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  • #132,561
  • Apr 16, 2013 3:37am Apr 16, 2013 3:37am
sup lol...
  • #132,562
  • Apr 16, 2013 5:00am Apr 16, 2013 5:00am
Quoting egkid
January 2013 , Soon will hit 1300
http://www.forexfactory.com/showthre...14#post6600414


Like this damn Elliott Waves

But why do we often have to wait soooooooo long to see a dream come true?



Daneric on (also) Gold: target around 500; he is more crazy than me LOL

http://danericselliottwaves.blogspot...pril-2013.html
  • #132,563
  • Apr 16, 2013 6:26am Apr 16, 2013 6:26am
got a bit screwed on the zew - spanish auction situation, tried to short the pull back that turned into a reversal, then averaged twice doh... took the loss, reversed and finally got out at adr + old fib... prolly gonna take off now i'm out, but up on the day and made up for what could've been a costly mistake, so i'll take that...

sold to get out at 3123, which if it is the day's high i'm well pleased with, although i sincerely doubt that it will be...

laptop off, have a good day...
  • #132,564
  • Apr 16, 2013 6:30am Apr 16, 2013 6:30am
Quoting FibbinArchie
got a bit screwed on the zew - spanish auction situation, tried to short the pull back that turned into a reversal, then averaged twice doh... took the loss, reversed and finally got out at adr + old fib... prolly gonna take off now i'm out, but up on the day and made up for what could've been a costly mistake, so i'll take that...
morning archie

i messed up late yesterday also. placeda buy on ej at 126.00 and set a 30 pip stoploss which was hit.


going back to dustbins
  • #132,565
  • Apr 16, 2013 7:06am Apr 16, 2013 7:06am
Quoting AllyB
morning archie i messed up late yesterday also. placeda buy on ej at 126.00 and set a 30 pip stoploss which was hit. going back to dustbins
Well, we knew the market couldn't behave itself for too long. lol. Stopped out for peanuts on the counter. On to the next!
  • #132,566
  • Apr 16, 2013 7:11am Apr 16, 2013 7:11am
EU res at 157 starting to work some EJ shorts
  • #132,567
  • Apr 16, 2013 7:32am Apr 16, 2013 7:32am
Quoting chazzle
EU res at 157 starting to work some EJ shorts
you think we got a top on EJ?
  • #132,568
  • Apr 16, 2013 7:43am Apr 16, 2013 7:43am
Quoting AllyB
you think we got a top on EJ?
wouldn't pick a top ... but

looking at daily candles since friday - back to 810 is what I'm looking at ( the mid - thursday swing high/yesterday swing low )

break and hold of 900 and I'm wrong
  • #132,569
  • Apr 16, 2013 7:55am Apr 16, 2013 7:55am
Taking profits here

Currently looking at shorts on EU and EJ
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 32 KB
What is any ocean but a multitude of drops?
  • #132,570
  • Apr 16, 2013 8:20am Apr 16, 2013 8:20am
Quoting chazzle
wouldn't pick a top ... but looking at daily candles since friday - back to 810 is what I'm looking at ( the mid - thursday swing high/yesterday swing low ) break and hold of 900 and I'm wrong


- EU is looking like it wants to go down so come on NY and show me the way
  • #132,571
  • Apr 16, 2013 8:20am Apr 16, 2013 8:20am
Quoting Xhale
Taking profits here Currently looking at shorts on EU and EJ {image}
you have posted some good trades here lately ... keep it up
  • #132,572
  • Apr 16, 2013 8:31am Apr 16, 2013 8:31am
Quoting AllyB
you have posted some good trades here lately ... keep it up
  • #132,573
  • Edited 9:04am Apr 16, 2013 8:34am | Edited 9:04am
Euro... 3114 is my trigger to switch my bias from short to long. A close above indicates a continuation of the uptrend. Still many hours to go before daily close though. Although, H4 is pretty obvious about it's intentions right now.
  • #132,574
  • Apr 16, 2013 9:09am Apr 16, 2013 9:09am
Quoting Venice
Euro... 3114 is my trigger to switch my bias from short to long. A close above indicates a continuation of the uptrend. Still many hours to go before daily close though. Although, H4 is pretty obvious about it's intentions right now.

that it is but at a strong level here
  • #132,575
  • Apr 16, 2013 11:32am Apr 16, 2013 11:32am
Just a quick update of my last outlook that is still in play:

Taking 1.318x target and daily part of the Q outlook completed in a straight forward and clean move so far. .

I hope everybody is doing fine and took some of those superb and one in 30 years moves in Gold. @egkid amazing move in Gold, itchy fingers to the long side but this still a falling knife. There is no point on standing in front after such a move without at least weekly chart support . A couple of inflation numbers ticking up and next Quarter may give us the trigger and they will be enough to close the year at unch around 1600.x at least...for now is not rocket science: all bears.

