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  • #812,501
  • Jul 5, 2013 11:22am Jul 5, 2013 11:22am
Quoting FXMastermind
S EU @.2957, S AU @.9122. Stops @BE, going for a walk. You guys better do the same and let the markets do their job. Hope you had fun and nice weekend to you all.
took 40 pips @EU, decreasing exposure into the weekend. Also, I donīt like this inability to close below .2820/14. Better stay safe.

AU is doing just fine so far.
Quant Hedge Fund CEO
  • #812,502
  • Jul 5, 2013 11:22am Jul 5, 2013 11:22am
Quoting PipVip
I really want to buy a long here, but I agree, the "force" is not with us at the moment.
What/who is the "force" I wonder?
Quant Hedge Fund CEO
  • #812,503
  • Jul 5, 2013 11:23am Jul 5, 2013 11:23am
Quoting PROstrength
{quote} Thanks for the detailed response. I appreciate that. I am guessing every trader in the universe that trades E/U is going short again then based on this conclusion. In my short tenure I am used to seeing somewhat of a retrace, and I have not really seen that, so this had me questioning what is going on at the moment. I thought at least a bounce of 50-60pips up before another downturn. what say you? Thanks again for your assistance.
http://stockcharts.com/school/doku.p...nd_shoulders_t
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #812,504
  • Jul 5, 2013 11:29am Jul 5, 2013 11:29am
Quoting FXMastermind
{quote} What/who is the "force" I wonder?

Inserted Video


Does this mean I'm a jedi?
  • #812,505
  • Jul 5, 2013 11:30am Jul 5, 2013 11:30am
Quoting PROstrength
{quote} Thanks for the detailed response. I appreciate that. I am guessing every trader in the universe that trades E/U is going short again then based on this conclusion. In my short tenure I am used to seeing somewhat of a retrace, and I have not really seen that, so this had me questioning what is going on at the moment. I thought at least a bounce of 50-60pips up before another downturn. what say you? Thanks again for your assistance.
multiple down tl systems are getting respect now, we've missed 2 50% retraces in a row (didn't even hit 38.2), fund's don't look good for .eu --- definite bearish bias. may miss out on big drop at sunday open, but will hold off over wkend to est new s pos. based on replicated tl sys from tues would expect next bounce at ~2700

just my 2 cents
  • #812,506
  • Jul 5, 2013 11:30am Jul 5, 2013 11:30am
We all realize the Head-shoulders pattern... but it is just one of many possible future outcomes.
  • #812,507
  • Jul 5, 2013 11:30am Jul 5, 2013 11:30am
Quoting BoringIsGood
http://www.youtube.com/watch?v=x2YQJsbbWNA Does this mean I'm a jedi?
about to link that
How to Win at Sports Betting: DON'T DO IT!
  • #812,508
  • Jul 5, 2013 11:33am Jul 5, 2013 11:33am
Quoting Vtmn
{quote} about to link that

I figured I'd have to be quick on that one.
  • #812,509
  • Jul 5, 2013 11:33am Jul 5, 2013 11:33am
Quoting godim
{quote} http://stockcharts.com/school/doku.p...nd_shoulders_t
that's better than wiki.
  • #812,510
  • Jul 5, 2013 11:34am Jul 5, 2013 11:34am
Quoting FXMastermind
{quote} almost peed my pants laughing...What kind of bullshit is this? You canīt by partly bullish you complete tool...You are either bullish, bearish or sidelined and thatīs about it...

Precisely the reason why im not posting on EURUSD thread anymore... the amount of muppets here are too damn high....
back to GBPUSD thread i go lol
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #812,511
  • Jul 5, 2013 11:35am Jul 5, 2013 11:35am
Quoting FXMastermind
{quote} What/who is the "force" I wonder?
Central bankers, the sooner these muppets realize Central bankers are the ones moving markets, the earlier they'll learn to trade better lol....
it only took Carney and Draghi to move the GBPUSD and EURUSD down 200 pips and 150 pips in a matter of minutes... if the central banks are not the forces behind the forex market, then i dont know who is.... LOL
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #812,512
  • Jul 5, 2013 11:38am Jul 5, 2013 11:38am
Quoting godim
{quote} http://stockcharts.com/school/doku.p...nd_shoulders_t
Thanks for that link. I really appreciate the assistance.
  • #812,513
  • Jul 5, 2013 11:38am Jul 5, 2013 11:38am
Quoting fxtyrant
{quote} Central bankers, the sooner these muppets realize Central bankers are the ones moving markets, the earlier they'll learn to trade better lol....
Yeah, well, for most of the kids here dealing with emotions related to trading and managing risk will be much greater challenge.

