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  • #901,601
  • Edited 1:47am May 30, 2014 1:31am | Edited 1:47am
[quote=Vachus;7501593]{quote} Your viewpoint is worthless, but thanks for sharing. ( You can't frame ignorance as an argument, backed up by: This is my opinion)[/quote

i do not speak without reference
except forecasting of euro price(however still there are some references for it)
but you speak from your hallucination(worthless for me)
  • #901,602
  • May 30, 2014 1:34am May 30, 2014 1:34am
Quoting PROredart
{quote} I am not using any SL and TP now but thinking to make at least RRR 1:1, thanks for your sharing the above link. Another question:- 10-15pips TP are scalping, isn't it?
Depends I think. It can be considered scalping as well. But I think its more like an intraday trade.

The reason why I have that TP level is because I think that might be the highest it goes as of now. I will adjust and trail if I see something else. I like to be on my toes when I have trades open. Got to adapt with the market as it moves. Every and each new bar tells a new story. And that story will tell me if I should decrease the TP or increase it. I don't like to call myself a scalper or an intraday or swing or long term trader. I trade what I see and what I'm in the mood for.. hope that makes sense. Again, you have to find your own style depending on how you think, how you feel, how you react, your temperament, risk tolerance, etc. Each person is unique. Anyways, I am still finding my way as well.. hehe but those are the lessons that I learned thus far. Trading in the Zone is a great book to read if you haven't already.
Focus, Patience, Determination & Order in chaos
  • #901,603
  • May 30, 2014 1:38am May 30, 2014 1:38am
[quote=arash66110;7501629]
Quoting Vachus
{quote} Your viewpoint is worthless, but thanks for sharing. ( You can't frame ignorance as an argument, backed up by: This is my opinion)[/quote i do not speak without reference except forecasting of euro price(however still there are some references for it) but you speak from your imagination
Hey guys.. no need to pick fights here

This is a forum. Anyone can express there opinions or whatever they want to. Some might think another's viewpoint is worthless but some might not. Let's play nice and get some pips!
Focus, Patience, Determination & Order in chaos
  • #901,604
  • May 30, 2014 1:44am May 30, 2014 1:44am
Quoting saver0
{quote} Depends I think. It can be considered scalping as well. But I think its more like an intraday trade. The reason why I have that TP level is because I think that might be the highest it goes as of now. I will adjust and trail if I see something else. I like to be on my toes when I have trades open. Got to adapt with the market as it moves. Every and each new bar tells a new story. And that story will tell me if I should decrease the TP or increase it. I don't like to call myself a scalper or an intraday or swing or long term trader. I trade...
Thank you very much for your kindly reply.

Regards
PROredart is not PRO trader
  • #901,605
  • May 30, 2014 2:23am May 30, 2014 2:23am
Last short term trend line breaking up. Want a decent bounce before ECB meeting.
You cannot learn better without losing
  • #901,606
  • May 30, 2014 2:34am May 30, 2014 2:34am
Quoting arash66110
{quote} There are three interest rates the ECB could cut The third interest rate that the ECB could cut, is the deposit rate. It currently stands at zero if ecb cut this one to negative I expect 1.3 for euro otherwise it will go up(my viewpoint)
that is not necessarily so, this is the overnight rate making it a negative will encourage banks to do one of two things, a) increase cost of lending to compensate or 2) lend more so they do not need to use the overnight deposit rate....

obviously the ECB would be hoping for the latter, but given all the revised capital rules and increased bank scrutiny installed by the ecb and other authorities it is a risk of the ECBs own making that they will not, so they might just do 1) instead which is why the ECB have not pushed the button so far imo

either way I doubt this one alone would move the rate that far
  • #901,607
  • May 30, 2014 2:45am May 30, 2014 2:45am
Quoting shakiba
buy: 1.3610 http://forex-fa14.blogspot.com/ {image}
why? your chart suggests this price is in the middle of a down channel
  • #901,608
  • May 30, 2014 2:47am May 30, 2014 2:47am
good day..
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 64 KB
Wherever you go, there you are.
  • #901,609
  • May 30, 2014 2:50am May 30, 2014 2:50am
Gidday EUR/US

Thought EUR was meant to be going

down,read this FX daily

ECB says Banks deposited EU33.2b with it overnight.

