These guys have multiple books each, so I'm not sure which your referring to. As for the patterns I was referring to, it's all about price action at certain levels. ( Major and minor S/R ) As such, there is an awful lot of information right here at ET pertaining to this type of price action. Check dbphoenix journal threads, they are very educational. ( And there are many more threads on the subject)
Last time, I windsurfed was three years ago in Club Med Sonora Bay in Mexico. Also, I was trying kitesurfing for the first time there--I sucked big time mostly because I was partying like there's no tomorrow there. There's great windsurfing in the greater Portland area at the Columbia Gorge here but it's too advanced for me. By the way, are there any Club Med fans here? Chinook
We had nice little spikes on both side of the market. I almost got shaken out . Now we can move up... Chinook
Ditto with the long - price is chopping around now in very jittery fashion - although should favour upside - back to retest 23 Good Luck to Us
This thing is like chicken without a head. I also feel like 1.23 will be tested. If we get over 1.2260, it should be less bumpy ride. Chinook
Yeah - drunken, headless chicken - stuck in a mini triangle and bouncing up and down - I'm just scared it might dip to 22 first where it should find good support.
I have wide stops in this case. If we go down to 1.22, I'm toasted! Also, the correlation between EURUSD and GBPUSD has been weird. Chinnok
Yup this morning (GMT+2) - GBP was kicking some USD butt and EUR was getting its ass kicked... bit strange - although a "data-less" day so no real driver besides what I thought should be a gentle push up for EUR.
Some reports, and maybe the european close will help some ... [14:26 GMT 13th Sept] [EUR/USD] looks to have found a new pivot point, 1.2250 and with both economies involved seeing key data tomorrow the recent 1.2225-1.2285 range should hold into the European close. As trading struggles to correct oversold conditions, price actions have fallen below the 1.2250 mark having tested 1.2230 in Asian trading. With intraday actions looking to move back into positive territory the intraday bear bias will need to reassert itself if the bids at 1.2225 are to come under further pressure. Fresh sellers are likely to find the path towards 1.2200 hard going unless momentum swings the other-way as good size buyers are seen on any dips to around 1.2205 with stops now seen below 1.2200. Offers in [EUR/USD] are seen at 1.2245 backing up to 1.2285. In the bigger picture with the ZEW index for September looking flat the pressure lies with US numbers in the form of Current account data for the second quarter and Retail sales for August. If a good sale period has been seen and the previous figure of +0.7% can be consolidated with another positive number is released then the 1.2200 is likely to go with 1.2160 a viable target. [14:37 EUR/USD: Consultant"s Report Helps provide Lift] Boston, September 13: Dealers note talk of a report from one of the consulting firms that works closely with hedge funds saying that China is diversifying FX reserves into EUR. This is not exactly an earth-shattering revelation as it has been doing so for the better part of five years, but it did help give the EUR a bid from the 1.2225/30 area to 1.12250. [14:35 GBP/USD: Tests Support at 1.7960/65 - UK CPI Tomorrow] London, September 13: Cable has fallen and tested support at 1.7960/65 (Asian session base), after paring gains to an earlier session high of 1.8012. A break of 1.7960 opens up additional downside risk towards the 1.7933 intra-day low plumbed in early European trade on the back of the WPP/Grey Global M&A deal. Looking ahead to tomorrow (Tuesday), UK August CPI will be unveiled at 08:30GMT, and is expected at an annualized 1.4%, unchanged from July. This week"s other UK event risks include a slated speech from MPC member Stephen Nickell at Bloomberg at midday BST tomorrow; Wednesday"s August unemployment data, plus a speech from MPC member Marian Bell; and Thursday"s August retail sales figures. [13:21 EUR/USD: Bids Creep In Toward 1.2225] Boston, September 13: EUR/USD has found a few buyers on dips this morning on the assumption that Fed hikes, while still in the pipeline, may not come at the steady pace the market anticipated just a week ago. Odds of a November hike are not much better than a coin flip now, a drag on the dollar. Weak longs have been flushed out in EUR/USD so far this morning, leaving an open playing field for choppy range trade. Good buyers are seen on dips to 1.2205/10. Stops lurk below 1.2200. Offers in EUR/USD are seen at 1.2255 and 1.2285.