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  • #863,461
  • Dec 13, 2013 12:40pm Dec 13, 2013 12:40pm
Quoting Davit
{quote} why not holding weekend.If you are bear then what you got to fear?Back to 3750? big deal. I hold trades for weeks and months. If you are too nervous then your position is too big. Regards My EC short finally is happening
Next week is the FOMC week, better not be committed to something ... you never know who will give a Saturday's interview, and the reporter take his/her statement while markets form a sentiment around it.
"It's the Margin, Stupid."
  • #863,462
  • Dec 13, 2013 12:40pm Dec 13, 2013 12:40pm
Quoting ffleo
is cable a long or short? {image}

Cable is at exhaustion point.I said this same few days ego when it was 64
We will visit 55 again before possible up moves.Its way overdue for correction and Carney is somewhat subdued which tells me Brits can't compete globally if everyone is trying to lower their currencies.
In trading, you have to be defensive and aggressive at the same time
  • #863,463
  • Dec 13, 2013 12:44pm Dec 13, 2013 12:44pm
Quoting Vachus
{quote} Next week is the FOMC week, better not be committed to something ... you never know who will give a Saturday's interview, and the reporter take his/her statement while markets form a sentiment around it.

Hi Vachus
My trading plan allows me wide distances from entry without fear and that's why I don't use hard stops.
Trick is to use smaller lots in frequent manner at key junctions.
Euro to me no matter what Feds do is heading to 1.30. Fundamentals support lower Euro
Regards
In trading, you have to be defensive and aggressive at the same time
  • #863,464
  • Dec 13, 2013 12:49pm Dec 13, 2013 12:49pm
Quoting Davit
{quote} Cable is at exhaustion point.I said this same few days ego when it was 64 We will visit 55 again before possible up moves.Its way overdue for correction and Carney is somewhat subdued which tells me Brits can't compete globally if everyone is trying to lower their currencies.
I will unload my cable shorts all the way from 6000 to 5400, at 100 pip intervals.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #863,465
  • Dec 13, 2013 12:53pm Dec 13, 2013 12:53pm
Quoting Davit
{quote} Cable is at exhaustion point.I said this same few days ego when it was 64 We will visit 55 again before possible up moves.Its way overdue for correction and Carney is somewhat subdued which tells me Brits can't compete globally if everyone is trying to lower their currencies.
having small euro shorts, plan to hold to 3400, 3320 and 3130.

Attached Image (click to enlarge)
Click to Enlarge Name: euro_273.png Size: 668 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #863,466
  • Dec 13, 2013 12:59pm Dec 13, 2013 12:59pm
Quoting ffleo
{quote} having small euro shorts, plan to hold to 3400, 3320 and 3130. {image}

Market is gearing up for possible QE tempering in Jan 2014
Once this is done both Euro and Cable will come down to parity or closer to true worth.
To me irregardless of Feds actions Euro is heading to new crises with Greece,Spain,Italy particularly with Greece which is due to replay 10b debt but so far all the austerity measures made whole lot of people unemployed and mad.Something ugly is going to happen.
In trading, you have to be defensive and aggressive at the same time
  • #863,467
  • Dec 13, 2013 1:04pm Dec 13, 2013 1:04pm
Quoting Davit
{quote} Market is gearing up for possible QE tempering in Jan 2014 Once this is done both Euro and Cable will come down to parity or closer to true worth. To me irregardless of Feds actions Euro is heading to new crises with Greece,Spain,Italy particularly with Greece which is due to replay 10b debt but so far all the austerity measures made whole lot of people unemployed and mad.Something ugly is going to happen.
I am not quite sure how low euro can drop, but a look at cable weekly tells me it is going to start big drop. Cable current weekly is engulfing last week red candle and is going to close red and below last week low, and all this happens near the top. On top of this the price pattern is forming a converging wedge.

Attached Image (click to enlarge)
Click to Enlarge Name: cable_274.png Size: 341 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #863,468
  • Dec 13, 2013 1:07pm Dec 13, 2013 1:07pm
Quoting ffleo
{quote} I am not quite sure how low euro can drop, but a look at cable weekly tells me it is going to start big drop. Cable current weekly is engulfing last week red candle and is going to close red and below last week low, and all this happens near the top.

