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  • #788,181
  • Apr 16, 2013 6:40am Apr 16, 2013 6:40am
Once again, I am too slow to follow intraday PA. I got kicked out by that last wick down, SL was at ,3035. Should have been ,3025, but I saw bull coming, so got greedy (my favourite) bought more and moved SL 10 pips higher, in order to loose 0,4% and miss the move . Yea, I am the best intraday trader ever.

Anyway, me thinks NY will pick up late longs and retrace, before moving further north. We may be set for ,3197 top today.
"I know one thing, that I know nothing." Sokrates
  • #788,182
  • Apr 16, 2013 6:42am Apr 16, 2013 6:42am
Quoting EuroTraderJD
Hey Bro. That is why I try not to think about why XYZ news event will do ABC. That was a TOUGH habit for me to break as I was orginally a FA trader. I forcibly make myself just trade what I see. I was still sleepy eyed and saw the PA break above the 5 SMA with the RSI3 rising. My confirming indos gave a go also so I executed and went back to bed. Nice to wake up to 55+ and a short at a good place. I try to have one good trade at a time while dancing with Ms Market.
Everybody is trying to find a FA reason to their trade, and 99% of the people in here don't know anything about it...me including

I listen only to ONE guy about FA, it's Sisse...his comments are pure gold.

Since most of the guys in here day trade, i don't know how they can day trade with FA lol
COT: The precious data ignored
  • #788,183
  • Apr 16, 2013 6:44am Apr 16, 2013 6:44am
IMO 1.3070 will be tested soon...
  • #788,184
  • Apr 16, 2013 6:45am Apr 16, 2013 6:45am
Quoting mohan76
cable bit anoying i have closed my long my target was 5340 endup closing for 2 pip edit : looks it's going for my target now
yes her doing ping pong on 2 levels 12hr and 4hr

chart is 4hr, she is printing a rising channel inside a bigger rising channel, if she can breach the ltl of this channel which would also be 23fib, could be some nice pips,
4hrs top to bottom 8hr to bottom to top 4hr to bottom 4hr to top she near top now so Im watching to see if utl holds, watching 15min just for entry

edit, if get entry and ltl breaks, target will be rising ltl and confluence of fibs, if she goes north will call it a day,
Attached Image (click to enlarge)
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If you are new to Forex? Say Goodbye to your account!!
  • #788,185
  • Apr 16, 2013 6:47am Apr 16, 2013 6:47am
Quoting KiwiTrada
yes her doing ping pong on 2 levels 12hr and 4hr chart is 4hr, she is printing a rising channel inside a bigger rising channel, if she can breach the ltl of this channel which would also be 23fib, could be some nice pips, 4hrs top to bottom 8hr to bottom to top 4hr to bottom 4hr to top she near top now so Im watching to see if utl holds, watching 15min just for entry {image}
looking to enter before draghi?
  • #788,186
  • Apr 16, 2013 6:49am Apr 16, 2013 6:49am
maybe 1.3086 first before......
  • #788,187
  • Apr 16, 2013 6:49am Apr 16, 2013 6:49am
Quoting kuroro001
Everybody is trying to find a FA reason to their trade, and 99% of the people in here don't know anything about it...me including I listen only to ONE guy about FA, it's Sisse...his comments are pure gold. Since most of the guys in here day trade, i don't know how they can day trade with FA lol
Because 99% use FA in the middle of the main move - FA counts when the major shift in the market occure, just an observation.
swing it!
  • #788,188
  • Apr 16, 2013 6:49am Apr 16, 2013 6:49am
Quoting kuroro001
Everybody is trying to find a FA reason to their trade, and 99% of the people in here don't know anything about it...me including I listen only to ONE guy about FA, it's Sisse...his comments are pure gold. Since most of the guys in here day trade, i don't know how they can day trade with FA lol
AMEN bro about trying to find a FA reason for a trade. Its human nature (like greed and fear) to want to have a reason why things occur. Men especially since we are so logical.

Sisse may be OK but he blasted me on here for posting news. I do it (and still do) on multiple FF forums because traders are scattered and as a way to help my brothers which is greatly appreciated by the responses I get. He also blasted another trader who has excellent TA using algos. So until Sisse retracts his statement and apologizes he is dead to me and his words mean nothing. It takes a man to admit he was wrong and a bully or fool to admit nothing with all due respect.

FA is important as it can be a PA driver or catalist. It also makes the LT charts with indos filling them in IMO
Trade smaller than rational because the market is irrational...
  • #788,189
  • Apr 16, 2013 6:53am Apr 16, 2013 6:53am
Ever been buying top?
"I know one thing, that I know nothing." Sokrates
  • #788,190
  • Edited 6:56am Apr 16, 2013 6:53am | Edited 6:56am
Quoting EuroTraderJD
... he is dead to me and his words mean nothing. ...
He is the best trader that ever write on these pages, nobody has ever made such a solid analysis like he did, now he is gone. No offence buddy but when you are bashed by the one who know what he is talking about you should listen and learn from it
swing it!
  • #788,191
  • Apr 16, 2013 6:53am Apr 16, 2013 6:53am
This will be my last regular post in this thread for the foreseeable future. I feel that I have done my time in here trying to help out and also in keeping some of the muppets and scammers at bay. But I am running out of patience and hours in the day so the time has come.

