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  • #896,301
  • May 8, 2014 6:21pm May 8, 2014 6:21pm
Quoting gatorinla
{quote} i re entered with a pending limit at 398x.. with 1.4 stop.. tp 3834
Listen, i can easily render the post as a ' time machine trading'. Since, the original post say nothing about a short position at $1.398, with a stoplose above $1.4 and you appeared coincidentally when 1.384 was hit ... However, i have nothing to gain by this - so i believe you! Congratulation, and enjoy your winning.
"It's the Margin, Stupid."
  • #896,302
  • May 8, 2014 6:27pm May 8, 2014 6:27pm
Plan for Asia/London is DONE
e/u and e/j

Anyone want talk about next move /set up/ view
  • #896,303
  • May 8, 2014 6:29pm May 8, 2014 6:29pm
Quoting Vachus
{quote} Listen, i can easily render the post as a ' time machine trading'. Since, you appeared coincidentally when 1.384 was hit ... However, i have nothing to gain by this - so i believe you! Congratulation, and enjoy your winning.



whats believed or not is not is up to you.. the fact is 3832 before 1.4 was posted long before..it even included the support mentioned at 387x by yourself usually dont hold in normal pa. (although it is taught by many) and atm the low is 1.3832, and we never reached 1.4 before reaching
3832
those who can, do. those who cant, talk about those who can
  • #896,304
  • May 8, 2014 6:33pm May 8, 2014 6:33pm
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 most times does not happen every time. all...


to avoid confusion, i am long.. i am not saying its bullish or bearish although i am long... i play r/r...that last high has great bearish potential. on a smaller chart, i am playing 1.4 or maybe 3912 ish;; my best r/r for long is near 3777... that dont make me right.. i could of just as easy held a short with a green stop and shot for 3102
those who can, do. those who cant, talk about those who can
  • #896,305
  • May 8, 2014 6:44pm May 8, 2014 6:44pm
Quoting gatorinla
{quote} whats believed or not is not is up to you.. the fact is 3832 before 1.4 was posted long before..it even included the support mentioned at 387x by yourself usually dont hold in normal pa. (although it is taught by many) and atm the low is 1.3832, and we never reached 1.4 before reaching 3832
I remember this post very clearly gator, and it's the main reason I didn't long at the 3870 area. Don't know why the other traders here are doubting you... I think you're one of the best.
I'm still thinking about longing here (384x) for a few, or holding on to my long-term short. Doesn't look terribly bullish atm.
You reap what you sow.
  • #896,306
  • May 8, 2014 6:51pm May 8, 2014 6:51pm
The EURUSD was hurt by comments from the ECB, but in reality the EURUSD is poised to go higher if the FED does not send a clear signal as to when interest rates may go up in the US.
  • #896,307
  • May 8, 2014 6:58pm May 8, 2014 6:58pm
i dont have a rudder because pa other than some missed voids at 3620 3442 and 3102. atm pa has not given me a new target. the one for 3442 has the same norm almost to the pip at 3832 and 3835.. it is a good sign we could resume 3442 but 1.4 is still valid. atm in just a normal move if it is going to be bearish. we may see 3912 once more, before a drop.. i dont know what it will do.. but with bulls still with a valid 1.4 and 4146... bears waiting for 3912 may be safer.. i am long behind this and 1.4... that dont mean i will not close near 2912 and short for the bigger reward potential, the same with the ea reaching 4922 or the aud at 3499
those who can, do. those who cant, talk about those who can
  • #896,308
  • May 8, 2014 7:16pm May 8, 2014 7:16pm
Quoting estrategafx
The EURUSD was hurt by comments from the ECB, but in reality the EURUSD is poised to go higher if the FED does not send a clear signal as to when interest rates may go up in the US.
if it was hurt by ecb comments, was this not expected?
also if it was poised to go higher, can we say the fed pushed it higher along with bond buying?
theres always a push or pull..
those who can, do. those who cant, talk about those who can
  • #896,309
  • May 8, 2014 7:18pm May 8, 2014 7:18pm
And so we have a pregnant ascending wedge. Will she take it to term?

