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  • #3,981
  • Oct 14, 2011 7:08am Oct 14, 2011 7:08am
Quoting donfriday
i need a pull back and buy again...fibo daily show it all...
I know what u mean. I used to make 2 3 trades per day but nowdays im averaging 6-10 including scalps.

Im having a better ROI then 2 years ago, as I quit my day job and needed to make a living from FX market <3, not just invest
  • #3,982
  • Oct 14, 2011 7:25am Oct 14, 2011 7:25am
EU trapped in m5 channel

And scalping is best done in channels.

Attached Image (click to enlarge)
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  • #3,983
  • Oct 14, 2011 7:59am Oct 14, 2011 7:59am
Last trade of the day.

Exploiting profit taking DPC QUAD trade. 3876 entry.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 109 KB


1/2 taken at green line 3860, rest at BE now.

Final target 3830.
  • #3,984
  • Oct 14, 2011 7:59am Oct 14, 2011 7:59am
Over 70h long multiple RSI and MACD H1 bearish divergence....
Waiting for Monday and France downgrade....
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  • #3,985
  • Oct 14, 2011 9:22am Oct 14, 2011 9:22am
Quoting donfriday
some entry start from bottom..big boys always enter sell high buy low ..look at eu and gu daily pure ...lower tf scream different signal......
Just want to say welcome to the board
Just read ur last 4 posts , sound very good trader
Looking forward more posts from u next week
  • #3,986
  • Oct 14, 2011 9:45am Oct 14, 2011 9:45am
Quoting infinitus
Why The Euro Is Going Much Lower, Or The Mother Of All Compression Trades

http://www.zerohedge.com/news/why-eu...ression-trades
Yes ... thank you for that ... but as you see ... not today ...

Major thread is still a move towards 1.4 area again ...

But possibly we have had our major move for today ... i.e. major move might have been done and over already ...

Some of you guys know what I mean when mention this ... as it is a thing which has a meaning for an intraday day trader ...

Although major tendency still points to the upside ... we have seen an important daily "Elliott Key-Point" as one point of our projection has been 1.3898 ...

See old TABLE from last rollover ... at AA40 it has been mentioned ...

http://www.forexfactory.com/attachme...5&d=1318543728

Of course real position traders like our comrade from Basel Stadt und Land SirMcPip may not care these facts too much ... as he might feel comfortable with his stance which made him soo much troubles because of a concatenation of unfortunate missunderstandings there ...

But I do hope [color=blue][b]T@ra[/b][/color] as well as McPip (both) will be able to shake hands with respect and say "let's forget that hassle" come back to this beautiful place ... and let's see what it is about from our professional point of view ...

As both ... our host as well as McPip are "icons" ... each one of them in their own special way ...



Anyway ... I will post a little fresh update late ... as a kind of ZigZag probabilities survey ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,987
  • Oct 14, 2011 10:00am Oct 14, 2011 10:00am
Quoting egkid
So i will buy [email protected] target 1.3950 SL under 37
depends on 4h and daily on my above post
Because weekend and market conditions
Close my long position here@3850

New week new chance this is first week since months i got lower profit than my target BUT i will share Why maybe someone find it helpful

My target was much lower than 31 and weekly was saying so but it give sign of Retrace and less concentrate and much life work made me forget what i just said last week.
Quoting egkid
On weekly e/u stretch down much and need some air Other wise Free Fall and I mean real free fall

Fundamentally Support my view
"http://www.forexfactory.com/images/buttons/viewpost.gif Bernanke said QE3 not off the table, but no plans to implement anytime soon" That give some Air to euro to go UP
At end market do whatever Let's C
daily start to point up 50% , 4h Bullish close on last week
Quoting egkid
4h close bullish and 3465 became support
My book closed.
New week new chances
My last week close and my view for this week
i thought the correction will b like this
Attached Image


1-Next time 4h must respected because it's first sign before daily and weekly to where PA going "The reason for my [email protected] target 1.34 early because daily and 4h give same signal at same time "Most powerful signal u can get"

2- Less concentration and Less free time >> You Must Risk Less
  • #3,988
  • Oct 14, 2011 10:00am Oct 14, 2011 10:00am
Yes ... this is maybe a little "flip-correction" to the upside again ...

