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  • #768,241
  • Mar 6, 2013 2:55pm Mar 6, 2013 2:55pm
Quoting 1candlepower
what are you seeing that would cause that?
I don't know what he's basing his call off of but I wouldn't go short with demand right below haha.
  • #768,242
  • Edited 3:13pm Mar 6, 2013 2:57pm | Edited 3:13pm
I will stay away from fresh E/J short as U/J is above 94.00 atm.

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After closing some E/J longs locked in BE+1 let it ride or stopped out later.

Attached Image



Two fresh A/U longs killed and two stopped out trailing by Dollar on steroids
  • #768,243
  • Mar 6, 2013 2:59pm Mar 6, 2013 2:59pm
Quoting Kanzler
I don't know what he's basing his call off of but I wouldn't go short with demand right below haha.
yep is 10am here and I really need go to bed, but pa is really really getting squeezed, swissy close resist, eu, attacking neckline, shit she should bounce, and I think alot expecting her to bounce, would be perfect time for a neckline break, which everyone knows are the most violent breaks, rr is long, but a break south will kill many positioning, good time to watch but also good time go to bed, bb brit open
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  • #768,244
  • Mar 6, 2013 3:09pm Mar 6, 2013 3:09pm
Quoting 1candlepower
what are you seeing that would cause that?
Well EJ has given a postive sign of retracement so according to that we should see 123.47 -124.08 in action tom if the 4H close stays above the 122.17

and the EU need just a close above 1.3010 to confirm going up and i believe we will be seeing tom 3250 in actions again to 3310

But again thats my analysis
  • #768,245
  • Edited 3:21pm Mar 6, 2013 3:10pm | Edited 3:21pm
Quoting Kanzler
I don't know what he's basing his call off of but I wouldn't go short with demand right below haha.

i can see that price hasn't been much below this area since 12/12/12 (???), but usdx futures are ready (in next 10-15 mins) to either fall out of channel been in all day, ---- or continue on up, which would mean a fall. if usdx breaks 82.55 (76.4 fibo that held last friday) we probably have a long, long way to fall.
  • #768,246
  • Mar 6, 2013 3:16pm Mar 6, 2013 3:16pm
Quoting Stonar901
Well EJ has given a postive sign of retracement so according to that we should see 123.47 -124.08 in action tom if the 4H close stays above the 122.17


i'm with you on .ej to a point; but, if .uj goes thru roof based on boj action, then .eu can still drop like a rock - there is limit to how far .uj can drag .ej
  • #768,247
  • Mar 6, 2013 3:18pm Mar 6, 2013 3:18pm
Quoting KiwiTrada
yep is 10am here and I really need go to bed, but pa is really really getting squeezed, swissy close resist, eu, attacking neckline, shit she should bounce, and I think alot expecting her to bounce, would be perfect time for a neckline break, which everyone knows are the most violent breaks, rr is long, but a break south will kill many positioning, good time to watch but also good time go to bed, bb brit open
Agreed, I'm staying flat on it.

Quoting 1candlepower
i can see that price hasn't been much below this area since 12/12/12 (???), but usdx futures are ready (in next 10-15 mins) to either fall out of channel been in all day, ---- or continue on up, which would mean a fall. if usdx breaks 82.55 (76.4 fibo that held last thurs) we probably have a long, long way to fall.
It's not so much that price hasn't been down in this area for a long time but that there's a broad area of demand back to 3/1 that hasn't even been half way penetrated yet, although it's been tapped multiple times. It'll take a strong bear effort to break it, but I'm not seeing a lot of indications that bulls are pushing much here either so in my opinion this isn't an area to take a position at.
  • #768,248
  • Mar 6, 2013 3:22pm Mar 6, 2013 3:22pm
Quoting 1candlepower
i'm with you on .ej to a point; but, if .uj goes thru roof based on boj action, then .eu can still drop like a rock - there is limit to how far .uj can drag .ej
Yeah true but this will only happen when EJ starts to fall from 124.08 coz i believe we will be seeing 117.82 soon in action then down to 114.50-114.86 there i would be watching closely how it reacts
  • #768,249
  • Mar 6, 2013 3:25pm Mar 6, 2013 3:25pm
Quoting Kanzler
Agreed, I'm staying flat on it.



