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  • #797,161
  • May 13, 2013 9:45am May 13, 2013 9:45am
Quoting The_Roman
No, he's right, bulls do want 3050, or 3400. But then....Wishful thinking is not the same with reality
If we think like that, bulls want back 1,6000 and bears 1,0000.

Better trade the PA at it appears.

From my own experience, predictions of a move failed most of the time so far, so now i trade the PA as it comes.
COT: The precious data ignored
  • #797,162
  • May 13, 2013 9:46am May 13, 2013 9:46am
Quoting Mmorpg
{quote} {quote} {quote} Do i sound like i am predicting? Predicting is as follows: Price will reach 3050. If it feels good to you on being sarcastic on someone else's opinion. Do continue.
Ok so now a question...how do you know what bulls want ?
COT: The precious data ignored
  • #797,163
  • May 13, 2013 9:47am May 13, 2013 9:47am
Quoting Mmorpg
{quote} {quote} {quote} Do i sound like i am predicting? Predicting is as follows: Price will reach 3050. If it feels good to you on being sarcastic on someone else's opinion. Do continue.
Sory if you got it wrong. I wasn't sarcastic Bulls realy do want 3050. If I were bull, I would want that too Time will tell ...the struggle takes place now....one will give up; sooner or later.
  • #797,164
  • May 13, 2013 9:49am May 13, 2013 9:49am
Well, I'm bearish but I do also want 3050 and why not more so I can short more, but do we get always what we want? my answer is not always.
  • #797,165
  • May 13, 2013 9:50am May 13, 2013 9:50am
Quoting kuroro001
{quote} Ok so now a question...how do you know what bulls want ?
2955 good spot to go long but with 3 pips sl only. no more risk
looking for investors . pm me
  • #797,166
  • May 13, 2013 9:52am May 13, 2013 9:52am
Quoting kbmoonshinex
{quote} 2955 good spot to go long but with 3 pips sl only. no more risk
You are brave my friend....3 pips SL, not for me

But i wish you luck with it.

Still holding shorts, don't know yet where to unload them
COT: The precious data ignored
  • #797,167
  • May 13, 2013 9:53am May 13, 2013 9:53am
Quoting kuroro001
{quote} You are brave my friend....3 pips SL, not for me But i wish you luck with it. Still holding shorts, don't know yet where to unload them
me too i have shorts from 1 min zone. 2990. tp 2955
looking for investors . pm me
  • #797,168
  • May 13, 2013 9:54am May 13, 2013 9:54am
Quoting kuroro001
{quote} Ok so now a question...how do you know what bulls want ?
Kuroro, it is a support level.
Price has been struggling to pass 2960 for many attempts. It is a guess price wants to go higher.
  • #797,169
  • May 13, 2013 9:54am May 13, 2013 9:54am
Quoting Mmorpg
{quote} {quote} {quote} Do i sound like i am predicting? Predicting is as follows: Price will reach 3050. If it feels good to you on being sarcastic on someone else's opinion. Do continue.
Mmorpg I am simply implying that it sounds like you know what is going to happen. I just find it funny. I have been in your shoes too and I do the same for myself and I kick myself in the butt for posting such things sometimes.
Know when to hold em, Know when to fold em!
  • #797,170
  • May 13, 2013 9:55am May 13, 2013 9:55am
Quoting kbmoonshinex
{quote} 2955 good spot to go long but with 3 pips sl only. no more risk
yes that price is so nice to go long..

i plan to buy at that price too especially when rejected by 2945.

with 20 pips SL me think..
  • #797,171
  • May 13, 2013 9:57am May 13, 2013 9:57am
Quoting skerdi-meta
{quote} In my opinion a brake of a level means the candle closes above it, specially 1h but might depend on the tf you are basing the decision,, and 95 wasnt broken even on 5min,,, what do you think??

on which timeframe do you see 95?

imo

e.g. you can't say its broken when the M5 close above/under 95, if the level e.g is a daily level..

if 95 is from the M5 chart and the M5 close above/under, then it's broken/tested etc...
Patience is a virtue...
  • #797,172
  • May 13, 2013 9:58am May 13, 2013 9:58am
Here's my reason for being bullish, at least for the next few several minutes.. Did you see that move from 2940 before NY open done by London? Why would they want to go back there, at least before LSE close in 30 min. Until then I think it's long.
  • #797,173
  • May 13, 2013 9:59am May 13, 2013 9:59am
Quoting goods
{quote} Mmorpg I am simply implying that it sounds like you know what is going to happen. I just find it funny. I have been in your shoes too and I do the same for myself and I kick myself in the butt for posting such things sometimes.
I am asking is the statement a prediction?
  • #797,174
  • May 13, 2013 10:00am May 13, 2013 10:00am
Quoting RsX
{quote} There is a valid point with that Mar-Dec '2010 chart.
Nice analysis, allow me to expand.

