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  • #855,581
  • Nov 22, 2013 6:31am Nov 22, 2013 6:31am
1.3400-1.3550 range looks a good bet after this week's whippy action. I think it wants to move even higher than previous high.
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  • #855,582
  • Nov 22, 2013 6:32am Nov 22, 2013 6:32am
Quoting Vladimir1987
{quote} Hi Tau I think of shorting this at level 3540 and if weakness persists. Still lot of folks want to short and still we crawl up slowly, first the stops and then maybe a lower move

we have all a different understanding of the market, for me 3540 telling go much higher, so...!? -(
  • #855,583
  • Nov 22, 2013 6:32am Nov 22, 2013 6:32am
Quoting Vladimir1987
{quote} Hi Tau I think of shorting this at level 3540 and if weakness persists. Still lot of folks want to short and still we crawl up slowly, first the stops and then maybe a lower move
Good day to you, Sir

Yes - in the bigger scheme of things - way to many retailers short. 3:1 almost. But I'm trading this short based on flow of current orders - 8hr bar. The bar closes in 90 minutes for me. So expecting a little drift down over the next 8 to 16 hrs. ( in terms of trading time)

That would take us to Friday close and early session Monday.

Will cut when we reach 1.3550.

Could get my ass handed to me as well. So we see.

Regards
  • #855,584
  • Nov 22, 2013 6:34am Nov 22, 2013 6:34am
aw, its 4 ups but in low timeframe...short not short not....
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #855,585
  • Nov 22, 2013 6:38am Nov 22, 2013 6:38am
Quoting aSTRONAUT
Ive got a sell order on 3538, i hope it hits.. see alot of potential!!!

good shot
  • #855,586
  • Nov 22, 2013 6:39am Nov 22, 2013 6:39am
Quoting John Gray
here's inverse correlation between Japanese Index and XXXJPY right?
Hi John, Its not like it was only Japan stocks and Japan index. There are some types of assets, which are denominated in just one single currency, so there goes heavy neg. correlation. For example these Japans have their cash (Yen) parked at Tokyo Stock exchange, so if they decide to buy stocks, they are in fact selling Yen. Its the same with DJIA and USD. And btw with Oil and USD, which is one of the most depriving facts of modern age and we could be talking bout this topic for hours.
Edit: btw ouch that facking Euro. Thinks I need a break.
T
"I know one thing, that I know nothing." Sokrates
  • #855,587
  • Nov 22, 2013 6:40am Nov 22, 2013 6:40am
Quoting Miguel.N
{quote} we have all a different understanding of the market, for me 3540 telling go much higher, so...!? -(
Everyone has his own view on market and it should be so. Tau i know is such a person which is sticking to its own view and i dont or rather wont to change views or trades from a trader here, just to put my thoughts out here as Tau is doing and others.

Cheers
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  • #855,588
  • Nov 22, 2013 6:41am Nov 22, 2013 6:41am
Quoting John Gray
{quote} Im not really an index person, I really should be. There's inverse correlation between Japanese Index and XXXJPY right?
Sorry to butt in a little late, but no. It used to be that way, but throughout 2013, USDJPY and the Nikkei have been positively correlated. Check it out.

Edit: nvm, Tom D already explained it all a couple posts above mine!
  • #855,589
  • Nov 22, 2013 6:47am Nov 22, 2013 6:47am
this is going to 1.3570 today..
  • #855,590
  • Nov 22, 2013 6:51am Nov 22, 2013 6:51am
Quoting Vladimir1987
{quote} Everyone has his own view on market and it should be so. Tau i know is such a person which is sticking to its own view and i dont or rather wont to change views or trades from a trader here, just to put my thoughts out here as Tau is doing and others. Cheers {image}
Good day to you, Sir

This is how it should be. Each to his own, with respect to other viewpoints. Balanced.

Good on you.

I'm not saying we are embarking on a national short frenzy. I'm scalping the next few hours short. That is all..

Trade well!

Regards
  • #855,591
  • Nov 22, 2013 6:51am Nov 22, 2013 6:51am
Quoting Jexter
Sorry to butt in a little late, but no. It used to be that way, but throughout 2013, USDJPY and the Nikkei have been positively correlated. Check it out.
I havent explained it, just tried. I am not great in statistics (neither technical analysis) and thats actually my biggest disadvantage as trader. I can see some correlations are breaking from time to time. We ve been talking bout simmilar subject like a week ago and think agreed when I already have account in Tokyo and buy Nikkei, it is sell on Yen. However, if foreign capital is flowing in Japan country to invest there as well, they first need to buy their currency. And unfortunately lately in markets there is lots and lots of funny money in circulation desperately seeking for yields. In effect it lead me to start new project, which is running like half a year and due to my incompetence is still not working. Am trying to get a realtime correlation analysis of several assets, so I can see when correlations break and can watch money flow. But am stupid, so it takes time .
T
"I know one thing, that I know nothing." Sokrates
  • #855,592
  • Nov 22, 2013 6:55am Nov 22, 2013 6:55am
Quoting brio
Next level 1.3511/15
Next level 1.3539/45
some possible retracement to 1.3506
Maximizing your potentials!
  • #855,593
  • Nov 22, 2013 6:57am Nov 22, 2013 6:57am
Quoting chamika1989
this is going to 1.3570 today..

scenario 1 not going past 3548, scenario 2 not going past 3580 scenario 3 going past both...
if scenario 3 happen, adding short every 100 pips up with 1 percent margin tp 50
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #855,594
  • Nov 22, 2013 6:58am Nov 22, 2013 6:58am
The challenge will be either here or here.

Will attempt a small short @ here or here.

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  • #855,595
  • Nov 22, 2013 6:58am Nov 22, 2013 6:58am
Quoting BlueGas
{quote} It is, so am i , actually i have 3525 as first ress
Okay, doors open for 36xx
  • #855,596
  • Nov 22, 2013 7:00am Nov 22, 2013 7:00am
Pair seems likely to get breakout buying (upside) for the first 5min after current hourly close in a few ....
They think they are smarter than I am.
  • #855,597
  • Nov 22, 2013 7:03am Nov 22, 2013 7:03am
Quoting Ken A
The challenge will be either here or here. Will attempt a small short @ here or here. {image}
why ken A? is there any technical reason for this?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #855,598
  • Nov 22, 2013 7:03am Nov 22, 2013 7:03am
Short order @ 1.3552 SL 1.3612 Open Target Will move SL to break-even once I have 10 pips of profit.
  • #855,599
  • Nov 22, 2013 7:06am Nov 22, 2013 7:06am
Confluence at tl with supply up here from my personal view.
Am waiting to see some more weakness to sell
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  • #855,600
  • Nov 22, 2013 7:06am Nov 22, 2013 7:06am
likely target 1.3550. will short there. currently running a short
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