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  • #930,021
  • Edited 7:51pm Oct 15, 2014 7:24pm | Edited 7:51pm
Will it go to 1.2750 because it is a strong round number. Market moved during NY Session and it may need a Pivot Price for the first London Session after this move. When I say Pivot, it may not necessarily mean one starts adding HLOCC. To me, it is a base level where price stays before any major occurrence, normally nearest key level.
The Thief of Wall Street
  • #930,022
  • Oct 15, 2014 7:58pm Oct 15, 2014 7:58pm
Quoting Chicky
Will it go to 1.2750 because it is a strong round number. Market moved during NY Session and it may need a Pivot Price for the first London Session after this move. When I say Pivot, it may not necessarily mean one starts adding HLOCC. To me, it is a base level where price stays before any major occurrence, normally nearest key level.
Where did London close in its last session (Oct 15, 11:00 EST)? I have 1.2762. Can someone please confirm? It may get there before or soon after London open today.
The Thief of Wall Street
  • #930,023
  • Oct 15, 2014 8:07pm Oct 15, 2014 8:07pm
This open/close is providing some support. Let's see if it breaks this technical support.
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The Thief of Wall Street
  • #930,024
  • Edited 8:28pm Oct 15, 2014 8:12pm | Edited 8:28pm
chicky don't like it
don't predict direction, but dance with flow of water
  • #930,025
  • Oct 15, 2014 8:18pm Oct 15, 2014 8:18pm
Quoting priceaction1
so it is working nice i.e just go with fallow trade was post in real time http://www.forexfactory.com/showthre...96#post7803296 {image}
It is difficult to read all posts and remember. Will be highly appreciated if you could PM these calls on every next occasion. My PM address is: [email protected]

Where did last London session close ? Anybody.................. Don't say "in London", give me Eur/USD closing quote.
The Thief of Wall Street
  • #930,026
  • Oct 15, 2014 8:20pm Oct 15, 2014 8:20pm
Quoting Chicky
{quote} Where did London close in its last session (Oct 15, 11:00 EST)? I have 1.2762. Can someone please confirm? It may get there before or soon after London open today.
As per FF. LON closed at 1.27795 and NY closed at 1.26652
  • #930,027
  • Edited 8:38pm Oct 15, 2014 8:28pm | Edited 8:38pm
Quoting Magicmen
{quote} As per FF. LON closed at 1.27795 and NY closed at 1.26652
I don't get it. Can you post something. NY close can't be 1.26xx, I think you checked 5:00 am instead of 5:00 pm EST. Thanks.
The Thief of Wall Street
  • #930,028
  • Oct 15, 2014 8:34pm Oct 15, 2014 8:34pm
Quoting Chicky
{quote} I don't get it. Can you post something. NY close can't be 1.26xx
Someone please confirm is this is right:

Last London Close: 1.2758

Last NY Close: 1.2837
The Thief of Wall Street
  • #930,029
  • Oct 15, 2014 8:37pm Oct 15, 2014 8:37pm
Quoting Chicky
{quote} Someone please confirm is this is right: Last London Close: 1.2779 Last NY Close: 1.2834
London close was 1.27784
US Close was 1.28366
Alpari UK
  • #930,030
  • Oct 15, 2014 8:44pm Oct 15, 2014 8:44pm
Quoting kelvinftg
{quote} London close was 1.27784 US Close was 1.28366 Alpari UK
How did you get the Close? Do they quote the Closing Price or you got it from a bar in the chart? If its a bar, does it show opening Time or Closing Time? Normally, when it says 11:00 means it is the bar open time and not the bar close time. Therefore the hourly bar at 10:00 am will have 11:00 am closing. Let me know if my understanding is incorrect.
The Thief of Wall Street
  • #930,031
  • Oct 15, 2014 8:51pm Oct 15, 2014 8:51pm
Quoting Chicky
{quote} How did you get the Close? Do they quote the Closing Price or you got it from a bar in the chart? If its a bar, does it show opening Time or Closing Time? Normally, when it says 11:00 means it is the bar open time and not the bar close time. Therefore the hourly bar at 10:00 am will have 11:00 am closing. Let me know if my understanding is incorrect.
Yes Chicky, lol. I know my candles. Those are the closing quotes, hovering over candle to read H1 bar close quote.
  • #930,032
  • Oct 15, 2014 8:56pm Oct 15, 2014 8:56pm
Quoting kelvinftg
{quote} Yes Chicky, lol. I know my candles. Those are the closing quotes, hovering over candle to read H1 bar close quote.
Thanks. I checked on 1M and this is what I got from my broker:

