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EURUSD

  • #901,841
  • May 31, 2014 12:58pm May 31, 2014 12:58pm
Quoting FibsWork4Me
{quote} Sir how do you know that it is martingale? Especially considering the fact that his trade history is private?
Well I could be wrong, what you are thinking about this bot???
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swing it!
  • #901,842
  • May 31, 2014 1:31pm May 31, 2014 1:31pm
Quoting Lacunoide
{quote} The long term scenario could be down but the euro has already fallen very hard, almost 420 pips.. I would be surprise if there is a rally before the ECB announcement.
around this time in 2009 when last European elections were held, EURUSD fell 550 pips before uptrend resumed. At least further 100 pips down is on the cards and that would be 100% retracement.
LT is up not down as US is still showing mixed/weak data.
  • #901,843
  • May 31, 2014 2:15pm May 31, 2014 2:15pm
Quoting Greener
the market is positioning for further downside and at 78.6% Fib level, 100% retracement is a big magnet. I expect 13475 to be hit before major uptrend resumption.
3475 quite Possible But the big question is will ECB let it fall further more next week!!! They,ll do what ever it takes to at least hold it in this area just my thoughts m8
Heed the lessons of failure.
  • #901,844
  • May 31, 2014 2:40pm May 31, 2014 2:40pm
Gidday EUR/US

Hard case still got some longs in the system

A 1.37+ would clear most off them out

A bit off US weakness an the EUR will gobble up the shorts.

All good if you held from higher up.

Buyers will be interested 1.35+

An you will get spikes

Nothing worse than having your shorts under water
  • #901,845
  • May 31, 2014 5:05pm May 31, 2014 5:05pm
Quoting tomspin
{quote} Well I could be wrong, what you are thinking about this bot??? {image}
What does the x and y AXIS represent?
Ever thought about how much money you could earn wagering against yourself?
  • #901,846
  • May 31, 2014 6:47pm May 31, 2014 6:47pm
Quoting doclouis
I though I was doing well too...then it dried up. I had a little voice on my shoulder telling me.."you re ahead...why not take the gain and run"...but I did tn listen and the rest is history
In my opinion, every successful trade should exit via limit order. Do NOT 'let your profits run' in currencies; they do not behave like stocks.
It's all about persistence vs antipersistance. Stocks are persistent. They have about a 72% chance of continuing today whatever direction they went yesterday. Currencies are antipersistent. They have about a 60% chance of going the opposite direction compared to yesterday.

In persistent markets, let your profits run because they do run. In antipersistent markets, get out early and often cuz the reversal is coming quick.

Also, don't just believe that stops are absolutely essential all the time or that they even help profitability. Test that hypothesis and you may be amazed what you see. I don't want to get into a fight with the old guard around here, but if you look for yourself...
  • #901,847
  • May 31, 2014 7:06pm May 31, 2014 7:06pm
Quoting Donika
{quote} 3475 quite Possible But the big question is will ECB let it fall further more next week!!! They,ll do what ever it takes to at least hold it in this area just my thoughts m8
there are 4 days before ECB's decision, we have seen over 300 pips moves in one day in the past so I would say it is quite likely based on technicals and CFTC data.
  • #901,848
  • May 31, 2014 8:06pm May 31, 2014 8:06pm
These numbers might look familiar to some of you...They are pivot points...used by Commercial and Large Speculators.

1.3993
1.3966
1.3893
1.3834
1.3672
1.3600
1.3476
1.3294
  • #901,849
  • May 31, 2014 9:05pm May 31, 2014 9:05pm
My trade(s) for the week of May 25.
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  • #901,850
  • May 31, 2014 10:09pm May 31, 2014 10:09pm
I dont know if Im the only person who received this but ITS RIDICULOUS !! Although it sounds stupid, I know people will fall for it. If any of you received this on email please dont fall for it :

http://pro.stansberryresearch.com/14...SIQ578/?h=true
  • #901,851
  • May 31, 2014 10:28pm May 31, 2014 10:28pm
time to turn or time to break?
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Wherever you go, there you are.
  • #901,852
  • May 31, 2014 10:35pm May 31, 2014 10:35pm
Quoting milam
time to turn or time to break? {image}
Retrace to 1886 looks highly likely.
All posts are my personal opinion
  • #901,853
  • Edited 11:51pm May 31, 2014 11:29pm | Edited 11:51pm
Quoting Capelli
I dont know if Im the only person who received this but ITS RIDICULOUS !! Although it sounds stupid, I know people will fall for it. If any of you received this on email please dont fall for it : http://pro.stansberryresearch.com/14...SIQ578/?h=true

I did not receive this as an e-mail but saw this presentation few days ago on the net.

In my opinion predicting the USD and US economy is not that simple. It can go either way but I truely believe it will go in the direction chosen by American leaders.

