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- mikkom replied Sep 5, 2008
I have a bad feeling about nfp. At the moment I think the best thing to do is short all possible indices.
EURUSD
- mikkom replied Sep 4, 2008
Does anyone have any idea why oil has been totally frozen for the last hour?
EURUSD
- mikkom replied Sep 4, 2008
We have a lower low. Only few pips from yesterday but there are so much stops below this level that if the price goes down, it will go down fast.
EURUSD
- mikkom replied Sep 4, 2008
About fundamentals, do you really think that US is in better shape than EU? I totally disagree with that. If todays low goes below yesterdays low I gladly admit that the bear market continues and go back short, until then I only take long positions.
EURUSD
- mikkom replied Sep 4, 2008
I had to check this to be sure, in weekly it sure looks like this week is exactly on the ltl (see pic) Sure the trendline can be drawn million ways but it's very close anyway and trendlines are never totally exact on the longer timeframes anyway. ...
EURUSD
- mikkom replied Sep 4, 2008
If the price forms higher low now, it's going to form a huge inverse h&s.
EURUSD
- mikkom replied Sep 4, 2008
More food for though, look at 4440 level and where it's compared to lows of the long consolidation of 07-08 this is a very good chart that someone posted today url
EURUSD
- mikkom replied Sep 4, 2008
Because of the two things I posted on the last post. Daily pin bar + h&s bounce up on long term support. Also the upper trendline was broken. I'm more technical than fundamental trader but I'm aware of fundies too. Usually the news result in good ...
EURUSD
- mikkom replied Sep 4, 2008
.. What did I say about german factory orders. It's strange how negative numbers always turn positive in analyst minds. Too many important announcements today, I won't open position before they are announced.
EURUSD
- mikkom replied Sep 4, 2008
I think today will be up, there is a pin bar at daily and head and shoulders / pin below the last autumn consolidation support. HOWEVER there is german factory orders coming out and always when the last number has been minus and somehow forecast is ...
EURUSD
- mikkom replied Sep 3, 2008
I just noticed that todays bar might be a pin bar.. If this happens I'm closing my short and taking a test long position. Many hours still left, we'll see. Please don't bring bruce back to this thread. He posts so much copypasta and turns this whole ...
EURUSD
- mikkom replied Sep 3, 2008
It's the long term support line at 4440. For me this looks that big players are trying to decide if that should be the bottom with order sizes that really move the market at the moment.
EURUSD
- mikkom replied Sep 3, 2008
Eh I edited the reply to be more clear so it looks totally different now.. I always post too fast and then notice that I was unclear and edit the post.. No I don't use that info at all except to estimate the current volatility. I don't scalp..
EURUSD
- mikkom replied Sep 3, 2008
About the bid/ask sizes/positions - I don't think those values tell much, just a bit about volatility. As I said, I think this is a bear market until there is some real evidence like couple of updays and price not going back to 1.4440. I think it's ...
EURUSD
- mikkom replied Sep 3, 2008
Very interesting to see market depth right now, lots of ~100 million orders bouncing around.
EURUSD
- mikkom replied Sep 3, 2008
Not on that one. I'm only shorting until I see some confirmation that trend has changed and I don't see any yet, this is still a bear market even if it hunts some pips on the way. All I see at the moment is volatility because of a very important ...
EURUSD
- mikkom replied Sep 3, 2008
This is what I see at the moment. Everything points down except the fact that price bounced up from 4440 once. We'll see. edit: crazy volatility but that was quite expected at this level
EURUSD
- mikkom replied Sep 3, 2008
1.4440 is a loooong time support line from the long consolidation at oct 2007 - feb 2008 so be careful with those levels. It's quite important to go back chart to see where the two other supports from that period are. If price goes up, it will be at ...
EURUSD