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  • #741,301
  • Jan 3, 2013 2:29pm Jan 3, 2013 2:29pm
Quoting Vachus
You gotta to being kidding, you left the machine for a pipe ... you are not addicted to weed , are you ?

PS: Hope you saved the charts till 2065 - i'm not greedy , i just wanted a couple of years

Did someone say weed?!?! Later guys, see what the asians will do tonight, hope everyone had a green day
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  • #741,302
  • Jan 3, 2013 2:31pm Jan 3, 2013 2:31pm
l just 55ish

tight
  • #741,303
  • Jan 3, 2013 2:31pm Jan 3, 2013 2:31pm
Quoting BobGnarly
Cut the 1.3068 shorts, + 15, original shorts from 1.3160 still in play with stop moved to +40
im looking for 3039 with very close hedge buy stop
  • #741,304
  • Jan 3, 2013 2:33pm Jan 3, 2013 2:33pm
can someone say its oversold, it will drop instantly
  • #741,305
  • Jan 3, 2013 2:36pm Jan 3, 2013 2:36pm
Quoting fxtyrant
..........

As for the EURO.... For EURO to weaken the Wound they are having... what they really need is GROWTH... and with the domestic debt being so high, Growth wont come domestically... Thats why the EURO has to Weaken to Attract Foreign investments for growth..... Understand my standpoint of why the EURO needs to be weak?
Greece wants it, France wants it. But Germany says no..... but even germany will have to succomb to the fact that they need to ease, they need to devalue the euro in ordter to restore comparative advantage in the world........
Again we can talk about the fundamentals all night long, I can see where you are coming from but my view is to act very short term since this is a leveraged product and I can't expect my fundamental view to prove itself right. I think this union is crap, never believed in it however I am neither Rotschild nor Soros who has the capital to allow me patience untill my view turns out to be correct.

Let's talk about technicals mate, you have your short positions fine. Where is your SL now, where would you feel confident that we will not be seeing 1.3200s or higher any time soon. Where is your planned TP? This would be of more help to new members here...

I have 1.31015 - 1.3040 area as an immediate and important support, the more important level I have is 1.2890. In case we take 1.3280s soon, this baby will see 1.3500s in no time.

I took a long @1.3060 and will add more @1.3040 SL 1.3020 and first TP 1.3120 second 1.3230...
  • #741,306
  • Jan 3, 2013 2:38pm Jan 3, 2013 2:38pm
53 needs to give way immediately. then eyeing 47, 38/33, 25, 06. Close above 60 again might consider a long in anticipation for tomorrow. close above 78 would confirm further bull for me.
  • #741,307
  • Jan 3, 2013 2:39pm Jan 3, 2013 2:39pm
Quoting BlueGas
can someone say its oversold, it will drop instantly
Unless you see it on daily, it is not... Don't let shorter time frames tell you otherwise.
  • #741,308
  • Jan 3, 2013 2:39pm Jan 3, 2013 2:39pm
Quoting sp33ncer
im looking for 3039 with very close hedge buy stop
Why 3039? How u calculated this number
  • #741,309
  • Jan 3, 2013 2:40pm Jan 3, 2013 2:40pm
Quoting math_GB
Again we can talk about the fundamentals all night long, I can see where you are coming from but my view is to act very short term since this is a leveraged product and I can't expect my fundamental view to prove itself right. I think this union is crap, never believed in it however I am neither Rotschild nor Soros who has the capital to allow me patience untill my view turns out to be correct.

Let's talk about technicals mate, you have your short positions fine. Where is your SL now, where would you feel confident that we will not be seeing 1.3200s...
good luck... EURUSD still has plenty more momentum to go down RSI is not below 30 on the daily so ill pray for ur longs....
We live in a finite world with infinite possibilities.
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  • #741,310
  • Jan 3, 2013 2:40pm Jan 3, 2013 2:40pm
Quoting Vachus
You gotta to being kidding, you left the machine for a pipe ... you are not addicted to weed , are you ?

PS: Hope you saved the charts till 2065 - i'm not greedy , i just wanted a couple of years
No. I stopped smoking this shit a long-time ago, in the year 2035 and sold my 9mm RooR 15th Anniversary limited edition Icemaster bong pieces as anitques in the year 2065.

I have a bounce level about 100 pips below at 1.2950.
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  • #741,311
  • Jan 3, 2013 2:42pm Jan 3, 2013 2:42pm
Quoting fxtyrant
good luck... EURUSD still has plenty more momentum to go down RSI is not below 30 on the daily so ill pray for ur longs....
Thanks mate, I am not a keeper, trade only short time. Below 1.3020 I may join you but not before.
  • #741,312
  • Edited 3:00pm Jan 3, 2013 2:44pm | Edited 3:00pm
Quoting BlueGas
can someone say its oversold, it will drop instantly
I only understand that most indicators are there to mislead . If one is still trading in a range of 1.3157 and received an oversold there and support is still valid, and bounces off 1.3170, then perhaps oversold may stands when price plunges from 1.32** in an average day while in a range.

