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  • #650,801
  • Jun 2, 2012 3:58am Jun 2, 2012 3:58am
Quoting Dane
The words of Erubus should be read and understood intimately!!!

I have been on this and other forums for years. I have been actively trading live accounts profitably for at least 5 years now.

One thing I find annoying is the posters on this and other forums who keep declaring nothing but positive trades after the fact.

Listen closely you meat heads;

I for one, and I know there are others, don't want to be distracted by your bullshit posts!!!

That being said and for the benefit of the new ones to Forex, if you're able to provide...
Must admit that you're positively right. That's why I always post my trading plan in the morning, and have a Q&A session with some fellow traders in whose analysis I trust, personally.

Great minds think alike, or so they said.
Please, just slap me around if I'm being silly ...
  • #650,802
  • Jun 2, 2012 4:59am Jun 2, 2012 4:59am
Quoting mv6
buy e/u 2352 sl 2302 tp 2502
sl -50p
More on my Blog...
  • #650,803
  • Edited 5:36am Jun 2, 2012 5:16am | Edited 5:36am
Quoting tightscalper
I agree Long term eur still is bearish. The pair was due for a pull back so it can continue down. Just a matter of time. There aren't any fundamentals to back a eur rise.
such period, technical may not be helpful and can really burns. When daily or even 4hrly rsi and other indicators said its heavily oversold when it reaches first point in 1.26 . look at weekly charts for answers, there are time it went down like crazy without pull back. same for te month in end april when gbpusd went up like crazy into 1.63 without pull back from 1.56

but with a slight pull back into 1.28

it head down to 1.2290.

More or less the market currently should be fuel more by fundamental, trading technical can only burns.

We saw a strong rejection from 1.2290 into 1.2430 closing on a friday, after touching a bottom of 1.2290

Either by profits taking, pending long orders, and reduce of short orders, and with more long orders stacking after profits taking on shorts from 1.28 into 1.23 zone.

the sudden gold surge due to poor us data help reduce the over bullishness of usd lately, which sends other currency higher not because they are bought, but a sudden reduce of usd demand.

looking at stocks and oil, it still remained suffering.

gold is very stubborn, its always 1 direction, once its move, it can move unstoppable up or low.

eur rally is likely to cap within 1.25 or 1.26 max. because more speculation on the greece exit and spain drama to come.

a common eur bond will only force german out earlier.

the likeliest support should be at 1.18 area.

--------------------------------
when the re-test of bottoming always appears during new york trading hours after europe closing, it re-tested 1.26 and down into 1.25 following a down into 1.24 and finally touches 1.2290 yesterday.

I was stupid enough to hold a buy trade on 1.27 area and best of all without a stop loss because i didn't expect new yorks hours to be more volatile when i goes to sleep, for 1 whole week it tumbled from 1.28 into 1.23 within 8 days and that's really hurtful, when it pull back into 1.28, and for that i burned over 400 pips. luckily my that buy position is a small lot size, i burns only my profits earning. while i short from other point to point and become more hesitant of buying this pair when i cannot sleep in peace anymore.

my reason without a stop loss for that trade was i didn't expect new york after Europe closing to be that volatile.

Most times or not in the past months, new york is known for dead and flat.
  • #650,804
  • Jun 2, 2012 8:44am Jun 2, 2012 8:44am
http://forex-chartanalysis.blogspot.de/
  • #650,805
  • Jun 2, 2012 9:26am Jun 2, 2012 9:26am
Hi guys,

Current EW situation.

More on my blog.
http://elliottfxtrader.blogspot.com/

Seb
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd ew h1.jpg Size: 119 KB
  • #650,806
  • Jun 2, 2012 10:32am Jun 2, 2012 10:32am
Quoting Dane
The words of Erubus should be read and understood intimately!!!

I have been on this and other forums for years. I have been actively trading live accounts profitably for at least 5 years now.

One thing I find annoying is the posters on this and other forums who keep declaring nothing but positive trades after the fact.

Listen closely you meat heads;

I for one, and I know there are others, don't want to be distracted by your bullshit posts!!!

That being said and for the benefit of the new ones to Forex, if you're able to provide quality analysis...
Well put
  • #650,807
  • Jun 2, 2012 10:54am Jun 2, 2012 10:54am
Quoting 5percent
eur rally is likely to cap within 1.25 or 1.26 max. because more speculation on the greece exit and spain drama to come.

a common eur bond will only force german out earlier.

the likeliest support should be at 1.18 area.
I can see the euro going quite a bit higher, about 1.7xx-1.28, I very much doubt it will EVER go back over 1.30

But yes followed by a huge plunge.
  • #650,808
  • Jun 2, 2012 11:21am Jun 2, 2012 11:21am
Short-term, i.e. Monday = Bullish

Range for Mon : 1.2360 -1.2500

Buy Entry Plan: 1.2360-1.2375

TP: 1.2480 -1.2500
  • #650,809
  • Jun 2, 2012 2:34pm Jun 2, 2012 2:34pm
Quoting Erebus
The reason so may traders are attracted to predicting is because they hold out the appealing notion that you can know the market's future direction and therefore control your own trading destiny.

They project an appearance of certainty for the future. The predictions present an illusion of knowledge, which in turn presents an illusion of control.

These illusions lead to a surplus of optimism and confidence.

Looking forward to more of your "prevision & opinion trades" .... and I'm sure the market is too!

But be...
And I posted them.. here: http://www.forexfactory.com/showthre...45#post5720645

.2332 + 100 pips is .2432
  • #650,810
  • Jun 2, 2012 7:13pm Jun 2, 2012 7:13pm
Quoting rosssurf
What type of gap are you expecting?
It depends on the overall sentiment and fundimentals that might occur over the weekend.

