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EURUSD 6E Euro
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EURUSD 6E Euro

  #851 (permalink)
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If anything, moments of "so called" crisis reflect even more truly the emotion of fear and greed, and of the 5 stages of human behaviours. The patterns on the chart are not random.


Just out of curiosity, what 5 stages of human behaviour?

I googled and found 5 stages of grief and then Jung's 5 stages of midlife and also 5 stages of tragedy in classical drama...

You can discover what your enemy fears most by observing the means he uses to frighten you.
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Kbit, PB - I guess I needed to mention that never take anything literally. PB, what you said fits better. There are too many instances when I have seen price retrace, hit and bounce off zones that had an uncanny co-incidence with "news".

Who is doing this, are news events tied to fractal zones? Is there something there? The only use I have for "news" events is that some amateur somewhere is going to get hurt and give his money to better prepared traders. That is the circle of trading.

As far as Greece is concerned, the only things I heard that were useful to me as trader came from Kyle Bass / Chanos and Hugh Hendry (and that was 2years ago and not today). The second thing I heard that was interesting was from that vampire squid man - Jim O'Neil at GMan - when he said that at GS they don't care about Greece, it is a 350B economy in a 20 trillion market (arguably why would anyone listen to anyone, including the GMan....especially the GMan, but would it pay more to consider views that are completely opposite yours...to gauge where holes and imbalances exist)

He may have slipped up in publicly saying what Gman was internally thinking (or it could have been a deliberate misdirection), but think about it, what is news, what is the perspective of news to the market. Where is the deception and surprise going to come from, why is the Euro today at 1.32 instead of 1.10 that everybody had predicted. I never forget trading is about surprise and deception, If waiting for that I miss a few small scalps it doesn't matter to me. Longevity matters.....I am concerend about the next flash crash, Greece etc...what no one ever considers, that is the stuff that no one is talking about right now.

Does that make sense?



Adamus - they are the same I think, the perspectives, wordings change based on the activity....euphoria, denial, anger, acceptance...no sure what else...or the order...the Kubler Ross model is one template

http://en.wikipedia.org/wiki/K%C3%BCbler-Ross_model


Last edited by Deucalion; January 27th, 2012 at 07:22 PM.
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  #853 (permalink)
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Euro Daily and Weekly Analysis


This is my weekly and daily reflection for Euro trading next week.

Market has been in a weekly one time-frame down move for sometime. This appears to have ended. Two sided trading around the 1.2600 area which was a key fib number if you watch fibs, resulted in market finding value for longer term traders whom were able to push prices above previous weeks highs.The prior weekly highs are now the upside targets for the bulls who are hoping for the shorts to provide the fuel so the expectation is for some days in the the Euro to go ballistic as longer term shorts cover their positions. This will be further contrasted by lack of real selling until market reaches a key resistance level.

Make a good trading week

Attached Thumbnails
EURUSD 6E Euro-euro_weekly.png   EURUSD 6E Euro-eu_daily.png  

Last edited by Trafford; January 29th, 2012 at 08:33 AM. Reason: Error
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  #854 (permalink)
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Trafford View Post
This is my weekly and daily reflection for Euro trading next week.

Market has been in a weekly one time-frame down move for sometime. This appears to have ended. Two sided trading around the 1.2600 area which was a key fib number if you watch fibs, resulted in market finding value for longer term traders whom were able to push prices above previous weeks highs.The prior weekly highs are now the upside targets for the bulls who are hoping for the shorts to provide the fuel so the expectation is for some days in the the Euro to go ballistic as longer term shorts cover their positions. This will be further contrasted by lack of real selling until market reaches a key resistance level.

Make a good trading week


Just as a note ....I'm seeing 1.3450 as the next real bump in the road on the topside though I do see that weekly candle with a top at 3380.

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  #855 (permalink)
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here is kinda what im seeing on the longer term:

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ive added some nice S/R lines to watch for..

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dont believe anything you hear and only half of what you see

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Last edited by madLyfe; January 29th, 2012 at 09:14 PM.
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  #856 (permalink)
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Euro

My Daily Reflections

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EURUSD 6E Euro-eu_31_jan.png  
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  #857 (permalink)
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The Euro is experiencing some short covering by the looks of everything. No real pull back as of yet and has been bouncing along a small bullish trend line. Last Friday, price went up to this past November's swing low and a low volume node which stopped price in it's tracks retraced Friday's move all the way to the low of 1.3078. Not sure if we're getting another breakdown at this point but if you're long, be careful.

Attached Thumbnails
EURUSD 6E Euro-6e-03-12-240-min-1_30_2012.jpg   EURUSD 6E Euro-6e-03-12-30-min-1_30_2012.jpg  
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Private Banker View Post
The Euro is experiencing some short covering by the looks of everything. No real pull back as of yet and has been bouncing along a small bullish trend line. Last Friday, price went up to this past November's swing low and a low volume node which stopped price in it's tracks retraced Friday's move all the way to the low of 1.3078. Not sure if we're getting another breakdown at this point but if you're long, be careful.

Hello PB,


In reference to your attached chart
I just started using Gomi Market profile today can you tell me what to look out for on MP per bar as far as poc,VAH,VAL lines as they start forming ie. in a set of bars say there going down how does this reference back to the MP behind this set of bars. Also is that a larger MP on the right of your screen? if so how does this play in?

Thx In Advance- this thing has drove me nuts today :sos:

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  #859 (permalink)
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Personally I've not been interested in shorting lately.

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1) Failure to make a new low immediately met with new buyers.
2) Stopped at trendline and prior double top, then immediately went through it (no real resistance).
3) Tiny retracement (zero really) shows strong support.
4) Test of prior resistance level met with new buyers again.

Now if I had added a (5) for where we are today, I would need to draw a new set of trendlines for the up channel since January 12th. But basically we are in a very strong up channel and I am not looking to short until that is no longer the case.

The 1.3230's is a wick back from 12/20 but I don't think that is all that important. I would look for a move either up to the 3500's or if we change to bearish, we have to first break below the 3100's.

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The three zones as I see them.

Basically 1 is 3350-3500. 2 is 3000-3150. And 3 is 2700-2800.

My general rule is if it is moving up, don't short it. Right now it moved up through the last resistance area. I will short it once it moves below it. A short today would require a stop above 3550-3600.

Just my opinion.

Generally speaking, when there are record shorts in the market, and we move higher, it means the bulls are stronger. Yes there is also a short squeeze, but if the shorts were in charge there wouldn't be a short squeeze. The fact that a squeeze has occurred over the last 2 weeks with record shorts in the market, well it simply means bulls are in charge.

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