FOREX PRO Weekly July 09-13, 2012
- Thread starter Sive Morten
- Start date
Triantus Shango
Sergeant Major
- Messages
- 1,371
guys, today is a clusterf%ck! forget the e/u and trade the e/j. even though no trending moves, still made more than would have been possible with e/u. but way too dangerous today.
what the hell is taking so long for the retrace to kick in? maybe later in NY it'll start moving up. anyway, i had it for one day. off to watch star wars episode 2 and then sleep.
good luck!
what the hell is taking so long for the retrace to kick in? maybe later in NY it'll start moving up. anyway, i had it for one day. off to watch star wars episode 2 and then sleep.
good luck!
D.R.&Quinch
Sergeant
- Messages
- 661
do you mean the empire strikes back?
i made loads short of eur today.
must start looking at e/j - whats context triango?
i made loads short of eur today.
must start looking at e/j - whats context triango?
D.R.&Quinch
Sergeant
- Messages
- 661
my h4 chart just closed below 3x3dma, so now looking for a close above i think
D.R.&Quinch
Sergeant
- Messages
- 661
anyone know why site was inaccessible earlier on todau?
Triantus Shango
Sergeant Major
- Messages
- 1,371
no, episode 2.
context? i scan all TFs until i find one that has a potential trade in line with the patterns on a longer TF. and if not, sell/buy against the 100 or 200 MA, and if there is a range between both these MAs that's wide enough, then play that range only if market is not trending, that is.
context? i scan all TFs until i find one that has a potential trade in line with the patterns on a longer TF. and if not, sell/buy against the 100 or 200 MA, and if there is a range between both these MAs that's wide enough, then play that range only if market is not trending, that is.
Triantus Shango
Sergeant Major
- Messages
- 1,371
Triantus Shango
Sergeant Major
- Messages
- 1,371
now, i got distracted by this site: http://www.multicharts.com
so before i sign off and start watching that bloody movie ;-), here is some charting software i'm gonna test in the next few days cuz i really had enough of this MT4 piece of garbage: Forex Trading Platform. Forex Charts. Forex Trading Systems.
so before i sign off and start watching that bloody movie ;-), here is some charting software i'm gonna test in the next few days cuz i really had enough of this MT4 piece of garbage: Forex Trading Platform. Forex Charts. Forex Trading Systems.
Triantus Shango
Sergeant Major
- Messages
- 1,371
damn it! i forgot one more thing. important article in the Financial Times:
now, if my understanding is correct, the SNB is accumulating billons of euros that it sells on a regular basis (the article confirms this)... now i am just wondering, if the selling should intensify for whatever reason, then obviously that's another important clue that any upside in e/u should be severely limited.
as to the e/chf peg, i was hoping it might break, but according to that UBS guy, it looks like the SNB is quite capable of keeping it going for months if not years. am just mentioning this because it could be a strategy to go limit short e/chf. if there is a speculative attack against the peg, then > 50 billions in sell stops could be triggered. you can imagine the size of such a move if it ever happens: huge! unfortunately it's a one-off and it could be a long time in coming. nonetheless...
Why the SNB will keep its grip on the franc
quote: '
P.S.: crap!! i just tested the link above and now the page is not public anymore. to read it, you'll have to register. think it's free though.
now, if my understanding is correct, the SNB is accumulating billons of euros that it sells on a regular basis (the article confirms this)... now i am just wondering, if the selling should intensify for whatever reason, then obviously that's another important clue that any upside in e/u should be severely limited.
as to the e/chf peg, i was hoping it might break, but according to that UBS guy, it looks like the SNB is quite capable of keeping it going for months if not years. am just mentioning this because it could be a strategy to go limit short e/chf. if there is a speculative attack against the peg, then > 50 billions in sell stops could be triggered. you can imagine the size of such a move if it ever happens: huge! unfortunately it's a one-off and it could be a long time in coming. nonetheless...
Why the SNB will keep its grip on the franc
quote: '
Moreover, while the SNB is accumulating billions of euros it is also acting to limit its exposure to the eurozone crisis. The central bank actively diversifies its euro reserves into other foreign currencies including the dollar and the pound. '
Source:
Why the SNB will keep its grip on the franc - FT.comSource:
P.S.: crap!! i just tested the link above and now the page is not public anymore. to read it, you'll have to register. think it's free though.
