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  • #909,961
  • Jul 11, 2014 11:44am Jul 11, 2014 11:44am
Quoting OnlineAddict
Nice bottoming. Have fun next week. {image}
or maybe this...
Attached Image (click to enlarge)
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  • #909,962
  • Jul 11, 2014 11:46am Jul 11, 2014 11:46am
Quoting giveachance
{quote} lets see who is where after eod. it does this bullshit which it has done 15 mins back everytime and retraces everything in 1 hr.
So was I right or not? People kept shorting this during EU session at 1.3615-20 and I said whats the point to short if the target can be only 10-20 pips and the risk of going it up is much bigger. Or people don't mind to be in a 100 pip drawdown to get 10 pips profit after a week?
Everyone can see the chart, but only a few can actually read it.
  • #909,963
  • Jul 11, 2014 11:48am Jul 11, 2014 11:48am
Quoting ashenv
{quote} or maybe this... {image}
Possible, yes, I'm just waiting for most retailers to be short, to go long and get more than 40-50 pips. Thats the only way stopping the upside, retail is long/short 50/50, there is not enough people to take money from. Wait when 60-70% are short...then we can get some nice long spikes.

p.s. I just added your line, lets see if it breaks and opens the way to the upside.
Everyone can see the chart, but only a few can actually read it.
  • #909,964
  • Jul 11, 2014 11:52am Jul 11, 2014 11:52am
Quoting janpec1000
{quote} Interesting, i agree. But the problem of calls is that you need to know the quallity of trader to trust quality of his calls otherwise it means nothing. And yet picture can tell something from anyone.
I would say time will tell. No one has to be blamed here if his/her calls have to be closed in red, but as I said:

No one should be followed blindly, it should suit to your own analysis. But if you are the caller you would feel much better if others come to similar results.

Let me say it quite frankly: I donīt want followers nor do I need them. The picture that I have in mind is that we are marching in row.

If one wants to deliver graphics with the call, sure, why not. Some here are so hot they will do it anyway!!!

But graphics without a call? Come on, I am not at school, I want to earn money just like you so let us try to make it together.
  • #909,965
  • Jul 11, 2014 11:56am Jul 11, 2014 11:56am
it does all look bullish, even the hammer on the month. just be respectful of 366x/3698... 3677 is in there.. atm it seems the week will close below
those who can, do. those who cant, talk about those who can
  • #909,966
  • Jul 11, 2014 11:57am Jul 11, 2014 11:57am
Quoting OnlineAddict
{quote} Possible, yes, ....
It's certainly choppy and the two week old wedge is condensing at 1.36ish. Seems like we'll get some direction around the 7/17...
  • #909,967
  • Jul 11, 2014 12:11pm Jul 11, 2014 12:11pm
Quoting ashenv
{quote} It's certainly choppy and the two week old wedge is condensing at 1.36ish. Seems like we'll get some direction around the 7/17...
For me, its clearly bullish, but I'm willing to wait it out for a week or more. Bears can't even break below 1.36 anymore and every visit below 1.36 gets rejected, so for me, its clear, bulls don't even do anything yet and they can still defend 1.36 easily.
Everyone can see the chart, but only a few can actually read it.
  • #909,968
  • Jul 11, 2014 12:28pm Jul 11, 2014 12:28pm
Quoting OnlineAddict
{quote} For me, its clearly bullish, but I'm willing to wait it out for a week or more. Bears can't even break below 1.36 anymore and every visit below 1.36 gets rejected, so for me, its clear, bulls don't even do anything yet and they can still defend 1.36 easily.
i cant disagree.
i have a um to 3102/3992 there. these can make an ass out of any direction or analysis, its s/r and the same place a bear would start a cross. that old day candle in this chart is telling me to be cautious in either direction.. the month candle topped at a R, 3698 is no different then 3600 .. i see bullish, and i also see reasons to be cautious... that wtf candle is not closed, but soon will be.. it has to go somewhere, the time to long today was near 3689, the time to short was 3620... both can have a b.e. set
it just dont always do what it looks like it will do conventionally, something most systems dont show.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 31 KB
those who can, do. those who cant, talk about those who can
  • #909,969
  • Jul 11, 2014 12:31pm Jul 11, 2014 12:31pm
The range of this week was less than 75 pips. Days I over sleep were 4.
I'm doing the right trades.

