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  • #854,661
  • Edited 5:15am Nov 20, 2013 5:00am | Edited 5:15am
Quoting willxue
{quote} Too many short may mean no buyers. So no deal then.
Do you know what's bidding and asking rate?
Too many shorts without buyer will lower the price by 315 degree angle (if no new sell & buy) where horizontal line is time and vertical line is bidding price.
You cannot learn better without losing
  • #854,662
  • Nov 20, 2013 5:03am Nov 20, 2013 5:03am
Quoting Matts Micro
{quote} Yah soz I should have been more thorough with explanation. No correlation to the US dollar. The Euro is moving that is obvious, just need to look at the EG chart.
G/U is moving but A/U in statics state
  • #854,663
  • Nov 20, 2013 5:14am Nov 20, 2013 5:14am
Quoting Ken A
{quote} G/U is moving but A/U in statics state
I get what your saying and yah it's a bit of a mess atm. Each pair has its own character and I was only looking at general trend. For last 3-6 hours Au-up, GP-up, UJ-down, UC-down. EU-down. For the majors the correlation doesn't match "the norm" (if there is one). Start picking apart the minors and yah it prob begins to start making sense where it's coming from.
As the lights go by so too do the shadows move
  • #854,664
  • Nov 20, 2013 5:39am Nov 20, 2013 5:39am
Gold.
+
Looks like some small banks are expected to fail on China. I think this a huge new because its one of those things you don't know if it can be contained.

  1. *CHINA SHADOW-FINANCE RISKS WILL SPREAD TO BANKS, FANG SAYS
  2. *VERY BIG CHANCE ONE OR TWO SMALL CHINA BANKS WILL FAIL: FANG
  3. *SOME CHINA TRUST INVESTMENT FIRMS MAY FAIL, SELL ASSETS: FANG
  4. *CHINA MUST PLAN FOR BANK-FAIL SCENARIOS TO MANAGE RISKS: FANG
  5. *CHINA NEEDS TO PAY MORE ATTENTION TO CORPORATE LEVERAGE: HU

http://www.zerohedge.com/news/2013-1...-bank-failures

  • #854,665
  • Nov 20, 2013 5:42am Nov 20, 2013 5:42am
some aussie levels



R 4: $0.9656 – 200 day moving average
R 3: $0.9541 – High Nov 16
R 2: $0.9475 – High Nov 8
R 1: $0.9470 – 21 day moving average


none of them looks achievable. but if fomc is dovish there are buy stops at 0.9450
  • #854,666
  • Nov 20, 2013 5:42am Nov 20, 2013 5:42am
The Yen is getting stronger and Gold just plunged 10 dollars in one minute ... anything came out ?
"It's the Margin, Stupid."
  • #854,667
  • Nov 20, 2013 5:43am Nov 20, 2013 5:43am
usd/jpy h4 chart

killing day for 96.50
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  • #854,668
  • Nov 20, 2013 5:44am Nov 20, 2013 5:44am
Quoting Vachus
The Yen is getting stronger and Gold just plunged 10 dollars in one minute ... anything came out ?

ya just saw but was it in one minute? I mean if it fell it must be due to the sell stops at 1270
  • #854,669
  • Nov 20, 2013 5:47am Nov 20, 2013 5:47am
EUR/USD H1 CHART


CUP FORMATION

Buy Eur/Usd targetting 1.3815
Sell Usd/Jpy targetting 96.50
Attached Image (click to enlarge)
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  • #854,670
  • Nov 20, 2013 5:48am Nov 20, 2013 5:48am
Quoting davidsayli
EUR/USD H1 CHART CUP FORMATION Buy Eur/Usd targetting 1.3815 Sell Usd/Jpy targetting 96.50 {image}
96.50 ?? isn't it a bit too aggressive/optimistic ?
  • #854,671
  • Nov 20, 2013 5:48am Nov 20, 2013 5:48am
Quoting giveachance
{quote} ya just saw but was it in one minute? I mean if it fell it must be due to the sell stops at 1270
I think, and i'm not sure - when price plunges like that on a one minute , it has to do with a heavy order hit the market ... i don't know if it is a sell to open or sell to close ! If a retrace happens in the next few hours or price stalls beside the plunging candle could be an indication of an order. Last time i saw that was few weeks ago, when a heavy order plunged the price that COT had to freeze trading for 5 minutes! It looks scary

