|
|
 |
|
08-21-2009, 08:51 AM
|
 |
Member
|
|
Join Date: Dec 2008
Posts: 201
|
|
|
Some clue?
__________________
Money without brains is always dangerous....
|
08-21-2009, 08:52 AM
|
|
Member
|
|
Join Date: Jul 2009
Posts: 171
|
|
Quote:
Originally Posted by cool_fx
lol. u r funny.
btw, what does ur crystal ball says abt Bernakes speech in 15 mins?
|
Dunno about the speech but a serious bearish doji forming on H4 with 8 mins to go... |
08-21-2009, 09:01 AM
|
|
Member
|
|
Join Date: Oct 2008
Posts: 511
|
|
Quote:
Originally Posted by clocksley
Dunno about the speech but a serious bearish doji forming on H4 with 8 mins to go...
|
hye guys...
haha.... its up with 50 pip in 5 minutes.. huhu... |
08-21-2009, 09:05 AM
|
|
Member
|
|
Join Date: Jul 2009
Posts: 171
|
|
Quote:
Originally Posted by wan0903
hye guys...
haha.... its up with 50 pip in 5 minutes.. huhu...
|
In 8 minutes it went from a definite down to huge green candle!
Just wondering if it gets to 156 and then turns back, following the usual trend. If it breaks it then maybe we are on the way out.
So much indecision at the moment trading this pair - keeping out till it breaks one of the major barriers... |
08-21-2009, 09:11 AM
|
|
Member
|
|
Join Date: Nov 2008
Posts: 1,524
|
|
Quote:
Originally Posted by wan0903
hye guys...
haha.... its up with 50 pip in 5 minutes.. huhu...
|
lol i had long frm 154.90 thinking it will go up for few pips and i will sell it at 155.70 area again.
lol my Shorts closed with no loss. but my longs gave me 120 pips profit. lol its hilarous |
08-21-2009, 09:16 AM
|
|
Member
|
|
Join Date: Jul 2009
Posts: 171
|
|
Quote:
Originally Posted by cool_fx
lol i had long frm 154.90 thinking it will go up for few pips and i will sell it at 155.70 area again.
lol my Shorts closed with no loss. but my longs gave me 120 pips profit. lol its hilarous
|
It's going for it like a rat out of a trap!
Is it going to stall??? |
08-21-2009, 09:19 AM
|
|
Member
|
|
Join Date: Nov 2008
Posts: 1,524
|
|
Quote:
Originally Posted by clocksley
It's going for it like a rat out of a trap!
Is it going to stall???
|
156.70 is the Resistance zone followed by a HUGE resistance at 157.50 . i wud keep my SHORTs at 156.70 area with STOPs at 157.50 and target 155 the best with 154.00 for more brave. |
08-21-2009, 09:22 AM
|
 |
DailyFX Power Course Instructor
|
|
Join Date: Jun 2007
Posts: 5,689
|
|
Quote:
Originally Posted by clocksley
It's going for it like a rat out of a trap!
Is it going to stall???
|
Clocksley, here's my thoughts. Just an opinion...so take it for what it's worth.
If it trades into my green boxed area and closes a candle there, then I'd be a buyer since it would have less resistance and would be uptrending on that time frame once again.
Initial Bernanke speech comments are positive according to John Kicklighter's coverage of it on the dailyfx stream.
Existing home sales were better too..so both were bullish "risk" and caused the "risk adverse" to go into "risk seeking" mode.
__________________
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
|
08-21-2009, 09:34 AM
|
 |
Member
|
|
Join Date: Jul 2009
Posts: 213
|
|
|
good morning,
My 2c. I think it will test downtrend line from the top first before heading up (to 157.50?).
Last edited by FrAnton; 08-21-2009 at 09:44 AM..
|
08-21-2009, 09:57 AM
|
|
DailyFX Power Course Instructor
|
|
Join Date: Jun 2007
Posts: 5,689
|
|
|
The most bullish yen crosses at the moment.
Here are the most bullish "yen cross" charts at the moment.
