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Price is everything

  • #10,261
  • Feb 27, 2011 1:43am Feb 27, 2011 1:43am
Quoting duyk20
A little bit of food for thought of eu for next week
What do you guys think?
As red tends to say there is no reason for speculation wait for price to show what its going to do. But im usually accurate in my longterm predictions.

The issue with EU right now is that it turned in a obvious supply zone (check mine and reds older postings).

But i dont believe the bullrun is over.

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Very accurate pinpointing of the source of the ralley (about 70 pips)

Level did hold and the intermediary supply/demand zones i have marked on my clean 15m white charts with the gold levels are unlikely to hold a move up.

To me this looks like reloading especially since the 30m bars showed very clear demand to me.

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  • #10,262
  • Feb 27, 2011 6:38am Feb 27, 2011 6:38am
BTW, im getting such a massive fucking headache just reading the EURUSD thread with all those elliot wave "analysis" and wavecounts and shit like 200emas..

wow just simply wow...
  • #10,263
  • Feb 27, 2011 6:39am Feb 27, 2011 6:39am
Looking forward for market open!! I'm back from holidays and ready to make money!!! See you guys in a couple of hours!! Enjoy the rest of the weekend!!!!

PS: Nice chart Orbital!
  • #10,264
  • Feb 27, 2011 6:39am Feb 27, 2011 6:39am
Quoting Orbital
BTW, im getting such a massive fucking headache just reading the EURUSD thread with all those elliot wave "analysis" and wavecounts and shit like 200emas..

wow just simply wow...
infi n kill : p
Hero calls followed by margin calls...
  • #10,265
  • Feb 27, 2011 6:39am Feb 27, 2011 6:39am
Quoting maurofx
Looking forward for market open!! I'm back from holidays and ready to make money!!! See you guys in a couple of hours!! Enjoy the rest of the weekend!!!!

PS: Nice chart Orbital!
hey bro, hope you had nice vacations....

see ya on gao trading
Hero calls followed by margin calls...
  • #10,266
  • Feb 27, 2011 6:44am Feb 27, 2011 6:44am
Quoting PhAnTi'
hey bro, hope you had nice vacations....

see ya on gao trading
Yes mate, TKS a lot! Btw gap trading will be very intresting this week...
I came back from party a couple of hours ago and I'm cleaning my email inbox, fb and stuff.
Off to bed now, I'll work on my charts tomorrow and then let's trade!!!
I really miss the market, I think I have a crush on him!! LOL!!
  • #10,267
  • Feb 27, 2011 6:53am Feb 27, 2011 6:53am
I think the market is more likely to be a she:

 

  1. Its irrational
  2. Its moody as hell
  3. It starts bleeding randomly without cause
  4. Its constantly screwing everyone
  5. Consumes all your time

  • #10,268
  • Feb 27, 2011 7:02am Feb 27, 2011 7:02am
Quoting maurofx
Yes mate, TKS a lot! Btw gap trading will be very intresting this week...
I came back from party a couple of hours ago and I'm cleaning my email inbox, fb and stuff.
Off to bed now, I'll work on my charts tomorrow and then let's trade!!!
I really miss the market, I think I have a crush on him!! LOL!!
we are all addicted ^^
Hero calls followed by margin calls...
  • #10,269
  • Feb 27, 2011 8:16am Feb 27, 2011 8:16am
confirming EU analysis

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  • #10,270
  • Feb 27, 2011 8:27am Feb 27, 2011 8:27am
Quoting Orbital
confirming EU analysis

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Good posts like always mate. Be careful not to get caught on the monthly change as I do agree with your view from the bigger picture but if it is going to go up as we expect, indtraday/daily positioning could happen first intraday,daily until Monday or Thursday.

I know this is only a PA thread, but the big positioning to look for is also from a FA perspective too, for end of next week of early next week for very probable shorts on Portugal, etc , etc, etc EU meeting around the +/- 1.40xx EZ debt crisis cap.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #10,271
  • Feb 27, 2011 8:38am Feb 27, 2011 8:38am
Quoting PhAnTi'
infi n kill : p
...elliotwave n 200ema
Money is made by sitting, not trading. Jesse L. Livermore
  • #10,272
  • Feb 27, 2011 9:06am Feb 27, 2011 9:06am
Quoting PhAnTi'
infi n kill : p
Seriously though, try reading those posts without your head exploding into pieces. I have seen people write elliot analysis and within 3 paragraphs theyve basically layed out every single fuckign possibility for it to move. Whenever something goes wrong they claim "Ohh but you know its subwave c from bigwave 3 on the fourth fucking count of whogivesashit"

Its mind boggeling just reading that shit. People who claim to have the answers are fucking tools and should be shot like dogs and then buried in a shallow grave by the interstate....

Its like people expect EMA's to have some magical fucking answer and then when you confront them about the technicalities and mathematics of it they dont even fucking know what laplace distribution are. Fuckign tools.

