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  • #798,161
  • May 15, 2013 12:24pm May 15, 2013 12:24pm
another drop.. these fools really belive QE is about to be reversed.
"You're solid gold, see you in hell"
  • #798,162
  • May 15, 2013 12:24pm May 15, 2013 12:24pm
sooooooooo about that Euro not doing anything...
  • #798,163
  • May 15, 2013 12:25pm May 15, 2013 12:25pm
Quoting Pharm0r
sooooooooo about that Euro not doing anything...

Retracement begins... It is doing
Know when to hold em, Know when to fold em!
  • #798,164
  • May 15, 2013 12:32pm May 15, 2013 12:32pm
Looks like a bear flag to me?
Founder of Sutherland Wave Principle
  • #798,165
  • May 15, 2013 12:35pm May 15, 2013 12:35pm
this retrace culd go to 1.2914
  • #798,166
  • May 15, 2013 12:36pm May 15, 2013 12:36pm
Quoting goods
{quote} Not sure about the trendlines, I never trade trendlines. I see some particular market formation setting up based on my methodoligy. I trade Wycoff minus volume because there never is real volume in spotfx well not to our visible eye. That volume you see is tick volume. None the less though using top down analasys from bigger tf to micro tf on m1 i do see some market profile forming for a bottom here. Yesterday a lot of folk were bullish. I was still bearish (and the bears did indeed continue) yesterday and I got flack for that lol... but...
dont confuse bullish or bearish with r/r..
those who can, do. those who cant, talk about those who can
  • #798,167
  • May 15, 2013 12:36pm May 15, 2013 12:36pm
Quoting suthmo
Looks like a bear flag to me?
Or consolidation before the pop ?
  • #798,168
  • May 15, 2013 12:41pm May 15, 2013 12:41pm
Quoting gatorinla
{quote} dont confuse bullish or bearish with r/r..
It is all relative. I keep it relative and a perspective based on time.

So we currently have multiple trends happening based on what is happening, I just like to repsect areas of turning, it is also really about identifying which trend you are trading. We have currently uptrend and downtrend. So I like to plan accordingly
Know when to hold em, Know when to fold em!
  • #798,169
  • May 15, 2013 12:42pm May 15, 2013 12:42pm
Quoting suthmo
Looks like a bear flag to me?
If you put up a daily you can also form a bull flag in the make
Know when to hold em, Know when to fold em!
  • #798,170
  • May 15, 2013 12:43pm May 15, 2013 12:43pm
Quoting SugarPink
another drop.. these fools really belive QE is about to be reversed.
do you actually understand qe? they bought to have a sale. on a market that was less then robust. when the market buys robustly, there is no need for qe. is the market buying robustly? will solve the riddle. cause and effect.
those who can, do. those who cant, talk about those who can
  • #798,171
  • May 15, 2013 12:43pm May 15, 2013 12:43pm
Quoting SugarPink
another drop.. these fools really belive QE is about to be reversed.
Sorry SP. It's not that they think it will stop, but I thinks its because they believe it won't. It will end up like 1999/2000. Also, the ECB reducing 25 bps is nothing compared to the global market. The EZs largest countries are deteriorating while Draghi sits on the sideline.

The EURO does not need to go up merely because equities are. People are putting liquidity into fundamentally strong equities, not a deteriorating block currency.

EDIT: And I think Gator is right. It's similar to how the ECB regulates the EUR: talk. It gets too high and Weidman comes out of the wood work without actually having to do anything. Bad US data comes out and we assume the FED is still dish out funds. Good data comes out, and we assume Fed still dishing out funds.
When the facts change I change my mind, what do you do sir
  • #798,172
  • May 15, 2013 12:44pm May 15, 2013 12:44pm
Quoting gatorinla
{quote} do you actually understand qe? they bought to have a sale. on a market that was less then robust. when the market buys robustly, there is no need for qe.
Also heard the Fed varies monthly purchases so no one really know how much is being bought at a given time as it still may equate to 85B/mo
When the facts change I change my mind, what do you do sir
  • #798,173
  • May 15, 2013 12:48pm May 15, 2013 12:48pm
lot of resistanes to up 1.2889, 1.2914, 1.2933, 1.2950 and so and so...
edit: I see the key level for bulls at 1.2933 secound 1.3030 if thoes are not touched the bull is gone untill price is at 1.27 level.
  • #798,174
  • May 15, 2013 1:02pm May 15, 2013 1:02pm
Quoting goods
{quote} It is all relative. I keep it relative and a perspective based on time. So we currently have multiple trends happening based on what is happening, I just like to repsect areas of turning, it is also really about identifying which trend you are trading. We have currently uptrend and downtrend. So I like to plan accordingly
good.. same here.. i am bearish, not bullish. although i look for bounce areas to load up on. such as the current area. if you time line it there was one guy before me mentioning this, we both may be wrong. its counter trend. 284x along with the usdx was what i was looking for here. the usdx can rise, so a little lower may happen.. but with e-close this is as good of a time as any. any way the other guy and myself mentioned this near the low. as for as bearish, bullish, if we stop following the footsteps to .8812.9.. then i will change. until i will play its levels, like where we were earlier today. and have good r/r and m/m..
those who can, do. those who cant, talk about those who can
  • #798,175
  • May 15, 2013 1:10pm May 15, 2013 1:10pm
Quoting gatorinla
{quote} good.. same here.. i am bearish, not bullish. although i look for bounce areas to load up on. such as the current area. if you time line it there was one guy before me mentioning this, we both may be wrong. its counter trend. 284x along with the usdx was what i was looking for here. the usdx can rise, so a little lower may happen.. but with e-close this is as good of a time as any. any way the other guy and myself mentioned this near the low. as for as bearish, bullish, if we stop following the footsteps to .8812.9.. then i will change....

