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  • #694,401
  • Sep 19, 2012 6:26am Sep 19, 2012 6:26am
Quoting kuroro001
You just need deep pocket if you want to buy eurusd today.
It was bought on every lows from 1,3015 til now, maybe 1,3000 was the key for a move up...at least until we reach 1,3040 then we'll see.
1.3040? we're at 1.3013 now
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  • #694,402
  • Sep 19, 2012 6:27am Sep 19, 2012 6:27am
Quoting PipTrapper
The Euro is far from bottoming out. The structural problems in Europe will take many years to correct. Furthermore, Europe is in a mild recession and a higher Euro will make it worse. On top of that, Germany is the only EZ economy that is keeping the GDP supported, and with China in trouble, Germany's exports are already starting to take a big hit.

Yes I've heard of the saying "Never fight the Fed" and I am not fighting the Fed at all. My E/U shorts do not go against the Fed. They go in line with the ECB's and the EC's impotence.

The Fed...

I don't believe that for a moment sorry (that FED can drown market in liquidity and EU still go down, the problem is they are weighted too heavy, if EU was only 25% of USDs weight, i could see it..)

Fundamentals mean nothing. We have not seen FED action since 2010. Analysts also predicting Ben will announce outright treasury purchases at sometime as well, perhaps 40B there, and continue with the 40B MBS

That would really light the fire

I won't fight the Fed but I especially won't fight history
Be hopeful in a winning position, and fearful in a losing position.
  • #694,403
  • Sep 19, 2012 6:28am Sep 19, 2012 6:28am
short from 13 SL 27
  • #694,404
  • Sep 19, 2012 6:29am Sep 19, 2012 6:29am
It is never good to move the SL to BE as soon as you gain your risk as I did before.

It is better to have gained at least 1.5 or 2.0 ATR in the TF we trading before we trail our SL to BE. Just a little thought.

Of course all depend how we trade.
"Men who can both be right and sit tight are uncommon."
  • #694,405
  • Sep 19, 2012 6:30am Sep 19, 2012 6:30am
Quoting MaxDoom
short from 13 SL 27

Hello max,

Im short from 10... what you targeting?
  • #694,406
  • Sep 19, 2012 6:32am Sep 19, 2012 6:32am
Quoting KillerWhale
1.3040? we're at 1.3013 now
sorry, 1.3011
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  • #694,407
  • Sep 19, 2012 6:32am Sep 19, 2012 6:32am
Quoting Rag2RichesFX
I don't believe that for a moment sorry

Fundamentals mean nothing. We have not seen FED action since 2010. Analysts also predicting Ben will announce outright treasury purchases at sometime as well, perhaps 40B there, and continue with the 40B MBS

That would really light the fire

I won't fight the Fed but I especially won't fight history
Well you trade a very short time frame and by your own admission, that's all you've ever done successfully. So I don't really expect you to believe it.

You asked, I answered. No need to knock it. I don't knock your strategy. So let's just agree to disagree and leave it at that.

I do have one piece of advice for you though. History does not dictate the future in these markets. That ideology is only good in the philosophical realm.
Those who say it cannot be done should not interrupt those who are doing it
  • #694,408
  • Sep 19, 2012 6:33am Sep 19, 2012 6:33am
ha, uj is trapped in divergence
Attached Image (click to enlarge)
Click to Enlarge Name: 9-19-2012-2.jpg Size: 227 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #694,409
  • Sep 19, 2012 6:36am Sep 19, 2012 6:36am
became overcareful. in a matter of fact 0 position this week
  • #694,410
  • Sep 19, 2012 6:37am Sep 19, 2012 6:37am
Quoting MaxDoom
short from 13 SL 27
more m5 hidden divergence starting there but im cautious. i took half my profit on long from 1.3002
Be hopeful in a winning position, and fearful in a losing position.
  • #694,411
  • Sep 19, 2012 6:37am Sep 19, 2012 6:37am
Quoting Freshpips
Hello max,

Im short from 10... what you targeting?

watch for PA around 1.2980 and see from there a push through and we could be testing 1.292x
  • #694,412
  • Sep 19, 2012 6:38am Sep 19, 2012 6:38am
Quoting PipTrapper
Well you trade a very short time frame and by your own admission, that's all you've ever done successfully. So I don't really expect you to believe it.

