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  • #896,241
  • May 8, 2014 1:17pm May 8, 2014 1:17pm
As you can see both EUR/CAD and EUR/USD continued its move down as predicted. Simple formation identification will lead you to those conclusions before it happens. Had you long during the last picture which I posted you would be in red over 35 pips right now. EUR/CAD dropped over 100 pips lower from it's last daily support line.
Attached Image (click to enlarge)
Click to Enlarge Name: ridinglast.PNG Size: 31 KB
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #896,242
  • May 8, 2014 1:20pm May 8, 2014 1:20pm
EUR/CAD, EUR/USD, AUD/USD resulted in this profit... 7 accounts linked to this one account. You guys have a wonderful weekend. I'm going to enjoy this week starting from today. http://www.myfxbook.com/members/Mast...ping-iv/915818
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #896,243
  • May 8, 2014 1:24pm May 8, 2014 1:24pm
Quoting Magicmen
{quote} This is valid for next 14 hours only
Maybe Less, Am planning to close before AUD-RBA Monetary Policy Statement @ 9.30 eastern
A good trader follows his rules, but great trader knows when to break them
  • #896,244
  • May 8, 2014 1:39pm May 8, 2014 1:39pm
Daddy look, the Dollar Index is surging
( I don't mean now, just i read few posts DXY is rising. I went to check it, to find remains below 79.35)
"It's the Margin, Stupid."
  • #896,245
  • May 8, 2014 1:40pm May 8, 2014 1:40pm
Quoting KillerWhale
{quote} But going long is the best option I guess.
Glad I didn't follow up on this one.

Everything is down except GBP, how funny.
My shorts EA doing GREAT, same for shorts UT.
Collecting a generous amount of interest each day.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #896,246
  • May 8, 2014 2:11pm May 8, 2014 2:11pm
Quoting KillerWhale
{quote} Glad I didn't follow up on this one. Everything is down except GBP, how funny. My shorts EA doing GREAT, same for shorts UT. Collecting a generous amount of interest each day.
AUD/USD also isn't down.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #896,247
  • May 8, 2014 2:14pm May 8, 2014 2:14pm
Quoting Vachus
Daddy look, the Dollar Index is surging ( I don't mean now, just i read few posts DXY is rising. I went to check it, to find remains below 79.35)
very likely the dollar will surge.

Attached Image (click to enlarge)
Click to Enlarge Name: DXY- i7860-TDA_207.png Size: 417 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #896,248
  • May 8, 2014 2:39pm May 8, 2014 2:39pm
Quoting ffleo
{quote} very likely the dollar will surge. {image}
Maybe, it could consolidate a little bit. A good portion of the DXY move was the EUR/USD. What I've been looking at the other pairs GBP, JPY didn't move much against the USD.
  • #896,249
  • May 8, 2014 2:43pm May 8, 2014 2:43pm
When the big moves comes along the is no technical points that can predict the move.So many were sure it would pass 1,4 and straight down it went.
One gets the feeling that the market is run by big investors that decides to run the market the either direction. We have seen the last days how the euro rise on bad euro news and also on good USD news. It went up anyway.Some moves up in the YEN tonight but the swiss is down. The question is what will Asia do tonight. This morning the euro was abouth 1.3920. Will they force it back to this to get out of their trade?
  • #896,250
  • May 8, 2014 2:46pm May 8, 2014 2:46pm
Quoting KillerWhale
{quote} Glad I didn't follow up on this one. Everything is down except GBP, how funny. My shorts EA doing GREAT, same for shorts UT. Collecting a generous amount of interest each day.
Lucky you have good leverage ...
EA went through the roof this morning!

I made 3 stupid mistakes today!
Gotta learned it!
  • #896,251
  • May 8, 2014 2:48pm May 8, 2014 2:48pm
Quoting Vachus
Daddy look, the Dollar Index is surging ( I don't mean now, just i read few posts DXY is rising. I went to check it, to find remains below 79.35)
Stop it.. lol.. It can still drop, but if one paid attention the stocks were going ballistic while this thing was dropping.. Not a healthy drop imo.. Shorts will suffer next week again probably.
  • #896,252
  • May 8, 2014 2:56pm May 8, 2014 2:56pm
Quoting attila
{quote} Stop it.. lol.. It can still drop, but if one paid attention the stocks were going ballistic while this thing was dropping.. Not a healthy drop imo.. Shorts will suffer next week again probably.
Attila, what are you targeting currently if you don't mind my asking?

Im looking at 370X - 368X for the first major test on a higher continuation.