Truth be told, hard to blame them though - our nature as human beings directly contradicts with what makes a good trader.

But meh, 1 of 10 will manage - thatīs almost paretooptimal
Quant Hedge Fund CEO
  • #812,514
  • Jul 5, 2013 11:41am Jul 5, 2013 11:41am
Quoting godim
{quote} http://stockcharts.com/school/doku.p...nd_shoulders_t
I was hoping for that 50-60 bump last night but alas it didn't happen. Such is the nature of trading. What's going on you say? Here comes the speculation. My studies have convinced me that we, the retail market, make zero impact on currency but the central banks and commerce do. Every country wants their currency to be strong relative to the other major currencies but not too strong or goods and services will certainly be affected. So there will always be this constant ying yang thing going on not only between the central banks but commerce as well and is exacerbated by announcements. Boeing or grain shipments may be curtailed for a day or two if the currency looks more favorable to postpone. It's a delicate balance since the currency market is fiat money. It's to the U.S. advantage to lose in value to the Euro in order to attract demand for goods and services. But the idea is not to go to low. The european central banks do the same thing. It's a dance really except they take turns taking the lead.
Taigen Profit This Month: na
  • #812,515
  • Jul 5, 2013 11:43am Jul 5, 2013 11:43am
We all *know* it's the central bankers and very large funds.
  • #812,516
  • Jul 5, 2013 11:49am Jul 5, 2013 11:49am
Quoting PipVip
We all *know* it's the central bankers and very large funds.

most of the time central banks do not trade. it is large funds that speculate most of the time. cenral banks intervene the market occasionally when they see the market is too off from a level that harms economy.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #812,517
  • Jul 5, 2013 11:54am Jul 5, 2013 11:54am
Quoting ffleo
{quote} most of the time central banks do not trade. it is large funds that speculate most of the time. cenral banks intervene the market occasionally when they see the market is too off from a level that harms economy.
Yeah, you are right...They are not influencing markets heavily by their monetary policy and they are not stockpiling any bonds or MBS, pumping cheap money into the economy and they never intervene in the currency markets (especially not SNB or BoJ)...

I am just glad we have so many experts here to remind me here and there...
Quant Hedge Fund CEO
  • #812,518
  • Jul 5, 2013 11:55am Jul 5, 2013 11:55am
Quoting ffleo
{quote} most of the time central banks do not trade. it is large funds that speculate most of the time. cenral banks intervene the market occasionally when they see the market is too off from a level that harms economy.
you guys have to differentiate between central banks and investment banks.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #812,519
  • Jul 5, 2013 12:00pm Jul 5, 2013 12:00pm
Quoting ffleo
{quote} you guys have to differentiate between central banks and investment banks.
...and most importantly, you guys have to differentiate between those whose posts make sense and smartypants who post rubbish like ffleo.
Quant Hedge Fund CEO
  • #812,520
  • Jul 5, 2013 12:00pm Jul 5, 2013 12:00pm
Quoting ffleo
{quote} most of the time central banks do not trade. it is large funds that speculate most of the time. cenral banks intervene the market occasionally when they see the market is too off from a level that harms economy.
Now I can only speak for what's done in the U.S. but the federal reserve (U.S. central bank--privately owned) intervenes in the economy at a constant rate. What they are doing now is shoring up the Dow Jones through brokerage houses by infusing these companies by 85 billion--yes billion with a 'b'--a month. It sure makes our stock market look good--gee, it's hitting 15,000. Gosh, golly, gumdrops... There is a reason why the rest of the countries are in fear and trepidation regarding the absolute out of control Federal Reserve. But as long as they are printing money, it doesn't matter... Happy face ...
Taigen Profit This Month: na
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