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  • #809,881
  • Jun 21, 2013 12:34pm Jun 21, 2013 12:34pm
Quoting Mr Hatch
{quote} that's why we take profit on shorts and place small longs. I'm nowhere as good as Gator, I'm just shifting my odds and keep my ass dry.
Anyway, someone apparently is still paying attention to that level - 60 pip initial bounce....

I like to see levels approached but not touched like this one - usually indicates that a reversal of some kind is coming as it did here.

I'm just wondering if the bulls are still in charge of the bigger picture here, since that number was rejected.
  • #809,882
  • Jun 21, 2013 12:35pm Jun 21, 2013 12:35pm
Quoting forexings
{quote} If you seen it you should understand that I am with bear. I notified that bull will fight back in near term rather than free fall. Tapering will let the market move freely. It doesn't mean USD will get the advantage if EZ can recover.
I understand. Understand me: perhaps it's not bulls fighting back but profit taking after a huge decline. I think people think bulls are "fighting" back when there is a pause in downward movement.

I agree with you that now the market should be able to be priced accordingly. The question is how inflated it was and whats fair market price. In regards to global fundamentals, the dollar may be the best option now. The US is growing fast than the Europe and China is looking a bit chaotic now.
When the facts change I change my mind, what do you do sir
  • #809,883
  • Jun 21, 2013 12:48pm Jun 21, 2013 12:48pm
Quoting BlueCirrus
{quote} Anyway, someone apparently is still paying attention to that level - 60 pip initial bounce.... I like to see levels approached but not touched like this one - usually indicates that a reversal of some kind is coming as it did here. I'm just wondering if the bulls are still in charge of the bigger picture here, since that number was rejected.
The ever-lasting problem Iface... atm, it's an expected bounce (adr, time etc.). For me, a break of 3415.5 is the answer to your question.
  • #809,884
  • Jun 21, 2013 12:50pm Jun 21, 2013 12:50pm
Quoting Pip Anon
{quote} I understand. Understand me: perhaps it's not bulls fighting back but profit taking after a huge decline. I think people think bulls are "fighting" back when there is a pause in downward movement. I agree with you that now the market should be able to be priced accordingly. The question is how inflated it was and whats fair market price. In regards to global fundamentals, the dollar may be the best option now. The US is growing fast than the Europe and China is looking a bit chaotic now.
that is the key point here. when the world markets are in a turbulent state, people want to cash out ==>> equity market and bond market falling. dollar is still the currency to put your cash in. have a look at the 2008-2009 market crash and see what currency people put their money in.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #809,885
  • Jun 21, 2013 12:52pm Jun 21, 2013 12:52pm
Quoting Pip Anon
Understand me: perhaps it's not bulls fighting back but profit taking after a huge decline. I think people think bulls are "fighting" back when there is a pause in downward movement.
When profit taking happen? When we see limitless over reaction before weekend.
When they re-enter? When traders think it's a right time to jump.
When they jump? It's splits into several parts... here is the weakness. Because they were combined force until profit taking.
How they split? Almost 20-30% orders wait for a break after profit taking. 20-30% wait for the high. Rest of all jump on weakness and other reasons.
Don't you think 2nd attempt is 20-30% weak if 20-30% traders wait for last line break?

According to your comment, 2750 was a pause because 370x didn't touch after that.
You cannot learn better without losing
  • #809,886
  • Jun 21, 2013 12:53pm Jun 21, 2013 12:53pm
Quoting Mr Hatch
{quote} The ever-lasting problem Iface... atm, it's an expected bounce (adr, time etc.). For me, a break of 3415.5 is the answer to your question.
Yep, still have 1.3527x in the lineup, but, I was also only expecting about 150 pips down from 1.3409, so I'm just a bit wary of her right now
  • #809,887
  • Jun 21, 2013 12:59pm Jun 21, 2013 12:59pm
Quoting forexings
{quote} When profit taking happen? When we see limitless over reaction before weekend. When they re-enter? When traders think it's a right time to jump. When they jump? It's splits into several parts... here is the weakness. Because they were combined force until profit taking. How they split? Almost 20-30% orders wait for a break after profit taking. 20-30% wait for the high. Rest of all jump on weakness and other reasons. Don't you think 2nd attempt is 20-30% weak if 20-30% traders wait for last line break? According to your comment, 2750 was...
Uh, what? 2750 and 370x? Never made comments about that. I guess it never matters. I already made my posts, charted my charts and done so pretty accurately.

