,525
  • Feb 21, 2013 1:33pm Feb 21, 2013 1:33pm
Still in short. Will close if E/J is going the other direction.

Attached Image

  • #762,526
  • Feb 21, 2013 1:36pm Feb 21, 2013 1:36pm
Quoting tomspin
I asked because I have noticed relation between smart money and shift in sentiment, the top COT is from July just before we hit 1,20 and the lower one is from 25th of Jan 2013, lets see how far this can go...
I was always interested in the commercials.. I also think with all the talk of qe ending, the market is going to go into withdrawals as it's been on crack for several years now, and into the dollar.
  • #762,527
  • Feb 21, 2013 1:36pm Feb 21, 2013 1:36pm
Quoting gatorinla
makes no difference to me what type of account you use. if your a decent trader, or even if you parrot, a signal service. giving sound trading advice is welcome in my book. to be honest i have not been reading your stuff. the last few days i have weeded through the attacks and the defense of you. i dont care if you sleep with goats, and most reading this dont. i am a lazy sob, and posting this is a waste of my energy. if you are for real, the best way to shut up the critics. is to prove them wrong with sound advice. hopefully before the move, that's...
Post of the day
A good trader follows his rules, but great trader knows when to break them
  • #762,528
  • Feb 21, 2013 1:37pm Feb 21, 2013 1:37pm
Quoting MaxDoom
Taken a long here @ 72. Tight stop bounce or kill
so you're gonna deny me my 3140, eh?
  • #762,529
  • Feb 21, 2013 1:43pm Feb 21, 2013 1:43pm
Quoting attila
I was always interested in the commercials.. I also think with all the talk of qe ending, the market is going to go into withdrawals as it's been on crack for several years now, and into the dollar.
They are usually early on positions, then non commercials catch up, then positions become more ballanced and there is increase in one direction, it takes time to master it and it has been my second cycle so far - if current drop is a game changer, but I think it is useful tool to limit risk even further.
swing it!
  • #762,530
  • Feb 21, 2013 1:44pm Feb 21, 2013 1:44pm
Quoting tomspin
They are usually early on positions, then non commercials catch up, then positions become more ballanced and there is increase in one direction, it takes time to master it and it has been my second cycle so far - if current drop is a game changer, but I think it is useful tool to limit risk even further.
it is. maybe I should start looking at it again.
  • #762,531
  • Feb 21, 2013 1:45pm Feb 21, 2013 1:45pm
Quoting alanadek
And i do not like it

This is what I think if it makes sense at all. The gain as seen in USD/JPY is not because YEN strengthen but because of USD gain. When USD gain reflects in EUR/USD bearish. I don't know when this bearish tone in E/U will last base on the assumption FED will tighten and rate hike. I just don't see how when employment rate is not improving.

USD bullish also shown on USD/CAD.
  • #762,532
  • Feb 21, 2013 1:48pm Feb 21, 2013 1:48pm
Quoting Ken A
This is what I think if it makes sense at all. The gain as seen in USD/JPY is not because YEN strengthen but because of USD gain. When USD gain reflects in EUR/USD bearish. I don't know when this bearish tone in E/U will last base on the assumption FED will tighten and rate hike. I just don't see how when employment rate is not improving.
Yep, but the strength in the Y limited the movement. Dollar reaching highs of day. EURUSD 1.3166 broken more downside looks like (EDIT) if it closes below
When the facts change I change my mind, what do you do sir
  • #762,533
  • Feb 21, 2013 1:51pm Feb 21, 2013 1:51pm
Quoting Ken A
This is what I think if it makes sense at all. The gain as seen in USD/JPY is not because YEN strengthen but because of USD gain. When USD gain reflects in EUR/USD bearish. I don't know when this bearish tone in E/U will last base on the assumption FED will tighten and rate hike. I just don't see how when employment rate is not improving.
I dont see any way they'll tighten. They cant- not because of the economy- there was no way all the QE was gonna improve anything anyway. All the printing is to enable the deficit- nobody else buys treasuries so the Fed must do it: 90% of all new issuance. As long as congress has a trillion dollar deficit the Fed will have to buy it, forever. It's that simple. Welcome to Zimbabwe.
  • #762,534
  • Feb 21, 2013 1:55pm Feb 21, 2013 1:55pm
Quoting attila
so you're gonna deny me my 3140, eh?
it seems not

enjoy it

back tomorrow
  • #762,535
  • Feb 21, 2013 1:55pm Feb 21, 2013 1:55pm
Quoting SpacyTrader
I dont see any way they'll tighten. They cant- not because of the economy- there was no way all the QE was gonna improve anything anyway. All the printing is to enable the deficit- nobody else buys treasuries so the Fed must do it: 90% of all new issuance. As long as congress has a trillion dollar deficit the Fed will have to buy it, forever. It's that simple. Welcome to Zimbabwe.

Agreed but markets don't see it that way hence the down move boosted by FOMC minutes yesterday.

BTW, your avatar is more interesting than your post
  • #762,536
  • Feb 21, 2013 1:59pm Feb 21, 2013 1:59pm
Quoting daemon_delux
Imho, based only on candlestick patterns and feeling, this is the way to go for the next area (short to medium term, with some bumps along). I'm not going to post the full analysis, cos' the majority of muppets here won't grasp it anyway.

Didn't post for some time, it's nice to be back. I see KW & Jay are still here, trying to instruct the "algogo" muppets, wtg guys.
Seems like it was a decent step down. I'm waiting to see 3080-90 in a few days. That's the great turning point I'm waiting for. Until then, ta-ta.
Please, just slap me around if I'm being silly ...
  • #762,537
  • Feb 21, 2013 2:07pm Feb 21, 2013 2:07pm
Quoting MaxDoom
Taken a long here @ 72. Tight stop bounce or kill
With u on this one
Long @712
A good trader follows his rules, but great trader knows when to break them
  • #762,538
  • Feb 21, 2013 2:07pm Feb 21, 2013 2:07pm
Quoting Ken A
Agreed but markets don't see it that way hence the down move boosted by FOMC minutes yesterday.

BTW, your avatar is more interesting than your post
lol Nice reply. I don't know if I should thank you for the compliment or be offended.
  • #762,539
  • Feb 21, 2013 2:18pm Feb 21, 2013 2:18pm
one more scalp. going sleep
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looking for investors . pm me
  • #762,540
  • Feb 21, 2013 2:26pm Feb 21, 2013 2:26pm
Quoting Affirmed
Picked up bottom of the month, nothing but higher now.
Yeeeah... kinda doubt that. People kept picking bottoms around here all month. I think it's gonna be at least a week until a significant upmove and even after that its still gonna probably continue going down for a while.
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