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  • #381,961
  • Jun 15, 2014 8:08pm Jun 15, 2014 8:08pm
See you all next week!



P.S.
Oops...it is next week.



Outta here for now.
Hear the music before the song is over ...
  • #381,962
  • Jun 15, 2014 8:08pm Jun 15, 2014 8:08pm
Quoting GlobalMacro
{quote} Alright Delta, sounds good to me.... Nice to hear at least someone's making dough, seems as though everyone on the thread is short biased...
you´re welcome!
since i follow this thread, i think the vast majority of traders here IS short-biased - what reason for ever. trade what you see...
fortis fortuna adiuvat
  • #381,963
  • Jun 15, 2014 9:13pm Jun 15, 2014 9:13pm
I think it depends on what one means by "short biased". I can only speak for myself of course.

As a day trader, I'm short biased for a possible retrace at this level for a few before the next launch. Second touch of a strong daily/weekly SR? Yeah, that makes a good RR shot for me to pick up a couple before loading longs to higher levels again.
Ghost Rider - WWTBMD?
  • #381,964
  • Jun 15, 2014 9:45pm Jun 15, 2014 9:45pm
Shouldn't it be a downward bias since the HPI significantly dropped from it's previous 3.6% to 0.1%? I think it will become a hold back for the BOE to not increase the rates until the house pricing growth stabilize again. I hope the next HPI will not be negative. Otherwise, that's gonna be a T!#%!TW!%S! Fuck Carney, please behave.
  • #381,965
  • Jun 15, 2014 11:23pm Jun 15, 2014 11:23pm
All this negativity convinced me to add some longs. If we take out 1.7 (which I think will happen) we should get a nice short squeeze. I suspect there are tons of stops from 1.7 - 1.7020.
  • #381,966
  • Jun 16, 2014 12:57am Jun 16, 2014 12:57am
Howdy GBP/US

Bingo 1.70

Now what
  • #381,967
  • Jun 16, 2014 1:00am Jun 16, 2014 1:00am
Quoting card
All this negativity convinced me to add some longs. If we take out 1.7 (which I think will happen) we should get a nice short squeeze. I suspect there are tons of stops from 1.7 - 1.7020.
yes there are. 1.71 is a possibility now if we clear 1.7028. that will trigger first short covering above 1.70. 2nd one will come at 1.7058.
  • #381,968
  • Jun 16, 2014 1:01am Jun 16, 2014 1:01am
Attached Image (click to enlarge)
Click to Enlarge Name: week.png Size: 103 KB
morning pos targets
  • #381,969
  • Jun 16, 2014 1:05am Jun 16, 2014 1:05am
more than gbp I feel what is happening in nzd/usd is weird. I cannot imagine pair rallying from sub 8400 to 8700 in short time.
  • #381,970
  • Jun 16, 2014 1:07am Jun 16, 2014 1:07am
Quoting eliteincome
Howdy GBP/US Bingo 1.70 Now what


The impossible happened ... lets go for 1.8

I think short squeeze to 1.702 swing high is 1.705

Have a good day

G/L
  • #381,971
  • Jun 16, 2014 1:10am Jun 16, 2014 1:10am
Quoting elbert3
{image} morning pos targets
Morning,
Its not waiting for anyone this am bulls are in a hurry
  • #381,972
  • Jun 16, 2014 1:10am Jun 16, 2014 1:10am
there u go HDA, 1.70 out.
  • #381,973
  • Jun 16, 2014 1:10am Jun 16, 2014 1:10am
Quoting JimmyC
{quote} The impossible happened ... lets go for 1.8 I think short squeeze to 1.702 swing high is 1.705 Have a good day G/L
lets go to 1.9. lol. makes me crazy when some guys get excited and talk levels which can come in 2-3 days
  • #381,974
  • Jun 16, 2014 1:12am Jun 16, 2014 1:12am
European opening calls:
$FTSE 6766 down 12
$DAX 9882 down 31
$CAC 4521 down 22
$IBEX 11066 down 48
$MIB 22091 down 75
  • #381,975
  • Jun 16, 2014 1:15am Jun 16, 2014 1:15am
Quoting giveachance
{quote} lets go to 1.9. lol. makes me crazy when some guys get excited and talk levels which can come in 2-3 days
Market is the market, I'm flat still waiting for consolidation.
Note the CHF seems the dollar is getting weaker as of the open, will need to see the US open but all this talk of war is turning things strange...
And seems the housing bubble worry is over after the speeches last week...
  • #381,976
  • Jun 16, 2014 1:20am Jun 16, 2014 1:20am
Quoting JimmyC
{quote} Market is the market, I'm flat still waiting for consolidation. Note the CHF seems the dollar is getting weaker as of the open, will need to see the US open but all this talk of war is turning things strange... And seems the housing bubble worry is over after the speeches last week...
there is no problem in europe and US but there surely is a problem in china which is the market is clearly ignoring. If you have been in forex for a long while you may well be aware that china is accumulating tons and tons of foreign currency reserves. they accumulated aussie during 2010-12. they are still acccumulating the kiwi and to be frank I cannot imagine what will happen if china goes burst. to me 1.42 to 1.70 is 2800 pips in 1 year which is 240 pips on an average/month which is too fast.
  • #381,977
  • Jun 16, 2014 1:21am Jun 16, 2014 1:21am
Quoting JimmyC
EG Daily Apparently this is interesting? Deeply oversold and at support, oversold bounce forecast to .81 .8178 Technical double top executed to target via channel down, price broke through the down channel support and if technical behaviour holds it will rebound out of oversold territory to oblique R or last R This is trading a rebound and is counter trend (trade with care) EU bearish oversold GU bullish overbought The trend for EG remains bearish, trading the oversold bounce is a valid high probability trade but of short duration, there is no reason...
Despite support she breaks south, no support forming for the bounce yet.... This isn't a good idea without a supporting candle... No long yet

Attached Image
  • #381,978
  • Jun 16, 2014 1:22am Jun 16, 2014 1:22am
I don't rule out another 50 pips for the day but I don't think it will go to 1.72 today.
  • #381,979
  • Jun 16, 2014 1:23am Jun 16, 2014 1:23am
Quoting giveachance
{quote} there is no problem in europe and US but there surely is a problem in china which is the market is clearly ignoring. If you have been in forex for a long while you may well be aware that china is accumulating tons and tons of foreign currency reserves. they accumulated aussie during 2010-12. they are still acccumulating the kiwi and to be frank I cannot imagine what will happen if china goes burst. to me 1.42 to 1.70 is 2800 pips in 1 year which is 240 pips on an average/month which is too fast.
The other part of this is that they will be the largest economy in the world in a few months now...
Its the elephant in the room for sure, good point
  • #381,980
  • Jun 16, 2014 1:23am Jun 16, 2014 1:23am
Quoting GlobalMacro
{quote} Davit, Can you point out the post you're referring to? I searched and searched the whole thread but I can't find anyone buying at the very top here at 1.6992.
HI GM
It was just a general cautious statement.Had nobody in mind.
Regards
In trading, you have to be defensive and aggressive at the same time
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