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  • #902,821
  • Jun 5, 2014 12:07pm Jun 5, 2014 12:07pm
Quoting FibsWork4Me
{quote} You are 1000% correct Davit. Yet, say someone predicted this move on eur/usd. All prior support and resistance were never accumulated nor bounced off of. As todays bounce from the buy side was a daily pivot, and so was todays low.
I placed G/CHF 100 pips up 4 positions and all got triggered
Basically made $$$$ in 1hour
Its matter of finding the right area.
(This is where my BB system comes handy)
In trading, you have to be defensive and aggressive at the same time
  • #902,822
  • Jun 5, 2014 12:13pm Jun 5, 2014 12:13pm
Quoting Davit
{quote} I placed G/CHF 100 pips up 4 positions and all got triggered Basically made $$$$ in 1hour Its matter of finding the right area. (This is where my BB system comes handy)
Davit one question... Which pairs do you recommend for scalping. Pairs of course with a decent spread, but have very nice clean extensions and reversals. Examples would be GBP/JPY EUR/AUD GBP/NZD Do you have any other pairs you could recommend I scalp? As EUR/USD is only a good scalp when we have new, as we did today. Any response would be greatly appreciated.
Ever thought about how much money you could earn wagering against yourself?
  • #902,823
  • Jun 5, 2014 12:20pm Jun 5, 2014 12:20pm
Quoting TudorJonesJR
{quote} Today is a bullparty already. Imho do not try to stop a racing herd off bears running to the exit. Fact is that their is a big reversal in the trend. Just let the short squeeze run before going short again.
i am doing 1/4% risk trades. except a little larger at 3652. 3652 is not a random level
those who can, do. those who cant, talk about those who can
  • #902,824
  • Jun 5, 2014 12:28pm Jun 5, 2014 12:28pm
Quoting FibsWork4Me
{quote} Davit one question... Which pairs do you recommend for scalping. Pairs of course with a decent spread, but have very nice clean extensions and reversals. Examples would be GBP/JPY EUR/AUD GBP/NZD Do you have any other pairs you could recommend I scalp? As EUR/USD is only a good scalp when we have new, as we did today. Any response would be greatly appreciated.
I don't scalp.I am a swing trader.
As general rule if you new to forex don't trade crosses for at least 2years.
Example newbies trading G/J will get killed.
Stay with majors as far technique check out FXCube thread dear friend and master scalper.
In trading, you have to be defensive and aggressive at the same time
  • #902,825
  • Jun 5, 2014 12:31pm Jun 5, 2014 12:31pm
Quoting Davit
{quote} I don't scalp.I am a swing trader. As general rule if you new to forex don't trade crosses for at least 2years. Example newbies trading G/J will get killed. Stay with majors as far technique check out FXCube thread dear friend and master scalper.
Thank you so much. Will give a look at those two members. Thanks once again.
Ever thought about how much money you could earn wagering against yourself?
  • #902,826
  • Jun 5, 2014 12:31pm Jun 5, 2014 12:31pm
Quoting santuary123
Got short at 3635.. move SL at BE Will see on press conference {image}
Lucky me can get out after press conference
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  • #902,827
  • Jun 5, 2014 12:33pm Jun 5, 2014 12:33pm
is the 3650 short squeeze over yet?

  • #902,828
  • Jun 5, 2014 12:36pm Jun 5, 2014 12:36pm
Quoting santuary123
{quote} Lucky me can get out after press conference {image}
What's the sense of blotting out information?
Ever thought about how much money you could earn wagering against yourself?
  • #902,829
  • Jun 5, 2014 12:36pm Jun 5, 2014 12:36pm
I want 3740 before thinking about short. Bear already done too much nonsense job. Now bear lost a big golden opportunity.
This reversal was expected because bear was too weak to push down as I said most of time here. Bear being controlled by bull.
Biggest idiotic thing that bear done was not consolidated higher before this ECB decision. Only big sell off cannot push down the pair what bear players must learn.
You cannot learn better without losing
  • #902,830
  • Jun 5, 2014 12:43pm Jun 5, 2014 12:43pm
Fully agree that we can go easily through MA 200 but it has been respected for about 5 days and if we close also today below it it will be again little harder to pass through it. During interest took some pips. Now im short biased with TP 1.35300.