If, however the next candle print a new low - then it could be price falling .
"It's the Margin, Stupid."
  • #854,672
  • Nov 20, 2013 5:51am Nov 20, 2013 5:51am
Quoting Vachus
{quote} I think, and i'm not sure - when price plunges like that on a one minute , it has to do with a heavy order hit the market ... i don't know if it is a sell to open or sell to close ! If a retrace happens in the next few hours or price stalls beside the plunging candle could be an indication of an order. Last time i saw that was few weeks ago, when a heavy order plunged the price that COT had to freeze trading for 5 minutes! It looks scary If, however the next candle print a new low - then it could be price falling .
I think this craziness will continue till december mid and we have to be ready to take loses even if our technicals and fundies are correct. market is doing bizarre things
  • #854,673
  • Nov 20, 2013 5:55am Nov 20, 2013 5:55am
Quoting EternalNewB
{quote} 96.50 ?? isn't it a bit too aggressive/optimistic ?
He is playing partial correlation U/J down E/U up by not taking in other considerations.

Why the horse is seeing one direction

Attached Image
  • #854,674
  • Nov 20, 2013 6:04am Nov 20, 2013 6:04am
Quoting giveachance
{quote} I think this craziness will continue till december mid and we have to be ready to take loses even if our technicals and fundies are correct. market is doing bizarre things
that type of craziness for exemple !? -)
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  • #854,675
  • Nov 20, 2013 6:11am Nov 20, 2013 6:11am
Attached Image (click to enlarge)
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  • #854,676
  • Nov 20, 2013 6:16am Nov 20, 2013 6:16am
Its wise today to take into account the potential for all events to align for a potential trend change. Its already expected that the economy is weak, inflation is low and the Fed is dovish.

If all of these things are not proven to be true today, current market positioning and technical set ups could lead to the START of a move lower. Eurozone inflation print is only 1.5 weeks away as well. It doesnt seem like there are many real trend traders in this thread, but if you know what the likely fundamental situation is, and you start building the position at the start of a new move... you can end up 6 months down the line with a massive position on and price has move 1000 pips in your direction and you have consistently added on pull backs.
Twitter: @TrendersGame
  • #854,677
  • Nov 20, 2013 6:19am Nov 20, 2013 6:19am
Quoting Miguel.N
{quote} that type of craziness for exemple !? -) {image}
this one i like better
looking for investors . pm me
  • #854,678
  • Nov 20, 2013 6:22am Nov 20, 2013 6:22am
Quoting Citiboy
Its wise today to take into account the potential for all events to align for a potential trend change. Its already expected that the economy is weak, inflation is low and the Fed is dovish. If all of these things are not proven to be true today, current market positioning and technical set ups could lead to the START of a move lower. Eurozone inflation print is only 1.5 weeks away as well. It doesnt seem like there are many real trend traders in this thread, but if you know what the likely fundamental situation is, and you start building the position...
Why building a position in the red? Why can't u just sit down and wait ... it moves higher, its ur gain ! You miss the opportunity when price plunges and you are not in , many are yet to come ! Just wait and be patient if you want to short the Euro. Here is a data for you " 20 December " start building ur short position.

The last two times, you went short heavily short at 1.34X when price went all the way towards 1.38. When we started dropping u decided to go long , now you are making the same mistake allover again ... JUST BE PATIENT AND WAIT FOR 20 DECEMBER!
"It's the Margin, Stupid."
  • #854,679
  • Nov 20, 2013 6:26am Nov 20, 2013 6:26am
December 20? The move will already be priced in by then. Its a risk reward game. I can lose over and over and still make big profits in the end because I pick high risk reward spots.
Twitter: @TrendersGame
  • #854,680
  • Nov 20, 2013 6:26am Nov 20, 2013 6:26am
Quoting forexings
{quote} Do you know what's bidding and asking rate? Too many shorts without buyer will lower the price by 315 degree angle (if no new sell & buy) where horizontal line is time and vertical line is bidding price.

So what if many short limit orders several pips above the current price(Bid or Ask). Limit orders do not actually impact the mkt until the buyers push the price to their limit selling price, right? If no one buyers want to buy at the price, will there be any deals?
Enjoy life, fuck the rest
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