London Close: 1.2758
NY Close: 1.2838
The Thief of Wall Street
  • #930,033
  • Oct 15, 2014 9:06pm Oct 15, 2014 9:06pm
Quoting Chicky
{quote} Thanks. I checked on 1M and this is what I got from my broker: London Close: 1.2758 NY Close: 1.2838
No problem. Anyways, why are the closing prices important?
  • #930,034
  • Oct 15, 2014 9:11pm Oct 15, 2014 9:11pm
Quoting kelvinftg
{quote} No problem. Anyways, why are the closing prices important?
Reason #1: Nobody was posting anything here, so I decided to start something.

Reason #2: There is a good selling pressure from 1.2885, sometimes these spikes push the price down to opponent economy's closing price as pivot price for the next session start. Many times these pushes survive for days and weeks. But no guarantee that history will repeat itself.
The Thief of Wall Street
  • #930,035
  • Edited 10:37pm Oct 15, 2014 9:20pm | Edited 10:37pm
Feel like the market sort of "overlooked" the whole europe going to even more shit admist all this "bad US data"(which was actually expected and even told in fed minutes), US equity sell off/bond buying, and ebola scares today. The fact is the US is still leaps and bounds ahead of europe lets hope yellen can quell the alarmists Friday and we get some better US data and can be on our merry way. Greece is going to go into default again their bond yields are shooting up over 7% and theyre going to drag the rest of Europe along with them once again unless Germany allows Draghi to print the moneyzzz (QE).
  • #930,036
  • Oct 15, 2014 9:20pm Oct 15, 2014 9:20pm
Quoting Chicky
{quote} Reason #1: Nobody was posting anything here, so I decided to start something. Reason #2: There is a good selling pressure from 1.2885, sometimes these spikes push the price down to opponent economy's closing price as pivot price for the next session start. Many times these pushes survive for days and weeks. But no guarantee that history will repeat itself.
I see. For me, the day usually start with the Daily Pivot Point being a magnet and I tend to take most trades during Aussie or Tokyo.

Today I have a short from 1.2839 when it tested the highs which I just closed as it might make a small bounce here.
  • #930,037
  • Oct 15, 2014 9:22pm Oct 15, 2014 9:22pm
Am I reading this right - you guys are all short or looking to get short? IMO there is something pushing EUR up. Chinese loading up since all mighty USA not doing so well? But then again neither is Eurozone so something is definitely amiss here... I am long so let's see what happens.
  • #930,038
  • Oct 15, 2014 9:23pm Oct 15, 2014 9:23pm
Quoting thegmann
Feel like the market sort of "overlooked" the whole europe going to even more shit admist all this "bad US data"(which was actually expected and even told in fed minutes), US equity sell off/bond buying, and ebola scares today. The fact is the US is still leaps and bounds ahead of europe lets hope yellen can quell the alarmists tomorrow and we get some better US data and can be on our merry way. Greece is going to go into default again their bond yields are shooting up over 7% and theyre going to drag the rest of Europe along with them once again...
Agree, yet Euro is insanely strong...
  • #930,039
  • Oct 15, 2014 9:28pm Oct 15, 2014 9:28pm
Quoting Fxism
Am I reading this right - you guys are all short or looking to get short? IMO there is something pushing EUR up. Chinese loading up since all mighty USA not doing so well? But then again neither is Eurozone so something is definitely amiss here... I am long so let's see what happens.
One being short or long is meaningless without giving the levels. Some maybe short for 8 pips, some for 800, same is true also for longs. Logically, one should get long based on what we know today, but there is also a tomorrow and who knows what newer news it will bring.
The Thief of Wall Street
  • #930,040
  • Oct 15, 2014 9:29pm Oct 15, 2014 9:29pm
We are just seeing a retracement here people, eurusd is not strong nor will it be with the current dovish monetary policy and interest rates ECB is putting out. The retracement on this pair was long overdue, expect lower prices still yet to come. I would keep close eye on risk trends, as we did get bounce end of day sp500 however price telling we will consolidate and range here for a while.
All posts are my personal opinion
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