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  • #890,141
  • Apr 15, 2014 5:16am Apr 15, 2014 5:16am
Quoting RussJ
{quote} If we break 1.3845 today then we will continue higher high targeting 1.4016 as per flag pattern. however, if we fail then I see us failing on a monthly as a failed 5th wave if you are counting waves and 1.3608 is the 1st logical target then a pullback and break... for me yes I agree sort of, I am looking for the 3 wave pullback too 1.3608 then will scalp long and look to continue the shorts etc. What also I am looking at as well as the monthly has already provided a reversal candle, also the monthly stochastic is about to take a step down......
With all due respect, that didn't answer my question.

You said

"I aint longing when trend is bearish"

I am wondering what you are looking at that is showing a bearish trend. I see no bearish trend what so ever. I have and will continue to buy dips into bullish uptrend until said levels are broken.
  • #890,142
  • Apr 15, 2014 5:18am Apr 15, 2014 5:18am
Quoting kuroro001
Very bad Zew and we still rise...right
Trade balance.

http://www.reuters.com/article/2014/...0N722420140415

I personally remain bullish on the Euro until actions are taken ... (or technically we break said lows)
  • #890,143
  • Apr 15, 2014 5:21am Apr 15, 2014 5:21am
Quoting slow-trader
{quote} With all due respect, that didn't answer my question. You said "I aint longing when trend is bearish" I am wondering what you are looking at that is showing a bearish trend. I see no bearish trend what so ever. I have and will continue to buy dips into bullish uptrend until said levels are broken.

Ok and I will sell on rises at the resistances... until said levels are broken
  • #890,144
  • Apr 15, 2014 5:21am Apr 15, 2014 5:21am
Quoting kuroro001
Very bad Zew and we still rise...right
Also look at Census data, we are buying more than we are selling from Europe.

http://www.census.gov/foreign-trade/balance/c0003.html

I think headlines are driving small investors from Europe so that the big boys getting a bigger slice of the pie.

There are two factors, the size of the pie and the size of the slices.

I think the pie is bigger than what they are leading anyone to believe AND they want to maximize their slice.
  • #890,145
  • Apr 15, 2014 5:22am Apr 15, 2014 5:22am
Quoting kuroro001
Very bad Zew and we still rise...right
Imo it was a retest of 1.38100 in higher timeframes (H1,H4)...with touching that level it is ready to reach 1.37800.
f(z)=z2+c
  • #890,146
  • Apr 15, 2014 5:23am Apr 15, 2014 5:23am
Quoting slow-trader
{quote} Trade balance. http://www.reuters.com/article/2014/...0N722420140415 I personally remain bullish on the Euro until actions are taken ... (or technically we break said lows)
The thing is the higher the euro is, the higher the balance will be...the other way around is the same. It's like a vicious circle
COT: The precious data ignored
  • #890,147
  • Apr 15, 2014 5:23am Apr 15, 2014 5:23am
Quoting RussJ
{quote} Ok and I will sell on rises at the resistances... until said levels are broken
you do whatever you want to do. I was just trying to figure out why so many are bearish ... is it the memory of 2010-2012? those days are over? can they return? sure! but as of now, they aren't returning.

I will turn bearish in a split second of Europe of fundamental facts develop or we start breaking lows on a daily basis ... until then, buy the dip IMO.
  • #890,148
  • Apr 15, 2014 5:25am Apr 15, 2014 5:25am
Quoting kuroro001
{quote} The thing is the higher the euro is, the higher the balance will be...the other way around is the same. It's like a vicious circle
It's a cycle that takes years/decades/life times to play out. So trading off of that, or building an analysis off of that requires a lag time and patience for years.

Think of it in reverse.

Euro is higher because demand is up ... so if demand for Euro's is up ... why should demand all of a suddenly decrease? I can't find a reason.

like I linked before, we have more demand for Euro's than Europe does for our US Dollars.

http://www.census.gov/foreign-trade/balance/c0003.html

until Euro breaks lows, I don't see a reason to sell aside from scalping.
  • #890,149
  • Apr 15, 2014 5:44am Apr 15, 2014 5:44am
Quoting slow-trader
{quote} you do whatever you want to do. I was just trying to figure out why so many are bearish ... is it the memory of 2010-2012? those days are over? can they return? sure! but as of now, they aren't returning. I will turn bearish in a split second of Europe of fundamental facts develop or we start breaking lows on a daily basis ... until then, buy the dip IMO.

