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  • #896,261
  • May 8, 2014 3:11pm May 8, 2014 3:11pm
Quoting gatorinla
{quote} 1.400 and 3832/33 are in a sequence.. 1.4146 is a target, my dilemma is we never went to 3102/03 like we normally do b4 it/. it missed by a pip.. thats close.. i have watched it enough times to respect it. the pair wants that pip most times. i have a Large Mf at 3966 along with 3957, i will respect as a strong R. they are much larger then 4146 or anything inside. on your 1.4 one atm we are in its mid.. the center at 3944 . the um is 3950.9 and the Lm at 3937 (atm bounce high). we never crossed this one with the closes...
original post states 2832/33 before 1.4 most times
30 hours later
those who can, do. those who cant, talk about those who can
  • #896,262
  • May 8, 2014 3:11pm May 8, 2014 3:11pm
Quoting gatorinla
{quote} 30 hours later
it is still moving down atm
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #896,263
  • May 8, 2014 3:12pm May 8, 2014 3:12pm
Look at this chart. ?????

https://charts.mql5.com/4/654/eurusd...ctdealer-2.png




https://charts.mql5.com/4/654/eurusd...rectdealer.png
  • #896,264
  • May 8, 2014 3:13pm May 8, 2014 3:13pm
Quoting Vachus
{quote} 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?!
The fact that since they've been crying about it it has only gone up hurting their exports.
  • #896,265
  • May 8, 2014 3:14pm May 8, 2014 3:14pm
Quoting gbudy
Look at this chart. ????? {image} https://charts.mql5.com/4/654/eurusd...rectdealer.png
hi, isn't gartly just connecting the points of fib numbers?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #896,266
  • May 8, 2014 3:15pm May 8, 2014 3:15pm
Quoting mahras
{quote} Wasn't in the statement. Was in the Q&A. He mentioned he will intervene in June if necessary.
He was retracting / concluding on the entire question, about inflation not the exchange rate ... if you read the statement, he says will intervene but we will wait for Euro system staff projection for inflation!

Quote
... As I said, we discussed the exchange rate. So at the end of this discussion I would say that the Governing Council is comfortable with acting next time, but before we want to see the staff projections that will come out in early June.


This is practically the same thing said one million time, since December 2013.

But, as i said- this misunderstanding is widely spread- and price could continue doing whatever it won't till June.
"It's the Margin, Stupid."
  • #896,267
  • May 8, 2014 3:18pm May 8, 2014 3:18pm
Many today have gone long at the EOD, or closed their shorts thinking it would bounce back. Hourly chart is way red.

According to my oanda order book many more are now long than short (EDIT: for today, there are still many more short down below waiting for it to come back). Also the Forex Factory Long Short ratio is EUR39% long which I haven't seen it that high in ages. Im thinking we are going to see 3700's shortly.

Attached Image (click to enlarge)
Click to Enlarge Name: orderbook1405-4pm.PNG Size: 27 KB
  • #896,268
  • May 8, 2014 3:22pm May 8, 2014 3:22pm
Quoting Vachus
{quote} He was retracting / concluding on the entire question, about inflation not the exchange rate ... if you read the statement, he says will intervene but we will wait for Euro system staff projection for inflation! {quote} This is practically the same thing said one million time, since December 2013. But, as i said- this misunderstanding is widely spread- and price could continue doing whatever it won't till June.
so basically you believe central banks only talk, make, and announce policies, but do not do dirty things behind the scene?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #896,269
  • May 8, 2014 3:23pm May 8, 2014 3:23pm
Quoting Vachus
{quote} He was retracting / concluding on the entire question, about inflation not the exchange rate ... if you read the statement, he says will intervene but we will wait for Euro system staff projection for inflation! {quote} This is practically the same thing said one million time, since December 2013. But, as i said- this misunderstanding is widely spread- and price could continue doing whatever it won't till June.
He has never said he will be comfortable with a timeframe before. That's the key change in language every trader picked up on.

Look, when a CB says a statement like that especially Draghi and co, the market is likely gonna test if its real or not. In the mean time as you said price is king, and market participants determine the price. No need to fight it. Tight stops, tight drawdown mgmt.
  • #896,270
  • May 8, 2014 3:25pm May 8, 2014 3:25pm
Quoting gatorinla
{quote}original post states 2832/33 before 1.4 most times 30 hours later

awesome posts,thanks for sharing
Sometimes it's better to be wrong,to learn..
  • #896,271
  • May 8, 2014 3:26pm May 8, 2014 3:26pm
Hi Gator,

isnīt it time for your great sentence:

Mules that shit fast donīt shit long.

BTW I could imagine they will shit a little longer this time, bounces included.
  • #896,272
  • May 8, 2014 3:28pm May 8, 2014 3:28pm
Quoting CandleStar
Hi Gator, isnīt it time for your great sentence: Mules that shit fast donīt shit long. BTW I could imagine they will shit a little longer this time, bounces included.
already 160 pips range for the day
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #896,273
  • May 8, 2014 3:29pm May 8, 2014 3:29pm
L atm.. for 1.4
those who can, do. those who cant, talk about those who can
  • #896,274
  • May 8, 2014 3:30pm May 8, 2014 3:30pm
my best guess for tomorrow is sell limit @3868 & just hold for the rest of the session.
  • #896,275
  • May 8, 2014 3:33pm May 8, 2014 3:33pm
fuck it just touched my pivot level .
Attached Image
Get Rich or Die Tryin
  • #896,276
  • May 8, 2014 3:33pm May 8, 2014 3:33pm
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.
It was crowded, the trade went overcrowded going into Draghi and even more while he was talking, that explains part of the big move.From MNI - ""A lot of euros were bought in the $1.3970/90 area," said one trader, of the early trading action seen as Draghi began speaking.", now imagine all these people wanting to get out at the same time and you see this.He was talking about inflation like you said not the exchange rate but the measures would imply a lower exchange rate since market was not pricing in any credit easing measures or rate cuts from ECB. At least now we know eur/usd didn't had QE in mind at those levels.
  • #896,277
  • May 8, 2014 3:36pm May 8, 2014 3:36pm
1.382x very hard nut to crack. I expect it settle around 1.383x to 1.386x. If it breaks 1.382x I will expect to go 1.35xx which is a bit unlikely for the moment. Well I am not showing any picture. For me, its amazing to have this volatility at this hour!
Its not an advice and sorry for grammar.
  • #896,278
  • May 8, 2014 3:43pm May 8, 2014 3:43pm
Quoting gatorinla
{quote} 1.400 and 3832/33 are in a sequence.. 1.4146 is a target, my dilemma is we never went to 3102/03 like we normally do b4 it/. it missed by a pip.. thats close.. i have watched it enough times to respect it. the pair wants that pip most times. i have a Large Mf at 3966 along with 3957, i will respect as a strong R. they are much larger then 4146 or anything inside. on your 1.4 one atm we are in its mid.. the center at 3944 . the um is 3950.9 and the Lm at 3937 (atm bounce high). we never crossed this one with the closes i like. so its attraction...
So you think its going up from here?
  • #896,279
  • May 8, 2014 3:45pm May 8, 2014 3:45pm
Quoting gatorinla
L atm.. for 1.4
No S/L?
  • #896,280
  • May 8, 2014 3:47pm May 8, 2014 3:47pm
Long GU @ 1.69306
EU @ 1.38399
EJ @ 140.624
A good trader follows his rules, but great trader knows when to break them
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