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  • #889,641
  • Apr 13, 2014 2:59am Apr 13, 2014 2:59am
Quoting egkid
{quote} Morrning Imagine u playing chess and i tell u i will kill ur king by xx u concentrate with it while i make my strong other move u lose concentrate with xx and u say damn he fool me but truth i made u lose concentrate with xx and next i kill u by xx I was telling truth but i sheeted u twice I mean ECB say the truth and will drop e but from higher price when u think they lied to u and u fooled to believe them @End market do whatever he call Mr change Wish u nice morning
I understand you but in the end trading requires risk taking and I took the short side.If I am wrong exist take the loss and try again.
Its not all or nothing.I am prepared to take a loss if PA proves me wrong.That's as simple as that.Its just a probability game.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #889,642
  • Apr 13, 2014 2:59am Apr 13, 2014 2:59am
Here's a weekly chart. While the price is above the yellow axis (3846) will seek to reach the blue axis (4362).
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_weekly.gif Size: 63 KB


Edit: The numbers will change on Monday. With the start of the new week.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #889,643
  • Apr 13, 2014 3:03am Apr 13, 2014 3:03am
Quoting ruffryders
{quote} Davit extreme lows in 2011 were at 8000 level.
you are correct I did not scroll back enough but my arguments still stands that support and Resistance goes in stages and at any stage price can reverse.
Lets not overlook August 2011 market meltdown situation now its very different and lot more stable.
In trading, you have to be defensive and aggressive at the same time
  • #889,644
  • Apr 13, 2014 3:10am Apr 13, 2014 3:10am
I don't see CHF as bottomed out / found support yet. 8500 is where CHF can and will likely find support.

It just broke 2013 year low, ring any bells yet?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
  • #889,645
  • Apr 13, 2014 3:13am Apr 13, 2014 3:13am
Want to step outside Mr. Ruf

Attached Image
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #889,646
  • Apr 13, 2014 3:15am Apr 13, 2014 3:15am
Quoting ruffryders
I don't see CHF as bottomed out / found support yet. 8500 is where CHF can and will likely find support. It just broke 2013 year low, ring any bells yet? {image}
I am just challenging you that the way you think is boxed in unflappable and rigid. This could be your weak side.We must be fluid to assume nothing.Yes have bias but not to strong as blind other possibilities.
Part of it could be public forum.Once you state your position its natural to want to defend it but I think if you did not post at all chances are you would be lot more open for possibilities since it would be you and the market only.
I suspect this is why best traders rarely post at forums....
Regards
In trading, you have to be defensive and aggressive at the same time
  • #889,647
  • Edited 6:51am Apr 13, 2014 3:24am | Edited 6:51am
Quoting Davit
{quote} I am just challenging you that the way you think is boxed in unflappable and rigid. This could be your weak side.We must be fluid to assume nothing.Yes have bias but not to strong as blind other possibilities. Part of it could be public forum.Once you state your position its natural to want to defend it but I think if you did not post at all chances are you would be lot more open for possibilities since it would be you and the market only. I suspect this is why best traders rarely post at forums.... Regards
Davit, thanks for a heads up, but I'm not here for a psychology 101. I already posted my positions, and I don't require any KYC for that matter.
Yeah, OK, best traders live in disolation in Tibet mountains and they access their terminals via dial-up modem, that sounds about right.

And I don't feel challenged by you nor anyone else in here, so keep it up, posting your challenges.
  • #889,648
  • Apr 13, 2014 3:28am Apr 13, 2014 3:28am
Quoting Davit
{quote} I am just challenging you that the way you think is boxed in unflappable and rigid. This could be your weak side.We must be fluid to assume nothing.Yes have bias but not to strong as blind other possibilities. Part of it could be public forum.Once you state your position its natural to want to defend it but I think if you did not post at all chances are you would be lot more open for possibilities since it would be you and the market only. I suspect this is why best traders rarely post at forums.... Regards
I also do not like "Russian boy." But right his opinion is unbiased. Because TA indicates rise. Bears too listen to the views of the ECB. But each central bank aiming to lower the currency. In other words, it is faced against all other banks. How it will end a collision? We may ask TA.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #889,649
  • Apr 13, 2014 3:30am Apr 13, 2014 3:30am
Quoting ruffryders
{quote} Davit, thanks for a heads up, but I'm not here for a psychology 101. I already posted my positions, and I don't require any KYC for that matter. Yeah, OK, best traders live in disolation in Tibet mountains and they access their terminals via dial-up modem, that sounds about right.

