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  • #900,521
  • May 23, 2014 11:50am May 23, 2014 11:50am
EURUSD
Another view on this pair is a possible Double top on Daily that could take us to as low as 1.3350-60, same distance equals the height of the pattern. The fact that the second top is higher at a confluence Fib of major time frames gives a bit more confidence. Entry near the neckline 1.3674 on next retest is a good R:R situation especially if we can combine with something else, pivots/ Fibs / Divergence. I will update on this in due time.
Cheers.
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Click to Enlarge Name: Double top Daily.png Size: 204 KB
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  • #900,522
  • May 23, 2014 11:52am May 23, 2014 11:52am
Quoting CandleStar
If it wasn´t Friday and that time of day I would have thought of a small long too. But the risk for a gap down on Sunday is too high.
Another dimension to look at the risk. So far this week pips are 118. If you think this is too little for the 3rd week of the month then there are 2 options:

  1. Will it cover the top
  2. Will it cover the bottom

  • #900,523
  • May 23, 2014 11:53am May 23, 2014 11:53am
Quoting pedro319
EURUSD Another view on this pair is a possible Double top on Daily that could take us to as low as 1.3350-60, same distance equals the height of the pattern. The fact that the second top is higher at a confluence Fib of major time frames gives a bit more confidence. Entry near the neckline 1.3674 on next retest is a good R:R situation especially if we can combine with something else, pivots/ Fibs / Divergence. I will update on this in due time. Cheers. {image}
when it gets below 3400, I believe the trend is changed.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #900,524
  • May 23, 2014 11:55am May 23, 2014 11:55am
Quoting ffleo
{quote} how much a gap that would worry you?
It is not the size of the gap that worries me. It is more the importance of the EMA that has to be crossed below on Daily.

It seems to be too attractive to cross it with a gap.

We always bounced from that EMA up to now.
  • #900,525
  • May 23, 2014 11:59am May 23, 2014 11:59am
Quoting Citiboy
{quote} With all due respect this is very bad advice.
Yes I agree now after looking it over, I see.
All posts are my personal opinion
  • #900,526
  • May 23, 2014 12:05pm May 23, 2014 12:05pm
Going to ride the weekend with my shorts in play
  • #900,527
  • May 23, 2014 12:07pm May 23, 2014 12:07pm
Something to think about over the long wknd.... this is more so for trend trader type guys, but range strategies should also heed. This whole low volatility environment has been beaten to death, but the VIX today is now about to probably close sub 12. The combination of low volatility in stocks, bonds AND currencies is pretty much unprecedented.


Dont be out there collecting pennies in front of the proverbial steam roller. Wait for the real move.
Twitter: @TrendersGame
  • #900,528
  • May 23, 2014 12:07pm May 23, 2014 12:07pm
Quoting MaxDoom
Going to ride the weekend with my shorts in play
Have a great weekend Max.
  • #900,529
  • May 23, 2014 12:09pm May 23, 2014 12:09pm
Quoting Citiboy
Something to think about over the long wknd.... this is more so for trend trader type guys, but range strategies should also heed. This whole low volatility environment has been beaten to death, but the VIX today is now about to probably close sub 12. The combination of low volatility in stocks, bonds AND currencies is pretty much unprecedented. Dont be out there collecting pennies in front of the proverbial steam roller. Wait for the real move.
something big is going to happen. But I do not think it is going to be bull
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #900,530
  • May 23, 2014 12:13pm May 23, 2014 12:13pm
MORE comedy: http://news.investors.com/052214-701...oo&src=aurlled


$10 headphones sold for $400 , profits all kept over seas, even the acquisitions barely get taxed.


This entire "free markets" capitalism idea is BULLSHIT if everyone isnt playing by the same rules. Its also being whispered that the entire point of Pfizer trying to buy Astra Zeneca is so thy can shift Pfizer's tax residency out of NY to the UK. Im all for Free markets, but its just wrong that the American economy constantly struggles because so much power is in the hands of corporations.


"Apple has about $132 billion in cash and investments from foreign profits parked overseas. Foreign cash accounts for about 88% of its total cash and securities holdings of $151 billion."

