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  • #665,801
  • Jul 5, 2012 10:42am Jul 5, 2012 10:42am
Quoting shmandi
trade tech and pay attention to fundies is the best way to go in my opinion

Like Peanut Butter and Jelly - You cannot have one without the other!
I don't trust any move - when you have profit...take it.
  • #665,802
  • Jul 5, 2012 10:54am Jul 5, 2012 10:54am
Quoting undertaker66
i guess eliott's waves dont always work

lol nothing works everytime - trading is all about probability. That same updated forecast has made me great money the last couple of weeks.

Just had a quick look to see what the updated daily forecast now looks like because it has changed with the breach of 1.240x today. We now have two options to trade as follows:

Daily has been correcting the 1.328x to 1.228x move and is in a simple ABC but the since it took out 1.240x it means we are still on wave B and not C.

It also means there is not a lot of room left to void the correction if 1.228x gets hit. Taking the todays current low as wave C start (I know not confirmed in anyway) it gives us a nice set of targets - see chart.

An alternative count that shows us in wave 5 of a 5wave pattern indicates two clusters of targets for me (see chart) and we have just nudged the first and it could be that this turns out to be a short 5th wave or that we could see a further drop towards 1.216x.

So my trading stance now is as long if todays low holds - short if broken .

I suspect tomorrow will give us some good direction
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  • #665,803
  • Jul 5, 2012 10:55am Jul 5, 2012 10:55am
Quoting 5percent
See my previous trade recommend entry @ 1.2687.

Don't be fool by fundamental. look at daily close for answers..

gg

Yes ...

But afterwards wisdom ...

And have a look ... #665084 ...

Meanwhile you posted this here ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #665,804
  • Jul 5, 2012 10:57am Jul 5, 2012 10:57am
Now what ECB can do in future, how much space left for them..... IF 0.75% and 0% are not work for EURO than what the future of euro 0. 66.................???
just live a life, don't be hard.
  • #665,805
  • Jul 5, 2012 10:58am Jul 5, 2012 10:58am
deleted buy stop and bought 2382.
  • #665,806
  • Jul 5, 2012 10:58am Jul 5, 2012 10:58am
Quoting MaxDoom
lol nothing works everytime - trading is all about probability. That same updated forecast has made me great money the last couple of weeks.

Just had a quick look to see what the updated daily forecast now looks like because it has changed with the breach of 1.240x today. We now have two options to trade as follows:

Daily has been correcting the 1.328x to 1.228x move and is in a simple ABC but the since it took out 1.240x it means we are still on wave B and not C.

It also means there is not a lot of room left to void the correction if 1.228x...
i, personally, dont believe in his theory on the daily timeframe
on much shorter timeframes - yes, h1- probably yes, h4, daily, monthly - nope
p.s. or i dont have enough imagination to conjure up such pictures
  • #665,807
  • Jul 5, 2012 11:00am Jul 5, 2012 11:00am
Quoting undertaker66
i, personally, dont believe in his theory on the daily timeframe
on much shorter timeframes - yes, h1- probably yes, h4, daily, monthly - nope

no worries you have to do what works for you
  • #665,808
  • Jul 5, 2012 11:00am Jul 5, 2012 11:00am
forex market is no different than the stocks only worst clear sign of manipulation u just have to use instincts technical do not apply the prroooof technicals do not apply is in open
  • #665,809
  • Jul 5, 2012 11:02am Jul 5, 2012 11:02am
Quoting MaxDoom
no worries you have to do what works for you
you know, when theres so much noise from fundamentals... i just dont even imagine it, prabably before 2008 there was less noise and clearer pictures, but now...
  • #665,810
  • Jul 5, 2012 11:04am Jul 5, 2012 11:04am
Quoting mercy seat
Yes ...

But afterwards wisdom ...

And have a look ... #665084 ...

Meanwhile you posted this here ...





;-|
Sell was was below 1.2540, i suggested a tight stop if you are going for long on intraday, i don't see how u don't understand this at all?

Apparently today's price yet to recover above 1.2540. So?

My recommended trade entry last friday was 1.2687, that's all. And i don't practise shooting everything on a single trade, i open multiple order at same region on the leverage i am comfortable with so i can make my decision later on.

Weekly EUR is bearish, so the close is more important, this could just be another market play out like for eg, 1.2450 shoot up to 1.2690 within 1 day last friday.

If i make an entry on buy here, i will lock a be trade as soon as i have a chance to do so, if not i am asking for 1.2280 again on daily and weekly timechart.

fundamental wise, let's see today's and tmr closing and weekly. I don't trade fundamental, maybe you do. But i am solely technical price action.
  • #665,811
  • Jul 5, 2012 11:05am Jul 5, 2012 11:05am
Quoting acacia357
forex market is no different than the stocks only worst clear sign of manipulation u just have to use instincts technical do not apply the prroooof technicals do not apply is in open
lmao. whateves dude.
  • #665,812
  • Jul 5, 2012 11:06am Jul 5, 2012 11:06am
Hello all, i see index dollar have meet a resist, EU too... many trader have perspective to buy EU right now, but for me i never buy until price in 1.21
But i wearied with nfp tomorrow, and what Fed thinking? more QE? arghh.. thats make me confuse..

how about master in here? have a same view or?


