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  • #891,621
  • Apr 22, 2014 12:00am Apr 22, 2014 12:00am
Quoting Davit
{quote} Fundamentals have no awareness of fibs
............ and they keep on changing every day, sometimes twice a day.
The Thief of Wall Street
  • #891,622
  • Apr 22, 2014 12:04am Apr 22, 2014 12:04am
Quoting Chicky
{quote} ............ and they keep on changing every day, sometimes twice a day.
To me better approach is not what fibs may do but why should EU be at 1.41 or even 1.40
Not with 1% inflation and 12% unemployment with EZ election in MAY

Short 3810 3820 limit shorts 3850 3880 39
1st TP 1.36
2nd TP 1.35
In trading, you have to be defensive and aggressive at the same time
  • #891,623
  • Apr 22, 2014 12:11am Apr 22, 2014 12:11am
EU H1

took a long at pullback into frankie H which rejected April swing mid ....
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.PNG Size: 33 KB
  • #891,624
  • Apr 22, 2014 12:16am Apr 22, 2014 12:16am
Quoting Davit
{quote} To me better approach is not what fibs may do but why should EU be at 1.41 or even 1.40 Not with 1% inflation and 12% unemployment with EZ election in MAY Short 3810 3820 limit shorts 3850 3880 39 1st TP 1.36 2nd TP 1.35
Logically fundamentals should prevail. But we are living in an era of currency war, a very stupid war. If I correctly remember, couple of years ago, Australia decided to remain immune from this war. They increased rate of interest. Today, they are still 7 cents below parity

A currency may depreciate 10 points if unemployment goes to 12%. But as soon as unemployment starts getting better even by 3%, it regains all these 10 points, leaving a question for people like me why this currency did not depreciate with 9% increase in unemployment.
The Thief of Wall Street
  • #891,625
  • Apr 22, 2014 12:16am Apr 22, 2014 12:16am
Quoting math_GB
{quote} Hey pips... Hope you are OK. It probably won't take that figure but why are you targeting 1.3715 when no single sign of bears is on the chart....? My view is we shall see a bearish month in May but as of right now, don't see a reason to short here around these levels...
The gap from 8 days ago has to close in 1.3880's area before a serious down trend has a chance to form

Most likely, sideways market again
"Luxury is one of the basic needs", (c), Don Corleone
  • #891,626
  • Apr 22, 2014 12:16am Apr 22, 2014 12:16am
Quoting math_GB
{quote} Hey pips... Hope you are OK. It probably won't take that figure but why are you targeting 1.3715 when no single sign of bears is on the chart....? My view is we shall see a bearish month in May but as of right now, don't see a reason to short here around these levels...
Hey mate, doing well! I think the pair will be range bound between 1.37 and 1.39. I think the pair is way over due for a decent pullback. It can remain elevated, but there is no real conviction that it wants to blast higher. I think the longer it stays in limbo, the deeper the retrace would be. In all honesty, 1.3715 is like a hop skip and jump form current levels.

If 1.3850 is broken, then I could reevaluate.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-18-TOS_EURUSD.png Size: 142 KB
When the facts change I change my mind, what do you do sir
  • #891,627
  • Apr 22, 2014 12:20am Apr 22, 2014 12:20am
watching these futures bounce around...just can't help but prolong that bubble
Attached Image
When the facts change I change my mind, what do you do sir
  • #891,628
  • Apr 22, 2014 12:23am Apr 22, 2014 12:23am
Quoting Firstboss
{quote} The gap from 8 days ago has to close in 1.3880's area before a serious down trend has a chance to form Most likely, sideways market again
I am not a fan of gap trading but yes, all gaps are closed eventually. I just find it meaningless to chase after the gap that happened more than a week ago. I agree however that it is not the time for a decent short yet and it is a range market. Don't know how many more times it will keep bouncing around 1.3800. The non-existing vol is pissing me off terribly... Deadly slow...
  • #891,629
  • Apr 22, 2014 12:23am Apr 22, 2014 12:23am
Quoting Pip Anon
{quote} Hey mate, doing well! I think the pair will be range bound between 1.37 and 1.39. I think the pair is way over due for a decent pullback. It can remain elevated, but there is no real conviction that it wants to blast higher. I think the longer it stays in limbo, the deeper the retrace would be. In all honesty, 1.3715 is like a hop skip and jump form current levels. If 1.3850 is broken, then I could reevaluate. {image}
It doesn't want to do anything... So tight ranges these days... Trade safe mate...
  • #891,630
  • Apr 22, 2014 12:24am Apr 22, 2014 12:24am
Almost missed this one, was waiting like a nice little bear, had a snooze then woke up to a little rejection to my level and bam I just made it to the honey pot.
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All posts are my personal opinion
  • #891,631
  • Apr 22, 2014 12:29am Apr 22, 2014 12:29am
as long as usdchf is above 0.8840 - eurusd will stay under 1.3815. I expect usdchf to hit 0.8908 and eurusd 1.3722 tomorrow
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #891,632
  • Apr 22, 2014 12:29am Apr 22, 2014 12:29am
Quoting math_GB
{quote} I am not a fan of gap trading but yes, all gaps are closed eventually. I just find it meaningless to chase after the gap that happened more than a week ago. I agree however that it is not the time for a decent short yet and it is a range market. Don't know how many more times it will keep bouncing around 1.3800. The non-existing vol is pissing me off terribly... Deadly slow...
don't mention the gap, they are just a conspiracy

how are you doing?
  • #891,633
  • Apr 22, 2014 12:34am Apr 22, 2014 12:34am
Quoting MaxDoom
{quote} don't mention the gap, they are just a conspiracy how are you doing?
Hey man...!
All good, apologies, I didn't really want to
Same old man but many things happened tbh, will PM you later... You are still favouring shorts I assume...
  • #891,634
  • Apr 22, 2014 12:38am Apr 22, 2014 12:38am
1.38200-300 can come in case of stop hunt...but should not raise higher...can be good spot for small short...
f(z)=z2+c
  • #891,635
  • Apr 22, 2014 12:48am Apr 22, 2014 12:48am
'i'm long 1.3798
  • #891,636
  • Apr 22, 2014 12:50am Apr 22, 2014 12:50am
Quoting math_GB
{quote} Hey man...! All good, apologies, I didn't really want to Same old man but many things happened tbh, will PM you later... You are still favouring shorts I assume...
look forward to it

yes still short looking for 1.36xx
  • #891,637
  • Apr 22, 2014 12:52am Apr 22, 2014 12:52am
Quoting trung407923
'i'm long 1.3798
sl 1.3775
  • #891,638
  • Apr 22, 2014 1:19am Apr 22, 2014 1:19am
Quoting math_GB
{quote} Oh boy...! I see you are still in shape mate... Keep it up. Long here, will feel safe above 1.3805...
Done... First target 1.3835 for me from here, and then maybe 1.3865...
  • #891,639
  • Apr 22, 2014 1:24am Apr 22, 2014 1:24am
Anyone around here using Fib time zones?
  • #891,640
  • Apr 22, 2014 2:05am Apr 22, 2014 2:05am
Quoting chazzle
EU H1 took a long at pullback into frankie H which rejected April swing mid ....
above the IB of LO --- so far so good
Attached Image (click to enlarge)
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