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  • #595,081
  • Edited 2:24pm Feb 14, 2012 12:43pm | Edited 2:24pm
Quoting duca
61.8 fibo
this is my perspective for few days.
I strongly believe we have long way to going up. however we have on stage of retrace, Therefore, let me speculate this situation with objective mind
my game plan go down to 75% and will wait for signal from there...
  • #595,082
  • Feb 14, 2012 12:44pm Feb 14, 2012 12:44pm
This Junker demand too much. Political assurance, is it even exist.

CHICAGO (MarketWatch) -- Eurogroup President Jean-Claude Juncker said Wednesday that while he welcomes an agreement on a loan package for Greece, "further technical work" is needed before a final deal is cut. Among his concerns are the closure of a $426 million fiscal gap in 2012 and the lack of "the required political assurances from the leaders of the Greek coalition parties on the implementation of the program." He will convene a conference call of finance ministers Wednesday to discuss the problems and then will hold the regular meeting on Monday.
  • #595,083
  • Feb 14, 2012 12:45pm Feb 14, 2012 12:45pm
Quoting Getthepips
Terrible call. If you think this is the bottom. No way. We will see at least 3080 area before i goes up again.
Well maybe if you drew a channel on H1 properly, youīd see why I consider it a good call.

Anyway, do your best...

Btw I donīt say we wonīt see 80, I just donīt operate with 10 pips SL in such market, thatīs all.
Quant Hedge Fund CEO
  • #595,084
  • Feb 14, 2012 12:50pm Feb 14, 2012 12:50pm
This is the primary way I trade and have done quit well for the last four years. I wait for a 20 and 50 EMA cross in the direction of the main trend. Once that happens I draw the fibs and wait for a retrace to the 50% or thereabouts, especially trying to retest the 50 EMA and go either short or long. In this case it was short.

If you look at yesterdays drop the rise to 3215 or whatever was almost a 50% retrace from that as well. I live by FIBS always have. Most of the time i saty in the trade until it hits the fib target or a major support level or until the PA closses above or below after the lines recross.

That's how I trade in a nutshell, and IT WORKS!!!
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  • #595,085
  • Feb 14, 2012 12:51pm Feb 14, 2012 12:51pm
Well guys this week is going to be one of my best - beware with your long price confirmed wedge reversal pattern on 4H
  • #595,086
  • Feb 14, 2012 12:54pm Feb 14, 2012 12:54pm
Quoting Getthepips
This is the primary way I trade and have done quit well for the last four years. I wait for a 20 and 50 EMA cross in the direction of the main trend. Once that happens I draw the fibs and wait for a retrace to the 50% or thereabouts, especially trying to retest the 50 EMA and go either short or long. In this case it was short.

[font=Comic Sans MS][color=blue]If you look at yesterdays drop the rise to 3215 or whatever was almost a 50% retrace from that as well. I live by FIBS always have. Most of...
Nice.
You can remain irrational longer than you can remain solvent.
  • #595,087
  • Feb 14, 2012 12:58pm Feb 14, 2012 12:58pm
Quoting FXMastermind
Well maybe if you drew a channel on H1 properly, youīd see why I consider it a good call.

Anyway, do your best...

Btw I donīt say we wonīt see 80, I just donīt operate with 10 pips SL in such market, thatīs all.
I was not questioning your trading at all my friend, i am sure your a good trader, maybe i should not have said bad call. After all you might be right the price always has to bounce of somewhere right?
  • #595,088
  • Feb 14, 2012 12:58pm Feb 14, 2012 12:58pm
Quoting Getthepips
[font="Comic Sans MS"][color="Blue"]This is the primary way I trade and have done quit well for the last four years. I wait for a 20 and 50 EMA cross in the direction of the main trend. Once that happens I draw the fibs and wait for a retrace to the 50% or thereabouts, especially trying to retest the 50 EMA and go either short or long. In this case it was short.

If you look at yesterdays drop the rise to 3215 or whatever was almost a 50% retrace from that as well. I live by FIBS always have. Most of the time i saty in the trade until it...
Great strategy! Thanks for sharing ;-)
  • #595,089
  • Feb 14, 2012 12:59pm Feb 14, 2012 12:59pm
It's going to reach around 1.3060 bottom ..But we will see.
  • #595,090
  • Feb 14, 2012 1:03pm Feb 14, 2012 1:03pm
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Daytrader
  • #595,091
  • Feb 14, 2012 1:04pm Feb 14, 2012 1:04pm
H4 closed below 40, confirmed break of its downward channel and also below w and m piv...

Looks like EUR is ready to get smashed again...

There might not be enough volume in the market to give it some proper momentum short term but this is a quite serious bearish candle.

