The euro seems to be pausing right above the 1.3150 psychological support level, the lenght of the engulfing bearish candlestick on the 30m signals a resumption to the short bias, i think the 1.3150 psychological support will be penetrated, any ideas or suggestions on the euro? This is my first time posting in this thread btw, my name is Anas, hi everyone!!!
- #3,262
- Feb 22, 2013 5:26am Feb 22, 2013 5:26am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
Read Charts - Not Papers
- #3,263
- Feb 22, 2013 7:44am Feb 22, 2013 7:44am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Got lucky, I cannot suspend you, I am sure Twee will do, the amount of promotion in this thread is staggering.
Pis off from my porch
.... GL controlling spammers and trolls ...I don't really envy you ....Hi sisse.
I don’t quite agree with you.
I do write my new scenario every morning and I think it is essential to have a plan before I click BUY or SELL.
One day I am bearish, next I could be bullish. 24 hours bring so many news that sentiment can change two or three times in a day…
One morning all the targets seem to be a matter of hours, the next one it’s completely unrealistic.
It happens quite often that the plan does not work, it does for me, but you know what to do..., you must have a plan…
by the way.... what is "Analyst Syndrome"?
cheers...
He keep posting "this is what happened" and the next there is double scenario sell or buy (yeap no shit) in a static chart without any dynamic context (FA, TA and Timing) but only with "if this" and "that" I "may" depending if "this" analysis" (that is Analyst Syndrome) but this strong xx.xx level is guarantee to be tested 100% sure, etc, etc ....the last 3 times (not this one yet) the call and flood of post across FF after were off range target and to make things even worse at the last highs and lows of the swings...
In any case, when you are swing trading daily/weekly ranges ...you don't just change your outlook on a micro H1 pullback or break in the middle of nowhere at a no man land time and declare to the world that you found the Holy Grail and the next target is guarantee... it just annoying ...
I don't want to make noise or waste time with this, I was giving him my 2 cents from the last conversation we had. ...so let's leave there...
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
- #3,264
- Feb 22, 2013 8:54am Feb 22, 2013 8:54am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
You didn't get the point mate. It wasn't about having and adapting a plan. From your comments you are quick intraday trader but in the case of the prev poster he is posting large swing trades.(...)
sisse
The problem on FF is not too many traders put on their thorough analysis BEFORE major moves are drawn on charts with logical, yet easy to understand analysis…
What I can mostly see here is “oh, I earned $1000”, “I easily took 200-300 pips” etc etc…
When I post something here it’s mostly an invitation to discussion, and I am happy if someone query the chart BEFORE something happens there.
I am happy to hear someone agree or not with any reasonable explanation.
Any comments AFTER does not make any sense, because I can read about it any newspaper, hehehe
So when someone tells me “buuuuuuu, you were wrong”, I am asking why you didn’t tell me this BEFORE that happened… now I know myself
For now, I feel very comfortable on lower time frames, and mastered money management and entries up to the pips, so I can afford playing with high leverage.
Now I am looking through other traders shoulder how they catch larger swings like 150-300 pips.
With very precise entries, high leverage and large movements this could create an excellent risk-reward ratio.
Heh... the problem is the further I go up from 1-5M timeframe, the harder it’s to stay calm in a trend.
Any corrective movements on high leverage are so damnnnnn painful.
Stay in green buddy....
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Read Charts - Not Papers
- #3,265
- Feb 22, 2013 4:58pm Feb 22, 2013 4:58pm
- Joined May 2007 | Status: Trader | 4,268 Posts
sissy,man...
u need to get some of this then u won't be so uptight about what others post or think.
u need to get some of this then u won't be so uptight about what others post or think.
Inserted Video
You didn't get the point mate. It wasn't about having and adapting a plan. From your comments you are quick intraday trader but in the case of the prev poster he is posting large swing trades. His directional "certainties" has been way off, because he has dismissed the major FA and TA factors (only valid for those TF not for a micro M15 chart) and only flood FF with analysis when charts were already turned around (and in some case finished the moves) and clear...
- #3,266
- Mar 1, 2013 12:22pm Mar 1, 2013 12:22pm
- | Commercial User | Joined Jan 2013 | 1,169 Posts
"markets traded by programs/HFT offer a significant trading edge..."
- #3,269
- Mar 3, 2013 3:02pm Mar 3, 2013 3:02pm
- | Commercial User | Joined Jan 2013 | 1,169 Posts
"markets traded by programs/HFT offer a significant trading edge..."
- #3,270
- Mar 4, 2013 4:45am Mar 4, 2013 4:45am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #3,271
- Mar 6, 2013 8:43am Mar 6, 2013 8:43am
- | Commercial User | Joined Jan 2013 | 1,169 Posts
"markets traded by programs/HFT offer a significant trading edge..."
- #3,274
- Mar 7, 2013 7:06am Mar 7, 2013 7:06am
- | Commercial User | Joined Jan 2013 | 1,169 Posts
"markets traded by programs/HFT offer a significant trading edge..."
