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  • #902,861
  • Jun 5, 2014 1:25pm Jun 5, 2014 1:25pm
How I love that beating here who is right and who is wrong.

For me it is only important what I made in a week. If someone was (much) better so it may be.

I follow my own plan for a year or two and if this fulfills I really donīt care "who said it all before".

I said it earlier: No one here has a clue what will happen next.

We can only try to find out what has the highest probability for a trade and then pay the ticket to find out for YOURSELF, not for others.
  • #902,862
  • Jun 5, 2014 1:26pm Jun 5, 2014 1:26pm
It is rally in the stock markets but the safe heaven CHF is rising quite a lot
  • #902,863
  • Jun 5, 2014 1:27pm Jun 5, 2014 1:27pm
Quoting Citiboy
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)

not yet for now.
Keep the Lights on then you can catch the rise from the dark.
  • #902,864
  • Jun 5, 2014 1:28pm Jun 5, 2014 1:28pm
Quoting Vachus
{quote} The big one is Madam Yellen and lowering the U.S. GDP expectation - that should be interesting to watch ...

We shall see if we live long enough mate.I expect 1.3600 - 1.3610s to hold for a further move to the upside...
  • #902,865
  • Jun 5, 2014 1:28pm Jun 5, 2014 1:28pm
My biggest fear was what if ECB disapointed or going negative on rates and how would market react to it, as I though it was not priced in.

But now with negative rates priced in and as long as US growth doesnt show any disaster numbers we are good to test 1.40. With EU inflation trending higher, which is likely as we have possibly seen the bottom of it (as thus the peak of ECB easing), ECB won't have so much problem with a higher euro.

I don't see ECB easing with inflation trending higher, thats my point.
  • #902,866
  • Jun 5, 2014 1:30pm Jun 5, 2014 1:30pm
Quoting e061578
Here's a prediction, as somebody wants me to put it beforehand... 1.3667 on 4hr chart looks like a good place to sell again. Here's how it will work. On the 4 hr chart, if price goes up through 1.3667 and come back down through that point again you will SELL! 1.3667 is a swing high, I am looking at it in another way, as my system is a wave system in the 4 hr chart. Hope it works! Stop loss 30 pips on high of current candle that broke through price 1.3667 and first TP @1.3528..
Trade in progress! Price went up to 1.3670 and came back through 1.3667 trigering my sell as mentioned!
  • #902,867
  • Jun 5, 2014 1:31pm Jun 5, 2014 1:31pm
Quoting math_GB
{quote} We shall see if we live long enough mate.I expect 1.3600 - 1.3610s to hold for a further move to the upside...
By the time the daily candle closes, someone would seriously need a cream ...
Attached Image (click to enlarge)
Click to Enlarge Name: booty-goo(1).jpg Size: 157 KB
"It's the Margin, Stupid."
  • #902,868
  • Jun 5, 2014 1:34pm Jun 5, 2014 1:34pm
Quoting Vachus
{quote} By the time the daily candle closes, someone would seriously need a cream ... {image}
Puhahahahah...!!! Hilarious...

  • #902,869
  • Jun 5, 2014 1:36pm Jun 5, 2014 1:36pm
I think we are going to 1.3694., because we shot through 1.3650 we should get at least as much above 1.3650 as we got on the pullback just before we went through that level.
  • #902,870
  • Jun 5, 2014 1:37pm Jun 5, 2014 1:37pm
Quoting Vachus
{quote} By the time the daily candle closes, someone would seriously need a cream ... {image}
In trading, you have to be defensive and aggressive at the same time
  • #902,871
  • Jun 5, 2014 1:39pm Jun 5, 2014 1:39pm
Quoting tony95
I think we are going to 1.3694., because we shot through 1.3650 we should get at least as much above 1.3650 as we got on the pullback just before we went through that level.
EU ADR 46pips last 20days
Today 167 pips!!!
Now which side has greater probability after 167pips up
This is not about Bear or Bull but simple street smart trading.Why would you buy when 90-98% of the move is already done for today.
If anything 30% retrace is expected
In trading, you have to be defensive and aggressive at the same time
  • #902,872
  • Jun 5, 2014 1:47pm Jun 5, 2014 1:47pm
Quoting Davit
{quote} EU ADR 46pips last 20days Today 167 pips!!! Now which side has greater probability after 167pips up This is not about Bear or Bull but simple street smart trading.Why would you buy when 90-98% of the move is already done for today. If anything 30% retrace is expected


but only 30% ?
  • #902,873
  • Jun 5, 2014 1:48pm Jun 5, 2014 1:48pm
Quoting Davit
{quote} EU ADR 46pips last 20days Today 167 pips!!! Now which side has greater probability after 167pips up This is not about Bear or Bull but simple street smart trading.Why would you buy when 90-98% of the move is already done for today. If anything 30% retrace is expected
You are right Davit. That is the problem with posting targets or directions here. The swings needed to get to somewhere are completely neglected. Things need time and countertrends.

For this moment the probabilty is for the south, but for how long and for how many pips no one knows until the next swing comes in.
  • #902,874
  • Jun 5, 2014 1:49pm Jun 5, 2014 1:49pm
I short E/U 1.3650..wish it down 50 pips then trade again on monday
simple is better
  • #902,875
  • Jun 5, 2014 1:49pm Jun 5, 2014 1:49pm
MaxDoom!

Are you still keeping your shorts from 1.3564?
  • #902,876
  • Jun 5, 2014 1:57pm Jun 5, 2014 1:57pm
Quoting MaxDoom
{quote} but only 30% ?
No baby 1.35 after June 11

Guys If 1.35 hits I will wear Muppet costume for my friend Vachus.
In trading, you have to be defensive and aggressive at the same time
  • #902,877
  • Jun 5, 2014 1:58pm Jun 5, 2014 1:58pm
Quoting MarianneOslo
MaxDoom! Are you still keeping your shorts from 1.3564?
Why would he...?

@Max:

I see many new members here mate, maybe it is a good time you tell the new folks about your breakout/double test etc. trading principles you have. I noticed many are confused about how you trade. At your convenience of course...
  • #902,878
  • Jun 5, 2014 2:00pm Jun 5, 2014 2:00pm
Quoting Pip Anon
{quote} Good call. I bought myself at 1.356 (SL 1.3500 which almost got hit), sold 1.3634.
This time just watching, volume decreasing- seems 1.3665 good level for short, next 1.3700 have pending short.

NY closed, may be I will watch around 30min only then to go bed.

Attached EU M15
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PROredart is not PRO trader
  • #902,879
  • Jun 5, 2014 2:00pm Jun 5, 2014 2:00pm
Quoting MarianneOslo
MaxDoom! Are you still keeping your shorts from 1.3564?
No no that is way too heavy they went just above 1.3589 61.8% retrace, currently just put a new one on @ 3656

A quick look at the chart show us a double tap of the Weekly-R1 level which is also last weeks high
Attached Image (click to enlarge)
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  • #902,880
  • Jun 5, 2014 2:01pm Jun 5, 2014 2:01pm
3734 36 47 area looks interesting this early in the month. i will be l looking for weakness here. if/when
those who can, do. those who cant, talk about those who can
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