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  • #894,761
  • May 3, 2014 11:44pm May 3, 2014 11:44pm
Quoting Ill-b-back
{quote} The Euro has been difficult to pick for the last 12 months or more as the bull drive began from 1.2 area. It looked ready to collapse. but looking at the monthly chart, the last main monthly downtrend line contained far more bullish monthly candles than the previous 2 monthly bear drives. The last swing low was a higher low, and there was significant bullish weekly MACD divergence. Thats why I have maintained an over all bullish stance since the Euro summit. Not so much because of the summit, but simply there were 3 separate signs that buyers...
Past price action has told us this area is too expensive for EU. As outlined earlier, this can't last much longer, and the counter-trend professional gap has shown that.
  • #894,762
  • May 3, 2014 11:48pm May 3, 2014 11:48pm
In india forex trading is illegal , banned by the RBI (reserve bank of india) any idea through which i can trade ....

and bring money to india .....
Re-Incarnated
  • #894,763
  • May 3, 2014 11:49pm May 3, 2014 11:49pm
Quoting Kanzler
{quote} Past price action has told us this area is too expensive for EU. As outlined earlier, this can't last much longer, and the counter-trend professional gap has shown that.
I don't know what a CT professional gap is.
my chart shows a closed monthly candle above the main descending monthly TL starting from the very top before the crisis, a weekly close above the immediate/local descending TL and a bullish long tailed weekly bar.
Im not at my charts but I am pretty sure we have also closed above local resistance with 1.39 the last hurdle to clear for 1.4.
Come with me if you want to live....
  • #894,764
  • May 4, 2014 12:01am May 4, 2014 12:01am
Of course I could be wrong, but I see Euro as simply lagging behind Cable which broke free of its multi year Descending TL some time ago.
Despite apparent Fundies, Ill be interested to see if the Euro enjoys some strength to 1.45 area. If we clear 1.4 convincingly, the I think she will get there.
If no one is interested in the global move away from the USD and into the Euro shown by data because of overwhelming Euro bearish Fundies, then I think we only get half the picture. forex can be illogical at times but I thinks that's because we don't look past the headlines or consider what else is going on with the other side of the pair.
At the end if the day, if money is flowing into the a Euro, then it will appreciate. Bubbles and burst are common occurrences and they occur because currencies become way over valued. So I for one will not be surprised to see the Euro become over valued.
Come with me if you want to live....
  • #894,765
  • May 4, 2014 12:20am May 4, 2014 12:20am
Quoting Ill-b-back
Of course I could be wrong, but I see Euro as simply lagging behind Cable which broke free of its multi year Descending TL some time ago. Despite apparent Fundies, Ill be interested to see if the Euro enjoys some strength to 1.45 area. If we clear 1.4 convincingly, the I think she will get there. If no one is interested in the global move away from the USD and into the Euro shown by data because of overwhelming Euro bearish Fundies, then I think we only get half the picture. forex can be illogical at times but I thinks that's because we don't look...
it's rinse and repeat bro, been there done that. Triangle already broke and direction is clear, never mind the poor artist, he's got balls of steel and wearing hi-tech google glasses apprently also can withstand 500 points drawdown, cause he's hard out.

Verdict: Shorters are living in an alternative reality.
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  • #894,766
  • May 4, 2014 12:28am May 4, 2014 12:28am
Quoting ruffryders
{quote} it's rinse and repeat bro, been there done that. Triangle already broke and direction is clear, never mind the poor artist, he's got balls of steel and wearing hi-tech google glasses apprently also can withstand 500 points drawdown, cause he's hard out. Verdict: Shorters are living in an alternative reality. {image}
Excited for the markets to open tomorrow to see what happens.
Take what the market gives you.
  • #894,767
  • May 4, 2014 12:33am May 4, 2014 12:33am
Quoting Tiggrrr
{quote} Excited for the markets to open tomorrow to see what happens.
probably not much is going to happen until THU weak-ass talking head Dr Draghi spits out his usual load of crap upon us.