But don't expect too much from that ...

Moves of the day are all over now and done ... now we might have some "tweezers" range moves ...

Stone-soup I name this ... with low proteine meat and a lot of bones ...

Anyway ... London has closed the doors and floors ... now we do have only those incestuos exchange places and mkt will not give us much to deal with ... few pips up ... few pips down ... but big deal move has been dunn and over ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,989
  • Oct 14, 2011 10:42am Oct 14, 2011 10:42am
Quoting stulic
Hello

2 LH's 2 HL's...

3813 was a perfect short opportunity

Hello stulic!

Again a beautiful chart view ... and at this point of time it looked right ...

But as mostly always ... and this is a good example for this ... chart views are often missleading ... as we tend to watch throu only one small fractal view of a TF wihich is missleading if we are not aware which one of all those views are dedicated to our main theme ...

And no doubt ... major theme has had another name ... "play me up buddy" was the name ...

Our best secondary entry zones ... after the troughs in Asian Session near 1.3723 has been occurred ... that has been exactly at that point of time when you posted this beautiful chart ...

We just have had reached our turning-point area at 1.3747 / 44 zone ... and sharply reversed from there ... which lead us back to above fresh high at 1.3828 ... before we went even higher to above 1.3840 (DPR+1) into the direction towards DPR+2 and really very close to our Elliott key at 1.3898 ...


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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,990
  • Oct 14, 2011 10:54am Oct 14, 2011 10:54am
I finished plan for next week
First sign for my next week plan Open in Gap to Up
Will post when next week open No Rush
Happy weekend to All
  • #3,991
  • Oct 14, 2011 11:23am Oct 14, 2011 11:23am
Stops & Triggers Range (14. Oct 2011, 19:45 CET)
ZigZag A-B-C Bandwidth

1.3934 1.3829
1.3914 1.3809
1.3894 1.3789
1.3874 1.3764

1.3864 1.3754 <= intersection

1.3854 1.3744
1.3829 1.3723
1.3809 1.3703
1.3789 1.3683

UPS and DOWNS
1.3894 1.3724


Picture based on moves of the whole day ...

Lowest after 1.3894 high has been 1.3838 ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,992
  • Edited 12:50pm Oct 14, 2011 12:22pm | Edited 12:50pm
Just back from work, glad to see TP hit @ 1.3888, all closed: +126, not bad for a Friday.
Looks like it's going to open with a gap up over the WE but I won't reopen a trade now. Also we r getting close to my target of 1.395 so I'm also getting ready for the shorts (pending order at 1.375

PS: I have a nice Bearish HD on MACD on H1 forming -> open gap up after weekend and then down?

Have a good WE all
B.



Quoting BrunargarFx
It's bouncing up on the same LTL starting on the 6th of October. Almost to the pip.

I waited for the bounce at 1.3745 this morning and I'm long since 1.3762.
SL at BE now. (in fact I was expecting thePA to break that LTL to the downside)

If we break 1.3825 today I have 1.3888 beyond. and with G20 probably some further move up over the weekend.
Woudln't be surprised to learn Greece defaulting sometimes next week for a retest of the low...

I agree with Flynch' - wait 'til the shit hit the fan. I have a pending order S below the LTL.

Have a...
  • #3,993
  • Oct 14, 2011 1:40pm Oct 14, 2011 1:40pm
Quoting T@rantula
Last trade of the day.

Exploiting profit taking DPC QUAD trade. 3876 entry.

Attachment

1/2 taken at green line 3860, rest at BE now.

Final target 3830.
This 1 was closed for 28 pips overall, even thou it reached 3839.

Thanks everyone for their respected views and welcome DonFriday, Raza and all new contributors. We are maintaning the healthy community here and I must say Im really impressed how u guys handle these trades. All of you, well done this week.

