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  • #560,961
  • Nov 11, 2011 3:27am Nov 11, 2011 3:27am
Quoting cloggie
Nothing beats the charts. Most books and articles are just opinions of economists and analysts, if they really knew their sh!t they'd be traders.

As with everything else in this business, there is nothing you can beg, borrow, steal or buy as a shortcut. Nothing beats putting the work in yourself.
Never meant to beg etc. anything and you know it, but important message from your post received

IŽll read (with scepticism as usual) some literature as well, I like to understand different viewpoints before I make up my own opinion, but I will focus on correlation between charts as you suggested.

I get it you are watching DAX, S&P, CDS spreads, bond yields, news and PA itself at the same time
Quant Hedge Fund CEO
  • #560,962
  • Nov 11, 2011 3:29am Nov 11, 2011 3:29am
Quoting cloggie
Spot on kid. Go back over my posts and see how much I hammered down on that 3610 earlier this week, she's still here and she's still a player. Now keep your head out of your @Rse, keep an eye on the big picture and you'll be fine.
Like you said before, never throw away an old number. Rinse and repeat. 'nuff said.
In other news: A ranger was trapped between a bull and a bear
  • #560,963
  • Nov 11, 2011 3:30am Nov 11, 2011 3:30am
Quoting cloggie
You got it, so what does that tell you? Yup, the magic 3610 is still in play. Are you surprised?

The market knows when the ECB is stepping in (and so should you, the fingerprints are all over the place).

What the market know wants to know is whethere they are here for the long run or are just in panic mode. Why did the peg of the swissy work so well? Not because the SNB threw so much money at it, they hardly spend any at all, it was because they showed conviction. How convincing is the ECB. They are good, but will the politicians allow them to...
Exactly, SNB is a powerful player, all they usually need is a well-controlled leak to the newspapers (sometimes open announcement) and the market cares about everything for them because noone doubts SNB conviction.

Just compare it with those ridiculous intervention attempts of BOJ recently...

I am very curious how Draghi will carry on, it must be hard to take over the baton from JPT...
Quant Hedge Fund CEO
  • #560,964
  • Nov 11, 2011 3:30am Nov 11, 2011 3:30am
Quoting FXMastermind
I get it you are watching DAX, S&P, CDS spreads, bond yields, news and PA itself at the same time
dont sell yourself short and forget the other euro indices. you can take a look at a basket index like the stoxx 50 too (not that i give it much recognition) but as you said its something that you can gain your own opinion of
  • #560,965
  • Nov 11, 2011 3:31am Nov 11, 2011 3:31am
Quoting taxe91
wasnt thinking of shorting it, to be honest i actually trade the aussie i just hang out in this thread more because its actually active.

besides, the italian mib is clawing some of its gains back as i type this
i am thinking of shorting it, just not now

Need more confirmation / rejection of "some" levels.

need to focus... bye
  • #560,966
  • Nov 11, 2011 3:31am Nov 11, 2011 3:31am
Quoting taxe91
dont sell yourself short and forget the other euro indices. you can take a look at a basket index like the stoxx 50 too (not that i give it much recognition) but as you said its something that you can gain your own opinion of

And the EBI is always a good one to keep to hand.
  • #560,967
  • Nov 11, 2011 3:33am Nov 11, 2011 3:33am
Quoting cloggie
Now the market decides whether we will play a continuation or a reversal.

She is still thinking. All the traders are looking at each other to see who is going to blink first.

Textbook day so far.
  • #560,968
  • Nov 11, 2011 3:35am Nov 11, 2011 3:35am
Quoting cloggie
All we need now is this consolidation area here of the London break to give. Play it one set of areas at a time.

So far we have had a textbook day, a Franky fake, a good London break followed by a consolidation. Now the market decides whether we will play a continuation or a reversal. The correlation still points up.

Thanks for all your help. People who say they aren't learning anything from your posts are totally blind.
  • #560,969
  • Nov 11, 2011 3:35am Nov 11, 2011 3:35am
Cable is showing a decent setup here. EU is still thinking.
  • #560,970
  • Nov 11, 2011 3:36am Nov 11, 2011 3:36am
Quoting cloggie
Correlated markets holding steady, 3610 is safe. 3697 still in sight.
if 3679 breaks by any pip then the correction can go much high or even reversal attempt possible . bear may die /false break HS daily then & similar reactions of rejection of more or less same 600 pips movement !! eurozone not seem ready for . anyway more /extended turmoils with much bigger ranges at least evolve .

so your 3606 is the key level , up or down ultimately , down confirmation may need at least 3577 breaks .
thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #560,971
  • Nov 11, 2011 3:38am Nov 11, 2011 3:38am
Got some trading to do here. I'll let the muppets have the floor for a while here. At least they know I will leave them alone for a bit.
  • #560,972
  • Nov 11, 2011 3:38am Nov 11, 2011 3:38am
2 giant needle on the 15m mark , retracement will not be on the 50.0

1.3690 possible downturn.

Quote
when i was shouting rally rally , someone was asking me where is it , well here it comes!!
  • #560,973
  • Nov 11, 2011 3:44am Nov 11, 2011 3:44am
Quoting fontu
if 3679 breaks then the correction can go much high or even reversal attempt possible . bear may die /false break HS daily then & similar reactions of rejection of more or less same 600 pips movement !! eurozone not seem ready for . anyway more /extended turmoils with much bigger ranges at least evolve .
thanks ,
fontu
Hi fontu, hi rest of traders,

If this happens, I am going to get seriously burned for 2% and possibly have a heart attack. I hope this wont happen. I have some underwater shorts from yesterday at 361x and now added some more at 3666.