Bearish... technical level... Stochastics oversold, Daily turned South now, expecting 6 candles down... Weekly already South and mid way through cycle, monthly about to turn South... lower high on Weekly and Swing High point, Filled Monthly Djoi almost breaking it so we covered the Monthly chart Fractally and filled its COT Candle so now we can continue lower... Also Daily Chat shows a Head and Shoulders pattern as well.....there's a number of reasons... many people will not see the Bearish Scenario yet but we will develop into one that's what I am saying..Technically looking t#at a weekly we have not broken the Swing at 1.3470 level so I can see where others are looking but at 1.3967 we failed to make a 5th wave on the monthly my opinion is. now I have a whole host of clues backing me for bearish scenario, and I see 140's yes I do but would like to see it back at 126.50 first then create a massive 3rd wave up to the 140 levels.

don't get me wrong I could be wrong, but that's why I take profits intraday, scaling my positions and leaving the profits run. Anyway, best of luck, if I'm wrong then price action will tell me and i'll await a signal too long
  • #890,150
  • Apr 15, 2014 6:05am Apr 15, 2014 6:05am
RussJ - Where's the lower weekly high? Are you referring to last week's candle? Hardly giving the PA time to bear out.
Head & shoulders pattern isn't very reliable. You can see those buggers everywhere.
COT sentiment is not at an extreme level.

And traders don't think Draghi is serious until he actually walks the walk.
It'll be alright on the night
  • #890,151
  • Apr 15, 2014 6:11am Apr 15, 2014 6:11am
I'm not looking forward to 14h30. Its going to push down the € and then 15minutes later we can expect another push on the head from the $. Too silent since NY opened...shits about to happen.
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #890,152
  • Apr 15, 2014 6:24am Apr 15, 2014 6:24am
Descending trend line signals 1.3810 resistance for the pair, 1.3784 - 1.3780 becomes important support zone before it can plunge to 1.3740 - 1.3730. US CPI can become a big market mover for the later session.
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  • #890,153
  • Apr 15, 2014 6:29am Apr 15, 2014 6:29am
Hi
I think EU is going down but it is waiting for Core CPI m/m news, WHO is agree with me?
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  • #890,154
  • Apr 15, 2014 6:31am Apr 15, 2014 6:31am
Quoting Iraniatrader
Hi I think EU is going down but it is waiting for Core CPI m/m news, WHO is agree with me? {image}
Are you the person who asked if he was doing the right thing previous page and now making suggestions? This forum has it all

To me its going for 1.5, maybe 1.6 if things go good. After that its going for 1.3 - 1.1.

Thats a lot of pips i'm talking about but i'm pretty sure with enough money to cover the months...you eventually will hit your tp.
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #890,155
  • Apr 15, 2014 6:33am Apr 15, 2014 6:33am
Quoting Nocturnes
{quote} Are you the person who asked if he was doing the right thing previous page and now making suggestions? This forum has it all

Yes, including those who think NY has opened already.


Quoting Nocturnes
I'm not looking forward to 14h30. Its going to push down the € and then 15minutes later we can expect another push on the head from the $. Too silent since NY opened...shits about to happen.
Ghost Rider - WWTBMD?
  • #890,156
  • Apr 15, 2014 6:35am Apr 15, 2014 6:35am
Quoting gatorinla
{quote} walking like a duck {image}
quack
Attached Image
those who can, do. those who cant, talk about those who can
  • #890,157
  • Apr 15, 2014 6:35am Apr 15, 2014 6:35am
he's making the brand new start of it...
after all, it's a city that doesn't sleep
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big numbers are our friends...
  • #890,158
  • Apr 15, 2014 6:36am Apr 15, 2014 6:36am
Short
  • #890,159
  • Apr 15, 2014 6:41am Apr 15, 2014 6:41am
Quoting albchr
{quote} Yes, including those who think NY has opened already. {quote}
lol, clock is still on old hour. Well, in 20minutes then, owkeyyyyyyyyyyyyyyyyyyyyyyyyy
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #890,160
  • Apr 15, 2014 6:44am Apr 15, 2014 6:44am
Quoting gatorinla
{quote} 3620 chart. atm the low is near its um. i will change 3772 to 3788 {image}
missed 3788, but the day is young. low atm 3789. anyway if i was bullish, i would have waited for this min.. 3741 even better. thats if i was bullish. 3741 could be what bulls look for, to set up 3950. if we do make a lower low and the duck keeps the target. we may still go back to 3834/35 again before 34xx
those who can, do. those who cant, talk about those who can
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