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  • #814,601
  • Jul 11, 2013 8:52am Jul 11, 2013 8:52am
Quoting Mr Hatch
{quote} 3197 was and is an asshole. I didn't notice it yesterday, though, my bad. We're at ~the 50% mark now, but I would not be surprised to see London pushing it towards 2892.9, before NY takes over later (after London close) to try again. Lots of complete bs in my charts atm.
Coloquial or trading speaking, what it's a ashole in this case??
  • #814,602
  • Jul 11, 2013 8:53am Jul 11, 2013 8:53am
Quoting gatorinla
{quote} that's where the big money would be. i has pendings at the mid.. missed that one.. its a bitch with 3197 and the bulls wanting 3739
one of those bitches with magnets and rubber-bands, hm?
  • #814,603
  • Jul 11, 2013 8:54am Jul 11, 2013 8:54am
After the spike up, this has been a usual $$ strength move. Moving in a choppy boring fashion down with occasional spikes to tempt longs, stand aside time and don't take part in the BS games
  • #814,604
  • Jul 11, 2013 8:55am Jul 11, 2013 8:55am
targeting 1.2984 with my shorts! let's see what happens! was decided to not to enter but it's just Thursday! So come on!
  • #814,605
  • Jul 11, 2013 8:56am Jul 11, 2013 8:56am
Quoting bennyblanco
After the spike up, this has been a usual $$ strength move. Moving in a choppy boring fashion down with occasional spikes to tempt longs, stand aside time and don't take part in the BS games
You can take part when you see often enough. It's typical of the euro. Similar movement a week before the June FOMC and now the BoJ.
When the facts change I change my mind, what do you do sir
  • #814,606
  • Jul 11, 2013 9:04am Jul 11, 2013 9:04am
Quoting Pip Anon
{quote} The FX market has a $4 trillion turnover. You got that cash hidden somewhere? All of FF could join you and prob not make a dent
True:
If everyone getting together is to work, we have to back the big money banks. I am amazed that people of your caliber even reply to my musings. I watch yours carefully and with benefit. There is a trade off in my mind right now between watching charts and understanding what is going on. I do not need more of that for myself. There are kids going to bed hungry in this world tonight. If I can only turn a bit of these trillions their way....
  • #814,607
  • Jul 11, 2013 9:06am Jul 11, 2013 9:06am
Quoting Mr Hatch
{quote} one of those bitches with magnets and rubber-bands, hm?

yeah w/o 2742 it will remain. the cad aud gbp ect. have very bearish targets.. looking at the usdx, a big bull is coming. so far this move is all inside. using the usd we still have drop room for the usd w/o a void. i have taken some cad profit to cover my s/l .. still usd bullish until oil in the ez is above u.s. production % wise.
those who can, do. those who cant, talk about those who can
  • #814,608
  • Jul 11, 2013 9:06am Jul 11, 2013 9:06am
Quoting Pip Anon
{quote} You can take part when you see often enough. It's typical of the euro. Similar movement a week before the June FOMC and now the BoJ.
Well, I've been tempted into a small short by the current PA. But I'm focusing on options as the way forward, last night was too good a opportunity to miss so I took long positions. But options mean you don't get stopped out by the whipsaw, looking like my preferred way forward.
  • #814,609
  • Jul 11, 2013 9:09am Jul 11, 2013 9:09am
Quoting bennyblanco
{quote} Well, I've been tempted into a small short by the current PA. But I'm focusing on options as the way forward, last night was too good a opportunity to miss so I took long positions. But options mean you don't get stopped out by the whipsaw, looking like my preferred way forward.

What kind of options? Equity options or forex options?
  • #814,610
  • Jul 11, 2013 9:11am Jul 11, 2013 9:11am
Quoting akedemik
{quote} What kind of options? Equity options or forex options?
FX options, currently testing on demo and its looking good so far. Less involvement than trading lots and you don't get stopped out
  • #814,611
  • Jul 11, 2013 9:13am Jul 11, 2013 9:13am
Quoting bennyblanco
{quote} Well, I've been tempted into a small short by the current PA. But I'm focusing on options as the way forward, last night was too good a opportunity to miss so I took long positions. But options mean you don't get stopped out by the whipsaw, looking like my preferred way forward.
By all means. If you can recognize it, you can turn profit. To be very honest, if I thought 400 pips was on the books I'd be full of it. However, the cycles are the same. I took some shorts earlier at 1.3104, 1.3072 and 1.3034 closed on 1.301. Flat currently. I didn't even feck with it yesterday.

I like to trade euro future options. Very flexible.
When the facts change I change my mind, what do you do sir
  • #814,612
  • Jul 11, 2013 9:14am Jul 11, 2013 9:14am
Quoting gatorinla
{quote} yeah w/o 2742 it will remain. the cad aud gbp ect. have very bearish targets.. looking at the usdx, a big bull is coming. so far this move is all inside. using the usd we still have drop room for the usd w/o a void. i have taken some cad profit to cover my s/l .. still usd bullish until oil in the ez is above u.s. production % wise.
  • #814,613
  • Jul 11, 2013 9:18am Jul 11, 2013 9:18am
Important EUR Update

Dont trade within the next few days, since market is extremely unpredictable. Here are the details:

Right now is a real tricky time to go either short or long. Cant over emphasize this. The explanation below will help to shed some more light on the situation.


