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  • #692,821
  • Sep 15, 2012 12:59pm Sep 15, 2012 12:59pm
Quoting FXMindset
Actually the only way to screwed most people ass when the market is strong trending sir..

the answer is simple

Most of human dont want admit their mistakes and dont want accept their loss,

therefore they trade without SL,or they keep adjust their SL..

they keep believe the market will comes and go for their position again and save their ass...they see overbought and oversold...they see this and that...and they believe Its Impossible happening...Lets said their ass being save this time..or the second time...but thats wont be happening for...

totally correct!
  • #692,822
  • Sep 15, 2012 1:07pm Sep 15, 2012 1:07pm
Quoting Jay Walker
Reminds me of my buddy's story about his layover in Bangkok. He was tired from the flight and just wanted sleep.

But the hotel saw a Falang with an opportunity for money.

*knock knock knock*

"Yeah" my friend said

"You want girl?" the voice said

"No thanks! Just sleep!"

Later

*knock knock knock*

"Yeah" my friend said

"You want girl?" the voice said

"No thanks! Just sleep!"

Irate, he went back to sleep.

About an hour later


*knock knock knock*

"WHAT" my friend said

"You want girl?" the voice said

"No thanks! Just...
Ok , What is hotel name? I will go to ...
  • #692,823
  • Sep 15, 2012 1:09pm Sep 15, 2012 1:09pm
Quoting FXMindset
here ya,
That's mean Mr.A indicator?
  • #692,824
  • Sep 15, 2012 1:32pm Sep 15, 2012 1:32pm
Quoting bouble
Ok , What is hotel name? I will go to ...
Don't know. I would remember the name of a hotel like that but by buddy didn't.
Not all sins are created equal
  • #692,825
  • Sep 15, 2012 3:55pm Sep 15, 2012 3:55pm
Quoting billytt
they talk a lot of euro analysis and are very biased. rather than trade they seem to talk them selves out of it then blame leaders. oh well
LOL.
"Men who can both be right and sit tight are uncommon."
  • #692,826
  • Sep 15, 2012 4:01pm Sep 15, 2012 4:01pm
Quoting Jay Walker
Perhaps France is to sink the Euro next?
Good point.

But I would use retrace instead of sink:
"Men who can both be right and sit tight are uncommon."
  • #692,827
  • Sep 15, 2012 4:08pm Sep 15, 2012 4:08pm
Quoting sidhujag
if theres a pullback here im bullish
I am with you, but she probably knows and wont stop at any station.

She just bounced from a significant level tough (3136) and 2933-3056 can be due, depending on the speed she is going down, IF.
"Men who can both be right and sit tight are uncommon."
  • #692,828
  • Sep 15, 2012 4:26pm Sep 15, 2012 4:26pm
But eurusd is not the only pair be traded in my view.

Garden day for me today, the Spring is shouting, there is a wild bunny rabbit that is destroying my lawn (I think he is trying to find a nest.), my patience is running out tough and I am staring to think that lamb is not the only option as a second plate..

But I think my girls have something to say about that.
"Men who can both be right and sit tight are uncommon."
  • #692,829
  • Sep 15, 2012 4:50pm Sep 15, 2012 4:50pm
Quoting Mike8
I am with you, but she probably knows and wont stop at any station.

She just bounced from a significant level tough (3136) and 2933-3056 can be due, depending on the speed she is going down, IF.
At least 1.34xx area before any pullback.. its due for a retracement. We're at the end of 3rd fibonacci spike.
  • #692,830
  • Sep 15, 2012 5:00pm Sep 15, 2012 5:00pm
Quoting fearlessnut
At least 1.34xx area before any pullback.. its due for a retracement. We're at the end of 3rd fibonacci spike.
Ok.

I have around 3278 which is a weekly DTL if this 3136 does not hold and after that I have around 1.40 next.
"Men who can both be right and sit tight are uncommon."
  • #692,831
  • Sep 15, 2012 5:08pm Sep 15, 2012 5:08pm
Quoting Mike8
Ok.

I have around 3278 which is a weekly DTL if this 3136 does not hold and after that I have around 1.40 next.
3150 is a very important level as per Fibo. Im not sure it will ride up across without pulling back.

We need a ride back to 1.29, to recharge some bulls

EDIT : 1.2905 would be a 23.6% retracement from 1.3150.
1.3150 is the 38.2% retracement from the April 2011 1.49 high
it's also the 50% retracement from the Nov 2011 1.4250 high
  • #692,832
  • Edited 9:12pm Sep 15, 2012 6:22pm | Edited 9:12pm
Quoting divak
3150 is a very important level as per Fibo. Im not sure it will ride up across without pulling back.

