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  • #810,681
  • Jun 26, 2013 12:45pm Jun 26, 2013 12:45pm
Quoting alinturbut
It is a major we are talking about. It cannot go down as much as it went without doing a little correction.
yes it can. it's called summer trading.
as much as 1000 pips almost without correction.
  • #810,682
  • Jun 26, 2013 12:50pm Jun 26, 2013 12:50pm
Quoting alinturbut
If day closes above 1,3050 i guess it will bounce to 1,315.
If only it were that easy...
  • #810,683
  • Jun 26, 2013 12:54pm Jun 26, 2013 12:54pm
Quoting alinturbut
It is a major we are talking about. It cannot go down as much as it went without doing a little correction.
Says who? The market can do all kinds of stuff. Up 20% on this beast by the way on two 1% positions.
  • #810,684
  • Jun 26, 2013 1:02pm Jun 26, 2013 1:02pm
If it bounces, I think it won't go further than 1.31487, which is my 38.2% in this chart:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
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  • #810,685
  • Jun 26, 2013 1:03pm Jun 26, 2013 1:03pm
loaded up long and ready to sell it to them every 10 points up
  • #810,686
  • Jun 26, 2013 1:06pm Jun 26, 2013 1:06pm
Quoting todstars2
loaded up long and ready to sell it to them every 10 points up
I'll be glad to sell you longs starting around 1.3035.
  • #810,687
  • Jun 26, 2013 1:08pm Jun 26, 2013 1:08pm
I think in order to continue going down, shorts need a bounce to reload, so if you think you'll be saying to yourself "I should have closed some at 1.3" when the price is at 1.3150 - 1.3200 it might help you decide what to do today.


Quoting daemon_delux
{quote} I'm short for some time now (1.3380) and am still undecided if I should close or not. With such bearish momentum there's a pretty big chance of getting more and more under (thinking of 1.2870-80 as a hurdle in the way). Until them or 1.31 I'm not closing.
Without a trade plan, say bye bye to your account & hello to frustration.
  • #810,688
  • Jun 26, 2013 1:10pm Jun 26, 2013 1:10pm
Quoting Kanzler
{quote} I'll be glad to sell you longs starting around 1.3035.
sorry i will be selling up there too. gots all i need :-)
  • #810,689
  • Jun 26, 2013 1:12pm Jun 26, 2013 1:12pm
If you look left on the daily chart it looks like the ascending triangle that the month of may forms is acting as support at this price level.

Next major support isnt until 1.291ish

If that breaks down then I certainly running for the doors
  • #810,690
  • Jun 26, 2013 1:15pm Jun 26, 2013 1:15pm
Quoting todstars2
{quote} sorry i will be selling up there too. gots all i need :-)
Ah shame. I'm not watching real short term so not benefiting much from pullbacks except to add to my position.
  • #810,691
  • Jun 26, 2013 1:21pm Jun 26, 2013 1:21pm
Well I'm targeting 1.283 for this trend, after that we'll have a bit of a bounce. and no I don't expect it to reach there until next week at the earliest.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdweekly.png Size: 94 KB
I operate with clear definite rules, if I break them I lose BIG!
  • #810,692
  • Jun 26, 2013 1:22pm Jun 26, 2013 1:22pm
Quoting Kanzler
{quote} Ah shame. I'm not watching real short term so not benefiting much from pullbacks except to add to my position.
Me either. Im working off the weekly chart with a long term uptrend in mind. buying dips and doling it out on the excitement of rises
  • #810,693
  • Jun 26, 2013 1:29pm Jun 26, 2013 1:29pm
I've drawn a confluence zone in this next chart. I said before it could retrace to 1.31487, but perhaps it shouldn't go that further.

So it could be between 1.30813 and 1.30849, which is the blue rectangle:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
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  • #810,694
  • Jun 26, 2013 1:35pm Jun 26, 2013 1:35pm
Quoting tomspin
{quote} It is just annoying and do not benefit anybody, don't bother Hatch, nothing will change, there is simply no "text book" solution for all of that, enjoy your break mate.
Oh, I am enjoying it very much.

For those of you, who cared to read:

Quoting gatorinla
{quote} atm wrong above.. the norm would be 3106/07 before 2978. the aud has gone north and the eu made a LL.. at eu 3021 area we may bounce (3016,21,26. or anytime above 2978) the ea has a norm at 3401 with a LM at 3979. the um at 4025.. with the atm low at 4017.. when at these points the au may be the better short over the eu. since the ea indicated to go to 4575 about 500 pips difference.
Could anything be less sugar-coated and pinkish, beforehand...?
Attached Image
  • #810,695
  • Jun 26, 2013 1:53pm Jun 26, 2013 1:53pm
Quoting Goodvalley
I've drawn a confluence zone in this next chart. I said before it could retrace to 1.31487, but perhaps it shouldn't go that further. So it could be between 1.30813 and 1.30849, which is the blue rectangle: {image}
.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
  • #810,696
  • Jun 26, 2013 2:06pm Jun 26, 2013 2:06pm
You know, sometimes I wonder if the see-saw of eur/usd will be exhausted before I am!
i must admit it'll be close - just hanging in!
lost approx $ 12000 on the spike to 1.3050....... Too high leverage, will I ever learn?
still, I 'm learning, though taking the losses, and making some adjustments to mitigate them (- actually getting a bit better on this)
  • #810,697
  • Jun 26, 2013 2:06pm Jun 26, 2013 2:06pm
they got sp500 above 1600 so likely sp500 will stay above 1600 for a while. expect euro to have serious bounce soon
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #810,698
  • Jun 26, 2013 2:08pm Jun 26, 2013 2:08pm
Quoting Mr Hatch
{quote} . {image}
Trouble is... I still don't see it.

And worst, I don't know if you're telling me that my confluences are right or not, as they are not in the 0,50 level.

And I did read (of course I did) Gator's post this morning. Also been looking to the chart you've posted above with his text. That conections between the 1.29xx's and the 1.31xx's don't make any sense to me. I know they should. Not to mention the "small world" (small timeframe?)...

Oh well, you're on vacation, have I nice time, Mr. Hatch...
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  • #810,699
  • Jun 26, 2013 2:19pm Jun 26, 2013 2:19pm
Quoting micder
You know, sometimes I wonder if the see-saw of eur/usd will be exhausted before I am! i must admit it'll be close - just hanging in! lost approx $ 12000 on the spike to 1.3050....... Too high leverage, will I ever learn? still, I 'm learning, though taking the losses, and making some adjustments to mitigate them (- actually getting a bit better on this)
lost $ 12000 in a spike? in what currency?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #810,700
  • Jun 26, 2013 2:21pm Jun 26, 2013 2:21pm
Quoting ffleo
{quote} lost $ 12000 in a spike? in what currency?
ZWD
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You cannot learn better without losing
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