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  • #905,481
  • Jun 19, 2014 3:13pm Jun 19, 2014 3:13pm
Quoting alirajaie
Obama says American forces will not be returning to combat in Iraq, US will increase its support for Iraqi forces, US will be prepared to take targeted military action in Iraq will consult with congress & leaders in region first Obama says US has interest in global energy market stability & not seeing Iraq as a safe haven for extremist groups, Iran can play a constructive role in Iraq IMF says EZ inflation worryingly low- unemployment unacceptably high, ECB's policy move shows determination to fight low inflation readiness to do more is...
are you a news reel ?
  • #905,482
  • Edited 4:28pm Jun 19, 2014 4:10pm | Edited 4:28pm
Quoting gatorinla
{quote} 3601/02+ open before drop is good enough for me
3 pip difference open to close 4h. um is the low. um is a s/r, its also where bears would want to start a cross ending in a -3494 on a close. then we can talk about 3689 once more. for the blind, a s/r does not mean it will hold either side. its just a friction point where bulls may want to launch higher. or bears hang out till they mount a cross before heading to 33xx. 373x area has the usual attraction, bulls have to have a successful attack on the 366x area with a large tf close. and the unpopular attraction to 3102.. the thing is the 373x one does not void the 3102 norm.
those who can, do. those who cant, talk about those who can
  • #905,483
  • Jun 19, 2014 4:20pm Jun 19, 2014 4:20pm
Quoting gatorinla
{quote} may 30 2014. some have a hard time understanding pa, or actually repeating, what is said in context. i choose not to waste my time.
Quoting gatorinla
{quote} its close to getting too the 12$ target. its already done the 3$ tinfoil one. so i dont see 14 or 12 as asking to much.. next time it bounces to 21.80/90 ish could be the swan song if it hasn't already happened... a 19.67 touch and shorting the bounces at fibs is the way to go.. although after 21.89 is normal before 12.xx

Sorry Gator you'll have to help me out here - I only speak Enhlish - double dutch always did elude me. The only thing I can deduce from your post is that you think silver will go to 12 after 21.89(Yep it went there in Feb and you predicted it would in May - WOW - wish I could do that) and now you think it's going to 12.hmmm interesting.

Understanding PA is easy - articulating what it means is where most ppl have a problem, but it helps if you do it in English.
  • #905,484
  • Jun 19, 2014 4:29pm Jun 19, 2014 4:29pm
gold went really high
Wherever you go, there you are.
  • #905,485
  • Jun 19, 2014 4:35pm Jun 19, 2014 4:35pm
Quoting stewrigh
{quote} Quoting gatorinla {quote} its close to getting too the 12$ target. its already done the 3$ tinfoil one. so i dont see 14 or 12 as asking to much.. next time it bounces to 21.80/90 ish could be the swan song if it hasn't already happened... a 19.67 touch and shorting the bounces at fibs is the way to go.. although after 21.89 is normal before 12.xx Sorry Gator you'll have to help me out here - I only speak Enhlish - double dutch always did elude me. The only thing...
if u cant understand a target being x, and a bounce is expected as normal pa before x to y. then maybe you should place them on a chart. we dont chase the target, we wait for the y bounce. then we consider entering.
those who can, do. those who cant, talk about those who can
  • #905,486
  • Jun 19, 2014 4:41pm Jun 19, 2014 4:41pm
Quoting milam
gold went really high
it sure did, my question is. will it stop at 1322.67 ish or 1321.76 ish... i dont track it much.. my old charts are a few years old.. 1306/07 seem to be a support area. gold never committed yet like silver. so i cant place a 9xx target yet unless i cheat and use silver as a proxy
those who can, do. those who cant, talk about those who can
  • #905,487
  • Jun 19, 2014 5:00pm Jun 19, 2014 5:00pm
Quoting gatorinla
{quote} it sure did, my question is. will it stop at 1322.67 ish or 1321.76 ish... i dont track it much.. my old charts are a few years old.. 1306/07 seem to be a support area. gold never committed yet like silver. so i cant place a 9xx target yet unless i cheat and use silver as a proxy
I only trade gold on the hourly.....

this is a weekly and seems like she got to major resistance....