Just think about it, 75 pips range covered a blowout on some of the peripheral europe trades, some scares of contagion and whatnot. Its amazing.
  • #909,970
  • Jul 11, 2014 12:31pm Jul 11, 2014 12:31pm
Quoting gatorinla
{quote} i cant disagree. i have a um to 3102/3992 there. these can make an ass out of any direction or analysis, its s/r and the same place a bear would start a cross. that old day candle in this chart is telling me to be cautious in either direction.. the month candle topped at a R, 3698 is no different then 3600 .. i see bullish, and i also see reasons to be cautious... that wtf candle is not closed, but soon will be.. it has to go somewhere, the time to long was 3689, the time to short was 3620... both can have a b.e. set {image}
I think it will play out within 1-2 weeks, catch most people in shorts and then continue up. If the weekly uptrend chart stays un-broken to the downside, but that doesn't look like a problem for bulls.
Everyone can see the chart, but only a few can actually read it.
  • #909,971
  • Jul 11, 2014 12:37pm Jul 11, 2014 12:37pm
Quoting gatorinla
it does all look bullish, even the hammer on the month. just be respectful of 366x/3698... 3677 is in there.. atm it seems the week will close below
why if we broke April's low and there is strong 1,3748/1,3806 and Q3Pivot point in that area, will skip all the macro on the way, just curious as usual, how Feb's low play here against 1.3503???
swing it!
  • #909,972
  • Jul 11, 2014 12:41pm Jul 11, 2014 12:41pm
Quoting OnlineAddict
{quote} For me, its clearly bullish, but I'm willing to wait it out for a week or more. Bears can't even break below 1.36 anymore and every visit below 1.36 gets rejected, so for me, its clear, bulls don't even do anything yet and they can still defend 1.36 easily.
I guess it depends on whether the drop from 5/9 to 6/9 is the totality of traders' pricing in of Draghi's LTRO's, negative rate and non-standard easing attempts. Given that USD easing is at the end of it's cycle and the ECB is dissatisfied with the high price of the EUR, it's hard for me to commit to any buying of the EUR/USD in the long term. We could be in range until:
1. Something or someone trips the fear index (Portugal wasn't near enough clearly)
2. Traders/Banks start pricing in a FED rate increase next yr (or esp if concern develops that it may happen sooner)
3. US Equities find more momentum somewhere to soar further and the dollar sags further (not a EUR move per se)
4. Unknown news/economic events occur, but...

...if 5/9 is not a top than what would be the catalyst for the EUR to increase?
  • #909,973
  • Jul 11, 2014 12:51pm Jul 11, 2014 12:51pm
Quoting OnlineAddict
{quote} I think it will play out within 1-2 weeks, catch most people in shorts and then continue up. If the weekly uptrend chart stays un-broken to the downside, but that doesn't look like a problem for bulls.
dont know myself. lets c what the close does. i do lean toward bulls. if the close 3606 or higher it gives me a little more confidence.. between 3600 and 3605, and i would be more skeptical.. atm 3607.. having a small drop target in the gu dont hurt 7025.
those who can, do. those who cant, talk about those who can
  • #909,974
  • Jul 11, 2014 12:55pm Jul 11, 2014 12:55pm
Quoting gatorinla
{quote} dont know myself. lets c what the close does. i do lean toward bulls. if the close 3606 or higher it gives me a little more confidence.. between 3600 and 3605, and i would be more skeptical.. atm 3607.. having a small drop target in the gu dont hurt.
If I had to choose, I would pick 3607 or more for a close, and cable above 7120. One more hour to go, lets see...
Everyone can see the chart, but only a few can actually read it.
  • #909,975
  • Jul 11, 2014 12:57pm Jul 11, 2014 12:57pm
Quoting tomspin
{quote} why if we broke April's low and there is strong 1,3748/1,3806 and Q3Pivot point in that area, will skip all the macro on the way, just curious as usual, how Feb's low play here against 1.3503???
hammer was june...
those who can, do. those who cant, talk about those who can
  • #909,976
  • Jul 11, 2014 1:07pm Jul 11, 2014 1:07pm
Quoting gatorinla
{quote} dont know myself. lets c what the close does. i do lean toward bulls. if the close 3606 or higher it gives me a little more confidence.. between 3600 and 3605, and i would be more skeptical.. atm 3607.. having a small drop target in the gu dont hurt 7025.
LOOOOOOL HAHAHA yes between 3600 and 3605 would make extremely skeptical, but if its 3607 then yes I become bullish on this currency.
  • #909,977
  • Jul 11, 2014 1:09pm Jul 11, 2014 1:09pm
Quoting gatorinla
{quote} hammer was june...
Sorry no candles for me, started appreciate price levels more, had these limits since June. Thought it's about break n come back - like in the pic for johnny pants.
All the colored lines are Q3 Pivots, it's bearish since we are deep below PP + Futures are selling and all funds come together,
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 108 KB
swing it!
  • #909,978
  • Jul 11, 2014 1:18pm Jul 11, 2014 1:18pm
Quoting tomspin
{quote}it's bearish since we are deep below PP + Futures are selling and all funds come together, {image}
Your logic sometimes escapes me Tom, if all these people are selling
A) Why price is not falling?!
B) Who's gonna start buying to fill your orders?!
"It's the Margin, Stupid."
  • #909,979
  • Jul 11, 2014 1:18pm Jul 11, 2014 1:18pm
another day and nothing no movement on the pair im glad that i didnt open a position on it
  • #909,980
  • Jul 11, 2014 1:19pm Jul 11, 2014 1:19pm
Quoting tomspin
{quote} Sorry no candles for me, started appreciate price levels more, had these limits since June. Thought it's about break n come back - like in the pic for johnny pants. All the colored lines are Q3 Pivots, it's bearish since we are deep below PP + Futures are selling and all funds come together, {image}
no its not like that. i just look for bounces to short. i took a few longs when it seemed right. we are above 3547.. these things take time to get past. no comfort for me until we close -3494 and the last bull headfake to 3589
those who can, do. those who cant, talk about those who can
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