It's not so much that price hasn't been down in this area for a long time but that there's a broad area of demand back to 3/1 that hasn't even been half way penetrated yet, although it's been tapped multiple times. It'll take a strong bear effort to break it, but I'm not seeing a lot of indications that bulls are pushing much here either so in my opinion this isn't an area to take a position at.


i kinda agree with that... the key for me is 2970 b/o to downside or move above usdx 82.55
  • #768,250
  • Mar 6, 2013 3:31pm Mar 6, 2013 3:31pm
Quoting 1candlepower
i kinda agree with that... the key for me is 2970 b/o to downside or move above usdx 82.55


i also think waiting til tomorrow to s .eu above 1.3 is great strategy because going long today to catch the short tom will make u ... (prob not happening)
  • #768,251
  • Mar 6, 2013 3:34pm Mar 6, 2013 3:34pm
Quoting Bocephus
Check your 8h charts, that is driving this.
as posted over 5 hours ago the 8h is driving this and I see it driving us to 2940 range
  • #768,252
  • Mar 6, 2013 3:47pm Mar 6, 2013 3:47pm
this will be devastating for ny's ego if they cant take out that march 1st low.....definitely will require counseling
  • #768,253
  • Mar 6, 2013 4:01pm Mar 6, 2013 4:01pm
seems will be seeing 2900 on EU dollar soon :S
  • #768,254
  • Mar 6, 2013 4:08pm Mar 6, 2013 4:08pm
gosh who would have thought that in the last minute ny would somehow manage to reach a new low ?

by taking the viewpoint that ny has an obsession with being the big dog on the block my trading has very much improved during the ny session.

they're laughably desperate to have the highest high or lowest low.
  • #768,255
  • Mar 6, 2013 4:12pm Mar 6, 2013 4:12pm
Quoting Stonar901
seems will be seeing 2900 on EU dollar soon :S


didn't expect it to lurch down like that - little odd... think i'll lose a pip or 2, back out and wait.
  • #768,256
  • Mar 6, 2013 4:13pm Mar 6, 2013 4:13pm
Quoting godrich
gosh who would have thought that in the last minute ny would somehow manage to reach a new low ?

by taking the viewpoint that ny has an obsession with being the big dog on the block my trading has very much improved during the ny session.

they're laughably desperate to have the highest high or lowest low.
I was just thinking the same thing. It is pretty funny.
What is any ocean but a multitude of drops?
  • #768,257
  • Mar 6, 2013 4:14pm Mar 6, 2013 4:14pm
Quoting godrich
gosh who would have thought that in the last minute ny would somehow manage to reach a new low ?

by taking the viewpoint that ny has an obsession with being the big dog on the block my trading has very much improved during the ny session.

they're laughably desperate to have the highest high or lowest low.
And thanks to all the selling we have a nice new place to sell around 1.2989.
  • #768,258
  • Mar 6, 2013 4:17pm Mar 6, 2013 4:17pm
Quoting 1candlepower
didn't expect it to lurch down like that - little odd... think i'll lose a pip or 2, back out and wait.
Yeah me too weird i think we should stay a side till things get clear here
  • #768,259
  • Mar 6, 2013 4:22pm Mar 6, 2013 4:22pm
just catch this one
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  • #768,260
  • Mar 6, 2013 4:22pm Mar 6, 2013 4:22pm
I wonder how many jaw drops we will have from ppl that claim the euro will disappear when it reaches 1.50 by the end of the year. But 1st thing is 1st...i guess we gotta hit 1.20 b4 that.
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