I don't pay attention to candle formations.To me its irrelevant.
In trading, you have to be defensive and aggressive at the same time
  • #863,469
  • Dec 13, 2013 1:12pm Dec 13, 2013 1:12pm
Quoting ffleo
{quote} I am not quite sure how low euro can drop, but a look at cable weekly tells me it is going to start big drop. Cable current weekly is engulfing last week red candle and is going to close red and below last week low, and all this happens near the top.
Fully agree with you here. If the week's wick closes looking this on euro, and you see how it has behaved in the past with 70-90 pip wicks we should be in for at least 300 pip drop next week.

Will evaluate more after the market closes. Errand running time now.
  • #863,470
  • Dec 13, 2013 1:21pm Dec 13, 2013 1:21pm
Quoting Davit
{quote} Hi Vachus My trading plan allows me wide distances from entry without fear and that's why I don't use hard stops. Trick is to use smaller lots in frequent manner at key junctions. Euro to me no matter what Feds do is heading to 1.30. Fundamentals support lower Euro Regards
I was just commenting just in case someone holding a position highly leveraged ... But i wish you all the best to your trades! The 1.34 buying was based on options & leveraged funds - AKA they will take profits sooner or later. The last straw in this bullish momentum is the feds. Markets are calling the feds they won't taper in December. So, they have something to keep holding on to! But once we crossed December , with inflation numbers coming out and lower expectation of GDP it will be time for reality check. This is where things will get interesting, and Draghni drops his Christmas face and say " The ECB will do what ever it takes to fight the euro ".

But, don't be a party crasher and let the kids have fun with their momentum singing " 1.40 , 1.45 , 1.50 or hey even 2.00 "
"It's the Margin, Stupid."
  • #863,471
  • Dec 13, 2013 1:27pm Dec 13, 2013 1:27pm
Inserted Video
  • #863,472
  • Dec 13, 2013 1:28pm Dec 13, 2013 1:28pm
Quoting Vachus
{quote} But, don't be a party crasher and let the kids have fun with their momentum singing " 1.40 , 1.45 , 1.50 or hey even 2.00 "
1.45 ok I'll keep it zip
enjoy your weekend
In trading, you have to be defensive and aggressive at the same time
  • #863,473
  • Dec 13, 2013 1:30pm Dec 13, 2013 1:30pm
We will see more downside next week if it close under 1.3750 this week
  • #863,474
  • Dec 13, 2013 1:33pm Dec 13, 2013 1:33pm
just for fun go here
Plug your account number and % gain you expect and see the results.Once you see how little it takes to make great money in longer term then you will realize going small for long haul is better.
My trading plan is based on 5% gain or more monthly.
Stay away from high leverage and large lots and you should do fine.
In trading, you have to be defensive and aggressive at the same time
  • #863,475
  • Dec 13, 2013 1:34pm Dec 13, 2013 1:34pm
Quoting Davit
{quote} 1.45 ok I'll keep it zip enjoy your weekend
who bought a bitcoin for 1100 dollars , wouldn't really be keen to pay 2 dollars for one euro ... its a bargain man
"It's the Margin, Stupid."
  • #863,476
  • Dec 13, 2013 1:46pm Dec 13, 2013 1:46pm
Quoting Kanzler
{quote} Losing streak is over anyway. Wicked live calls the last two days. {image}
My calls?
Wherever you go, there you are.
  • #863,477
  • Dec 13, 2013 2:50pm Dec 13, 2013 2:50pm
Hello.
Seeing a rebound .. Today probably will not break the level of 1.37 ..
A shame and a pity .. would like to see feel today - 1.366 ..
with great respect to all traders, profit and good luck! E))
  • #863,478
  • Dec 13, 2013 3:16pm Dec 13, 2013 3:16pm
Quoting Davit
just for fun go here My trading plan is based on 5% gain or more monthly.
5% is a good goal. Rule of 72 says you'll double your money every 14.4 months.
  • #863,479
  • Dec 13, 2013 3:45pm Dec 13, 2013 3:45pm
MINI SP500
https://encrypted-tbn1.gstatic.com/i...tMYoxuDT-Xks9mLOOK. NEXT WEEK I'LL SWALLOW you all.
  • #863,480
  • Dec 13, 2013 3:58pm Dec 13, 2013 3:58pm
Quoting vachus
{quote} i was just commenting just in case someone holding a position highly leveraged ... But i wish you all the best to your trades! The 1.34 buying was based on options & leveraged funds - aka they will take profits sooner or later. The last straw in this bullish momentum is the feds. Markets are calling the feds they won't taper in december. So, they have something to keep holding on to! But once we crossed december , with inflation numbers coming out and lower expectation of gdp it will be time for reality check. This is where things will get...
1,45030 eurusd will sing
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