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  • #889,201
  • Apr 11, 2014 1:46am Apr 11, 2014 1:46am
Quoting Schickeria
{quote} EURUSD will never ever hit 1.4500 this month!!!! Be sure for that!
That's my highest, but for me 14,250 is a very good bet indeed for that is what my charts show. We will see will we not?
  • #889,202
  • Apr 11, 2014 1:54am Apr 11, 2014 1:54am
Did you see? M.Draghi tommorow will speak.
  • #889,203
  • Apr 11, 2014 1:55am Apr 11, 2014 1:55am
Quoting Miguel.N
...now i swich off my laptop and go enjoy the day without any stress ! ...bye bye -)) {image}
Sti cazzi !
  • #889,204
  • Apr 11, 2014 2:00am Apr 11, 2014 2:00am
Quoting Davit
{quote} Look we are trying to show you that fundamentally ECB does not want high Euro. Its not 14,250 its 1.425 Your charts can't think but you can. "With euro-area inflation at the weakest in more than four years, Draghi says he has “unanimous” backing from policy makers for unconventional measures if needed. Even so, recent comments show officials haven’t yet agreed on which tools to use, setting them up for discussions on whether to take an unprecedented leap into quantitative easing or...
The problem is that the market does not believe him...
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #889,205
  • Apr 11, 2014 2:01am Apr 11, 2014 2:01am
  •  ibox
  • | Joined Feb 2014 | Status: Big Frame , Small Trade = Money | 13 Posts
Only thing we can be sure is that every small movement is actually part of the big movement.

1.3966 last month was the %50 Fibo of the 1.60 -1.20 fall from 2008.And if you check the chart in this way you can see that all fibo levels are confirmed and thats why 1.3480 area held strongly 2 months ago.So the scenario now is

If we close monthly over 1.3966 then next targets are 1.4170 and possibly 1.4440

if we stay under 1.3966 then next targets are 1.3480 and 1.28xx

IMO 1.44 is a dream as it was tested before but not impossible .

Best trading strategy for me is to go short from 1.39xx with a stop at 1.40 and leave it as much as it goes. Lose 100 pips or get 1000
  • #889,206
  • Apr 11, 2014 2:02am Apr 11, 2014 2:02am
Quoting Lacunoide
{quote} The problem is that the market does not believe him...
True market wants concrete action and Draghi will deliver or risk setting EZ recovery back couple years.
In trading, you have to be defensive and aggressive at the same time
  • #889,207
  • Apr 11, 2014 2:03am Apr 11, 2014 2:03am
Quoting Davit
{quote} Look we are trying to show you that fundamentally ECB does not want high Euro. Its not 14,250 its 1.425 Your charts can't think but you can. "With euro-area inflation at the weakest in more than four years, Draghi says he has “unanimous” backing from policy makers for unconventional measures if needed. Even so, recent comments show officials haven’t yet agreed on which tools to use, setting them up for discussions on whether to take an unprecedented leap into quantitative easing or...
I know you love your fundamentals Davit, and I respect your analysis, but at the end of the day, it's traders that take a market up or pull it down, and right now, as a trader who trades off his charts, and off his charts alone, I see euro going higher. I called 13,900 on the 1st of this month, although I thought it would be last week so was wrong in that, and now I'm calling 14,250-500 for this month, from a purely technical perspective.
  • #889,208
  • Apr 11, 2014 2:04am Apr 11, 2014 2:04am
Quoting Davit
{quote} True market wants concrete action and Draghi will deliver or risk setting EZ recovery back couple years.
Not now, perhaps in June... You know, it is like a currency war. They are not going to stop until they bankrupt the eurozone, when every single factory or exporter go broke...
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #889,209
  • Apr 11, 2014 2:10am Apr 11, 2014 2:10am
NO, no, no…I prefer when I read exclusively bear calls based on "fun demential" datas.
Don't be smart. Be rich.
  • #889,210
  • Apr 11, 2014 2:10am Apr 11, 2014 2:10am
Quoting ibox
Only thing we can be sure is that every small movement is actually part of the big movement. 1.3966 last month was the %50 Fibo of the 1.60 -1.20 fall from 2008.And if you check the chart in this way you can see that all fibo levels are confirmed and thats why 1.3480 area held strongly 2 months ago.So the scenario now is If we close monthly over 1.3966 then next targets are 1.4170 and possibly 1.4440 if we stay under 1.3966 then next targets are 1.3480 and 1.28xx IMO 1.44 is a dream as it was tested before but not impossible . Best trading strategy...