Let me explain what I just said. United States of America is the only country that does not have to pay for its imports in a foreign currency because their currency (USD) is the major reserve currency and all gold, oil and other commodities are denoted/bought & sold in USD. In 1971, the US decided to stay away from gold standard and after that their life was much easier. Import whatever you want and pay the cost of imports by just printing the US Dollars. This way, the USD pie kept on dividing into more and more pieces without gold to back up these more dollars printed. In normal situations and for most of the countries in this world, this should have resulted in permanent devaluation of their currency. But USA is not just any other country. You like it or not, they are smart, very smart people. I know this, because I lived there and worked with them for several years. I don't know if they have enough gold to post-facto backup all this printing, but one thing I know is that they posses something much more valuable than gold and that is technology. Japan also has technology, but one also needs a plan and resources to encash this technology. In the past two decades or so, China may have converted its trash and cheap labor into USD at the cost of clean environment for its people, and again used these American Dollars to buy commodities and Euros, but the United States still has the option to utilize its technology to backup its currency. If we look at USD from a tradtional approach, it is good enough for toilet paper but is it with all that US technology? No wonder if 500 billionares are from this country.
The Thief of Wall Street
  • #901,854
  • May 31, 2014 11:35pm May 31, 2014 11:35pm
Quoting Chicky
Quoting Capelli
I dont know if Im the only person who received this but ITS RIDICULOUS !! Although it sounds stupid, I know people will fall for it. If any of you received this on email please dont fall for it : http://pro.stansberryresearch.com/1404EOAJULY1/LPSIQ578/?h=true[/quote] I did not receive this as an e-mail but saw this presentation few days ago on the net. In my opinion predicting the USD and US economy is not that simple. It can go either way but I truely
...
good post...young man
Wherever you go, there you are.
  • #901,855
  • May 31, 2014 11:47pm May 31, 2014 11:47pm
Quoting Rtm
{quote} Retrace to 1886 looks highly likely.

Another option, see bottom of channel line
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Wherever you go, there you are.
  • #901,856
  • Jun 1, 2014 1:03am Jun 1, 2014 1:03am
SEveral are talking abouth a USD collaps. I think it is diffecult now because as we have seen since 2008 he market is trying to increase the values of the currencies not shorten them. WE have seen it with the CHF, The YEN the euro in 2008. The currency war have been to increase the values of the currencies to make them less competable in the eksport market.
The swiss had to peg their currencies, the japanese had to print to force down the value of their currencies and had no inflation at all before this
At least one thing is for sure currencies are used to make some countries more competable than other. The chinese with all their currency reserves has a lot of power in this process. It is in their interest t kee their YUAN currency down and not to increase it.

The ECB want to increase the USD and the FED want to increase the euro not the opposite.The ECB did not say anything differnt last time the should of a sudden decrease the euro of4 %. He said just the same as he have been saying before An rate reduction in june of 0,25% means nothing to be more competive.. What made the traders run the USD?. Is it the safe heaven coming back? Is is a stock market crash on the way and are USD still the safe heaven currency? It was not the words o ECB.The market have not been testing the ECB. The euro should decline to fudamental reasons also the USD. The currencies that shpuld increase in the new BRIC currencies but yhey are also keepeing down the value of their currency. This is the currency war.

Also other strange things have we seen lately the gas and oil agreement between Russia and China and payment in local currencies and not using USD.
If Russia and USA want to damage USA they should increase the value of USD. By increasing the value of the euro (they?) are damaging Europes competiness.

At the moment I think it is diffecult to see the big picture.
  • #901,857
  • Jun 1, 2014 1:29am Jun 1, 2014 1:29am
Quoting Fractalist
{quote} In my opinion, every successful trade should exit via limit order. Do NOT 'let your profits run' in currencies; they do not behave like stocks. It's all about persistence vs antipersistance. Stocks are persistent. They have about a 72% chance of continuing today whatever direction they went yesterday. Currencies are antipersistent. They have about a 60% chance of going the opposite direction compared to yesterday. In persistent markets, let your profits run because they do run. In antipersistent markets, get out early and often cuz the reversal...
One of the smartest post I read here

My entire trading style is molded around concepts you wrote.
In basic form my focus is on swing 80-100pips then take profit wait for reversal and go at it again.
If you get the fundamentals right you can repeat this process multiple times.Last month I did this 4x on NU and several times on EU and GU
Its not necessary to get the trend correct in fact all my trades were counter trades.
In trading, you have to be defensive and aggressive at the same time
  • #901,858
  • Jun 1, 2014 1:37am Jun 1, 2014 1:37am
agree Davit. It is much easier to get the 15 pips independet of the direction. The logic direction doesnt always come when it should come but it comes in the end
In one way it is better not to care other than few pips every day which is easy.
  • #901,859
  • Jun 1, 2014 2:36am Jun 1, 2014 2:36am
Quoting Capelli
I dont know if Im the only person who received this but ITS RIDICULOUS !! Although it sounds stupid, I know people will fall for it. If any of you received this on email please dont fall for it : http://pro.stansberryresearch.com/14...SIQ578/?h=true
After watching this whole thing I have a few problems with a few of the so called "facts" he kept returning to.

The first was that gold has been rising for the last 12 years and has only fallen in 2013. This is quite simply incorrect, gold has fallen from the high in September 2011 some 2 years earlier than he kept saying.

Secondly he kept saying the only reason that the USA was able to keep up it QE program was because the dollar was the worlds reserve currency. This is also incorrect as we have seen in Japan since early 2001 have had a QE program to fight low inflation.

It became clear towards the end of the presentation that this was simply a long winded sales tactic to sell his snake oil investment strategy.
"Don't get caught trading wheat in the corn pit"
  • #901,860
  • Jun 1, 2014 3:50am Jun 1, 2014 3:50am
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Wherever you go, there you are.
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