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  • #874,721
  • Feb 6, 2014 8:43am Feb 6, 2014 8:43am
Quoting kuroro001
{quote} Too much supply and no demand at the top of the move. I guess we'll know by tomorrow
Hi...may i ask you what do you see that indicates too much supply and no demand at the top of the move?

Thanks
less is more
  • #874,722
  • Feb 6, 2014 8:44am Feb 6, 2014 8:44am
Quoting attila
I don't think Draghi's bar is going to stand..
I hope not
  • #874,723
  • Feb 6, 2014 8:44am Feb 6, 2014 8:44am
Quoting prezd
{quote} it's the same broker but many other brokers don't have it. unfortunately it's not the first time they do this shit and restored my orders...
if anyone else had trouble with DAX today (sl hit), note daily low is [highlight=rgb(247, 247, 247); color:rgb(0, 0, 0); font-family:arial,helvetica,sans-serif; text-align:right]9.128,97 according to [/highlight]http://deutsche-boerse.com,
trading has been halted briefly on ECB rate news but still some brokers presented other quotes that are being investigated
  • #874,724
  • Feb 6, 2014 8:45am Feb 6, 2014 8:45am
Quoting kuroro001
{quote} Too much supply and no demand at the top of the move. I guess we'll know by tomorrow
Read more ELLIOT PRINCIPLE if you are on technical. There is nothing to do on SUPPLY and DEMAND in TECHNICAL.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #874,725
  • Feb 6, 2014 8:47am Feb 6, 2014 8:47am
Quoting DailyChart
{quote} 1.373
Above 1.373 and below 1.378 probably. I guess will make a test on 1.378 but support on 1.373.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #874,726
  • Feb 6, 2014 8:47am Feb 6, 2014 8:47am
Exit short chf @ 8986
Don't be smart. Be rich.
  • #874,727
  • Feb 6, 2014 8:48am Feb 6, 2014 8:48am
Quoting hathor
{quote} When there is as much histeria in the market like now, I just can't know what will happen. I can only weigh up chances. And see if I was smart or I just wanted to be smart...

There is not hysteria in the market!!!!

Only from people that are foolish enough to think they know.

So think the market just whips up and down on a whim. If so, why would the largest trading houses and banks work against each other.
I need to finish something i started
  • #874,728
  • Feb 6, 2014 8:52am Feb 6, 2014 8:52am
Quoting bigwal
{quote} There is not hysteria in the market!!!! Only from people that are foolish enough to think they know. So think the market just whips up and down on a whim. If so, why would the largest trading houses and banks work against each other.
From your comments, I assume you trading supply and demand?
Been long from 1.3480
  • #874,729
  • Feb 6, 2014 8:53am Feb 6, 2014 8:53am
1.364 ish is where this is heading.

Now two factors will play a part up in that area. Price structure on the way up and price structure when we are there.

I can not tell what it will do till it gets there. But be assured it will show its hand
I need to finish something i started
  • #874,730
  • Feb 6, 2014 8:53am Feb 6, 2014 8:53am
Where i can see FOMC Member Tarullo Speaks?
Thanks
  • #874,731
  • Feb 6, 2014 8:54am Feb 6, 2014 8:54am
Quoting attila
I don't think Draghi's bar is going to stand..
I would agree with that, but think:
what happened?
- Mario defends euro (with a really akward defensive speech, with definitions in it, saying bad things with good words...)
when?
- half hour before closing of the h4
what we have now?
- a huge closed h4, with gorgeous body

If the market wants to go down (would be an absolutely prepared and valid move), than it will be a shockingly hard move, but with these signs (after signs like falling before conference, when Draghi said hello, the market make a false drop...trap after trap) I have to admit it can trick the bears.
Exactly this is why I think this week is trash if you want to do trading in safe mode
f(z)=z2+c
  • #874,732
  • Feb 6, 2014 8:56am Feb 6, 2014 8:56am
Quoting kimisiow83
{quote} Read more ELLIOT PRINCIPLE if you are on technical. There is nothing to do on SUPPLY and DEMAND in TECHNICAL.
Really ?

So are the price of Nike trainers governed by........... Elliot Waves.

