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  • #709,521
  • Oct 18, 2012 2:55pm Oct 18, 2012 2:55pm
Quoting keradk
you got it but do you think it can go through s/d zone at 3081?
Maybe not in the next hour or two but I believe it 3100 will be tested again. I also think itll test the high from a couple of weeks ago 3172.
  • #709,522
  • Oct 18, 2012 2:55pm Oct 18, 2012 2:55pm
Quoting mike22
Hello traders,

I was just wondering if there is some logically explanation as to why it takes the market (traders) so long to do what almost seems to be obvious. Why did it take until almost 2PM ET for the EurUsd to drop? Did some condition change that didn't exist the previous 12 hours that finally made traders go short today?

Yes, I know that the pair has been in a fierce up trend the past few days but for crying out loud there are many indications on numerous different time frames that say that the pair will go south.

I just don't understand...

for me personally i was holding back as i feel things are quite volatile atm with the summit going on and us elections taking place relatively soon.

that being said i rarely try to pick tops/bottoms/reversals but instead wait for things to become a little established before i jump in

i guess what i am saying is that for me it really is a game of follow the leader

i wanted to add that at the beginning of my trading career i was much bolder but after getting burned more than once and losing some money in the process i have become less bold. a little older now, not necessarily wiser, but definitely less bold in the markets.
  • #709,523
  • Oct 18, 2012 2:57pm Oct 18, 2012 2:57pm
Quoting keradk
you got it but do you think it can go through s/d zone at 3081?
oi oi oi... It's not that simple.. If it were, then we would all have that line that will make us ze millions.. That was the first step. Second step, is it has to stay above it, and that will be dictated by the PA..

Staying above, would give me a failure at taking 70 to the downside.. If that happens, it should send it back up to the 3120 area..That would mean, on the higher TF a failure at 3115 and that would send it up to 3170 and maybe a little bit higher.. like a cascading effect.. Kind of how I see things..
  • #709,524
  • Oct 18, 2012 2:57pm Oct 18, 2012 2:57pm
Quoting Petiedawgs
Maybe not in the next hour or two but I believe it 3100 will be tested again. I also think itll test the high from a couple of weeks ago 3172.
just as i showed on the pic a few posts above....
  • #709,525
  • Oct 18, 2012 3:01pm Oct 18, 2012 3:01pm
Quoting attila
oi oi oi... It's not that simple.. If it were, then we would all have that line that will make us ze millions.. That was the first step. Second step, is it has to stay above it, and that will be dictated by the PA..

Staying above, would give me a failure at taking 70 to the downside.. If that happens, it should send it back up to the 3120 area..That would mean, on the higher TF a failure at 3115 and that would send it up to 3170 and maybe a little bit higher.. like a cascading effect.. Kind of how I see things..
Good job
  • #709,526
  • Oct 18, 2012 3:03pm Oct 18, 2012 3:03pm
problem is the lowest TF I'm working with would very much like 47.. and not taking 70 to the upside makes that likely..
  • #709,527
  • Oct 18, 2012 3:05pm Oct 18, 2012 3:05pm
hmmmmmmmm I have long @ 72... not too smart of me.. I was some pending order that opened on the way down.
  • #709,528
  • Oct 18, 2012 3:07pm Oct 18, 2012 3:07pm
I hope we will not wake up tomorrow on news people committed suicide with Google drop ... 75 dollars in 3 minutes

I really feel sorry for them
"It's the Margin, Stupid."
  • #709,529
  • Oct 18, 2012 3:08pm Oct 18, 2012 3:08pm
Quoting attila
oi oi oi... It's not that simple.. If it were, then we would all have that line that will make us ze millions.. That was the first step. Second step, is it has to stay above it, and that will be dictated by the PA..

Staying above, would give me a failure at taking 70 to the downside.. If that happens, it should send it back up to the 3120 area..That would mean, on the higher TF a failure at 3115 and that would send it up to 3170 and maybe a little bit higher.. like a cascading effect.. Kind of how I see things..
daily candle looks bearish for now - do you think it has to close over 1.3096 ?
  • #709,530
  • Oct 18, 2012 3:08pm Oct 18, 2012 3:08pm
Here's one of my rules.. When you're looking for turns, look at the lower TFs. When you are looking for continuation look at the higher ones.
  • #709,531
  • Oct 18, 2012 3:09pm Oct 18, 2012 3:09pm
Quoting attila
problem is the lowest TF I'm working with would very much like 47.. and not taking 70 to the upside makes that likely..
Well H1 Closed in it , the next candle will say if she like the area or would like to dig deeper
"It's the Margin, Stupid."
  • #709,532
  • Oct 18, 2012 3:10pm Oct 18, 2012 3:10pm
Quoting HuoLong
daily candle looks bearish for now - do you think it has to close over 1.3096 ?
it does look bearish, I agree... but my charts say there's something unfinished with this up move so I'm trying to keep an open mind..
  • #709,533
  • Oct 18, 2012 3:10pm Oct 18, 2012 3:10pm
Quoting mercy seat
Partials @ 1.30650 ...

21h00 CET

Lowest entry from my side been at 1.30567 in the time between ...

20h57 CET

Total BE long 1.30567 now therefore ...








;-|
Covered major parts @ 1.30700 ...

22h05 CET






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #709,534
  • Oct 18, 2012 3:11pm Oct 18, 2012 3:11pm
Quoting keradk
hmmmmmmmm I have long @ 72... not too smart of me.. I was some pending order that opened on the way down.
it may move up from here but it a test of the recent lows maybe coming first, i was long from 60 took my profit at 70 (because that was a counter trend trade so I am not as willing to let it run for 20+ pips like I would with a trend trade)
Be hopeful in a winning position, and fearful in a losing position.
  • #709,535
  • Oct 18, 2012 3:12pm Oct 18, 2012 3:12pm
Quoting attila
it does look bearish, I agree... but my charts say there's something unfinished with this up move so I'm trying to keep an open mind..
although the yesterday candle is a doji (spinner) and that means indecision, nothing more, nothing less..

it closed higher so a little upside bias there..
  • #709,536
  • Oct 18, 2012 3:13pm Oct 18, 2012 3:13pm
Quoting attila
Here's one of my rules.. When you're looking for turns, look at the lower TFs. When you are looking for continuation look at the higher ones.
  • #709,537
  • Oct 18, 2012 3:13pm Oct 18, 2012 3:13pm
Quoting attila
it does look bearish, I agree... but my charts say there's something unfinished with this up move so I'm trying to keep an open mind..
Agreed. IMO it will go to ~80 first to go down
  • #709,538
  • Oct 18, 2012 3:15pm Oct 18, 2012 3:15pm
Quoting HuoLong
daily candle looks bearish for now - do you think it has to close over 1.3096 ?
It will not see a daily close above that anymore ...

End of Day and End of Value Date for all forwards will be in less then one hour ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #709,539
  • Oct 18, 2012 3:20pm Oct 18, 2012 3:20pm
Quoting attila
Here's one of my rules.. When you're looking for turns, look at the lower TFs. When you are looking for continuation look at the higher ones.
Thanks!
  • #709,540
  • Oct 18, 2012 3:22pm Oct 18, 2012 3:22pm
Quoting attila
it does look bearish, I agree... but my charts say there's something unfinished with this up move so I'm trying to keep an open mind..
what is unfinished?
There is no randomness. It is just Chaos, a higher form of order.
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