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  • #865,021
  • Dec 19, 2013 12:19pm Dec 19, 2013 12:19pm
This meme is almost and too perfect for this thread
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"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #865,022
  • Dec 19, 2013 12:21pm Dec 19, 2013 12:21pm
Quoting ffleo
{quote} in a tick chart it can be seen clearer that it is consolidating as a bear flag, for potential shooting down to 3600. {image}

yeah, but looks like it is saving this move for tomorrow
f(z)=z2+c
  • #865,023
  • Dec 19, 2013 12:23pm Dec 19, 2013 12:23pm
Quoting 110101
This meme is almost and too perfect for this thread {image}

EXACTLY !
The more actions you take, the more errors you are bound to make.
  • #865,024
  • Dec 19, 2013 12:25pm Dec 19, 2013 12:25pm
Bots are selling - it is evident.
  • #865,025
  • Dec 19, 2013 12:27pm Dec 19, 2013 12:27pm
Quoting TauTrader
Bots are selling - it is evident.
Sir,
you mean new low (1.36) can happen anytime?
f(z)=z2+c
  • #865,026
  • Dec 19, 2013 12:32pm Dec 19, 2013 12:32pm
Quoting Vachus
* Needles to say, i can't think of one bloody reason for someone to buy the Euro now in a long positioning.

I still can...

Just a matter of when.

Money, as has been mentioned is gone away for the holiday season, much the same as we seen for summer session trading. Static and Noise and then figure out if we are above support or below resistance when all players are back at the table.

My take on shit goes under a multi currency analysis, with any strength in EURUSD being attributed to the strength of EURO vs the Weakness of JPY.

That bitch could still climb another 500 and still not fill it's monthly topside, where as AUD/USD has conceivably has a fill back to .72 before it really needs to start to slow down.

The issue is, the other reactive pairs need to keep somewhat in balance. Strength of the Euro vs the Strength of the USD. The USD strength against all others.

There are checks and balances that we are going to see and as far as I am concerned, the EURO strength will show and EURUSD dragged northward as reaction, not by strength or merit.

I am actually teetering all of my trade analysies <-(this should be a word) around EURJPY. I will actually steer my bias based on it's movements and trade respective charts accordingly.

Currently, I have closed down my money to give it a rest for the break, but will be watching the H4 for directional guidance, into the New Year.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #865,027
  • Dec 19, 2013 12:36pm Dec 19, 2013 12:36pm
Quoting hathor
{quote} Sir, you mean new low (1.36) can happen anytime?
Sir - off course. It is possible.

But that would be a good short term long.

Regards
  • #865,028
  • Dec 19, 2013 12:38pm Dec 19, 2013 12:38pm
So what now - a break to the upside?

you guys...

regards
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  • #865,029
  • Dec 19, 2013 12:45pm Dec 19, 2013 12:45pm
Multiple shorts
TP 1st 35 then 33
Fundamentals are tipping on greenbacks side once tapering starts it will continue.
Already bank of England announced their intent to lower the Pound and ECB prefers lower Euro as well so like Aussie wishes they will get their lower numbers.
In trading, you have to be defensive and aggressive at the same time
  • #865,030
  • Dec 19, 2013 12:47pm Dec 19, 2013 12:47pm
Quoting TauTrader
So what now - a break to the upside? you guys... regards {image}

(imo) it will spike up, but bears won't let it over the previous highs if they want to make it dive short term
f(z)=z2+c
  • #865,031
  • Dec 19, 2013 12:48pm Dec 19, 2013 12:48pm
The meaning of the break of UJ resistance 103.7 (last May high in 2013) is significant, and UJ is at multiple year high since 2009. Now 103.7 has been tested a day after the break and it holds, this opens up potential to 61.8 fib at 105.5, and further up to 110. Meanwhile UJ is in the support zone of the current market profile.

On the other hand, EJ is in the resistance zone of its current market profile. 143.4 is a resistance and 137 is a temporary support for it to dance in between for a few weeks. In any case if 143.4 resistance is broken, ~145 will provide a strong resistance above.

E/U = EJ/UJ, now it is up to you to calculate the possible range of E/U for the near future.

Lots of people talk about tapering and the Fed, but do not forget about Yen and its power in driving this market.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #865,032
  • Dec 19, 2013 12:52pm Dec 19, 2013 12:52pm
Quoting ffleo
E/U = EJ/UJ, now it is up to you to calculate the possible range of E/U for the near future. Lots of people talk about tapering and the Fed, but do not forget about Yen and its power in driving this market.

I am all Ears
Please elaborate more on your last paragraph.I understand correlations but it seems you are hinting something more.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #865,033
  • Dec 19, 2013 12:56pm Dec 19, 2013 12:56pm
Quoting TauTrader
So what now - a break to the upside? you guys... regards {image}
unless another big effort to drive it up, it is down in my opinion. It tried 3 times to go above the white line and failed.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #865,034
  • Dec 19, 2013 12:57pm Dec 19, 2013 12:57pm
Quoting ffleo
{quote} unless another big effort to drive it up, it is down in my opinion. {image}
Wrong
  • #865,035
  • Dec 19, 2013 1:01pm Dec 19, 2013 1:01pm
This 3650 doesn't seem like a bottom to me price have played there far too long for a bottom i guess
MMMYYYKKK
  • #865,036
  • Dec 19, 2013 1:02pm Dec 19, 2013 1:02pm
Quoting Magix
{quote} will be watching the H4 for directional guidance, into the New Year. {image}
Forex traders are Junkies, you really believe the thing about liquidity ... i personally wish this market was actually open 24/7 and we do that all time none stop. H4 candle will take alot of time, i'm waiting for the last 5min to close before the lights go off
"It's the Margin, Stupid."
  • #865,037
  • Dec 19, 2013 1:05pm Dec 19, 2013 1:05pm
Quoting myk
This 3650 doesn't seem like a bottom to me price have played there far too long for a bottom i guess
Its a very importance level for the timing of the price, so bears are getting a bit shaky to short under it ... it will cause a problema tomorrow if they don't close NY session under it!
"It's the Margin, Stupid."
  • #865,038
  • Dec 19, 2013 1:07pm Dec 19, 2013 1:07pm
Quoting Davit
{quote} I am all Ears Please elaborate more on your last paragraph.I understand correlations but it seems you are hinting something more. Thank you
It might be coincident that the break of UJ 103.7 and tapering come at the same time. Before this UJ was held firmly below 103.7. Now the door seems opened for UJ to go further higher, and lots of potential upside.
Yen keeps breaking resistance of euro and pound, and only was held back by the dollar before. Now the gate is opened if UJ stays above 103.7
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #865,039
  • Dec 19, 2013 1:11pm Dec 19, 2013 1:11pm
Quoting ffleo
{quote} It might be coincident that the break of UJ 103.7 and tapering come at the same time. Before this UJ was held firmly below 103.7. Now the door seems opened for UJ to go further higher, and lots of potential upside. Yen keeps breaking resistance of euro and pound, and only was held back by the dollar before. Now the gate is opened if UJ stays above 103.7
by the way, look at gold. it is sub 1200 now.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #865,040
  • Dec 19, 2013 1:14pm Dec 19, 2013 1:14pm
Quoting Ken A
{quote} Can not calculate - help me guru {image}
of course you can calculate, yen master. I began to look at Yen pairs all because of you.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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