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  • #908,661
  • Jul 3, 2014 11:46am Jul 3, 2014 11:46am
Quoting Chicago
Since the news the CAD ripped USD's head off...

What do you mean ? USDCAD dropped from 1.06801 to 1.06260... so who ripped who's head? o.O
  • #908,662
  • Jul 3, 2014 11:50am Jul 3, 2014 11:50am
Quoting Magix
{quote} You've held out this long, why quit now? Really, you are down 4% after 2 years, you've already beaten the odds... Yes, there is still more room topside for cable, but are you really ready to let this stand in the way of your success? Your worst trade is way deeper than I would personally care to be, but that was along time before now. The market success stories aren't filled by a time limit, they are filled with longevity. If you feel you need to take a hit and close down this loser for peace of mind, I don't think anybody would argue with...
Your words give me hope. Thank you
The fragrance remains in the hands of those that gves the rose
  • #908,663
  • Jul 3, 2014 11:57am Jul 3, 2014 11:57am
Decided to take a break for either way.
It seem shorting.
  • #908,664
  • Jul 3, 2014 12:38pm Jul 3, 2014 12:38pm
Quoting chazzle
EU H4 my money's on Euro to climb - May/June swing mid still fairly distant at 13748 - gl {image} {image}
Update: my moneys now in someone else's pocket - until next week.... Or see if I can get a chf trade in early tomorrow....
  • #908,665
  • Jul 3, 2014 12:41pm Jul 3, 2014 12:41pm
8:1
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  • #908,666
  • Jul 3, 2014 1:52pm Jul 3, 2014 1:52pm
Both the usd index and eur/usd 4h candle sticks tend to downside. It seem incorrect and based on my experience, I believe in usd index. So I’m long on eur/usd from 1.3610, TP:1.3665, SL:1.3570.
I’ll appreciate your kind advise/comment on this trade.
  • #908,667
  • Jul 3, 2014 1:56pm Jul 3, 2014 1:56pm
Hello guys... I know this isn't the correct thread, but what do you guys think about this currency?

As EUR/CAD started its free fall, I decided to go all the way back as far as I can go to see where was the last "Accumulation" EUR/CAD. Of course assuming that EUR/CAD would stop there. So I selected H4 and and across the following price... (The red price is (up the moment) the low of EUR/CAD....
Attached Image


You can also see that EUR/CAD accumulated at the same price 6 months ago.( highlighted with the blue box)

So my question to those of you who have much more experience at predicting tops and bottoms would be "When a currency is in free fall, do you guys simply look for accumulation and set your pending orders there for reversals?" Because today EUR/CAD (asia open) STARTED at the main pivot and it broke past the support 3 pivot by a ton, while on the other hand EU bounced right off it's support 3 pivot.

Any sort of answer would be greatly appreciated.


You can see below I took the long in one of my accounts also.
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Banks scalp, why don't you?
  • #908,668
  • Jul 3, 2014 2:04pm Jul 3, 2014 2:04pm
Quoting MisterSpread
{quote} What do you mean ? USDCAD dropped from 1.06801 to 1.06260... so who ripped who's head? o.O
Are you serious?
  • #908,669
  • Jul 3, 2014 2:13pm Jul 3, 2014 2:13pm
Awfully quiet in here.
Banks scalp, why don't you?
  • #908,670
  • Jul 3, 2014 2:15pm Jul 3, 2014 2:15pm
Quoting CholiPop
Hello guys... I know this isn't the correct thread, but what do you guys think about this currency? As EUR/CAD started its free fall, I decided to go all the way back as far as I can go to see where was the last "Accumulation" EUR/CAD. Of course assuming that EUR/CAD would stop there. So I selected H4 and and across the following price... (The red price is (up the moment) the low of EUR/CAD.... {image} You can also see that EUR/CAD accumulated at the same price 6 months ago.( highlighted with the blue box) So my question to those of you who have...
Hey buddy,
I would say this point on eurcad is exactly the point which a elliot wave could reverse. Actually these are fibo levels which are telling us where the wave is going to headed. If we consider elliot waves on weekly chart it could be a reversal point to the next wave which ends on 1.78
so i suggest you to buy im bullish on eurusd.
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  • #908,671
  • Jul 3, 2014 2:20pm Jul 3, 2014 2:20pm
I know nothing about elliot waves. So would you please be as kind enough to tell me why the price which I bought was a perfect buying price? Thanks in advance.
Banks scalp, why don't you?
  • #908,672
  • Jul 3, 2014 2:26pm Jul 3, 2014 2:26pm
Here is my EA short:
http://prntscr.com/3z314q

And GCAD short:
http://prntscr.com/3z3367

USDTRY possible dirrection:
http://prntscr.com/3z34s6
  • #908,673
  • Jul 3, 2014 2:27pm Jul 3, 2014 2:27pm
Quoting math_GB
{quote}...
The EJ thing was a mistake, i had a second thought on it and booked at a minor loss
"It's the Margin, Stupid."
  • #908,674
  • Jul 3, 2014 3:58pm Jul 3, 2014 3:58pm
Quoting CandleStar
Is this the end of Forex as we know it?
Exactly my alter ego friend.

