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  • #904,121
  • Jun 11, 2014 7:51am Jun 11, 2014 7:51am
Quoting RussJ
{quote} I use them on all timeframes but don't use stoch cycles for my decisions I base my decisions and plans on Fractals where price is supposed to go.....
..........................
Talking of which...
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  • #904,122
  • Jun 11, 2014 7:58am Jun 11, 2014 7:58am
Bear nicely tightening liquidity and increasing price bubble. Welcoming the risk for do or die.
You cannot learn better without losing
  • #904,123
  • Jun 11, 2014 7:58am Jun 11, 2014 7:58am
Quoting nessus94
{quote} Maybe, but going all the way down without a serious retrace to clear all weak shorts ? It won't be a strong move down if it happens
Maybe first go down to shake up strong bulls and take out their stops.

Plenty of stops below 3500. The level which longs are using as support...

Already a big bounce happened from 3500 to 3670. Bounce which you are looking has already happened.
  • #904,124
  • Jun 11, 2014 8:01am Jun 11, 2014 8:01am
Quoting Thirsty
{quote} {image} Still fighting the market... This is the only thing I cannot understand.... If someone can explain I would appreciate. It's clear that the pair is short bias....
Ofcourse this is not indicator but it is general behavior. Most of traders add longs on each whole number and expect that market will move up. For this strategy you should have huge funds or very good money management. But big players love to take SL and i am sure that when weight of stop loss is more for short positions then big players will decide to move the market up.

Again i would say that FF indicator is not enough to analyze the general behavior of market. Again in my last 6 years experience i do not trust on any indicator because big players can move market any time in any direction.
Love for all; Hatred for none.
  • #904,125
  • Jun 11, 2014 8:02am Jun 11, 2014 8:02am
Bull just need another bold action but i doubt about bullish strength.
You cannot learn better without losing
  • #904,126
  • Jun 11, 2014 8:04am Jun 11, 2014 8:04am
Quoting pedro319
EURUSD The only level that matters to me is 1.3500 invalidation point for bullish patterns. If this one gets broken then next target is 1.3390 target for double top daily chart (posted here) http://www.forexfactory.com/showthre...02#post7492902. If the bullish patterns still work then 1.3750 is my target. Cheers.
I agree but for long first it hits SL at 1.3499. I will start adding short positions at 1.3479
Love for all; Hatred for none.
  • #904,127
  • Jun 11, 2014 8:05am Jun 11, 2014 8:05am
Quoting nessus94
{quote} Maybe, but going all the way down without a serious retrace to clear all weak shorts ? It won't be a strong move down if it happens
June 18 FOMC meeting. A week and 3 hrs to go
atm 1.3532
1.375x
1.334x
  • #904,128
  • Jun 11, 2014 8:12am Jun 11, 2014 8:12am
Quoting ultra_knight
{quote} Maybe first go down to shake up strong bulls and take out their stops. Plenty of stops below 3500. The level which longs are using as support... Already a big bounce happened from 3500 to 3670. Bounce which you are looking has already happened.
The bounce wasn't a retrace, it didn't clear any shorts.

To clear them it should go to 1.3750/1.3800

But holding shorts for now, and FF traders keep going long, it conforts me
Make money by doing the opposite of Giveachance aka loser
  • #904,129
  • Jun 11, 2014 8:16am Jun 11, 2014 8:16am
Quoting Fx-gtg
{quote} June 18 FOMC meeting. A week and 3 hrs to go atm 1.3532 1.375x 1.334x
Better wait yes. In the meantime, the pound is a good currency to trade.
Make money by doing the opposite of Giveachance aka loser
  • #904,130
  • Jun 11, 2014 8:18am Jun 11, 2014 8:18am
Quoting nessus94
{quote} The bounce wasn't a retrace, it didn't clear any shorts. To clear them it should go to 1.3750/1.3800 But holding shorts for now, and FF traders keep going long, it conforts me
EJ has already made new low..

Time will come for EU to make new low as well.