With this you are more likely to lose the 100
Cheers!!
  • #889,211
  • Apr 11, 2014 2:12am Apr 11, 2014 2:12am
Quoting cat
{quote} That's my highest, but for me 14,250 is a very good bet indeed for that is what my charts show. We will see will we not?
what now 1.4500 or 1.4250 ?????
  • #889,212
  • Apr 11, 2014 2:13am Apr 11, 2014 2:13am
Trade the trend guys, stop trying to be fortune tellers of reversal points and claiming whats a good level to short/long from and all that malarkey...

As of when you get a reversal signal on your charts then act on it, till now there no reversal sign or pattern on any TF, all indicators and most importantly PRICE is screaming at you all im going UP...why fight it???
Cheers!!
  • #889,213
  • Apr 11, 2014 2:13am Apr 11, 2014 2:13am
Quoting Schickeria
{quote} what now 1.4500 or 1.4250 ?????
1.37
Re-Incarnated
  • #889,214
  • Apr 11, 2014 2:14am Apr 11, 2014 2:14am
Quoting Schickeria
{quote} what now 1.4500 or 1.4250 ?????
1.50 :-)
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #889,215
  • Apr 11, 2014 2:15am Apr 11, 2014 2:15am
3900 pierced and broken gate open for 3976 my old target missed by 6 pips (Thanks to Mario). He will get a 20 pips penalty due to the late delivering so the target is 3996.
Don't be smart. Be rich.
  • #889,216
  • Apr 11, 2014 2:17am Apr 11, 2014 2:17am
  •  ibox
  • | Joined Feb 2014 | Status: Big Frame , Small Trade = Money | 13 Posts
Quoting Schickeria
{quote} what now 1.4500 or 1.4250 ?????
yes it is %50 possible but the other %50 is to get 1000.All traders lose money in FX becuase they insist on what they think and when they look at the charts they dont see what it shows but what they want to see to convince themselves.

never be sure of anything always keep in mind that NOTHING IS IMPOSSIBLE IN FOREX.
  • #889,217
  • Apr 11, 2014 2:17am Apr 11, 2014 2:17am
Price heading up everyday at 600 GMT
This movement more likely 2010 ECB bank stress test when banks heavily reserved euro to pass the test.
You cannot learn better without losing
  • #889,218
  • Apr 11, 2014 2:21am Apr 11, 2014 2:21am
price up 5 days in a row. largest consecutive daily move since Dec 2013

Dec 2013 move was 7 days in a row maximum.

strong looking uptrend/ fundamentals meaningless in fx markets
  • #889,219
  • Apr 11, 2014 2:22am Apr 11, 2014 2:22am
Quoting Schickeria
{quote} what now 1.4500 or 1.4250 ?????
Today, I have no idea. I'm just riding a very strong looking uptrend, in which I am targeting first 250, which is the 76.4% fib level on the monthly chart anchored from May 2011, above which I have strong resistance at around 14,500. So I cannot be accused of ignoring the bigger picture, as Davit referred to. The bigger picture, and the smaller one, is up up up!
  • #889,220
  • Apr 11, 2014 2:30am Apr 11, 2014 2:30am
Good morning. As of now eur/$ is trading @1.3896 and the target of 1.3905 is achieved. This level is exactly 233pips(important fibo number) from the last week low of 1.3673. Also the bulish sentiment is still intact shorts make sense with a very tight stops. All comments are appreciated. GL&GT
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