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  • #878,381
  • Feb 21, 2014 12:47pm Feb 21, 2014 12:47pm
Quoting gatorinla
{quote} put 6550 gu and 3720 eu in your tool box for the next year or more.
well 1.655x and 1.374x is yearly closes, but I can't play a yearly level..
Patience is a virtue...
  • #878,382
  • Feb 21, 2014 12:49pm Feb 21, 2014 12:49pm
im looking forward what will be Mr. Fisher talking about ,... what have been done from last speach
Many green pips guys
  • #878,383
  • Feb 21, 2014 12:51pm Feb 21, 2014 12:51pm
Quoting hadox
{quote} well 1.655x and 1.374x is yearly closes, but I can't play a yearly level..
depends on broker or where u took the open,, the eu is in that area now. 3719.9 on some brokers
those who can, do. those who cant, talk about those who can
  • #878,384
  • Feb 21, 2014 12:58pm Feb 21, 2014 12:58pm
Quoting gatorinla
{quote} depends on broker or where u took the open,, the eu is in that area now. 3719.9 on some brokers
yes, you're prolly right about the different brokers.. but to be honest I only focus on the daily levels, the fewer levels the better, it's easier for me to read the chart.. the cost of doing that, is some losses from time to time..
Patience is a virtue...
  • #878,385
  • Feb 21, 2014 1:44pm Feb 21, 2014 1:44pm
placed 2 limit shorts at 38
fits my system.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.daily.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #878,386
  • Feb 21, 2014 1:53pm Feb 21, 2014 1:53pm
Quoting gatorinla
{quote} depends on broker or where u took the open,, the eu is in that area now. 3719.9 on some brokers
Hi Gator,
is 1.537x target valid with 1.204x to 1.371x move and 1.277x LM retracement completed?
  • #878,387
  • Feb 21, 2014 2:10pm Feb 21, 2014 2:10pm
Quoting Davit
placed 2 limit shorts at 38 fits my system. {image}
As you were so friendly to post your template I have it on my PC too.

I see what you are looking for but the last times when that happened the Bollingers were steeper (i.e. had more momentum).

Personally I do not expect PA to reach 1.38 now, maybe later.

OTOH it is only 60 Pips so a short spike should do the trick, why not. Good luck.
  • #878,388
  • Edited 2:40pm Feb 21, 2014 2:22pm | Edited 2:40pm
BTW I will have a closer look at 1.3760 or 1.3764 to short it again.

But I do not expect it today. Maybe they will solve it with one of these nicy little gappies -
  • #878,389
  • Feb 21, 2014 2:24pm Feb 21, 2014 2:24pm
Quoting CandleStar
{quote} As you were so friendly to post your template I have it on my PC too. I see what you are looking for but the last times when that happened the Bollingers were steeper (i.e. had more momentum). Personally I do not expect PA to reach 1.38 now, maybe later. OTOH it is only 60 Pips so a short spike should do the trick, why not. Good luck.
I build a position. If triggered fine if not fine as well.With so many pairs 1 or 2 that hits is very good edge probability wise.
My goal in 2014 is consistent 6%+ every month.To achieve this I am eliminating all early entries.
After analyses of my mistakes in 2013 I realized all my losses were due to premature entries.So I rather miss a trade then be early.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #878,390
  • Feb 21, 2014 2:39pm Feb 21, 2014 2:39pm
To those not expecting a strong spike to 38 consider this.


Aside from the soup and nuts of the deal Vodafone/Verizon
It is said that around £10bn could be injected into the UK stock market as a result.
Another pertinent point is a note from Citi who expect funds to buy the pound and they say we could see $2.4bn done on the Friday close tomorrow with another $5.1bn on the 25th close.

Today we had a huge spike on cable due to Citi perhaps and Tues twice larger injection 5.1B
We could see possibly high 67 then after Tues serious dumping.
EU can spike up along GU on Tues then both get dumped.
In trading, you have to be defensive and aggressive at the same time
  • #878,391
  • Feb 21, 2014 2:45pm Feb 21, 2014 2:45pm
Quoting Davit
placed 2 limit shorts at 38 fits my system. {image}
I'm starting to feel that the bulls maybe are in control still. The fact that we bounced at 3720 made me think that it still needs higher. It could also be the last bulls defending and running into the market and bears took control after 3772. Also looking at the indicators on both daily and 4H it tells me we have turned down, STILL this push up again makes me rethink. But before any major trip down, we always have a fight that makes you think that bulls will win, is this what we see? Will monday push this into the ground? I will close my shorts if we stay around 3740 until close and take that loss and rethink monday..