Iīd like to see a failed test of 27 now for confirmation...
Quant Hedge Fund CEO
  • #595,092
  • Feb 14, 2012 1:04pm Feb 14, 2012 1:04pm
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
. Jean-Claude Juncker
. After the cautious skepticism of Angela Merkel suffered the vote in parliament on austerity measures, and the dramatic consequences in the guerrilla war that led to the choice of the streets of Athens, Greece to the EU commission has not yet fulfilled all the conditions prescribed by 'Europe to get new aid, and avoid default, and then the Eurogroup meeting agenda for Wednesday, February 15 is expected to be taken only by teleconference in order to evaluate decisions. To make it known was the President of the Eurogroup Jean Claude Juncker in a statement.
MUST STILL FIND THE 325 MILLION FOR 2012. "I have received from party leaders of the Greek ruling coalition claims on insurance policies of the plan 'agreed with the EU Troika-ECB-IMF, Juncker wrote, adding that the conference is intended to prepare the Eurogroup on Monday February 20, already scheduled for some time. "We need more technical work between the Troika and Greece in many areas, including the analysis of debt sustainability, and we still find the 325 million savings to be made in 2012," concluded the President of 'Eurogroup.
BUT THE PARTIES HAVE SIGNED THE LETTER OF COMMITMENT. Meanwhile, Mega TV, however, revealed that the letter of commitment from political leaders on the Greek in the future implementation of austerity measures was signed by Giorgos Papandreou (PASOK) and Antonis Samaras (New Democracy) and is in the hands of Prime Minister Lucas Papademos. This is one of the conditions for the release of the loan. According to new rumors already circulating rumors that confirm the 325 million additional cuts are expected to be a defense, pensions, expenses for medicines.

Tuesday, February 14, 2012
give 1 and get 100
  • #595,093
  • Feb 14, 2012 1:07pm Feb 14, 2012 1:07pm
Hey guys!

Happy Valentine's day! Based on how i see the market on the 1D TF, there is a potential for market to re-test 1.306XX & 1.303XX. From what I see is that market might touch support at 1.306XX/1.303XX before continuing the bullish trend.

However should the market manage to break through 1.303XX then we might see a short-term bearish trend taking over.

What do you guys think about this?
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  • #595,094
  • Feb 14, 2012 1:10pm Feb 14, 2012 1:10pm
Quoting FXMastermind
H4 closed below 40, confirmed break of its downward channel and also below w and m piv...

Looks like EUR is ready to get smashed again...

There might not be enough volume in the market to give it some proper momentum short term but this is a quite serious bearish candle.

Iīd like to see a failed test of 27 now for confirmation...
GMT00?
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #595,095
  • Feb 14, 2012 1:11pm Feb 14, 2012 1:11pm
Quoting Deadpoet87
Hey guys!

Happy Valentine's day! Based on how i see the market on the 1h TF, there is a potential for market to re-test 1.306XX & 1.303XX. From what I see is that market might touch support at 1.306XX/1.303XX before continuing the bullish trend.

However should the market manage to break through 1.303XX then we might see a short-term bearish trend taking over.

What do you guys think about this?
Well if it breaks 3030 it will hardly be short term bearish trend. It would be the continuation of a bearish trend that started last week .
  • #595,096
  • Feb 14, 2012 1:17pm Feb 14, 2012 1:17pm
Retesting 3100 lets see if it will hold this time.
  • #595,097
  • Feb 14, 2012 1:18pm Feb 14, 2012 1:18pm
  •  ednei1
  • | Joined Nov 2011 | Status: Adjust the sails we will navigate | 61 Posts
Still waiting 1.3089, stop at 1.3130, if not come by the lack of volume, ok green pips for the day :-).

Quoting ednei1
My target - 1.3089 !
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  • #595,098
  • Feb 14, 2012 1:18pm Feb 14, 2012 1:18pm
Quoting Getthepips
Well if it breaks 3030 it will hardly be short term bearish trend. It would be the continuation of a bearish trend that started last week .
Yes! you are right, thanks for your input, i didnt see the weekly chart.
Could be high chance for a strong bearish trend to appear once 3030 is broken.
  • #595,099
  • Feb 14, 2012 1:20pm Feb 14, 2012 1:20pm
Quoting FXMastermind
Well maybe if you drew a channel on H1 properly, youīd see why I consider it a good call.

Anyway, do your best...

Btw I donīt say we wonīt see 80, I just donīt operate with 10 pips SL in such market, thatīs all.
If you read my previous post you will see how I trade. I dont draw channels or look at 5 different charts. Thats way to much analysis. I keep it simple and trade moving average crosses and to fib levels and it works very well for me. Trying to evaluate 4 different level of timeframe charts is for the birds. I like to keep it simple and not to predict where the market is going to go but act on what its doing at the exact time.
  • #595,100
  • Feb 14, 2012 1:23pm Feb 14, 2012 1:23pm
Bloody hell this feels heavy,if we can't break
lower with so much negative sentiment today
i'd be shocked.
I'm flat though,just watching.
You can remain irrational longer than you can remain solvent.
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