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  • #782,321
  • Apr 4, 2013 2:56am Apr 4, 2013 2:56am
Quoting forex4india1
sir I immediately posted the next quote. It is the nearest resistance from this price and should hold
actually on EURJPY i dont see any significant resistance on the daily until 123.90/124
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #782,322
  • Apr 4, 2013 2:57am Apr 4, 2013 2:57am
Quoting pipsallday
morning buddy
my frieeend!! wssup mate, everything good I reckon?!
_________

audcad half +45
audusd half +55
gbpcad half +45

still hold the rest on other pigzz also!
  • #782,323
  • Apr 4, 2013 2:58am Apr 4, 2013 2:58am
Quoting Pip Anon
Poor services PMI from France and Germany...
poor services PMI only put the dampeners on the EURJPY temporarily....
im pretty sure the NY Boys will try to drive the EURJPY further up or even retest highs given the news Japan's came out with...
anyways im heading back to sleep, enough bickering from me.... all the best guys!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #782,324
  • Apr 4, 2013 2:58am Apr 4, 2013 2:58am
Quoting Mr Hatch
GL.
did not enter luckily stop entry was not hit it went right the other direction...
  • #782,325
  • Apr 4, 2013 2:59am Apr 4, 2013 2:59am
Quoting fxtyrant
actually on EURJPY i dont see any significant resistance on the daily until 123.90/124
i have 122,45 which is in play atm....otherwizze 124.82
  • #782,326
  • Apr 4, 2013 2:59am Apr 4, 2013 2:59am
Quoting fxtyrant
poor services PMI only put the dampeners on the EURJPY temporarily.... im pretty sure the NY Boys will try to drive the EURJPY further up or even retest highs given the news Japan's came out with...
Yea, primarily meant that for EURUSD. Give it a little kick start
When the facts change I change my mind, what do you do sir
  • #782,327
  • Apr 4, 2013 2:59am Apr 4, 2013 2:59am
EJ still got an erection
and EU lost its appetittes
Everything in the world has its own rhytms
  • #782,328
  • Apr 4, 2013 3:00am Apr 4, 2013 3:00am
Quoting 21vs7
my frieeend!! wssup mate, everything good I reckon?! _________ audcad half +45 audusd half +55 gbpcad half +45 still hold the rest on other pigzz also!
good to see your on the + side
not on yet was away for a few days
so ill sit back for now and wait for something gooooood

look at the eur usd fall
Trade What You See Not What You Want To See
  • #782,329
  • Apr 4, 2013 3:00am Apr 4, 2013 3:00am
Quoting fxtyrant
sigh people trying to pick top out when the rocket is obviously flying sky high.... can they not let the rocket finish with its fuel before deciding how high it went?
its not a question of picking the top. what is resistance on the daily holds.
  • #782,330
  • Apr 4, 2013 3:01am Apr 4, 2013 3:01am
it fits the mold for me.. i was looking for a scalp earlier. but this is what i wanted for 112.1x.... 121.34 may end up being a st one... if not i lose nothing
those who can, do. those who cant, talk about those who can
  • #782,331
  • Apr 4, 2013 3:01am Apr 4, 2013 3:01am
Quoting fxtyrant
actually on EURJPY i dont see any significant resistance on the daily until 123.90/124
I see a couple of close zones before that area on my 4H intraday, starting around 123.44 and going through 124.50. Rally base drop type levels. No matter how you define a level those areas should stick out like a sore thumb on a 4H candlestick.
  • #782,332
  • Apr 4, 2013 3:02am Apr 4, 2013 3:02am
cable bears are attacking present 12hr rally 50fib, data in 30 and again in 2 1/2 hrs going to be an interesting night for gbp
If you are new to Forex? Say Goodbye to your account!!
  • #782,333
  • Apr 4, 2013 3:02am Apr 4, 2013 3:02am
Quoting Pip Anon
Poor services PMI from France and Germany...
was expecting that from france. I knew these lines of mine are still valid. they asked for 2700
  • #782,334
  • Apr 4, 2013 3:03am Apr 4, 2013 3:03am
Quoting ec_creep
thx for that. yes, real a/c. on a new broker, just moved to this one some weeks ago. but don't regard me highly. my uj's are extremely small in sizes. tbh, I know jackshit on the yens
man u made 10k in ur trades, this is awesome, is this tiny size? I mean what size do u normally trade?
  • #782,335
  • Apr 4, 2013 3:03am Apr 4, 2013 3:03am
Quoting gatorinla
it fits the mold for me.. i was looking for a scalp earlier. but this is what i wanted for 112.1x.... 121.34 may end up being a st one... if not i lose nothing
I had 121.20s on me mind... Good, not too far away... SL @BE 122.60 now...
  • #782,336
  • Apr 4, 2013 3:04am Apr 4, 2013 3:04am
Quoting pipsallday
good to see your on the + side not on yet was away for a few days so ill sit back for now and wait for something gooooood look at the eur usd fall
dont know better!