Fourier Transformation cycles are a completely different story because there is some motherfucking serious math involved with it, infact fourier transformations are a hobby of mine, im working together with a coder to finetune the signals actually but its just a pet project im doing for university bachelors degree.

Anyways, just watching PA and supply/demand is about all you need, Redsword correctly pointed out to me that its useless trying to be in every single trade. You take the trades you know are easy, accept loss beforehand, if it works out great, if it doesnt you probably picked a wrong supply or demand level.

I will agree there is a degree of difficulty finding out the proper levels but thats assumign you want 30-40 pip rides. 10-15 pips per trades usually is more than enough.

Anyways ive presented my case (albeit less detailed) on eu. If it holds great, i know ive already missed my entry so i will probably long on the next intermediary demand level or just scalp. Im staying away from AUD trades because quite frankly everyone is looking at the charts and wants to go short, AU is said to be the strongest currency of the year and seeing how their interest rates are higher than most countries its an excellent instrument for carrytraders. Wouldnt surprise me if we made new highs this year.
Swissy is absolutely fucked up, not touching that shit. GU right now is becoming increasingly interessting, spreads are tighter than a 14 year old right now so scalping is a breeze.. with 1 minute bars moving 5-6 pips and your spread being 0.8 its hard to go wrong.

Looking at yen pairs right now... actually fuck this im going to watch hellboy and relax a bit.
  • #10,273
  • Feb 27, 2011 10:26am Feb 27, 2011 10:26am
Luke, I sense a lot of anger in you...

Quoting Orbital
Seriously though, try reading those posts without your head exploding into pieces. I have seen people write elliot analysis and within 3 paragraphs theyve basically layed out every single fuckign possibility for it to move. Whenever something goes wrong they claim "Ohh but you know its subwave c from bigwave 3 on the fourth fucking count of whogivesashit"

...
Hello.
  • #10,274
  • Feb 27, 2011 10:30am Feb 27, 2011 10:30am
As I was trying to cope with my increasingly strong hangover, I found this nice quote :

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day". Frank Sinatra
Hello.
  • #10,275
  • Feb 27, 2011 10:36am Feb 27, 2011 10:36am
Quoting Orbital
Seriously though, try reading those posts without your head exploding into pieces. I have seen people write elliot analysis and within 3 paragraphs theyve basically layed out every single fuckign possibility for it to move. Whenever something goes wrong they claim...
Quote
Anyways, just watching PA and supply/demand is about all you need, Redsword correctly pointed out to me that its useless trying to be in every single trade. You take the trades you know are easy, accept loss beforehand, if it works out great, if it doesnt you probably picked a wrong supply or demand level.
Agree 100 %.
Hero calls followed by margin calls...
  • #10,276
  • Feb 27, 2011 10:37am Feb 27, 2011 10:37am
Quoting Orbital
Seriously though, try reading those posts without your head exploding into pieces. I have seen people write elliot analysis and within 3 paragraphs theyve basically layed out every single fuckign possibility for it to move. Whenever something goes wrong they claim "Ohh but you know its subwave c from bigwave 3 on the fourth fucking count of whogivesashit"
yip, elliot wave counters do never fail ...... ;D
Hero calls followed by margin calls...
  • #10,277
  • Feb 27, 2011 10:52am Feb 27, 2011 10:52am
Quoting emene
As I was trying to cope with my increasingly strong hangover, I found this nice quote :

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day". Frank Sinatra
... some of the posts here made me laugh this morning but they do have points.

USDJPY
This pair is oversold and there's a divergence even though there's still some room to fall (30-50 pips)
The boxes are from an interesting forecasting technique by PAPION in his thread. Target for swing down is reached which also hit my Fib extreme Projection.
We'll see how it goes...Good trading to all!

ant-
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  • #10,278
  • Feb 27, 2011 11:17am Feb 27, 2011 11:17am
you know, usdjpy is a tough one, because based on PA its looking like its making a break, but if you scroll to the left on 1hr and 15minute you will see there is a lot of demand there and its a relatively "fresh level" ill post some charts later on, i usually avoid that pair though, only swingtrade on it.

ask red though
  • #10,279
  • Feb 27, 2011 11:18am Feb 27, 2011 11:18am
Quoting emene
As I was trying to cope with my increasingly strong hangover, I found this nice quote :

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day". Frank Sinatra
hahahaha.

I managed to give myself a two day hangover. Just now feeling better from Thursday nights activities. Definitely one of those 'I am never drinking again' weekends.
  • #10,280
  • Feb 27, 2011 11:21am Feb 27, 2011 11:21am
If I'd had a penny every time I said this, I wouldn't even need to trade forex. Except for the pleasure of being right.

Quoting Venice
hahahaha.

Definitely one of those 'I am never drinking again' weekends.
Hello.
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