stand by for going short EU , need signs {image}
- #811,183
- Jun 28, 2013 6:34am Jun 28, 2013 6:34am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
To continue up must support at least H4. Or resistance to downward movement. {image} So much for today.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #811,189
- Jun 28, 2013 6:47am Jun 28, 2013 6:47am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} You may be right. But I prefer to stick to the theory of Gann. This chart is part of this theory, and for me it's easier to follow the rules. {image} Rule of All Angles: Another important guideline is what Gann called the Rule of All Angles. When a market breaks an angle, it will move toward the next angle. This is because as time passes, an angle’s importance weakens and the market eventually breaks through. Therefore a market breaking the 2 x 1 angle will begin to move toward the 1 x 1 angle; just as a market breaking the 1 x 1 angle will...
Mr Hatch, thank you for the reminder of 3710.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #811,190
- Jun 28, 2013 6:53am Jun 28, 2013 6:53am
- Joined Jun 2011 | Status: the risk is the unknown | 2,182 Posts
who knows 7 entry points in fx?
- #811,191
- Jun 28, 2013 6:58am Jun 28, 2013 6:58am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
Afternoon,
There has been no direction for whole day because of eurgbp month end flows and month end.
Soooo.....not a single trade here. Missed one cable trade earlier.
It should always be clear if big crosses are traded or Majors, now they have been rangeing within around 50 pips (Majors) and crosses 50% or less than of usual intraday trading range.
As i see it, the best is to short cable but it may be a quick sell-off at some point. I would not touch to eurusd.
For major moves, dollar index should break the range.
There has been no direction for whole day because of eurgbp month end flows and month end
.Soooo.....not a single trade here. Missed one cable trade earlier.
It should always be clear if big crosses are traded or Majors, now they have been rangeing within around 50 pips (Majors) and crosses 50% or less than of usual intraday trading range.
As i see it, the best is to short cable but it may be a quick sell-off at some point. I would not touch to eurusd.
For major moves, dollar index should break the range.
They think they are smarter than I am.
- #811,193
- Jun 28, 2013 7:03am Jun 28, 2013 7:03am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #811,197
- Jun 28, 2013 7:09am Jun 28, 2013 7:09am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #811,198
- Jun 28, 2013 7:11am Jun 28, 2013 7:11am
- Joined Dec 2011 | Status: Trader | 4,013 Posts
{quote} you should check your vision. this forum is the worst thing for your trading.
- #811,199
- Jun 28, 2013 7:12am Jun 28, 2013 7:12am
Maybe I'm not right about this (actually ATM I'm not) but I'm short from 70. Hope this is only a minor retrace....
IMHO 1,29 - 28,50 in the next 24 trading hours - likelihood 90/95 %
- #811,200
- Jun 28, 2013 7:14am Jun 28, 2013 7:14am
- | Joined Apr 2012 | Status: Trader | 1,621 Posts
{quote} I'm shorting it too...considering that all news today are BS, and yesterday US had some pretty good news (but it didn't effect the value) + Croatia becomes a member of the EU on monday, and EU is going to initially give around 700 milion EUR + take over Croatian debt of 45 billion USD (almost 100% of GDP) and gain 4 milion unemployed social cases