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  • #759,881
  • Feb 16, 2013 2:49pm Feb 16, 2013 2:49pm
Quoting Pip Anon
I agree with that. The market is tired and looking for a retrace. The data is good, but the data does not correlated 5-year highs on indices. Unemployment is creeping back up. They say they can't fight the Fed, but is the Fed suppose to support the economy for 3-5 more years? I believe rates will start to creep up. We also have the sequester which may happen. I also believe the Fed is artificially raising the housing market. There are a myriad of options, and each may chip at the market.

I am not saying money can't be made, or that a few more...

Agreed on that. Retrace is very possible and it might boost E/U, A/U or weakening the JPY or USD bullish.
  • #759,882
  • Feb 16, 2013 3:01pm Feb 16, 2013 3:01pm
After last weeks price action. I would say "Gap DOWN". I for one love the fight between the bull and bears. I also love how swing traders, have become scalpers all of a sudden. It reveals how much money can actually be made in forex, within a small amount of time. I for one would love to see the excellent calls being made. In hopes that those of us who don't know much can ride on their tail-coats and earn some extra income. Keep up the good job guys.
  • #759,883
  • Feb 16, 2013 3:02pm Feb 16, 2013 3:02pm
Quoting Ken A
Agreed on that. Retrace is very possible and it might boost E/U, A/U or weakening the JPY or USD bullish.
True. Although, I think with the shit economic data out of EU, the euro may follow. There was buying in the dollar and a buck from recent highs. I'm curious what will happen at G20 with this currency war shit. It just feels like the markets' backs are against the walls. When we depend on CB's endless printing of money to increase the market it is frightening.

Catalyst #1???
http://news.yahoo.com/budget-cut-war...--finance.html
When the facts change I change my mind, what do you do sir
  • #759,884
  • Feb 16, 2013 3:26pm Feb 16, 2013 3:26pm
Quoting Pip Anon
True. Although, I think with the shit economic data out of EU, the euro may follow. There was buying in the dollar and a buck from recent highs. I'm curious what will happen at G20 with this currency war shit. It just feels like the markets' backs are against the walls. When we depend on CB's endless printing of money to increase the market it is frightening.

Catalyst #1???
http://news.yahoo.com/budget-cut-war...--finance.html
The worst they can do is creating panics and the war is not helping anyone in the long term without domino effects. E/U is indecisive and markets are waiting for G-20. I personally don't think E/U will go back to 1.25 as fair value after going this far. Worst days to trade like a headless chicken.
  • #759,885
  • Feb 16, 2013 3:51pm Feb 16, 2013 3:51pm
Quoting Ken A
The worst they can do is creating panics and the war is not helping anyone in the long term without domino effects. E/U is indecisive and markets are waiting for G-20. I personally don't think E/U will go back to 1.25 as fair value after going this far. Worst days to trade like a headless chicken.
I don't think 1.25 either, but that is still 800 pips roughly from where it is now. In this climate, I think 1.4-5 is likely not going to happen. Between 2007-08, the euro topped out at 1.6ish; again, we know what happen in 2008. Politicians are trying to avoid panic with zero interest rates, massive money printing, etc., but I think it will be the very things that cause a massive retracement. Politicians do not do a very good job controlling the market. We need to let it run it's course and naturally correct. The economy is cyclical and we should see some downside.
When the facts change I change my mind, what do you do sir
  • #759,886
  • Feb 16, 2013 11:34pm Feb 16, 2013 11:34pm
Monthly and weekly timeframe gives me clear bearish signals, though it can top up until 1.38 for the full scale sell-off.
  • #759,887
  • Feb 16, 2013 11:44pm Feb 16, 2013 11:44pm
Quoting Ken A
Will find out soon enough. I am a bit suprised she lasted this long with 25K posts and all the craps trade calls after the fact.

All her posts contain 'we' 'our' meaning she is representing a group of people or organization.