Good observations Gatorinla. I also noticed that huge V that got formed on the USDX.... Looks like it wants to pass its high from hours earlier. Plus I heard that the Philly Fed Manufacturing index could come out with some good numbers, that would really pump up the USDX.
Luck has no place in trading. Leave that for the poker table.
  • #798,176
  • May 15, 2013 1:25pm May 15, 2013 1:25pm
Quoting gatorinla
{quote} good.. same here.. i am bearish, not bullish. although i look for bounce areas to load up on. such as the current area. if you time line it there was one guy before me mentioning this, we both may be wrong. its counter trend. 284x along with the usdx was what i was looking for here. the usdx can rise, so a little lower may happen.. but with e-close this is as good of a time as any. any way the other guy and myself mentioned this near the low. as for as bearish, bullish, if we stop following the footsteps to .8812.9.. then i will change. until i will play its levels, like where we were earlier today. and have good r/r and m/m..
Good, lately I dont look at usdx I just have been focusing on seeing where market flow was happening. I do agree with you. Yes overall the long was counter trend. bigger tf there is an uptrend but we must always protect our orders. RR imho is what makes the successful trader as long as he is not whipsawed into the market. I dont like to predict targets as a matter of fact I dont, but I will say it may be on its way back to 3020 before we see any bull/bear continuation. I usually swing trade but nothing wrong with locking in 2 pips when you are 20 pips green.

Last note i dont think people here really know what the true meaning of a Gap is. Too often they associate it with weekend market open/close. My above market idea is there needs to be some sort of closure on the gap from that area. after all it is what makes the market
Know when to hold em, Know when to fold em!
  • #798,177
  • May 15, 2013 1:28pm May 15, 2013 1:28pm
Today EJ was faithfull.
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  • #798,178
  • May 15, 2013 1:32pm May 15, 2013 1:32pm
Quoting goods
{quote} Good, lately I dont look at usdx I just have been focusing on seeing where market flow was happening. I do agree with you. Yes overall the long was counter trend. bigger tf there is an uptrend but we must always protect our orders. RR imho is what makes the successful trader as long as he is not whipsawed into the market. I dont like to predict targets as a matter of fact I dont, but I will say it may be on its way back to 3020 before we see any bull/bear continuation. I usually swing trade but nothing wrong with locking in 2 pips when you...

I have only seen a gap on MetaTrader4 Due to the fact that brokers close their servers during the weekends. Websites like XE.com actually show that the currency pairs are still active throughout the weekend. FX really is a 24/7 market.
Luck has no place in trading. Leave that for the poker table.
  • #798,179
  • May 15, 2013 1:32pm May 15, 2013 1:32pm
Quoting sypherBG
{quote} This is just human nature, why sell now when i could've sold yesterday at higher price, i will buy at this low price hoping it will be higher tomm...one of my first mistakes i had to work out. My trades sh 1.316 - closed 1.306, sh 1.304 closed 1.298, short from 1.29785 ... Still holding this one aiming @ 200 pips.
good choise ...im short from 1.2930....aiming 1.2700...then maby change point of view to long.. aiming 1.3xx
  • #798,180
  • May 15, 2013 1:36pm May 15, 2013 1:36pm
Quoting Pair-me-up
{quote} I have only seen a gap on MetaTrader4 Due to the fact that brokers close their servers during the weekends. Websites like XE.com actually show that the currency pairs are still active throughout the weekend. FX really is a 24/7 market.
As I stated before it is 24/7 market. When I talk about gap I do not mean what users see on their broker platform at open of THEIR (brokers) market. I am talking about specifice areas (zones) in price movement.
Know when to hold em, Know when to fold em!
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