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  • #875,341
  • Feb 8, 2014 2:32am Feb 8, 2014 2:32am
Quoting KelcieSus
{quote} Yes, I am almost 100% sure. If you all want I can explain it why it wont go down in more detail. And why it is so 'resilent'
draw a fib extension tool from 3624 low till 3893 top with end point at 3477 low yesterday...the target would be 1.618 upward.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #875,342
  • Feb 8, 2014 3:44am Feb 8, 2014 3:44am
Quoting Chicky
Anyone wants a million dollars?
I do not only want it. I need it.
Fix up, trade sharp ...
  • #875,343
  • Feb 8, 2014 3:45am Feb 8, 2014 3:45am
Quoting Davit
{quote} My last post to you. Register at chess.com and play chess because it will help you think logically and coherently.
Do you play there? So we might start some games.
Fix up, trade sharp ...
  • #875,344
  • Feb 8, 2014 4:31am Feb 8, 2014 4:31am
Quoting airafx
{quote} no, thanks... i only believe with moneymove's trading philosophy Trading Philosophy: Trust what you think, trade what you see.
Philosophy
Very big mistake in this philosophy. Have your own rules and never believe on other person philosophy. Have you ever play some number games? If you played lottery before, they normally will provide a board alike chess board square and putting a lot of random number on every square for their client to have a pick? I can't remember what they call this. But 1 simple conclusion is, this is just a number game. People see what they wanted to see, but they can't see what they don't want to see. Watch a movie called "Knowing", you will got a lot there but this kind of number game.

Common Sense
If all the market according to your TREND LINE trading so simple, who will gonna BUY? Don't you think too good to be true? Big player, Banker, Hedge Fund doesn't know how to read this easy TREND LINE FORMATION?

Technical
1.34600-700 are EUR/USD nasty support back to years. 2013 - 2012 or even longer period if you really a trader and full navigate on the chart. If it wanna fail on this support, it needs some serious momentum to break this. Instead of have serious momentum for a break down, the whole chart shifting from BEARISH to BULLISH. I don't think there is any chance for EUR/USD to have this serious momentum to push the whole pair down.

Fundamental
From the beginning of the week, a lot of people started to SELL because of the TREND LINE FORM. BTW, I doesn't believe any fundamental in my trade. The whole world, all news around says that EUR/USD is going to weak. Then NFP week began with the ranging. Everybody expecting on the 1st high impact on EUR was the ECB Monetary Policies. They are all expecting ECB to cut rate. So from Monday - Wednesday, they start to pray Draghi to cut rate. By the end, EUR return from its lost ground just on keeping the same rate. Next, they pray and expect USD will have a good performance in NFP. Oh my god, 185K forecast with an outcome of 117K. It is worst than I expected although I know nothing about fundamental. The 1st wondering in my mind was, what are the SELLER praying next for a fall? Price action clearly to see a trap, it can goes directly to 1.36400, but it just create a spike to let SELLER believe there are no demand above there to let them keep on SELLING.

Correlated
GBP/USD, EUR/GBP.
Although I know nothing about FUNDAMENTAL, but I do follow some high impact news to look for clearer picture and confirmation. If you notice the whole week on GBP High Impact, almost all are RED, and only 1 GREEN if I am not wrong. EUR/GBP keep rose and BULLISH clear direction start from 0.81500 on 30M, then to 1H, then to 4H, and coming on DAILY. But what happen to GBP/USD? Nothing, almost nothing serious happen. There is always something holding the price to keep it from falling. With such bad news on GBP still holding and EUR/GBP keep bullish, I think there is a clear picture EUR/USD will continue return from it's lost ground and even higher.

Forecast of my FOOLISH VIEW
Sunday evening possibly we might see some GAP there possibly. Bearish Candle will 1st created some pullback. Once it gather enough strength, it will re-test on the TREND LINE and I assume that we can see this broken TREND LINE very soon on the second test.

Just my trading view. Please do not follow or follow at your own risk.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #875,345
  • Feb 8, 2014 4:32am Feb 8, 2014 4:32am
Chart with 2 bearish formation (Bearish Channel and Descending Triangle). Monthly time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd chart.JPG Size: 64 KB
  • #875,346
  • Feb 8, 2014 5:12am Feb 8, 2014 5:12am
Quoting kimisiow83
{quote} Philosophy Very big mistake in this philosophy. Have your own rules and never believe on other person philosophy. Have you ever play some number games? If you played lottery before, they normally will provide a board alike chess board square and putting a lot of random number on every square for their client to have a pick? I can't remember what they call this. But 1 simple conclusion is, this is just a number game. People see what they wanted to see, but they can't see what they don't want to see. Watch a movie called "Knowing", you will...
you deserve a vouch

I am gonna watch "knowing"
I am smart than average trader, I simply copy the best.
  • #875,347
  • Feb 8, 2014 5:23am Feb 8, 2014 5:23am
Quoting I-Robo
{quote} you deserve a vouch I am gonna watch "knowing"
Thanks. To me this is a good movie by Starring Nicholas Cage although doesn't have good review from some viewer.