We need a ride back to 1.29, to recharge some bulls

EDIT : 1.2905 would be a 23.6% retracement from 1.3150.
1.3150 is the 38.2% retracement from the April 2011 1.49 high
it's also the 50% retracement from the Nov 2011 1.4250 high
Divak,

Ok, that is good to know.

More valid retracement in my view are 38.2, 50, 61.8, 78.6 and 88.6. Fibo projections 1.27, 1.61.

Trendlines ant S/R are also important, specially in confluence

In my view TA is best done into the bigger TF like weekly or monthly, then we go down to the the 4h or or daily tf to see if can get an entry. (sometime also 1h)

Also keep in mind that this is only prediction that we are doing and prediction can lead to bias which it is a concept that narrows our view and makes us less nimble.

A good read to carefully study and apply would be "TA of the Financilal Markets" by John Murphy and "harmonic trading" by Carney.

TA is an art form not a science, so our personal flavour is needed to make a difference.

I hope it helps just a bit.

EDIT: Last thing "market action discounts everything".
"Men who can both be right and sit tight are uncommon."
  • #692,833
  • Sep 16, 2012 3:03am Sep 16, 2012 3:03am
Don't be surprised if October finished with Euro at 1.46
"It's the Margin, Stupid."
  • #692,834
  • Sep 16, 2012 3:14am Sep 16, 2012 3:14am
Quoting Vachus
Don't be surprised if October finished with Euro at 1.46
When I think about that, I'm nursing a semi.
Not all sins are created equal
  • #692,835
  • Sep 16, 2012 3:59am Sep 16, 2012 3:59am
Quoting Jay Walker
When I think about that, I'm nursing a semi.
I had to look it up to get the meaning
"It's the Margin, Stupid."
  • #692,836
  • Sep 16, 2012 4:01am Sep 16, 2012 4:01am
this week going to be very interesting to see how price reacts at these levels.

will it keep on charging? i think 1.35 EU is 78 USD (at least historically)

FED changed everything, and this is potentially worse than QE1 and QE2, as they are currently doing 80 billion a month (40 bil MBS and 40bil from op twist) open ended (what sounds like for at least one year)


i think it is hard for us to psychologically see a currency going straight up, although we have no problem seeing it go straight down. just flip your chart to USD and it makes it a lot easier to see where this is headed in the next 3-6 months.

1.38-1.405
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Be hopeful in a winning position, and fearful in a losing position.
  • #692,837
  • Sep 16, 2012 4:07am Sep 16, 2012 4:07am
and here is a speculative monthly chart i made from present until Summer 2014

fed sounding more dovish than ever before...

all in good fun of course no one can predict whta happen.. but im pretty sure the dollar is going to be devalued more than it was in the past. maybe another EU crises will save them again and we can play ping pong in between 1.20 and 1.50/1.60 forever...

something tells me that can't last forever though. one of the currency will devalue more than the other eventually...

what we have seen in the last 4 years can even be considered a consolidation for the 0.80 to 1.60 Euro bull. give that some thought would ya...


all hail CHICKY who called this move to 1.30 after the head and shoulders i believe...
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Be hopeful in a winning position, and fearful in a losing position.
  • #692,838
  • Sep 16, 2012 4:07am Sep 16, 2012 4:07am
Quoting Vachus
Don't be surprised if October finished with Euro at 1.46
Little bit far fetched.

You must be thinking that European debt crises is completed solved.
In fact, nothing is solved.
USA is not doing good either, but try to think a more moderate way.

For now, I think a pull back is overdue.
Lets keep it moderate, 1.3025?
Or maybe 128.65?

Time and time again it has been proven that too much up in too little time will get a reaction.
Preferably over a weekend when people have the time to start thinking.

For me the only reason to go long now would be creating a double top, but I won't be part of that long.

I'll wait for the best value to go short for an overdue pull back.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #692,839
  • Sep 16, 2012 4:10am Sep 16, 2012 4:10am
Quoting Vachus
Don't be surprised if October finished with Euro at 1.46
i think we are going to see it extend through 1.35 (not without a pullback), but certainly not by the end of october at 1.46. although its certainly possible and has happened before.

2000 pips in 10 days anyone?
Be hopeful in a winning position, and fearful in a losing position.
  • #692,840
  • Sep 16, 2012 4:18am Sep 16, 2012 4:18am
I'm riding this up to 1.32768 to the supply area after which, i will be looking for a good point to short it. Attached is my chart.


Happy trrading
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