Weekly Time Frame

We are at the Grey region of the blue circle. This means more uncertainty. From the looks of the square region shown on the lower time frames we could be in the middle of a triangle. This triangle has not completed and there are legs C, D, and E waiting to be completed.


If this theory is correct, which at this point of time is too early to say, then we have a huge upward thrust that can go as high as 4700/4800 on the red circle.

Now the other thing that is happening right now is that the agitation in the square region of the chart shown is very reminicent of situations where the perimeter of a circle gets broken and the upward limitation of a movement has been reached, the only difference here is that we have nested circles for support, but price obeying the resistance regions of the blue circle.

Now on top of that we have another important phenomenon that looks like its taking shape and that is the "Barrel Roll" phenomenon, where the third barrel, which is yet to come is going to be followed by a "HUGE SPIKE DOWNWARDS".

This is a very scary situation, but for the next 7-10 days it wont happen as easily as described above, since the market needs some time to stabalize itself and decide on a direction. This is more of a longer term outlook, but a very important piece of the puzzle to keep in mind.

In the next few weeks, the more that we stay within the 3200 to 3000 zone, the higher will be the possibility of a huge spike down. The sooner that we get to 3400 and maintain a region between 3150 and 3400, the higher will be the probability of a rise towards 4700.

The size of the downward spike, if it happens is quite heavy and will clear all the lows made since 2008 in a very very short time.

That is why I am giving early warning signs of staying out for few days to see what happens.
Attached Image (click to enlarge)
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  • #814,614
  • Jul 11, 2013 9:18am Jul 11, 2013 9:18am
zzzzz whoever is controling these markets do an amazing job of leaving it hanging in the balance. Feels bearish but why hasnt 13000 broken ? or even tested ? i imagine 13000 must be coming
Loser trying to become a winner!
  • #814,615
  • Jul 11, 2013 9:24am Jul 11, 2013 9:24am
Quoting Pip Anon
{quote} By all means. If you can recognize it, you can turn profit. To be very honest, if I thought 400 pips was on the books I'd be full of it. However, the cycles are the same. I took some shorts earlier at 1.3104, 1.3072 and 1.3034 closed on 1.301. Flat currently. I didn't even feck with it yesterday. I like to trade euro future options. Very flexible.
I like the flexibility, due to work becoming busier the time I can spend trading is reduced. Options is much less time intensive, early days but we'll see how it goes. The other good thing is you know from the start the max possible loss
  • #814,616
  • Jul 11, 2013 9:25am Jul 11, 2013 9:25am
fk me finnaly bulls are still in the game... good job by the big boys of making it look bearish
Loser trying to become a winner!
  • #814,617
  • Jul 11, 2013 9:28am Jul 11, 2013 9:28am
I know one thing for sure these days...american guys love to buy euro.
  • #814,618
  • Jul 11, 2013 9:31am Jul 11, 2013 9:31am
Quoting gatorinla
{quote} that's where the big money would be. i has pendings at the mid.. missed that one.. its a bitch with 3197 and the bulls wanting 3739
Quoting Mr Hatch
{quote} 3197 was and is an asshole. I didn't notice it yesterday, though, my bad. We're at ~the 50% mark now, but I would not be surprised to see London pushing it towards 2892.9, before NY takes over later (after London close) to try again. Lots of complete bs in my charts atm.
1+1=2?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #814,619
  • Jul 11, 2013 9:35am Jul 11, 2013 9:35am
Quoting MyOpinion
fk me finnaly bulls are still in the game... good job by the big boys of making it look bearish
No, they did a good job making it look bullish.
When the facts change I change my mind, what do you do sir
  • #814,620
  • Jul 11, 2013 9:36am Jul 11, 2013 9:36am
Quoting Pharm0r
Rap I hate to break it to you, but you are a very VERY small fish in a very VERY big ocean. You are a plankton in the Pacific Ocean. If every plankton in the ocean revolted against the blue wale....they'd still be eaten and there would be no more planktons.
Good metaphor. Plankton with delusions of grandeur are doomed. I always include the big money banks in my dreams. That makes it a very big if. If there where ever enough plankton in the sea to overwhelm the Whales, no one would survive.
For now, my other pairs appear to be headed back to their quarters so I can't trade them
The eur/usd is hanging around the 38.2 fibo and must break lower for me to enter a sell. My guess is it's going up to challenge the 480 ma then the previous highs, but I have no confidence in this at this time either. This is frequently a good time of day to make money, so I will stay alert.
As my ex- wife used to say to me, size isn't everything.....
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