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  • #1,125,561
  • Jul 31, 2017 10:21am Jul 31, 2017 10:21am
Quoting effix02
{quote} It doesn't help mate that you didn't even know what you were saying...You didn't say it was going to 1.18xx but to 1.20xx and yes, I'm still laughing at it. Btw, even 1.18xx hasn't been hit yet as a matter of fact.
Haha... if you are in a SHORT position now, I'd not joke about it going to 1.20xx because... it really seems like it could get there given all the crap that is happening. Haha!

I'd give this up cycle 7 trading days max, but at this point who knows... right?
  • #1,125,562
  • Jul 31, 2017 10:22am Jul 31, 2017 10:22am
I think there are lot's of stops above 1.2, and it's possible to break above 1.2,
the manipulators do not give up! nfp is very likely to be worse than forecast.
after 1.2 ecb may do something.
I really wonder if they manipulate cpi number too with this rate it has improved!
  • #1,125,563
  • Jul 31, 2017 10:23am Jul 31, 2017 10:23am
Quoting Ratmach
{quote} Hey, I'll admit something here: I have a couple shorts open that I am going to KEEP open till this drops a lot... if/when it does. And my REASON for that? Basically because I think it's totally ridiculous that we're at the (high) levels we are... just up and up and up. Makes NO sense to me, and so yeah I'm basically sticking up my finger at "the market" and saying HERE, watch this! I know, that's akin to "revenge trading" or something, but whatever... At least I'll admit it.
Heheh I am taking the exact same position, sticking the middle finger at Central Banks and their dirty manipulation tactics
Enter Signature
  • #1,125,564
  • Jul 31, 2017 10:23am Jul 31, 2017 10:23am
This is an incredible shorting opportunity here. The RSI 70% has been broken 4 times now and hasn't changed that much for over a month and a half. Something to consider. Also, it's at the top end of the channel. Even if it only drops about half the channel, 1.1500 area, you would still be looking at between 200-300 pips--not too shabby. Right now at 1.1791, it's almost--not a guarantee--a certainty that it will hit 1.1800.

Here's the risk... I could be wrong and it could be heading in a upward trajectory.

It's all about risk baby...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDFXFDaily 7 31 2017.png Size: 63 KB
Taigen Profit This Month: na
  • #1,125,565
  • Jul 31, 2017 10:25am Jul 31, 2017 10:25am
Quoting skillz16
{quote} Haha... if you are in a SHORT position now, I'd not joke about it going to 1.20xx because... it really seems like it could get there given all the crap that is happening. Haha! I'd give this up cycle 7 trading days max, but at this point who knows... right?
Nope, I exit my shorts last week. But if it comes to the very unlikely event of 1.20xx I'll certainly be back shorting like crazy.
  • #1,125,566
  • Jul 31, 2017 10:26am Jul 31, 2017 10:26am
Haha, the risk is that it does this right now - but with EURUSD and in DAILY timeframe - and US defaults or something equally stupid that causes this:
http://finviz.com/forex_charts.ashx?t=BTCUSD&tf=mo
  • #1,125,567
  • Jul 31, 2017 10:27am Jul 31, 2017 10:27am
Before the North American session started:

1. EUR/USD seemed like the most attractive pair given strong EUR support and super weak USD as of late (sentiment).
2. Price was also around 1.1720, which was the bottom of the past 1-2 sessions.

Hence, the pair looked like a bargain. However, I didn't expect such a strong move, I bought it this morning with a TP before the 1.1760 resistance zone and got a few pips.

This strong push suggests we should buy the pair as soon as it retraces, and hold it until just before the NFP this Friday.

The "only" risk for the pair would be stronger than expected wage growth data from the NFP, suggesting a pickup in inflation.

