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EURUSD

  • #747,021
  • Jan 16, 2013 2:43pm Jan 16, 2013 2:43pm
I think that we can see a sudden drop if Euro stays here for a moment.

GL
  • #747,022
  • Jan 16, 2013 2:49pm Jan 16, 2013 2:49pm
Quoting pkimnyc
Being bias can lead into building ego. it happens quite frequent among traders whether we know it or not. When that happens, traders can't accept the fact that they were wrong. Often, they have tendency to blame the market instead. And that can destroy their accounts sooner rather than later.
You are so right, a long term trader shall be an ice cube. But psychologically speaking, shooting out is good for people that can't trade without passion, in order to 'release a big mental pressure'. But this has not necessarily to be written on a forum...

I find nice to have different graphs showing different scenarios (and thanks people doing that seriously). Sometimes they are good, sometimes not, but within little time you can recognize good traders and others.

I don't 'blind follow' the graphs, but in every little thing i try to learn to be more accurate. Even with 'ego traders', i try to learn what 'not to be' or 'not to do'. At least i try not to make any judgment. I try to be an ice cube too... ;-)

In failure (my failure or other guy failure) everybody can learn as much as in success.
  • #747,023
  • Jan 16, 2013 2:57pm Jan 16, 2013 2:57pm
Quoting davidsayli
I think that we can see a sudden drop if Euro stays here for a moment.

GL
no more shorts, @ last you go for LG !
  • #747,024
  • Jan 16, 2013 3:02pm Jan 16, 2013 3:02pm
And of course we did sell it again with manual market orders ...

1.32950 for example at 19h50 CET ...

And unwinded them at a convenient predefined level again ...

1.32800 for example at 21h02 CET ...

Quoting mercy seat
Still under pressure ...

Selling mode is still favorized ...

Once 1.3248 is given you may forget the upside for a while ... okay ... we could have been taken more ...

But we did decide to cover some parts here and now at 1.32790 ...

19h10 CET

Re-do above 1.3352 activated ...







;-|
Jawoll ... nice we spoke about all those things ...

Float has been down today ...

Irrespective what kind of charts you like to watch ...

I love the 20 min grafics currently ... tomorrow could be another one ...

2013-01-16_21h41_ EURUSD _ min020 _ (200) candlestick (Spezial).PNG (22.0 KB)






;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-01-16_21h41_ EURUSD _ min020 _ (200) candlestick (Spezial).PNG Size: 22 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #747,025
  • Jan 16, 2013 3:03pm Jan 16, 2013 3:03pm
Quoting davidsayli
I think that we can see a sudden drop if Euro stays here for a moment.

GL
Completely agree with you. 3290/3300 is the area where the market got heavy resistance. I wouldn't be surprised if we see 3100 by Friday.
When Scalpers win, I lose and Vice varsa...
  • #747,026
  • Jan 16, 2013 3:07pm Jan 16, 2013 3:07pm
"Once a person makes a prediction, the ego becomes involved in it, making
it difficult to accept anything that happens in the process of
trading that seems to differ ~from your prediction. Thus, it
becomes very difficult to trade~anything that you publicly predict in any way."
VAN K. THARP

Mr. Van T is a very wise man & I agree with him in many things.. but nowadays, he makes money by writing books & coining catchy phrases for the conventional crowd..

Right or wrong, we need to trade the higher TF bias with risk-adjusted convictions to take money out of the market over time.. the alternate is to go with rumors & micro TF flows where money usually flows out of an account faster then it flows it..

Euro monthly
Attached Image (click to enlarge)
Click to Enlarge Name: EU+EG+GB-20130116 Monthly.png Size: 126 KB
  • #747,027
  • Jan 16, 2013 3:08pm Jan 16, 2013 3:08pm
Quoting Ken A
What's that GL to LG.
Ken can you start bidding up e/j a bit, I'd like to cash the rest of this trade out at 125.00. Enough with the profit taking already
It works till it doesn't
  • #747,028
  • Jan 16, 2013 3:10pm Jan 16, 2013 3:10pm
Quoting DaEdge
Ken can you start bidding up e/j a bit, I'd like to cash the rest of this trade out at 125.00. Enough with the profit taking already
I will let Willow to that. This is completely out of my league.
  • #747,029
  • Jan 16, 2013 3:11pm Jan 16, 2013 3:11pm
Quoting Ken A
I will let Willow to that. This is out of my league.
Uh ohhhh no bueno, & I thought it was profit taking guess she just put her short on.
It works till it doesn't
  • #747,030
  • Jan 16, 2013 3:12pm Jan 16, 2013 3:12pm
Quoting Ken A
What's that GL to LG.
maybe LG electronics !?
  • #747,031
  • Jan 16, 2013 3:16pm Jan 16, 2013 3:16pm
If we can get the close under 3290 - then Ding Ding Round II
"It's the Margin, Stupid."
  • #747,032
  • Edited 3:32pm Jan 16, 2013 3:21pm | Edited 3:32pm
Yooh ...

2013-01-16_22h11_ EURUSD _ min020 _ (200) candlestick (Spezial BB zweifach).PNG (32.4 KB)

And sometimes I like to watch it this way ...

###

But don't take trading decisions based on that only ...

