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  • #778,521
  • Mar 26, 2013 3:45pm Mar 26, 2013 3:45pm
Quoting gatorinla
i have another reading. start below 2933.3 (camdle has to open below 2933.3)and close above 2975.5... this one will be a little tweak lower to 2775. w/o the red the bulls most times are bs.. and the target valid 2775 min
sos
http://www.forexfactory.com/attachme...1&d=1363670891
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those who can, do. those who cant, talk about those who can
  • #778,522
  • Mar 26, 2013 3:45pm Mar 26, 2013 3:45pm
good evening guys,

just placed a pending long @ 2847 , SL @ 2827 for the night hours.

I can hardly believe that another move down (especially a healthy one) is going to happen without some more retracement.
Normally I would at least expect 38.2 level, ie 2923. But until I´m back @ my PC in the morning, I will have TP set slightly below 23.6 ie 2890.

not a single down of >170 pips continued after not retracing to at least 38.2 within the ongoing downtrend:

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  • #778,523
  • Mar 26, 2013 3:45pm Mar 26, 2013 3:45pm
Quoting SugarPink
Hmm.. I belive that is true, but on the reason the risk of another thing to show up from the euroarea is big, not to talk about the real economy you can't expect any help from there. so as long as this stays here the more risk of down move.
They'll (Draghi and Co.) will never admit to the real condition. They keep wanting to sugar coat everything - I think it's all a ruse to avoid printing money. However, this will only further hurt Europeans.

Everyday there is prime example about the confusion and disorganization. One official will say something only to refute that they said it three hours earlier. Europe is discombobulated.
When the facts change I change my mind, what do you do sir
  • #778,524
  • Mar 26, 2013 3:50pm Mar 26, 2013 3:50pm
Quoting Pip Anon
Well I agree what it is "lost," but I did notice the consolidation zones. Given the move down, it may move up or continue to consolidate for more downside. I think the mentality of the market wants to just move past Cyprus and move on to the next insolvent country. The longer it stays in this zone the better chance to move down - I believe.
Given your posts from early AM 'til now
one thing's for sure
you will never be wrong

maybe never right either but ,hey
who cares
When the Joker is in the deck.. fear not and play it well
  • #778,525
  • Mar 26, 2013 3:52pm Mar 26, 2013 3:52pm
Quoting Pip Anon
They'll (Draghi and Co.) will never admit to the real condition. They keep wanting to sugar coat everything - I think it's all a ruse to avoid printing money. However, this will only further hurt Europeans.

Everyday there is prime example about the confusion and disorganization. One official will say something only to refute that they said it three hours earlier. Europe is discombobulated.
yeah.. its a mess, although it was a mess at 1,37 .. I still can't belive it went there. I think it was one of those moves I didnt understood at all and still don't.. probably never will..
"You're solid gold, see you in hell"
  • #778,526
  • Mar 26, 2013 3:56pm Mar 26, 2013 3:56pm
Quoting SugarPink
yeah.. its a mess, although it was a mess at 1,37 .. I still can't belive it went there. I think it was one of those moves I didnt understood at all and still don't.. probably never will..
Well the problem I think with the euro has it becomes so short the cover is massive. I remember during the Greece thing last year it was record shorts that short covers with 150 pts. and more
When the facts change I change my mind, what do you do sir
  • #778,527
  • Mar 26, 2013 3:59pm Mar 26, 2013 3:59pm
Quoting Pip Anon
Well the problem I think with the euro has it becomes so short the cover is massive. I remember during the Greece thing last year it was record shorts that short covers with 150 pts. and more
short covers with 150 pts ? what does this mean ?
cover is massive? I dont know what you mean.
"You're solid gold, see you in hell"
  • #778,528
  • Mar 26, 2013 4:01pm Mar 26, 2013 4:01pm
Quoting SugarPink
short covers with 150 pts ? what does this mean ?
cover is massive? I dont know what you mean.
Short cover is when short positions are closed out. The euro likes to accumulate massive short positions.
When the facts change I change my mind, what do you do sir
  • #778,529
  • Mar 26, 2013 4:08pm Mar 26, 2013 4:08pm
Quoting Pip Anon
Short cover is when short positions are closed out. The euro likes to accumulate massive short positions.
ah yeah. but 150 pts ? 150 pts of what
"You're solid gold, see you in hell"
  • #778,530
  • Mar 26, 2013 4:11pm Mar 26, 2013 4:11pm
Quoting SugarPink
ah yeah. but 150 pts ? 150 pts of what
pips. i tend to call them pts.
When the facts change I change my mind, what do you do sir
  • #778,531
  • Mar 26, 2013 4:13pm Mar 26, 2013 4:13pm
Of course
at some point in time
it may accumulate massive
long positions

Will the psychology of traders
make a difference ?


idk
When the Joker is in the deck.. fear not and play it well
  • #778,532
  • Mar 26, 2013 4:15pm Mar 26, 2013 4:15pm
Quoting Slim Buffett
Of course
at some point in time
it may accumulate massive
long positions

Will the psychology of traders
make a difference ?


