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  • #868,401
  • Jan 7, 2014 8:21am Jan 7, 2014 8:21am
Actually i have noticed this for some weeks the US session has always been the lame one without movements direction less almost
dont know the reason for it. It used to be different a few months back
MMMYYYKKK
  • #868,402
  • Jan 7, 2014 8:23am Jan 7, 2014 8:23am
Quoting myk
Actually i have noticed this for some weeks the US session has always been the lame one without movements direction less almost dont know the reason for it. It used to be different a few months back


Well, how about London has had its move, now we are waiting for NY in 7 min...

Should pick things up ;-)
@pawpaw1000 on Twitter
  • #868,403
  • Jan 7, 2014 8:28am Jan 7, 2014 8:28am
What makes you think there's going to be any serious moves prior to NFP / Meeting minutes?

It's probably just going to continue to consolidate and fake out as many traders as possible prior. I'm just scalping for today myself..
  • #868,404
  • Jan 7, 2014 8:29am Jan 7, 2014 8:29am
At this point with the US Trade Balance beating expectations there really isn't any intensives for going long with this pair, that coupled with rumors of the ECB considering adding policy stimulus why would anyone go long?
  • #868,405
  • Jan 7, 2014 8:30am Jan 7, 2014 8:30am
Quoting irongoose
At this point with the US Trade Balance beating expectations there really isn't any intensives for going long with this pair, that coupled with rumors of the ECB considering adding policy stimulus why would anyone go long?


Because the chart says so?
@pawpaw1000 on Twitter
  • #868,406
  • Jan 7, 2014 8:31am Jan 7, 2014 8:31am
Quoting irongoose
At this point with the US Trade Balance beating expectations there really isn't any intensives for going long with this pair, that coupled with rumors of the ECB considering adding policy stimulus why would anyone go long?
Exactly
  • #868,407
  • Jan 7, 2014 8:32am Jan 7, 2014 8:32am
Quoting pawpaw1000
{quote} Because the chart says so?
Are charts ever wrong?
  • #868,408
  • Jan 7, 2014 8:34am Jan 7, 2014 8:34am
Quoting irongoose
{quote} Are charts ever wrong?
No charts are never wrong....only traders are
COT: The precious data ignored
  • #868,409
  • Jan 7, 2014 8:35am Jan 7, 2014 8:35am
Quoting irongoose
{quote} Are charts ever wrong?


Not that I know of?
@pawpaw1000 on Twitter
  • #868,410
  • Jan 7, 2014 8:37am Jan 7, 2014 8:37am
Quoting kuroro001
{quote} No charts are never wrong....only traders are
LOL Charts just don't always speak the same language as the traders do.
  • #868,411
  • Jan 7, 2014 8:43am Jan 7, 2014 8:43am
EU playing games - GU is massively short retail. So - long.

Will we pray for interim correlation?

Regards
  • #868,412
  • Jan 7, 2014 8:43am Jan 7, 2014 8:43am
Quoting irongoose
{quote} Are charts ever wrong?
Traders do wrong so chart follows. If you say chart wrong that will point to traders who are responsible to move it.
You cannot learn better without losing
  • #868,413
  • Jan 7, 2014 8:47am Jan 7, 2014 8:47am
Out of EU long with 7 pips... Didn't go according to plan today ;-)

Good entries and good analysis all round ;-)
@pawpaw1000 on Twitter
  • #868,414
  • Jan 7, 2014 8:47am Jan 7, 2014 8:47am
Daily short term bullish momentum kicked out. Now either range or new daily low.
You cannot learn better without losing
  • #868,415
  • Jan 7, 2014 8:47am Jan 7, 2014 8:47am
Quoting Ken A
{quote} New quarter still in consolidation for almost all pairs
Yea can be a valid reason i m opening a buy here 3620 with stop 3595
MMMYYYKKK
  • #868,416
  • Jan 7, 2014 8:55am Jan 7, 2014 8:55am
Quoting myk
{quote} Yea can be a valid reason i m opening a buy here 3620 with stop 3595

your bravery will be honoured...or not.
f(z)=z2+c
  • #868,417
  • Jan 7, 2014 8:56am Jan 7, 2014 8:56am
Quoting myk
{quote} Yea can be a valid reason i m opening a buy here 3620 with stop 3595
Wise choice, right now....there aren't any reasons to be long in this pair, maybe tomorrow but not now.
  • #868,418
  • Jan 7, 2014 8:56am Jan 7, 2014 8:56am
Quoting TauTrader
EU playing games - GU is massively short retail. So - long. Will we pray for interim correlation? Regards
Uncle Tau what news U/CAD
  • #868,419
  • Jan 7, 2014 8:57am Jan 7, 2014 8:57am
I would still prefer long...

go long 3620 sl 3580 tp 3700
  • #868,420
  • Jan 7, 2014 9:01am Jan 7, 2014 9:01am
Very weak move today, still the move from the top is not a strong one so i'll expect another go at it

Only the entry is the tricky part
COT: The precious data ignored
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