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Search: Posts Made By: Private Banker
Forum: Currencies February 14th, 2012, 03:35 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
I can definitely see a test of the 1.3027 area...

I can definitely see a test of the 1.3027 area again now that we've failed on the move higher (we're pretty much there). 1.2975 would be a half way back area but the big picture is still a downward...
Forum: Currencies February 6th, 2012, 03:56 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
6E still appears to be at an indecisive holding...

6E still appears to be at an indecisive holding area and has remained in the same range for at least 4 days. Today's low stopped right at Feb 1st's low which held the market two times today. The 2nd...
Forum: Currencies January 31st, 2012, 09:19 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
Yes, I drew it. I just couldn't resist! Lol!

Yes, I drew it. I just couldn't resist! Lol!
Forum: Currencies January 31st, 2012, 09:09 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
Euro broke below the supporting bullish trend...

Euro broke below the supporting bullish trend line today with a big rejection of the high's earlier in the day. Additionally, we finally broke below the temporary support of 1.3078 that held the...
Forum: Currencies January 30th, 2012, 11:35 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
Well, Market Profile isn't something that can be...

Well, Market Profile isn't something that can be easily summarized and I would recommend taking the time to learn more about it before actually trying to incorporate these concepts into your trading....
Forum: Currencies January 30th, 2012, 09:14 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
The Euro is experiencing some short covering by...

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...
Forum: Currencies January 27th, 2012, 05:41 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
I think it would be better said "no one fools the...

I think it would be better said "no one fools the market for long" Case in point, the Fed's goosing of the equity markets. Once the LSAP was over, equities started to realize they were walking on...
Forum: Currencies January 4th, 2012, 02:30 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
At the end of the day, no one can accurately...

At the end of the day, no one can accurately predict where price will go on a consistent basis. It's best to look at the possibilities and react as they're developing.
Forum: Currencies January 3rd, 2012, 09:57 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
I see having a lot of upside resistance given the...

I see having a lot of upside resistance given the areas of support being broken down although it did bounce off of last January's swing low. There will probably be many attempts to support it down...
Forum: Currencies December 20th, 2011, 07:39 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
Well, the market ran up to a low volume area and...

Well, the market ran up to a low volume area and lost momentum. That low volume area also happened to be October's swing low so upside resistance was pretty clear. I also observed a lot of selling at...
Forum: Currencies December 20th, 2011, 06:57 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
OK, cool. The last thing we need is to argue over...

OK, cool. The last thing we need is to argue over something like that, lol! Whatever works best for each trader is great. There's no best of all method out there. It comes down to the individual...
Forum: Currencies December 20th, 2011, 06:18 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
This is funny... Are you even reading what I...

This is funny... Are you even reading what I write here? Yes, the last few days were range bound as clearly evident on the chart shown previously. With that context being observed, I traded those...
Forum: Currencies December 20th, 2011, 04:47 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
I look at larger time frames for overall market...

I look at larger time frames for overall market structure and boil that down into my intra-day trade set up which is from a smaller time frame. The bigger picture tells a clearer story obviously. By...
Forum: Currencies December 20th, 2011, 12:50 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
6E finally loosened up here today with a nice...

6E finally loosened up here today with a nice wedge break out that took price up to the 3142 high. Market clearly rejected price at these levels which was a low volume area and October's swing low....
Forum: Currencies December 19th, 2011, 05:34 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
This is off topic but since he's trading the...

This is off topic but since he's trading the Euro, I'll add my two cents here. I hate to be critical of someone else's trading method really but I think fibonacci trading as a reason for entering a...
Forum: Currencies December 17th, 2011, 05:42 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
It's really not as complicated as it looks. The...

It's really not as complicated as it looks. The idea is to essentially look for volume churn. It does take a while to get use to but it's an excellent tool to have in your arsenal although I do...
Forum: Currencies December 17th, 2011, 02:38 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
Here's another good example. Volume at one side...

Here's another good example. Volume at one side of the candle shows either buying or selling churn with a trend change. This of course is no new discovery by any means but just a helpful insight and...
Forum: Currencies December 17th, 2011, 02:18 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
Not sure really. It's possible but I'm most...

Not sure really. It's possible but I'm most interested in knowing of high and low volume areas (price levels). This is best seen on a volume composite profile where you can clearly see areas of...
Forum: Currencies December 16th, 2011, 02:38 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
What is your experience with using them?

What is your experience with using them?
Forum: Currencies December 14th, 2011, 10:44 AM
Replies: 2,612
Views: 924,793
Posted By Private Banker
No ignorance by asking questions. Low Volume...

No ignorance by asking questions. Low Volume Nodes (LVN's) are areas where price moved out of very quickly in a break out or break down in trend. Usually very little trades took place in this area...
Forum: Currencies December 13th, 2011, 06:36 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
What a nice selloff today. Market pushed right...

What a nice selloff today. Market pushed right through October's swing low with no hesitation and hit a clear low volume area (weekly chart) like a magnet. Beautiful stuff. I wouldn't be surprised to...
Forum: Currencies December 10th, 2011, 12:52 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
Euro seems to be bouncing around within a bearish...

Euro seems to be bouncing around within a bearish channel this past week. Quite the whipsaw ride but great for intra-day directional trades. It seems that TPTB are trying to orchestrate a rumor every...
Forum: Currencies November 30th, 2011, 01:57 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
The global central bank intervention that took...

The global central bank intervention that took place today really just confirms how bad things are becoming with regards to access to liquidity. F/X swap lines were heavily used in '08 and really...
Forum: Currencies November 18th, 2011, 12:05 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
Seems like price is having a hard time getting...

Seems like price is having a hard time getting past the 1.3440 area which is a high volume ledge. But if and when it does, a re-test of Oct.'s low seems like an obvious target. Market made it half...
Forum: Currencies October 31st, 2011, 03:05 PM
Replies: 2,612
Views: 924,793
Posted By Private Banker
Nice sell off today from Friday's painful slow...

Nice sell off today from Friday's painful slow day. This last run up looks like a blow off that took price to the 61.8 level from the high of 4925 which was also a high volume area.

Going...
Showing results 1 to 25 of 30

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