Cheers
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #875,348
  • Feb 8, 2014 6:41am Feb 8, 2014 6:41am
Quoting kimisiow83
{quote} Thanks. To me this is a good movie by Starring Nicholas Cage although doesn't have good review from some viewer. Cheers
this chart provided to support your text subtitle from the post before.
http://charts.mql5.com/3/828/eurusd-...markets-as.png
for all:
poke me anytime, when u need a chartist . im ready..
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #875,349
  • Feb 8, 2014 6:58am Feb 8, 2014 6:58am
Quoting ud1nh0
{quote} this chart provided to support your text subtitle from the post before. {image} for all: poke me anytime, when u need a chartist . im ready..
Thanks for providing supporting chart for my text. Probably I am wrong actually, but to me on EUR/USD last 2 weeks failed are just due to a small correction on WEEKLY CHART. Indeed the SUP/RES on chart are on 1.34600-700 area instead of the news everywhere telling 1.35000 and TREND LINE as confirmation that mislead everyone to SELL on this pair. 1.35000 indeed is a SUP/RES, but it is just a weak one on probably 1H and 4H chart. If somebody notice, as I says my whole chart are trade only with the guidance of MA's. 30M, 1H, 4H, and DAILY has already support the whole pair on BULLISH. I believe the whole pair will rebuild a high at probably near to 1.37800 as your chart attached on Fibo 38.2 and if this is broken, we might see 1.40 soon. By that time, we only can see bigger correction to 1.33 as the cable that almost to make this correction.

Hopes it helps.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #875,350
  • Feb 8, 2014 7:07am Feb 8, 2014 7:07am
I found that somewhere and I felt that I had to share it :
Attached Image
  • #875,351
  • Feb 8, 2014 7:14am Feb 8, 2014 7:14am
Quoting Miguel.N
...yes it can go up, but as well we might see an aggresive short like this !? {image}
Yes. I don't hide the possibilities of going down and I am wrong on my view. I love the channel line you have drew instead of the TREND LINE. If you notice carefully, the CHANNEL LINE is being weaker and weaker from the price action. I have long term position from 1.3490, 1.3510, 1.3535. So I have nothing to lose or probably I am wrong and fail on 1.3460-70. I suggest if you have no position held currently, it is not a good price now for ENTRY either to BUY or SELL. Patience keep you away from risk and maximize your profit.

Cheers
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #875,352
  • Feb 8, 2014 7:28am Feb 8, 2014 7:28am
Quoting kimisiow83
{quote} I suggest if you have no position held currently, it is not a good price now for ENTRY either to BUY or SELL. Patience keep you away from risk and maximize your profit. Cheers
You are an experienced trader after al l....
  • #875,353
  • Feb 8, 2014 7:32am Feb 8, 2014 7:32am
Quoting Capelli
{quote} You are an experienced trader after al l....
Nope, I am just some newbie trader that will blown my account soon. That's the statement on me in the beginning of week when I say I open a few buy position as I says in earlier.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #875,354
  • Feb 8, 2014 7:40am Feb 8, 2014 7:40am
Quoting kimisiow83
{quote} Nope, I am just some newbie trader that will blown my account soon. That's the statement on me in the beginning of week when I say I open a few buy position as I says in earlier.
How do you know that? And if you know that, why not just close your positions instead of waiting for blown?
Any way, patience is very important but also very hard thing to learn.
Back to EURUSD, I agree that we'd better not enter now.
  • #875,355
  • Feb 8, 2014 8:07am Feb 8, 2014 8:07am
Quoting kimisiow83
{quote} Thanks for providing supporting chart for my text. Probably I am wrong actually, but to me on EUR/USD last 2 weeks failed are just due to a small correction on WEEKLY CHART. Indeed the SUP/RES on chart are on 1.34600-700 area instead of the news everywhere telling 1.35000 and TREND LINE as confirmation that mislead everyone to SELL on this pair. 1.35000 indeed is a SUP/RES, but it is just a weak one on probably 1H and 4H chart. If somebody notice, as I says my whole chart are trade only with the guidance of MA's. 30M, 1H, 4H, and DAILY has...
this has shown bullish signal on 1.35 rejection toward 1.43
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #875,356
  • Feb 8, 2014 9:07am Feb 8, 2014 9:07am
EU_My four charts' worth_08.02.14
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdmonthly.png Size: 95 KB
Click to Enlarge Name: eurusdweekly.png Size: 77 KB
Click to Enlarge Name: eurusddaily.png Size: 73 KB
Click to Enlarge Name: eurusdpivots.png Size: 68 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #875,357
  • Feb 8, 2014 9:13am Feb 8, 2014 9:13am
Quoting KelcieSus
{quote} What is 'not really?' That its not strange that euro is at 1.36? You think its perfectly normal? This whole threat will capitulate. Mark my words. Forex Factory bullish on euro, it will be epic! ;-)
The point I am making is that I, for one, am not concerned about 1.36 being a "normal" price for the Euro. I am bullish on the Euro today because it has been going up, so I have been buying. If the Euro starts going down, then I will be selling. I am not in the business of prediction, as I am not that smart. I am in the business of making money from volatility.
If you are good at something, never do it for free--Joker
  • #875,358
  • Feb 8, 2014 9:21am Feb 8, 2014 9:21am
Quoting jmn5611
{quote} The point I am making is that I, for one, am not concerned about 1.36 being a "normal" price for the Euro. I am bullish on the Euro today because it has been going up, so I have been buying. If the Euro starts going down, then I will be selling. I am not in the business of prediction, as I am not that smart. I am in the business of making money from volatility.
Me too...
That which does not kill us makes us stronger
  • #875,359
  • Feb 8, 2014 9:22am Feb 8, 2014 9:22am
New member hoping for insight into Forex, especially 6E. Have been hammered many times by Draghi. Just when I thought I could count on him for shorts - he sends the euro soaring!

Found this article interesting for 2014 prediction:
http://uk.reuters.com/article/2014/0...A0I06720140119

Good trading all!
  • #875,360
  • Feb 8, 2014 9:30am Feb 8, 2014 9:30am
Quoting moneymove
{quote} Me too...
making money
cheap is buy.....
big 5 wave top selll
big 5 wave down buy...
flat exceed 200 sell...
zigzag do not exist.
simple small 5 wave..stay out...

what's your opinion?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
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