This thread needs some fresh water, people who not only have a meaning and some graphics as a prove but who trade what they mean and say here.

And final results would be great. It was a habit in the past to post final results for trades that were called here. Unfortunately I have seen good guys here placing trades only to find them two hours later on the other side of the trade without calling this new one and without mentioning the first one ever again.

I hate to see people lose but it is no shame to post it.
  • #908,675
  • Jul 3, 2014 4:32pm Jul 3, 2014 4:32pm
Quoting pedro319
{quote} USDCAD We had a bullish engulfing on 1 hour chart that confirms this setup technically speaking. Now I am looking whether the Daily candle will become a bullish engulfing itself. This trade is a scalp but can become a major reversal, all we need now is to read the signs. Cheers.
USDCAD
Scalp worked pretty well but we don't have Daily reversal at least as yet, price remains above the 61.8 Ret Weekly and above weekly S1, so it could still happen.
We watch the charts from every angle so you don't have to!!
  • #908,676
  • Jul 3, 2014 4:36pm Jul 3, 2014 4:36pm
Quoting pedro319
AUDUSD Next 10-20pips area for a sell. Reason: .786 Retrace weekly + 1.618 Extension Daily+Monthly R1
AUDUSD
This could become a weekly reversal if this week' candle finishes around these levels. Price is below Weekly S1 and should continue down. 170 pippers should at least put a smile on your face.
We watch the charts from every angle so you don't have to!!
  • #908,677
  • Jul 3, 2014 4:38pm Jul 3, 2014 4:38pm
Quoting KiwiTrada
{quote} nope just common sense, if you remember this post !http://www.forexfactory.com/showthre...97#post7575497 this is it updated same for kiwi post and aussie post I have added fib for possable support but note nfp obliterated 50 & 61 fib, generally when 61fib breaks we get a full retrace, I have a level in there 3596 which she just tapped, could be some pips on a bounce, but watch out if she has another go at it before week close I am done for this week, enjoy weekend {image}
you are such a bear......good for ya....I also shorted this at 3678 after I cover all my longs at 3689 , I am looking for 35, adding every 50 pips ( no TA is considering for adding, only space in term of pips) yes have a nice weekend......myself I am looking to trade today (scalping) now the all those news are out ...
Wherever you go, there you are.
  • #908,678
  • Jul 3, 2014 4:41pm Jul 3, 2014 4:41pm
Quoting pedro319
{quote} GOLD Price has (almost) hit our upper target and now turns down for retracement, 61.8 ret was completed from last swing on weekly chart and this is very important area if we are to resume downtrend, at the same time price has gone back into the consolidation range which is a bearish sign. I am shorting from slightly higher and stops above 1335. My target is 1290 as said in previous research. Will start closing some at 1335 and all after 1400.
GOLD
I am moving all stops to BE. Looks like price is eyeing the Monthly pivot but move is very slow which could indicate weakness of the move.
We watch the charts from every angle so you don't have to!!
  • #908,679
  • Jul 3, 2014 4:59pm Jul 3, 2014 4:59pm
Quoting pedro319
{quote} EURUSD Price has hit our targets and exceeded, now price has taken out the specified level and invalidated the possibility for Butterfly buy at 1.3474, this is 38.2 Ret on Daily chart therefore I am not shorting it yet without any reversal pattern or candlestick. I will wait a bit more and keep longs.
EURUSD
Price has bounced down from 38.2 Resistance on Daily chart, however I still have a bullish bias.
Why situation is not clear? Price moved down from 1.27 extension at 1.40 and stopped at 38.2 (1.35) Weekly chart. This in itself is a bullish sign, we need to assess whether this is a bounce from the Fib level or a reversal, we had a hammer pattern on the same time frame.

On the other hand the Daily chart presents same scenario but inverted, price came up from extension and now stopped at 38.2. I think the solution for this riddle will be the 61.8 and 78.6 Fib levels on the way down, if they hold the price then it will look like further upside is on the cards. Weekly S1 will sustain price in Bull markets most times.
We watch the charts from every angle so you don't have to!!
  • #908,680
  • Jul 3, 2014 5:04pm Jul 3, 2014 5:04pm
Quoting Magicmen
Nice LON close (3609). It confirms bears in control. Will NY take it to new low today OR close at 3622/35? (US off on Fri) It is better if US close at 3635 coz it lay path to 3534 for this week.
Tricky NY close. Asian are king makers on Fri. LON will follow their direction. IMO, 3635 is worth watching.
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