There is no spoon....
- #61,482
- Oct 29, 2013 5:11pm Oct 29, 2013 5:11pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #61,484
- Edited 5:58pm Oct 29, 2013 5:37pm | Edited 5:58pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
From here move down towards 134.034 {image}
I argued the bear's case with Sonic. He said if so, then soon down. I then said maybe not so soon. Yes, I think bears are behind the scene and getting shorts at key altitudes. But I also suspect the action will be north for at least one more push up. This week with NFP is a good week to do it, too. Throw everybody off base, confuse the hell out of people, and the MMs make lots of money. If the MMs decide to go with USD strength, at least for the rest of the week, then UJ goes higher. And if UJ goes higher, so does EJ even though there is absolutely no reason it should go higher, or even be as high as it is. But then, that is the market for you,....no real reason for anything except what makes the MMs money.
Anyway, right now after what might indeed have been a genuine buying push up, the price is back below the whole number and with the most recent notable volumes as the price was at lows. So, and this being the current state of affairs, it seems the bulls are playing the fiddle right now. The asian market might provide additional clues as to which side is going to win the game, without us having to wait for the US kickoff. In any case, I suspect the rest of this week will be more interesting than any in a long time. And price action will have to be a lot more clear than it is for me to venture into participating further, not to mention the potential for whipsawing today.
- #61,486
- Oct 29, 2013 6:05pm Oct 29, 2013 6:05pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
UJ:
I am monitoring this pair for a possible run higher thru the rest of the week. I want to see if the Asian market will proffer a clue and dump the price below the whole number for a long entry, with the target being the upper whole number area, certainly achievable. For those that use SLs, below the half number, I'd think, but even that might not save souls from whipsawing if the US bastards,....oh, pardon....US MMs decide to have some fun stealing money.
I am monitoring this pair for a possible run higher thru the rest of the week. I want to see if the Asian market will proffer a clue and dump the price below the whole number for a long entry, with the target being the upper whole number area, certainly achievable. For those that use SLs, below the half number, I'd think, but even that might not save souls from whipsawing if the US bastards,....oh, pardon....US MMs decide to have some fun stealing money.
- #61,487
- Oct 29, 2013 6:08pm Oct 29, 2013 6:08pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #61,488
- Oct 29, 2013 8:35pm Oct 29, 2013 8:35pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
UJ: I am monitoring this pair for a possible run higher thru the rest of the week. I want to see if the Asian market will proffer a clue and dump the price below the whole number for a long entry, with the target being the upper whole number area, certainly achievable. For those that use SLs, below the half number, I'd think, but even that might not save souls from whipsawing if the US bastards,....oh, pardon....US MMs decide to have some fun stealing money.
The 50-61.8 fibo area also lines up with nice support. I will look for long in this area if we see some buying come in.
- #61,495
- Oct 30, 2013 2:19am Oct 30, 2013 2:19am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
USD / CHF it should fall? {image}
Whatever is obvious is obviously wrong!"
- #61,497
- Oct 30, 2013 2:20am Oct 30, 2013 2:20am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} UChf - TP1 reached{image}
Whatever is obvious is obviously wrong!"
- #61,498
- Oct 30, 2013 2:28am Oct 30, 2013 2:28am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
{quote} 3 river and red show , what do you think ? EJ short {image}
- #61,499
- Oct 30, 2013 2:36am Oct 30, 2013 2:36am
- | Commercial User | Joined Mar 2008 | 9,075 Posts | Online Now
