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  • #898,261
  • May 15, 2014 2:09pm May 15, 2014 2:09pm
Quoting Kanzler
{quote} Always 20/20. I haven't had an opportunity to go short quite yet, but I see a setup or two that might allow entry.
I'm going to wait the daily close I think but to be honest, Just about anywhere around here I'd feel safe shorting it. It's been hanging here for a bit now. Only thing that would change my mind to "think harder" on it is a 4H (1 hour for me) or daily (4 hours for me) close above this 50% and TL.

The 1H although a close above the 50ema has a nice bearish pin and price is straddling the DP as of now. In this low volume time, not much change expected. Difference between here and say the 50% should it get there is about 20 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 63 KB
Click to Enlarge Name: eurusdh1.png Size: 44 KB
Ghost Rider - WWTBMD?
  • #898,262
  • May 15, 2014 2:18pm May 15, 2014 2:18pm
Quoting albchr
{quote} I'm going to wait the daily close I think but to be honest, Just about anywhere around here I'd feel safe shorting it. It's been hanging here for a bit now. Only thing that would change my mind to "think harder" on it is a 4H (1 hour for me) or daily (4 hours for me) close above this 50% and TL. The 1H although a close above the 50ema has a nice bearish pin and price is straddling the DP as of now. In this low volume time, not much change expected. Difference between here and say the 50% should it get there is about 20 pips. {image} {image}...
Still buying dips until the min. of 1,376x is hit, and most likely 1,381x/3x
COT: The precious data ignored
  • #898,263
  • May 15, 2014 2:20pm May 15, 2014 2:20pm
Quoting gevosilent
Hi ppl new here....have a question regarding Eurjpy........has it got any chance to go lower from here onwards?
This is NOT a tip.

All I'll say is it bounced a bit and is sitting on the SR I've been watching for it to hit. I'm looking for it to go long after a 61.8% retrace and touch of the 200sma...BUT 50/50 chance either way. Lower TF PA needs to be watched from here and we shall see. But the YEN was sturdy today.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpydaily.png Size: 62 KB
Ghost Rider - WWTBMD?
  • #898,264
  • May 15, 2014 2:21pm May 15, 2014 2:21pm
EU holds at key medium term support 1.3700 . it has strong support here and price jumped from 1.3650 quickly .
I assume that a pin bar which created today with a very long tail should provide up a good reason to take long . I took ling at 1.3669 with 20 pip risk and target (1st) at above 1.3900. anyone here took long ? if so , what was the reason (yours) to take the trade ?
  • #898,265
  • May 15, 2014 2:23pm May 15, 2014 2:23pm
Quoting kuroro001
{quote} Still buying dips until the min. of 1,376x is hit, and most likely 1,381x/3x
Cool. ... Why? I'm not seeing it on my charts but that don't mean much.
Ghost Rider - WWTBMD?
  • #898,266
  • May 15, 2014 2:26pm May 15, 2014 2:26pm
Quoting Donyouth4eva
{quote} To tell you truth ive been holding the swings on it for couple days and been closing 100% on that pair. I trade low margin in beginning and been adding to it

To be honest, this is the best pair to trade for range... EUR/AUD
But I always got caught in the opposite side lol!!!
AUD have been acting weird for the past 2 days...

No news, it just went up ...
And then just drop...
  • #898,267
  • May 15, 2014 2:32pm May 15, 2014 2:32pm
Hey guys... Anyone on going long on EUR/USD? I bought some for a long possition at 1.3719
Possible target aroud 1.3770

Whacha think?
  • #898,268
  • May 15, 2014 2:34pm May 15, 2014 2:34pm
Quoting albchr
{quote} Cool. ... Why? I'm not seeing it on my charts but that don't mean much.
Every FX pairs, i would assume same things with Commodities & stocks (but haven't really checked), always retrace to the VERY high volume areas when they are in the middle of a move.

If the huge vol appears on top/bottom it could be a reversal so its doesn't count.

Now if we look at the H4 chart, there is one candle with the highest volume since April, printed 2 days ago, where its open is 1,376x.
At some point you'll see the price going back there. Very high volume is acting like a magnet.

Won't say more about the tips on volume, otherwise it'd be too easy
COT: The precious data ignored
  • #898,269
  • May 15, 2014 2:36pm May 15, 2014 2:36pm
Quoting Forexia
{quote} No easing huh? I think there is a consensus to see EURUSD not go down.
Watching China and BRICS nations closely. Cheap Copper prices help China maintain it's GDP.
  • #898,270
  • May 15, 2014 2:37pm May 15, 2014 2:37pm
Quoting phdmonster
Hey guys... Anyone on going long on EUR/USD? I bought some for a long possition at 1.3719 Possible target aroud 1.3770 Whacha think?

Going long @ 1.3719 is a bad position ....
1.3719 have been a resistance for couple of days!