Damn, through dial-up modems....
Attached Image
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #889,650
  • Apr 13, 2014 5:20am Apr 13, 2014 5:20am
Quoting Davit
{quote} I am just challenging you that the way you think is boxed in unflappable and rigid. This could be your weak side.We must be fluid to assume nothing.Yes have bias but not to strong as blind other possibilities. Part of it could be public forum.Once you state your position its natural to want to defend it but I think if you did not post at all chances are you would be lot more open for possibilities since it would be you and the market only. I suspect this is why best traders rarely post at forums.... Regards
You might have a really nice point here

PS.
like your signature
big numbers are our friends...
  • #889,651
  • Apr 13, 2014 6:25am Apr 13, 2014 6:25am
USDCHF
I don't know whether you use them or not but pivots in general tend to attract price.
Yearly support 1- 0.8510
Monthly support 1- 0.8729 (about to be touched).
I don't trade this pair, just thought info could be useful.
Enjoy your Sunday.
We watch the charts from every angle so you don't have to!!
  • #889,652
  • Apr 13, 2014 6:48am Apr 13, 2014 6:48am
core retails sales data out on Monday will likely produce some followthrough.

With fugly XRT weekly chart, I'd say that prolly better risk reward with the number being low - close to 0.2-0.3%.
XRT up almost 250% since post-08 bottom, do you think this is sustaineable ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 230 KB
  • #889,653
  • Apr 13, 2014 6:50am Apr 13, 2014 6:50am
Quoting pedro319
USDCHF I don't know whether you use them or not but pivots in general tend to attract price. Yearly support 1- 0.8510 Monthly support 1- 0.8729 (about to be touched). I don't trade this pair, just thought info could be useful. Enjoy your Sunday.
yes sir, CHF likes the 8500 price point.
  • #889,654
  • Apr 13, 2014 7:06am Apr 13, 2014 7:06am
Gentlemen, last week candle will put us in a nice consolidation. Don't expect it to get anywhere next couple of weeks..
  • #889,655
  • Apr 13, 2014 7:11am Apr 13, 2014 7:11am
Quoting attila
Gentlemen, last week candle will put us in a nice consolidation. Don't expect it to get anywhere next couple of weeks..
Same thoughts here thinking of rangeing than breakout in a few weeks
  • #889,656
  • Apr 13, 2014 8:40am Apr 13, 2014 8:40am
How i see next week :
(EURUSD), $1.39 As Resistance
"It's the Margin, Stupid."
  • #889,657
  • Apr 13, 2014 8:50am Apr 13, 2014 8:50am
Quoting Vachus
How i see next week : (EURUSD), $1.39 As Resistance
Vachus good review, however you did not mention a strong uptrend TL on weeklies, and the price bouncing off that TL last week.
  • #889,658
  • Edited 9:09am Apr 13, 2014 8:57am | Edited 9:09am
Quoting ruffryders
{quote} Vachus good review, however you did not mention a strong uptrend TL on weeklies, and the price bouncing off that TL last week.
The 2013 yearly up trend is a nightmare, for shorting .. i have it on my desktop for days, but it's more a Euro index ! ( I will post about it, participating in another post regrading this uptrend, and how far it can go! It's going to be really interesting)
Attached Image (click to enlarge)
Click to Enlarge Name: Euro-Index-One-year-range-2014.PNG Size: 58 KB
"It's the Margin, Stupid."
  • #889,659
  • Apr 13, 2014 9:02am Apr 13, 2014 9:02am
Quoting Vachus
How i see next week : (EURUSD), $1.39 As Resistance
I have exactly the same as you... targeting 1.3608 and all your levels I also see and am using to short them.

however, I too see the upside potential here.. for me if 1.3872 breaks Monday we will go down but if it holds and breaks 1.3898 level then higher highs targeting 1.4033

For me will be keeping an eye on the open Sunday and looking to check if 1.3872 gets hit before 1.3898 as whichever gets hits first will give way when it gets hit a 2nd time in my opinion. but to be safe as long as there's no gap my plan is to hedge my short at 1.3873 level and if we make higher high... then will await the retrace off 1.3926 too 1.3894 and exit the short, if goes higher to 1.3943 area then exit the short on retrace too 1.3910 and add to the long I hedged targeting 1.4033.

If however, 1.3873 breaks then should be able to get out break even and hold current shorts, if it bounces up to 98 then back down it will allow the break even.. but if falls through 73 then will await the retrace of 1.3840 too 1.3875 area and exit the long and keep with my shorts.

will intraday trade it up from 1.3815 too 1.3858 area then add more shorts... targeting 1st stop 1.3788
  • #889,660
  • Apr 13, 2014 9:20am Apr 13, 2014 9:20am
Quoting Davit
{quote} I am just challenging you that the way you think is boxed in unflappable and rigid. This could be your weak side.
It is quite possibly this same arrogance that forced him out of market and forums previously.

Quoting ruffryders
At this stage unfortunately I have to retire from the Forum completely. I also had to switch from FX and futures to less volatile/challenging/predictable stocks trading and ETF trading. I do have some exciting methods that produce very solid returns and I will share knowledge, once I have more spare time available. RR.
The bigger they are, the harder they fall...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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