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  • #897,701
  • May 14, 2014 6:59pm May 14, 2014 6:59pm
Quoting ffleo
{quote} Also if you know the strong correlation between euro and cable, a strong move of one pair will drag the other pair.
Well no I disagree. There is a strong correlation between EUR/USD and GBP/USD pairs given that they are both located in European countries with relatively similiar economies but there are quite a few times that I find that they have moved in their seperate directions. And given today, EU is clearly stronger than GU in this case, GU has move much more further down than EU and is in a clear down trend but EU has stalled after it has hit a support of 1.380X it seems.

So to infer an impending move just by looking at GU or even another GBP related pair is not that reliable. In your case, GU and GJ are totally different currency pairs and I don't think can serve as proxies for each other as US and Japan still do have different economies and different economic structures. And no I do NOT agree with you posting comments about pairs other than EU on this thread that's specifically dedicated to EU. You can occasionally mention other pairs in the discussion that's fine but repeatedly posting comments about non-EU pairs on here for whatever reason is not correct.

There is another thread created that is dedicated to discussion of GBPJPY movement. Feel free to post your analysis there. And one last thing, I AM entitled to ask about other traders' positions. If they are not willing to share with me, that's fine but given that we are in an "Interactive Trading" forum, that is a legitimate question. After all, we are all traders trading.
Make your losses in demo. Earn your profits live.
  • #897,702
  • May 14, 2014 7:02pm May 14, 2014 7:02pm
Quoting Forexia
{quote} Well I am more of a PA trader so not sure if my chart is any help. I was Long originally in EU and then I felt there was a reversal in PA for this pair so I reversed my long and am currently short in this pair thinking it would go down further but it has not. I am thinking of adding to my Short if the price reaches 1.3718. What do you think? Should I add more shorts or should I just close out my current Short with a loss?
Ok, let me see if I understand correctly here. (I'm a very simple and humble carpenter so I can be a bit slow at times )

You trade PA.... in your head? Or from a chart? If in your head, you are WAY out of my league sir... ... If from a chart, while maybe it won't help us to understand, can it hurt?

You "were" long, but then went short because you "felt" there was a reversal in the PA so you went short "thinking" it would go down but it has not.

Now you are "thinking" of adding to a short that so far, (if I have this right) is not working for you yet? Does that about sum things up correctly? If so, that does sound like a dilemma for sure...

You see, being that I rely on SR+PA which you find dubious at best (the SR part correct?), then without seeing your chart, I'm afraid I have no opinion for you. You see I trade SR. Which by it's very definition means Support and Resistance. You say it's "not valid unless NOT broken" correct? But if it's not broken, how can it be both support and then resistance or visa versa?

Post a chart and let's have a look. Otherwise, after getting up at 2:30am, trading until 11:00am, and then working the farm until roughly 7:00 pm, it's getting close to my nappy time soon at 10:00pm.
Ghost Rider - WWTBMD?
  • #897,703
  • May 14, 2014 7:05pm May 14, 2014 7:05pm
Quoting albchr
{quote} Hey Kranler how are you? Actually yes, I'm enjoying the break very much. Busy day today was. I wish I'd hear from GD. It's like he fell off the planet a couple days ago. Last post in my thread was he went short the Dragon. Although "holding" for long isn't really his style, I sure hope he held it.
Kranler isn't doing too well I'm afraid. Kanzler is fine though.
  • #897,704
  • May 14, 2014 7:07pm May 14, 2014 7:07pm
Quoting Forexia
{quote} Well the market has been extremely quiet since the beginning of this year and like I said, it's just unbelieavable that it will impact this much on a frequently traded pair like EU this much too. And that's fine that this thread is relatively quieter as a result. All the threads about other major pairs in the "Interactive Trading" forum are all quieter too. I would like to hear your viewpoints on this pair too. Where do you think this pair is going? Do you think this pair will go back up after the down move earlier this week or continue...
It'll continue moving down over the next day or two. I rarely ever post my actual analysis anymore though. I come here for entertainment and to provide a few hints here for those who are still stuck in indicatorland.
  • #897,705
  • May 14, 2014 7:11pm May 14, 2014 7:11pm
Good Morning !
Today's S/R Levels on MT4 Templates

EURO
CABLE

http://www.forexfactory.com/showthre...07#post7469307

EURO PINK
CABLE PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #897,706
  • May 14, 2014 7:11pm May 14, 2014 7:11pm
Quoting Kanzler
{quote} Kranler isn't doing too well I'm afraid. Kanzler is fine though.
LOL... sorry man, tired eyes and fat old beat up fingers that could never type to begin with. .. my humble apologies. But good the hear that KANZLER is fine.
Ghost Rider - WWTBMD?
  • #897,707
  • May 14, 2014 7:26pm May 14, 2014 7:26pm
Quoting ffleo
Hi Forexia, I am going to have a break for a short while. Waiting to see your chart and analysis when I come back.
Yes, a few things to do before nappy time for me. I'll be back in the morning (3:00am my time for London) as I no longer see his name at the bottom any more.

