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  • #847,361
  • Oct 27, 2013 4:50am Oct 27, 2013 4:50am
Quoting milam
{quote} I am on the side line,not bias, on the 4h tf there a bearish divergece on the macd line, which as already crossed below the signal line, at this point I am looking for a further PB towards the recent high if the momentum is maitained. I do not think she will is go much down, I have support @ 3694, 51 and 10.
Also if you go to the daily or 4h tf, you can draw the projection of the last pull back with the 2.00 @ 3828 wich makes confluence with the 61.8 retracement that I mentioned before @ 3832.
Wherever you go, there you are.
  • #847,362
  • Oct 27, 2013 5:19am Oct 27, 2013 5:19am
Quoting Beli
{quote} What is that indicator on the peaks,like traffic lights,I had it but after reinstall Windows I lost it..and dont remember \\"name\\"?

SHI_SilverTrendSig
Attached File(s)
File Type: mq4 SHI_SilverTrendSig.mq4   4 KB | 237 downloads
  • #847,363
  • Oct 27, 2013 7:36am Oct 27, 2013 7:36am
EURUSD vs ECB nominal liquidity (inverted, white)

ECB NOM LIQ is dropping fast and we'll likely see that the ECB will want to intervene via LTRO (or other measure to push EONIA lower, potentially lower Refi rate etc)

Fundamentally, its hard to justify the EUR rising much more without intervention from the ECB (nov 7th ??) but not because the EUR is overvalued, but because liquidity is draining away fast.

I should add, based on this the EZ CPI reading later this week will be very important, under 1% and you can almost guarantee further easing from the ECB
Attached Image (click to enlarge)
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  • #847,364
  • Oct 27, 2013 8:41am Oct 27, 2013 8:41am
Looking for a reversal pattern, I want to share this briefing on EWP.
http://www.thedisciplinedtrader.com/...timate/videos/
​
Per aspera ad astra
  • #847,365
  • Edited 9:46am Oct 27, 2013 9:30am | Edited 9:46am
Quoting gatorinla
{quote} i think it can go higher also. using the eu personalty. a drop of 1000 pips is not to be discounted first .
Nothing else to see below Weekly and Monthly chart.

BO from June 01, 2011 high 1.4377 is now support on H4 and Daily close. Unless BOC and or ECB/FED do something about it looks like the direction short/mid-term is set.

Attached Image (click to enlarge)
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Edit:

And Gold

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  • #847,366
  • Oct 27, 2013 9:39am Oct 27, 2013 9:39am
Quoting Davit
{quote} Newton's laws of motion are three physical laws that together laid the foundation for classical mechanics. They describe the relationship between a body and the forces acting upon it, and its motion in response to said forces. They have been expressed in several different ways over nearly three centuries,[1]...

Good analogy.

I also see currency pairs in such terms.

They continue in a direction (trend) until an external force ( fundamental events) acts upon them thus creating new direction (trend reversal)
  • #847,367
  • Oct 27, 2013 10:13am Oct 27, 2013 10:13am
Just a trade setup I'm seeing here if we can make a lower high on the hourly
Attached Image (click to enlarge)
Click to Enlarge Name: 27oct13euro1hourshort.png Size: 62 KB
Don't have an ego. Always question yourself and your ability.
  • #847,368
  • Oct 27, 2013 11:04am Oct 27, 2013 11:04am
Quoting Beli
{quote} What is that indicator on the peaks,like traffic lights,I had it but after reinstall Windows I lost it..and dont remember \"name\"?
Its a quick way to see HH LL and mid levels.It has alarm function as well.
Attached File(s)
File Type: ex4 #4X 3 Semafor Alert.ex4   11 KB | 273 downloads
In trading, you have to be defensive and aggressive at the same time
  • #847,369
  • Oct 27, 2013 11:05am Oct 27, 2013 11:05am
Quoting ffleo
{quote} big rhythm, {image}

I see the same thing. ECB will start to intervene pretty soon. And all those long retail traders will be caught in a huge bull trap.
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #847,370
  • Oct 27, 2013 11:08am Oct 27, 2013 11:08am
Quoting RamsesII
Just a trade setup I'm seeing here if we can make a lower high on the hourly {image}


Attached Image (click to enlarge)
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  • #847,371
  • Oct 27, 2013 11:10am Oct 27, 2013 11:10am
Quoting chazzle
{quote} ... simply for the sake of fading the \"majority\" view? Or is there another reason?