Would this be enough to move the EUR
  • #901,610
  • May 30, 2014 2:55am May 30, 2014 2:55am
What do you guys think Both charts are daily
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 70 KB
Click to Enlarge Name: eurusdm2.png Size: 51 KB
  • #901,611
  • Edited 3:10am May 30, 2014 2:59am | Edited 3:10am
Forgot to mention long from 1.36012 S/L 1.3584 TP 1.3695 I may change TP for 1.3780

Also in GBPUSD, long from 1.67205, S/L 1.66920 and TP 1.68180
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  • #901,612
  • May 30, 2014 3:00am May 30, 2014 3:00am
looks very slow, I am already sleepy....
Wherever you go, there you are.
  • #901,613
  • May 30, 2014 3:08am May 30, 2014 3:08am
Here is the reason why I'm looking to pick up long trades at bottoms of H4/H1 CCI.

If you look at the Volume on H1, you will see that the volume has slowed down indicating that the Bears are slowing down perhaps. Also my trend heat map is indicating the high probability favor for the bulls. I'm not expecting much, at least to see the price touch the long term trends Fib (61% - Blue) and the current trends Fib (23% - Wheat) before it goes anywhere

Any thoughts?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screen.png Size: 40 KB
Click to Enlarge Name: screen2.png Size: 12 KB
Focus, Patience, Determination & Order in chaos
  • #901,614
  • May 30, 2014 3:09am May 30, 2014 3:09am
Quoting CAnthonyMVE
What do you guys think Both charts are daily {image} {image}
Your charts remind me of Lite-Brite.
Taking responsibility means believing that your outcomes are self-generated
  • #901,615
  • May 30, 2014 3:12am May 30, 2014 3:12am
Why this is hesitating to break upper trend line. Bst
You cannot learn better without losing
  • #901,616
  • May 30, 2014 3:17am May 30, 2014 3:17am
One last leg down

Edit: Expecting 3577
  • #901,617
  • May 30, 2014 3:20am May 30, 2014 3:20am
lot of pivots on the level 1,359x, now im expecting move up to 1,37xx.

What do you mean??
  • #901,618
  • May 30, 2014 3:22am May 30, 2014 3:22am
[quote=saver0;7501803]Here is the reason why I'm looking to pick up long trades at bottoms of H4/H1 CCI. If you look at the Volume on H1, you will see that the volume has slowed down indicating that the Bears are slowing down perhaps. Also my trend heat map is indicating the high probability favor for the bulls. I'm not expecting much, at least to see the price touch the long term trends Fib (61% - Blue) and the current trends Fib (23% - Wheat) before it goes anywhere Any thoughts? {image} {image}[/quote

All make sense.....I was also noticing on the 4h tf from the top to the bottom the swings are getting shorter, which is also an indication.......will it turn out that way? I am not sure.....
Wherever you go, there you are.
  • #901,619
  • May 30, 2014 3:28am May 30, 2014 3:28am
Quoting shakiba
buy: 1.3610 http://forex-fa14.blogspot.com/ {image}
I have scalp short at 1.3615, 10pips SL
Attached Image
PROredart is not PRO trader
  • #901,620
  • May 30, 2014 3:28am May 30, 2014 3:28am
Quoting milam
All make sense.....I was also noticing on the 4h tf from the top to the bottom the swings are getting shorter, which is also an indication.......will it turn out that way? I am not sure.....
if you look at April 4th 2014, you will see a price pattern that's a bit similar to what we had yesterday. I have seen this a couple of times before as well and when this happens the direction changed. So this pattern could play out again I'm thinking. If I am to interpret what that pattern is, it could be the exhaustion of the Bears. It's like running out of breath and then the Bulls being able to take over. And yea, you are right, anything could happen. Have to see how the price reacts when it makes the next bottom. If it's above the lowest low, then I am long. Might not happen until Monday though.. we shall see
Focus, Patience, Determination & Order in chaos
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