dont have a signal on eu yet. both currencies on a buy with me so im out...looks bearish yes. still, ECB td dont wanna touch it just yet.

2778/63 I see i guess
  • #782,337
  • Apr 4, 2013 3:05am Apr 4, 2013 3:05am
Quoting math_GB
I had 121.20s on me mind... Good, not too far away... SL @BE 122.60 now...
122.79 should hold but it will again come close to that price once before dragass
  • #782,338
  • Apr 4, 2013 3:06am Apr 4, 2013 3:06am
Quoting ec_creep
was expecting that from france. I knew these lines of mine are still valid. they asked for 2700
Yes, Im looking for 1.275. Even with Draghi later. I think whatever he will say will disappoint. I feel a avalanche coming. Looking to short cable, still in Aussie
When the facts change I change my mind, what do you do sir
  • #782,339
  • Apr 4, 2013 3:07am Apr 4, 2013 3:07am
Quoting Derextreme
A question Dr Doom. Why instead of buying the dip, you shorted? Because of the overall downtrend?
That is a very good question, it is very rare for me to enter long and short trades on the same day because it is an easy way to burn accounts. I normally only do this if price hits a projected turn zone.

In this case we have a number of things happening that have led me to take such a risk....

we have had nearly a 400 pip rise and we all know "prices do not go in straight lines", but more importantly behind that quote is a reason a large move means large profits for some ergo momentum will fade and profits will be taken. Normally I would sit aside the retrace and await a new long entry but in this case the move is so big the retrace itself becomes trade worthy if done very carefully.

the next reason is that this move up is still counter trend on the daily (see earlier chart) and whilst predicted, and could possibly end the correction early is has yet to exceed point wB on the chart and therefore shorts are still trade worthy.

next the momentum has been caused by a meeting confirming various activities yet to be taken. So there is potentially room for retrace and reload before the main event when the actions start to confirm the words.

The first short I entered was 15 minutes before London open, a normally quiet point with the opportunity of London turning up to take some profits and support the retrace option.

Then there was the PA on the chart (tick chart) lower high around the Monthly pivot.

But to demonstrate the risk, I have had 2x short trade so far and 2x BE

I currently have another short running

I hope that explains the short....

Now do I see continuation of the correction down to 117.xx minimum, I really do not know, this is where high probability technical can sometimes get pushed to one side because of a strong fundamental shift in policy. so we shall have to wait and see what unfolds. but we are still operating inside 118.0x and 126.0x swing
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  • #782,340
  • Apr 4, 2013 3:07am Apr 4, 2013 3:07am
Quoting math_GB
I had 121.20s on me mind... Good, not too far away... SL @BE 122.60 now...
ypp at 1070.xx... mid 117.xx...plus if we do make some lows now we have steps forming.
those who can, do. those who cant, talk about those who can
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