But clearly 1.3157 was violated, then why still bother about oversold? there's no such thing at all sadly to say i don't believe in them. Just like how 1.3125 shoot to 1.3300, what was overbought from 1.2875?

The only clear reason why it had went down was that price action have maintained on the upper end 1.3157-1.3300 for pretty some time with 3 times failure to break 1.3300-7, making the probability of taking profits of long positions more, and trailing stops get move up higher and higher. sellers starts to gain control as ratio of longs are out. by the time 1.3157 was violated, i assumed most sub levels of trailing stops are out, or more taking profits takes place, and fibo 38.2 was violated, i favor that trade back to 61.8 , referring to daily chart somewhere at 1.3040.

this chart was done in the asia's morning, and i only visually see this

http://lessons.tradingacademy.com/wp...ds/Seiden3.jpg

althought 1.3125 did pull back to 1.3160-/70 after a europe short rally /retracement with better spanish and german unemployment, inevitable the down side still prevail with the short on pullback, as i assumed the range/area of imbalance is 1.3157-1.3300. The ATR for me is 1.3040 on 61.8 then 1.2880 as final destination should the bear goes even more crazier.

1.3040 should provide a pull back, but still no such thing as oversold price may just plunge without any reason/technical etc, just like how 1.30 drop to 1.20. and 1.20 fly to 1.3170.
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  • #741,313
  • Jan 3, 2013 2:47pm Jan 3, 2013 2:47pm
I really like the chart. Price already broke through the neckline, waiting for a pull back stop at the resistance, then short again ~~

Quoting 5percent
I only understand that most indicators are there to mislead . If one is still trading in a range of 1.3157 and received an oversold there and support is still valid, and bounces off 1.3170, then perhaps oversold may stands when price plunges from 1.32** in an average day while in a range.

But clearly 1.3157 was violated, then why still bother about oversold? there's no such thing at all sadly to say i don't believe in them. Just like how 1.3125 shoot to 1.3300, what was overbought from 1.2875?

The only clear reason why it had went down...
Whatever is happening right now has happened before and will happen again.
  • #741,314
  • Jan 3, 2013 2:48pm Jan 3, 2013 2:48pm
Quoting 5percent
..........

But clearly 1.3157 was violated, then why still bother about oversold? there's no such thing at all sadly to say i don't believe in them. Just like how 1.3125 shoot to 1.3300, what was overbought from 1.2875?

..............

1.3040 should provide a pull back, but still no such thing as oversold, just like how 1.30 drop to 1.20. and 1.20 fly to 1.3170.
Classic 5 Percent response...! Top grade...!
  • #741,315
  • Jan 3, 2013 2:48pm Jan 3, 2013 2:48pm
we should see consolidation now...two points of interest 200 4HR MA 1.30501 and 38.2% from the uptrend 1.2660-1.3307 (1.3061). Now my point to short again is 1.30-1.3022. Lets see what happens
  • #741,316
  • Jan 3, 2013 2:49pm Jan 3, 2013 2:49pm
Quoting math_GB
Unless you see it on daily, it is not... Don't let shorter time frames tell you otherwise.
im waiting currently for 3002, or lower 2848, will see tomorrow what will asia do over night
  • #741,317
  • Jan 3, 2013 2:50pm Jan 3, 2013 2:50pm
We should stay beTWEEN 5 4hr MA AND 200HR MA before NFP
  • #741,318
  • Jan 3, 2013 2:51pm Jan 3, 2013 2:51pm
Quoting egkid
Why 3039? How u calculated this number
what do you think about this?
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  • #741,319
  • Jan 3, 2013 2:51pm Jan 3, 2013 2:51pm
Quoting Chicky
No. I stopped smoking this shit a long-time ago, in the year 2035 and sold my 9mm RooR 15th Anniversary limited edition Icemaster bong pieces as anitques in the year 2065.

I have a bounce level about 100 pips below at 1.2950.
I'm keeping an eye on early January & early May 2011 - i think it have alot of similarities with the current move ... Which kind of end 1.297 ! Good luck anyway

The area between 1.30600 - 1.30400 is a reverse area for me , i will be watching it and i don't think it will be crossed easily = But i might be wrong.
"It's the Margin, Stupid."
  • #741,320
  • Jan 3, 2013 2:56pm Jan 3, 2013 2:56pm
Quoting Vachus
I'm keeping an eye on early January & early May 2011 - i think it have alot of similarities with the current move ... Which kind of end 1.297 ! Good luck anyway

The area between 1.30600 - 1.30400 is a reverse area for me , i will be watching it and i don't think it will be crossed easily = But i might be wrong.
im curious.. what do you think the NFP is gona come up as? cuz if NFP comes up good AGAIN... theres reason that QE3 or QEinfinite is no longer needed and that will make uncertainty and doubts on the USD strength disappear... and USD can shoot up against every thing...
im am seeing the move we had today as a form of market pricing in the fact NFP might be coming out better than expected...
We live in a finite world with infinite possibilities.
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