1.2955 XE ATM
(following the "if not directly long to 3030īs" - alternative)
- #39,461
- Mar 24, 2013 2:53pm Mar 24, 2013 2:53pm
(following the "if not directly long to 3030īs" - alternative)
- #39,462
- Edited 5:22pm Mar 24, 2013 3:02pm | Edited 5:22pm
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
Thanks, from a smaller Time Frame of a trade we want to be in same direction of commercials (Hershey, Nabisco, Quaker ect...) they will create these pullbacks that will last about a week or so.
In the longer interem like trying to stay in a trade for months at a time we want to focus on the Large traders as they will wash out the waves created by these commercials).
Right now I will focus on what the Commercials are doing for my sake and ride this euro long out for about a week or so then take the overall momentum of the Large Big dog's and ultimately...
Good observations..
but not sure about "the overall momentum of the Large Big dog's" though.. 
End of month Easter egg hunt week coming Up..
http://www.forexfactory.com/attachme...1&d=1364126549
- #39,463
- Mar 24, 2013 3:10pm Mar 24, 2013 3:10pm
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
Good observations..
Attachment
End of month Easter egg hunt week coming Up..
Meaning I do agree with your overall look
Know when to hold em, Know when to fold em!
- #39,464
- Edited 5:22pm Mar 24, 2013 3:40pm | Edited 5:22pm
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
Thanks the first chart as a 4 year chart is a pretty big gap in time. I am looking at a smaller tf perspective. As stated in previous posts it is definately bearish. That first chart is way too big to make money in the current picture. I am only riding a small wave up before the overall downtrend continues.
Meaning I do agree with your overall look
the Big dogs had been covering some of their windfalls from last July.. their sentiment could change on a dime @ good risk-adjusted inflection zones..
the 4 year chart provide a better perspective.. tf is irrelevant if one is looking at the data from a particular point of interest.. here's the same pic zoomed in:
- #39,466
- Mar 24, 2013 3:53pm Mar 24, 2013 3:53pm
- | Commercial User | Joined Nov 2012 | 3,178 Posts
Trade smaller than rational because the market is irrational...
- #39,469
- Mar 24, 2013 4:04pm Mar 24, 2013 4:04pm
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
would be nice
Gapped down for another push up. Al though there are no real such things as a Gap
Know when to hold em, Know when to fold em!
- #39,472
- Mar 24, 2013 4:09pm Mar 24, 2013 4:09pm
Gapped down for another push up. Al though there are no real such things as a Gap
P.S.: I got still another 50 min of waiting until opening.. Do your brokers open already an hour "early" or is it still external data you refer to?
- #39,473
- Mar 24, 2013 4:12pm Mar 24, 2013 4:12pm
- | Commercial User | Joined Nov 2012 | 3,178 Posts
Trade smaller than rational because the market is irrational...
not really, but practically as I have no influence on the mkt, including open orders until my broker decides to go back online sundaynight
P.S.: I got still another 50 min of waiting until opening.. Do your brokers open already an hour "early" or is it still external data you refer to?
Disclaimer: I'm still new to forex
- #39,475
- Mar 24, 2013 4:15pm Mar 24, 2013 4:15pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
Excellent advise Steve. There isnt much liquidity now to make a decision with PA. Keeping the powder dry is a market position.
- #39,476
- Mar 24, 2013 4:19pm Mar 24, 2013 4:19pm
- | Commercial User | Joined Nov 2012 | 3,178 Posts
Trade smaller than rational because the market is irrational...
- #39,477
- Mar 24, 2013 4:35pm Mar 24, 2013 4:35pm
- | Commercial User | Joined Nov 2012 | 3,178 Posts
Trade smaller than rational because the market is irrational...