I can see a lot of greed on the daily, on the hourly I would probably wait for a pullback and close above the previous 20 bar high and place a sell stop order a few point below that high, with a resting stop a few points above the latest high....so in brief a fading a further BO...
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Wherever you go, there you are.
  • #905,488
  • Jun 19, 2014 5:12pm Jun 19, 2014 5:12pm
Quoting milam
{quote} I only trade gold on the hourly..... this is a weekly and seems like she got to major resistance.... I can see a lot of greed on the daily, on the hourly I would probably wait for a pullback and close above the previous 20 bar high and place a sell stop order a few point below that high, with a resting stop a few points above the latest high....so in brief a fading a further BO... {image}
silver had the same daily run as gold.....

this is his weekly , has already broke the major trendline.....as a position trade if is that what you ask me, she might go back and test the previous low, or more likely because she already print some kind of triple bottom, a triple bottom pullback can be more the case and a safer entry than entering comparing to a BO...ONLY MY VIEW.
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Wherever you go, there you are.
  • #905,489
  • Jun 19, 2014 5:12pm Jun 19, 2014 5:12pm
Quoting milam
{quote} I only trade gold on the hourly..... this is a weekly and seems like she got to major resistance.... I can see a lot of greed on the daily, on the hourly I would probably wait for a pullback and close above the previous 20 bar high and place a sell stop order a few point below that high, with a resting stop a few points above the latest high....so in brief a fading a further BO... {image}
silver is close to the mentioned levels.. i dont know if or when it will stop. this would be approaching the y level. just a place to look if one wanted to consider the target. it was/is free to just wait for the y bounce. with a smaller field to eat a stop out,, and a larger field to tp options. some seem to think waiting for the bounce is taboo. they continue to forget to mention the bounce, before target.
those who can, do. those who cant, talk about those who can
  • #905,490
  • Jun 19, 2014 5:16pm Jun 19, 2014 5:16pm
Isn't this a EURUSD thread?
  • #905,491
  • Jun 19, 2014 5:18pm Jun 19, 2014 5:18pm
Quoting milam
{quote} silver had the same daily run as gold..... this is his weekly , has already broke the major trendline.....as a position trade if is that what you ask me, she might go back and test the previous low, or more likely because she already print some kind of triple bottom, a triple bottom pullback can be more the case and a safer entry than entering comparing to a BO...ONLY MY VIEW. {image}
exactly.
those who can, do. those who cant, talk about those who can
  • #905,492
  • Jun 19, 2014 5:20pm Jun 19, 2014 5:20pm
Quoting investing101
Isn't this a EURUSD thread?
yes, and charts are charts. we are discussing charts.
those who can, do. those who cant, talk about those who can
  • #905,493
  • Jun 19, 2014 5:24pm Jun 19, 2014 5:24pm
Long from yesterday at 1.355 (great price!)
Didn't take profits aggressively confiding in extension. Still pocketed decent profit.
Increased at retr.
Now holding double size long at 1.359 No fixed TP or SL.
Practitioner of the cryptic trading arts
  • #905,494
  • Jun 19, 2014 5:32pm Jun 19, 2014 5:32pm
The EURUSD is closing around the 1.3600 and the tug of war contines between the two currencies.
  • #905,495
  • Jun 19, 2014 5:58pm Jun 19, 2014 5:58pm
Hello EUR/US

Thought it was going down to least 1.35 etc

Buggar ended up trading shorts an longs in the same chart again
  • #905,496
  • Jun 19, 2014 6:13pm Jun 19, 2014 6:13pm
For those whom are curious about the latest Fed FOMC minutes here is some insights,

