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  • #872,281
  • Edited 4:19pm Jan 26, 2014 4:05pm | Edited 4:19pm
Thanks, a little wiser again.

What I mean with bizarre is this:

I was looking for trendlines on weeklies and this one here is not steep enough compared to the latest two. So it aims to 1.44 and higher.

BUT a few minutes ago I found an older one and this says we already reached the high five weeks ago and is pointing into one direction only: DOWN.
If this one is right I would expect a drop to 1.19 with about 2000 pips in the next 11 months. Maybe we will see some history -

Make your choice gentlemen and start your engines.
  • #872,282
  • Jan 26, 2014 4:22pm Jan 26, 2014 4:22pm
I see GBP/USD clear down to 1.6346 and then up to a new high and then the bigger drop from 6890. If I'm wrong it will continue down. Both scenarios target 1.57XX on the break down.
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Founder of Sutherland Wave Principle
  • #872,283
  • Jan 26, 2014 4:34pm Jan 26, 2014 4:34pm
Quoting CandleStar
If this one is right I would expect a drop to 1.19 with about 2000 pips in the next 11 months. Maybe we will see some history
Without a peak this Journey to 1.19 will be short lived/ if it ever happened ... Euro bears have been slaughtered late 2012 / most of 2013 with big accounts margin called. ( One of the reasons price every time dips near 1.35 it finds buyers and liquidity ) My personal signals doesn't screen anything of significance during the rest of 2014 to argue for a possible 2000 pips down. In EURUSD case, doom preachers if not knocked out , they switched gods.

Its easier to argue a EURUSD at 1.50 then 1.19 ( Without including all the techs )

* I know media will start singing " ECB quantitative easing " but the talks about such a program is as old as 2009 / 2010 ...
"It's the Margin, Stupid."
  • #872,284
  • Jan 26, 2014 5:12pm Jan 26, 2014 5:12pm
Quoting Vachus
{quote} Buying Eurjpy here as good as it gets ...
I have to recall this one, there is a break on the daily chart and its kind of pointing to 135 ... 140 won't hold much , if someone had an open trade because of this - i would really suggest to average it down or selling on a bounce!
"It's the Margin, Stupid."
  • #872,285
  • Jan 26, 2014 5:17pm Jan 26, 2014 5:17pm
Quoting Vachus
{quote} I have to recall this one, there is a break on the daily chart and its kind of pointing to 135 ... 140 won't hold much , if someone had an open trade because of this - i would really suggest to average it down or selling on a bounce!
http://www.forexfactory.com/showthre...37#post7238337
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #872,286
  • Jan 26, 2014 5:22pm Jan 26, 2014 5:22pm
Quoting PayTheLimit
{quote} haven't drawn a trendline in years...not that I don't think there don't work, but I was never good at drawing them, so I gave them up..


They don't work, like most people think they do...

They are to identify a trend...pretty much the same thing you can see without them.

Counting on them as supply and resistance is where the issue actually is.

Linear regression...a different observation altogether and would serve most to learn the ideas behind.

I used to have a picture of monkeys flinging shit to show the relevance to market that most peoples trendlines actually are.

Because a picture of a monkey flinging shit...will at least amuse you, but won't cost you a dime!

Relying on Trendlines...

Eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeek!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #872,287
  • Jan 26, 2014 5:28pm Jan 26, 2014 5:28pm
Quoting Magix
{quote} http://www.forexfactory.com/showthre...37#post7238337
This area won't hold, not with the selling off in equities ...
"It's the Margin, Stupid."
  • #872,288
  • Jan 26, 2014 5:38pm Jan 26, 2014 5:38pm
Quoting Vachus
{quote} This area won't hold, not with the selling off in equities ...
Will SO, WILL SO!!!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #872,289
  • Jan 26, 2014 5:40pm Jan 26, 2014 5:40pm
Quoting Magix
{quote} Will SO, WILL SO!!!
I don't have a short position but i'm interested to find a buy soon ... and i'm not going to do it with this Daily chart!
"It's the Margin, Stupid."
  • #872,290
  • Jan 26, 2014 6:00pm Jan 26, 2014 6:00pm
Quoting Vachus
{quote} I don't have a short position but i'm interested to find a buy soon ... and i'm not going to do it with this Daily chart!