Splits, jumps, and what not: No need to over analyze. My main reasoning of the post was the over use of bull and bear in posts in general.
When the facts change I change my mind, what do you do sir
  • #809,888
  • Jun 21, 2013 1:00pm Jun 21, 2013 1:00pm
Quoting ffleo
{quote} that is the key point here. when the world markets are in a turbulent state, people want to cash out ==>> equity market and bond market falling. dollar is still the currency to put your cash in. have a look at the 2008-2009 market crash and see what currency people put their money in.
Give a little trust on EZ. They said, Q3 will be recovery time.
I wish they are not liar.
You cannot learn better without losing
  • #809,889
  • Jun 21, 2013 1:01pm Jun 21, 2013 1:01pm
Anyone short should stay short above 3180. I think this month will also close with a hammer

Quoting pipper
still a bit of room to fall over summer me thinks {quote} {image}
Attached Image (click to enlarge)
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Disclaimer: Check your 1m charts
  • #809,890
  • Edited 1:12pm Jun 21, 2013 1:02pm | Edited 1:12pm
Quoting Pip Anon
{quote} Uh, what? 2750 and 370x? Never made comments about that. I guess it never matters. I already made my posts, charted my charts and done so pretty accurately. Splits, jumps, and what not: No need to over analyze. My main reasoning of the post was the over use of bull and bear in posts in general.
It's up to you. The post contained some basics what long term traders must know.
You cannot learn better without losing
  • #809,891
  • Jun 21, 2013 1:04pm Jun 21, 2013 1:04pm
Quoting forexings
{quote} It's up to you. The post contained some basics what long term traders must know.
I guess so. My analysis has been pretty spot on, and haven't worried about that stuff once.
When the facts change I change my mind, what do you do sir
  • #809,892
  • Jun 21, 2013 1:08pm Jun 21, 2013 1:08pm
Quoting forexings
{quote} Give a little trust on EZ. They said, Q3 will be recovery time. I wish they are not liar.
if the u.s. market crashes again, the other parts of the world will follow. it is a domino effect. when that happens i would put my money in the dollar.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #809,893
  • Jun 21, 2013 1:12pm Jun 21, 2013 1:12pm
Quoting ffleo
{quote} if the u.s. market crashes again, the other parts of the world will follow. it is a domino effect. when that happens i would put my money in the dollar.
Wonderful world of globalization. May wanna watch China's credit issue. If that blows up, it's gonna be ugly. Markets are at a little ease today because China added a little capital, but won't be enough
When the facts change I change my mind, what do you do sir
  • #809,894
  • Jun 21, 2013 1:12pm Jun 21, 2013 1:12pm
ah well

Quoting pipper
need cad bad cpi Friday... could be a good un {quote}
Disclaimer: Check your 1m charts
  • #809,895
  • Jun 21, 2013 1:13pm Jun 21, 2013 1:13pm
Quoting Pip Anon
{quote} Uh, what? 2750 and 370x?
2750-4x was bounce due to short term heavy oversell through spike down. Sellers washed out due to oversell and profit taking by SL. Do you think any fundamental was responsible for that? no
2nd attempt stopped at 2796. Why? LTL wasn't there, bear had everything to move down with fundamental + technical support.
Reason: Some sellers didn't enter who took profit step by step and waiting for 274x break
You cannot learn better without losing
  • #809,896
  • Jun 21, 2013 1:14pm Jun 21, 2013 1:14pm
Quoting forexings
{quote} 2750-4x was bounce due to short term heavy oversell through spike down. Sellers washed out due to oversell and profit taking by SL. Do you think any fundamental was responsible for that? no 2nd attempt stopped at 2796. Why? LTL wasn't there, bear had everything to move down with fundamental + technical support. Reason: Some sellers didn't enter who took profit step by step and waiting for 274x break
Ahh
When the facts change I change my mind, what do you do sir
  • #809,897
  • Jun 21, 2013 1:57pm Jun 21, 2013 1:57pm
expecting it to drop in the final hour
Disclaimer: Check your 1m charts
  • #809,898
  • Jun 21, 2013 1:59pm Jun 21, 2013 1:59pm
Quoting hadox
euro crucial 1.319x for today, a close above would help us visit 1.336x , a failure would open 1.311x.. cable 1.557x for today, a close above and we could re-test 1.569x, a failure would open up for 1.536x.. dax is horny, a close under 829x could open up for a re-test of 812x ... have a great weekend
I don't care about the absolut pip, only the bigger picture, the numbers helps me keeping track of the battle field..

euro 1.336x got rejected hard and 1.311x tested... 1.334x / 8x could be a possible entry - 1.299x is the next support if 1.311x doesn't hold..

cable 1.569x got rejected and 1.536x tested, 1.555x / 1.563x could be a possible entry - 1.519x next support if 1.536x doesn't hold

dax 782x tested, tracking the level closely for a possible bounce next week
Patience is a virtue...
  • #809,899
  • Jun 21, 2013 2:04pm Jun 21, 2013 2:04pm
think BUND shorts are overreacting a bit, trying a counter long @ 141,10

BUND H1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #809,900
  • Jun 21, 2013 2:17pm Jun 21, 2013 2:17pm
Dow nearly up 100 points. Hoping expiration etc. wipes it out
Disclaimer: Check your 1m charts
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