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  • #749,441
  • Jan 23, 2013 6:07pm Jan 23, 2013 6:07pm
Quoting KillerWhale
which is just above resistance turned into support
Not expecting it to stay above parity for long or making new highs. Dollar gain a bit but I think more on the drop of Crude.
  • #749,442
  • Jan 23, 2013 6:09pm Jan 23, 2013 6:09pm
looking at gu the leg could be finished to the downside to give us correction to 1.6 area . 1.58 is not broken sloss could be 1.5780 for such a trade and this could trigger the short on eur/gbp for a correction to .823 with sloss .84
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 12 KB
  • #749,443
  • Jan 23, 2013 6:10pm Jan 23, 2013 6:10pm
Quoting Kanzler
He got told off the other day by that forex alien guy, which gave me a good laugh because that was the last thing I expected.



I'm seeing if it can drop to 0.9948, but seems we're on the same page either way. Good to see you around btw, not sure if I've just been on at the wrong times or not but hadn't seen your posts for a while.
It's not the wrong time my friend, I'm just not posting very much at the moment.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #749,444
  • Jan 23, 2013 6:23pm Jan 23, 2013 6:23pm
Oh boy here we go again 1.3300
Slow and Steady!
  • #749,445
  • Jan 23, 2013 6:26pm Jan 23, 2013 6:26pm
Quoting faizpakoh
Oh boy here we go again 1.3300
Wake me up when we go for 1.3250. The only opportunities really going for this pair right now are selling the top of the range or buying the bottom, and with my bias I'd feel safer selling. Euro is a total snoozefest.
  • #749,446
  • Jan 23, 2013 6:29pm Jan 23, 2013 6:29pm
Quoting Kanzler
Wake me up when we go for 1.3250. The only opportunities really going for this pair right now are selling the top of the range or buying the bottom, and with my bias I'd feel safer selling. Euro is a total snoozefest.
RIGHT!!!!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #749,447
  • Jan 23, 2013 6:31pm Jan 23, 2013 6:31pm
Quoting Slim Buffett
You really don't need to explain all that crap.
You said that this was the first time in history that E/U has consolidated in this type of range
Then you said it will be a violent breakout

IF there was no historical precedent
HOW can you know
I'm not saying your wrong
But don't

pretend
You couldn't be more wrong on your assertion. Not to mention, you obviously have not put a moment of time into seeing if Vachus is correct and tried to dismiss him based on "this never happening before". Quite absurd.

Actually, on the daily chart, any consolidation that lasted this long and with such a tight range was abruptly ended with a break out move to one direction or the other. This isn't a theory, it's a fact that has plenty of evidence to back it up. It's a pattern. The very reason we study charts.

Furthermore, I checked another fact out, I made a block on my weekly that ranged 150 pips for 2 weeks to see if this has happened in the past couple of years.. It has, one time.. and then a break out.

Consolidation tells us something, at least those of us that are paying attention.
  • #749,448
  • Jan 23, 2013 6:31pm Jan 23, 2013 6:31pm
Quoting Kanzler
Wake me up when we go for 1.3250. The only opportunities really going for this pair right now are selling the top of the range or buying the bottom, and with my bias I'd feel safer selling. Euro is a total snoozefest.
Lets hope that it wont spike to 1.34 this week
Slow and Steady!
  • #749,449
  • Jan 23, 2013 6:32pm Jan 23, 2013 6:32pm
Quoting Kanzler
Wake me up when we go for 1.3250. The only opportunities really going for this pair right now are selling the top of the range or buying the bottom, and with my bias I'd feel safer selling. Euro is a total snoozefest.