I'm still bearish... No higher for me.
I don't even have a cool signature
  • #878,392
  • Feb 21, 2014 2:51pm Feb 21, 2014 2:51pm
Quoting NoCoolNick
{quote} I'm starting to feel that the bulls maybe are in control still. The fact that we bounced at 3720 made me think that it still needs higher. It could also be the last bulls defending and running into the market and bears took control after 3772. Also looking at the indicators on both daily and 4H it tells me we have turned down, STILL this push up again makes me rethink. But before any major trip down, we always have a fight that makes you think that bulls will win, is this what we see? Will monday push this into the ground? I will close my...
To me much of EU floating has been result of GU upsurge.GU drop= EU drop as well or other way around.Either way does not matter.
GU is correlated to EU .88% this is one of the strongest correlations.Notice its even higher on weekly
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #878,393
  • Feb 21, 2014 3:08pm Feb 21, 2014 3:08pm
Quoting NoCoolNick
{quote} I'm starting to feel that the bulls maybe are in control still. The fact that we bounced at 3720 made me think that it still needs higher. It could also be the last bulls defending and running into the market and bears took control after 3772. Also looking at the indicators on both daily and 4H it tells me we have turned down, STILL this push up again makes me rethink. But before any major trip down, we always have a fight that makes you think that bulls will win, is this what we see? Will monday push this into the ground? I will close my...
Everything is possible.

Can it go up? Yes, for Davit it is 1.38, for Gator it might be even 1.388x if I remember him right, and for me it is only 1.3764 to correct a technical misalignment (but also a possibility for 1.3814 for beautiness - )

Can it go down? Of course, 1.36 or even 1.35 would not surprise me within the next week.

So make your choice.
  • #878,394
  • Feb 21, 2014 3:12pm Feb 21, 2014 3:12pm
Quoting Mr.MaginCole
{quote} You .... like me also seem to believe we will touch the 3800 - 3900 zones really soon. Why dont you buy dips instead of shorting the spikes?
this man said it ;

Quoting BDardenTrade
Sell the uppers, buy the lowers(cautiously on the lowers tho!...cuz this upper has been tested and failed repeatedly) {image}
Smalls dips right now, i just dont know where they are. but my monthly term feeling is that dips can break at anytime. On the other hand these levels of 137xx-139xx.. are a monthly 61.8 fib (of 2015pips) which is more stable (again, for me) as a resistance, but its "blurry" to say exactly where inbetween 137xx-139xx it can retrace down again. That's why i am shorting it (mainly), but because its blurry im trying iceberg my orders, my SL is beyond 139xx and my first dip to buy could be 1348x-1351x.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdweekly.png Size: 42 KB
K.I.S.S.
  • #878,395
  • Feb 21, 2014 3:29pm Feb 21, 2014 3:29pm
Quoting PayTheLimit
have a good weekend all...

Same to you buddy
  • #878,396
  • Feb 21, 2014 3:49pm Feb 21, 2014 3:49pm
closed mine until next week
those who can, do. those who cant, talk about those who can
  • #878,397
  • Feb 21, 2014 3:52pm Feb 21, 2014 3:52pm
Quoting CandleStar
{quote} Everything is possible. Can it go up? Yes, for Davit it is 1.38, for Gator it might be even 1.388x if I remember him right, and for me it is only 1.3764 to correct a technical misalignment (but also a possibility for 1.3814 for beautiness - ) Can it go down? Of course, 1.36 or even 1.35 would not surprise me within the next week. So make your choice.
I'm fighting myself, this weekly candle was not anything i could call bullish, the week before we had the "breakout" candle. If we want higher we should have had a more bullish move this week imho. Something is missing, bears get pushed or?
Looking at monthly, is almost as bad, three candels almost at same levels.. There is actually no clear direction when zooming out.

Daily and 4H, especially 4H does give divergence for bearish, or have so even before the top and if we go higher then bear will be invalidated..

My guts say bearish and we gap down monday and get a 200-220 pip red weekly candle with a high at 3750. But the very very very objective look a things says that market is going flatline.. and there is no longer a somewhat clear direction. Maybe leave EURUSD for a while a focus on cable..
I don't even have a cool signature
  • #878,398
  • Feb 21, 2014 3:59pm Feb 21, 2014 3:59pm
Quoting Rockerzeus
{quote} Hi Gator, is 1.537x target valid with 1.204x to 1.371x move and 1.277x LM retracement completed?
i have to go, there is one, if i recall correctly, in that area. the one i recall has a norm under 31xx, in the 30xx area. just under the one for 4146. either one puts us lower if it goes to norm before.
those who can, do. those who cant, talk about those who can
  • #878,399
  • Feb 21, 2014 4:01pm Feb 21, 2014 4:01pm
Quoting CandleStar
{quote} Everything is possible. Can it go up? Yes, for Davit it is 1.38, for Gator it might be even 1.388x if I remember him right, and for me it is only 1.3764 to correct a technical misalignment (but also a possibility for 1.3814 for beautiness - ) Can it go down? Of course, 1.36 or even 1.35 would not surprise me within the next week. So make your choice.
gotta run... i dont recall 3800.. i dont know where it will go. i will be trading toward lower until something changes
those who can, do. those who cant, talk about those who can
  • #878,400
  • Feb 21, 2014 4:05pm Feb 21, 2014 4:05pm
Game over?

Game over!!!

Really great week.

Enjoy the weekend tradaz -
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