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  • #213,881
  • Mar 20, 2010 1:51pm Mar 20, 2010 1:51pm
Quoting No 1 Voodoo
in one word describe the next week for the eur / usd with no charts or etc just one word to give your point of view .


i say big bounce to 1.42 .

Ought to continue down, but if price bounces hard of year low, the that may indicate bottom
Prices oscillate, trends persist. Trend is your friend.
  • #213,882
  • Edited 2:29pm Mar 20, 2010 2:11pm | Edited 2:29pm
Quoting nawafasad1
i agree with you fonto on a small bounce to 1.37 then down to finish wave 5 . 161.8 fib of the last pullback will take it to 1.32 . gl
Thanks , hope you continue the good analysis & trade as per & stick what you see in the chart. anything can happen though in forex.wish you best trading .
And I will analyse eu & gold in different angles if fit for our present views , specially gold already seems quite different than eu & may take different course also . though some down also expected there but much more in the upside.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #213,883
  • Mar 20, 2010 3:02pm Mar 20, 2010 3:02pm
Quoting Kurti
Your way of thinking might be valid, we could be in an overall uptrend, but that uptrend has stopped through the fall under the candle before the first down candle, maybe you could have waited a bit, because you were still long from months before and could afford it. So after it fell under the candle before the signal candle, you would probably think there could be a stop to the uptrend and a correction.
Thank you, I absolutely agree with the point you present.. I'm just trying

my own system, which actually did pretty well in the EUR uptrend..

Yes, I'm trading live, never used Demo, as for charts you see, I have 2 DEMO

accounts, -1 have charts for GOLD/SILVER and other for many currencies

+ stocks. IN general, I'm up about 10% on the 30k account, it's a peanuts,

but it's safe, because I do use small lots, but my point is.. If After testing

this system with small lots, nothing can stop me to boost my account to

100k + and adjust lot sizes accordingly..

I don't like to use stop losses, but make profit always, could be small, but

constant.. Trying to learn more about hedging techniques (if somebody

can point to good source to learn about that subject: Any help will be

greatly appreciated)

Would I'll be happy to make 20-25% a YEAR with low risk? You bet.

And stopping out every time pair moves against you 50 pips not going to work

at least for me. Large capital/ low risk/reasonable profits.. that's my goals,

even, if I have to go against the trends, cause trends do change...

That's works for large capital, but for small I use 5M charts

scalping, just to stay in the game... I'm watching out many other ideas

at the moment, maybe I'd switch to something better, time will tell..

Thanks.
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  • #213,884
  • Mar 20, 2010 3:11pm Mar 20, 2010 3:11pm
[quote=SkyzerFX;3569882]Thank you, I absolutely agree with the point you present.. I'm just trying

my own system, which actually did pretty well in the EUR uptrend..

Yes, I'm trading live, never used Demo, as for charts you see, I have 2 DEMO

accounts, -1 have charts for GOLD/SILVER and other for many currencies

+ stocks. IN general, I'm up about 10% on the 30k account, it's a peanuts,

but it's safe, because I do use small lots, but my point is.. If After testing

this system with small lots, nothing can stop me to boost my account to

100k + and adjust lot sizes accordingly..

I don't like to use stop losses, but make profit always, could be small, but

constant.. Trying to learn more about hedging techniques (if somebody

can point to good source to learn about that subject: Any help will be

greatly appreciated)

Would I'll be happy to make 20-25% a YEAR with low risk? You bet.

And stopping out every time pair moves against you 50 pips not going to work

at least for me. Large capital/ low risk/reasonable profits.. that's my goals,

even, if I have to go against the trends, cause trends do change...

That's works for large capital, but for small I use 5M charts

scalping, just to stay in the game... I'm watching out many other ideas

at the moment, maybe I'd switch to something better, time will tell..

Thanks.[/q]

Well, if that works for you, then do it, but you must be a very strong EUR bull to do something like that, but you never know, could go to 2,50 in a matter of seconds, if Europe would be the first region to fly to mars and find lots and lots of ressources and ship them to earth really cheap. Could happen, or not.
  • #213,885
  • Mar 20, 2010 3:39pm Mar 20, 2010 3:39pm
[quote=Kurti;3569885]
Quoting SkyzerFX
Thank you, I absolutely agree with the point you present.. I'm just trying

my own system, which actually did pretty well in the EUR uptrend..