Good night folks
Ghost Rider - WWTBMD?
  • #897,708
  • May 14, 2014 7:49pm May 14, 2014 7:49pm
You are right. I do
Quoting ffleo
{quote} wants to know how others think about the market.
I do like to hear what others think about the PA movement of a currency pair since I thought this is an "Interactive Trading" forum and all, it's fair to find out about others' view, analysis, ideas, discussions and even positions of a currency pair that one is trading.

Quoting ffleo
{quote}cause himself cannot do a thing, no chart, no analysis.
After having traded forex for four years, I admit I still have a lot to learn from others especially the ones that hold themselves to be "high impact". But I do listen and read everybody's comments. I don't really look at a member's "impact" indicator; I believe everybody has some valuable to say.

My current view is that EU is short. I have added another Short position at the current resistence at 1.3718. I believe in PA + indicators. I do keep an eye on S/R lines but I only use them as a guide. Here is my chart. Hope it helps.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_May142014.JPG Size: 342 KB
Make your losses in demo. Earn your profits live.
  • #897,709
  • May 14, 2014 7:54pm May 14, 2014 7:54pm
Quoting Forexia
I don't really look at a member's "impact" indicator; I believe everybody has some valuable to say. My current view is that EU is short. I have added another Short position at the current resistence at 1.3718. I believe in PA + indicators. I do keep an eye on S/R lines but I only use them as a guide. Here is my chart. Hope it helps. {image}
You know, the truth is the impact level really isn't a valid measure of whether or not someone is a successful trader to be learned from. But I would hazard a guess that the bold part of your quote is the reason you're still struggling as much as you are. Most people here have a completely cooky, flawed understanding of the markets and should be ignored when it comes to their analysis. I'm not saying they aren't good people or interesting to talk to, but I wouldn't consider that "valuable".

Quoting Forexia
{quote} Well that's fine. I am not running for Congress. I am just a forex trader who's looking to exchange some views on currency pairs that I am trading on a forex trading forum. And I would like to do it on threads that focus on trading discussions pertaining to that currency pair according to their title. Would you like to provide your view points or analysis on EUR/USD or are you going to continue to bash me? I have already provided my view points, charts and positions on this pair.
My point was that almost everybody here likes the way this thread is. You're the lone holdout. I don't really understand what you're trying to accomplish, it's pointless. As said I don't provide analysis here anymore. But just for you, I'll say this - there has been a large amount of accumulation on the way up to this point. Observing when that accumulation is done is going to be key to picking the top. For the short term, I'm watching some opportunities to go short as some important levels on the H4/H1 have been engulfed and a retrace will provide opportunities to enter. Not going to add more than that.
  • #897,710
  • May 14, 2014 7:55pm May 14, 2014 7:55pm
Quoting Forexia
{quote} {quote} Well this is not an issue of "Ignore" people or not. This has to do with preserving an integrity of a thread. If it's the members who are deliberately posting comments totally not related to a thread, it's those members who should leave because they clearly want to carry on a discussion on other threads. I have actually seen your contributions to this thread solely focusing on EU trading since I have joined here and I have valued them. You are one of the veterans of FF still here. I thought your interest would be aligned with mine...
Come on.... move on man.... It doesn't make sense to talk just about EU. How EU move without other worldy activities????

Doesn't oil index affects EU????
Doesn't 9/11 affects EU????

I agree not to allow other commercial and spam calls. General discussion gives trend insight. Pick the hints and ignore rest.
  • #897,711
  • May 14, 2014 8:05pm May 14, 2014 8:05pm
Quoting Magicmen
{quote} Come on.... move on man.... It doesn't make sense to talk just about EU. How EU move without other worldy activities???? Doesn't oil index affects EU???? Doesn't 9/11 affects EU???? I agree not to allow other commercial and spam calls. General discussion gives trend insight. Pick the hints and ignore rest.
I agree. As long as it's related to EU, I would like to hear them. You mentioned 9/11 and oil index. How do oil index and 9/11 affect the price movement of EURUSD? Which oil index would be referring to as there are quite a few? Would you like to share your analysis on how and actually why these two indices/events affect how this pair moves?
Make your losses in demo. Earn your profits live.
  • #897,712
  • May 14, 2014 8:12pm May 14, 2014 8:12pm
Quoting albchr
{quote} Just a quick note here before sleep. I "think" I see the flaw in your thinking here. You've said this several times now. It is not US that "hold ourselves" in high regard. The ratings we have (deserved or not) are giving to us by others who do for whatever reasons. We don't ask for them, (well, most of us don't anyway...Lord knows there ARE some who do... LOL), and we appreciate that "gift" from others. We've earned their respect for many different reasons. But one of them is surly NOT coming in and judging others (or the thread they hang...
Completely agree. Sleep well friend.
  • #897,713
  • May 14, 2014 8:13pm May 14, 2014 8:13pm
Quoting Forexia
{quote} Well this is not an issue of "Ignore" people or not. This has to do with preserving an integrity of a thread. If it's the members who are deliberately posting comments totally not related to a thread, it's those members who should leave because they clearly want to carry on a discussion on other threads. I have actually seen your contributions to this thread solely focusing on EU trading since I have joined here and I have valued them. You are one of the veterans of FF still here. I thought your interest would be aligned with mine to see...
we all get bored when this pair is doing nothing. many are using tl, ma, s/r and so forth. so between the no movement the analysis from days ago dont change. all you have left is scalpers news.. scalpers hot on a new trade dont have time to post much except when its not moving.. during this no movement time other things are discussed. regardless of the threads name, its Snipper's thread, and he is the one who could controls the flow. Even he in his first post, he mentioned other pairs. you and i saying what we are saying has nothing to do with the euro or trading. so your post and mine are doing exactly what your against. "the members who are deliberately posting comments totally not related to a thread,"
those who can, do. those who cant, talk about those who can
  • #897,714
  • May 14, 2014 8:40pm May 14, 2014 8:40pm
closed ea L for 55 hard azz pips... maybe another shot at 4611.. i have to be careful i expect lower (4561). but i am playing the bounce between. that bounce is usually 5407... it usually goes to 5407 before 4561.. since we got dragis involved now.. that bounce may be less.
those who can, do. those who cant, talk about those who can
  • #897,715
  • May 14, 2014 9:15pm May 14, 2014 9:15pm
Quoting primejarvis
{quote} What happened to your right hand .... did any of your wife step on the hand ...
My new falcon bit me.

