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  • #825,321
  • Aug 14, 2013 2:51am Aug 14, 2013 2:51am
giving long a try at 3240

intraday nothing more
Be hopeful in a winning position, and fearful in a losing position.
  • #825,322
  • Aug 14, 2013 2:52am Aug 14, 2013 2:52am
Quoting Rag2RichesFX
giving long a try at 3240 intraday nothing more
Wait till 1.3200
New voice message: Why are you calling me? If I need you, I'll call you!
  • #825,323
  • Aug 14, 2013 2:54am Aug 14, 2013 2:54am
Quoting mohan76
i am very uncomfortable with this pa , bear ignoring all good news , 2h London range smaller than asian range, time to take break i guess
3 positive Data in routine might have lifted Euro up at least 100 pips but Bears are upper hand imho
  • #825,324
  • Aug 14, 2013 2:56am Aug 14, 2013 2:56am
Beginner here.

Should't the EU good news boost up the EUR/USD pair?
I better expect it to hit the .618 fib retracement first?
  • #825,325
  • Aug 14, 2013 2:58am Aug 14, 2013 2:58am
Quoting KillerWhale
{quote} Wait till 1.3200
this 3233 could go later today, but maybe a correction first
Be hopeful in a winning position, and fearful in a losing position.
  • #825,326
  • Aug 14, 2013 2:59am Aug 14, 2013 2:59am
Quoting Dr.Zain
{quote} 3 positive Data in routine might have lifted Euro up at least 100 pips but Bears are upper hand imho
true, but it's also at support and if it holds, that would make a beautiful failed bearish pattern.. these are the juiciest ones.. risky though..
  • #825,327
  • Aug 14, 2013 3:05am Aug 14, 2013 3:05am
Quoting attila
{quote} true, but it's also at support and if it holds, that would make a beautiful failed bearish pattern.. these are the juiciest ones.. risky though..
4H time frame showing the TL is broken !!!!
  • #825,328
  • Aug 14, 2013 3:07am Aug 14, 2013 3:07am
Quoting attila
{quote} true, but it's also at support and if it holds, that would make a beautiful failed bearish pattern.. these are the juiciest ones.. risky though..
  • #825,329
  • Aug 14, 2013 3:09am Aug 14, 2013 3:09am
Quoting Dr.Zain
{quote} 4H time frame showing the TL is broken !!!!
don't worry about the TLs right now.. 40 is very strong support because I it goes it'll have to drop another 50-60 pips..

edit: incidentally, this is where London left off yesterday..

truth be told, it's not looking too good so far..
  • #825,330
  • Aug 14, 2013 3:09am Aug 14, 2013 3:09am
Excuse my noob question, but could you explain to me how is it possible that Q/Q GDP data came better than expected, while Y/Y came worse?
Does Q/Q not determine Y/Y and vice versa?
----
Example:
Analysts know past GDPs, lets say that they were:
2Q/2012 -> 100
1Q/2013 -> 50
and lets say that they expect the Q/Q change in 2Q/2013 to be +20%. That implies:
2Q/2013 = 120% * 1Q/2013 = 120% * 50 = 60
Q/Q = +20%
Y/Y = (60-100/100) = -40%
If Q/Q comes better than expected, so does Y/Y.
Where do I make a mistake?
  • #825,331
  • Aug 14, 2013 3:10am Aug 14, 2013 3:10am
Quoting Dr.Zain
{quote} 4H time frame showing the TL is broken !!!!
In case the next 4H close - in less than 3 hours - is around here, then yes... At the moment this is just noise... Don't come to conclusions too early mate...
  • #825,332
  • Aug 14, 2013 3:16am Aug 14, 2013 3:16am
I would not like it to start ranging here.. that would be bad news for longs.
  • #825,333
  • Aug 14, 2013 3:23am Aug 14, 2013 3:23am
Quoting attila
{quote} don't worry about the TLs right now.. 40 is very strong support because I it goes it'll have to drop another 50-60 pips.. edit: incidentally, this is where London left off yesterday.. truth be told, it's not looking too good so far..
"....flew military jets at 19." .....lucky bastard!

Phantoms? Tomcats? Eagles? Falcons?.....go on, make me jealous.

Been boring watching this thing all day on my one day off..... should've played golf instead.
  • #825,334
  • Aug 14, 2013 3:27am Aug 14, 2013 3:27am
Quoting Adsy
{quote} "....flew military jets at 19." .....lucky bastard! Phantoms? Tomcats? Eagles? Falcons?.....go on, make me jealous. Been boring watching this thing all day on my one day off..... should've played golf instead.
if you do it for work, is not that fun.. they say, pilots and dogs are the only creatures earning their living in a leash...
  • #825,335
  • Aug 14, 2013 3:28am Aug 14, 2013 3:28am
Anyone been sniping the EA? May have finally broken out to the downside on M15.
  • #825,336
  • Aug 14, 2013 3:29am Aug 14, 2013 3:29am
Quoting attila
{quote} if you do it for work, is not that fun.. they say, pilots and dogs are the only creatures earning their living in a leash...
I know...I've been down that road. It's just from this side of the fence it's a pretty cool office up there....
  • #825,337
  • Aug 14, 2013 3:31am Aug 14, 2013 3:31am
where are we headed ?



looks like USD is getting slammed across the board
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 110 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #825,338
  • Aug 14, 2013 3:35am Aug 14, 2013 3:35am
Quoting attila
{quote} don't worry about the TLs right now.. 40 is very strong support because I it goes it'll have to drop another 50-60 pips..
That's what I'm counting on
New voice message: Why are you calling me? If I need you, I'll call you!
  • #825,339
  • Aug 14, 2013 3:38am Aug 14, 2013 3:38am
Went long @ 3240 during London last night, got half way to TP, now like being back at base camp on Everest. Nearly pulled the plug at 3277 just to put some pips in the basket but.......I didnt
Pride always comes before destruction.... -Proverbs 16:18
  • #825,340
  • Aug 14, 2013 3:40am Aug 14, 2013 3:40am
Quoting Rag2RichesFX
where are we headed ? looks like USD is getting slammed across the board {image}
huge buy stops triggered at 9112 in aussie, huge spike...
Attached Image (click to enlarge)
Click to Enlarge Name: audusd10.jpg Size: 89 KB
Be hopeful in a winning position, and fearful in a losing position.
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