Yes, I'm trading live, never used Demo, as for charts you see, I have 2 DEMO

accounts, -1 have charts for GOLD/SILVER and other for many currencies

+ stocks. IN general, I'm up about 10% on the 30k account, it's a peanuts,

but it's safe, because I do use small lots, but my point is.. If After testing

this system with small lots, nothing can stop me to boost my account to

100k...
Just thought about it again and now it makes even less sense what you said. I think I can not logically comprehend your system. You are a EUR bull, but take profits frequently even small ones. But you accept drawdowns of more than 1500 pips. So if you were such a strong EUR bull you would wait and hold your profits longer. There is something mixed up with your timeframe and your risk acceptance and entries and exits. But if you understand it and it works, ok. But strange that it does.
  • #213,886
  • Mar 20, 2010 3:52pm Mar 20, 2010 3:52pm
That is possible, we've gone through quite a few phases of the Wyckoff spring already, if we see 1.3440 bringing big support, then downside will be limited by Euro moving toward 1.4 & maybe higher. All depends on reaction near current lows.

http://bigpicture.typepad.com/commen...off_spring.jpg
Prices oscillate, trends persist. Trend is your friend.
  • #213,887
  • Mar 20, 2010 4:09pm Mar 20, 2010 4:09pm
Quoting No 1 Voodoo
in one word describe the next week for the eur / usd with no charts or etc just one word to give your point of view .
uh
"If The Fool persists in his Folly he will become wise." - William Blake
  • #213,888
  • Mar 20, 2010 4:19pm Mar 20, 2010 4:19pm
[quote=Kurti;3569902]
Quoting Kurti

Just thought about it again and now it makes even less sense what you said.
OK, I'm not saying averaging down in total collapse.. I'm talking about

in situation like last couple of Month on EU.. Ranges 1.34-1.37/1.35-1.38.

Sometimes I get sick of waiting and start buying on the middle of the BAND

instead of waiting to the bottom, but, in any case of at least 100 pips of a

retracement,

I'll bailout and pay little for my mistake or even nothing.. that's the

main point.. The only thing to make sure is really buy low, I mean on the

bottom of the Band.. The problem is, when that lower band gets extended,

then you have to manage to get out on the next Retrace instead just

drop it at loss, because retrace could be very strong as well and you can

end up making money, instead of losing it.. This works, as I don't expect

any strong sustained trend anymore...
Attached Image (click to enlarge)
Click to Enlarge Name: eu_4h_band.jpg Size: 107 KB
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  • #213,889
  • Mar 20, 2010 4:32pm Mar 20, 2010 4:32pm
[quote=SkyzerFX;3569921]
Quoting Kurti

OK, I'm not saying averaging down in total collapse.. I'm talking about

in situation like last couple of Month on EU.. Ranges 1.34-1.37/1.35-1.38.

Sometimes I get sick of waiting and start buying on the middle of the BAND

instead of waiting to the bottom, but, in any case of at least 100 pips of a

retracement,

I'll bailout and pay little for my mistake or even nothing.. that's the

main point.. The only thing to make sure is really buy low, I mean on the

bottom of the Band.. The problem is, when that lower band gets...

If those are your entries on the chart, well then I say Tip of the Hat to you my dear man.
  • #213,890
  • Mar 20, 2010 4:43pm Mar 20, 2010 4:43pm
The euro will probably take a retrace up in the early part of the week. The 3500 barrier is in place
  • #213,891
  • Mar 20, 2010 4:57pm Mar 20, 2010 4:57pm
[quote=Kurti;3569926]
Quoting SkyzerFX


If those are your entries on the chart, well then I say Tip of the Hat to you my dear man.
edit: Or maybe not, maybe it crashes down 3000 pips over the weekend, because the Greek have started a revolution and declared an independent socialistic state, with ties to Kuba and Venezuela of course and maybe a bit Iran in there also and would declare war on the USA. The EU would have to follow their treaties and go to war with the US. AAARRARGRGRGRGRGGR!!! I am shorting!!!
  • #213,892
  • Mar 20, 2010 5:06pm Mar 20, 2010 5:06pm
going long makes no sense.
Very short maybe 1.1000 end of this year
  • #213,893
  • Mar 20, 2010 5:21pm Mar 20, 2010 5:21pm
Quoting SkyzerFX
...I'm watching out many other ideas at the moment, maybe I'd switch to something better...
Here's a novel idea that you apparently haven't thought of yet....