I shall leave you with my current EU thoughts.....

Monthly still in a complex correction of the bull run 0.822x to 1.603x. note that the highs of the correction upswings continue to get lower

Weekly this made a classic ABC retracement (1.204x to 1.371x) of the last monthly down swing (1.493x to 1.204x) the current high of which ended just below the 61% level which would be a good overall retracement level.
Since then it has dropped again to 1.274x and is currently on an upswing, the drop was to be expected - retracement ended? = downside trend resumes. and this current upswing also to be expected as a retracement of the last down swing and has room to move up as far as 1.334x without any real issue to the scenario, but my money is on 1.319x to 132.4x zone being the top if 1.313x cannot hold it down.

DailyCurrently this merely shows us the current retrace in play which has held out around the 38% level, note in particular the last three daily bars excluding today are pretty bearish, so if today fails to take the high then I would expect the downside to resume from here.

Hourly well this brings us into the intraday stuff and I am sure that you all have your own view. I am looking for 1.313x to hold to offer targets of 1.299x 1.294x 1.290x


regards
  • #788,192
  • Apr 16, 2013 6:54am Apr 16, 2013 6:54am
I think this run up is everyone trying to front run the US data and possibly Super Marios words of deception.
Trade smaller than rational because the market is irrational...
  • #788,193
  • Apr 16, 2013 6:54am Apr 16, 2013 6:54am
Quoting EuroTraderJD
Hey Bro. That is why I try not to think about why XYZ news event will do ABC. That was a TOUGH habit for me to break as I was orginally a FA trader. I forcibly make myself just trade what I see. I was still sleepy eyed and saw the PA break above the 5 SMA with the RSI3 rising. My confirming indos gave a go also so I executed and went back to bed. Nice to wake up to 55+ and a short at a good place. I try to have one good trade at a time while dancing with Ms Market.
Well, new thing to learn. Thanks for the lesson. EuroTraderJD My chart and indos reading skills still nowhere near good. I hope I can be like you and other expert here someday.

anyway, do you guys think Draghi speech in the next hour will bring any impact? downside or upside?

I'm tempted to short at this point (because I think EU need to have correction before it can fly to 1.33 and above) but I fear Draghi speech will make EU soar like last time...
  • #788,194
  • Apr 16, 2013 6:57am Apr 16, 2013 6:57am
Quoting MaxDoom
This will be my last regular post in this thread for the foreseeable future. I feel that I have done my time in here trying to help out and also in keeping some of the muppets and scammers at bay. But I am running out of patience and hours in the day so the time has come. I shall leave you with my current EU thoughts.....
Gotta admit you have a great job mate!

Keep up the good trading, take care ...and probably see you around
COT: The precious data ignored
  • #788,195
  • Apr 16, 2013 6:58am Apr 16, 2013 6:58am
Quoting MaxDoom
This will be my last regular post in this thread for the foreseeable future. I feel that I have done my time in here trying to help out and also in keeping some of the muppets and scammers at bay. But I am running out of patience and hours in the day so the time has come. I shall leave you with my current EU thoughts.....
Thats really f*kin sad seeing all valuable posters leaving..
69
  • #788,196
  • Apr 16, 2013 6:59am Apr 16, 2013 6:59am
Half hour to US data.

I am preparing:

- If return 1.3050, load long

- If go up, waiting to short above 1.3250

Or else, watching.
Outcome is not important at all, but correct technique is what only matters
  • #788,197
  • Apr 16, 2013 6:59am Apr 16, 2013 6:59am
short@3120 target 3095 stop@3136
Attached Image (click to enlarge)
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  • #788,198
  • Apr 16, 2013 7:00am Apr 16, 2013 7:00am
Dudley made bro QE comment watch out

Quote
Fed's Dudley favors continuing QE after March job-market slowdown
Mohan
  • #788,199
  • Apr 16, 2013 7:01am Apr 16, 2013 7:01am
Quoting EuroTraderJD
..So until Sisse retracts his statement and apologizes he is dead to me and his words mean nothing. It takes a man to admit he was wrong and a bully or fool to admit nothing with all due respect. ..
Sisse is not here, let go.

Now Sisse aint here, and I cant speak for him, but cant overlook this. Regarding your little dispute here, no offence man, but you have been copy/pasting "FA analysis" from some internet "wrap ups" of market structure. As I know Sisse, he finds such an analysis a) useless b) confusing for newcomers, and therefore doesnt like it. I dont like it either. No offence man, but anyone can read forexlive, or whatever. Lets say some of us are educated academics, and find such simplified "wrap ups" as unworthy of our attention . Let go please, he was trying to help.

T
"I know one thing, that I know nothing." Sokrates
  • #788,200
  • Apr 16, 2013 7:02am Apr 16, 2013 7:02am
Quoting Mr_Black
short@3120 target 3095 stop@3136 {image}
GL

edit: sl hit
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