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  • #790,241
  • Apr 19, 2013 11:44am Apr 19, 2013 11:44am
Hey guys i have a big question to ask .

4.04.2013 - low 1.2743
16.04.2013 - high 1.3199

fibo retrace 38.2% is 1.3026 , which was touched 17-18.04.2013

then broke up . so my question is , without any news , need to go up right ?

( i just learn from babypips , i thought i can make money without learning from babypips , but i can't )

so plz , someone who read WHOLE babypips , can answer to my question ?

Thank you in advance
Make choices and don't look back !
  • #790,242
  • Apr 19, 2013 11:46am Apr 19, 2013 11:46am
Out of short @75 +2

Reason PA is above 5 SMA and RSI3 over 50

2 strikes and I am out

Will re enter again when the time is right.
Trade smaller than rational because the market is irrational...
  • #790,243
  • Apr 19, 2013 11:54am Apr 19, 2013 11:54am
valid bear cross.. s/l on long 4 pips..
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #790,244
  • Apr 19, 2013 12:05pm Apr 19, 2013 12:05pm
Quoting Purec
Hey guys i have a big question to ask . 4.04.2013 - low 1.2743 16.04.2013 - high 1.3199 fibo retrace 38.2% is 1.3026 , which was touched 17-18.04.2013 then broke up . so my question is , without any news , need to go up right ? ( i just learn from babypips , i thought i can make money without learning from babypips , but i can't ) so plz , someone who read WHOLE babypips , can answer to my question ? Thank you in advance
Which market is without news?! - and manipulation.

Since no market of that, where would you apply the answer?

G20 meetings....wait for finish. Than take care of ending price of the month.

I am hoping as I can close my short from 3140 at BE , but probably will be 2950 sooner
I want to buy PATIENCE
  • #790,245
  • Apr 19, 2013 12:30pm Apr 19, 2013 12:30pm
see Ichimoku go. kumo/cloud support 3060-3070. goal is 1.314
----- Dragonfly out in the sun you know what I mean, don't you know
  • #790,246
  • Apr 19, 2013 12:30pm Apr 19, 2013 12:30pm
Pipnography for Pip Pervs
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Trade smaller than rational because the market is irrational...
  • #790,247
  • Apr 19, 2013 12:30pm Apr 19, 2013 12:30pm
I'm finished. This doesn't have the strength to break through
1.3090
I will press long if it does, but now I am expecting a channeling 3000 to 3100 next week, then selling. I am very limited right now, I am doing everything, including placing real orders, from a single iPhone, along with calculator and my notes. If it breaks to find new highs, I will quickly reverse positions again to catch the unexpected profits. Thank you all very much for your expert posts, many of them are way over my head, but with difficulty, I am able to decifer most. It is an honor to be among you.
  • #790,248
  • Apr 19, 2013 12:33pm Apr 19, 2013 12:33pm
Quoting EuroTraderJD
To my brothers who requested the MM Pyramid PDF, I sent a bunch out a few minutes ago. Also those who asked me questions about MM check your PM or private emails. In some cases FF restricted the length of the reply so I had to resort to Plan B
Can i have one please ?
  • #790,249
  • Apr 19, 2013 12:45pm Apr 19, 2013 12:45pm
What a useless combination for now
The fragrance remains in the hands of those that gves the rose
  • #790,250
  • Apr 19, 2013 1:14pm Apr 19, 2013 1:14pm
smaller waves watching for weekend moves , still 3058/53 breaks for 3000 ok .while gu breaks 5218 to rest on 5184.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #790,251
  • Apr 19, 2013 1:27pm Apr 19, 2013 1:27pm
so what do you think guys? Most of the longs of last 3 weeks have gone out today at 1.312?

That Tuesday candle looking ever so like a last engulfing pattern which was followed by the bearish engulfing with high, all of these with very high volatility. It really doesn't get to look better than this. There might be one more push by the bull to get out and if price make a convincing break of 1.3 looks like down to 1.275 for a big head and shoulders pattern on the daily chart.
  • #790,252
  • Apr 19, 2013 1:50pm Apr 19, 2013 1:50pm
Quoting piptastic7
Can i have one please ?
Most certainly brother its free for the asking. Send me an PM with an email address and I will send it out.
Trade smaller than rational because the market is irrational...
  • #790,253
  • Apr 19, 2013 1:51pm Apr 19, 2013 1:51pm
ECB searching for next arrow in quiver

