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  • #787,221
  • Apr 12, 2013 9:23pm Apr 12, 2013 9:23pm
Quoting KiwiTrada
ByeBye gbp see you at the bottom of the cliff
Yes agreed as per my charts monthly resistance comes at 1.5422 and it stopped exactly there for the month. I am short with 1.5200 atleast
  • #787,222
  • Apr 12, 2013 9:25pm Apr 12, 2013 9:25pm
was this last 1 hr rise due to fall in usd/jpy?
  • #787,223
  • Apr 12, 2013 9:38pm Apr 12, 2013 9:38pm
Quoting SugarPink
I don't know.. This gold selling off.. USD not affected.. SP500 and DOW on highs. JPY policies changed somethings. Its not clear for me.
i did bought gold. and prepare to take the risk . if the price touch 1450, i broke my account. if the price touch 1520, i'm quite happy
Everything in the world has its own rhytms
  • #787,224
  • Edited 11:12pm Apr 12, 2013 9:44pm | Edited 11:12pm
Quoting COopa
i did bought gold. and prepare to take the risk . if the price touch 1450, i broke my account. if the price touch 1520, i'm quite happy
look it is in a downtrend and you are trying to catch a falling knife. let it rally for 2-3 days. then add. a billionaire investor like john paulson has lost 300 million in gold
  • #787,225
  • Apr 12, 2013 11:03pm Apr 12, 2013 11:03pm
Quoting Qatari man
start this week with amount: 82000 euro and end this week with amount: 462000 euro
It not magic but common sense.

What is left to say its just math the purest principle, But I fear the rest of the E FX community does not get it to their own destruction. This type of flash in the pan gain is nothing to admire.

I am done a fool and their money will go their separate ways....Time will tell if I am right or full of sh*t. This gain can not be maintained for the long haul.
Trade smaller than rational because the market is irrational...
  • #787,226
  • Apr 13, 2013 1:24am Apr 13, 2013 1:24am
Quoting EuroTraderJD
It not magic but common sense. What is left to say its just math the purest principle, But I fear the rest of the E FX community does not get it to their own destruction. This type of flash in the pan gain is nothing to admire. I am done a fool and their money will go their separate ways....Time will tell if I am right or full of sh*t. This gain can not be maintained for the long haul.
agree. yet i wish i had the same account.
i would stop all trading for 2 weeks and go in thailand.

Then think what to do with all of this
  • #787,227
  • Apr 13, 2013 1:49am Apr 13, 2013 1:49am
Quoting Qatari man
start this week with amount: 82000 euro and end this week with amount: 462000 euro
demo or real account?

edit:just saw the pic below , too risky imo.
  • #787,228
  • Apr 13, 2013 4:05am Apr 13, 2013 4:05am
Quoting ec_creep
dr. doom has another view, I haven't asked him yet, whether that break of 3133 invalidated the downside correction.
no the EU correction scenario is valid so long as the top remains as 1.3138 if that gives then correction is over.

the move up late on friday actually helps the scenario allowing for some initial correction target zones of: 1.3012/25 then 1.298x and then 1.2940/61

these are based on the swing 1.2745 to 1.3138 if it gets to the lower of those targets or it drops and pulls up again without taking the top out then updated calculations will follow
  • #787,229
  • Apr 13, 2013 5:22am Apr 13, 2013 5:22am
Quoting MaxDoom
no the EU correction scenario is valid so long as the top remains as 1.3138 if that gives then correction is over. the move up late on friday actually helps the scenario allowing for some initial correction target zones of: 1.3012/25 then 1.298x and then 1.2940/61 these are based on the swing 1.2745 to 1.3138 if it gets to the lower of those targets or it drops and pulls up again without taking the top out then updated calculations will follow
thank you for taking the time there, dr. I missed your latest update on eu, just went and read that one. thank you... speaking of H&S, the spike up to 3074, then dip to 3036, was a double fake from an inverted H&S on m15.