Have a good one all ....

sisse

Quoting sisse
Quarterly Outlook Q2 2013 On the FA side: After breaking all time highs

Quoting sisse
..... Taking 1.294x target and last sisse chart update

  1. On the FA side:

    After breaking ......

    1. Macro numbers .....

    1. On interest rates, ....... Not expecting much from the ECB either, inflation under control and without any option for hike. However lots of noise asking for cuts on every interest decision as long numbers are poor but the odds are severely against the ECB breaking its mandate (to promote growth instead of controlling inflation. [check]
    2. The wild card is with the BOJ that in my view will keep playing the active roll in intervening and the the BOE ... [check]

    1. Risk factors......

  1. On the TA side:

    1. Quarterly:

    1. Monthly:

    1. Weekly:

      1. Downtrend holding steady but in a very unhealthy slope. Risk + knee jerk reaction + all FA aligned to one side.
      2. 1.294x for a chance 1.264x at least .....while a direct move to 1.266x. ... will open 1.334x with a intermediate stop [highlight]1.316x[/highlight] but need FA trigger first (tracking ECB). [check 1st target ...in play]

    1. [highlight]Daily:[/highlight]

      1. Overextended and downtrend looks exhausted. Looks very poor r:r entering short at these levels. Two trades in play
      2. The pure and only technical play in this chart comes first with a short squeeze from a test of lows to at least 1.294x that is very tradable with intraday/daily and can become in a swing play with ECB support to [highlight]1.318x[/highlight]. [check]....

    1. Intraday:

      1. All bears and yesterday with 1/2 of the trading world still on holiday failed to crack 1.285x opening a new test of lows for a test of nake 1.27....... [check]

Pending conversations? PM for a chat...I am mainly in OTM now
  • #132,576
  • Apr 16, 2013 11:42am Apr 16, 2013 11:42am
Quoting sisse
Just a quick update of my last outlook that is still in play: Taking 1.318x target and daily part of the Q outlook completed in a straight forward and clean move so far. . I hope everybody is doing fine and took some of those superb and one in 30 years moves in Gold. @egkid amazing move in Gold, itchy fingers to the long side but this still a falling knife. There is no point on standing in front after such a move without at least weekly chart support . A couple of inflation numbers ticking up and next Quarter may give us the trigger and they will...
hey sisse ... good to see you here and also thanks for the update!

you been selling gold?
  • #132,577
  • Apr 16, 2013 11:56am Apr 16, 2013 11:56am
Quoting AllyB
hey sisse ... good to see you here and also thanks for the update! you been selling gold?
Hi Ally,

Well, yes I took some of the range to the extension to support (1522.x) after the break 1550x but not beyond and not fully loaded. I was just aiming for a normal weekly range move but it became in the mother of all moves....lol

I didn't expect (well prolly nobody as you probably have heard) such a move outside of the range (40 years move in gold !!! thats a lot) in only few hours. It was a massive capitulation of long term positions. One of the moves to keep on record as is already historical move that will be difficult (time. speed and size) to beat in a long time so I will be lying to you if I tell you I was consciously "shorting" or aiming and that gold move ...I just took less than crumbs but any short position will be on the money with such a move...so

How is your trading going. Dustbin still working in the wild EJ?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #132,578
  • Apr 16, 2013 12:16pm Apr 16, 2013 12:16pm
Quoting sisse
Hi Ally, Well, yes I took some of the range to the extension to support (1522.x) after the break 1550x but not beyond and not fully loaded. I was just aiming for a normal weekly range move but it became in the mother of all moves....lol I didn't expect (well prolly nobody as you probably have heard) such a move outside of the range (40 years move in gold !!! thats a lot) in only few hours. It was a massive capitulation of long term positions. One of the moves to keep on record as is already historical move that will be difficult (time. speed and...
i am hoping that the gold move didn't give kill a heart attack as he usually pops in all pink and he hasn't done that so might just be he bought "some good stuff" and watching the millions roll in

as for me, still doing the dustbins but will shy away from the wild child EJ in favor of dustbins on EU when EU is moving. I am just a lot more confident trading EU and i also tend to hold trades longer on EJ but not always making more money just more stress if you follow that. (that compounding thing on EU)

thread has been really quiet as i am sure you can tell. folks need to take a break and hopefully they will find there way back here soon. i think even gleneagles is only trading 2 days a week now!!!! gotta do something about that too. go raid his beer stash and his empty cans in the garage so he'll have to trade

my lunch break here and my little dog is running out of patience and wants to go outside and play so i better get going. you have no idea how painful it can be living with a mad at you Jack Russel Terrier

going to study your update closely when i get back so look for questions

AllyB
  • #132,579
  • Apr 16, 2013 1:54pm Apr 16, 2013 1:54pm
Quoting Xhale
Taking profits here Currently looking at shorts on EU and EJ {image}

Did you take that short?
  • #132,580
  • Apr 16, 2013 1:55pm Apr 16, 2013 1:55pm
Quoting AllyB
you have posted some good trades here lately ... keep it up

Ironic...
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