From Kathy Lien at BK Assist Management,

Top 10 Takeaways from June FOMC Statement

1. Monthly bond purchases cut by $10B to $35B

2. Forecast changes – lower unemployment rate, higher inflation and significantly weaker growth

a. 2014 Unemployment forecast cut to 6%-6.1% vs. 6.1%-6.3% in March

b. 2014 Inflation forecast raised to 1.5%-1.7% vs. 1.5%-1.6% in March

c. 2014 GDP growth cut to 2.1%-2.3% from 2.8%-3% in March

3. Fed sees slightly higher Fed Funds rate in 2015 (1.2% vs. 1.125% in March)

4. Majority expect first rate hike in 2015

5. Nearly all of the changes in the FOMC statement was in the first paragraph description of economy

6. No Dissents – All new members vote in line with majority

7. Policy remains accommodative, Fed repeats low rates likely

8. Fed notes rebound in economic activity and improvement in labor market

9. Unemployment rate though lower, remains elevated

10. Household spending appears to be rising more quickly, business investment resumed its advance



If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #905,497
  • Jun 19, 2014 6:15pm Jun 19, 2014 6:15pm
Also for ECB from 6/5,

From Kathy Lien at BK Assist Management,

My Top 15 Takeaways from ECB Announcement & Draghi Press Conference

1. ECB Delivers Massive Stimulus Package, Talks of Doing More – Markets Should be Impressed

2. ECB Did NOT Announce Quantitative Easing Today but Took a Step in that Direction

3. Eurozone Gets Negative Deposit Rates of -0.1% – Expected but still unprecedented for ECB

4. Main Refinancing Rate cut to 0.15%, Marginal Lending Rate cut to 0.4% – Expected

5. Draghi says Interest Rates Pretty Much at Lower Bound – Translation No More Rate Cuts

6. ECB extends eligibility of existing assets as collateral – Allows more loans to be used for LTROs

7. Announces 2 Targeted longer-term refinancing operations (TLTROs) in September and December (Initial Size of EUR400B)

8. Preparation for outright purchases of asset backed securities (ABS) intensified – Step Towards QE

9. Ends Sterilization of Securities Markets Program – Expected

10. ECB Extends Fixed Rate Full Allotment until end of 2016

11. More stimulus is possible, Draghi says point blank “We’re not finished”

12. Main motivation for today’s moves were low inflation – ECB cuts 2014, 2015 and 2016 Inflation Forecasts

13. ECB also cuts 2014 GDP forecast, raises 2015 GDP forecast

14. While Draghi sees continued recovery and moderate growth in Q2, outcome has been weaker than expected

15. Draghi recognizes improvements in labor market but says unemployment remains high and unutilized capacity still sizeable

If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #905,498
  • Jun 19, 2014 6:38pm Jun 19, 2014 6:38pm
Quoting FXSayWhat
For those whom are curious about the latest Fed FOMC minutes here is some insights, From Kathy Lien at BK Assist Management, Top 10 Takeaways from June FOMC Statement 1. Monthly bond purchases cut by $10B to $35B 2. Forecast changes – lower unemployment rate, higher inflation and significantly weaker growth a. 2014 Unemployment forecast cut to 6%-6.1% vs. 6.1%-6.3% in March b. 2014 Inflation forecast raised to 1.5%-1.7% vs. 1.5%-1.6% in March c. 2014 GDP growth cut to 2.1%-2.3% from 2.8%-3% in March 3. Fed sees slightly higher Fed Funds rate in...
Two things I would like to point out,

  1. GDP growth is cut
  2. First rate hike in 2015

​Also at the current Tapering pace, it would take about 4 months to get rid of QE (-10 bn per month of 35 bn), and that would leave us at October this year when QE is gone. And rate hike in 2015? It looks like this is where we going if nothing too surprising pops up.

If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #905,499
  • Jun 19, 2014 7:31pm Jun 19, 2014 7:31pm
Quoting turk1
{quote} I'll be waiting for your post.:nerd:
I won't be taking an EU long tonight. I see the possibility of this creeping down lower to the bottom of the triangle but I am not certain so won't be shorting either. Tomorrow morning I will be looking to take a long trade when I get up.

Have a good night/morning everybody!
Focus, Patience, Determination & Order in chaos
  • #905,500
  • Jun 19, 2014 7:32pm Jun 19, 2014 7:32pm
Quoting FXSayWhat
{quote} Two things I would like to point out, GDP growth is cut First rate hike in 2015 ​Also at the current Tapering pace, it would take about 4 months to get rid of QE (-10 bn per month of 35 bn), and that would leave us at October this year when QE is gone. And rate hike in 2015? It looks like this is where we going if nothing too surprising pops up.
Good stuff!
Focus, Patience, Determination & Order in chaos
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