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  • #6,201
  • Apr 18, 2013 10:58am Apr 18, 2013 10:58am
5M showing bounce off 200EMA - could see a nice high here...?
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  • #6,202
  • Apr 18, 2013 11:06am Apr 18, 2013 11:06am
Quoting EatPIPs
5M showing bounce off 200EMA - could see a nice high here...? {image}
Yeah, she's looking good... I've got limits in to take half off around 150.70 and plans to hold the rest for higher.
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  • #6,203
  • Apr 18, 2013 11:14am Apr 18, 2013 11:14am
we are within the weekly value area (where most of the trades take place - ~70%), see red shade. no breakout to the upside yet.
obviously, this looks like consolidation BUT let's take into consideration the low volume activity at the higher edge of the range + high volume activity at the low edge of the range. if this configuration doesn't change, i would say this pair is being accumulated for another rally
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Nihil Sine Deo.
  • #6,204
  • Apr 18, 2013 11:22am Apr 18, 2013 11:22am
Quoting Scrat
we are within the weekly value area (where most of the trades take place - ~70%), see red shade. no breakout to the upside yet. obviously, this looks like consolidation BUT let's take into consideration the low volume activity at the higher edge of the range + high volume activity at the low edge of the range. if this configuration doesn't change, i would say this pair is being accumulated for another rally {image}
That's my opinion too, and I think I said that yesterday evening.
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  • #6,205
  • Apr 18, 2013 11:25am Apr 18, 2013 11:25am
Quoting Scrat
we are within the weekly value area (where most of the trades take place - ~70%), see red shade. no breakout to the upside yet. obviously, this looks like consolidation BUT let's take into consideration the low volume activity at the higher edge of the range + high volume activity at the low edge of the range. if this configuration doesn't change, i would say this pair is being accumulated for another rally {image}
This is how it's starting to feel to me too, Scrat. I'm accumulating right now and planning on cutting the poorer entries for "scalps" 50-75 pips and adding more on pullbacks to build a decent core position.
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  • #6,206
  • Edited 11:45am Apr 18, 2013 11:33am | Edited 11:45am
my apologies if i am redundant from time to time. i really don't have time to read everything, so i post my thoughts along with my "original" charts. i'd say a confirmation using other points of view is always welcome
Nihil Sine Deo.
  • #6,207
  • Apr 18, 2013 11:44am Apr 18, 2013 11:44am
BUT even if another rally looks closer, we may see a test of support. i will watch the breakout area above, at 151.15; and the support area below, which may be in the lower 148 / upper 147. i'll know as i watch price action.
Quoting Geppy
This is how it's starting to feel to me too, Scrat. I'm accumulating right now and planning on cutting the poorer entries for "scalps" 50-75 pips and adding more on pullbacks to build a decent core position.
Nihil Sine Deo.
  • #6,208
  • Apr 18, 2013 11:45am Apr 18, 2013 11:45am
Quoting Scrat
my apologies if i am redundant. i really don't have time to read everything, so i post my thoughts along with my "original" charts. i'd say a confirmation using other points of view is always welcome
Don't worry about it, Scrat. Always appreciate your analysis. Plus, we've weeded out some of the crap posts so hopefully it's easier to follow the thread now
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  • #6,209
  • Apr 18, 2013 12:52pm Apr 18, 2013 12:52pm
Quoting Geppy
Don't worry about it, Scrat. Always appreciate your analysis. Plus, we've weeded out some of the crap posts so hopefully it's easier to follow the thread now
Geppy, I'm considering following a 2 day seminar in San Francisco again in June, and will probably stay with my wife for a week in Marina hotel, Lombard street,

Interested in getting together for diner some time that week? It'll be on me!
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  • #6,210
  • Apr 18, 2013 12:56pm Apr 18, 2013 12:56pm
Quoting KillerWhale
Geppy, I'm considering following a 2 day seminar in San Francisco again in June, and will probably stay with my wife for a week in Marina hotel, Lombard street, Interested in getting together for diner some time that week? It'll be on me!
Definitely, but it's highly dependent on when in June. I'm out of town toward the end of the month (heading to Chicago and Michigan for a week) and I'm supposed to be in LA one weekend too. I believe there is one other thing (gotta check with the gf), but let me know the exact dates and I'll see if I'm around.
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  • #6,211
  • Apr 18, 2013 1:28pm Apr 18, 2013 1:28pm
This is interesting because people were worried the BoJ would be criticized for such drastic intervention. However, this is saying the opposite... that others are a bit more understanding given the circumstances. Of course, they may just be saying this so when they need to turn on the money machines, they aren't viewed as a hypocrite

EU’s Rehn Says BOJ Actions ‘Understandable’

European Economic and Monetary Affairs Commissioner Olli Rehn says Japan is taking ‘very forcible policy action’ that is ‘understandable’ given the challenges. He also said the EU must act to ease tight credit in Southern Europe. The US currency report set off a round of USD/JPY selling on Monday but I struggle to find any genuine displeasure among top-ranking officials.



