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  • #1,121,761
  • Jul 6, 2017 1:07pm Jul 6, 2017 1:07pm
Quoting hilmy83
{quote} your phone's about to die damn it!

Why? kkkkkkkkk

Quoting Takisd
{quote} Your stochastic suggests you should not enter the market. Beware the buy rumor/sell fact opportunity in the market right now.
will wait to Long TMR, still waiting for long.

i think it may go back to 1.137x - 1.138x like Angelina has said.

So I still holding some short.

Gonna close it before going long.
  • #1,121,762
  • Jul 6, 2017 1:07pm Jul 6, 2017 1:07pm
Maybe a short point at 1.14247... or now if you are feeling bold. But I'm long term long, so I'm holding. Would be definitely "counter-trend."

Think it would not pull back to below 1.13600.
  • #1,121,763
  • Jul 6, 2017 1:12pm Jul 6, 2017 1:12pm
Institutional fund flow report signaling a sell which is laughable. Weekly resistance is clearly there but long term fundamentals and impact of the fed's recent policy decisions will be clear in it's follow through. Expect Euro to break above this 1.14-1.15 handle and test levels back in the 1.20's by EOY.
  • #1,121,764
  • Jul 6, 2017 1:12pm Jul 6, 2017 1:12pm
Quoting Ken A
Can you guys spot broker (the never heard of bucket shop) promotion in disguise posting as regular member here? It's a piece of cake to spot.
No
  • #1,121,765
  • Jul 6, 2017 1:14pm Jul 6, 2017 1:14pm
Quoting Ken A
Can you guys spot broker (the never heard of bucket shop) promotion in disguise posting as regular member here? It's a piece of cake to spot.
if you gonna make that kind of post, stop being cryptic and fucking tell us...
  • #1,121,766
  • Jul 6, 2017 1:15pm Jul 6, 2017 1:15pm
I just took all but two of my 0.05 lot positions off. I'm keeping 2 because I'll reload on the NEWS tomorrow most likely.

the 4 HR is looking like a DOJI and this is just my small daytrading account... I can hold the whole signal period in my other long term one. Won't go short though until long term signal changes for sure.
  • #1,121,767
  • Jul 6, 2017 1:16pm Jul 6, 2017 1:16pm
Quoting Kyen
Institutional fund flow report signaling a sell which is laughable. Weekly resistance is clearly there but long term fundamentals and impact of the fed's recent policy decisions will be clear in it's follow through. Expect Euro to break above this 1.14-1.15 handle and test levels back in the 1.20's by EOY.
And what are those 'long term fundamentals' if you don't mind...?
  • #1,121,768
  • Jul 6, 2017 1:16pm Jul 6, 2017 1:16pm
Quoting kittikann.s
From the MN chart i see 1.16xx Maybe im wrong. Just my opinion. Then big drop after 1.16. I think it may not go up to 1.17xx {image}
Its only gessing.

First they say that it will hit parity.

Now they say it will go 1.15 and beyond.

Ans some say trading is as simple as ABCD.
  • #1,121,769
  • Jul 6, 2017 1:20pm Jul 6, 2017 1:20pm
Quoting 3Davy
{quote} Its only gessing. First they say that it will hit parity. Now they say it will go 1.15 and beyond. Ans some say trading is as simple as ABCD.
First key is always to stop listening to "them" and originate your own thought/models. In my opinion.

This is actually a life lesson here also. See, FX can teach you so much about life also! =D
  • #1,121,770
  • Jul 6, 2017 1:21pm Jul 6, 2017 1:21pm
Quoting 3Davy
{quote} Its only gessing. First they say that it will hit parity. Now they say it will go 1.15 and beyond. Ans some say trading is as simple as ABCD.
It's not that simple kkkkkkkk

I wish it would be simple but NOOOO!!!! never be that simple to me.

ToT
  • #1,121,771
  • Jul 6, 2017 1:24pm Jul 6, 2017 1:24pm
Quoting effix02
{quote} And what are those 'long term fundamentals' if you don't mind...?
Let's try to simplify this without writing an essay.

Start of financial crisis, US cut 50 bps and started QE(printing money). This forced all the major economies to follow suit (UK, Euro, Japan -> -> -> Australia).
This caused stimulus beyond what most over fitted models could even predict driving USD strength against all majors.

