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  • #818,921
  • Jul 30, 2013 7:46am Jul 30, 2013 7:46am
I won't dare to challenge the strong BULL daily candles in the blue box.
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  • #818,922
  • Jul 30, 2013 7:53am Jul 30, 2013 7:53am
Quoting attila
{quote} not if s&p downgrades.. very careful here...
S & P dowgrades what????
  • #818,923
  • Jul 30, 2013 7:57am Jul 30, 2013 7:57am
Quoting Ambar
{quote} S & P dowgrades what????
ze German stuff and some banks.
  • #818,924
  • Jul 30, 2013 7:59am Jul 30, 2013 7:59am
Quoting Ambar
{quote} S & P dowgrades what????
European corporates. Although this is very likely it doesn't mean it will happen today.
We watch the charts from every angle so you don't have to!!
  • #818,925
  • Jul 30, 2013 8:00am Jul 30, 2013 8:00am
Quoting pedro319
{quote} European corporates. Although this is very likely it doesn't mean it will happen today.
you are right Pedro. Trade what u see, not what u think.
  • #818,926
  • Jul 30, 2013 8:06am Jul 30, 2013 8:06am
Quoting arinforex
{quote} you are right Pedro. Trade what u see, not what u think.
It is good to keep your eyes open and try to see the forest and not only the trees!
I am still focusing on 1.3350, 1.618 extension from AB (1.2750-1.3200) that is the only point where I might consider short it.
We watch the charts from every angle so you don't have to!!
  • #818,927
  • Jul 30, 2013 8:08am Jul 30, 2013 8:08am
Quoting pedro319
{quote} It is good to keep your eyes open and try to see the forest and not only the trees! I am still focusing on 1.3350, 1.618 extension from AB (1.2750-1.3200) that is the only point where I might consider short it.
my target also 1.3350 and the top is 1.3630
  • #818,928
  • Jul 30, 2013 8:14am Jul 30, 2013 8:14am
here's what I'm thinking but don't take me seriously because I'm clueless when it comes to this stuff... logic is all I have.. and logic dictates the market should be rattled as little as possible.. so..

fed tapers then the downgrade should be as close as possible in time and let this run up as much as possible before
fed does not taper, then downgrade as soon as possible, so that it drops as much as possible before the run up..
all in limbo, then will chop us to little pieces..
  • #818,929
  • Jul 30, 2013 8:24am Jul 30, 2013 8:24am
third option, let the FED do its thing and downgrade much later.. that being said, s&p views eu gdp contracting into 2014 whereas US gdp expanding... that pretty much tells where they stand..
  • #818,930
  • Jul 30, 2013 8:26am Jul 30, 2013 8:26am
Quoting attila
here's what I'm thinking but don't take me seriously because I'm clueless when it comes to this stuff... logic is all I have.. and logic dictates the market should be rattled as little as possible.. so.. fed tapers then the downgrade should be as close as possible in time and let this run up as much as possible before fed does not taper, then downgrade as soon as possible, so that it drops as much as possible before the run up.. all in limbo, then will chop us to little pieces..
Sound like the usual M.O. for us. I'm flat waiting to miss the train leaving the station.
  • #818,931
  • Jul 30, 2013 8:28am Jul 30, 2013 8:28am
Quoting disegnosys
{quote} Sound like the usual M.O. for us. I'm flat waiting to miss the train leaving the station.
it's not a good place to go either way.. best is to wait and take the reaction. longs from lower, shorts from higher... yeah, I know...
  • #818,932
  • Jul 30, 2013 8:33am Jul 30, 2013 8:33am
Well our trade from yesterday worked out fine. I'm out for now
  • #818,933
  • Jul 30, 2013 8:34am Jul 30, 2013 8:34am
Quoting attila
{quote} it's not a good place to go either way.. best is to wait and take the reaction. longs from lower, shorts from higher... yeah, I know...
True, I'm just hoping to catch a little of the move when it starts. Plus, market on summer vacation/holiday slowdown in August, I'll trade less till September.
  • #818,934
  • Jul 30, 2013 8:37am Jul 30, 2013 8:37am
Quoting attila
{quote} it's not a good place to go either way.. best is to wait and take the reaction. longs from lower, shorts from higher... yeah, I know...
Sorry but... Are you suggesting us to counter trend?
It is so clear that we are in bull market right now...
  • #818,935
  • Jul 30, 2013 8:37am Jul 30, 2013 8:37am
Quoting disegnosys
{quote} True, I'm just hoping to catch a little of the move when it starts. Plus, market on summer vacation/holiday slowdown in August, I'll trade less till September.
London did their HH.. will NY want their own? If not they'll want a LL.. very tricky..
right now they're only chocking (hopefully) on the company provided bagels. nothing to do until expiry.
  • #818,936
  • Jul 30, 2013 8:37am Jul 30, 2013 8:37am
So a little spike above 1.33 but no 4H/daily close. Come on bulls don't you want it?
When the facts change I change my mind, what do you do sir
  • #818,937
  • Jul 30, 2013 8:39am Jul 30, 2013 8:39am
Quoting arinforex
{quote} my target also 1.3350 and the top is 1.3630
There are some possibilities. So far I have been sticking to weekly bullish engulfing, butterfly 4 hour 1.618 extension and ABCD at 1.3350, Euro likes 1.618 extensions, specially after overbought condition recovery.
We will see... Cheers.
We watch the charts from every angle so you don't have to!!
  • #818,938
  • Jul 30, 2013 8:40am Jul 30, 2013 8:40am
Quoting gajebo
{quote} Sorry but... Are you suggesting us to counter trend? It is so clear that we are in bull market right now...
I'm not suggesting anything.. you want to be safe? then trade with the trend... you want to make money, then you have top pick the turning points. as simple as that..
You can't be safe AND make money... it doesn't work that way.
I have no idea where the trend is if you ask me..
  • #818,939
  • Jul 30, 2013 8:43am Jul 30, 2013 8:43am
Quoting gajebo
{quote} Sorry but... Are you suggesting us to counter trend? It is so clear that we are in bull market right now...
Why's that? Currently I have seen a wall, sized 1.33, in it's way.
When the facts change I change my mind, what do you do sir
  • #818,940
  • Jul 30, 2013 8:44am Jul 30, 2013 8:44am
Quoting attila
{quote} London did their HH.. will NY want their own? If not they'll want a LL.. very tricky.. right now they're only chocking (hopefully) on the company provided bagels. nothing to do until expiry.

LOL! OK, we shall see. I agree this is very tricky now. I've been playing longs on the LL and shorts on the HH but not staying in long. Too tricky for me right now.
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