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  • #784,941
  • Apr 9, 2013 2:51am Apr 9, 2013 2:51am
Quoting Pip Anon
Well I have seen when overbought assets are sold very quick to continue upward
Oh you meant overbought, well yeah I guess. I don't put any stock in overbought/oversold though, personally. A lot of times the top of the monitor acts an illusion for where price should start turning around because it's "moved too far", but until price finds enough sellers to reverse the current wave of capital I can certainly see more upside. Look back at how EJ was earlier last year, Abe's radical policy is totally destroying the Yen and other traders are eating it up.
  • #784,942
  • Apr 9, 2013 2:52am Apr 9, 2013 2:52am
Quoting Pip Anon
Looks like theyre just shaking the oversold condition off
it broke the pivot now it is back to retest it from the underside, a failure should open a new low here, and of course success opens the upside again although 129 sits just above
  • #784,943
  • Apr 9, 2013 3:00am Apr 9, 2013 3:00am
Quoting gatorinla
looks like 3106/07.. waiting to L with a signal after we drop to 3002.x till 2967 w/o much lower... we got some anticipated R 3072 and 3073
atm we missed and i was unable to enter/ low at 3004
those who can, do. those who cant, talk about those who can
  • #784,944
  • Apr 9, 2013 3:07am Apr 9, 2013 3:07am
Quoting MaxDoom
it broke the pivot now it is back to retest it from the underside, a failure should open a new low here, and of course success opens the upside again although 129 sits just above
cleared the pivot to the upside I am now in a long took -17 on the short though.


from MNI

EURO-YEN: Fundamental levels (orders, options, technicals)
Y130.33 20 Jan 10 high
Y130.00 Offers on approach, barrier, stops
Y129.94 Asian high
Y129.70 Strong offers
Y129.55/60 Medium offers
Y129.31 European high
Y129.15/20 Minor offers
Y128.83 ***Current market price 0802GMT Tuesday
Y128.44 European low
Y128.05/00 Strong demand
Y127.80 4.00% MA envelope top
Y127.75/70 Medium demand
Y127.50 Strong demand, stops
Y127.38 23.6% of Y119.11-129.94
Y127.00 Strong demand, stops
  • #784,945
  • Apr 9, 2013 3:07am Apr 9, 2013 3:07am
Quoting gatorinla
3106/07 is the target 3194 area is where i look to short
weakness after 3106, big R 3194 ish
those who can, do. those who cant, talk about those who can
  • #784,946
  • Apr 9, 2013 3:08am Apr 9, 2013 3:08am
Lol this is ridiculous
When the facts change I change my mind, what do you do sir
  • #784,947
  • Apr 9, 2013 3:10am Apr 9, 2013 3:10am
Quoting MaxDoom
cleared the pivot to the upside I am now in a long took -17 on the short though.
Max you got stopped out and you are happy
  • #784,948
  • Apr 9, 2013 3:10am Apr 9, 2013 3:10am
Quoting MaxDoom
cleared the pivot to the upside I am now in a long took -17 on the short though. from MNI EURO-YEN: Fundamental levels (orders, options, technicals) Y130.33 20 Jan 10 high Y130.00 Offers on approach, barrier, stops Y129.94 Asian high Y129.70 Strong offers Y129.55/60 Medium offers Y129.31 European high Y129.15/20 Minor offers Y128.83 ***Current market price 0802GMT Tuesday Y128.44 European low Y128.05/00 Strong demand Y127.80 4.00% MA envelope top Y127.75/70 Medium demand Y127.50 Strong demand, stops Y127.38 23.6% of Y119.11-129.94 Y127.00...
I dunno why but we are on different ends today, closed my long @129.20 for 65+ and now looking for a short
  • #784,949
  • Apr 9, 2013 3:11am Apr 9, 2013 3:11am
Quoting Pip Anon
Lol this is ridiculous
Hope you're racking 'em up. +72 (1R)
  • #784,950
  • Apr 9, 2013 3:12am Apr 9, 2013 3:12am
Quoting Kanzler
Hope you're racking 'em up. +72 (1R)
Lol got to
When the facts change I change my mind, what do you do sir
  • #784,951
  • Apr 9, 2013 3:12am Apr 9, 2013 3:12am
Morning to all!

Very very nervous PA today... like some big news is up. Maybe because of British pound
  • #784,952
  • Apr 9, 2013 3:14am Apr 9, 2013 3:14am
Quoting math_GB
I dunno why but we are on different ends today, closed my long @129.20 for 65+ and now looking for a short
My first +1,000 pips in April

Sorry could find smaller font
  • #784,953
  • Apr 9, 2013 3:15am Apr 9, 2013 3:15am
Quoting Ken A
I want to shout ! This is my Tornado wave count before the fact {image} Ken A {image} ケンジ 、オポチュニスト Not today probably tomorrow. PS. Excuse the quality {image}
gotta tell me how to interpret that chart
  • #784,954
  • Apr 9, 2013 3:17am Apr 9, 2013 3:17am
Quoting ec_creep
gotta tell me how to interpret that chart
Not difficult, the know will know the imagination will understand.

Do I sound like Murky?
  • #784,955
  • Apr 9, 2013 3:18am Apr 9, 2013 3:18am
3035ish will she or not cross before 3002
those who can, do. those who cant, talk about those who can
  • #784,956
  • Apr 9, 2013 3:19am Apr 9, 2013 3:19am
Quoting Ken A
Max you got stopped out and you are happy
of course, overall I make money you can't trade without losers it is part of the process. My long is now +35 and protected. The PA around the pivot was classic break test stuff giving entries for each side and -17 is noise for me as I trade for more pips than that as a rule.

of course this opens up the conversation of how do you measure success...

I write automated systems and in that world you quickly learn that to measure success is done by measuring the error of the system not the profit of the system. The same applies very well to manual trading but it takes dedication and honesty to calculate it. A simplistic measure is the error factor of trades taken but you can get it much more sophisticated than that to give a very comprehensive view of how good your trading really is.
  • #784,957
  • Apr 9, 2013 3:20am Apr 9, 2013 3:20am
Guys, please clarify for me. For the purposes of daily pivot calcs, what time is the daily close? I'm finding conflicting info across various websites.
Which makes it quite difficult to find consensus on PP's etc!!!
  • #784,958
  • Apr 9, 2013 3:22am Apr 9, 2013 3:22am
Quoting lancedes
Guys, please clarify for me. For the purposes of daily pivot calcs, what time is the daily close? I'm finding conflicting info across various websites. Which makes it quite difficult to find consensus on PP's etc!!!
broker times dictate how its calculated
while the objective is profit, the job description is risk management
  • #784,959
  • Apr 9, 2013 3:23am Apr 9, 2013 3:23am
Quoting gatorinla
3035ish will she or not cross before 3002
usually she doesnt cross until 1.3 but..
  • #784,960
  • Apr 9, 2013 3:23am Apr 9, 2013 3:23am
Quoting math_GB
I dunno why but we are on different ends today, closed my long @129.20 for 65+ and now looking for a short
well keep at it chap, your tally is greater than mine today (so far )


Quoting Kanzler
Hope you're racking 'em up. +72 (1R)
nice trade Kanzler
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