Imagine a wave where we've gone from crest to trough. As rate hikes continue and additional QE reductions, the inverse will happen over a "long term" period. The reason why I put long term in quotes is because the reversal will happen with faster acceleration as we head into next year when other countries will start to follow suit.
Sometimes the high level fundamentals aren't so hard to rationalize, people just have a tendency of assessing a bulk of irrelevant data and finding correlations within data sets that do not exist which is okay for machine based learning algorithms but not for the average IQ trader.
  • #1,121,772
  • Jul 6, 2017 1:31pm Jul 6, 2017 1:31pm
Quoting NotAtrader
{quote} Anyways too strong EUR is not good in the long run either. However it gives temporarily advantage to Spain, Italy, Portugal and maybe France during the summer holidays. Those countries will collect a lot foreign valuta during the summer. After that the EUR will fall like a stone, so they can buy it back at much lower rate. I still expect 1.09xx at the end of the summer. Cheers
Its not as near as strong as it used to be. 1.14-15-16 price is acceptable range for last 2 years. As soon as data start slipping Dragi will take it down. Nothing changed. If you look at their comments about economy expansion " everything goes as planned " they say. Trump wanted dollar down since day 3 of his presidency. That's all reflection of it. Hedge fund managers feel comfortable to take Euro up . Small dips from level to level is nothing more than profit withdrawing.
  • #1,121,773
  • Jul 6, 2017 1:32pm Jul 6, 2017 1:32pm
Enough heat left to see a probable 1.1550,
m a y b e 1.16xx,
then down the slippery slope to 1.0920 ish via 1.1248...
  • #1,121,774
  • Jul 6, 2017 1:33pm Jul 6, 2017 1:33pm
Quoting Kyen
{quote} Let's try to simplify this without writing an essay. Start of financial crisis, US cut 50 bps and started QE(printing money). This forced all the major economies to follow suit (UK, Euro, Japan -> -> -> Australia). This caused stimulus beyond what most over fitted models could even predict driving USD strength against all majors. Imagine a wave where we've gone from crest to trough. As rate hikes continue and additional QE reductions, the inverse will happen over a "long term" period. The reason why I put long term in quotes is because the...
Good view! Like it!
  • #1,121,775
  • Jul 6, 2017 1:34pm Jul 6, 2017 1:34pm
Quoting Kyen
{quote} Let's try to simplify this without writing an essay. Start of financial crisis, US cut 50 bps and started QE(printing money). This forced all the major economies to follow suit (UK, Euro, Japan -> -> -> Australia). This caused stimulus beyond what most over fitted models could even predict driving USD strength against all majors. Imagine a wave where we've gone from crest to trough. As rate hikes continue and additional QE reductions, the inverse will happen over a "long term" period. The reason why I put long term in quotes is because the...
That's roughly what I thought you may have on your mind. My point is that doesn't necessarily mean Euro going through the roof. ECB is going to tighten so Fed is already doing the same. European economy is in a much more precarious state than it's being exuberantly presented these days and the only reason it got any boost over the last 2 years at all was exactly QE stimulus. I don't think any actual tapering when it finally comes to pass will be anything to be salivating about. Very gradual and in small steps (if not entirely reversed when the economy chokes off).
  • #1,121,776
  • Jul 6, 2017 1:42pm Jul 6, 2017 1:42pm
Quoting denisius
{quote} Its not as near as strong as it used to be. 1.14-15-16 price is acceptable range for last 2 years. As soon as data start slipping Dragi will take it down. Nothing changed. If you look at their comments about economy expansion " everything goes as planned " they say. Trump wanted dollar down since day 3 of his presidency. That's all reflection of it. Hedge fund managers feel comfortable to take Euro up . Small dips from level to level is nothing more than profit withdrawing.
I don't think Draghi is taking anything down anymore. He's effectively lost any power of influence now. They've let the cat out of the bag and now everyone and his grandmother is shouting 'tapering'. What they say contrary to what they signal is just laughable and as we can see nobody believes them anymore pumping euro up. Cannot see any way Draghi can in those circumstances 'take it down'. If the economy chokes off and they come back to the stimulus then they'll just make a mockery of themselves loosing any credibility left. Btw, the only reason they engage in this 'taper talk' now is because they're running out of bonds to buy, not because they believe the economy is that strong and can stand on its own feet.
  • #1,121,777
  • Jul 6, 2017 1:48pm Jul 6, 2017 1:48pm
DOW . . . . they want to hit mySL again..... Move them much lower... they won' t find them...
  • #1,121,778
  • Jul 6, 2017 1:51pm Jul 6, 2017 1:51pm
Quoting effix02
{quote} I don't think Draghi is taking anything down anymore. He's effectively lost any power of influence now. They've let the cat out of the bag and now everyone and his grandmother is shouting 'tapering'. What they say contrary to what they signal is just laughable and as we can see nobody believes them anymore pumping euro up. Cannot see any way Draghi can in those circumstances 'take it down'. If the economy chokes off and they come back to the stimulus then they'll just make a mockery of themselves loosing any credibility left. Btw, the only...
You will see. Dragi was major market manipulator for years. Still is.
  • #1,121,779
  • Jul 6, 2017 1:52pm Jul 6, 2017 1:52pm
whats up traders!

been seeing a lot of people saying it will go up to this and that. people make sure when you read anything here, you go back and analyze by yourself and see what price will do. Everybody make sure you learn price action, and dont rely on elliot wave or ichimoku or a lot of indicators. trust me youŽll see how the price moves and understand where it wil go next. last but not least make sure you always look at the bigger picture. take a look at the monthly chart and weekly. i personally can say that price will drop either tomorrow or next week.

much love Fam
  • #1,121,780
  • Jul 6, 2017 1:59pm Jul 6, 2017 1:59pm
i believe another 50 pips to go still minimum
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