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  • #866,581
  • Dec 30, 2013 11:35am Dec 30, 2013 11:35am
Quoting Vachus
{quote} Euro strength over time. So, current EURUSD strength is completely and typically as far as economic indicators are concern normal.
What do you think about the drying up of easy dollars? Everything else being equal just that announcement should have had a larger impact. Or do you think we will only see the impact a little higher up and then onwards a longterm wedge/triangle will start to form around 1.4?
The price will go where it has to go.
  • #866,582
  • Dec 30, 2013 11:50am Dec 30, 2013 11:50am
Quoting mitrapips
{quote} What do you think about the drying up of easy dollars? Everything else being equal just that announcement should have had a larger impact. Or do you think we will only see the impact a little higher up and then onwards a longterm wedge/triangle will start to form around 1.4?
What dry up ? They pulled 10 billions out of 85 Billion a month ?! right ? In the same month, same week , just one day before it - republicans & democratic signed the partisan agreement to rise the debt ceiling to one trillion dollars for two years, and suspending half of automatic spending cuts. Still, we are in easing mode and more easing to come! They are still printing, and will keep on printing till inflation picks up ... which mean QE will end completely by end of 2015, as of optimistic view. Realistic view is near or at end of 2018!

I personally don't know where Euro is going, i'm betting on a ECB intervention in monetary policy by February 2014 and aggressive intervention in money markets rates by Q2 2014. But, if the same fundamentals as of December 2013 remains - the euro will keep on gradually and slowly move higher and higher ...
"It's the Margin, Stupid."
  • #866,583
  • Dec 30, 2013 11:53am Dec 30, 2013 11:53am
Quoting ffleo
{quote} maybe it is waiting for tight stops to be built just above 3820, so it can push it up through the tight stops with ease to reach higher. the tight stops will be crushed like a soft butter and add a little fire to the up move.
nahh..that would make it too deterministic imo. Looks like she decided to turn already, with liquidity drying up. Needs new money to keep her happy
The price will go where it has to go.
  • #866,584
  • Dec 30, 2013 11:54am Dec 30, 2013 11:54am
Quoting Vachus
{quote} What dry up ? They pulled 10 billions out of 85 Billion a month ?! right ? In the same month, same week , just one day before it - republicans & democratic signed the partisan agreement to rise the debt ceiling to one trillion dollars for two years, and suspending half of automatic spending cuts. Still, we are in easing mode and more easing to come! They are still printing, and will keep on printing till inflation picks up ... which mean QE will end completely by end of 2015, as of optimistic view. Realistic view is near or at end of 2018!...
I was never much of a fundamental guy. So any help much appreciated.
The price will go where it has to go.
  • #866,585
  • Dec 30, 2013 11:55am Dec 30, 2013 11:55am
cooould see 1.357 from here, but i kind of doubt it.
  • #866,586
  • Dec 30, 2013 11:58am Dec 30, 2013 11:58am
when u expect a c..its 5 wives non overlap..when u expect a three, its 5 wives no overlap.
all ends with a buy..
comooon 3610 3710...confirm itttt..........
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #866,587
  • Dec 30, 2013 12:03pm Dec 30, 2013 12:03pm
Quoting mitrapips
{quote} I was never much of a fundamental guy. So any help much appreciated.
You can't have a trade plan based on a fundamental move without a 500 / or even a 1000 pips stoplose ... you will be slaughtered before you even now it!
"It's the Margin, Stupid."
  • #866,588
  • Dec 30, 2013 12:06pm Dec 30, 2013 12:06pm
Quoting Vachus
{quote} You can't have a trade plan based on a fundamental move without a 500 / or even a 1000 pips stoplose ... you will be slaughtered before you even now it!

