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  • #874,741
  • Feb 6, 2014 7:07am Feb 6, 2014 7:07am
Short again at 8986
Don't be smart. Be rich.
  • #874,742
  • Feb 6, 2014 7:09am Feb 6, 2014 7:09am
Quoting bigwal
{quote} 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
Its rare to see orderflow trader here, please keep drop by and post sir
In the end its just a stupid numbers game
  • #874,743
  • Feb 6, 2014 7:10am Feb 6, 2014 7:10am
Scalper can take short above 3620 until NFP
Upper channel near 3660-55
Bull cannot break it today so NFP may be the key
You cannot learn better without losing
  • #874,744
  • Feb 6, 2014 7:10am Feb 6, 2014 7:10am
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.
if you know where the market is going, the largest houses and banks should know much better than you. why they work against each other, not work together? you are full of doo-doo, pee-pee.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,745
  • Feb 6, 2014 7:12am Feb 6, 2014 7:12am
Quoting Davit
{quote} got long limit at 8930
lol will sell at 8930 to you now if you want, I'm looking only for 8947 for now. You deal ?
Don't be smart. Be rich.
  • #874,746
  • Feb 6, 2014 7:13am Feb 6, 2014 7:13am
Quoting Davit
my 4 short positions triggered 2x3570 2x36 this was planned out by me and I am happy I am in at right prices.
i got 4 shorts too about the same average price. would like cable to go up to fill more shorts.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,747
  • Feb 6, 2014 7:14am Feb 6, 2014 7:14am
Quoting Davit
{quote}
I'm bull in USDCHF but I'll massive load it at 8868, that's the price I'm looking for going LT long.
Don't be smart. Be rich.
  • #874,748
  • Feb 6, 2014 7:17am Feb 6, 2014 7:17am
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
1.364? do you know where is the major resistance?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,749
  • Feb 6, 2014 7:18am Feb 6, 2014 7:18am
Quoting bigwal
{quote} 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
Yeah, probably a drop tomorrow on NFP. I am not 100% sure it will goes up on tomorrow, only high possibilities. But so far, what I read on DAILY and WEEKLY, BEAR has ended and BULL is coming. That makes me follow all the way BUY on long term trading. Especially, 1H, 4H supports the BUY for DAILY and WEEKLY direction.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #874,750
  • Feb 6, 2014 7:21am Feb 6, 2014 7:21am
Bought at 1.35 at 7:58EST. SL at 1.3485.
Guess what happened......

Lesson learned but I'd still like to blame it on my broker if that's ok.
  • #874,751
  • Feb 6, 2014 7:25am Feb 6, 2014 7:25am
Quoting Davit
{quote} I anticipate 36.50 getting hit in which case 8930 should be hit as well. If I am wrong then no problem got 4 shorts already.My motto is better miss a trade then be early We may see bull trap on Euro.
I don't see it like a trap but like different target in different time frame. The market gives room for every one, bull and bear to loose money and to win money.
Don't be smart. Be rich.
  • #874,752
  • Feb 6, 2014 7:27am Feb 6, 2014 7:27am
Next stop 1.3590
  • #874,753
  • Feb 6, 2014 7:29am Feb 6, 2014 7:29am
looking for 1.3670 to enter short. if i turns here I may short at 1.3540 and below. I don't think it turns. it will go higher. NFP will take it higher
  • #874,754
  • Feb 6, 2014 7:32am Feb 6, 2014 7:32am
if it doesn't start dropping soon, it will consolidate here until tomorrow, and that would suck pretty badly..
  • #874,755
  • Feb 6, 2014 7:33am Feb 6, 2014 7:33am
Quoting Davit
{quote} If price drops below 3580 its a bull trap unless you are trading monthly chart and in that case we could see 1.33 in a month's time. Don't care what Draghi has to say.Euro zone still has Spain,Italy,Greece unemployment to deal with....30-40+%
No I don't trade monthly charts. Eur reached bull targets in M1, M5 and M10. In M15 the target is 3677 and it's a valid target until the price remains above 3560 in M15. Above that I don't know what is in play.
Don't be smart. Be rich.
  • #874,756
  • Feb 6, 2014 7:35am Feb 6, 2014 7:35am
Quoting Davit
{quote} If price drops below 3580 its a bull trap unless you are trading monthly chart and in that case we could see 1.33 in a month's time. Don't care what Draghi has to say.Euro zone still has Spain,Italy,Greece unemployment to deal with....30-40+%
the question is then...how high can we get now...?! arround 1.3626..... Do you have clue about that?
You can manage risk, but you can't manage the return
  • #874,757
  • Feb 6, 2014 7:35am Feb 6, 2014 7:35am
Quoting maximinus
{quote} No I don't trade monthly charts. Eur reached bull targets in M1, M5 and M10. In M15 the target is 3677 and it's a valid target until the price remains above 3560 in M15. Above that I don't know what is in play.
yes precisely. euro has turned from bear market territory for now. 1.3677 will have more shorts
  • #874,758
  • Feb 6, 2014 7:35am Feb 6, 2014 7:35am
my take on swissy,

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,759
  • Feb 6, 2014 7:38am Feb 6, 2014 7:38am
Anyone else have anything similar drawn, this cone shape is making me nervously bullish in the short term. Probably going to bail on all my shorts on a pull back to 1.3580 area.

I like basing my trades on fundamentals and draghi did everything possible today to dispel any ideas of fresh easing. If the recent declines in money supply, inflation, bank lending and rising money market rates arent enough to even take the discussion in the remote direction of easing... what is? Today he simply shrugged off EVERYTHING as a residual effect of the asset quality review. Not a good sign for those like myself banking on ECB easing as the best trend of 2014. Sad day for me lol, back to short term trading for now.

Even if you want to play USD strength, at this point its probably better done through USDCAD or USDJPY... But if NFP is bank, EURUSD is probably a GREAT place to be for USD weakness.
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Twitter: @TrendersGame
  • #874,760
  • Feb 6, 2014 7:39am Feb 6, 2014 7:39am
either we drop to continue or drop back to the bottom
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