LINK: http://www.forexlive.com/blog/2013/0...nderstandable/
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  • #6,212
  • Apr 18, 2013 9:00pm Apr 18, 2013 9:00pm
Quoting Geppy
Definitely, but it's highly dependent on when in June. I'm out of town toward the end of the month (heading to Chicago and Michigan for a week) and I'm supposed to be in LA one weekend too. I believe there is one other thing (gotta check with the gf), but let me know the exact dates and I'll see if I'm around.
Thanks I'll let you know as soon as I have the dates.
If it fits we might need 2 diners, one with the girls and no forex and one without the girls and with forex
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  • #6,213
  • Apr 18, 2013 9:42pm Apr 18, 2013 9:42pm
just came home after a long day. i love a cold kombucha
oh and to stop spamming the thread - does this seem ok in terms of concept :
- short if last blue segment is taken, or
- long if pink segment is taken
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Nihil Sine Deo.
  • #6,214
  • Apr 18, 2013 10:13pm Apr 18, 2013 10:13pm
Quoting Scrat
just came home after a long day. i love a cold kombucha oh and to stop spamming the thread - does this seem ok in terms of concept : - short if last blue segment is taken, or - long if pink segment is taken {image}
Very good Scrat, you nailed it
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  • #6,215
  • Apr 18, 2013 10:59pm Apr 18, 2013 10:59pm
On my charts, every time frame starting at 15 and up is pointing north.

Even my 17 minute and my 21 minute charts are pointing up
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  • #6,216
  • Apr 19, 2013 12:13am Apr 19, 2013 12:13am
Hey guys, don't let your guard down. We may have pull backs of course, but GJ came this high for a reason.

It may take a while, but that reason is 163
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  • #6,217
  • Apr 19, 2013 2:10am Apr 19, 2013 2:10am
Quoting KillerWhale
Thanks I'll let you know as soon as I have the dates. If it fits we might need 2 diners, one with the girls and no forex and one without the girls and with forex
hahahaha, sounds good, dude. Dinner and drinks of course
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  • #6,218
  • Apr 19, 2013 2:18am Apr 19, 2013 2:18am
Alright guys... I may be a bit drunk, but it's been a great night. Our social bowling league team took 2nd place which is basically like 1st because there's a team that has all players averaging in the low 200s (wtf?!?!?!). We were huge underdogs but made it into the "finals" and came out of nowhere to take it down. Awesome!!! Celebration ensued.

Meanwhile, I was managing trading from my iPhone. I took profit on my 3 worst positions at 150.70, put in buy orders at 1.50.50, got filled, took profit on my other 3 decent entries at 151.40 and am now resting orders for 151.07 I think it is.

It's clear to me we've broken out of the consolidation and are headed higher. I think it's only a matter of time before we take 154 out and start truckin' toward 163 (finally!). I hope everyone is making some pips!

Sleep time.
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  • #6,219
  • Apr 19, 2013 2:56am Apr 19, 2013 2:56am
Quoting Geppy
Alright guys... I may be a bit drunk, but it's been a great night. Our social bowling league team took 2nd place which is basically like 1st because there's a team that has all players averaging in the low 200s (wtf?!?!?!). We were huge underdogs but made it into the "finals" and came out of nowhere to take it down. Awesome!!! Celebration ensued. Meanwhile, I was managing trading from my iPhone. I took profit on my 3 worst positions at 150.70, put in buy orders at 1.50.50, got filled, took profit on my other 3 decent entries at 151.40 and am now...
About bowling, when I came to the USA and a few weeks after I married my wife in 2001 we went bowling with some friends.
We really were into it and after we got home, yes tipsy of course, we fell asleep right away.
Next morning we woke up with so much muscle pain that we decided to take a bath together.
From all the muscle pain and the stupidity of it we were laughing so hard about each others soreness that actually one of our neighbors called the police because they thought we were killing each other.
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  • #6,220
  • Apr 19, 2013 4:02am Apr 19, 2013 4:02am
Pretty quit here for a pair that just advanced 180 pips in a few hours
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