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  • #794,981
  • May 6, 2013 10:20am May 6, 2013 10:20am
Quoting kuroro001
{quote} What the PA tells you ? Or your indicators, or your system Forget about Draghi, forget about NFP. They are just there to get you out of the market. I'll wait to see if price goes back to 1,307x-1,308x and short if PA is okay with it
Well yes it was bearish but target was 1.306 and which is already touched. PA is still not clear but I believe on those "news" too. Since last couple of months, "news" decided the direction many times. So for me long here is good opportunity. Well losing - gaining are part of this market, learning is important. So let's see what lesson will this market teach me this time!
  • #794,982
  • May 6, 2013 10:21am May 6, 2013 10:21am
Quoting ptsnu
Starting to look bullish on tick charts.
If you're trading based on tick charts you're mental, but that's just my opinion. Good luck to you.
I have no clue what I'm talking about.
  • #794,983
  • May 6, 2013 10:23am May 6, 2013 10:23am
Quoting kuroro001
{quote} You know the market can remain irrationnal longer than you can remain solvent...so better be careful longing it until the so called squeeze is done. Because the squeeze can happen the other way before going up again.
Well I do think market is irrational already. Its fair value was deformed already, since beginning of april.
"You're solid gold, see you in hell"
  • #794,984
  • May 6, 2013 10:23am May 6, 2013 10:23am
Quoting Boy Wonder
{quote} What do you mean by this question?
Because it was so clear that short was the way to go
New voice message: Why are you calling me? If I need you, I'll call you!
  • #794,985
  • May 6, 2013 10:23am May 6, 2013 10:23am
Quoting demoreal
{quote} I do use stops Mahfooz and would recomend them to anybody who is serious about trading, but I don't feel like posting them here (nor the targets)
good i appreciate that, what about sharing your thoughts on the trade, that would help a small trader learn
  • #794,986
  • May 6, 2013 10:26am May 6, 2013 10:26am
Quoting Boy Wonder
{quote} If you're trading based on tick charts you're mental, but that's just my opinion. Good luck to you.
Hey boy wonder George, are you serous starting to look bullish?

For past 3 market days the trend has been down and you are saying it is starting to look bullish lol...

I trade of OHLC. Do you know what a tick chart really is?

A tick chart (OHLC, Bar Chart) is an invaluable piece of marketry
Know when to hold em, Know when to fold em!
  • #794,987
  • May 6, 2013 10:26am May 6, 2013 10:26am
Sell limit 1.309X
  • #794,988
  • May 6, 2013 10:28am May 6, 2013 10:28am
Quoting KillerWhale
{quote} Because it was so clear that short was the way to go
Boom!

Inserted Video
  • #794,989
  • May 6, 2013 10:29am May 6, 2013 10:29am
almost all movements are just pullbacks, judging the pa atm, it looks like the weekly bulls waited at 1.305x..

anyway, thats it for me..


gl trading rest of the day
Patience is a virtue...
  • #794,990
  • May 6, 2013 10:30am May 6, 2013 10:30am
How did you arrive bottom @ 3031 ? what I assumed it to be 3036.
Quoting attila
{quote} intraday should be the bottom at 3031.. I mean It came this far, why not go there? On a different note, I'm slowly moving to longer term trading, for a while at least (I have some things going, and I can't watch the charts every minute. I mean I'm still here, but I'm working on some other things).. Other than that I evaluate my trades around 1-2 pm eastern and see if I should hold them or not.. As I mentioned this morning I'm kind of eyeing that AB=CD on daily.. In order for that to start shaping up those next 2 important lows have to go...
  • #794,991
  • May 6, 2013 10:31am May 6, 2013 10:31am
Quoting ZacharyRC
{quote} Boom! https://www.youtube.com/watch?v=LiE1VgWdcQM

