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  • #363,361
  • Jan 12, 2011 11:20am Jan 12, 2011 11:20am
Hopefully DX will turn up from here. My short got blown away. Need my money back with interest.
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #363,362
  • Jan 12, 2011 11:21am Jan 12, 2011 11:21am
Quoting vanyxster
fib pivot levels indys & all that crap are mathematically provided .....sometimes they work sometimes they don't .......2 forces command every market: supply & demand ( support & resistance on charts ) everything else is to be honest most of the times pure crap .Focus more on money management techniques & way to spot good levels(s/r) rather then to believe in stochastic & macd or rsi Ob or Os which can be very deceving.....market can be overbought for very long time ..vice versa for oversold.......put that mathematically things on side & u will...
I'm really glad to be part of this thread when some on can get good answers when they are starting out. There are more threads in here on price action.
  • #363,363
  • Jan 12, 2011 11:21am Jan 12, 2011 11:21am
Quoting cloggie
Up 200 pips now, still not seeing anything to make me close the trade.

Keep following the muppets here, I will be laughing all the way to the bank. See y'all later I need a serious muppet break.
Verily, in every difficulties there is relief
  • #363,364
  • Jan 12, 2011 11:22am Jan 12, 2011 11:22am
Quoting Beljevina
- The Euro's been bought/accumulated for days; the bottom's held. When there's minimal movement as there has been for days now, when she rips, she goes based on pent up demand. VSA showed accumulation days ago - all the lows were bought. VSA'ers have been pointing to it for days. While a minor component of VSA is looking at the stopping volume, in this case it was not difficult - I've marked the buying on the chart.
- Weakening USD - you can see this by having USDJPY, USDCHF up on your trading screens
- A "successful" Portuguese Bond auction;...

Translates I speak Spanish and via google, you have to twitter where you keep your comments, thanks and good response x 2011
  • #363,365
  • Jan 12, 2011 11:23am Jan 12, 2011 11:23am
shorted at 1.3130 as mentioned, 1.3050 look like a nice price to be revisited in the next 24 hours...

i think euro is not crushed but also not shinning. data from usa just came out " not bad", USD would be i bet near parity if was not for yearly deficits over the trillion.
  • #363,366
  • Jan 12, 2011 11:25am Jan 12, 2011 11:25am
Quoting primzvicious

IT usually takes about a week for the average poster here to figure out we are building a retrace by which time we are actually in a full blown reversal. Until that time you will see hundreds here trading with last week's trend getting continuously stopped out or only making a few pips. By the time they figure out what is going on they will have missed the boat and are still trading the wrong setups.

Just do your own thing Primz and make sure you are opposite to the consensus on this thread and you'll be fine. The consensus here is usually 500 pips behind the market.
  • #363,367
  • Jan 12, 2011 11:26am Jan 12, 2011 11:26am
Quoting Beljevina
- The Euro's been bought/accumulated for days; the bottom's held. When there's minimal movement as there has been for days now, when she rips, she goes based on pent up demand. VSA showed accumulation days ago - all the lows were bought. VSA'ers have been pointing to it for days. While a minor component of VSA is looking at the stopping volume, in this case it was not difficult - I've marked the buying on the chart.
- Weakening USD - you can see this by having USDJPY, USDCHF up on your trading screens
- A "successful" Portuguese Bond auction;...
just a question, that is bugging me with vsa in general. why is this move up on lowering volume safer than the one in december? i admit that the one in dec. was on a smaller scale, but never-the-less, the situation was the same.
please take a look at both screenshots.
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  • #363,368
  • Jan 12, 2011 11:27am Jan 12, 2011 11:27am
Quoting acidguy
shorted at 1.3130 as mentioned, 1.3050 look like a nice price to be revisited in the next 24 hours...

i think euro is not crushed but also not shinning. data from usa just came out " not bad", USD would be i bet near parity if was not for yearly deficits over the trillion.
man not bad the eur did not move even 20pips on that news good luck with u short

daily close here is not good
  • #363,369
  • Jan 12, 2011 11:30am Jan 12, 2011 11:30am
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #363,370
  • Jan 12, 2011 11:30am Jan 12, 2011 11:30am
Its not time to short the EUR - Its not time yet. Tomorrow is a very very very very big day for the EUR, Stop Shorting.
  • #363,371
  • Jan 12, 2011 11:31am Jan 12, 2011 11:31am
Quoting Hda
Its not time to short the EUR - Its not time yet. Tomorrow is a very very very very big day for the EUR, Stop Shorting.