The law of "price being to expensive Vs price being to cheap"
I need to finish something i started
  • #874,733
  • Feb 6, 2014 8:56am Feb 6, 2014 8:56am
Quoting bigwal
1.364 ish is where this is heading. Now two factors will play a part up in that area. Price structure on the way up and price structure when we are there. I can not tell what it will do till it gets there. But be assured it will show its hand
It will, probably next few hours later. A small pullback now to 1.3580-90 area and continue its move to 1.3640 and ends the DAILY CANDLE. Soon we will see a 2 or 3 hours bearish candle in 1H chart before it move further to 1.3650.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #874,734
  • Feb 6, 2014 8:58am Feb 6, 2014 8:58am
Quoting bigwal
{quote} Really ? So are the price of Nike trainers governed by........... Elliot Waves. The law of "price being to expensive Vs price being to cheap"
Probably. To me SUPPLY is from loser trader, DEMAND from BIG PLAYERS, that's what in my dictionary. Just don't want to complicated my strategy since it don't helps at all in my strategy. But ELLIOT PRINCIPLE play a big role in my strategy.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #874,735
  • Feb 6, 2014 9:00am Feb 6, 2014 9:00am
I was bearish EUR, and short from 1.3650 but just bailed on half at 1.3615. Draghi seems to walk into these press conferences with a pre determined idea of, "today I will be dovish/hawkish". If you think about the last press conference, there was basically almost the exact same bad lending and inflation data, and he explained it plainly, as it was. Today he made sure to dress up all the bad data and mask it with something good. He clearly was trying to not sound dovish for whatever reason. There seems to be a recent patter of the pre-ECB data being bad, EURUSD sells off, market expects dovish language then Draghi comes out saying "its all good". He even said they didnt even discuss ending SMP sterilization.


The question is how long will it be "all good". The ECB is falling behind the curve, and if inflation continues to slide they will eventually need to pull some overaggressive action to catch up.
Twitter: @TrendersGame
  • #874,736
  • Feb 6, 2014 9:00am Feb 6, 2014 9:00am
Quoting bigwal
1.364 ish is where this is heading. Now two factors will play a part up in that area. Price structure on the way up and price structure when we are there. I can not tell what it will do till it gets there. But be assured it will show its hand
I suspect there are offers starting from 20 up to 60 all the way with buy stops above.

My guess is it wont get further than 20/35 today where i would look for short as i earlier mentioned as traders square positions for tomorrows NFP.

But need a spike upside let the load drop.
They think they are smarter than I am.
  • #874,737
  • Feb 6, 2014 9:01am Feb 6, 2014 9:01am
Quoting JohnnyDrama
{quote} From your comments, I assume you trading supply and demand? Been long from 1.3480

Hi,

Thing that bugged me about S AND D is that it sure did work great. But what zones would hold, that has been the issue for many.

Then when you look at how price engulfs an area of interest then returns to a zone. Now you are talking!

Not all zones are equal, but with the right P A and market timing they are great.
I need to finish something i started
  • #874,738
  • Feb 6, 2014 9:04am Feb 6, 2014 9:04am
Quoting hathor
{quote} I would agree with that, but think: what happened? - Mario defends euro (with a really akward defensive speech, with definitions in it, saying bad things with good words...) when? - half hour before closing of the h4 what we have now? - a huge closed h4, with gorgeous body If the market wants to go down (would be an absolutely prepared and valid move), than it will be a shockingly hard move, but with these signs (after signs like falling before conference, when Draghi said hello, the market make a false drop...trap after trap) I have to...
today would be nice... but I wasn't necessarily thinking it'll be faded today.. but it will in the near future I think...
  • #874,739
  • Feb 6, 2014 9:06am Feb 6, 2014 9:06am
Quoting forexings
If we see next month up from here bear will be totally fkd up by monthly TF. That's why this month close expected as high as possible beyond bearish limit. Two taper deceleration back to back so I assume no more in February which is a good sign for bull if 3450 can defend.
So ECB nicely fkd bear.
If this month remain above 3500 then ECB will decide E/U rate. Fed can't control it.
You cannot learn better without losing
  • #874,740
  • Feb 6, 2014 9:07am Feb 6, 2014 9:07am
Quoting kimisiow83
{quote} It will, probably next few hours later. A small pullback now to 1.3580-90 area and continue its move to 1.3640 and ends the DAILY CANDLE. Soon we will see a 2 or 3 hours bearish candle in 1H chart before it move further to 1.3650.
Yes,

Thoughts out aloud are will a drift back now and a small climb tomorrow end up with a spike into that mentioned area at NFP, then a drop .

It all depends what is printed between now and then tomorrow
I need to finish something i started
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