If not that I think we would then head to 35XX
  • #896,253
  • May 8, 2014 2:56pm May 8, 2014 2:56pm
Quoting attila
{quote} Stop it.. lol.. It can still drop, but if one paid attention the stocks were going ballistic while this thing was dropping.. Not a healthy drop imo.. Shorts will suffer next week again probably.
Come on, i promised you a 'party today & time machine tradings'.

But the bears drank the milk and went to sleep early, those that survived the bounce.
"It's the Margin, Stupid."
  • #896,254
  • May 8, 2014 2:59pm May 8, 2014 2:59pm
Quoting Vachus
{quote} Come on, i promised you a 'party today & time machine tradings'. But the bears drank the milk and went to sleep early, those that survived the bounce. On the dropping part, okay i do not see it below the $1.38 mark. But there is some serious misunderstanding going on, even on twitter. So, i'm waiting to see how far this delusion can influence the price and to which extent! * I read the statement, the questions ; yet still do not understand- how markets figured out he was going to intervene in the exchange rate. He was talking about inflation,...
Though he has stated the council is looking at the exchange rate in past meetings and announcements. Nevermind the chorus of country bankers and officials from France and the periphery stating they would like a lower exchange rate putting pressure on the ECB to do something about it.
  • #896,255
  • May 8, 2014 2:59pm May 8, 2014 2:59pm
Quoting gatorinla
{quote} not to say that R now support at 3875/85 is not support atm.. it is supportive. its just not in the normal flow as a support area for a strong bull wanting normal support.most times a place like 3875/85 will fail. if we did drop now and it was a drop for a bullish bounce. it will fool many if 3875/85 gives.. but its just normal to get 3832.x ...and better for bulls is 3811.. of course the lows have to hold for this to develop. and of course its never a sure thing.. what happens...
just normal flow..i dont know if we will go to 1.4, but this is the way to do it.. at the same time larger bears have 2 humps and a third shorter one on larger charts.. both bears and bulls want 3832/33, 3811 is better for bulls. 378x may spoil some 1.4 dreams
those who can, do. those who cant, talk about those who can
  • #896,256
  • May 8, 2014 3:00pm May 8, 2014 3:00pm
On the dropping part, okay i do not see it below the $1.38 mark. But there is some serious misunderstanding going on, even on twitter. So, i'm waiting to see how far this delusion can influence the price and to which extent!

* I read the statement, the questions ; yet still do not understand- how markets figured out he was going to intervene in the exchange rate. He was talking about inflation, not the exchange rate.
"It's the Margin, Stupid."
  • #896,257
  • May 8, 2014 3:01pm May 8, 2014 3:01pm
Quoting Vachus
{quote} Come on, i promised you a 'party today & time machine tradings'. But the bears drank the milk and went to sleep early, those that survived the bounce. On the dropping part, okay i do not see it below the $1.38 mark. But there is some serious misunderstanding going on, even on twitter. So, i'm waiting to see how far this delusion can influence the price and to which extent! * I read the statement, the questions ; yet still do not understand- how markets figured out he was going to intervene in the exchange rate. He was talking about inflation,...
a shoe maker produced a lot of shoes and want to sell the shoes for 2 dollars. sure some retailer can sell it for 3 dollars. but the shoe maker can produce a lot more shoes than the retailer can have in stock. In the end the shoes will sell for two dollars. The ECB does not need to talk shit about rate. just sell their freaking currency. No money to sell? Then print to sell
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #896,258
  • May 8, 2014 3:06pm May 8, 2014 3:06pm
Quoting Petiedawgs
{quote} Though he has stated the council is looking at the exchange rate in past meetings and announcements. Nevermind the chorus of country bankers and officials from France and the periphery stating they would like a lower exchange rate putting pressure on the ECB to do something about it.
I understand, France has been crying for the last three years and begging them for a lower exchange rate ... what difference does it make this time?!
"It's the Margin, Stupid."
  • #896,259
  • May 8, 2014 3:07pm May 8, 2014 3:07pm
Quoting Vachus
On the dropping part, okay i do not see it below the $1.38 mark. But there is some serious misunderstanding going on, even on twitter. So, i'm waiting to see how far this delusion can influence the price and to which extent! * I read the statement, the questions ; yet still do not understand- how markets figured out he was going to intervene in the exchange rate. He was talking about inflation, not the exchange rate.
Wasn't in the statement. Was in the Q&A. He mentioned he will intervene in June if necessary.
  • #896,260
  • May 8, 2014 3:07pm May 8, 2014 3:07pm
Listen, Price is the God of this game. I obey, respect and find price as the ultimate truth ... but there are times, when you bow your head and respectfully disagree!
"It's the Margin, Stupid."
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