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EURUSD

  • #903,041
  • Jun 6, 2014 3:25am Jun 6, 2014 3:25am
risked 4 pips (0.4%) made 4.6

a failure of a failed flag combined with a tap of the recent dtline, went short just below the reversal bar with sl above it which is the signal bar, then trailed above the trigger bar.
Attached Image
Wherever you go, there you are.
  • #903,042
  • Jun 6, 2014 3:28am Jun 6, 2014 3:28am
nice to see Nowothy onside for my shorts
  • #903,043
  • Jun 6, 2014 3:28am Jun 6, 2014 3:28am
"Write Down This Date:
July 1st, 2014
On this date, U.S. House of Representatives Bill “H.R. 2847” goes into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. You now have just several months to prepare..."

Is the beginning of a video by Porter Stansberry. I wont post the link because after the very long video it becomes a sales pitch. I googled his name and his company was charged in court for being a scam, though his prediction was correct he used false information to charge his clients a hefty subscription and the prediction didn't eventuate on the given day but close by.

However... what he says in this video is quite an eye opener and what many other reports I have read have being alluding to.

With facts such as:

-Multiple U.S. state's have declared bankruptcy and others that that are broke but can't legally claim bankruptcy (googled- correct)

-"Today, however, the government calculates unemployment mainly by counting the number of people receiving unemployment benefits. So when unemployment benefits expire, people are no longer counted... and the unemployment rate actually falls". From script.

-47 million Americans on food stamps.

-"..with the rising level of U.S. debt, many countries around the world are questioning the position of the U.S. dollar as the reserve currency. They want to diversify out of the U.S. dollar, as quickly as possible." From script. It provides examples of Germany, China, South Korea, Japan, Russia, India and others.

-Reminds us of the fact that the British currency was once the reserve currency.

-Mentions a state of mind called Normalcy Bias where people know what is happening but can't really acknowledge the facts. Provides an example of a large amount of the Jewish community staying in Germany in WWII.
Also I have watched video's of the tsunami that hit Japan in 2011 (terrible and sad) and despite the sirens and announcements on the PA people just wandered the streets because nothing seemed wrong.

It goes into much detail (and is a little repetitive) with many more points that I wrote here. Basically the U.S. is printing money out of their behinds and it is only a matter of time before the world has had enough and turns to another reserve, eg IMF's SDR's.

IMO between the spending, borrowing and printing something is to be sure to break. I hope they can make it out unscathed (more than they are now) and if they do I will truly tip my hat to the great nation.
As the lights go by so too do the shadows move
  • #903,044
  • Jun 6, 2014 3:30am Jun 6, 2014 3:30am
Quoting PROredart
I short EU at 1.3653, what about you guys? Attached EU M15 {image}
+17pips exit now.

Attached file M15 EU
Attached Image
PROredart is not PRO trader
  • #903,045
  • Jun 6, 2014 3:34am Jun 6, 2014 3:34am
Quoting MaxDoom
{quote} as a follow up chart.... my H4 pivots just moved over 15min ago at the hour and look where the price stalled next..... {image}
Quoting MaxDoom
this chart is a great example of how the price tests certain levels and moves freely between them. In this case I am using customised H4 pivot levels {image}

and then the Weekly-PP level.... double tap.. what comes next?
Attached Image
  • #903,046
  • Jun 6, 2014 3:35am Jun 6, 2014 3:35am
Quoting Rockerzeus
{quote} Hi Chicky, Would you please check following numbers with your numbers and please give feedback about them when ever you have free time. I tried to code what you said. Each block represent latest swings on weekly. Each block has 4 color. For example for First block Red for range high Lime for range low Aqua for range mid, Yellows are 25/75/125/150/175/200/-25/-50/-75/-100. Edit: down projection ratios corrected Other blocks with same logic. First one is last values, second one progressive one which I can see the old levels as well. Thanks....
try 3992 and the missed norm at 3102.. then zoom in on yesterday on a 5m
those who can, do. those who cant, talk about those who can
  • #903,047
  • Jun 6, 2014 3:38am Jun 6, 2014 3:38am
Quoting spinozagr
out of channel... need to back to her mother where it belongs to+stoch.... {image}
I forgive you...welcome back to your mother...
Attached Image (click to enlarge)
Click to Enlarge Name: MrpZ8Lo.png Size: 193 KB
The good thing with the future is that it is progressively approaching...
  • #903,048
  • Jun 6, 2014 3:39am Jun 6, 2014 3:39am
Quoting MaxDoom
{quote} {quote} and then the Weekly-PP level.... double tap.. what comes next? {image}
that was a good reversal bar: small...solid