The bulls would want to see no action and his usual bla bla bla to try and take out 3950 first and then push towards 4040.
  • #894,768
  • May 4, 2014 12:41am May 4, 2014 12:41am
Quoting primejarvis
In india forex trading is illegal , banned by the RBI (reserve bank of india) any idea through which i can trade .... and bring money to india .....
Sorry, not as interested in sending money to India as to my wallet.

Quoting Ill-b-back
{quote} I don't know what a CT professional gap is. my chart shows a closed monthly candle above the main descending monthly TL starting from the very top before the crisis, a weekly close above the immediate/local descending TL and a bullish long tailed weekly bar. Im not at my charts but I am pretty sure we have also closed above local resistance with 1.39 the last hurdle to clear for 1.4.
A couple weeks ago we had a large gap down. Novices make gaps in the direction of momentum - which would have been up. Professionals are the only group who would have been selling against the almighty "trend". We've already seen some substantial reactions from this level.

Quoting ruffryders
{quote} probably not much is going to happen until THU weak-ass talking head Dr Draghi spits out his usual load of crap upon us. The bulls would want to see no action and his usual bla bla bla to try and take out 3950 first and then push towards 4040.
I don't understand when some people trade. Last week the excuse was "nothing will happen until NFP". In a few weeks it'll be "nothing will happen until end of month/balancing stuff". I'm sure there will be trade opportunities before Thursday.

Quoting ruffryders
{quote} it's rinse and repeat bro, been there done that. Triangle already broke and direction is clear, never mind the poor artist, he's got balls of steel and wearing hi-tech google glasses apprently also can withstand 500 points drawdown, cause he's hard out. Verdict: Shorters are living in an alternative reality. {image}
You should come on over, the water is warm and the babes are hot in the alternative reality. Also in alternative reality we don't use arbitrary triangles to pretend we can forecast market direction. But that's another lesson.
  • #894,769
  • May 4, 2014 12:46am May 4, 2014 12:46am
Quoting Kanzler
{quote} Sorry, not as interested in sending money to India as to my wallet. {quote} A couple weeks ago we had a large gap down. Novices make gaps in the direction of momentum - which would have been up. Professionals are the only group who would have been selling against the almighty "trend". We've already seen some substantial reactions from this level. {quote} I don't understand when some people trade. Last week the excuse was "nothing will happen until NFP". In a few weeks it'll be "nothing will happen until end of month/balancing...
trade opportunity is posted on the above chart. for position traders.
  • #894,770
  • May 4, 2014 12:49am May 4, 2014 12:49am
Quote
You should come on over, the water is warm and the babes are hot in the alternative reality. Also in alternative reality we don't use arbitrary triangles to pretend we can forecast market direction. But that's another lesson.

thanks for the offer, I'm already on a holiday at Maldives.
  • #894,771
  • May 4, 2014 12:56am May 4, 2014 12:56am
Quoting ruffryders
{quote} thanks for the offer, I'm already on a holiday at Maldives.
Good thing it's from being the boss at Gazprom and not your bad trading bets. Bulls will get creamed soon enough.
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  • #894,772
  • May 4, 2014 1:01am May 4, 2014 1:01am
Quoting Kanzler
{quote} Good thing it's from being the boss at Gazprom and not your bad trading bets. Bulls will get creamed soon enough. {image}
Well, with all things equal, it's better to work for Gazprom, than live on social wellfare in lower east side.
  • #894,773
  • May 4, 2014 1:15am May 4, 2014 1:15am
Quoting ruffryders
{quote} it's rinse and repeat bro, been there done that. Triangle already broke and direction is clear, never mind the poor artist, he's got balls of steel and wearing hi-tech google glasses apprently also can withstand 500 points drawdown, cause he's hard out. Verdict: Shorters are living in an alternative reality. {image}
Yep, I started looking at your thread last week after my GU hat got handed to me, doh..
for you to see that continuation and then for me to see it play out, I realised I was missing something.
Funnily enough, we had pretty much the same segmented analysis on it but I underestimated its strength which is odd since I've been one of the idiots to ignore who was calling for 1.73 since before Xmas. supporting segments and levels are very strong as is weekly/monthly PA.
I'm going to check out your thread as your EU analysis is much the same as mine also.
All the best, Arnie Out.....
Come with me if you want to live....
  • #894,774
  • May 4, 2014 1:19am May 4, 2014 1:19am
Quoting Ill-b-back
{quote} Yep, I started looking at your thread last week after my GU hat got handed to me, doh.. for you to see that continuation and then for me to see it play out, I realised I was missing something. Funnily enough, we had pretty much the same segmented analysis on it but I underestimated its strength which is odd since I've been one of the idiots to ignore who was calling for 1.73 since before Xmas. supporting segments and levels are very strong as is weekly/monthly PA. I'm going to check out your thread as your EU analysis is much the same as...
Quote
All the best, Arnie Out.....
good one.