idk
yeah.. But covering can move price a lot and overshoot it.. thats true.
"You're solid gold, see you in hell"
  • #778,533
  • Mar 26, 2013 4:25pm Mar 26, 2013 4:25pm
Quoting SugarPink
yeah.. But covering can move price a lot and overshoot it.. thats true.
What we have here is failure to care about

anything except the method that you're trading

Look at a chart
what would you do ??
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When the Joker is in the deck.. fear not and play it well
  • #778,534
  • Mar 26, 2013 4:28pm Mar 26, 2013 4:28pm
Looks like its tired of playing between the 1.2880 resistance and the 1.2840 support, looks like it wants to finally break the resistance and be done with it, maybe next stop into the 1.29xx zone perhaps.
prepare for worst & expect the best
  • #778,535
  • Mar 26, 2013 4:31pm Mar 26, 2013 4:31pm
Quoting Slim Buffett
What we have here is failure to care about

anything except the method that you're trading

Look at a chart
what would you do ??
Oh I was thinking he was talking about the 1,37 move.
I don't know what I would do now. I don't care about charts really.. :- p I like to draw regression lines though. becase its a line that is at the same distance of all points that it is feeded to her. Thats cool information to know how it will look like :- p
"You're solid gold, see you in hell"
  • #778,536
  • Mar 26, 2013 4:36pm Mar 26, 2013 4:36pm
Long @ 1,2843. 0,10 lots.
  • #778,537
  • Mar 26, 2013 4:48pm Mar 26, 2013 4:48pm
Quoting Pip Anon
Well I agree what it is "lost," but I did notice the consolidation zones. Given the move down, it may move up or continue to consolidate for more downside. I think the mentality of the market wants to just move past Cyprus and move on to the next insolvent country. The longer it stays in this zone the better chance to move down - I believe.
Bro, I think you can forget Greece Cyprus Ialy Spain etc etc, they are just pathetic ECB EEC dirty tactics, which euro has stunk of sinceits inception.

The EU rally from July 2012 was predominatly generated by BOJ Interventions, the rest is just stop go catalysts
Monthly EU Chart, cross reference with yen prs it is crystal clear, BOJ sidelines, euro takes a bashing, (also GBP)

Why is eu stuck here, couple reasons on chart others people have lots other reasons, 50 fib of present rally, breach of rising tl, mid ma,s 200 & 50, mid monthly levels, and just look to the left, some pretty strong historic supports, I will repeat, pa is at levels of 50/50, very good chance of bounce from here, but also very good chance of break down, monthly weekly daily 12hr is screaming be careful

People who are saying up and some saying down are both correct, but only one pa will respect, either way hold on your hat
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If you are new to Forex? Say Goodbye to your account!!
  • #778,538
  • Mar 26, 2013 4:51pm Mar 26, 2013 4:51pm
Quoting Pip Anon
They'll (Draghi and Co.) will never admit to the real condition. They keep wanting to sugar coat everything - I think it's all a ruse to avoid printing money. However, this will only further hurt Europeans.

Everyday there is prime example about the confusion and disorganization. One official will say something only to refute that they said it three hours earlier. Europe is discombobulated.
I understand your reason to sell is perfectly legitimate one, technical on charts and indicators surely suggest down after the Mondays down move, along with Mondays fundamental of Cyprus second largest bank collapse, today has a lot of technical/fundamental drama too which wasn't very convincing to go long.

But who's going to move the market, not anyone's bearish comments on the forum topic or viewers thinking and placing retail trades on the sell side.

It's the price , the probability and the RR.

We very well know from last week, it did go to 1.30 and it's inclined to go to 1.30 and also the governments and the Angela merkel and the union want eurozone to go into the positive.

Having said that, traders still seem to respect that 1.2840 support and buying them, because the risk.. maybe 50 pip or less close to the round number of Stoploss placement before 1.2800, the reward .. all the way to 1.30 or in the 1.29xx zone, the probability = good.

Whearas, selling here for example say at 1.2880 .. the risk ? 1.30 or 1.3040-50 the weeks high? the reward and reason for reward = bad news or possible more bad news and negative sentiment. the probability = not that good considering the risk.

Just my view, why i have gone long on this at 1.2850 SL-1.2800 .. I see better reward at the cost of less risk and many people are getting in that for this prospect
prepare for worst & expect the best
  • #778,539
  • Mar 26, 2013 4:52pm Mar 26, 2013 4:52pm
morning...
  • #778,540
  • Mar 26, 2013 4:58pm Mar 26, 2013 4:58pm
Quoting tony_dtrader
I understand your reason to sell is perfectly legitimate one, technical on charts and indicators surely suggest down after the Mondays down move, along with Mondays fundamental of Cyprus second largest bank collapse, today has a lot of technical/fundamental drama too which wasn't very convincing to go long.

But who's going to move the market, not anyone's bearish comments on the forum topic or viewers thinking and placing retail trades on the sell side.
I never said my comments on a thread would effect the trade. However, it is my responsibility in regards to my own trading to analyze, breakdown and interpret data, and I just happen to share my thoughts.

Just because I, or another, is long-term bear does not mean we don't see potential upside or vice versa. I do not plan to push the markets with my relatively small capital, but I do intend to aim for my best opportunities to make some money.
When the facts change I change my mind, what do you do sir
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