Mercy as for SirMcPip, i dont have any negative feelings about him. Im always willing to give second chance and shake hands. Misunderstandings are a part of our lives and must be handled accordingly )

See you next week..expect Forex Highlights chapter during the weekend.

T
  • #3,994
  • Oct 14, 2011 2:28pm Oct 14, 2011 2:28pm
Thank you T@ra ... for these really wise words ...

That's the way I know you ...

Have a nice week-end everybody


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,995
  • Oct 14, 2011 2:45pm Oct 14, 2011 2:45pm
RECAP:

TABLE with survey for the EURUSD pair at the end of week no. 41 ...

Pivots and most significant numbers are updated at closing time ... further details will follow ...



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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-10-14_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-41.PNG Size: 122 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,996
  • Oct 14, 2011 3:36pm Oct 14, 2011 3:36pm
Will remain in bullish structures ... whilst above 1.3770 ... and it looks more than likely that 1.3832 - 1.3800 may hold at first ... and further attempts towards 1.3911 - 1.3941 are possible ...

Although risk is growing on the downside ... vulnerable for erratic declines ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,997
  • Oct 14, 2011 4:07pm Oct 14, 2011 4:07pm
Hmm ...

Jawohl ... die 1.4 rückt in schnellen Schritten in Reichweite. Mir wär' wohler dabei, wenn es langsamer ginge ...

Aber sagte es nicht schon der alte "Kosto" so ... denn nichts nähret die Hausse so sehr wie eben nur die Hausse ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,998
  • Edited 4:26pm Oct 14, 2011 4:15pm | Edited 4:26pm
Quoting T@rantula
This 1 was closed for 28 pips overall, even thou it reached 3839.

Thanks everyone for their respected views and welcome DonFriday, Raza and all new contributors. We are maintaning the healthy community here and I must say Im really impressed how u guys handle these trades. All of you, well done this week.

Mercy as for SirMcPip, i dont have any negative feelings about him. Im always willing to give second chance and shake hands. Misunderstandings are a part of our lives and must be handled accordingly...
Pleasure ..

& Congrats everyone.

1.3798 is support now....

If above 1.4011 donot short this Confirmation limit for Bullishness @ 1.4051 not 1.4050 ( 1pip makes a difference).

1.4050 is the Bulls limit and Bear territory starts there....above 1 pip its a whole different animal....This Month.(Hope it makes sense)

I am a technical trader..so I dont know what can cause bullishness fundamentally...but I must say again above 1.4050.. donot short this..(Next month is a different story)

RAZA
Markets are not Random, they are designed!
  • #3,999
  • Oct 14, 2011 10:11pm Oct 14, 2011 10:11pm
Quoting Forexcube
AUDUSD, Monthly, 2011 October 14
AUDUSD, H4, 2011 October 14

The monthly seems exhausted. So maybe good time for some shorts.

I've taken a short around 1.0245 (DR1). The M15 candles are stepping down. Nonehteless maybe it's even better to wait for the next closed H1 candles.
It finished the week some 100 pips above there, I'm confident the target next week will be 1.05, unless some unexpected disturbances seep out of the G20 meetings.
As long as risk appetite stays alive, there's plenty of room to the upside and 1.11 is not the limit, 9386 on the other side wasn't a swing point, it was a trend reversal.
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Don't get mad, get even!
  • #4,000
  • Oct 15, 2011 12:18am Oct 15, 2011 12:18am
Quoting mercy seat
Hmm ...

Jawohl ... die 1.4 rückt in schnellen Schritten in Reichweite. Mir wär' wohler dabei, wenn es langsamer ginge ...

Aber sagte es nicht schon der alte "Kosto" so ... denn nichts nähret die Hausse so sehr wie eben nur die Hausse ...



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Hi Mercy,

that is true, but momentum is diminishing fast and we have divergenzes on all TF's up to 12h.

Microstructure lets room for a further poke higher, ideally 3916 to 3946. (highest probability)

But if it uses its channels to the full extent we even might see printings of around 4038

See 2h chart
Attached Image (click to enlarge)
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