milliard

Shoo, shoo off there & take your smelly demand buddies with you. There's no scraps here for your kind. Be away with you, until these well fed London bears close their doors for the week!

Well called & played my good man! Yes indeedy, you & those demand/support grunts inside this feeding range have yourselves a cute little pre-numbers party. 0460-0500 now pays the piper & begins to spook the shorts again! It remains neutral-bearish however until that upper level folds. Holding the short-term longs gives you nothing but neutral risk into the numbers/wend. Swap your longs for Anna's shorts?? Go on, you know you want to really

You’re a goddamned disgrace sir. :doh: You’ll be telling me you (front ran) longed that momentum/confirmation? candle down there at the 0360 shunt next :o If you did, mind the gap – those hairy assed pound bears haven’t done feeding yet!...or maybe it's a double bluff & you actually got yourself a decent leg in for a change? :haha: Bring on the TIC(s) as quick as you like, lets spill a little more blood & then kick the weekend into action!

That maybe so Mr Krantz, I guess all will be revealed in the fullnessss of time. What interests me more however, is how comes you got promoted so swiftly to the rank of premium trader with a trading I.Q of only 5% & a measly contribution of a dozen posts :\ You in the pocket of the site admin per chance? Pulling your usual underhand tactics?

Could you maybe expand a little on the above comments at all? especially the 1st & 3rd paragraphs above. I'd be interested in hearing your views on who or what determines these value levels & which of the various market participants consider them to be accurate. Interesting points though! I agree, conditions effect the behaviour of price at specific area’s or zones. And there are smart operators working their edge at varying levels up & down the price grid. So, I guess value & conditions mean different things to different participants. For instance, as an aggressive spec I’m certainly interested at these round number levels down here at this previous accumulation zone. But only because of the heightened (prev) activity it attracted & the fact it harbours decent each-way traffic. That alone ensures I can work my patch efficiently as long as that (psychological) activity remains heightened. My buddies trading further out have no interest whatsoever in relinquishing their shorts until this lower top behaviour signals it’s done & dusted. First signs of that would be a willingness to hold & base off one of these lower steps down here, with 2.05 maybe showing initial signs. I guess we all nurture our own views & interpretations of what constitutes value & reasonable risk, otherwise it would be a very boring marketplace.

Ah, I see. Well, that puts a bit more meat on the bones. It now offers a bit more substance to the initial post. Good luck & good trading.

Not sure of your time zone on that potential trade, but wouldn't that upside s&r flip at 2.05 need to be negotiated & tested first to check any supply lurking atop that level? There's a recent well traded channel under here from October that looks like it's tempting price back inside. Could be a bit of a banana skin for pre-emptive longs around here.

Good points Walter. Especially in relation to the range breaks. A popular strategy amongst many trading the European majors (Euro/Swiss/Cable) is to play breaks of the prev days range, if relatively tight, or maybe a session range such as the overnight Tokyo high-low. Waiting for the pullback of the initial break is often the more rewarding play. These instruments are prone to whip & the showing of false hands. Catching eager & enthusiastic newbies playing initial range break strats (without waiting for confirmation) is a very profitable ploy indeed, given the fact most retailers run with tight stops & even tighter capital outlay.

steveshutts: Unless you're observing the Futures contract, I wouldn't waste your time if I were you. Volume info is at best spurious & most certainly unreliable, no matter what's bandied about from the tick volume crowd.

Yeah, looking at too many pictures can often send the head spinning huh. Long as you get your bearings in accordance with your trade objectives. Folks have a tendancy to pour cold water over these types of strategies, but if they're executed with sensible aims & expectations they're as good as any other method for returning decent percentages. Good hunting!

That's sort of what I was talking bout regards general flow Don. I guess if you want to utilize trendlines then that's cool as long as you're plotting them to the correct side of the line. I'm not so sure you got that specific example correct on post 50 though? I guess by the arrow annotation you were indicating a short on the Cable there? The dominant flow on that pair is to the (continued) upside, so I'd guess the least line of resistance (stress) is to wait till your fast Hulls & RSX or whatever turn to a long signal? Like I said, if you trigger every signal which winks at you using this kind of set-up you'll twist yourself into tight knots pretty darned fast. But I guess constant evaluation of your research will flag up that kind of danger.