Green pips to all

Attached Image (click to enlarge)
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Many green pips guys
  • #902,831
  • Jun 5, 2014 12:45pm Jun 5, 2014 12:45pm
Price now just above last noisy bearish TL. Now let's see if bear got any static resistance above.
Since 31xx strong support 200 DEMA near 3654 should provide some resistance if this crap wants to save its a*s.
You cannot learn better without losing
  • #902,832
  • Jun 5, 2014 12:47pm Jun 5, 2014 12:47pm
Quoting MaxDoom
is the 3650 short squeeze over yet?

Hey Max, after this swing I still think the daily to weekly trend is on the downside towards 1.3480ish first and 1.3430ish after, what is your opinion?
  • #902,833
  • Jun 5, 2014 12:50pm Jun 5, 2014 12:50pm
stupid money bought euro today. what a surprise.
  • #902,834
  • Jun 5, 2014 12:51pm Jun 5, 2014 12:51pm
Quoting MisterSpread
{quote} Hey Max, after this swing I still think the daily to weekly trend is on the downside towards 1.3480ish first and 1.3430ish after, what is your opinion?
There is no more trend. short closed.
  • #902,835
  • Jun 5, 2014 12:51pm Jun 5, 2014 12:51pm
Quoting forexings
I want 3740 before thinking about short. Bear already done too much nonsense job. Now bear lost a big golden opportunity. This reversal was expected because bear was too weak to push down as I said most of time here. Bear being controlled by bull. Biggest idiotic thing that bear done was not consolidated higher before this ECB decision. Only big sell off cannot push down the pair what bear players must learn.
today’s meeting the Governing Council of the ECB took the following monetary policy decisions:

  1. The interest rate on the main refinancing operations of the Eurosystem will be decreased by 10 basis points to 0.15%, starting from the operation to be settled on 11 June 2014.
  2. The interest rate on the marginal lending facility will be decreased by 35 basis points to 0.40%, with effect from 11 June 2014.
  3. The interest rate on the deposit facility will be decreased by 10 basis points to -0.10%, with effect from 11 June 2014. A separate press release to be published at 3.30 p.m. CET today will provide details on the implementation of the negative deposit facility rate.


Should be clear
There is a concept called sell the rallies

June11 here we come 1.35

There is good chance you may not think about shorts and you wont see 3740

In trading, you have to be defensive and aggressive at the same time
  • #902,836
  • Jun 5, 2014 12:57pm Jun 5, 2014 12:57pm
Quoting Davit
{quote} today’s meeting the Governing Council of the ECB took the following monetary policy decisions: The interest rate on the main refinancing operations of the Eurosystem will be decreased by 10 basis points to 0.15%, starting from the operation to be settled on 11 June 2014. The interest rate on the marginal lending facility will be decreased by 35 basis points to 0.40%, with effect from 11 June 2014. The interest rate on the deposit facility will be decreased by 10 basis points to -0.10%, with effect from 11 June 2014. A separate press release...
The same thing happened in last Nov.
ECB cut rate. Eurusd dropped and recovered on the same day.

Buy order is ready. EU could go up from here.
  • #902,837
  • Jun 5, 2014 12:58pm Jun 5, 2014 12:58pm
Restarted building fresh shorts at 1.3660.


Liked being short EM but the overall feel from every asset other than the Euro is that the ECB succeeded today, risk assets are doing well and USD is selling off for whatever reason. With these levels its starting to get interesting in eurusd again.


Closed out my ZAR and TRY for now, dont want to pay that carry. eurusd is a free short now (yay)
Twitter: @TrendersGame
  • #902,838
  • Jun 5, 2014 12:59pm Jun 5, 2014 12:59pm
Hello Davit

Everybody in Europa say that the low inflation has to do with the strenght on the Euro.
So I think that we see a much lower euro coming weeks.
  • #902,839
  • Jun 5, 2014 12:59pm Jun 5, 2014 12:59pm
Quoting forexings
I want 3740 before thinking about short. Bear already done too much nonsense job. Now bear lost a big golden opportunity. This reversal was expected because bear was too weak to push down as I said most of time here. Bear being controlled by bull. Biggest idiotic thing that bear done was not consolidated higher before this ECB decision. Only big sell off cannot push down the pair what bear players must learn.

What makes you say that? How could the bears been weak? Bears has sold eur/usd almost 500 pips. I don't understand how many of us can stay some of the things we say when the charts reveals something else.
Ever thought about how much money you could earn wagering against yourself?
  • #902,840
  • Jun 5, 2014 1:02pm Jun 5, 2014 1:02pm
Quoting MisterSpread
{quote} Hey Max, after this swing I still think the daily to weekly trend is on the downside towards 1.3480ish first and 1.3430ish after, what is your opinion?
agree trend is still downEventually 1.30 or below.
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