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  • #558,001
  • Nov 3, 2011 6:37pm Nov 3, 2011 6:37pm
Quoting mercy seat
One minute left until "change of value date" ...

See you later ...

2011-11-03_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-44

Time for phone calls etc. see you afterwards ...




;-|
Okay ...

Preliminary TABLE survey for our beloved EUR/USD pair:

2011-11-03_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-44

Elliott :

Counts up from 1.3609 turning point ...

Correction zigzag 1.3912/ 28 ...

Pivot :

Capped near 1.3830/ 39 - 1.3894 zones ... then drift down back towards 1.3746/ 32 zone or 1.3712 - 1.3696 in case of they can manage some pressure again ...

After all be aware that any premature cross of above 1.3945 will open the roof again ... and any confirmation of above 1.3973 will cancel the downside ...



Good luck!



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #558,002
  • Nov 3, 2011 6:42pm Nov 3, 2011 6:42pm
Quoting Taigen
that it will go down a bit. I shorted so I hope so.
Just as a matter of course, here's a chart showing that I might expect further upside movement which is why I planned on waiting until at least 8 PM CST US to enter a trade. First, the pair has found support at 1.3650 about 5 times this week on this chart, with diminished bearish momentum after the latest downmove. Second, the candlesticks are finding higher lows than before with a doji candle from about 1 day ago, along with a huge bullish pin bar which bottomed out at support as mentioned. I would be really wary of going short before the last candle closed which is exactly why I would wait instead of looking for a consensus on the forum.

The fact remains, this pair may very well go further down and I think it will soon enough, but there's also plenty of room for upwards correction, false hope, good news etc.

All in all, I think a short position will still be profitable later, but entering here might cause you to endure a losing position for quite some time before it makes it back down to profit levels. If you can tolerate such a move then that's great, if not, I would say reevaluate your reasons for entering.
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  • #558,003
  • Nov 3, 2011 6:44pm Nov 3, 2011 6:44pm
Quoting factorof2
Don't ever trade on a "consensus" on this forum. If you're ever considering an entry, close your browser, look at your charts, and start finding reasons why the pair could go the opposite way you expect. If you find it very hard to find reasons for the trade to run against you according to your analysis, then by all means enter your trade, come back here and post your entry, SL and profit targets if you like.

Never, ever, ever, ever enter a trade you see on the forum if you don't have good reason to do so according to your own trading plan,...
Very good advice my friend. I've already been positioned for a couple hours but it's nice to know when I'm not the only one shorting.
Taigen Profit This Month: na
  • #558,004
  • Nov 3, 2011 6:46pm Nov 3, 2011 6:46pm
I think short Aud is better than Eur at this moment.
Quoting Kowalczyk
Entering short again.
  • #558,005
  • Nov 3, 2011 6:46pm Nov 3, 2011 6:46pm
Quoting Kowalczyk
Entering short again.
i am sorry if that sounds not appropriate, but it looks like you are gambling, maybe i am wrong... anyway, why do you think it will reverse there?
As Above, So Below
  • #558,006
  • Nov 3, 2011 6:51pm Nov 3, 2011 6:51pm
Quoting tashkent
i am sorry if that sounds not appropriate, but it looks like you are gambling, maybe i am wrong... anyway, why do you think it will reverse there?
Price action. I am scalping for a couple of pips at a time.
  • #558,007
  • Nov 3, 2011 6:58pm Nov 3, 2011 6:58pm
Quoting tashkent
i am sorry if that sounds not appropriate, but it looks like you are gambling, maybe i am wrong... anyway, why do you think it will reverse there?
This is pretty good resistance in this area, I think 1.3750 is going to be hit before a major run upside takes place. But, really other than resistance I have absolutely no PA right now to tell me to go short. lol I also have the fundamental news on my side, but that hasn't mattered in a very long time. NFP tomorrow, who cares, its all about Greece and the G20 countries putting out a statement that they will support Greece indefinitely.
Yay! Pips for everyone!
  • #558,008
  • Nov 3, 2011 6:58pm Nov 3, 2011 6:58pm
Quoting Kowalczyk
Price action. I am scalping for a couple of pips at a time.
how many trades do you make per day.. i did not trade anything today.. probably will have two trades tomorrow depends on how market will go and how confident i am face the market.
  • #558,009
  • Nov 3, 2011 7:00pm Nov 3, 2011 7:00pm
Quoting Kowalczyk
Price action. I am scalping for a couple of pips at a time.
Kacper, please take a look at the bigger picture... i hope this is the valid scenario, taking into the account that S&P and DAX were up, hopefuly asians are up as well. Also... we just got out from the range and that might be the breakout scenario for now...

PA guru's Im very keen to hear your comments on below.
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  • #558,010
  • Nov 3, 2011 7:02pm Nov 3, 2011 7:02pm
i used to make 5 to 20 trades a day and...it's very stressful. i wasted too much time and energy on that, as a result i lost big time many times over.

now... i will only enter a trade when i THINK i can make about 100 pips. if not i will not enter!
  • #558,011
  • Nov 3, 2011 7:03pm Nov 3, 2011 7:03pm
Quoting mario83
Kacper, please take a look at the bigger picture... i hope this is the valid scenario, taking into the account that S&P and DAX were up, hopefuly asians are up as well. Also... we just got out from the range and that might be the breakout scenario for now...