Last summer's OMT threat by the ECB sent EUR/USD higher and peripheral yields spreads lower. The negative correlation between those two since early 2010 has moderated a bit since OMT. The 10-yr BTP-1-mo Eonia spread (4.15% last) chart shows Italy still has a long way to go to get back to pre crisis rate-convergence heaven near 25bp or even its 2004 peak by 2.57. A report by ECB's Mersch today touted loosening capital requirements on ABS as a way to get ECB liquidity to the real economy (unclogging the transmission mechanism). Draghi, too, has hinted lately that more needs to be done to spur growth. Even Weidmann says easing is possible if conditions warrant. The ECB will likely remain behind the Fed's QE curve & US yield seekers troll the EZ periphery w ECB backstops. Chart: http://link.reuters.com/vuj57t
Trade smaller than rational because the market is irrational...
  • #790,254
  • Apr 19, 2013 1:55pm Apr 19, 2013 1:55pm
Quoting CoolJL
so what do you think guys? Most of the longs of last 3 weeks have gone out today at 1.312? That Tuesday candle looking ever so like a last engulfing pattern which was followed by the bearish engulfing with high, all of these with very high volatility. It really doesn't get to look better than this. There might be one more push by the bull to get out and if price make a convincing break of 1.3 looks like down to 1.275 for a big head and shoulders pattern on the daily chart.
I am waiting till the end of day to MAYBE add a short. You are correct there seems to be the predictable "melt up" late on Friday.
Trade smaller than rational because the market is irrational...
  • #790,255
  • Apr 19, 2013 2:32pm Apr 19, 2013 2:32pm
Quoting EuroTraderJD
I am waiting till the end of day to MAYBE add a short. You are correct there seems to be the predictable "melt up" late on Friday.
I have a very small short at 1.308, I'm gonna leave it over the weekend and see.

Good weekend to you all.
  • #790,256
  • Apr 19, 2013 3:45pm Apr 19, 2013 3:45pm
Well so much for that Friday melt up. The only thing certain about FX is uncertainly. Trade accordingly brothers.
Trade smaller than rational because the market is irrational...
  • #790,257
  • Apr 19, 2013 3:47pm Apr 19, 2013 3:47pm
Quoting CoolJL
I have a very small short at 1.308, I'm gonna leave it over the weekend and see. Good weekend to you all.
GL bro. I am not going to short here because its within my MM Price Saturation Zone.

Since MM trumps TA & FA I will stand down. If you can kill greed you will live to trade another day.
Trade smaller than rational because the market is irrational...
  • #790,258
  • Apr 19, 2013 3:49pm Apr 19, 2013 3:49pm
Fizzling rally encourages bears

 

  1. Germany's Schaeuble inspired highs of 1.3130 talking liquidity reduction
  2. Rally short-lived as he adds outlook for EU growth precarious
  3. Bears are encouraged as the pair continues to consolidate at recent lows
  4. Forming a bear flag pattern; RSI looks set to roll over again
  5. Break down from flag likely sees 1.3000 tested, then stops through 1.2990

Trade smaller than rational because the market is irrational...
  • #790,259
  • Apr 19, 2013 3:55pm Apr 19, 2013 3:55pm
Euro Wrap Up

The pair sat 1.3090 as NY opened. An early dip below the 200 HMA (1.0386) was erased on comments from Germany's Schaeuble. He stated he would welcome the ECB trying to reduce liquidity. EUR spiked higher. EUR/USD lifted from 1.3075 to session highs of 1.3130. The move was quickly reversed though as additional comments from Schaeuble said EU countries are in a precarious state regarding growth. ECB’s Weidmann stated rates are appropriate but if data changes the ECB would need to check again. EUR/USD spiked a bit but it was short lived. He qualified his statements to DJN saying the comments are not meant to signal trend change on ECB rates. EUR/USD resumed its slide & hit a NY low of 1.3054 & sat just above it heading into the close. Bears are encouraged as the pair continues to consolidate at recent lows while it forms a bear flag pattern. The RSI looks set to roll over again & the pair is back below the 10 DMA. A break down from the flag likely sees 1.3000 tested and puts large stops through 1.2990 in jeopardy and could open the door to the 200 DMA.
Trade smaller than rational because the market is irrational...
  • #790,260
  • Apr 19, 2013 3:57pm Apr 19, 2013 3:57pm
whats next 3209.8 or 2964?

if 3148 is true, then 3209 should be,,
3226 is a untouched mid.
those who can, do. those who cant, talk about those who can
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