EU went down to 1.365 and bounce off ... strong support there
Next support would be around 1.37 ... I would go long around 1.3700/05 ...
Else I'm just waiting fro 1.3719/20 to short this
  • #898,271
  • May 15, 2014 2:38pm May 15, 2014 2:38pm
Quoting Davit
{quote} Anon Hourly close? 4h or daily? thks
I don't pay attention to much below 4H. But I pay attention to key levels and go from there
When the facts change I change my mind, what do you do sir
  • #898,272
  • May 15, 2014 2:39pm May 15, 2014 2:39pm
Quoting ffleo
{quote} wow, man, you put things in words better than I can.
When the facts change I change my mind, what do you do sir
  • #898,273
  • May 15, 2014 2:43pm May 15, 2014 2:43pm
Quoting Forexgogo
{quote} Will add 1 lot to L when it bounces @ 1.3700 -- meaning, a positive candle @ 1.3700 on 15M. {image}
What would you do with this M30 candle? Long and short? Or hold long until it get stop-out?

Attached Image
  • #898,274
  • May 15, 2014 2:45pm May 15, 2014 2:45pm
Quoting aarontdang
Hope all you guys and gals have better luck than me in the past 2 days. I have been buying and selling EUR/AUD.... My luck is just damn so bad... and I'm just plain stupid .... See how this pair behave in the past 2 days. Up-Down-Up-Down-Up .... Whenever I buy .. it went down .... Whenever I sell ... it went up ...... It's happened like 5-6 times in the past 2 days... I don't understand why the hell ... EU or EA behave like this!
Had you used my BB system you would of profited since its only buy.
Not advertizing what I am doing but you were selling at support plus good distance deviation from 20MA
Reduce your lot size so you are not in panic mode should you have some draw down.Some trades almost all trades need time to mature.I was selling EU and GU from upper 39 and 69 and it took few weeks for them to go south so you have to factor TF you are comfortable with.
You know the saying Bulls make money Bears make money Pigs get slaughtered.Well there is truth in that.When I sell I stay Bear when I buy I stay Bull until TP
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.daily.png Size: 36 KB
In trading, you have to be defensive and aggressive at the same time
  • #898,275
  • May 15, 2014 2:51pm May 15, 2014 2:51pm
Quoting phdmonster
Hey guys... Anyone on going long on EUR/USD? I bought some for a long possition at 1.3719 Possible target aroud 1.3770 Whacha think?
I think you should get out of that position, but who knows.
  • #898,276
  • May 15, 2014 2:57pm May 15, 2014 2:57pm
Quoting kuroro001
{quote} Every FX pairs, i would assume same things with Commodities & stocks (but haven't really checked), always retrace to the VERY high volume areas when they are in the middle of a move. If the huge vol appears on top/bottom it could be a reversal so its doesn't count. Now if we look at the H4 chart, there is one candle with the highest volume since April, printed 2 days ago, where its open is 1,376x. At some point you'll see the price going back there. Very high volume is acting like a magnet. Won't say more about the tips on volume, otherwise...
Sounds like a plan. All I have is broker tick volume which I've managed to identify small patterns in as "hints" but not much more. The good news is, one of us will be right. Good luck to you.... and me...lol ...
Ghost Rider - WWTBMD?
  • #898,277
  • May 15, 2014 3:01pm May 15, 2014 3:01pm
Quoting kuroro001
{quote} Every FX pairs, i would assume same things with Commodities & stocks (but haven't really checked), always retrace to the VERY high volume areas when they are in the middle of a move. If the huge vol appears on top/bottom it could be a reversal so its doesn't count. Now if we look at the H4 chart, there is one candle with the highest volume since April, printed 2 days ago, where its open is 1,376x. At some point you'll see the price going back there. Very high volume is acting like a magnet. Won't say more about the tips on volume, otherwise...
high volume area = POC (point of control) of market profile.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #898,278
  • May 15, 2014 3:02pm May 15, 2014 3:02pm
Quoting ffleo
{quote} high volume area = POC (point of control) of market profile.
trade to market profile: http://www.forexfactory.com/showthre...25#post7351925
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #898,279
  • May 15, 2014 3:12pm May 15, 2014 3:12pm
Quoting Davit
{quote} Had you used my BB system you would of profited since its only buy. Not advertizing what I am doing but you were selling at support plus good distance deviation from 20MA Reduce your lot size so you are not in panic mode should you have some draw down.Some trades almost all trades need time to mature.I was selling EU and GU from upper 39 and 69 and it took few weeks for them to go south so you have to factor TF you are comfortable with. You know the saying Bulls make money Bears make money Pigs get slaughtered.Well there is truth in that.When...
Is this a buy or a sell now ????

It's keep sitting there ...
  • #898,280
  • May 15, 2014 3:14pm May 15, 2014 3:14pm
Quoting albchr
{quote} Sounds like a plan. All I have is broker tick volume which I've managed to identify small patterns in as "hints" but not much more. The good news is, one of us will be right. Good luck to you.... and me...lol ...
not much difference between tick volume and real volume.
In the follow 6E chart (euro futures contract), dark shade is from real volume, while light blue shade is from tick volume. Each peak is POC produced by high volume trades which is magnet area attracting price to go there. Price will go extreme to grove area and turn around to go back to the peak. Both the grove and peak are S/R levels

Attached Image (click to enlarge)
Click to Enlarge Name: 6E- i7860-TDA_221.png Size: 149 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
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