Hahahahaaaaa! Love it!
  • #794,992
  • May 6, 2013 10:32am May 6, 2013 10:32am
Quoting ZacharyRC
{quote} Boom! https://www.youtube.com/watch?v=LiE1VgWdcQM
Funny song
New voice message: Why are you calling me? If I need you, I'll call you!
  • #794,993
  • May 6, 2013 10:32am May 6, 2013 10:32am
Quoting KillerWhale
{quote} Because it was so clear that short was the way to go
Erm, if it was so clear, weekly would close below ,3075. Both month and week ended up bullish, though weekly candle is not that great. The only thing which was short term clear is that Draghi always talks Euro down . Another thing which was clear, was Oil shooting up due to events in Syria, draging USD up, sending our pair down. So the odds for today were bearish. Nevertheless, both of these events could be offset by rally in European equities. Unfortunaltely, DAX today -0,14%, Eurostoxx50 -0,58%, only FTSE is holding up 0,94%. But that is the only one. Overall, not good day for Euro for sure, but someone may went long.
"I know one thing, that I know nothing." Sokrates
  • #794,994
  • May 6, 2013 10:34am May 6, 2013 10:34am
Quoting KillerWhale
{quote} Because it was so clear that short was the way to go
You were short. Well done. I don't like trading in the direction of retail positioning which is clearly bearish EURUSD, and the technicals supported stance that until late last week.
However, the picture is not good for longs now so I am out. I don't like being on the side of retail positioning even if the technicals support it because I end up with a battle in my head - technicals vs retail positioning.
There are better fish to fry, where the technicals are against retail positioning.
I have no clue what I'm talking about.
  • #794,995
  • May 6, 2013 10:35am May 6, 2013 10:35am
Quoting goods
{quote} Hey boy wonder George, are you serous starting to look bullish? For past 3 market days the trend has been down and you are saying it is starting to look bullish lol... I trade of OHLC. Do you know what a tick chart really is? A tick chart (OHLC, Bar Chart) is an invaluable piece of marketry
Where did I say it's starting to look bullish?

Please don't lecture me on tick charts. I've been trading for over 10 years.

Good luck in your use of tick charts.
I have no clue what I'm talking about.
  • #794,996
  • May 6, 2013 10:35am May 6, 2013 10:35am
Quoting Mahfooz
{quote} good i appreciate that, what about sharing your thoughts on the trade, that would help a small trader learn
This is a speculative trade - against the move. The way I see it - price was stuck in a small range for hours and then it moves one way most likely caused by taking stops that accumulated for the last few hours (there is no fundamental reason behind it so far as I know)

I'm just guessing and accordingly risking a certain amount which I'm comfortable with losing in case I'm wrong (if it goes below a certain technical level that would make me change my mind).

Put it simply - I'm trying a bit of bottom catching
  • #794,997
  • May 6, 2013 10:36am May 6, 2013 10:36am
Quoting Mozzy
{quote} Hahahahaaaaa! Love it!
Im glad, listen to it with great intent, behind the entertainment is some very valuable lessons and as a new trader it will get you through the meat grinder, which IMO is your draw down %, best of luck in trading.
  • #794,998
  • May 6, 2013 10:36am May 6, 2013 10:36am
Quoting namitak007
{quote} Well yes it was bearish but target was 1.306 and which is already touched. PA is still not clear but I believe on those "news" too. Since last couple of months, "news" decided the direction many times. So for me long here is good opportunity. Well losing - gaining are part of this market, learning is important. So let's see what lesson will this market teach me this time!
I may go long based on 5mn...only if i see a double bottom at 1,305x with a bullish setup, otherwise new lows.

GL with your trade though
COT: The precious data ignored
  • #794,999
  • May 6, 2013 10:38am May 6, 2013 10:38am
Quoting demoreal
{quote} This is a speculative trade - against the move. The way I see it - price was stuck in a small range for hours and then it moves one way most likely caused by taking stops that accumulated for the last few hours (there is no fundamental reason behind it so far as I know) I'm just guessing and accordingly risking a certain amount which I'm comfortable with losing in case I'm wrong (if it goes below a certain technical level that would make me change my mind). Put it simply - I'm trying a bit of bottom catching
loving words and good trade it is, thank you demoreal
  • #795,000
  • May 6, 2013 10:40am May 6, 2013 10:40am
Quoting Boy Wonder
{quote} Where did I say it's starting to look bullish? Please don't lecture me on tick charts. I've been trading for over 10 years. Good luck in your use of tick charts.

SOrry that was for PTSNU mis quote.
lol
Know when to hold em, Know when to fold em!
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