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  • #648,141
  • May 27, 2012 6:22pm May 27, 2012 6:22pm
I have to run now and I don't have time for an appropriate response.. Anyway, the post was in response to most of yours this evening which I think were full of hot air... You said the options first... Just to clue you in on Friday there was an U.S. name selling at 2600, and btw the ECB bought the bottom at 2490ish.. I don't think the 2600 moved anything, the Catalonian news did.. Anyway, wasting my time here. Good trading all.

Quoting forextraderx
you must have missed the part where I said "spain"... I didn't clarify with Catalonia asking for money, because I honestly couldn't tell if your flippancy was purely rhetorical, or if there was a deeper question there.
But again, I don't trade if I don't have a high degree of conviction, so any reasoning I could give you really wouldn't matter because it wasn't something I was watching closely at the time of the drop.

If you had started with your premise that any speculation/prediction is worhtless in this environment, I would have given...
  • #648,142
  • May 27, 2012 6:22pm May 27, 2012 6:22pm
Quoting Purple
Great posts forextraderx .... ita very rare when we see someone new coming to this forum which such insight of markets. Please keep up the good posts..
Wow... I didn't even notice that.

Welcome forextraderx
  • #648,143
  • May 27, 2012 6:25pm May 27, 2012 6:25pm
Quoting forextraderx
well, its losing momentum.... and starting to drop under a 5 min TL... next stop down would be 50-55... I'm not crazy about these recent developments, but long I have will be net profitable regardless, so i'm not concerned either way. Keeping an eye out for the 2600+ level for now for the next possible setup.

X

I think if we fill this gap and than go higher from here than we might see it going to 126.85 and possibly higher in aggressive short covering.. But if it just shoots higher from here than we might see a resistance at higher RSI level on hourly/4hr and fall from there below 125 .. Its gave a confirmation close last week.. So any bounce right now can only be retracement unless it falls back to last low and goes back up from there for a brief trend change..
  • #648,144
  • May 27, 2012 6:26pm May 27, 2012 6:26pm
I'm not trading this but daily shows 24614 on my chart. That's my pro bono work here. Later..
  • #648,145
  • May 27, 2012 6:29pm May 27, 2012 6:29pm
Well...looks like tahts it for the move up... here comes 2550ish
  • #648,146
  • May 27, 2012 6:30pm May 27, 2012 6:30pm
Well...looks like that could be it for the move up for now... 2550ish may be up pretty soon here
  • #648,147
  • May 27, 2012 6:45pm May 27, 2012 6:45pm
Quoting forextraderx
Well...looks like that could be it for the move up for now... 2550ish may be up pretty soon here
It is monday, is not the best day to consider trading, but for addicts, eu sister kiwi and aussie arecruising into nice resistances, if they is start rejecting, is good chance eu will follow, they have been ranging since last thursday, so any trade should be keep tight reins, and play ranges until bo. they has been building bear flags 1hr,nearly at top tl now, is my 2cents Trade safe peoples
If you are new to Forex? Say Goodbye to your account!!
  • #648,148
  • May 27, 2012 6:48pm May 27, 2012 6:48pm
Quoting KiwiTrada
It is monday, is not the best day to consider trading, but for addicts, eu sister kiwi and aussie arecruising into nice resistances, if they is start rejecting, is good chance eu will follow, they have been ranging since last thursday, so any trade should be keep tight reins, and play ranges until bo. they has been building bear flags 1hr,nearly at top tl now, is my 2cents Trade safe peoples
On those resistances on the other pairs (If you can). I always look at your posts bro (lol) ..thanks
  • #648,149
  • May 27, 2012 7:13pm May 27, 2012 7:13pm
Quoting quidproquo
On those resistances on the other pairs (If you can). I always look at your posts bro (lol) ..thanks
haha I am updating todays zone now, waiting for the 2nd to last to print, but
eu cruised into last thursdays zone 2560 - 2582
au almost to last mondays zone 9832 - 9851
kiwi last monday 7565 - 7596

cable and geppy have reacted the best so fer today

but can add 1hr rising channels / bear flags eu au kiwi close to or tapping utl , 1hr 200sma cominging into play also, physc levels everything coming into play,

is important to remember is getting close to monthly end, often quite volatile times, monthly traders mostly bigger players will be looking to either take profit, and/or preparing for next months trade plans,

personally is good time to get out little timeframes, and check higher tf candles first.

I will post todays zones, when printed, bro, hope they is help you,
If you are new to Forex? Say Goodbye to your account!!
  • #648,150
  • May 27, 2012 7:19pm May 27, 2012 7:19pm
Hmmmm........
Attached Image (click to enlarge)
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Time turns trend. - W.D. Gann
  • #648,151
  • May 27, 2012 7:21pm May 27, 2012 7:21pm
I took some advice you gave to another poster a couple of months ago....and really changed my strategy significantly and it pulled me out of where I was (getting my ass kicked)....so yah you could say your posts have helped ..lol
  • #648,152
  • May 27, 2012 7:49pm May 27, 2012 7:49pm
This shit has broken 1.2550 but failed to break 1.2580.

