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  • #788,901
  • Apr 17, 2013 7:05am Apr 17, 2013 7:05am
Quoting ccesom
this is a classic case of trend reversal, price has tested the bull's price extreme and it is reversing, if price closes on 15 minutes time frame on a bearish note that means price is reversing expect the bull becomes very aggressive and find support on 1 or 4 hours time frame. for now it is better to short.
i doubt if the bulls will find support at these price level 1.3110 or 1.3100 and if they do, price action will reveal the next step to take.
  • #788,902
  • Apr 17, 2013 7:06am Apr 17, 2013 7:06am
Quoting forex4india1
damm had two good shorts yesterday. i closed both of them in small pips since I fear these monetary policy days and specially with the cable lost a lot last time. will not trade it now till 1.5200 or 1.5400 is seen
yep I got clipped twice by her, trollop, when she popped out of the rising chanel then retraced back inside I though I had her but oh no she fuk popped again, trollop

updated charts 12hr
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Cable 12hr.png Size: 72 KB
Click to Enlarge Name: cable 12hr 17 4 2013.png Size: 77 KB
If you are new to Forex? Say Goodbye to your account!!
  • #788,903
  • Apr 17, 2013 7:06am Apr 17, 2013 7:06am
Quoting yelena
please don't say that too! you are much valued! there will always be critters and trolls esp in this thread, but you don't have to even bother yourself of them. or we can just create a "gator" forum then have the likes of you, attila and doom man in it. you can limit posting to 10v so the "fishing of the noobs" could be avoided. it's not a guarantee but it can filter out many advertisers and nonsense people
It's like creating a second "The Really Useless Thread" ...a ghost thread now.
COT: The precious data ignored
  • #788,904
  • Apr 17, 2013 7:06am Apr 17, 2013 7:06am
Quoting gatorinla
algos bots see the wave at 3148 and 24.. we usually bounce after. little or no boince are strong moves.
Thanks for the tip
COT: The precious data ignored
  • #788,905
  • Apr 17, 2013 7:08am Apr 17, 2013 7:08am
Still no trade for me, there is no fundamental driver for this reverse so its just the big boys mucking about. Which means they could easily fling the price back up again, silly games today so best be cautious
  • #788,906
  • Apr 17, 2013 7:11am Apr 17, 2013 7:11am
Quoting kuroro001
Looking at 1,3105 and below for potential long too. But let's follow the PA. IMO we can't really say what's going to happen until it's there.
Long term 1.3025 target here IMO
  • #788,907
  • Apr 17, 2013 7:12am Apr 17, 2013 7:12am
Quoting bennyblanco
Still no trade for me, there is no fundamental driver for this reverse so its just the big boys mucking about. Which means they could easily fling the price back up again, silly games today so best be cautious
open a chart..
those who can, do. those who cant, talk about those who can
  • #788,908
  • Apr 17, 2013 7:12am Apr 17, 2013 7:12am
Nice bounce off the 50% swing from yesterday, and now going back up to retest the DP.
Time turns trend. - W.D. Gann
  • #788,909
  • Apr 17, 2013 7:12am Apr 17, 2013 7:12am
Quoting KiwiTrada
yep I got clipped twice by her, trollop, when she popped out of the rising chanel then retraced back inside I though I had her but oh no she fuk popped again, trollop updated charts 12hr {image} {image}
its going down to 1.52000
  • #788,910
  • Apr 17, 2013 7:15am Apr 17, 2013 7:15am
Euro is very likely to go back to 80
"You're solid gold, see you in hell"
  • #788,911
  • Apr 17, 2013 7:16am Apr 17, 2013 7:16am
Quoting gatorinla
open a chart..
well, what I actually see on the chart is that it is now bouncing on a 50% fib of the move up
  • #788,912
  • Apr 17, 2013 7:17am Apr 17, 2013 7:17am
Quoting SugarPink
Euro is very likely to go back to 80
Highly possible to see 1,315x-6x first then 1,318x-9x and may surge to new highs
COT: The precious data ignored
  • #788,913
  • Apr 17, 2013 7:19am Apr 17, 2013 7:19am
we are at that level where bulls need to defend yesterdays breakout and if not Mr. Bear is waiting....

I am long and short and could care less. Looks like my long is ITM now. Oh joy more pips.
Trade smaller than rational because the market is irrational...
  • #788,914
  • Apr 17, 2013 7:19am Apr 17, 2013 7:19am
Quoting bennyblanco
Still no trade for me, there is no fundamental driver for this reverse so its just the big boys mucking about. Which means they could easily fling the price back up again, silly games today so best be cautious

This is my guess....http://www.reuters.com/article/2013/...93G0E920130417

Italian prosecutors ordered the seizure of 1.8 billion euros in assets from Nomura and contracts linked to a derivative trade
Luck has no place in trading. Leave that for the poker table.
  • #788,915
  • Apr 17, 2013 7:19am Apr 17, 2013 7:19am
Quoting kuroro001
Highly possible to see 1,315x-6x first then 1,318x-9x and may surge to new highs
This only went this lower becase of the stops below 40. If not it would stop right at 30
"You're solid gold, see you in hell"
  • #788,916
  • Apr 17, 2013 7:21am Apr 17, 2013 7:21am
Quoting Likerty
5220'ties next, and 5200's is a nice spot for bounce for weekly upswing continuation

yes could be, she just tapped a fence right now, oops 5235 but is a mean looking candle, maybe jack hammer ping pong to break through or bounce, I will prefer jack hammer
If you are new to Forex? Say Goodbye to your account!!
  • #788,917
  • Apr 17, 2013 7:21am Apr 17, 2013 7:21am
Quoting SugarPink
This only went this lower becase of the stops below 40. If not it would stop right at 30
Makes sense to me!
  • #788,918
  • Apr 17, 2013 7:22am Apr 17, 2013 7:22am
Quoting SugarPink
Euro is very likely to go back to 80
mostly agree. 3169 3176.. we still have 3+ hours before e/close. 3110 isn't that far away.. if we hit it.. its just showing power. that may not allow much retrace.
those who can, do. those who cant, talk about those who can
  • #788,919
  • Apr 17, 2013 7:22am Apr 17, 2013 7:22am
Took a long @ 130, the 50% fib bounce was good enough reason for me
  • #788,920
  • Apr 17, 2013 7:22am Apr 17, 2013 7:22am
I will say it until I retire in FX and am on my way.

It is proven a MM pyramid with the right set of indos will generate wealth consistently regardless of up or down PA.

AND NO I AM NOT SELLING ANYTHING I am giving it away free.
Trade smaller than rational because the market is irrational...
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