You asked, I answered. No need to knock it. I don't knock your strategy. So let's just agree to disagree and leave it at that.

I do have one piece of advice for you though. History does not dictate the future in these markets. That ideology is only good in the philosophical realm.
I am a short term trader most definitely, but have had long term success as well. Definitely not my strongest area though

Sorry if I came off as offensive.

I asked, you answered, I refuted

And as far as history goes, I'm talking about the fact that when USD goes up, EU goes down. That's undeniable history, always happens.

I'm a dollar bear, so therefore an EU bull.

I wish I could be a bear in both!!
Be hopeful in a winning position, and fearful in a losing position.
  • #694,413
  • Sep 19, 2012 6:40am Sep 19, 2012 6:40am
Quoting Pegasus54
Monthly tested the gann......weekly tested the 78.6 and contained bearish hidden divergence. Technically speaking, its likely the weekly gann or even the monthly lower TL may be tested before the upper monthly TL. Now...with that being said, a weekly close above the 78.6 then the upper monthly upper TL is likely.
The are three legs in the monthly, the second retraced @ about 78.6 of the first leg, the third retraced around 88.6 of the second leg.

Now suppose this leg will retrace to 78.6 of the last leg which is also a tap of the DTL, she will get to 1.4292, the 61.8 @ 1.3832.

Now, when would she get there? I do not know, I am not a guru, we have plenty around.

What I know is that this is a bull market, why? because my reading of the charts tells me that.
"Men who can both be right and sit tight are uncommon."
  • #694,414
  • Sep 19, 2012 6:41am Sep 19, 2012 6:41am
A little look at eu
4 hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4 hr 09-19-12.gif Size: 17 KB
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  • #694,415
  • Sep 19, 2012 6:42am Sep 19, 2012 6:42am
Quoting KillerWhale
A little look at eu
4 hr chart
And I've been advocating this days and days
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  • #694,416
  • Sep 19, 2012 6:42am Sep 19, 2012 6:42am
Quoting KillerWhale
sorry, 1.3011
Yes 1,3040 if we bounce now it'll be the resistance.
And 1,2980 on the downside once 1,3000 is cleared for good.
COT: The precious data ignored
  • #694,417
  • Sep 19, 2012 6:42am Sep 19, 2012 6:42am
Quoting MaxDoom
watch for PA around 1.2980 and see from there a push through and we could be testing 1.292x
good luck to you! i think it could definitely reach there soon.

here comes the divergence.. (which is why its struggling here)
Attached Image (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #694,418
  • Sep 19, 2012 6:46am Sep 19, 2012 6:46am
Quoting Mike8
The are three legs in the monthly, the second retraced @ about 78.6 of the first leg, the third retraced around 88.6 of the second leg.

Now suppose this leg will retrace to 78.6 of the last leg which is also a tap of the DTL, she will get to 1.4292, the 61.8 @ 1.3832.

Now, when would she get there? I do not know, I am not a guru, we have plenty around.

What I know is that this is a bull market, why? because my reading of the charts tells me that.
One thing for sure, she will either test the lower or the upper TL before its over. (or NOT hahaha)..Its great having different views. It helps me to keep an open mind and perhaps look at something a little differently.
REQUESTING NO VOUCHES.Vouches are useless.
  • #694,419
  • Sep 19, 2012 6:48am Sep 19, 2012 6:48am
Now its clear what FED and ECB wanted at the begining of this year.
almost 9 mounths past away and what? eur/usd keep stable radio in the region 1.30. 1.30 was in january so.

The ECB and FED reached they main goal.
They did it. They keep USD and EUR stable.
nor eur nor usd is wining.

so looking in perspective i would think that if eur again will down to 1.2 it will return back to 1.3 again.
  • #694,420
  • Sep 19, 2012 6:48am Sep 19, 2012 6:48am
Quoting Rag2RichesFX
good luck to you! i think it could definitely reach there soon.

here comes the divergence.. (which is why its struggling here)
Your charts have too many colors, I mean it really looks very pretty, but trading wise they make no sense.
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