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  • #965,081
  • Edited 6:11am Mar 2, 2015 5:47am | Edited 6:11am
Keeps going up..........if there is a bounce at 1.1203 then 1.1313 could be the target........then that should open the way for 1.1076......
  • #965,082
  • Mar 2, 2015 5:49am Mar 2, 2015 5:49am
I'll short this for 30 pips to 1.12.... still think we can get to 1.13 soon (sometime early this week perhaps) GBP going to get sent off a cliff.. Hmmm may stay short EU for more than 30 pips, this move looks bearish
  • #965,083
  • Mar 2, 2015 5:56am Mar 2, 2015 5:56am
Quoting GlobalMacro
{quote} A concept from Probability Theory ---> basically what it means is that 1.22xx is statistically insignificant at this point
Thanks for the info.
  • #965,084
  • Mar 2, 2015 5:57am Mar 2, 2015 5:57am
Quoting GlobalMacro
{quote} A concept from Probability Theory ---> basically what it means is that 1.22xx is statistically insignificant at this point
Sure, but if you don't mind: whats your input for the standard deviation?
Fail better.
  • #965,085
  • Mar 2, 2015 5:58am Mar 2, 2015 5:58am
Why is everyone trying to short this today?

There is a clear buying imbalance!
Simon says die
  • #965,086
  • Mar 2, 2015 6:02am Mar 2, 2015 6:02am
Quoting gatorinla
{quote} u and most of the forum. 1400.x norm is still there. i have 1073 penciled in before (st scalp i am in 1121/22) that bounce on a older target within .. somewhere between 1007 and 1073, a bounce. 1006 is larger so i may be wrong about 1073.. tech wise a bounce for 1400.x is expected in the 1006x/1269 window. a 263 pip window we are currently within. somewhere within those 263 pips norm usually wants a beer 1400.x to 1533 or 1/2 the 263 pip window
I remember two things you've said last month

1. We could be in this range for months
2. Norm was at 1400

I'm skeptical of shorting for a number of reasons, we'll need higher for the momentum to push through 1209 zone...every fib above has had a decisive candle through except 1209. Last months close, while below 1209, was still lack luster in that context.

Then there's the whole non-LL and 9 red candle crap.

That being said, I'm not a bull- but I'll flirt with them. Only the outside moves for me. 1420-1533 shorts and whatever the numbers I posted for Longs yesterday. The 1533 attempt failed last month
  • #965,087
  • Mar 2, 2015 6:04am Mar 2, 2015 6:04am
Quoting Catempire
Don't know if anyof you trade E/G but it hit horizontal support this morning dating all the way back to 1999... Good for a long on any pull back. GBP is over valued against the EU ATM
Already did .........

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  • #965,088
  • Mar 2, 2015 6:04am Mar 2, 2015 6:04am
Quoting OnlineAddict
{quote} Even 1230 would work for me...then down to 1190 and up again...I can see myself buying the dips this week. Until 1315, at least.
Ok, 1230 was easy peasy...I will wait for 1190 to go long again, if the PA is right...no rush here.
Everyone can see the chart, but only a few can actually read it.
  • #965,089
  • Mar 2, 2015 6:05am Mar 2, 2015 6:05am
Quoting janpec1000
Short EG 7290.
Going to try and wait for 0.7318
  • #965,090
  • Mar 2, 2015 6:10am Mar 2, 2015 6:10am
Seems like a good intraday short to me... If it moves against me, no big deal, I short higher....
Quoting OnlineAddict
{quote} Ok, 1230 was easy peasy...I will wait for 1190 to go long again, if the PA is right...no rush here.
  • #965,091
  • Mar 2, 2015 6:11am Mar 2, 2015 6:11am
Quoting GlobalMacro
{quote} A concept from Probability Theory ---> basically what it means is that 1.22xx is statistically insignificant at this point
You might be missing the point from the original conversation. The levels were about "flip" areas ("flip" its a made up word from previous conversations with him). The 1.22xx area is a "flip" area case example from the major swing leg and it has absolutely nothing to do with taking a trade or looking for targets right now, etc.

Plus and more importantly, not all levels to track imply trading decisions. Some give heads up, some help define major directions and some others...well, they just help define "flip" reference areas between bulls and bears....

In any case, slow but consistently better numbers keep coming from the Eurozone, from France to Italy, Spain and Ireland ... a sluggish but an up trend at the end in better macro numbers is forming in the eurozone.

A simple and natural morning european session done with 1.118x holding without much fuss. NY to come, intraday choppy session expected. Nothing new on both intraday and swing legs. Same levels, same trades, same all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #965,092
  • Mar 2, 2015 6:11am Mar 2, 2015 6:11am
Quoting cspip
{quote} Going to try and wait for 0.7318
7340 is better one yeh.
  • #965,093
  • Mar 2, 2015 6:13am Mar 2, 2015 6:13am
Quoting Ck87
Seems like a good intraday short to me... If it moves against me, no big deal, I short higher.... {quote}
Yeah, should be a good short scalp, but I wouldn't short it after yesterday's pre-Tokyo PA, too risky...I think a safer short will be during asia, maybe into 1190, if it doesn't come during US and then another long.
Everyone can see the chart, but only a few can actually read it.
  • #965,094
  • Mar 2, 2015 6:15am Mar 2, 2015 6:15am
Quoting sisse
{quote} You might be missing the point from the original conversation. The levels were about "flip" areas ("flip" its a made up word from previous conversations with him). The 1.22xx area is a "flip" area case example from the major swing leg and it has absolutely nothing to do with taking a trade or looking for targets right now, etc. Plus and more importantly, not all levels to track imply trading decisions. Some give heads up, some help define major directions and some others...well, they just help define "flip" reference areas between bulls...
Bear markets ignore good news AND exaggerate bad news.
We do need to see new lows though.
  • #965,095
  • Mar 2, 2015 6:18am Mar 2, 2015 6:18am
Quoting Ck87
{quote} Bear markets ignore good news AND exaggerate bad news. We do need to see new lows though.
What make you say that?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #965,096
  • Mar 2, 2015 6:20am Mar 2, 2015 6:20am
Quoting sisse
{quote} What make you say that? sisse
What makes me say that bear markets ignore good news and exaggerate bad news? It's a known fact.
  • #965,097
  • Mar 2, 2015 6:21am Mar 2, 2015 6:21am
Quoting Ck87
We do need to see new lows though.
We don't have to see any new lows now...we can easily go 300 pips up before bears make an attempt again.
Everyone can see the chart, but only a few can actually read it.
  • #965,098
  • Mar 2, 2015 6:22am Mar 2, 2015 6:22am
Quoting Ck87
{quote} What makes me say that bear markets ignore good news and exaggerate bad news? It's a known fact.
Flawless logic right there.....

The Earth is flat
Why would you say that?
Everyone knows it's flat
  • #965,099
  • Mar 2, 2015 6:23am Mar 2, 2015 6:23am
Quoting Pharm0r
{quote} Flawless logic right there..... The Earth is flat Why would you say that? Everyone knows it's flat
Didn't say everyone knows it's a fact, and clearly everyone doesn't, but it's been this way for a long time.. don't see why it would change now. That's how trends work.
  • #965,100
  • Mar 2, 2015 6:23am Mar 2, 2015 6:23am
Quoting OnlineAddict
{quote} We don't have to see any new lows now...we can easily go 300 pips up before bears make an attempt again.
Agree with that, we will see new lows in time either way.
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