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  • #843,561
  • Oct 14, 2013 6:53am Oct 14, 2013 6:53am
In days like these, technical patterns are worthless. Price is reacting like a drug addict waiting for his next shoot of press releases and statements ... trading on small time frames can be proven hazardous!

Anyway, in my opinion price will maintain a range above / lower the high & low of this daily candle ... its the most important pattern on the charts for now, since it hold the potential for price surging or plunging depending on the final outcome this week. Other than that , i don't actually see anything significant !
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.20Sep.PNG Size: 54 KB
"It's the Margin, Stupid."
  • #843,562
  • Oct 14, 2013 7:01am Oct 14, 2013 7:01am
thank you piptrapper and okanemici.
Pecuniae obediunt omnia
  • #843,563
  • Oct 14, 2013 7:03am Oct 14, 2013 7:03am
Quoting okanemici
{quote} I diasgree ! Here is my view on your chart, after this check the euraud and eurgbp charts and see the gap up push down in euraud and being toppish in eurgbp. Today, the easiest way to commit suicide is to long eurgbp and eurusd {image} {image}

tx bro, but your analyse seems upside down... rightnow is folowing the top line and sudenly it'll fly, so wach out... !

Attached Image (click to enlarge)
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  • #843,564
  • Oct 14, 2013 7:05am Oct 14, 2013 7:05am
Quoting PipTrapper
{quote} Tom, You and I both know that money is exchanged 24/7/365, so I'm with you on this. Any major player is able to conduct transactions at any time they want. It is only us retail traders that are limited. However, when a transaction takes place on a weekend, it is usually not fully priced until the Interbank is active again at Wellington open.
Theoretically speaking everything is possible and you can say the same about the stock market being opened 24/ 7 ( Since two trades are willing to take the same trade in over the counter exchange ). The reality is Forex is about liquidity and who provides it are major banks with credit lines. Those tend to operate during stock market times as they need options & metal to hedge their positions. Such liquidity that able to move the market are only three " Tokyo , London and NY ". If you have two of them offline, bascially you don't have a market - just a temp price action that reflects nothing ...

Gaps happens when an asset class or a financial instrument is traded on a foreign stock market while the instrument's listed stock is offline. Gaps are worth considering are shares with huge market cap or indexes ( D&J, S&P ..etc ).
"It's the Margin, Stupid."
  • #843,565
  • Oct 14, 2013 7:14am Oct 14, 2013 7:14am
Quoting Chicky
{quote} Read his earlier posts. First he went for beers, then he smoked "outside" his home............... don't ask what he smoked.
If he was coherent 5 hours ago, it looks like he could have gotten out with all profit on all trades..............But I am guessing not................
The More You Learn, The More You Earn.....
  • #843,566
  • Oct 14, 2013 7:14am Oct 14, 2013 7:14am
Its not theoretially speaking. Thats just reality. And kinda spam, as NY opened.

Yep, Vachus, if you are scalper and Market = oscillating crap, you dont have Market during weekends.
"I know one thing, that I know nothing." Sokrates
  • #843,567
  • Oct 14, 2013 7:15am Oct 14, 2013 7:15am
During the week EU
Attached Image (click to enlarge)
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  • #843,568
  • Oct 14, 2013 7:19am Oct 14, 2013 7:19am
It looks like EUR and Pound have some 20-30 pipos higher to go .
I am holding shorts , not bothered yet .....
  • #843,569
  • Oct 14, 2013 7:20am Oct 14, 2013 7:20am
Quoting Tom_D_Trader
Its not theoretially speaking. Thats just reality. And kinda spam, as NY opened. Yep, Vachus, if you are scalper and Market = oscillating crap, you dont have Market during weekends.
Ah i thought NY is closed today, only American banks are off ...
"It's the Margin, Stupid."
  • #843,570
  • Oct 14, 2013 7:24am Oct 14, 2013 7:24am
Quoting yanitsa
It looks like EUR and Pound have some 20-30 pipos higher to go . I am holding shorts , not bothered yet .....
Asia tested 1.3569. Now LONers try. Lets see till NYer open.
  • #843,571
  • Oct 14, 2013 7:27am Oct 14, 2013 7:27am
Quoting okanemici
{quote} GU wiew is touche ! 1.6020 is max for me, Eu is top here , so is eurgbp, au's way is open to 0.96, euraud ready for more shorts.Finally gold will rise to 1308 after a pullback to 1275-79.
be careful,

cable "can" extend up to 1.6100 and still close below 1.6070..

just saying..
  • #843,572
  • Oct 14, 2013 7:32am Oct 14, 2013 7:32am
Aggressive Scalping:

BUY @ 1.3550 SL 1.3515 TP 1.3585

Risk Reword: 1:1 or 35:35 pips
Money Management: (Per 100 usd 0,01 lot)
my balance XXX so lot size 0.03 fixed
IF SL Hit Then 10.5 USD Loss
IF TP Hit Then 10.5 usd Profit
Number of open trade : 1 (One)
Trade Reason: Buy at mid-term support
Trend: UP
Pair: EurUsd
Trade Duration: 24H

  • #843,573
  • Oct 14, 2013 7:36am Oct 14, 2013 7:36am
Quoting chazzle
cable to 1.6010 I reckon EU to 1.3590 , AU to 9500 ... as I see it
DX H4

well, maybe - closing longs as DX lands in a likely bounce area
Attached Image (click to enlarge)
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  • #843,574
  • Oct 14, 2013 7:37am Oct 14, 2013 7:37am
Quoting yanitsa
It looks like EUR and Pound have some 20-30 pipos higher to go . I am holding shorts , not bothered yet .....
Same here . Let's see how market going to react over next few hours
  • #843,575
  • Oct 14, 2013 7:38am Oct 14, 2013 7:38am
Quoting attila
3590 ?
took a while.. closed long. thank you very much.
  • #843,576
  • Oct 14, 2013 7:38am Oct 14, 2013 7:38am
Quoting Vachus
{quote} Ah i thought NY is closed today, only American banks are off ...
Lol, yep, you are right, am yet again too slow with news . Am not the fastest of traders, actually superslow one.
"I know one thing, that I know nothing." Sokrates
  • #843,577
  • Oct 14, 2013 7:43am Oct 14, 2013 7:43am
Quoting chazzle
DX lands in a likely bounce area
Quoting chazzle
EU to 1.3590
trying a short there
  • #843,578
  • Oct 14, 2013 7:45am Oct 14, 2013 7:45am
Quoting Mr.MaginCole
Staying net long mostly based on techs and not news or fundamentals. Entry = 1.3555, Target = Open, SL = 1.3535 Chart Notes - M15, Purple line =1440EMA, Gold line = 200EMA, red line = 55EMA. - PA is above purple line. {image}
Moved SL to break even.
  • #843,579
  • Edited 7:57am Oct 14, 2013 7:46am | Edited 7:57am
Quoting 2046
{quote} H4 bearish tenkan kijun cross got it's confirmation this morning at 3574. D1 and W1 stochastics and RSI support bearish outlook
H4 printed bullish Tenkan Kijun cross at 3562.
expecting strong resistance up to 3606 and we only have the european session left for today
  • #843,580
  • Oct 14, 2013 7:48am Oct 14, 2013 7:48am
Quoting Miguel.N
{quote} tx bro, but your analyse seems upside down... rightnow is folowing the top line and sudenly it'll fly, so wach out... ! {image}

well done
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