Thursday - Friday has been (unexpected strong) direct move up ...

And yes ... shit happens sometimes ... no reason to cry or jabber around ...

Monday - Tuesday - Wednesday has been mild correction down ...

But more than enough for now ...

###

One key at 1.3277 has been hit ...

Pivotal Sup-1 at 1.3248 has not been visited ...

And secondary Elliott TGT near 1.3220 not been taken out as well ...

So what?

EoD and final settlement will be soon ...

Then we will have Asian Session which is not a super big deal as mostly ...







;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-01-16_22h11_ EURUSD _ min020 _ (200) candlestick (Spezial BB zweifach).PNG Size: 32 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #747,033
  • Jan 16, 2013 3:39pm Jan 16, 2013 3:39pm
Quoting Davit
Once a person makes a prediction, the ego becomes involved in it, making
it difficult to accept anything that happens in the process of
trading that seems to differ ~from your prediction. Thus, it
becomes very difficult to trade~anything that you publicly predict in any way.
VAN K. THARP

I was compelled to post this because traders keep posting numbers where price may go are hampering their own trading by creating bias.
Why not go with the flow...
I couldn't agree more on this Davit.

Too many try to predict. I tried to do that to until I changed my ways.
Not all sins are created equal
  • #747,034
  • Jan 16, 2013 3:45pm Jan 16, 2013 3:45pm
Quoting Vachus
Believe it or not , This Bull has a potential to reach as low as 1.23 - There was a problem with the range some kind Bulls and bears are trapped in to , it has opened two doors not one as i thought ( 1.35 and 1.23 ) So , this 1.30 better to hold again - if it was retested or it may become a free fall ...
possibly.. but 2894 is normal in a bullish move to 3592 before 3592.. below 3341 with some week closes and 2909 has an attraction.. 2894/2909 is the center of the universe. and it became that high because of bs news from the ecb. 2661 broken can invalidate 3592... but we still have a older norm at 3594... yes 2 pips higher then last years R1.
and yes before last year closed with a 2909 pp... norm was at 2894..... a 15 pip difference.
those who can, do. those who cant, talk about those who can
  • #747,035
  • Jan 16, 2013 3:53pm Jan 16, 2013 3:53pm
i m watching wave e to finish a traingle to buy to go to 61.8 fib of the drop from 1.34
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 17 KB
  • #747,036
  • Jan 16, 2013 3:56pm Jan 16, 2013 3:56pm
Quoting Vachus
If we can get the close under 3290 - then Ding Ding Round II
3293 (up to high) is a norm for 3199... i just dont like to post st lying stuff.
those who can, do. those who cant, talk about those who can
  • #747,037
  • Jan 16, 2013 4:21pm Jan 16, 2013 4:21pm
Quoting gatorinla
ej at 117.78 atm.. 117.80 is a place to look
if still in, locking in 20 with stops is a good thing.
those who can, do. those who cant, talk about those who can
  • #747,038
  • Jan 16, 2013 4:22pm Jan 16, 2013 4:22pm
Quoting gatorinla
possibly.. but 2894 is normal in a bullish move to 3592 before 3592.. below 3341 with some week closes and 2909 has an attraction.. 2894/2909 is the center of the universe. and it became that high because of bs news from the ecb. 2661 broken can invalidate 3592... but we still have a older norm at 3594... yes 2 pips higher then last years R1.
and yes before last year closed with a 2909 pp... norm was at 2894..... a 15 pip difference.
289X is the Midpoint of 1.34 and 1.23 ... So, its doable !
"It's the Margin, Stupid."
  • #747,039
  • Jan 16, 2013 4:28pm Jan 16, 2013 4:28pm
Quoting gatorinla
3293 (up to high) is a norm for 3199... i just dont like to post st lying stuff.
I don't understand the bolded part - English isn't my first language - my apologizes. About 3293 , if today slap at 33256 wasn't the final one - it may go up again and redo it to continue the drift. The price is kind of near to 3293 to be taken serious as resistance ... i wouldn't be personally worried to short it !
"It's the Margin, Stupid."
  • #747,040
  • Edited 5:01pm Jan 16, 2013 4:50pm | Edited 5:01pm
Quick survey for the EUR/USD (Jan 16, 2012 23:00) ...


2013-01-16_23h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Dn _ W-03 # FG86 (EN Daily, Weekly).PNG (124.5 KB)

2013-01-16_23h30_ EURUSD _ min020 _ (200) candlestick (Spezial BB zweifach).PNG (34.0 KB)


Neutralized structures again ... not much changed ...

Immediate price action still points down ... currently hovering at around 1.3284 / 89 ...

The Euro is still under pressure and 1.3265 / 50 are still next check points to be tested or taken out ...

If propped up there then rebound towards above 1.3324 again ...

###

But any cross of below 1.3247 may give 1.3220 then ...

###

In a larger TF picture it is trapped between 1.3393 / 1.3409 and 1.3194 / 77 zone ...

Breakout either side will decide its final directional alignment ...







;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-01-16_23h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Dn _ W-03 # FG86 (EN Daily, Weekly).PNG Size: 125 KB
Click to Enlarge Name: 2013-01-16_23h30_ EURUSD _ min020 _ (200) candlestick (Spezial BB zweifach).PNG Size: 34 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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