So, statisics measured are, yet again, Oanda UK Daily closes. Parameters for recognition of waves were set to 200 pips and 25%.

2010: It was a bull fuelled by drop from November 2009 high to June 2010 low. At start bull was weaker and bears made 46% correction wave 2, but after 50% hold, he woke up and went nonstop to 4/11/2010 high 1,42, making wave 3. It was followed by regular abc wave down and resulted in consolidation phase (funnily enough between 1,29 and 1,34). As you can see on those stats, swings in this range were much wilder in 2010. The end phase was break of lows down to 1,29, followed by mentioned wave 5. Now if this scenario was simmilar here, we could see downmove to ,265 followed by wave 5.

Now: Yet again, bull fuelled by drop since may 2011 till July 2012. This drop caused by European crisis (caused by US mortgage crisis ), resulted in extraordinary moves of CBs all around the world. Now funny money has made a new cycle, starting July 2012. Short covering combined with funny money fuel send us to 1,37. Unlike in 2010, move up was very hard, because Europe really is in mess. So in this cycle, bears are stronger than in previous one. Afterall, you cant make economy by printing. Nevertheless, unlike in 2010, after drop from 1,37, we have already bounced 50% back and retested 50% already 3 times. That may be sign, that bulls had a rest in first part of the cycle and now are gaining power (Now take a look at that massive printing all around the world, there really is a lot of cheap liquidity here right now). Also, there is still lots of space to cover drop from May 2011, lots of cash.

I dont trust that much to length of cycles, as it almost never works, but I find quite interesting, low of wave 4 in 2010 was 215 days after start of cycle. Now we are in day 295, so cycle is due and should be up. This is heavy mumbo jumbo though, timing aint working that way. Nevertheless, imo those cycles are very simmilar and right now we are exactly at the same place where wave 4 was consolidating in 2010.

T
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010.GIF Size: 86 KB
Click to Enlarge Name: now.GIF Size: 52 KB
"I know one thing, that I know nothing." Sokrates
  • #797,175
  • May 13, 2013 10:00am May 13, 2013 10:00am
Quoting Mmorpg
{quote} I am asking is the statement a prediction?

It was implied. Trade price, this will be your best friend
Know when to hold em, Know when to fold em!
  • #797,176
  • May 13, 2013 10:02am May 13, 2013 10:02am
Quoting goods
{quote} It was implied. Trade price, this will be your best friend
You implied it or me?
  • #797,177
  • May 13, 2013 10:02am May 13, 2013 10:02am
I gotta say... I really like the meeting of the minds on this thread. For the ones that are really good, that I can learn from. I feel like they are my co-workers in a cyber kind of way. And for me and others of less know how.. it is like on the job training. lol

That thought just ran across my mind while waiting for a set up. 30 minute-ish to London close.
Luck has no place in trading. Leave that for the poker table.
  • #797,178
  • May 13, 2013 10:03am May 13, 2013 10:03am
Quoting goods
{quote} It was implied. Trade price, this will be your best friend
Stop right there because I don't think he will. Lets just focus on the market
  • #797,179
  • May 13, 2013 10:06am May 13, 2013 10:06am
Euro holding up good. Some serious interest at this prices. I wonder what is their case in the long term
"You're solid gold, see you in hell"
  • #797,180
  • May 13, 2013 10:08am May 13, 2013 10:08am
Quoting Mmorpg
{quote} Kuroro, it is a support level. Price has been struggling to pass 2960 for many attempts. It is a guess price wants to go higher.
Okay thanks for the answer.
We have different levels then

And from what i can see, it has been struggling more at 1,299x than 1,295x, just a perception
COT: The precious data ignored
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