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  • #869,201
  • Jan 9, 2014 10:32am Jan 9, 2014 10:32am
I posted this first chart yesterday morning, so far price has only just touched the first target bubble 1.354x therefore more to go in my opinion

the second chart shows that the correction of the move down today has reached target zones nicely for a correction, so if it can stay below 1.360x then I would expect continuance to the downside, above 1.3614 opens up a topside test
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSD-sbM5 2014 Jan 09 A.png Size: 12 KB
  • #869,202
  • Jan 9, 2014 10:33am Jan 9, 2014 10:33am
Quoting Rizmeister
{quote} PS Ck87 did you play on blackchip/multi table sng? Your name seems very familiar.

Don't know what blackchip is?

I've played and play on pokerstars/ftp/party/888 etc.

Have played a ton of sngs in my life..
  • #869,203
  • Jan 9, 2014 10:35am Jan 9, 2014 10:35am
Quoting hadox
{quote} lol.. it's gotta be the most simple trading strategy I ever heard, respect TT..

  • #869,204
  • Jan 9, 2014 10:36am Jan 9, 2014 10:36am
Quoting Ck87
{quote} Don't know what blackchip is? I've played and play on pokerstars/ftp/party/888 etc.

Blackchip is another poker site. I was on pokerstars prior to blackfriday. I then playe on bovada(bodog) super soft player pool. Recently RETIRED(one last good run and quit) haha in September. Your name looks very familiar. I swear I have seen you at the SNG tables or on the leader boards or something. Maybe my memory fails me. Many green pips to you!
  • #869,205
  • Jan 9, 2014 10:38am Jan 9, 2014 10:38am
Quoting TauTrader
{quote}
lol..

you never mentioned where the stop should be though..
Patience is a virtue...
  • #869,206
  • Jan 9, 2014 10:44am Jan 9, 2014 10:44am
Next level to short 1.3603, if we cross 1.3616 again (give some room at those SL) stay out of shorts for some days.

I will try some shorts in this area, tight SL (Range SL for different trades from 1.3617 to 1.3634)

Gl all
  • #869,207
  • Jan 9, 2014 10:52am Jan 9, 2014 10:52am
Even gonna fkd up in calm market.
It cannot save 3600
You cannot learn better without losing
  • #869,208
  • Jan 9, 2014 10:54am Jan 9, 2014 10:54am
Attached Image (click to enlarge)
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  • #869,209
  • Jan 9, 2014 10:56am Jan 9, 2014 10:56am
went short a bit on 3590

Inserted Video
fokyou forexfactory
  • #869,210
  • Jan 9, 2014 11:05am Jan 9, 2014 11:05am
It is time to be very careful exposing too much the account with shorts only around level 1.3620/1.3580.

1.3550 level is tough support and the market after four close days above this level, can try another push up.

I have open some more shorts at 1.3590, TP for 2/3 is above 1.3560 (Do not be greedy)
  • #869,211
  • Jan 9, 2014 11:10am Jan 9, 2014 11:10am
today was interesting... i waited the whole day for 1.3632 to see what would happen around that point... entered short with SL @ 1.3634 and it stopped me out and
i went a bit mad cuz i keep on telling myself that 5-10 pip SL is just too little and it bit me again... caught the train halfway down at 1.3600 with TP @ 1.3560 and entered long there aswell .. im now almost 40 pips in profit and wondering if i should wait for new highs or TP and run
  • #869,212
  • Jan 9, 2014 11:10am Jan 9, 2014 11:10am
Quoting hadox
{quote} lol.. you never mentioned where the stop should be though..
Ahem..

Sir

Stop always at Zero

All success
  • #869,213
  • Jan 9, 2014 11:25am Jan 9, 2014 11:25am
Quoting hathor
still not reached 161,8%, so waiting for ~1.35500 in my very own opinion, the only reason why it didn't go up yesterday is because it started a move to that level, but stopped....than refused to go up...now it made a new low, what means it has potential to go lower...so I think at least 1.35500 will come before 1.37, but could be wrong.
touched and got out from every short position, won't gamble this week's nice profit
however it can go lower, won't sell it at these levels, but won't even buy, because the chance of going lower...so the best thing I can do is waiting for the retrace

if it go lower:
~1.35501 - 161,8% extension - TOUCHED
~1.35231 - previous bottom area - ?
~1.34751 - daily oversold at yearly PP & WPS1 - ?
f(z)=z2+c
  • #869,214
  • Jan 9, 2014 11:27am Jan 9, 2014 11:27am
Draghi couldn't break down....if NFP can't neither tomorrow, EU will go one way, UP

Trade safe until then
COT: The precious data ignored
  • #869,215
  • Jan 9, 2014 11:32am Jan 9, 2014 11:32am
Quoting kuroro001
Draghi couldn't break down....if NFP can't neither tomorrow, EU will go one way, UP Trade safe until then
amen. have a good one!
fokyou forexfactory
  • #869,216
  • Jan 9, 2014 11:41am Jan 9, 2014 11:41am
Just funny to see how bloomberg changes headlines for euro and Gbp during the day. But content is the same.. Says euro strengthened and pound weakened.)
  • #869,217
  • Jan 9, 2014 11:52am Jan 9, 2014 11:52am
Quoting giveachance
{quote} 100% correct. you and maxdoom are the only traders I have respect for on this forum
Thanks.

I had some metrics in mind that it could not break exact 00 after earlier drop unless some heavy short covering to take out intraday highs.

But it would have included broad YEN weakness.

Some just took out profits to maybe make it look like a growing euro strength for some people. Now, likely not able to break it down through 1.3550 - not guessing if during Asia - but can yet trade some range during this session.
They think they are smarter than I am.
  • #869,218
  • Jan 9, 2014 12:28pm Jan 9, 2014 12:28pm
Quoting kuroro001
{quote} What's the english translation for all of this ?
what don't you understand?
  • #869,219
  • Jan 9, 2014 2:41pm Jan 9, 2014 2:41pm
Quoting ampburner
today was interesting... i waited the whole day for 1.3632 to see what would happen around that point... entered short with SL @ 1.3634 and it stopped me out and i went a bit mad cuz i keep on telling myself that 5-10 pip SL is just too little and it bit me again... caught the train halfway down at 1.3600 with TP @ 1.3560 and entered long there aswell .. im now almost 40 pips in profit and wondering if i should wait for new highs or TP and run
Hello sir. I would say that you using a stop loss of 5-10 is actually very good. Typically one who uses such a stop loss has a great understand of charting on a lower tf. From looking to todays action the price never touched 1.3234, and not to mention if you shorted how could you of been stopped out, if the price has only dropped from the price which you say you shorted. I'm totally confused by your post.
  • #869,220
  • Jan 9, 2014 4:45pm Jan 9, 2014 4:45pm
Quoting ForexIzUs
{quote} Hello sir. I would say that you using a stop loss of 5-10 is actually very good. Typically one who uses such a stop loss has a great understand of charting on a lower tf. From looking to todays action the price never touched 1.3234, and not to mention if you shorted how could you of been stopped out, if the price has only dropped from the price which you say you shorted. I'm totally confused by your post.

...he might have big spreads! ..that would make sense.
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