I am really embarrassed Fx(MIA) but I just don't understand at all - is it me? Is there a worksheet or something that explains how you work or how I am best to interpret your work. I am obviously keen to learn everything I can from you but not quite getting it at the moment. I know I am probably a fine one to talk, but is there any help available on the forum somewhere.
I'm afraid there's nothing of interest there. He's bored...
A beautiful mind is much more important than a fat pocket.
Got that SSI flip today as we were talking about 2 days ago regarding SSI and range trading!
Thanks psperos! We had did get the SSI flip as more traders have piled into shorts now SSI is bullish: EURUSD - The ratio of long to short positions in the EURUSD stands at -1.14 as nearly 53% of traders are short. Yesterday, the ratio was at 1.06 as 51% of open positions were long. In detail, long positions are 7.7% lower than yesterday and 11.4% weaker since last week. Short positions are 12.0% higher than yesterday and 4.0% stronger since last week. Open interest is 1.8% stronger than yesterday and 1.8% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
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Price found support around 1.3090, together with a coming rising clouds, there's good reason to be bullish now, but, as long as 1.32 not cleared, the whole upmove could still be a retracement for the downmove to continue.
Been flat during this chop fest but this is what im looking at right now. going to stay patient and see if it plays out. will plan to go long around 1.2980 area if we get a dip that deep. GL all.
“There are no limitations to the mind except those we acknowledge.”
Another anaemic leg up overnight - could be a truncated something. I am tired now. Have closed all longs at 1.3140 and sitting out from here till Monday and back from hols.
It seems I have exceeded my quota of files i can transfer (4.86 GB it says).. Well then no charts and here it goes..
GU looks toppish for 5944 area if holds would be looking for a systematic move to 5810 area
On gu a break higher to 5944 points to a 6008-12 showdown, and hence euro then must have broken higher as well....
Geppy possibly next round of selling to come soon on it esp if gu holding 5944-50 lvl.. 129.37 is top resis and 128.10 imp and critical supp..
EUR make it or break it.. numerous attmempts up north and meeting willing sellers.. anyways 3150 clean breaks points to 3230-50 play. a break under 3110 exposes 3050-55 and won;t negate the fact that 3025-30 test could unfold for if the price cna stay under 3082 once hitting 3050-55 out..
AUD a test of 10402 is likely here USDOLLAR so far is not showing any sign of a possible up move to come anytime soon.9905-10 is imp fortr today... EJ 106.42 immediate resis with 106.72 higher end for the day (assuming into NA session else 107.02 is resis) .. 105.92-95 is decent supp.. a break under risk a drop to 104.70-80... EG with descending wedge in mind we could be testing the top of the wedge along with a breakout lvl into around 8300... 8333-40 top resis
GL
Last edited by stryker; 04-12-2012 at 03:29 AM.
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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Originally Posted by Clivewaverider
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