Close above 1.2580 will be good for longs and close below 1.2550 will be good for shorts. Once said that, I ask you: Close on what timeframe? 1H, 4H or Daily? I follow 4H for short term trading.
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #648,153
  • May 27, 2012 7:51pm May 27, 2012 7:51pm
Quoting attila
I have to run now and I don't have time for an appropriate response.. Anyway, the post was in response to most of yours this evening which I think were full of hot air... You said the options first... Just to clue you in on Friday there was an U.S. name selling at 2600, and btw the ECB bought the bottom at 2490ish.. I don't think the 2600 moved anything, the Catalonian news did.. Anyway, wasting my time here. Good trading all.
Your really pressing hard on this whole friday action thing... which I already freely admitted that I wasn't paying much attention to, and therefore didn't trade. I also previously stated my response to your comment was essentially an afterthought... and therefore quite minimal. But I did choose 2 things to mention... options and spain. Seems we both agree the catalonian news played the catalyst in fridays move downward, but you'd rather not acknowledge that, because in doing so you've built your hypothesis of my being "full of it" on a singular premise that revolved around you believing you knew what caused the move down on friday, and someone who is full of hot air would obviously not know that...

but you make a offhanded comment, and in your attempt to validate it by proving an insight you had that I lacked... you found that your attempt to validate it fell short.

Meanwhile, you still haven't addressed the issue that your entire view of my being full of $**t is based on, essentially, you disagreeing with my view of the factors influencing the market, and it's being exaggerated because you don't like the way I express it.

Why not just say that? Why paint yourself into a corner by seeing me as ignorant, and yourself as informed, and then build a potential proof to that idea to vindicate yourself...when that proof you were attempting to validate could and has fallen short?

You didn't need to tie a sense of your own superiority up in all this nonsense.... that's a very fragile business, particularly when dealing with unknowns... in this case being me.

And Atilla, i've seen you around... your a very good trader! Of that I have no doubt. But to read a few posts of my thoughts, and then somehow conclude that not only are they wrong, but they are what define me as a whole, and you will then validate your belief of me being "an idiot" by proving your intellectual or informed superiority in some trite pissing contest of "who knows the really real reason for move XYZ on friday?"
As if a singular instance would even prove a darn thing....

and that being said... for someone i've seen as logical, informed, and somewhat emotionally collected, your interaction with me has been almost the polar opposite... highly emotionally charged, ego vindicating, and for no other reason that you disagreed with me.

Anyway, respond if you see reason to. This entire exchange is likely completely insignificant to either you or me.

The reason for me responding at all was partially because I do respect you as a trader, and I found such a contrast between my observations of you and your initial comment to me that I wanted to understand where this surprising discrepency was coming from.... but the primary reason is because I loathe bullies, and you've displayed yourself as an intellectual bully for no reason that your own emotional vindication. And I want you to know... that I know that now.

Good luck in the markets,
I'm sure we'll both get exactly what we want.

X
  • #648,154
  • May 27, 2012 8:01pm May 27, 2012 8:01pm
waiting for chance .
Attached Image (click to enlarge)
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A chart helps those who can read it.
  • #648,155
  • May 27, 2012 8:36pm May 27, 2012 8:36pm
i am 1st partial sell eu, pa above todays zones so am going to defend thursdays level 2582 sl 2602

looking similar au 9843 kiwi 7616

other than these partials will be waiting pa come back into todays zones, have no desire to hunt shorts above here, for a while
If you are new to Forex? Say Goodbye to your account!!
  • #648,156
  • May 27, 2012 8:42pm May 27, 2012 8:42pm
Quoting KiwiTrada
i am 1st partial sell eu, pa above todays zones so am going to defend thursdays level 2582 sl 2602

looking similar au 9843 kiwi 7616

other than these partials will be waiting pa come back into todays zones, have no desire to hunt shorts above here, for a while
what you got for T/P anyway?
  • #648,157
  • May 27, 2012 8:53pm May 27, 2012 8:53pm
Quoting KiwiTrada
i am 1st partial sell eu, pa above todays zones so am going to defend thursdays level 2582 sl 2602

looking similar au 9843 kiwi 7616

other than these partials will be waiting pa come back into todays zones, have no desire to hunt shorts above here, for a while
2nd partial added au 9855 sl 9875
If you are new to Forex? Say Goodbye to your account!!
  • #648,158
  • May 27, 2012 9:03pm May 27, 2012 9:03pm
Expecting AU to fall from 0.9870-80 that has 100 EMA on 4HR and weekly R1 and then might test 0.98 again
Also EURAUD has broken daily trendline to downside so AUD will rise more than EUR on any risk off news...
Significant Offers on AUDUSD noted only above 0.9925 acc to forexlive..
I am planning to go short initially at 0.9870 and target 0.9825....
  • #648,159
  • Edited 10:24pm May 27, 2012 9:16pm | Edited 10:24pm
What happened?

Did they discover Uranium deposits in Greece or what?
The Thief of Wall Street
  • #648,160
  • May 27, 2012 9:22pm May 27, 2012 9:22pm
Quoting kkeskar92
Expecting AU to fall from 0.9870-80 that has 100 EMA on 4HR and weekly R1 and then might test 0.98 again
Also EURAUD has broken daily trendline to downside so AUD will rise more than EUR on any risk off news...
Significant Offers on AUDUSD noted only above 0.9925 acc to forexlive..
I am planning to go short initially at 0.9870 and target 0.9825....
I'm always leery of fading a breakout before price has managed to move at least 100% the width of the range prior to breakout, and before it has at least matched a previous significant swing high or low (in this case, the offers around the 25 make sense, as the 35ish is a significant swing high)

That would happen to be a price that is both approx. 100% of the width of the area of consolidation, AND a priori significant swing high...

Just something to consider...
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