The banks are so big they dont even bother lending money to small businesses anymore. So you get these situations where the vast majority of the labor market is controlled by a few hundred corporations that are all seeking to keep wages low and profits high because of the relenteless pressure of Wall Street. In the long run the little guys end up getting shafted.
Twitter: @TrendersGame
  • #900,531
  • May 23, 2014 12:14pm May 23, 2014 12:14pm
Quoting gatorinla
{quote} stuck on stupiiiid myself atm.. that h candle took me out a scalp.. i had to close.. 10 pips is better than none, atm using 3661 i can see it bouncing at 3623.3 ish... i am mostly on hands. until i see a small one develop..
so far, so good.
Attached Image
those who can, do. those who cant, talk about those who can
  • #900,532
  • May 23, 2014 12:16pm May 23, 2014 12:16pm
Quoting ffleo
{quote} when it gets below 3400, I believe the trend is changed.
Yes, around the Yearly central pivot, if this double top completes it's target I think that will be it.
I was expecting Aussie to visit the Monthly support 1 pivot after the 38.2 Ret on 4 hours but not yet, I will look for bounce to add shorts.
Pound has got a long way to go...down!
We watch the charts from every angle so you don't have to!!
  • #900,533
  • May 23, 2014 12:18pm May 23, 2014 12:18pm
[quote=Citiboy;7489180]MORE comedy: http://news.investors.com/052214-701...oo&src=aurlled $10 headphones sold for $400 , profits all kept over seas, even the acquisitions barely get taxed. This entire "free markets" capitalism idea is BULLSHIT if everyone isnt playing by the same rules. Its also being whispered that the entire point of Pfizer trying to buy Astra Zeneca is so thy can shift Pfizer's tax residency out of NY to the UK. Im all for Free markets, but its just wrong that the American economy constantly struggles because so much power is in the hands of corporations. "Apple has about $132 billion in cash and investments from foreign profits parked overseas. Foreign cash accounts for about 88% of its total cash and securities holdings of $151 billion." The banks are so big they dont even bother lending money to small businesses anymore. So you get these situations where the vast majority of the labor market is controlled by a few hundred corporations that are all seeking to keep wages low and profits high because of the relenteless pressure of Wall Street. In the long run the little guys end up getting shafted.[/quote]


the little guys are already getting shafted, right now.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #900,534
  • May 23, 2014 12:18pm May 23, 2014 12:18pm
Quoting gatorinla
{quote} so far, so good. {image}
You still see a bounce to 36.61?
  • #900,535
  • May 23, 2014 12:30pm May 23, 2014 12:30pm
Quoting stylinex
{quote} You still see a bounce to 36.61?
i dont see shit. dpp untouched at 3662.. the week is about to close in a few hours. week is a bigger tf. using 3966 level and 2008 #s.. bulls may want to push a gunfight to 3661..a level below 3966.
those who can, do. those who cant, talk about those who can
  • #900,536
  • May 23, 2014 12:38pm May 23, 2014 12:38pm
Quoting stylinex
{quote} You still see a bounce to 36.61?
tin foil look
Attached Image
those who can, do. those who cant, talk about those who can
  • #900,537
  • May 23, 2014 12:46pm May 23, 2014 12:46pm
Quoting BoredToLoose
{quote} Yes, we will to 1.2500! And even to 1.2000! And I am here with tons of Euro shorts not pages. GL
Unfortunately, in the real world - currency markets do not actually start running like that. The $1.20 level means, a European country about to be bankrupt or a serious problem in the banking system or constitutional failure or an open war threatening GDP gross or capital flight. Any comment, what so ever is practically not worth more than a 100 pips, without any policy supporting it ... i won't tell you look at the Japanese currency, with all this money printed - the Dollar/ Yen is up 30% or the Australian one, that has a central banker who is Bears best friend. Just look at the Switzerland's currency and how costly it is becoming to maintain the EUR/CHF floor at 1.20.
"It's the Margin, Stupid."
  • #900,538
  • May 23, 2014 12:48pm May 23, 2014 12:48pm
std... i cant b.e. stop atm.. stop to 3623.0.. 1/4 % per 2 pips. i lose 1/8% now or gain 18%
those who can, do. those who cant, talk about those who can
  • #900,539
  • May 23, 2014 12:57pm May 23, 2014 12:57pm
Quoting Vachus
{quote} Unfortunately, in the real world - currency markets do not actually start running like that. The $1.20 level means, a European country about to be bankrupt or a serious problem in the banking system or constitutional failure or an open war threatening GDP gross or capital flight. Any comment, what so ever is practically not worth more than a 100 pips, without any policy supporting it ... i won't tell you look at the Japanese currency, with all this money printed - the Dollar/ Yen is up 30% or the Australian one, that has...
in the real world the u.s. is quietly on the path to 10 million barrels of oil per day... a boost in gdp and a import reducer. it has a x2 affect. and w/o the added cost of shipping overseas. it will be cheaper to produce things where the energy with other things are easily available cheaper. atm in germany who is going to build a new plant with russia signing a deal with china.. is it just a little possible russia can close the valve to ez. is it possible some market movers are anticipating the possibility
those who can, do. those who cant, talk about those who can
  • #900,540
  • May 23, 2014 1:02pm May 23, 2014 1:02pm
Quoting pedro319
{quote} Yes, around the Yearly central pivot, if this double top completes it's target I think that will be it. I was expecting Aussie to visit the Monthly support 1 pivot after the 38.2 Ret on 4 hours but not yet, I will look for bounce to add shorts. Pound has got a long way to go...down!
euro's today is pound's tomorrow. when all the longs rush their way out, that is the time to tank
ignore wackos and psychos, including myself. But I can't add myself to iggy
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