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  • #897,181
  • May 13, 2014 6:12am May 13, 2014 6:12am
Quoting ScalpLikeMe
Recall I have the pivot levels about 1 hour after ASIA opened. Now have a look at today's price action onEUR/USD do you see the "resistance" ended up being a fresh new daily pivot. That price was never mentioned by anyone in this thread, and in fact is the R1daily pivot. {image}
including you of course.....

you need to get some labels on those lines
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  • #897,182
  • May 13, 2014 6:14am May 13, 2014 6:14am
a bit like salt and pepper really


"He denied his budget was the start of an “age of austerity”, saying he was in fact ushering in a new “age of opportunity”."

http://www.theguardian.com/world/201...in?CMP=soc_567
If you are new to Forex? Say Goodbye to your account!!
  • #897,183
  • May 13, 2014 6:15am May 13, 2014 6:15am
Quoting ArekJP
{quote} if you want to buy it you should wait till 1.30pm and wait for US news. gl anyway.
a bit of a risk to buy now. bulls must be scared to death...although I hear about some Asian name bidding at current levels. ECB doesn't need to cut rates to lower the exchange rate...it may be ECB or Bundesbank or whoever, there are so many ways to scare investors...and in the end nothing will happen in June.
  • #897,184
  • May 13, 2014 6:16am May 13, 2014 6:16am
TP @1.37 hit, 65 pips taken, im done for the day. gl all!
  • #897,185
  • May 13, 2014 6:16am May 13, 2014 6:16am
As of the current moment E/U is trading over 20 pips under its S3... Last time it did this (friday) it never even retouched the s3. Should we go back to the s3 and accumulate I would startbuying at that price bigger lots for a 3 pivot level retrace.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,186
  • May 13, 2014 6:17am May 13, 2014 6:17am
Holding long. Should be back up to 3850 in the next couple days.
Life is too short to have anything but delusional notions about yourself.
  • #897,187
  • May 13, 2014 6:17am May 13, 2014 6:17am
Quoting Citiboy
covered some at 3895, quadrupled shorts at 3910, SL 3955. Target 3700. daily chart looks nasty double top now

I think USD gains may end being more pronounced against EM if we get a continued run of strong data from here.

EUR move has hit 1.3700 target
Twitter: @TrendersGame
  • #897,188
  • May 13, 2014 6:17am May 13, 2014 6:17am
Panic in the market, so lets buy mooore.
f(z)=z2+c
  • #897,189
  • May 13, 2014 6:19am May 13, 2014 6:19am
Quoting MaxDoom
{quote} including you of course..... you need to get some labels on those lines {image}
Yes of course but I don't sit here and take guesses as to what the market will do. I simply react to what I see. Unlike the poster who said he could predict the high, low, and close price of the currency. And to think those are the guys with those yellow and red things next to their names.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,190
  • May 13, 2014 6:20am May 13, 2014 6:20am
Quoting Greener
{quote} a bit of a risk to buy now. bulls must be scared to death...although I hear about some Asian name bidding at current levels. ECB doesn't need to cut rates to lower the exchange rate...it may be ECB or Bundesbank or whoever, there are so many ways to scare investors...and in the end nothing will happen in June.
That can be highly possible tx for heads up. Im just trying to take 1 day at the time...
  • #897,191
  • May 13, 2014 6:21am May 13, 2014 6:21am
Will Add to shorts at 3745 and 3790 for move to 1.3480.


2nd leg down probably happens closer to june 3 inflation data?
Twitter: @TrendersGame
  • #897,192
  • May 13, 2014 6:21am May 13, 2014 6:21am
Quoting hoss
Holding long. Should be back up to 3850 in the next couple days.
ouch over 130 pip loss at the moment. That's about 15x EU daily trading range.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,193
  • May 13, 2014 6:22am May 13, 2014 6:22am
Quoting ScalpLikeMe
{quote} Yes of course but I don't sit here and take guesses as to what the market will do. I simply react to what I see. Unlike the poster who said he could predict the high, low, and close price of the currency. And to think those are the guys with those yellow and red things next to their names.
Red and yellow diamond has nothing to do with trading.....And nobody in here can predict high/low/close. You either misunderstood them or they live on another planet
COT: The precious data ignored
  • #897,194
  • May 13, 2014 6:23am May 13, 2014 6:23am
Quoting ScalpLikeMe
{quote} ouch over 130 pip loss at the moment. That's about 15x EU daily trading range.
that's not a very good idea
  • #897,195
  • May 13, 2014 6:24am May 13, 2014 6:24am
Quoting kuroro001
{quote} Red and yellow diamond has nothing to do with trading.....And nobody in here can predict high/low/close. You either misunderstood them or they live on another planet
That is what ffleo said. lol I am still waiting for him to teach me how to do so. I take it it has gone long on EU because he hasn't been online all day. Nor has davidt.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,196
  • May 13, 2014 6:28am May 13, 2014 6:28am
Ok on the 5m chart.... If eur closes above 1.37131 before making a fresh low I would take a long position and hold for a 2-3 pivot level correction.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,197
  • May 13, 2014 6:29am May 13, 2014 6:29am
Quoting Binks
{quote} that's not a very good idea
What isn't a good idea? Him holding? Well think about how hard it is to close a position for a loss when you have seen the market drop and bounce repeatedly.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,198
  • May 13, 2014 6:29am May 13, 2014 6:29am
Quoting ScalpLikeMe
{quote} That is what ffleo said. lol I am still waiting for him to teach me how to do so. I take it it has gone long on EU because he hasn't been online all day. Nor has davidt.
With all do respect, but if can not have your own opinion and just waiting for someone to tell you what to do - you shouldn't be trading - and that's friendly advice.
  • #897,199
  • May 13, 2014 6:29am May 13, 2014 6:29am
Quoting hoss
Holding long. Should be back up to 3850 in the next couple days.
any evidence of that? holding longs must be justified with solid reasons at these levels
  • #897,200
  • May 13, 2014 6:35am May 13, 2014 6:35am
The picture I have posted is that of EU trading at the ma 10.... Now you can see the last red candle failed to mark a new low. So as long as a green candle engulfs that candle on the 5m EU is a scalp buy set for a reversal of at least 2 pivot levels. If a green candle leaves a wick across the high of that red candle, and doesn't CLOSE over it, we will get a nice flash move down. This rule is to be used with any red candle that closes on or above the ma 10 line. That formation is a very strong one to follow if you like playing the reversals of a falling knife.
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Keep your Pip-drawdown low. That is the key to using high equity + high lev
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