Price = the amount a greater fool is willing to pay!
Just a friendly reminder for bears. Mr. Soros is long till 1,34, so we actually cant be going down.Nah, Gold and Oil ok today (finally), pressing us up. Unfortunately DJIA down and SaP stuck. But the day is starting, hope we will move soon and wont be stuck like yesterday.
- #797,383
- May 14, 2013 1:18am May 14, 2013 1:18am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
{quote} This 85/90 looked to be a good spot for longs. If failed 75/80 or 65/67 (again?) then heading to the lows. Still sideline and waiting for our dearest ZEW
. Could have entered again, but I am leveraged well and dont need to open any more trades till we break ,303. I hope we will today. Dont want to practice low hunting again.Wtf with ZEW? Do you find it important?
"I know one thing, that I know nothing." Sokrates
- #797,384
- May 14, 2013 1:20am May 14, 2013 1:20am
- | Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts
You cannot learn better without losing
- #797,385
- May 14, 2013 1:22am May 14, 2013 1:22am
- | Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts
You cannot learn better without losing
- #797,386
- May 14, 2013 1:24am May 14, 2013 1:24am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
{quote} Sir yes sir, I am on it sir. I agree, as usually
I'd like to see a bad ZEW...a dip down so i can buy low then new highs....but it's just a dream so far.
From what i know, price tends to retrace back to news levels, so if we see a good zew with a spike up, price will have a good probability to retrace back down to the level it started to.
Anyway there are levels to the upside and downside that needs to be reached....so plenty of money for bulls and bears
COT: The precious data ignored
- #797,387
- May 14, 2013 1:26am May 14, 2013 1:26am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
{quote} . Wtf with ZEW? Do you find it important?
, market move after zew but it doesn't mean on zew direction
Mohan 
- #797,388
- May 14, 2013 1:28am May 14, 2013 1:28am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} Watch out yen reversal up..it's coming
This week for me with geppy is not so much yen +or- but gbp weakness
i dont want to be thought as catching a sky rocket, or picking a top, but effectively that is what I am expecting, and watching,The present strong bull train left station end of May 2012 118 77 and clicked a high of 156 75 yesterday, with only 1 small bear retrace, if that was a "top" I have an early seat, with green locked, if not I have few pip, and wait for next bear attack above 156 75 price now is 155 21
If you are new to Forex? Say Goodbye to your account!!
- #797,392
- May 14, 2013 1:34am May 14, 2013 1:34am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
{quote} I am little confused, geppy is already a bull train, has been since May last year, with very little bear activity, are you saying it is going "reverse" down" aka yen weakness or continue its train journey north? This week for me with geppy is not so much yen +or- but gbp weakness
I wanted to say "watch out intraday UJ reversal up" is possible because there were buyers down there...on m5 chart mate
I haven't looked at geppy, but from what i see from GU it's heading down, and most likely 1,5000 then 1,4200 on weekly
But you may be right about yen...when i look at daily they just look so Topish, it worth a short up there.
You are looking at higher TF than me hence i can change my view every hours haha, but on daily we agree on bears stepping in
COT: The precious data ignored
- #797,394
- May 14, 2013 1:43am May 14, 2013 1:43am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #797,395
- May 14, 2013 1:45am May 14, 2013 1:45am
{quote} To me news are not that important, they just offer good trading opportunities. I'd like to see a bad ZEW...a dip down so i can buy low then new highs....but it's just a dream so far. From what i know, price tends to retrace back to news levels, so if we see a good zew with a spike up, price will have a good probability to retrace back down to the level it started to. Anyway there are levels to the upside and downside that needs to be reached....so plenty of money for bulls and bears
- #797,397
- May 14, 2013 1:48am May 14, 2013 1:48am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #797,398
- May 14, 2013 1:50am May 14, 2013 1:50am
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
{quote} Thanks. To clarify on that H&S + market makers talk - most juice (extended squeezes, relentless trend moves, etc) comes out of prior failed moves, i.e. failures of large, obvious patterns. I believe it's because the large patterns, as they complete and signal (break), induce enough one-sided liquidity (either supply or demand, depending on pattern) for institutions - they need it to fill positions to the opposite side. So i.e., the H&S signals short, most traders sell into it, what's left is only the institutions buying, driving the price...
Good stuffs mate, thanks for sharing & clarifying.. However, I wouldn't dwell too much on patterns & their implication on PA except for those formed @/near major S/R zones & confluence clusters as mm have the ammo & tendency to manipulate the charts to suit their objectives.. the most recent example being the H4 "H&S Continuation Pattern" at the start of April with everybody & their bottom feeding dogs piling on the bear train in anticipation of a 1.2750 "neckline" break for 1.2650 & continuation of the M/T bear train down to the abyss..
http://www.americaslibrary.gov/asset...mallet_1_e.jpg
- #797,399
- May 14, 2013 1:55am May 14, 2013 1:55am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} Yes sorry i wasn't clear. I wanted to say "watch out intraday UJ reversal up" is possible because there were buyers down there...on m5 chart mate I haven't looked at geppy, but from what i see from GU it's heading down, and most likely 1,5000 then 1,4200 on weekly
yep uj up will be fine
and agree about you with lower timeframes, need be flexible, I dont have that luxury tf above 4hrs, some of thse patterns can take days or weeks to play out, 12hr and daily a lot longer, I have been watching waiting for an opportunity geppy for nearly a year now, and if I have it right, looking at the size of the present bull train, was pretty massive, I will be happy firstly just for a reasonable retrace of maybe 100 pips, if it keep going awesome
If you are new to Forex? Say Goodbye to your account!!