Sentiment --
Positive Sentiment - But fading very quickly
1) EUR is the next reserve currency after the USD. This is what has driven the EUR up so significantly when the USD went through major pooo. It is also what gives the EUR such strong rebounds as it approaches all time LOWs.

Negative Sentiment - Gaining momentum.
2) EUR - Greece is stuffed. Spain is at 6.53% on the 10 year bond yields and heading upwards, if they reach 7% this could be extremely bad for the entire EUR zone. Plus Ireland, Romania, Malta, Italy and most of the Eastern states are very negative contributors to the EUR. Germany holds them up. The EUR are in desperate need of a combined 10 year bond as Germany is so strong and has such a large individual economy that this would stabilise the EUR.

If anything occurs negative over the weekend expect the quotes on the EUR to drop massively, particularily if it is Greece or Germany the biggest negative and positive contributors to the EUR at the moment.

Otherwise expect the quotes to go up in the typical rebound way. Before a drop later.

In otherwords leaving your trades open across the weekend on the EUR is any person's guess as to whether you will have an account come Monday.

Even big financial institutions like to wrap their trades up for the weekend.
  • #650,811
  • Jun 2, 2012 7:23pm Jun 2, 2012 7:23pm
However, with EJ you also have the alternative that central bank of Japan will intervene, as they like to devalue their currency so that people can buy their goods.

if the central bank intervenes than the EJ will rebound back up significantly.
  • #650,812
  • Jun 2, 2012 8:04pm Jun 2, 2012 8:04pm
Greece “is unravelling,” and ever-more aid cannot deliver the new beginning that Greece needs, said Nikolaus Blome, Bild’s chief political columnist. The Greek state “must be rebuilt, like in a developing nation,” he said. “Someone among the euro- zone leaders must finally tell the Greeks the truth: this fresh start can only be achieved with a radical first step. And that means leaving the euro.” (Bloomberg)......
I appreciate that EUR is unlikely to last too long at this level, and the more you grow .... an opinion ...
  • #650,813
  • Jun 2, 2012 9:18pm Jun 2, 2012 9:18pm
Quoting iNUKE
And I posted them.. here: http://www.forexfactory.com/showthre...45#post5720645

.2332 + 100 pips is .2432
Personally, I am still learning how to not feel so personally hit or affected by criticism and misunderstanding. I think I understand the spirit in which you made the original post, and even showed a picture. I'm not negating anything anyone wrote afterwards; I understand their wisdom.

I'm telling you what occurred to me finding this reply from you now: this person has it together. He does not cave and stands up for himself. Congratulations. Thank you for the good example for me.
  • #650,814
  • Jun 2, 2012 9:29pm Jun 2, 2012 9:29pm
Quoting 5percent
such period, technical may not be helpful and can really burns. When daily or even 4hrly rsi and other indicators said its heavily oversold when it reaches first point in 1.26 . look at weekly charts for answers, there are time it went down like crazy without pull back. same for te month in end april when gbpusd went up like crazy into 1.63 without pull back from 1.56

but with a slight pull back into 1.28

it head down to 1.2290.

More or less the market currently should be fuel more by fundamental, trading technical can only burns.

We...
i wasnt solely going of indicators... that gut feeling you get when something about due to pull back for another smash down. the price its moved in such a short time. also when price breaks a major point it normally pulls back then continues down. and there might not be a pull back on weekly charts but i used daily for my information as when im scalping i want to know what i expect to happen for the day not the week i want to know the average move will be in my direction before i enter ANY TRADES
  • #650,815
  • Jun 3, 2012 12:26am Jun 3, 2012 12:26am
here's what i see.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd analysis.png Size: 79 KB
  • #650,816
  • Jun 3, 2012 12:41am Jun 3, 2012 12:41am
Quoting 5percent
here's what i see.

hi everyone !!!
sorry for my question , but are there any live broker i can get the price changes over the weekend so far ?

appreciate your replies
thanks
“Don't cry because it's over, smile because it happened.â€Â
  • #650,817
  • Jun 3, 2012 12:42am Jun 3, 2012 12:42am
Quoting 5percent
here's what i see.
if you zoom out a bit you will see at 1.26 is a good resistance level. on daily chart atm im thinking it might pull back up to there. then go down again. but im waiting for it to turn and start trending again. maybe a few confusion trades. in the mean time of key levels. but i dont see this turning into long term bull movements . the run we just saw has a lot to do with the smart bears waiting for the pull back to make money and not fight the momentum. im also noticing that no one person has a real similar pt. And when you look at other charts im kinda astounded i mean gold, aus, all looking like they are ready for big moves up. gold moved 7000 points most of that in one hour
  • #650,818
  • Jun 3, 2012 12:43am Jun 3, 2012 12:43am
Quoting balanced2012
hi everyone !!!
sorry for my question , but are there any live broker i can get the price changes over the weekend so far ?

appreciate your replies
thanks
1.24345
  • #650,819
  • Jun 3, 2012 12:43am Jun 3, 2012 12:43am
Quoting balanced2012
hi everyone !!!
sorry for my question , but are there any live broker i can get the price changes over the weekend so far ?

appreciate your replies
thanks
check on oanda, download their mobile's apps, u can see live rates, but the spread is higher.

i see its at 1.24234 now.
  • #650,820
  • Jun 3, 2012 12:44am Jun 3, 2012 12:44am
Quoting Z Capitals
1.24345

thanks mate !!!

any insight for the coming week ?

i was short over the weekend !!
“Don't cry because it's over, smile because it happened.â€Â
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