Try single-spacing those epic rants of yours instead of double-spacing them.

Between your posts and then everyone in the known universe quoting you in their double-spaced entirety as well, a single exchange can be long enough to warrant plotting a swing fib on.

Or I suppose we could just all turn our widescreen monitors and switch to portrait mode so we wouldn't have to scroll so much...
FUBAR...
  • #213,894
  • Edited 6:32pm Mar 20, 2010 6:15pm | Edited 6:32pm
Quoting ak4x
Or I suppose we could just all turn our widescreen monitors and switch to portrait mode so we wouldn't have to scroll so much...
Well, those posts are mainly reply to the questions some people ask,

perhaps you can add me to the ignore bin and cut your monitor space and finger scrolling

exercise, if that's the problem, or at least, post some CHARTS ones (how about that?)

Instead of personal pinching?
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  • #213,895
  • Mar 20, 2010 6:31pm Mar 20, 2010 6:31pm
Quoting SkyzerFX
Well, those posts are mainly reply to the questions some people ask,

perhaps you can add me to the ignore bin and cut your finger scrolling

exercise fair enough?
Consider it done. Your (bolded) reply was about what I predicted it would be but I was a little disappointed. I was hoping for some of that Skyzer Flair before you make the List... that doesn't address the issue of all those that quote you tho.

Fortunately I have a solution for that as well...
Quoting DutchTrader
Anyone who quotes a guy i ignore, i also add to the ignore list. Now I only see like 3people's posts
FUBAR...
  • #213,896
  • Mar 20, 2010 6:44pm Mar 20, 2010 6:44pm
Quoting ak4x
Consider it done. Your (bolded) reply was about what I predicted it would be but I was a little disappointed.
OK, I'm glad you're happy now and we all can return to EURUSD subject..

So? where it's going to go on Monday? Down? or up? Question remains..
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  • #213,897
  • Mar 20, 2010 6:48pm Mar 20, 2010 6:48pm
Skyzer,

assuming Greece will be bail out by IMF, does Euro will rise? but why
  • #213,898
  • Mar 20, 2010 7:08pm Mar 20, 2010 7:08pm
Quoting forex888
Skyzer,
assuming Greece will be bail out by IMF, does Euro will rise? but why
Let's talk about that tomorrow... Some people already complaining about

Monitor space and memory usage..
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  • #213,899
  • Mar 20, 2010 7:11pm Mar 20, 2010 7:11pm
Quoting fontu
Thanks , hope you continue the good analysis & trade as per & stick what you see in the chart. anything can happen though in forex.wish you best trading .
And I will analyse eu & gold in different angles if fit for our present views , specially gold already seems quite different than eu & may take different course also . though some down also expected there but much more in the upside.
fontu
this is the count on gold may be you should consider the bearish view .
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.gif Size: 17 KB
  • #213,900
  • Mar 20, 2010 8:41pm Mar 20, 2010 8:41pm
Sentiment:- Bearish
Reason:-

  1. Fundamental – Until now, there is no significant positive sign where the PIGGS will getting better. US economy figures are overall quite encouraging.
  2. Technical – After 2 weeks of pullback, now we finally have a good sign of downtrend. On the last Friday, I successfully gained some good pips by using my intraday strategy. Nevertheless, I think now the trend on H1 is over-extended and I expecting minor pullback. This is supported by EW counts where Wave 5 is completed and now we should expecting minor pullback (ok, this is theory).

To do:-

  1. As tomorrow is holiday of JPY banks, I believe the early session of market may be quiet. Market mostly will consolidate.
  2. Swing trading – I will monitor H1 for good dip to enter.
  3. Intraday trading – I will monitor M15 to enter.

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