See if they can close their 4 hour candles above the downward red line. If so, there could be more upside to come for these two "commodity crosses".
__________________
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
|
08-21-2009, 10:29 AM
|
|
Member
|
|
Join Date: Nov 2008
Posts: 1,524
|
|
|
SHORT @ 156.50 area with stop at 157.50 area
My limit is 155 but i will extend it to 154.00 later if i see potential.
im trading very few lots. i already made 300 pips thru Shorting and then the big suprise LONG i took at 154.80 thinking it will hardly go to 155.50 but it went till 156.50 lolz. i made 120 pips there.
so 420 pips already in pocket and 60 pips gain already in the present trade. lol not bad... not bad. he he he.
PS: one thing abt US and Euro markets is that they react too easily. the pair went up and market is also booming but then after sometime they realize "oh consumer is still not there" and then woah the market sells off and risk aversion increases. i think this is one of those days. monday we will see a good sell off. Unless and untill US Consumer does something and data shows it supporting, the recovery and bullish mood is just a hype only followed by Sell offs in days. thats what happened so far. so this shud also be the same.
Last edited by cool_fx; 08-21-2009 at 10:31 AM..
|
08-21-2009, 10:33 AM
|
|
DailyFX Power Course Instructor
|
|
Join Date: Jun 2007
Posts: 5,689
|
|
Quote:
Originally Posted by cool_fx
SHORT @ 156.50 area with stop at 157.50 area
My limit is 155 but i will extend it to 154.00 later if i see potential.
im trading very few lots. i already made 300 pips thru Shorting and then the big suprise LONG i took at 154.80 thinking it will hardly go to 155.50 but it went till 156.50 lolz. i made 120 pips there.
so 420 pips already in pocket and 60 pips gain already in the present trade. lol not bad... not bad. he he he.
PS: one thing abt US and Euro markets is that they react too easily. the pair went up and market is also booming but then after sometime they realize "oh consumer is still not there" and then woah the market sells off and risk aversion increases. i think this is one of those days. monday we will see a good sell off. Unless and untill US Consumer does something and data shows it supporting, the recovery and bullish mood is just a hype only followed by Sell offs in days. thats what happened so far. so this shud also be the same.
|
Cool FX, here's something to watch too. See what you think.
__________________
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
|
08-21-2009, 11:43 AM
|
|
Member
|
|
Join Date: Oct 2008
Posts: 511
|
|
Quote:
Originally Posted by Sean Hyman
Cool FX, here's something to watch too. See what you think.
|
hye sean..
what is ur opinion about this pair right now? it almost 40 minute for this pair moving in the same area,, are they waiting for something before it move?
anyway thanks.. |
08-21-2009, 12:00 PM
|
|
DailyFX Power Course Instructor
|
|
Join Date: Jun 2007
Posts: 5,689
|
|
Quote:
Originally Posted by wan0903
hye sean..
what is ur opinion about this pair right now? it almost 40 minute for this pair moving in the same area,, are they waiting for something before it move?
anyway thanks..
|
wan0903, It's typical for the volume and momentum to die off on Fridays around 12 noonish EST when the London traders go home for the weekend.
The U.S. "big traders" shortly follow and pack up for the weekend too.
Then they all come back in on their Monday.
So we've likely seen the bulk of the larger move for the day.
__________________
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
|
08-21-2009, 12:12 PM
|
|
Member
|
|
Join Date: Oct 2008
Posts: 511
|
|
Quote:
Originally Posted by Sean Hyman
wan0903, It's typical for the volume and momentum to die off on Fridays around 12 noonish EST when the London traders go home for the weekend.
The U.S. "big traders" shortly follow and pack up for the weekend too.
Then they all come back in on their Monday.
So we've likely seen the bulk of the larger move for the day.
|
thanks sean for the information.. im just left my yesterday short position at 156.70 for the coming week with tight stop at 157.20.. luckily i'm not in the trap at recent spike and save my 650 pips for today.. huhu..  .. anyway.. goodnite sean.. gonna to sleep.. see u next week.. |
|
|
| Thread Tools |
|
|
| Rate This Thread |
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