.
I agree with you there ken, I am trying to hi light "Group of people or organisation" from your post but I couldn't or I don't know how to do it on my I pad
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #759,888
  • Feb 16, 2013 11:56pm Feb 16, 2013 11:56pm
Quoting Ulterior
Monthly and weekly timeframe gives me clear bearish signals, though it can top up until 1.38 for the full scale sell-off.
I am sorry to disagree, I don't see it as a "clear" signal yet, we are in a situation not only in EurUsd, SPX or YEN - no one know which way it is gonna go and which trade to take!! Specially if you are talking about weekly and monthly.

http://www.forexfactory.com/showthre...54#post6440754
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #759,889
  • Feb 17, 2013 1:47am Feb 17, 2013 1:47am
Quoting matheszabi
In this days I saw an article about Soros made another 1 milliard with U/J from December.
My idea it was to jump in now, but I see sign of weakness, maybe only because of this meetings.
as e/u idk, eu data negative, usd data positive, chart it says in 200 pip should reverse the downtrend, so idk...

G/U has room for 300 pip more max
u/j as i see and could b wrong targeting 100 maybe higher
  • #759,890
  • Feb 17, 2013 2:23am Feb 17, 2013 2:23am
1-The Doji is a powerful Candlestick formation, signifying indecision between bulls and bears
2-Move down to a lower time frame and see what is happening inside of that doji
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  • #759,891
  • Feb 17, 2013 2:37am Feb 17, 2013 2:37am
Quoting Atlast
Benefit of only intraday trading limits potentia loss.
EU clear uptrend, but intraday better to keep trading the shorts at exhaustion points.
EU to 1.40-1.42.

How many didn't benefit from this since feb 2nd.
Now watch egkid's analysis :-)
Trading is easy when you pick a side and go with it. Thats the only way to make real money. Don't let the market shake you out of a good position. Especially if you trade long term, but if trading short term limit losses and take opportunities to average in.
  • #759,892
  • Feb 17, 2013 2:49am Feb 17, 2013 2:49am
Quoting Atlast
Benefit of only intraday trading limits potentia loss.
EU clear uptrend, but intraday better to keep trading the shorts at exhaustion points.
EU to 1.40-1.42.

Spot on although off by 300-500 pips. Now the question what is bear exhaustion point to trade up?
  • #759,893
  • Feb 17, 2013 4:04am Feb 17, 2013 4:04am
EU H4

Trend is our friend - but waiting on a good looking candle ...
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  • #759,894
  • Feb 17, 2013 4:33am Feb 17, 2013 4:33am
Quoting chazzle
EU H4

Trend is our friend - but waiting on a good looking candle ...

Agree with your chart. 1.3250 should be the threshold.
  • #759,895
  • Feb 17, 2013 4:36am Feb 17, 2013 4:36am
my new weapons to be tested !! I am very curious about the template at 1m
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  • #759,896
  • Feb 17, 2013 4:36am Feb 17, 2013 4:36am
Quoting Ken A
Agree with your chart. 1.3250 should be the threshold.
Go to bed you freak...!
  • #759,897
  • Feb 17, 2013 4:37am Feb 17, 2013 4:37am
I think that the pair will go to a range between 1.33427 and 1.33751 in the hours before London open what did you think about that possibility?
  • #759,898
  • Feb 17, 2013 5:20am Feb 17, 2013 5:20am
doji formation
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just live a life, don't be hard.
  • #759,899
  • Feb 17, 2013 6:22am Feb 17, 2013 6:22am
Quoting Ken A
Agree with your chart. 1.3250 should be the threshold.
bit of a no man's land - 250/400 - perfect for some crappy monday PA let's see
  • #759,900
  • Feb 17, 2013 6:55am Feb 17, 2013 6:55am
After the G20 meeting of finance ministers and central bankers I feel quite comfortable with my short EUR/USD-position (first target 1.3280, then 1.3220). The results of the meeting and the final statement were much clearer than anticipated. On top of that, I expect uncertainties around the elections in Italy and the rumors about the Spanish PM Rajoy being involved in curruption etc to weigh bearish on the EUR.

Happy to share thoughts!
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