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  • #863,101
  • Dec 12, 2013 6:18am Dec 12, 2013 6:18am
Quoting sanacasta
one more swing up above 1.38300 BE CAREFULL!!! {image}

yeah! my heavy shorts are waiting there!!
  • #863,102
  • Dec 12, 2013 6:18am Dec 12, 2013 6:18am
Quoting swing 123
{quote} moved down to 64 now
bears have tried to some damage but bad data may put bulls back into driving seat.
  • #863,103
  • Dec 12, 2013 6:20am Dec 12, 2013 6:20am
A Gartley in the H1 chart
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  • #863,104
  • Dec 12, 2013 6:20am Dec 12, 2013 6:20am
Well yes the bulls could come back but keep in mind that as long as the dollar index is going to be positive today we will have bears dominating the markets.
I hope we can slide another 25 pips down because then we could see some further losses tomorrow ( however I would not recommend placing trades on friday)
I wish I could time travel, I'd be "very" rich
  • #863,105
  • Dec 12, 2013 6:22am Dec 12, 2013 6:22am
Quoting namitak007
{quote} same here! managed to grab 50 pips so far!! entered just @1.376 with tp 1.364 EDIT: additional 30 pips with UChf
? euro uptrend has not been yet broken, one thing for sure,
is not easy to bellieve gold again at 700 like big banks are saying with tons of QE going into the market and countries like china having so many usd trillions in hands, $2000 gold look more alike in 1 or 2 years.
  • #863,106
  • Dec 12, 2013 6:25am Dec 12, 2013 6:25am
Quoting namitak007
{quote} same here! managed to grab 50 pips so far!! entered just @1.376 with tp 1.364 EDIT: additional 30 pips with UChf
Sir,

Great if you can make a few.

Well done!

Now rinse and repeat.

All success to you
  • #863,107
  • Dec 12, 2013 6:30am Dec 12, 2013 6:30am
Quoting swing 123
{quote} bears have tried to some damage but bad data may put bulls back into driving seat.
  • #863,108
  • Dec 12, 2013 6:32am Dec 12, 2013 6:32am
Quoting davidsayli
AUD/USD BULL {image}

yep
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #863,109
  • Dec 12, 2013 6:34am Dec 12, 2013 6:34am
Quoting SnaveForex
{quote}
Specifically bad data from EU.

We have French PMI next Monday to watch, then Draghi speaks later that day too.
  • #863,110
  • Dec 12, 2013 6:37am Dec 12, 2013 6:37am
Still wont drop. this is getting hilarious.
Twitter: @TrendersGame
  • #863,111
  • Dec 12, 2013 6:38am Dec 12, 2013 6:38am
Quoting hoom
{quote} I agree , but this Data from Onada doesn't represent anything in a big scale of traders .
Sir, H

I have a question for you though..

Do you not think that there may be a similarity principle running through the bulk of retail traders? If 30'000 positions is analyzed and 80% is choosing one direction, do you not think that the next 30'000 may be positioned along similar lines? The next 300'000?

There is one important key that may be missing.. the actual stops themselves.. I have seen price drop with 15'000 shorts stops @ X. Leaving these all to profit. But as price drops, these stops are moved lower - to bank profit on the down move. This can be understood and we will all do the same. The LEVEL now changes..

If one does not know the LEVEL of these positions ( in terms of where the stops are) - I agree - it is a shot in the dark.

Just thinking out loud...

Trade well!
  • #863,112
  • Dec 12, 2013 6:38am Dec 12, 2013 6:38am
E/A 1.55
  • #863,113
  • Dec 12, 2013 6:40am Dec 12, 2013 6:40am
common one more run to 1.380X
  • #863,114
  • Dec 12, 2013 6:41am Dec 12, 2013 6:41am
EU bear heading wrong. It should wait for FOMC before step on 3730
You cannot learn better without losing
  • #863,115
  • Dec 12, 2013 6:42am Dec 12, 2013 6:42am
Quoting Ken A
E/A 1.55
It's a killing machine, but once daily rolls over...thousand of pips on the downside, waiting for it

And if it goes back to 2.xxx then i'll live a crazy life in Australia!!
COT: The precious data ignored
  • #863,116
  • Dec 12, 2013 6:44am Dec 12, 2013 6:44am
Quoting kuroro001
{quote} It's a killing machine, but once daily rolls over...thousand of pips on the downside, waiting for it And if it goes back to 2.xxx then i'll live a crazy life in Australia!!
Probably will turn if and when A/U hit .88
  • #863,117
  • Dec 12, 2013 6:44am Dec 12, 2013 6:44am
patience....will drop, but just after you change your mind.
f(z)=z2+c
  • #863,118
  • Dec 12, 2013 6:47am Dec 12, 2013 6:47am
Quoting Ken A
{quote} Probably will turn if and when A/U hit .88
Looking at it yes

We may never see that 0.85, but time will tell if Steven was right or not
COT: The precious data ignored
  • #863,119
  • Dec 12, 2013 6:47am Dec 12, 2013 6:47am
Quoting acidguy
{quote} come on bears also need to feed their kids, let it go to 1.36 then u long and take it to 1.38 again. bulls can have fun buying gold right now.

break out is coming, but looks like there is bull dinner on the menü...
f(z)=z2+c
  • #863,120
  • Dec 12, 2013 6:50am Dec 12, 2013 6:50am
Quoting TauTrader
{quote} Sir, H I have a question for you though.. Do you not think that there may be a similarity principle running through the bulk of retail traders? If 30'000 positions is analyzed and 80% is choosing one direction, do you not think that the next 30'000 may be positioned along similar lines? The next 300'000? There is one important key that may be missing.. the actual stops themselves.. I have seen price drop with 15'000 shorts stops @ X. Leaving these all to profit. But as price drops, these stops are moved lower - to bank profit on the down...
Hello TauTrader,

First, thank you for your explanation and interest.
Well , I am not excluding the fact that majority would have the same mindset if we refer to these positions in a matter of probabilities and statistics , But what I wanted to refer to is that such information could be misleading as market get smarter whenever you think that you 've got a hint .
all things considered , Stops are powerful tool to know and use to make decision upon the direction .

Cheers
Get Rich or Die Tryin
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