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  • #786,021
  • Apr 10, 2013 11:47am Apr 10, 2013 11:47am
Quoting Likerty
there was H4 (EST) closing level at 67... But the really sneaky level is at 76 I think... Anyways, 3040'ties still on my radar..
I'm aiming 10 pips higher for the level to look at...unless we bounce off your level

And no worries we'll see 1,3040 and even lower...question is when and first higher or not
COT: The precious data ignored
  • #786,022
  • Apr 10, 2013 11:50am Apr 10, 2013 11:50am
Quoting Tom_D_Trader
Thx for your views. Btw, why should you be recapitalizing bank? Aint those private banks? Let them fall, they shouldnt be betting on wrong assets. Fking too big to fail, gotta hate it. Really, this is disgrace of capitalism.
People in the future will have a hard time understanding this nonsense period in human history.. Probably all fault will fall on economical illiteracy of society
69
  • #786,023
  • Apr 10, 2013 11:50am Apr 10, 2013 11:50am
it sure dont look good for the bulls atm...a sell off is pending PA sucks for bulls and unless aggression
  • #786,024
  • Apr 10, 2013 12:01pm Apr 10, 2013 12:01pm
Quoting enterfx
OK. so this was the ED done. Very short and brief 5th wave and I expected another upmove. Remains to see, but current downmove looks so far corrective............ {image}
I agree with you analisis and also I want it to be so
  • #786,025
  • Apr 10, 2013 12:05pm Apr 10, 2013 12:05pm
Quoting Tom_D_Trader
Thx for your views. Btw, why should you be recapitalizing bank? Aint those private banks? Let them fall, they shouldnt be betting on wrong assets. Fking too big to fail, gotta hate it. Really, this is disgrace of capitalism. edit: and err, one more thing. Could you expand a bit on that CHF scam?
Around 12 banks?! Moo than half state owned - directly and indirectly with other state owned companies. The largest also state owned. And for 2 million market I think is pretty funny to talk about so many players and interest for this market. Nevertheless, lots of privatizations were in place in roaring 00-08. A lot of private takeovers were sponsored by leveraged credits by state owned banks. So, they are in a way private.

CHF scam?! That is only my opinion of course. All eastern Europe was in this strategy. Low yields on CHF, all time EURCHF floor on 1,50, Interest Rate Swaps plus loading up the options on the currency pair. Lot of messed up stuff.

That is why EURCHF is now a dead pair and they hold it around 1,2x with a lot of spread interest towards the levels where structures were done in roaring 00-08..and has been like that for 2 years now. I suspect they gonna keep it further on.
  • #786,026
  • Apr 10, 2013 12:15pm Apr 10, 2013 12:15pm
Usualy when ther is a change in the trend the swing starts out, chops sideways and then continues on. It could be a possability here, GBP/USD has shown a turn in trend along wit CHF/USD and started chopping sideways. We should be in full swing within the next week or so.
  • #786,027
  • Apr 10, 2013 12:16pm Apr 10, 2013 12:16pm
Quoting Cornelis
I agree with you analisis and also I want it to be so
want it up again? Looking to enter long as well. waiting for H1 timeframe to signal.
  • #786,028
  • Apr 10, 2013 12:20pm Apr 10, 2013 12:20pm
Also watching UJ for possible ED, similar to what we had in EU today.


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  • #786,029
  • Apr 10, 2013 12:27pm Apr 10, 2013 12:27pm
Quoting 21vs7
Around 12 banks?! Moo than half ... Lot of messed up stuff. That is why EURCHF is now a dead pair and they hold it around 1,2x with a lot of spread interest towards the levels where structures were done in roaring 00-08..and has been like that for 2 years now. I suspect they gonna keep it further on.
you're an interesting fellow...
  • #786,030
  • Apr 10, 2013 12:38pm Apr 10, 2013 12:38pm
Quoting 1candlepower
you're an interesting fellow...
thanks..keep on collecting...
__________
ok im off for a football match and drinking.. orders are in place.