Yup, Spanish auction at 0930 (3 Bn) and loads of fundies on the "normal" schedule. We have had over 300 pages here this week and most are looking for shorts instead on making it easy on themselves and going with the intermediate trend. By the time they figure that out, we would have moved in the opposite direction.
  • #363,372
  • Jan 12, 2011 11:32am Jan 12, 2011 11:32am
Quoting Mr Hatch
just a question, that is bugging me with vsa in general. why is this move up on lowering volume safer than the one in december? i admit that the one in dec. was on a smaller scale, but never-the-less, the situation was the same.
please take a look at both screenshots.
About the only thing that you can tell by watching ANY volume in Forex is that there is volume...

The rest, doesn't mean shit.

The peaks and valleys on volume are more indicative as to what session is trading then are of what direction price should be moving.

VSA for Stocks, can be of benefit, but as far as forex, you are still watching for more pattern then are of volume.

IMHO, VSA for Forex SUCKS HARD.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #363,373
  • Jan 12, 2011 11:35am Jan 12, 2011 11:35am
Quoting cloggie
Yup, Spanish auction at 0930 (3 Bn) and loads of fundies on the "normal" schedule. We have had over 300 pages here this week and most are looking for shorts instead on making it easy on themselves and going with the intermediate trend.
i will keep an eye on 184

i might be wrong
  • #363,374
  • Jan 12, 2011 11:37am Jan 12, 2011 11:37am
Quoting Magix
About the only thing that you can tell by watching ANY volume in Forex is that there is volume...

The rest, doesn't mean shit.

The peaks and valleys on volume are more indicative as to what session is trading then are of what direction price should be moving.

VSA for Stocks, can be of benefit, but as far as forex, you are still watching for more pattern then are of volume.

IMHO, VSA for Forex SUCKS HARD.

dam i am sure mal will give u a visit
  • #363,375
  • Jan 12, 2011 11:37am Jan 12, 2011 11:37am
Quoting samdani786
steady hands brother ... this is still long. wait till at least the m5 ltl gives way before selling back.
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Thank You
  • #363,376
  • Jan 12, 2011 11:39am Jan 12, 2011 11:39am
est 4h s/r 3127 3172 3229
i dont trust this spike atm. it may be bs.
those who can, do. those who cant, talk about those who can
  • #363,377
  • Jan 12, 2011 11:41am Jan 12, 2011 11:41am
Quoting kill56

dam i am sure mal will give u a visit


Oh, no...what have I done?



http://www.forexfactory.com/showpost...stcount=281304
http://www.forexfactory.com/showpost...stcount=281314
http://www.forexfactory.com/showpost...stcount=281318
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #363,378
  • Jan 12, 2011 11:42am Jan 12, 2011 11:42am
...that Portugal will decide Euro future. This battle was won, now time to wait to see the next battles, and do not forget that the monster is too big to be defeated.

About Euros, I have sold all my Dollars some hours ago, and I only will buy more above 1.3888, I am a long term investor. But for now it is impossible to see some level to buy between the range 1.27 and 1.37, so I only bet around 1.39 to short Euro or waiting to see more fundamentals for a longer term.

Good investment in my opinion is to buy Portuguese 10 years bonds, and everyone can do it for 1000 euros minimum, I have bought in July and December.

Mr."Pimco" are saying that is not buying Portuguese Bonds. Time will tell if Portuguese bonds are good investments, and if myself, Chinese, Japanese and some Middle East investors are buying junk.
  • #363,379
  • Jan 12, 2011 11:44am Jan 12, 2011 11:44am
Quoting Hda
Its not time to short the EUR - Its not time yet. Tomorrow is a very very very very big day for the EUR, Stop Shorting.
THANKS Hda for warning us new guys, it's the second tme now and I hope we all listen, it was a tough day but I try my best to trade PA without any indicators, only use Pivot, Support and Resistance levels. I'm up for the day with $250 which is not bad....I have been trading for 6 month now and still learning....best thing I did was to clear my charts from all the indicators.
  • #363,380
  • Jan 12, 2011 11:46am Jan 12, 2011 11:46am
Quoting gatorinla
est 4h s/r 3127 3172 3229
i dont trust this spike atm. it may be bs.
that's what I see atm, but i don't know where asia would like to pick up.
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