I notice that their sizes have shrunk over the years. When they catch an animal now, can hardly hold on to their preys always looking at me and yelling Chrrrrrrrrrrrrrrrrrrrr Chrrrrrrrrrrrrrrr, as if they want me come quick before they let the prey go.
The Thief of Wall Street
  • #897,716
  • May 14, 2014 9:48pm May 14, 2014 9:48pm
Quoting Forexia
Like I said and I will say it for one last time: For those of you who want to treat this thread as entertainment, general discussion, spam what not, you need to leave and create your own thread titled as such in the "Member's Lounge" and you can go there and discuss whatever, posting mocking Youtube videos, funny faces, whatever you find entertaining. This is a thread titled "EURUSD" and is a thread dedicated to discussion about the price movement of EURUSD pair, not EURGBP pair, not GBPJPY or any other pairs, it's EURUSD ONLY. Boredom should NOT...
Forexia, what you are saying is right. I have nothing against it. The only thing I want to add is that, currency market is attached with global economics, politics, people's psychology, commodities and every other pair. This is all related. You cannot analyze a pair without looking at the market in general and what is going around one particular pair. Then there are slow and fast market movements. Please don't forget, we are not robots and our minds function at their best in social setups. However, a balance is what is more important. I don't know about others, but try my best to keep a balance. But still if you don't like it, will not post any unrelated post and I am sorry if I have in any way offended your feeliings. I am a human being like many others here .............. not sure about you, try to be one.
The Thief of Wall Street
  • #897,717
  • May 14, 2014 9:58pm May 14, 2014 9:58pm
BoJ Kuroda is speaking at 12:25 am EST. Any thoughts on how it would impact the price movement of EURUSD? Or would it have any impact on the pair at all? EURUSD is currently slowing inching upwards and is slowly tearing away at the 1.3718 resistence.
Make your losses in demo. Earn your profits live.
  • #897,718
  • May 14, 2014 10:12pm May 14, 2014 10:12pm
Quoting Forexia
BoJ Kuroda is speaking at 12:25 am EST. Any thoughts on how it would impact the price movement of EURUSD? Or would it have any impact on the pair at all? EURUSD is currently slowing inching upwards and is slowly tearing away at the 1.3718 resistence.
I have 1.3712 as a major support/resistance.

The attached 12h chart shows a push from near 1.4000 has broken 1.3800 and again 1.3750. No doubt we are in a buying zone at the moment. But since it has penetrated 1.3712 during NY session, I think we may see 1.3500, which could be a good buying opportunity. After that, we have 1.3400.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1111.jpg Size: 65 KB
The Thief of Wall Street
  • #897,719
  • May 14, 2014 10:17pm May 14, 2014 10:17pm
Quoting Forexia
{quote} I did: {quote} Any thoughts?
Yes. My thoughts are that there's never been a better candidate for my ignore list. So while you continue to nag like you're our mother, I'm going to post whatever I well please until told otherwise by FF administration. They are in charge here, not you. I'm done, bye.
  • #897,720
  • May 14, 2014 10:20pm May 14, 2014 10:20pm
Quoting Chicky
{quote} I have 1.3712 as a major support/resistance. The attached 12h chart shows a push from near 1.4000 has broken 1.3800 and again 1.3750. No doubt we are in a buying zone at the moment. But since it has penetrated 1.3712 during NY session, I think we may see 1.3500, which could be a good buying opportunity. After that, we have 1.3400. {image}
I have 1.3718 as the resistence. It got tested several times during the NY session and got broken about 1/2 hour - 1 hour ago but now it's coming back down, seems to be. Do you think this BoJ Kuroda's speech at 12:15 AM EST will give the push it needs to go below 1.3700 which seems to be a strong support atm?
Make your losses in demo. Earn your profits live.
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