Right now I am focusing 3666 - 3689 zone, which I see as heavy ressistance.

People aroung FF are really disturbing me with points like 371x and higher. Hard to concentrate, maybe I should stop coming here untill I close those trades.

Good luck,

T.
"I know one thing, that I know nothing." Sokrates
  • #560,974
  • Nov 11, 2011 3:47am Nov 11, 2011 3:47am
Quoting mercy seat
Sell the rallies ... that is what I do prefer today ...

Partial profits again ...

At 1.36427 ...

+ 20 Stellen profit again ...



;-|

Re-loaded some short pos. at 1.3659 again ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #560,975
  • Nov 11, 2011 3:48am Nov 11, 2011 3:48am
Quoting fontu
if 3679 breaks by any pip then the correction can go much high or even reversal attempt possible . bear may die /false break HS daily then & similar reactions of rejection of more or less same 600 pips movement !! eurozone not seem ready for . anyway more /extended turmoils with much bigger ranges at least evolve .

so your 3606 is the key level , up or down ultimately , down confirmation may need at least 3577 breaks .
thanks ,
fontu
yes

Quoting Tom_D_Trader
Hi fontu, hi rest of traders,

If this happens, I am going to get seriously burned for 2% and possibly have a heart attack. I hope this wont happen. I have some underwater shorts from yesterday at 361x and now added some more at 3666.

Right now I am focusing 3666 - 3689 zone, which I see as heavy ressistance.

People aroung FF are really disturbing me with points like 371x and higher. Hard to concentrate, maybe I should stop coming here untill I close those trades.

Good luck,

T.
yes Tom.. he is right..


and this is my comment
Quoting smilemiz
for EURUSD

I am afraid from the top Oct27th till bottom Nov10th is correction
because the price(wave movement/form) is too fast.

But overall still bearish ....
DONT WORRY



bye
link:
http://www.forexfactory.com/showthre...52#post5124552
  • #560,976
  • Nov 11, 2011 3:49am Nov 11, 2011 3:49am
Quoting Tom_D_Trader
Hi fontu, hi rest of traders,

If this happens, I am going to get seriously burned for 2% and possibly have a heart attack. I hope this wont happen. I have some underwater shorts from yesterday at 361x and now added some more at 3666.

Right now I am focusing 3666 - 3689 zone, which I see as heavy ressistance.

People aroung FF are really disturbing me with points like 371x and higher. Hard to concentrate, maybe I should stop coming here untill I close those trades.

Good luck,

T.
i think 2% is a good % for sl. why don't you use sl? i've learned my lesson the hard way cos "dollar cost averaging" doesn't work in forex trading....
  • #560,977
  • Nov 11, 2011 3:51am Nov 11, 2011 3:51am
Quoting Tom_D_Trader
Hi fontu, hi rest of traders,

If this happens, I am going to get seriously burned for 2% and possibly have a heart attack. I hope this wont happen. I have some underwater shorts from yesterday at 361x and now added some more at 3666.

Right now I am focusing 3666 - 3689 zone, which I see as heavy ressistance.

People aroung FF are really disturbing me with points like 371x and higher. Hard to concentrate, maybe I should stop coming here untill I close those trades.

Good luck,

T.
Me also short from yesterday top & not closed those 75 pips as wanted keep it for future but some serious scnerios just shaking the intention long term & so will close above 3600 next , may try it again to top but still hope not any success to break 3679 , hard & last stop for bull . but will play conservative & next short after confirmation only , not to worry beacuse it will continue more more down that time IF .
No worry much , hope all will be done perfect , only why to believe what still not actually .watch 3606 & 3577 . below 3600 the intervention theory/bull fear may be gone .
take care .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #560,978
  • Nov 11, 2011 3:56am Nov 11, 2011 3:56am
Quoting happytrader
i think 2% is a good % for sl. why don't you use sl? i've learned my lesson the hard way cos "dollar cost averaging" doesn't work in forex trading....
I use SL but usually @ 0,2 - 0,6%. I am just heavily convinced of bear now so I am loading more and more shorts.

T
"I know one thing, that I know nothing." Sokrates
  • #560,979
  • Nov 11, 2011 3:59am Nov 11, 2011 3:59am
Quoting fontu
Me also short from yesterday top & not closed those 75 pips as wanted keep it for future but some serious scnerios just shaking the intention long term & so will close above 3600 next , may try it again to top but still hope not any success to break 3679 , hard & last stop for bull . but will play conservative & next short after confirmation only , not to worry beacuse it will continue more more down that time IF .
No worry much , hope all will be done perfect , only why to believe what still not actually .watch 3606 & 3577 . below 3600 the intervention...
Quoting Tom_D_Trader
I use SL but usually @ 0,2 - 0,6%. I am just heavily convinced of bear now so I am loading more and more shorts.

T

i give my Trendline View..

clean and simple

Explaination:http://www.forexfactory.com/showthre...93#post5124593
Attached Image
  • #560,980
  • Nov 11, 2011 4:01am Nov 11, 2011 4:01am
Quoting fontu
Me also short from yesterday top & not closed those 75 pips as wanted keep it for future but some serious scnerios just shaking the intention long term & so will close above 3600 next ...
I have the same feelings and already set TP to half of those shorts to 3605, so I will lower my risk to 1%.
"I know one thing, that I know nothing." Sokrates
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