FA speaking, the recent bad data from the states, and how france (which is what I've been waiting) and germany starting to come up with better data, I honestly wouldn't have the slightest clue on where this is going. I haven't read and digested what uncle ben said last night though, that's for tomorrow, sunday

enjoy your morning coffee there, am taking my 2nd cup of evening coffee lol
  • #787,230
  • Apr 13, 2013 5:40am Apr 13, 2013 5:40am
Quoting divak
agree. yet i wish i had the same account. i would stop all trading for 2 weeks and go in thailand. Then think what to do with all of this
I wouldn't wanna spend any of that yet, if I were to grab that much as well. withdraw half, set them aside in a bank. then keep trading with the other half. in my country, 1% each month from 200k is extremely good money to live of from. keep making from that for 3-5 years, then decide what other investments can i bank some of those money onto. though I do agree, I would not want to trade like that.

but that's real lucky of qatari. I sure hope he doesn't stop learning things. no one is perfect, nothing is perfect. humans are a perfect creation. and what we do here, is trying to predict what will that perfect creation is gonna do with prices. fuck me, for having chosen the most difficult profession ever

enough rambles
cheers...
  • #787,231
  • Apr 13, 2013 9:08am Apr 13, 2013 9:08am
on short term,bullish is above 1.3050 at least.Just look at the chart simply.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 2013.04.13.jpg Size: 136 KB
A chart helps those who can read it.
  • #787,232
  • Apr 13, 2013 9:57am Apr 13, 2013 9:57am
Euro will be crossing the 1.3138 then 1.3160 both are minor resistances. The real challenge will be 1.3220. Breaking this mark will indicate that the bullish trend is sustainable on the long run. However I believe we will see some consolidation in the area between 1.3080 to 1.3110.
  • #787,233
  • Apr 13, 2013 10:25am Apr 13, 2013 10:25am
interesting article:

http://www.nytimes.com/interactive/2...ions.html?_r=0
  • #787,234
  • Apr 13, 2013 10:55am Apr 13, 2013 10:55am
Quoting COopa
i did bought gold. and prepare to take the risk . if the price touch 1450, i broke my account. if the price touch 1520, i'm quite happy
Its a really big sell off COopa :X
"You're solid gold, see you in hell"
  • #787,235
  • Apr 13, 2013 11:48am Apr 13, 2013 11:48am
Please be wary of those making one shot sweeping statements, about where the price will go and what the levels mean without any charts or analysis.

1.313x is definitely not a minor resistance level just look at how price has respected this level on so many occasions in the past.
Attached Image (click to enlarge)
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  • #787,236
  • Apr 13, 2013 1:17pm Apr 13, 2013 1:17pm
Can we expect GAP DOWN on EURO/USD on market open????
  • #787,237
  • Apr 13, 2013 2:06pm Apr 13, 2013 2:06pm
Quoting Qatari man
start this week with amount: 82000 euro and end this week with amount: 462000 euro

Qatari!!! Who is your broker?
  • #787,238
  • Apr 13, 2013 2:25pm Apr 13, 2013 2:25pm
Quoting uncletrumpet
Qatari!!! Who is your broker?
It says XEMarkets in trade explorer
  • #787,239
  • Apr 13, 2013 3:52pm Apr 13, 2013 3:52pm
Hmmm.. I've been doing some research.
I think after months of QE and now BOJ policies there is so much the markets can take before they start to go abnormal. and they are showing signs of that. Cash needs to go somewhere, and what matters is only cash.
Its possible that the dollar is starting to devalue permanently with months of QE already being done.
This cash injections are so big that they distorted almost all markets, risk is being priced as 0.
scary stuff
"You're solid gold, see you in hell"
  • #787,240
  • Apr 13, 2013 4:15pm Apr 13, 2013 4:15pm
Look at this wonderful post from a (once) real FX trader:
http://brucekrasting.com/the-scariest-hours/
"You're solid gold, see you in hell"
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