Peace in the middle east!
  • #786,031
  • Apr 10, 2013 12:40pm Apr 10, 2013 12:40pm
1h is the challenge here, if it breaks 3040 next poss support
  • #786,032
  • Apr 10, 2013 12:41pm Apr 10, 2013 12:41pm
Im going to post something that might intrest everyone here could be inportant.
  • #786,033
  • Apr 10, 2013 12:44pm Apr 10, 2013 12:44pm
another rising tl from the april fools day internal system* just broken. eu showing strong respect for today's falling tl (defined by highs @ 430 & 745 est) --- sliced thru 6 major levels of the main uptrend system so far (but still noticing, if not respecting it. drop out for good around 3000 i'd guess...)

*(internal tl system best defined on M1 by highs @ ~600 est 4/2 and 1440 est 4/4)
  • #786,034
  • Apr 10, 2013 12:55pm Apr 10, 2013 12:55pm
I know we all say the last few months was a bearish market but if you look at the daily bar charts but the 9 and 18 day MA shows an Bull trend since 22 June 2012 with corections on the up trend and this down trend could very well be a corection and we are on the turning up from the correction point.

And then also its not in the chart but if you take the upwords trend retracement Fibonachi it shows the retracement levels exactly to where the up trend started again the past week. This is much more than just an coincidence.
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  • #786,035
  • Apr 10, 2013 12:57pm Apr 10, 2013 12:57pm
helloo Guys , i am new to this forum and this forum is an excellent place where we can discuss and get knowledge from quisenntial people ... guys i had an equity of 2k now 1640 guys i need to cover $350 good calls are welcome i have 10 days to cover it can u please help me .... .. cheers
  • #786,036
  • Apr 10, 2013 1:01pm Apr 10, 2013 1:01pm
Quoting Bocephus
1h is the challenge here, if it breaks 3040 next poss support
looks as if 1h has made a base here let's see what happens
  • #786,037
  • Apr 10, 2013 1:04pm Apr 10, 2013 1:04pm
Quoting Cornelis
I know we all say the last few months was a bearish market ... This is much more than just an coincidence. {image}
yes, but if you include res @ ~3127 (formerly support around beg of oct 2011) which has been respected on 4 occasions going back to last year, then we may have a good shot at bouncing around 2125 again.

check pa on a TF that takes you back to '08
  • #786,038
  • Apr 10, 2013 1:08pm Apr 10, 2013 1:08pm
Quoting 1candlepower
yes, but if you include res @ ~3127 (formerly support around beg of oct 2011) which has be respected on 4 occasions going back to last year, then we may have a good shot at bouncing around 2125 again. check pa on a TF that takes you back to '08
Its possable, i suspect it might chop sideways for a bit then continue the trend. But It depends if the ADX remains high enougth
  • #786,039
  • Apr 10, 2013 1:15pm Apr 10, 2013 1:15pm
Quoting Cornelis
Its possable, i suspect it might chop sideways for a bit then continue the trend. But It depends if the ADX remains high enougth
i think you're right about the possible sideways chop... i'm watching the uptrend lines in the main system being broken, one by one. the uptrend echo from yesterday's low is in process of being broken right now... in my experience, if this process continues a little further, then we'll likely go down a good ways and i'll start entering shorts. but, if it begins back peddling, then i don't know

in the meantime, i see how respectful it is of today's downtrend
  • #786,040
  • Apr 10, 2013 1:16pm Apr 10, 2013 1:16pm
Quoting 1candlepower
yes, but if you include res @ ~3127 (formerly support around beg of oct 2011) which has been respected on 4 occasions going back to last year, then we may have a good shot at bouncing around 2125 again. check pa on a TF that takes you back to '08

Yes and if you put a daily fibo from 1st feb. 2013 to now we see a 38.2 retrace which may very well lead to 1.2160 and even lower, because the uptrend from 22 of july has only 3 waves.... what do you guys think about that?


And one thing I ve been thinking...
they say that banks in japan are in horrible situation, the government is on - and so on...
however did you know that japanese citizens have deposits in these same banks for well over 3 trillion US dollars... I am thinking that the jap gov is currently using these same money to trade on forex
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