au contraire mon ami
its only the beginning
When the Joker is in the deck.. fear not and play it well
  • #749,450
  • Jan 23, 2013 6:33pm Jan 23, 2013 6:33pm
Can be like this
Attached Image (click to enlarge)
Click to Enlarge Name: EW 24012013.png Size: 42 KB
  • #749,451
  • Jan 23, 2013 6:34pm Jan 23, 2013 6:34pm
Quoting Kanzler
Wake me up when we go for 1.3250. The only opportunities really going for this pair right now are selling the top of the range or buying the bottom, and with my bias I'd feel safer selling. Euro is a total snoozefest.
A good trader follows his rules, but great trader knows when to break them
  • #749,452
  • Jan 23, 2013 6:36pm Jan 23, 2013 6:36pm
Quoting faizpakoh
Lets hope that it wont spike to 1.34 this week
Quoting Slim Buffett
au contraire mon ami
its only the beginning
Maybe. There are probably a ton of stop loss orders piling up on either side of the range, it's just a matter of which institution has the clout to reach them first before we get our cascade effect.
  • #749,453
  • Jan 23, 2013 6:41pm Jan 23, 2013 6:41pm
Quoting Kramerica

Actually, on the daily chart, any consolidation that lasted this long and with such a tight range was abruptly ended with a break out move to one direction or the other. This isn't a theory, it's a fact that has plenty of evidence to back it up. It's a pattern. The very reason we study charts.
Of COURSE, there will be a breakout. (duh)

This isn't the first time in history that has happened.
When the Joker is in the deck.. fear not and play it well
  • #749,454
  • Jan 23, 2013 6:44pm Jan 23, 2013 6:44pm
Quoting Slim Buffett
Of COURSE, there will be a breakout. (duh)

This isn't the first time in history that has happened.
This consolidation is extraordinary and longer than normal.. I've spent the time researching it. So did Vachus. Duh..

Any you had to stroke your own ego by trying to disprove him and his point. Now you say duh..

Does your mom know you are playing in forums this late at night.. Don't you have homework?
  • #749,455
  • Jan 23, 2013 6:45pm Jan 23, 2013 6:45pm
Quoting Kanzler
Maybe. There are probably a ton of stop loss orders piling up on either side of the range, it's just a matter of which institution has the clout to reach them first before we get our cascade effect.
OH.... get REAL !!! you can make all sorts of excuses for not taking a trade

No biggie... you either get stopped out or you don't

If you have some sort of trading method then don't stop and ask why.

??????????

just do it
When the Joker is in the deck.. fear not and play it well
  • #749,456
  • Jan 23, 2013 6:50pm Jan 23, 2013 6:50pm
Quoting Slim Buffett
OH.... get REAL !!! you can make all sorts of excuses for not taking a trade



nope , if not confident , should not take trade , it's not recommended to force any trade ,

trade that not taken is a winning trade
Mohan
  • #749,457
  • Jan 23, 2013 6:59pm Jan 23, 2013 6:59pm
Quoting mohan76
nope , if not confident , should not take trade , it's not recommended to force any trade ,

trade that not taken is a winning trade
You cannot gain confidence without taking trades
If you have to be 100% sure of a decision you will NEVER make a decision

A trade that is not taken because of a lack of confidence

is opportunity LOST

there is no such thing as a winning trade that is not taken
only in your "makes me feel better" mind
When the Joker is in the deck.. fear not and play it well
  • #749,458
  • Jan 23, 2013 7:09pm Jan 23, 2013 7:09pm
Debt ceiling debate causing uncertainty leaving Republicans in Congress and Democrats divided.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #749,459
  • Jan 23, 2013 7:12pm Jan 23, 2013 7:12pm
Quoting Vachus
Okay i will explain in few words : Price zones has both emotions & behaviors attached to them , the newer the data the fresh the emotions attached to it. If you opened your daily chart EURUSD , draw a traingle between 1.30 - 1.35 and set the period on 5 years to go , you will see One emotion & behaviour " Range and violent break "... Which make a radical notion of a move to 1.28 & 1.40 are completely correct in this area ! That's why i'm at the opinion that this is both " Bears and Bulls " trap !
informative , salute
  • #749,460
  • Jan 23, 2013 7:17pm Jan 23, 2013 7:17pm
Quoting habibFx
Can be like this
It could be habib vai, better to set TP @ 3290 for opened short.
Attached Image (click to enlarge)
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