so you are saying trade technicals, not fundamentals.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #866,589
  • Dec 30, 2013 12:13pm Dec 30, 2013 12:13pm
Quoting Vachus
{quote} You can't have a trade plan based on a fundamental move without a 500 / or even a 1000 pips stoplose ... you will be slaughtered before you even now it!
I know, that's why I trade technicals but knowing the fundamentals help you get the bigger picture.
The price will go where it has to go.
  • #866,590
  • Dec 30, 2013 12:16pm Dec 30, 2013 12:16pm
the big picture is EJ needs to break 146 resistance, and UJ needs to drop below support 105, for euro to go higher. Until this happens, euro will be capped at 3900
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #866,591
  • Dec 30, 2013 12:19pm Dec 30, 2013 12:19pm
this thing definiitely falling. it has completed the 5-3-5 pattern on daily timeframe...
w1= 3242,w2=1.2795, w3 extended end at 3832, w4 3296, w5 somewhere....

this thing will fall hard till 1.0 with this 5-3-5 pattern.....its ground zero guys....
no future for euro
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #866,592
  • Dec 30, 2013 12:20pm Dec 30, 2013 12:20pm
It is bearish below 1.3620.

Long term view is bearish
  • #866,593
  • Dec 30, 2013 12:21pm Dec 30, 2013 12:21pm
Quoting ffleo
{quote} so you are saying trade technicals, not fundamentals.
No, not really - since that types of trades take at least months and months .. you can draw down a trade based on specific catalysts and you take them one by one as small trades. So, the trade plan here will be just a bigger pictures and the smaller ones will be based on technical or news releases of shift in market sentiment.

But, when i see someone's saying : Short 1.371X because of fundemental Y and take profit Z ... i consider that, bad sense of humor !
"It's the Margin, Stupid."
  • #866,594
  • Dec 30, 2013 12:54pm Dec 30, 2013 12:54pm
this thing is up in ALL timeframes.
everybody shorting this is just an idiot..
failure is not an option.
  • #866,595
  • Dec 30, 2013 12:55pm Dec 30, 2013 12:55pm
Quoting mry2001
It is bearish below 1.3620. Long term view is bearish
who said that?
  • #866,596
  • Dec 30, 2013 1:02pm Dec 30, 2013 1:02pm
don't quit to short it. winners never quit...
c is done....there's no d or e....

never lose your faith

attaacckk
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #866,597
  • Dec 30, 2013 1:06pm Dec 30, 2013 1:06pm
My Twitter-Video
Wish we could do a FF-Video ? lol
https://www.vizify.com/avir/twitter-video

Edit : but when i Authorized that app to make this video that App scanned through my hole detail!! Crap!!
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #866,598
  • Dec 30, 2013 1:06pm Dec 30, 2013 1:06pm
Quoting rudimente
this thing is up in ALL timeframes. everybody shorting this is just an idiot..

There are all kinds of thoughts in the market and that is what makes it a market - that is what creates liquidity. Making a statement that there are idiots abroad if they are shorting at this level - you must first take into account what the time frame is that these idiots are trading and what leverage they are using. Some traders look for 5 pips on high leverage and are very happy with the return - I guess what I am saying is that the idiot might be the one that cannot see that the market provides opportunities for all in all different time frames - so I wish you well and green pips - but please next time you feel like spuuuuuuuing a one line puke fest, please reconsider and maybe post a chart that shows what you are looking at.........we are all looking at something different and we all have our own approach - so if I told you that I was short @ 1.3815 on 3 contracts (futures) now sitting with just over 10 pips profit......am I an idiot?

Enjoy your New Year Holiday - and I also extend the New Year wishes to all my fellow traders here including Gator, Cloggie, and everyone else that has provided wisdom to this site.....

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #866,599
  • Dec 30, 2013 1:15pm Dec 30, 2013 1:15pm
Here's my New Year present for you. January low will be at 3314.
  • #866,600
  • Dec 30, 2013 1:20pm Dec 30, 2013 1:20pm
Quoting ricmaj
{quote} is like u r Longing the EU? thats the only reason you can be done for the day. Whats ur possible target upwards?
In scalping I am only trying to follow the flow making 10 pips for around 5.

I do not have a bias, I am trying to read the charts, I thing is impossible to know where she is going to go, because each candle needs to be evaluated and can have a weight on the overall picture……. Said that, if I look at the weekly and prices will break above 1.39, 1.4920 is possible.
Wherever you go, there you are.
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