PA guru's Im very keen to hear your comments on below.
Volume doesn't mean much nowadays, but the S&P move the last 2 days was on anemic volume, read a lot of the money managers were actively buying puts today because they're scratching their head about the move we're having in the S&P on no volume. I think the Euro could rally hard tomorrow, but I think next week the fundamentals matter again. Of course, it seems everyone in the world thinks the euro will rally hard tomorrow, so maybe that's a contrarian indicator, then again, I'm short right now, so I'm biased. lol
Yay! Pips for everyone!
  • #558,012
  • Nov 3, 2011 7:07pm Nov 3, 2011 7:07pm
chippy choppy
  • #558,013
  • Nov 3, 2011 7:08pm Nov 3, 2011 7:08pm
Quoting Pipsforall
Volume doesn't mean much nowadays, but the S&P move the last 2 days was on anemic volume, read a lot of the money managers were actively buying puts today because they're scratching their head about the move we're having in the S&P on no volume. I think the Euro could rally hard tomorrow, but I think next week the fundamentals matter again. Of course, it seems everyone in the world thinks the euro will rally hard tomorrow, so maybe that's a contrarian indicator, then again, I'm short right now, so I'm biased. lol
China to commit on currency flexibility | http://bloom.bg/tWdpfy

this should aid the rally
  • #558,014
  • Nov 3, 2011 7:10pm Nov 3, 2011 7:10pm
Quoting Pipsforall
Volume doesn't mean much nowadays, but the S&P move the last 2 days was on anemic volume, read a lot of the money managers were actively buying puts today because they're scratching their head about the move we're having in the S&P on no volume. I think the Euro could rally hard tomorrow, but I think next week the fundamentals matter again. Of course, it seems everyone in the world thinks the euro will rally hard tomorrow, so maybe that's a contrarian indicator, then again, I'm short right now, so I'm biased. lol
im short and long managing my hedge position so i start to think without any bias.. at least i think ive got clear mind now. My plan is to close long position on 3920 open another short and close it at 3850 and also close my short position i carry on 3850 as well. If i only knew that my scenario is valid i would cose my short now.

BTW: : It's official, Groupon will sell 35 million shares at $20 apiece tomorrow via @BloombergNews

i guess fund managers would like to have some groupon stocks in their pockets... that might raise stocks index and hopefully gives my eurusd long some hope to become true. also G20 is fully behind Greece to support it as long as they are convinced they want the propose package. LONG TERM im short anyway.
  • #558,015
  • Nov 3, 2011 7:12pm Nov 3, 2011 7:12pm
Quoting mario83
im short and long managing my hedge position so i start to think without any bias.. at least i think ive got clear mind now. My plan is to close long position on 3920 open another short and close it at 3850 and also close my short position i carry on 3850 as well. If i only knew that my scenario is valid i would cose my short now.

BTW: : It's official, Groupon will sell 35 million shares at $20 apiece tomorrow via @BloombergNews

i guess fund managers would like to have some groupon stocks in their pockets... that might raise stocks index...
I know I can't believe how much 3% of a company is worth that is 3 years old and looses money!!! crazy world!
  • #558,016
  • Nov 3, 2011 7:15pm Nov 3, 2011 7:15pm
Quoting matt9824
I know I can't believe how much 3% of a company is worth that is 3 years old and looses money!!! crazy world!
i havent followed why they are loosing money, but the fact is they are the biggest group buying service around the globe. Are they loosing because of the extended purchases of other clone companys? Dont know, but they're doing quite well here locally.

on M5 we have HH, HL so far... lets see what's next
  • #558,017
  • Nov 3, 2011 7:15pm Nov 3, 2011 7:15pm
How much percent you guys try to increase your accounts a day? 1%, 2%, 5%, 10%.....
  • #558,018
  • Nov 3, 2011 7:18pm Nov 3, 2011 7:18pm
Quoting mario83
Kacper, please take a look at the bigger picture... i hope this is the valid scenario, taking into the account that S&P and DAX were up, hopefuly asians are up as well. Also... we just got out from the range and that might be the breakout scenario for now...

PA guru's Im very keen to hear your comments on below.
Your chart looks good. Except I the we will retrace to 1.3778 before making our next leg up. Right now, I have a medium term long position, looking to add more at 1.3780. And I have no short term position open.
  • #558,019
  • Nov 3, 2011 7:20pm Nov 3, 2011 7:20pm
Quoting mario83
i havent followed why they are loosing money, but the fact is they are the biggest group buying service around the globe. Are they loosing because of the extended purchases of other clone companys? Dont know, but they're doing quite well here locally.

on M5 we have HH, HL so far... lets see what's next
Its a garbage business plan, they lose money on every deal they sell, and their clients usually don't comeback because they lose money on the deals and don't see repeat business. Plus, their competitors have dropped out of the marketplace because they couldn't make money with it. I wouldn't be surprised to see it trade below the IPO price next week.
Yay! Pips for everyone!
  • #558,020
  • Nov 3, 2011 7:21pm Nov 3, 2011 7:21pm
Quoting eliabreu
How much percent you guys try to increase your accounts a day? 1%, 2%, 5%, 10%.....
Target 10% average atm is about 8%
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