Good luck bro, I think now the direction is more clear, overall.
  • #894,775
  • May 4, 2014 1:23am May 4, 2014 1:23am
Quoting ruffryders
{quote} {quote} good one. Good luck bro, I think now the direction is more clear, overall.
thanks, yes I agree, I think this F-up congestive PA lately will soon be left behind now the monthly/weekly TL break is done. Green pips..
Come with me if you want to live....
  • #894,776
  • May 4, 2014 1:27am May 4, 2014 1:27am
Quoting Kanzler
{quote} Sorry, not as interested in sending money to India as to my wallet. {quote} A couple weeks ago we had a large gap down. Novices make gaps in the direction of momentum - which would have been up. Professionals are the only group who would have been selling against the almighty "trend". We've already seen some substantial reactions from this level. {quote} I don't understand when some people trade. Last week the excuse was "nothing will happen until NFP". In a few weeks it'll be "nothing will happen until end of month/balancing...
Ok thx for the Gap update.
Come with me if you want to live....
  • #894,777
  • May 4, 2014 1:49am May 4, 2014 1:49am
Quoting gatorinla
{quote} i dont disagree with bulls. i have had 4146 since last year. i am simply stating i am short and the reasons why. it has been bullish since we had the b/o pointing to 4146. i missed my Long entry at norm by 1 pip + spread. all this you read now is a 1/2 year after. people are long/bullish 300 pips from 4146. like i said i missed my entry by a pip. we never went to 3102 or 3103.5 depending on broker has not been satisfied. most times before 4146 4148 depending on broker, we will reach 3102 3103 first. most times is not 100%. its all posted...
I also do not ridicule anyone. I know that you, in most cases you're right. My experience has shown it to me. But I know that you do not hold positions in the red. Now it is possible such a situation. I know you set aside some of the profits to stop. To what level?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #894,778
  • May 4, 2014 3:24am May 4, 2014 3:24am
Quoting WillyWonka
{quote} Not sure if this broker is of any use? https://www.interactivebrokers.com/e...b_entity%3Dllc
Thank you, i'll dig into it

But i don't know if Iron ore is available yet to retailers.
COT: The precious data ignored
  • #894,779
  • Edited 8:19am May 4, 2014 5:42am | Edited 8:19am
Quoting Ill-b-back
{quote} The Euro has been difficult to pick for the last 12 months or more as the bull drive began from 1.2 area. It looked ready to collapse. but looking at the monthly chart, the last main monthly bear drive contained far more bullish monthly candles than the previous 2 monthly bear drives. The last swing low was a higher low, and there was significant bullish weekly MACD divergence. Thats why I have maintained an over all bullish stance since the Euro summit. Not so much because of the summit, but simply there were 3 separate signs that buyers...
I believe that until tightening criteria remain obscure, market will have to wait for a clear objective reading from Yellen all the times. In other words, NFP first reaction may snap back very easily. Trigger was participation rate this time. I see also better chances for market disappointment since she has been hired to be a dove. Until that reading, EURUSD may go either north or south but always pivoting on the multiweeks average in my view. For all these reasons, I won't be a charting crusader this time.
  • #894,780
  • May 4, 2014 5:53am May 4, 2014 5:53am
Quoting kuroro001
{quote} Thank you, i'll dig into it But i don't know if Iron ore is available yet to retailers.
I just tried out their demo web trader, It would appear you can trade in iron ore futures, There is a 10k minimum deposit for individual accounts.
"Don't get caught trading wheat in the corn pit"
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