To me fundamentally both Sterling and Euro are way above what their true worth is.In simple terms hyper bought.
Overvalued.

worth reading
Euro-Area Services, Manufacturing Unexpectedly Slow

“The dip in the PMI will remind policymakers that a sustainable upturn is by no means assured, and adds confirmation to the ECB’s view that the recovery is slow, uneven and fragile"

Add to this mix high Euro and any hope of German manufacturing exports increase is guaranteed to fail.I am almost certain there will be intervention to bring Euro down.
In trading, you have to be defensive and aggressive at the same time
  • #847,372
  • Oct 27, 2013 11:12am Oct 27, 2013 11:12am
Quoting BobGnarly
{quote} I see the same thing. ECB will start to intervene pretty soon. And all those long retail traders will be caught in a huge bull trap.
Bold statement.

Assuming they all highly leveraged don't have risk management and not using stops then fully agree with you.
  • #847,373
  • Oct 27, 2013 11:12am Oct 27, 2013 11:12am
Quoting Ken A
{quote} {image}
Ha ha cheers buddy, I'm still learning though... risk management still a little off.
Don't have an ego. Always question yourself and your ability.
  • #847,374
  • Oct 27, 2013 11:14am Oct 27, 2013 11:14am
Quoting Ken A
{quote} Bold statement. Assuming they all don't have risk management and not using stops then fully agree with you.



That's about 95% of retail traders
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #847,375
  • Oct 27, 2013 11:25am Oct 27, 2013 11:25am
Quoting BobGnarly
{quote} That's about 95% of retail traders
I wouldn't make assumption on public thread. It's a big ocean out there.
  • #847,376
  • Oct 27, 2013 11:25am Oct 27, 2013 11:25am
Quoting Ken A
{quote} Bold statement. Assuming they all highly leveraged don't have risk management and not using stops then fully agree with you.

I was thinking about high leverage from different angle.
When one goes to casino he/she has a budget saying I will risk 200, 500 which is average and once blown I am done.

What lot of guys do which I like take that concept say 200 dollars and leverage it 300.1 or higher and risk in perfect set ups and dramatically increase the equity or go bust trying.If busted then no big deal but if not one can take that 200 to 10k
Forexsaint done this many times.He is actively doing it now as well.
So just wanted to share this because everyone keeps disrespecting guys who use high leverage.
Taking this another step further in order to gain substantially one must take greater stake lot more then commonly risked 1-2% you keep reading on books and forums.I risk 10-20% because I don't want to spend an entire year in front of PC and show meager profits only to be less then minimum wage and once divided profits in hours then you have to ask if its worth doing at all. On common retail account of 2k even 50% gain is 1k which is less then average yearly phone bill...
Regards
In trading, you have to be defensive and aggressive at the same time
  • #847,377
  • Oct 27, 2013 11:28am Oct 27, 2013 11:28am
Quoting Davit
{quote} What lot of guys do which I like take that concept say 200 dollars and leverage it 300.1 or higher and risk in perfect set ups and dramatically increase the equity or go bust trying.If busted then no big deal but if not one can take that 200 to 10k Forexsaint done this many times.He is actively doing it now as well. So just wanted to share this because everyone keeps disrespecting guys who use high leverage. Regards
Pretty much exactly how I'm operating these days.. except I'm depositing $100-125.
Don't have an ego. Always question yourself and your ability.
  • #847,378
  • Oct 27, 2013 11:30am Oct 27, 2013 11:30am
Quoting Davit
{quote} I was thinking about high leverage from different angle. When one goes to casino he/she has a budget saying I will risk 200, 500 which is average and once blown I am done. What lot of guys do which I like take that concept say 200 dollars and leverage it 300.1 or higher and risk in perfect set ups and dramatically increase the equity or go bust trying.If busted then no big deal but if not one can take that 200 to 10k Forexsaint done this many times.He is actively doing it now as well. So just wanted to share this because everyone keeps disrespecting...
Free money from main account either $1K or $100K or more is different story and the definition is very subjective. A $100 could mean a lot to me but $10K could be just cost of spread for a single trade to someone else.
  • #847,379
  • Oct 27, 2013 11:35am Oct 27, 2013 11:35am
Monthly is Long.........
Attached Image (click to enlarge)
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The More You Learn, The More You Earn.....
  • #847,380
  • Oct 27, 2013 11:36am Oct 27, 2013 11:36am
Weekly is Long.............
Attached Image (click to enlarge)
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The More You Learn, The More You Earn.....
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