However, the chances of that happening may not be much, and EUR is quite strong anyways...
  • #1,125,568
  • Jul 31, 2017 10:29am Jul 31, 2017 10:29am
Quoting Taigen
This is an incredible shorting opportunity here. The RSI 70% has been broken 4 times now and hasn't changed that much for over a month and a half. Something to consider. Also, it's at the top end of the channel. Even if it only drops about half the channel, 1.1500 area, you would still be looking at between 200-300 pips--not too shabby. Right now at 1.1791, it's almost--not a guarantee--a certainty that it will hit 1.1800. Here's the risk... I could be wrong and it could be heading in a upward trajectory. It's all about risk baby... {image}
It is kind of extreme manipulation ,even top economist do not expect euro goes further than 1.12-1.14 at q2-q3
1.2 was a big joke, but now it may happen with this pace of manipulation.
  • #1,125,569
  • Jul 31, 2017 10:30am Jul 31, 2017 10:30am
There were several options for this prices on EUR/USD
Aud/USD , etc
  • #1,125,570
  • Jul 31, 2017 10:30am Jul 31, 2017 10:30am
Quoting denisius
{quote} Jusstin ! With all do respect to you, you need to stop your pissing contest between you and other members. Good people shout out good words about you and I want to believe it. Please I can't read hundreds of pages about nothing. You shorting E right? Can we have facts like " when and why"? That would be more thread related and appropriate!
Enter Signature
  • #1,125,571
  • Jul 31, 2017 10:32am Jul 31, 2017 10:32am
Quoting newbegger
{image} Topside cleared now so gap around 1.2000 ready to close next few weeks (maybe days?). The gap around 1.0820 will have to wait for next year or 2 as EURUSD is going to infinity and beyond ;-)
Not quite to 1.1800. Round numbers can sometimes be barriers. Or launch points
Ecclesiastes 1:9
  • #1,125,572
  • Jul 31, 2017 10:32am Jul 31, 2017 10:32am
Quoting mattbbaby
It's the perfect time to sell. You know why? Cause if it keeps going up, the dollars you lose in the trade wont be worth anything anyway!
  • #1,125,573
  • Jul 31, 2017 10:39am Jul 31, 2017 10:39am
1 from last week... 1 quick scalp... same target
Attached Image
Lets make some green pips
  • #1,125,574
  • Jul 31, 2017 10:41am Jul 31, 2017 10:41am
By my stuff, the SELL STOP to enter short will be at 1.1693 by this NEXT MONDAY afternoon (5 PM EST).

So unless it goes nutso one way up, I'd expect it to turn to short by end of week/beginning of next week. I suppose who knows though since I've been wrong before on this past cycle. I took a 20% loss before and am a tiny bit short still unfortunately - but not adding until that system follow through.

Starting to get on my nerves because it makes it look like another week where I'm on the wrong side, looking at missed opportunity, and just waiting for the next... ugh. haha.
  • #1,125,575
  • Jul 31, 2017 10:59am Jul 31, 2017 10:59am
1.20xx today? Ahahah.
  • #1,125,576
  • Jul 31, 2017 10:59am Jul 31, 2017 10:59am
There she blows
  • #1,125,577
  • Jul 31, 2017 11:00am Jul 31, 2017 11:00am
Sky rocket on Monday
RM
  • #1,125,578
  • Jul 31, 2017 11:00am Jul 31, 2017 11:00am
Why people suggest shorting opportunities when we just reached a 2 year top and broke the super long range is beyond me. This is exactly the time when losers (or VERY experienced contra-trade traders) short. Why am I not surprised that 82% of lots and 62% of traders are short. They do the same mistakes over and over again.

Stops at 1.18 taken .. heh
  • #1,125,579
  • Jul 31, 2017 11:01am Jul 31, 2017 11:01am
Quoting mades
Why people suggest shorting opportunities when we just reached a 2 year top and broke the super long range is beyond me. Stops at 1.18 taken .. heh
I wonder too
RM
  • #1,125,580
  • Jul 31, 2017 11:02am Jul 31, 2017 11:02am
Quoting Ron25
Could it reach 1.18 this week?
OK. Earlier than I expected.
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