Pic
http://img29.imageshack.us/img29/8619/blogo.gif
AM Signal Provider
  • #665,813
  • Jul 5, 2012 11:12am Jul 5, 2012 11:12am
Quoting undertaker66
you know, when theres so much noise from fundamentals... i just dont even imagine it, prabably before 2008 there was less noise and clearer pictures, but now...
I think one is a natural reflection of the other, think about this..

Today ECB cut rates, EU sinks somewhat now some will have traded the news and gone short, whilst others would have watched their chart and gone short both are fine decisions....

what I am saying is what you see in the charts is a reflection of the fundemental expectations and outcomes, and charts highs and lows merely represent the different battles in the supply & demand cycle.

Some will say todays rate was obviously not priced in, I would argue that is wrong and that the expectation was priced in and the reality moved the price some more. If it had come out of the blue we would have seen a much much bigger change, so follow fundi follow charts it all works you just need a method and consistency.
  • #665,814
  • Jul 5, 2012 11:13am Jul 5, 2012 11:13am
GBPUSD good For Buy..
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  • #665,815
  • Jul 5, 2012 11:13am Jul 5, 2012 11:13am
hi all good to be back
any thing gooood happen while i was away
Trade What You See Not What You Want To See
  • #665,816
  • Jul 5, 2012 11:13am Jul 5, 2012 11:13am
Quoting 5percent
Sell was was below 1.2540, i suggested a tight stop if you are going for long on intraday, i don't see how u don't understand this at all?

Apparently today's price yet to recover above 1.2540. So?

My recommended trade entry last friday was 1.2687, that's all. And i don't practise shooting everything on a single trade, i open multiple order at same region on the leverage i am comfortable with so i can make my decision later on.

Weekly EUR is bearish, so the close is more important, this could just be another market play out like for eg, 1.2450...
Ok ...

#663511

Still on board?

Let us hear where you cover ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #665,817
  • Jul 5, 2012 11:17am Jul 5, 2012 11:17am
Quoting MaxDoom
I think one is a natural reflection of the other, think about this..

Today ECB cut rates, EU sinks somewhat now some will have traded the news and gone short, whilst others would have watched their chart and gone short both are fine decisions....

what I am saying is what you see in the charts is a reflection of the fundemental expectations and outcomes, and charts highs and lows merely represent the different battles in the supply & demand cycle.

Some will say todays rate was obviously not priced in, I would argue that is wrong and that...
  • #665,818
  • Jul 5, 2012 11:19am Jul 5, 2012 11:19am
Quoting MaxDoom
I think one is a natural reflection of the other, think about this..

Today ECB cut rates, EU sinks somewhat now some will have traded the news and gone short, whilst others would have watched their chart and gone short both are fine decisions....

what I am saying is what you see in the charts is a reflection of the fundemental expectations and outcomes, and charts highs and lows merely represent the different battles in the supply & demand cycle.

Some will say todays rate was obviously not priced in, I would argue that is wrong and...
But sometime what people say can change what our perspective and our decision, I think i need more confidence.. but i am afraid if i am in wrongway..
AM Signal Provider
  • #665,819
  • Jul 5, 2012 11:20am Jul 5, 2012 11:20am
Quoting heispark
Seeking opportunity to go short.... (5M). Needs some pullback.
#100241
those who can, do. those who cant, talk about those who can
  • #665,820
  • Jul 5, 2012 11:26am Jul 5, 2012 11:26am
Quoting mercy seat
Ok ...

#663511

Still on board?

Let us hear where you cover ...




;-|
my price action is tagged to dollar index. i don't have a dollar index chart. i look at forexpros.com.

The USD INDEX has a current resistance on 5hour at somewhere near 83.08.

So any buy entry thinking to buy @ support would be during US index reaches this level, as spot earlier @ 1.2362-1.2365 area depending on your broker.

If you entered a buy here, its strongly recommended due to retracement, i don't say EUR will up or down from here. If you are a conservative trader, you can choose to take a high probability trade at this level on a Buy. As repeated i am a technical trader, i don't really care about news, because most people know all news by the time reached us is already TOO LATE.

1) daily boilinger touches
2) RSI is really low, stoch oversold on hour4 or hour1 during that time.

If you entered a buy, u can choose to load several long positions from 1.2362-1.2365, the first hourly high after 3 continuous bearish bear on your hourly chart is current resistance level on short period.

Now you look at min 15 chart, price near touching 1.2695 was at around centre boilinger of min 15 chart, if you observed min 15 have touched centre boilinger, i will then move all my position to breakeven stop. If market eat away my position i will re-analyze.

First few tp can be taken at centre boilinger.

now u observe again, boilinger band min 15 is squeezed now, as it entered into a no place zone, price is flat probably until profit taking or etc.


1.2365-1.2390 to 1.2395 is about 25-30 pips. If you are not greedy, this is already good enough, if u can accumulate pips through out the day, 100 pips a day is possible.

The rest, leave it to the way it is, even it does not favor a long from here, so be it, let your position be closed. Trade another day.

Today is sell, tmr we have Non-Farm Employment Change and US unemployment.

If data is really poor, market sentinment calls for possible QE, eur may actually rise. 0.75% interest rate was already expected.

Only eur and GBP sells off, aud holding well with resistance capped at 1.0330.

Look at AUD on daily chart, for answers for a possible sell earlier if u had missed 1.0330 to 1.0255 area. i won't want to explain this on eur/usd.

This is just my humble observation, i am not saying i am right or i am pro. I see candlestick, support resistance, and simple technical analysis to enter each price.

ok, i am out. no offend to anyone.
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