not sure what will be next
Wherever you go, there you are.
  • #903,049
  • Jun 6, 2014 3:40am Jun 6, 2014 3:40am
Inflows: NOT what causes euro strenght, as you can observe.
But prepare to hear it if euro closes green today. Its pathetic really.
  • #903,050
  • Jun 6, 2014 3:41am Jun 6, 2014 3:41am
Quoting milam
{quote} that was a good reversal bar: small...solid not sure what will be next
now back to the lower channel line that just broke
Wherever you go, there you are.
  • #903,051
  • Jun 6, 2014 3:42am Jun 6, 2014 3:42am
Quoting emmalee25
Inflows: NOT what causes euro strenght, as you can observe. But prepare to hear it if euro closes green today. Its pathetic really.
I'm aware of the "Inflows" fallacy, but since u brought up: What is the main cause of the Euro appreciation?! Your theory on the matter ...
"It's the Margin, Stupid."
  • #903,052
  • Jun 6, 2014 3:44am Jun 6, 2014 3:44am
FXRAT here reporting for action

what can I say with this pair other
than buy the dips keep your
positions sensible

ideally if we get an NFP dip later
that will just be fantastic.
rat
  • #903,053
  • Jun 6, 2014 3:47am Jun 6, 2014 3:47am
Quoting OnlineAddict
{quote} That would be perfect for a long entry, not sure if its possible, though. If there is a spike to load longs during NFP, that can create 30 pips max, these days. Lets see where eur is when US session starts tomorrow...my guess would be 1.3630.
And 1.3630 hit, time to look into longs around NFP. The lower it goes, the better. Ideal scenario for longs is below 1.3610.
Everyone can see the chart, but only a few can actually read it.
  • #903,054
  • Jun 6, 2014 3:54am Jun 6, 2014 3:54am
Quoting MaxDoom
{quote} {quote} and then the Weekly-PP level.... double tap.. what comes next? {image}
low atm is 3/4 of yest move.. some support on the smaller tf normal. 33600 another larger then 3586 smaller mofo to compare. a run through these with a LL close below 3502 is what a real move likes to show strength. we never went a pip below the LM at 3502. its normal to go back and eat a bowel of Wheaties or two if the intention is a cross.
those who can, do. those who cant, talk about those who can
  • #903,055
  • Jun 6, 2014 3:58am Jun 6, 2014 3:58am
clear signs of ranging just below the broken channel line and 3640
Wherever you go, there you are.
  • #903,056
  • Jun 6, 2014 3:58am Jun 6, 2014 3:58am
Quoting OnlineAddict
{quote} Whoever opened a short at 1.3550, deserves this.
I'm sorry about this comment, it keeps crossing my mind since I posted it. Even though some people here are annoying, I still shouldn't made fun of people in red, we all end up there at some point.
Everyone can see the chart, but only a few can actually read it.
  • #903,057
  • Jun 6, 2014 3:59am Jun 6, 2014 3:59am
Quoting chazzle
EURAUD H4 Trying an EA long here {image}
560 to hold or else I'm out
  • #903,058
  • Jun 6, 2014 4:01am Jun 6, 2014 4:01am
Quoting Vachus
{quote} I'm aware of the "Inflows" fallacy, but since u brought up: What is the main cause of the Euro appreciation?! Your theory on the matter ...
1) Opportunity, if you don't get long, someone else will. No one will wait for europe to be fixed to start getting the benefits of it.
2) ECB will start raising rates before the FED (rate differentials)

Its not just Euro that is getting strong.. its GBP too, NZD, AUD; you can even throw EM currencies like Poland zloty, or TRY, RUB.
We are doing the same thing as last cycle in 2008, dollar weakness and overheated financial markets.
Today for example, look at NZD and look at AUD, they are strenghting, euro will follow as well.
  • #903,059
  • Edited 4:17am Jun 6, 2014 4:03am | Edited 4:17am
Quoting gatorinla
{quote} low atm is 3/4 of yest move.. some support on the smaller tf normal. 33600 another larger then 3586 smaller mofo to compare. a run through these with a LL close below 3502 is what a real move likes to show strength. we never went a pip below the LM at 3502. its normal to go back and eat a bowel of Wheaties or two if the intention is a cross.
Mi scusi signor Gator, io non capisco, non parlo bene l"Italiano.....
Wherever you go, there you are.
  • #903,060
  • Jun 6, 2014 4:08am Jun 6, 2014 4:08am
Quoting emmalee25
{quote} 1) Opportunity, if you don't get long, someone else will. No one will wait for europe to be fixed to start getting the benefits of it. 2) ECB will start raising rates before the FED (rate differentials) Its not just Euro that is getting strong.. its GBP too, NZD, AUD; you can even throw EM currencies like Poland zloty, or TRY, RUB. We are doing the same thing as last cycle in 2008, dollar weakness and overheated financial markets. Today for example, look at NZD and look at AUD, they are strenghting, euro will follow as well.
In other words, you are buying the recovery story?! I do
"It's the Margin, Stupid."
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