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  • #900,641
  • May 25, 2014 2:44pm May 25, 2014 2:44pm
Quoting Chicky
{quote} Those who have any reservations may try the following for just one week. This little experiment may place them from amateur to professional category. 1. Mark certain key levels near current pa. These levels could be historical support/resistance, weekly or daily high, low, open, close, etc. If not sure, use Gator's posted levels. 2. Wait for a) London Open, b) Asia Close, and c) NY Open 3. At a), b) and c), above, watch the market. Try to see what buyers and sellers are trying to do at these levels in that moment. Watch the market as it...
Hi Chicky,

This is an excellent article. Thanks for posting it
  • #900,642
  • May 25, 2014 3:04pm May 25, 2014 3:04pm
The worst case scenario for the Euro Bull / Best case for the Dollar camp ( Quite insightful)

http://orcaforex.com/what-if-the-eur...r-during-2014/
"It's the Margin, Stupid."
  • #900,643
  • May 25, 2014 3:16pm May 25, 2014 3:16pm
this could also be perceived as the whatever it takes moment...so I wouldn't suggest anyone to start shorting now despite whatever charts say
  • #900,644
  • May 25, 2014 3:21pm May 25, 2014 3:21pm
France far right won the EU elections. About 40% of EU parliament will be of anti-EU parties. Now EU has to act, either let far-right & far-left take over country by country or finally start doing crap for its citizens. Otherwise, hopefully in the next 20-30 years the EU joke will end.
  • #900,645
  • May 25, 2014 3:23pm May 25, 2014 3:23pm
Quoting Greener
this could also be perceived as the whatever it takes moment...so I wouldn't suggest anyone to start shorting now despite whatever charts say

gap down?
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #900,646
  • May 25, 2014 3:24pm May 25, 2014 3:24pm
I feel like I am the only person in the world right now who is EURO bull. Dont really care so you all
All posts are my personal opinion
  • #900,647
  • May 25, 2014 3:28pm May 25, 2014 3:28pm
Quoting Lacunoide
{quote} gap down?
anything is possible
  • #900,648
  • May 25, 2014 3:30pm May 25, 2014 3:30pm
Quoting Rtm
I feel like I am the only person in the world right now who is EURO bull. Dont really care so you all
You are very much not alone.
Attached Image
I have no clue what I'm talking about.
  • #900,649
  • May 25, 2014 3:32pm May 25, 2014 3:32pm
Just a little GAP down (2-3 pips).

If market becomes crazy would be from 21:00 GMT when the European elections official results would be disclosed.
  • #900,650
  • May 25, 2014 3:42pm May 25, 2014 3:42pm
Quoting Rtm
I feel like I am the only person in the world right now who is EURO bull. Dont really care so you all

Hello RTM

Many will be still holding longs,an chased shorts down

I did the same GBP/US

Can't see the EUR going down without a few nice spikes
  • #900,651
  • May 25, 2014 3:43pm May 25, 2014 3:43pm
Quoting Kfx
Just a little GAP down (2-3 pips). If market becomes crazy would be from 21:00 GMT when the European elections official results would be disclosed.
Merkel won. That means continuation. Anything else is secondary including Le Pen in France. Le Pen could only mean that German austerity measures will be rediscussed or stopped as they are. Tomorrow Draghi will probably celebrate the euro and progress with Eurozone. Projections by country on European elections are already public so I don't expect much volatility later on. Gap down was marginal. Draghi will be the driver tomorrow but being bank holiday in UK I don't know if investors would like to short euro when London is closed.
  • #900,652
  • May 25, 2014 3:43pm May 25, 2014 3:43pm
Quoting Boy Wonder
{quote} You are very much not alone. {image}
im not worried!
All posts are my personal opinion
  • #900,653
  • May 25, 2014 3:56pm May 25, 2014 3:56pm
I was searching for some ufo's and things that don't exist in the Japanese side of things.

I made some nonsense projection upwards, Daily TF, it's on this first picture.

Then I realized I couldn't see the target in that TF, so I switched to Weekly, still didn't see it. So I changed to a Monthly chart. Wow, that's odd, how do I dare to think this could be right. It has no sense. Or does it?

Then I drew a red horizontal line following the target level and looked for some coincidence in the past. What an idiotic idea... second picture.

There you go. The silence in the room became so loud as I stared at that thing. See the level and the level of respect to it.
Attached Image(s) (click to enlarge)
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  • #900,654
  • May 25, 2014 4:07pm May 25, 2014 4:07pm
Oh dear!

This Pair will move today!

beware all open trades with tight SLs
  • #900,655
  • May 25, 2014 4:17pm May 25, 2014 4:17pm
Quoting Rtm
I feel like I am the only person in the world right now who is EURO bull. Dont really care so you all
No you're not the only one
  • #900,656
  • May 25, 2014 4:18pm May 25, 2014 4:18pm
Quoting BoredToLoose
Oh dear! This Pair will move today! beware all open trades with tight SLs
Yeehaa... make sure you get see-sawed out of every position you take! Don't use stop-losses!
  • #900,657
  • May 25, 2014 4:23pm May 25, 2014 4:23pm
Quoting BoredToLoose
Oh dear! This Pair will move today! beware all open trades with tight SLs
yup



http://i.imgur.com/P4zohV0.png
  • #900,658
  • May 25, 2014 4:28pm May 25, 2014 4:28pm
I did the same little exercise with GBPJPY and EURJPY.

Pictures are below, see the red horizontal line. Just look carefully at the very first monthly candle on the left side of the GBPJPY, you almost can't see it. Look at it.

Yesterday Chicky told me about levels that are respected time and again, right at the pip. Now it seems to me that he was asking me to choose between the red pill and the blue pill. I was never a fan of 'Matrix', I used to laugh at it. Now I laugh less. Seems that I chose the wrong pill. Any phone in the room? I've got to make a phone call.
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  • #900,659
  • May 25, 2014 4:28pm May 25, 2014 4:28pm
Quoting AutoMark
{quote} yup {image}
  • #900,660
  • May 25, 2014 4:28pm May 25, 2014 4:28pm
Quoting AutoMark
{quote} yup {image}
Wishful thinking?
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