Classic short term bulls fighting bears, more the time they fight deeper the fall will be..
  • #904,131
  • Jun 11, 2014 8:18am Jun 11, 2014 8:18am
Greetings,

For those shorting EURUSD here's an interesting article on the effects of the ECB negative rates :

http://econbrowser.com/archives/2014...interest-rates

Denmark's Central Bank example is very good.

Plus: "(...)try to buy assets denominated in something other than euros, driving the value of the euro down relative to other currencies."

Cheers!
KEEP CALM AND CARRY ON SHORTING
  • #904,132
  • Jun 11, 2014 8:24am Jun 11, 2014 8:24am
Quoting aahmad29
{quote} I agree but for long first it hits SL at 1.3499. I will start adding short positions at 1.3479
I don't use a single stop I use scaling in and out. To add any shorts I need a meaningful level like 1.3610 50% Ret, 1.3670 Double top neckline daily chart or 1.3750 target for my trade.
Cheers.
We watch the charts from every angle so you don't have to!!
  • #904,133
  • Jun 11, 2014 8:38am Jun 11, 2014 8:38am
It can make new low during dead NY session. Not much thing bull can do in pathetic NY dead session.
Now free fall is dangerous for bull. Once it was bless for bull. Momentum changed

One thing I cannot understand why bull give up at last minutes when it fight back nicely for whole 12 mins.
You cannot learn better without losing
  • #904,134
  • Jun 11, 2014 8:42am Jun 11, 2014 8:42am
maybe we should go on a stop hunt
  • #904,135
  • Jun 11, 2014 8:45am Jun 11, 2014 8:45am
Quoting MaxDoom
maybe we should go on a stop hunt
You mean to move to 1.3650? That wouds be nice stop hunt
  • #904,136
  • Jun 11, 2014 8:49am Jun 11, 2014 8:49am
Quoting Nan-ook
{quote} You mean to move to 1.3650? That wouds be nice stop hunt
to hunt maxdoom's SL is its first priority
You cannot learn better without losing
  • #904,137
  • Jun 11, 2014 8:49am Jun 11, 2014 8:49am
Quoting Thirsty
Greetings, For those shorting EURUSD here's an interesting article on the effects of the ECB negative rates : http://econbrowser.com/archives/2014...interest-rates Denmark's Central Bank example is very good. Plus: "(...)try to buy assets denominated in something other than euros, driving the value of the euro down relative to other currencies." Cheers!
This article is spot on, what that retarded Draghi did was just weakening the financial system. Someone will always need to hold euros, if you buy things denominated into other currencies you just exchanged your euros with another person, someone will hold them no matter what..
Euros in circulation will drop as negative rates drain the reserves and banks will have less capital as well to absorve any shock if they need too. So you do TLTRO to add liquidity and then you do negative rates to drain liquidity. Draghi is not your average stupid, we are dealing with special kind of stupids here.
Quoting MaxDoom
maybe we should go on a stop hunt
You mean up right?
  • #904,138
  • Jun 11, 2014 8:55am Jun 11, 2014 8:55am
Quoting Nan-ook
{quote} You mean to move to 1.3650? That wouds be nice stop hunt
Quoting emmalee25
{quote} ............... here. {quote} You mean up right?
nope down

Quoting forexings
{quote} to hunt maxdoom's SL is its first priority
you can try, but it's going take some getting
  • #904,139
  • Jun 11, 2014 9:05am Jun 11, 2014 9:05am
Quoting pedro319
{quote} GOLD We should have nice setup around 1270, this is completion of ABCD 4 hours chart and Monthly pivot that hasn't been tested yet + weekly R2. Good confluence for short trade. I will update this when we get closer. {image}
GOLD
Here is the chart
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We watch the charts from every angle so you don't have to!!
  • #904,140
  • Jun 11, 2014 9:13am Jun 11, 2014 9:13am
Quoting pedro319
EURUSD The only level that matters to me is 1.3500 invalidation point for bullish patterns. If this one gets broken then next target is 1.3390 target for double top daily chart (posted here) http://www.forexfactory.com/showthre...02#post7492902. If the bullish patterns still work then 1.3750 is my target. Cheers.

I'm looking for exactly that 1.3390!!!! will see where USD is then.... but think the swing up the proper swing will come at 1.3340/24 area
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