That chart is an H1 to W1 comparison.

I ain't holding a gun to anybodies head to say "Buy"...just showing what my chart says is all...

I am more agreeing with your previous bulls on the EJ side than I am with the current bear. Given that this is a weekly chart, I ain't gunna know if I am right until market close this week.

Just a chart is all...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #872,291
  • Jan 26, 2014 6:10pm Jan 26, 2014 6:10pm
I cant see any weakness on the EU until the EUR crosses start to weaken. Eur/Aus and Eur/Cad pairs are still trending strongly and until they reverse I wont be shorting the EU.

GU is a pair that I will look to sell. Watching for a retracement towards 1.655 for a short
  • #872,292
  • Jan 26, 2014 6:20pm Jan 26, 2014 6:20pm
Quoting Magix
{quote} That chart is an H1 to W1 comparison. I ain't holding a gun to anybodies head to say "Buy"...just showing what my chart says is all... I am more agreeing with your previous bulls on the EJ side than I am with the current bear.
You might be right, i'm not following this pair for sometime ...
"It's the Margin, Stupid."
  • #872,293
  • Jan 26, 2014 6:23pm Jan 26, 2014 6:23pm
Quoting Vachus
{quote} You might be right, i'm not following this pair for sometime ...

I never trade this fucker...

lol

Of anybody to listen to...I am not the right guy!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #872,294
  • Jan 26, 2014 7:57pm Jan 26, 2014 7:57pm
Question.....

what happened to that member that kept pumping that the Euro was going to hit 1.3080 - this was back late August ish......2013 - I think his handle was HDA or something - kept pumping that within 2 weeks etc.......it will drop to 1.3080......just wondering. Sitting here bored and was just thinking of all the B.S. that I have read on here over the years and that popped into my head.

I appreciate any response to this post.

Thanks,

Faller.
I don't trust any move - when you have profit...take it.
  • #872,295
  • Jan 26, 2014 8:00pm Jan 26, 2014 8:00pm
Quoting Faller
Question..... what happened to that member that kept pumping that the Euro was going to hit 1.3080 - this was back late August ish......2013 - I think his handle was HDA or something - kept pumping that within 2 weeks etc.......it will drop to 1.3080......just wondering. Sitting here bored and was just thinking of all the B.S. that I have read on here over the years and that popped into my head. I appreciate any response to this post. Thanks, Faller.
Search my history for an opinion of HDA.

That fucker was bottom of the barrel scammer...alternate login.

Seriously, just check his post history with images.

Anybody that doesn't know how to hit the printscreen button, shouldn't be allowed to even venture into the forex markets.

That's all I got to say about that...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #872,296
  • Jan 26, 2014 8:37pm Jan 26, 2014 8:37pm
EU

Early Asian session seems quiet. Let see where the market is heading soon


Twinsummit
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Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #872,297
  • Jan 26, 2014 9:21pm Jan 26, 2014 9:21pm
Quoting gatorinla
s 3705. stops above 3718.. may be some R at 3708 ish and/or 3717/18, smaller position (counter trend). several times this year, nfp Friday was a month high. at times we had a lower open Sunday after nfp.

looking for a reason to s after 3700. or a little higher, to target 3625ish. or L after 3625ish +, if i get a reason.
those who can, do. those who cant, talk about those who can
  • #872,298
  • Jan 26, 2014 9:25pm Jan 26, 2014 9:25pm
Quoting gatorinla
{quote} looking for a reason to s after 3700. or a little higher, to target 3625ish. or L after 3625ish +, if i get a reason.
Welcome back Gator
  • #872,299
  • Jan 26, 2014 9:31pm Jan 26, 2014 9:31pm
Quoting gatorinla
{quote} looking for a reason to s after 3700. or a little higher, to target 3625ish. or L after 3625ish +, if i get a reason.
Welcome back, G!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #872,300
  • Jan 26, 2014 9:32pm Jan 26, 2014 9:32pm
gu came close to 6788 last week and missed (it still should go there min). some time after that, a decent s may be found. possibly half the move up +. worth watching
those who can, do. those who cant, talk about those who can
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