- #3,275
- Edited 7:43am Mar 9, 2013 6:01am | Edited 7:43am
- | Joined Apr 2012 | Status: Trader | 1,621 Posts
Hi everybody,
I just skimmed through the last two pages of this thread and it seems like a nice place to post some thoughts (feedback is encouraged). Iīm slightly bullish on EURUSD for at least next week - I think a correction is overdue because of the most recent fundamental developments.
First, I think that the hung Italian parliament is priced in by now. The papers I read give me the impression, that some sort of government will be formed in the coming weeks (be it minority or technocrat, which is what Napolitano favors at the moment, I believe). The US seem to get a handle on the sequester (house passed a bill), recent ITA/ESP/FRA bond auctions went better than expected and, of course, we witnessed an upbeat Draghi on Thursday, who dismissed the possibility of rate cuts in the near future.
On the downside we have the dollar index hitting record highs (which can be attributed to yen weakness, but I couldnīt say to what extent), the overshoot in NFP (prospective end of QE, if you believe it), the last LTRO repayment was only half of what was expected, Germany missed some of its numbers (factory orders were particularly bad) and Italy got downgraded (which showed only a muted reaction in NY trading, though. After all, it was only Fitch).
Technically (see D1 chart below) weīre still trading in a narrow downchannel, but failed to close below 1.3 for the second consecutive week, thus respecting the "Merkel range" (she recently said, that 1.3-1.4 was the historical normal range for the pair.) Now, if we can break this channel to the upside next week Iīll try to buy on the retest (and maybe even earlier, if I feel lucky). Thatīs all for now.
I just skimmed through the last two pages of this thread and it seems like a nice place to post some thoughts (feedback is encouraged). Iīm slightly bullish on EURUSD for at least next week - I think a correction is overdue because of the most recent fundamental developments.
First, I think that the hung Italian parliament is priced in by now. The papers I read give me the impression, that some sort of government will be formed in the coming weeks (be it minority or technocrat, which is what Napolitano favors at the moment, I believe). The US seem to get a handle on the sequester (house passed a bill), recent ITA/ESP/FRA bond auctions went better than expected and, of course, we witnessed an upbeat Draghi on Thursday, who dismissed the possibility of rate cuts in the near future.
On the downside we have the dollar index hitting record highs (which can be attributed to yen weakness, but I couldnīt say to what extent), the overshoot in NFP (prospective end of QE, if you believe it), the last LTRO repayment was only half of what was expected, Germany missed some of its numbers (factory orders were particularly bad) and Italy got downgraded (which showed only a muted reaction in NY trading, though. After all, it was only Fitch).
Technically (see D1 chart below) weīre still trading in a narrow downchannel, but failed to close below 1.3 for the second consecutive week, thus respecting the "Merkel range" (she recently said, that 1.3-1.4 was the historical normal range for the pair.) Now, if we can break this channel to the upside next week Iīll try to buy on the retest (and maybe even earlier, if I feel lucky). Thatīs all for now.
- #3,276
- Mar 9, 2013 9:15am Mar 9, 2013 9:15am
- | Commercial User | Joined Jan 2013 | 1,169 Posts
"markets traded by programs/HFT offer a significant trading edge..."
- #3,277
- Mar 9, 2013 9:21am Mar 9, 2013 9:21am
- | Commercial User | Joined Jan 2013 | 1,169 Posts
Hello Myo,
I like your thorough analysis and although I never try to read too much into fundamentals because we never know what is reflected and what is not yet and when fundamentals will start having a grasp on price, I have to say that it makes sense (not an endorsement).
Of course technicals are what counts and I agree with your analysis. Would not give too much meaning to the 1.30-1.40 range, because I believe deep pockets money are free to move price of the Euro for hundreds of pips. Indeed my analysis says that we could see 1.2900 and participation in that area from professionals and program trading.
Good work though.
Just my 2 cents.
I like your thorough analysis and although I never try to read too much into fundamentals because we never know what is reflected and what is not yet and when fundamentals will start having a grasp on price, I have to say that it makes sense (not an endorsement).
Of course technicals are what counts and I agree with your analysis. Would not give too much meaning to the 1.30-1.40 range, because I believe deep pockets money are free to move price of the Euro for hundreds of pips. Indeed my analysis says that we could see 1.2900 and participation in that area from professionals and program trading.
Good work though.
Just my 2 cents.
Hi everybody,
I just skimmed through the last two pages of this thread and it seems like a nice place to post some thoughts (feedback is encouraged). Iīm slightly bullish on EURUSD for at least next week - I think a correction is overdue because of the most recent fundamental developments.
First, I think that the hung Italian parliament is priced in by now. The papers I read give me the impression, that some sort of government will be formed in the coming weeks (be it minority or technocrat, which is what Napolitano favors at the moment, I believe)....
"markets traded by programs/HFT offer a significant trading edge..."