no big news and suddenly the price dropped out of the blue. Anybody know what just happened?
- #872,884
- Jan 29, 2014 4:33am Jan 29, 2014 4:33am
- | Membership Revoked | Joined Jun 2011 | 2,124 Posts
fokyou forexfactory
- #872,887
- Jan 29, 2014 4:41am Jan 29, 2014 4:41am
- | Membership Revoked | Joined Jun 2011 | 2,124 Posts
fokyou forexfactory
- #872,889
- Jan 29, 2014 4:48am Jan 29, 2014 4:48am
- | Membership Revoked | Joined Jun 2011 | 2,124 Posts
fokyou forexfactory
- #872,892
- Jan 29, 2014 5:07am Jan 29, 2014 5:07am
- Joined Dec 2013 | Status: Trader | 2,141 Posts
We all know what will happen tonight...proliferation of the crying syndrome and the superman syndrome. 
But what always happens when Fed or ECB is in the picture is a massive hunting. So I'm waiting for this two screenplay:
1. drop to 1.35500 (forming a nice head & shoulder just to make sure both up and down remain valid), than
A) up to the sky (h&s will remain valid) and making new highs.
B) drop like a stone (h&s will be destroyed) and making new lows.
2. up to the 1.37500-1.38000 region, and than
A) false brakeout will fall back and butcher the beef cattles.
B) backtesting (for example the 1.37 region) and than aiming to new highs.
A straight move would be too generous...
So my plan:
Buy at 1.35500, because the risk-reward is sumptuous...
Sell at 1.37700-1.38000, because same reason.
Or just don't do anything and wait till tomorrow (it's the hardest, but the smartest).
But what always happens when Fed or ECB is in the picture is a massive hunting. So I'm waiting for this two screenplay:
1. drop to 1.35500 (forming a nice head & shoulder just to make sure both up and down remain valid), than
A) up to the sky (h&s will remain valid) and making new highs.
B) drop like a stone (h&s will be destroyed) and making new lows.
2. up to the 1.37500-1.38000 region, and than
A) false brakeout will fall back and butcher the beef cattles.
B) backtesting (for example the 1.37 region) and than aiming to new highs.
A straight move would be too generous...
So my plan:
Buy at 1.35500, because the risk-reward is sumptuous...
Sell at 1.37700-1.38000, because same reason.
Or just don't do anything and wait till tomorrow (it's the hardest, but the smartest).
f(z)=z2+c
- #872,893
- Jan 29, 2014 5:10am Jan 29, 2014 5:10am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #872,895
- Jan 29, 2014 5:12am Jan 29, 2014 5:12am
- | Membership Revoked | Joined Jun 2011 | 2,124 Posts
fokyou forexfactory
- #872,898
- Jan 29, 2014 5:14am Jan 29, 2014 5:14am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
{quote} your chart must be upside down eh!
Haha i wanted to say fall...
1,359x ? And then 1,355x ?
COT: The precious data ignored