Although there's nothing fundamentally wrong with utilizing crossover methods, you'll reduce stress along with losses by observing your near term trend bias Don. Try catching a peek at your 240 or 60 minute directional flow & try clipping your fast frame entries in the general direction of those slightly higher priceframe leaders. You still won't get the green flag on all your trades, but you'll surely cut out a few unecessary & suicidal entries. Just a suggestion

K.I.S.S Don. If a bunch of excitable Japanese housewives & School cleaners can mop up with their straightforward strategies, then there's hope for all retailers Bloomberg.com: Currencies

Yeah. I sure wasn't aware your post included any defamatory remarks etc. Hmmm, very mysterious. So, who pulled the post & why??

Is it me, or has one of cooters insertions gone awol between posts 6&7 someplace?? Moderators? James?

You must be reading a completely different post to me then, coz I thought she was being pretty straightforward & tame! The guy ought to be looking at exactly the points mentioned at the beginning of her post (at a bare minimum) & totally disregarding the pap which circulates in the vast majority of so called 'trading' manuals & periodicals. If you got a problem or a sticking point, then seek out someone who tells it like it is & is prepared to ask some god awkward questions. That's of course if you're trading for real bucks as opposed to pissing around for pin money. It'll save a whole chunk of time & misery!

If you think that's unduly harsh, I'd hate to see how you react after being called into the head honcho's office (of a typical Bank desk op) after fouling up a couple times

Considering the importance of the level, the weight up there will be significant Cary. I wouldn't worry too much bout them to be honest. Play your own game & be aware of the levels etc. Let those defending them stress themselves out as price gets bounced around the outer strike regions. There's always someone defending one or other of these Big Figure zones, after a while it gets awful boring. Keep on pumping the pullbacks till she rolls over & stings ya

Charts are showing up fine on my screen Cary. Nice (self) analysis there on the Cable positioning. Hope you can turn a cent or two out of it. Andre.

It's mostly going to be a psychological battle on the first couple attempts to scale & hold this important hill. The pivot followers are eyeing recent range (month R1) penetration @ 1.9875 & the stall up here @ R2. 2.0072-75 is a dual monthly/weekly R2 on the map & price has tickboxed these larger range pivots pretty well since 1.7600. The b/o range top (to bottom support) looks a likely magnet on aggressive & nervous retracement activity if protective Cable Bull pullback activity fails to prop it. I guess we'll soon see how spooked the fast money players really are should the buck sniff a little blood.

Fundamentals are still strong on the British currency, with desks now pricing in a May (& possible 3rd Q) hike. The pullbacks will be eyed very carefully indeed & now the big psycho level has broken, I wouldn't be surprised to see activity touted to 2.04/05 before any real headwind.

There's the closing opp on this leg of the Geppy carry torero, up at the 138 extension & monthly R1. The 38.2 to 138.2 leg closure offers the chance to move up stops from the carry re-engagement farther back (off c222-23) & wait out this weekends G7 muppet show. See if we get ourselves a half decent pullback to load up again.

Which scenario torero? The Cable situation or that Geppy chart you posted up? I'm babysitting a couple of his positions atm, Geppy being one - & they're certainly not looking at shorting or (paring) covering at current levels v/s Yen particularly. That's if you were maybe intimating that 78.6 was a prospective short candidate there? But then I guess it depends on your timeframe angle? We don't daytrade these instruments, so I guess that might influence events.

What's the significance of that exact number as your initial paring marker torero? I see the late 06 (c9838) & early 07 (c9830) high guides, but don't got a 9843 fulcrum on that pairing? Do you fella's tend to run your lines out to exact markers like that, come what may - or use them as zones of interest. Just curious as to what would prompt you to hold a trade which rebounds maybe 20-30 clicks shy of one of your profit markers.

Fair play. Buddy of yours JimmyMac (McErney) from "the other place" say's Hi He thought you'd gotten yourself kidnapped or somethin?! I guess he's been lonesome over there LOL That'll teach him to hang out in darkened dingey back alley flop houses!