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  • #896,310
  • May 8, 2014 7:22pm May 8, 2014 7:22pm
?? sequence mentioned... testing,,
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those who can, do. those who cant, talk about those who can
  • #896,311
  • May 8, 2014 7:40pm May 8, 2014 7:40pm
long 3835 sl 3830 tp 3855 r:r 1:4
why not
  • #896,312
  • May 8, 2014 8:01pm May 8, 2014 8:01pm
Quoting Citiboy
time is near to start buying usdzar i think.
Possibly EZar too
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  • #896,313
  • May 8, 2014 8:02pm May 8, 2014 8:02pm
Quoting gjgjg
{quote} Possibly EZar too {image}


I wouldnt do that If I were you... they're about to cut rates. EUR will be use to fund long EM trades.
Twitter: @TrendersGame
  • #896,314
  • May 8, 2014 8:03pm May 8, 2014 8:03pm
Quoting egkid
long 3835 sl 3830 tp 3855 r:r 1:4 why not
I'm long @ 1.3838 but I hope it will take your sl first before moving up.
Why?
I saw you put me on ignore without having the decency to tell me why you did that.

But hey, since I'm on your ignore list you can't read this anyway.

Or can you?

New voice message: Why are you calling me? If I need you, I'll call you!
  • #896,315
  • May 8, 2014 8:06pm May 8, 2014 8:06pm
Quoting egkid
long 3835 sl 3830 tp 3855 r:r 1:4 why not
because 3823 possible
cya on morning
  • #896,316
  • May 8, 2014 9:01pm May 8, 2014 9:01pm
Trend reversal started ? or nice dip for longs?
I tend to side more with the dip theory for now, in just looking at my charts..
if this moves down below 3770, then reversal will have more weight..IMO
  • #896,317
  • Edited 10:07pm May 8, 2014 9:27pm | Edited 10:07pm
Quoting 2012mysterio
Trend reversal started ? or nice dip for longs? I tend to side more with the dip theory for now, in just looking at my charts.. if this moves down below 3770, then reversal will have more weight..IMO
We're still technically in the middle of any reasonable uptrend channel you can draw on the daily charts. For me, reaching and violating 1.3740 would be a stronger sign, especially 1.37 itself (origin of the last firm push up after swing low). What I and many others are asking now though is will this get bought on the bottoms for another ride up?

Looking back we've been grinding and chopping, gradually moving up, but painfully slowly .. for a long time now. We've just made the high of the year, and the highest point since 2010? And the drop back down was a hell of a dick punch to anyone but the longest term bull traders. So you gotta ask yourself, after such a long long time in this chop, with the highs finally taken and slapped down quite convincingly, are big money hands going to try to buy it up again? It took them all this time to get it up there to begin with ..

Will this be a point where shorter term traders are nowayinhell going to buy this for even higher highs again without some good signs, longer term traders having watched for all this time finally get a high they may well have taken profit at, or are licking wounds or taking what profit is left .. In the grand scheme of things sure 150 pips drop isn't a huge deal, but look at the context of where it happened, the timing of it.

I'm not a bull or a bear at heart, but I do try to take my opportunities in the same direction as the larger order flows, but an all time high is a very good point to step back and start assessing if it is just going to be a dip, a large "correction" or an outright reversal.
  • #896,318
  • May 8, 2014 9:51pm May 8, 2014 9:51pm
i will probably close longs at/and look to s 3912/3931/no hh. the bulls made what they needed for 1.4 in this drop, so i will look for weakness on a bounce. if we make a LL now to 3819 before a bounce to wherever, it will just be more confusing for me. until bears show a hand. out of the 3102 missed, and the voided 3620,3442 #s. we did have one setup for .8xx.. (tin foil hat speculation). that one is valid. silver at 14.73 makes that one less tin foil.. 3819 w/o breaking 36xx low then a hh, and i can expand 1.4,1.4146, to 1.42xx or more.. i assume that the current H is protected.. so a retrace to 3912 may be enough for a drop... this may be bs, but if one wants to short.. higher is most times better for short. a bounce to 3912. if we do drop lower that 3912 level need to be ajusted, as in each lower pip takes 2 away from 3912..
still no st bear target..
those who can, do. those who cant, talk about those who can
  • #896,319
  • May 8, 2014 9:57pm May 8, 2014 9:57pm
Quoting AlanB
{quote} We're still technically in the middle of any reasonable uptrend channel you can draw on the daily charts. For me, reaching and violating 1.3740 would be a stronger sign, especially 1.37 itself. What I and many others are asking now though is will this get bought on the bottoms for another ride up? Looking back we've been grinding and chopping, gradually moving up, but painfully slowly .. for a long time now. We've just made the high of the year, and the highest point since 2010? And the drop back down was a hell of a dick punch to anyone...
Thank you AlanB. Nicely explained! Interesting thoughts. Time for patience to take over and watch where this goes.
  • #896,320
  • May 8, 2014 10:22pm May 8, 2014 10:22pm
Quoting giveachance
{quote} depends on what is your definition of smart?????
The one who knows the difference between intelligence and wisdom
The Thief of Wall Street
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