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  • #910,421
  • Jul 15, 2014 5:15am Jul 15, 2014 5:15am
Quoting brokerbear
{quote} It is true, I followed that JR analysts adive on the USD CHF. I'm still holding that position but its currently red From my personal judgement, , I think were going to hit 3570 later today in 2 hours time once retail numbers from US are out
Yeh most likely, and if we dont hit and we go up just short again as long as we dont breach 3630 area.
  • #910,422
  • Jul 15, 2014 5:17am Jul 15, 2014 5:17am
Quoting milam
{quote} good post..
we are in the range of 3676 and 3503....shorting the top and longing the bottom could be a smart move.........the pervious move is a bear move, so in a logical (what ever that means) sense, greater probability is skewed in that direction....

The range could be defined as a flag of the bear poole, if prices will break given the idea that a second leg is due, could trap many of them when prices will get to 3477 where bulls in number could enter by either covering or inviting side bulls to enter buying value at a cheaper price , the 3477 is the swing low where can turn this trend from bull to bear....me think
Wherever you go, there you are.
  • #910,423
  • Jul 15, 2014 5:19am Jul 15, 2014 5:19am
Quoting lakhan
Orders pending to target 1.364 with short orders scattered for target 1.3564.
you are covering both directions without saying where your entries are.... you can't lose
  • #910,424
  • Jul 15, 2014 5:20am Jul 15, 2014 5:20am
Quoting milam
{quote} we are in the range of 3676 and 3503....shorting the top and longing the bottom could be a smart move.........the pervious move is a bear move, so in a logical (what ever that means) sense, probability is skewed in that direction.... The range could be defined as a flag of the bear poole, if prices will break given the idea that a second leg is due, could trap many of them when prices will get to 3477 where bulls in number could enter by either covering or inviting side bulls to enter buying value at a cheaper price , the 3477 is the swing...
Technically we are in 3630 and 3480 range. 3630 breach is most likely no longer range, same for 3480.
  • #910,425
  • Jul 15, 2014 5:24am Jul 15, 2014 5:24am
Quoting lakhan
Orders pending to target 1.364 with short orders scattered for target 1.3564.
What the hell is that supposed to mean?
Quant Hedge Fund CEO
  • #910,426
  • Edited 5:45am Jul 15, 2014 5:31am | Edited 5:45am
Quoting gatorinla
{quote} you may be sorry if 3588 is broken. then again u may be able to pick it up at 3635/37 after a break.. but its been over a month.. retrace can be scarce
lets see..void at 3701. possible a better long at 3527/3502. not a trade recommendation. just a cheaper price, using current pa.. if 3502 is broken then 3589 may be a good place to start looking for a short..of course after the bounce..
edit this above to 3618, up till 3640.... even above 3640, bulls need still 3651...
those who can, do. those who cant, talk about those who can
  • #910,427
  • Jul 15, 2014 5:32am Jul 15, 2014 5:32am
I'm still short on Yuro and drunk like hell at bulgarian golden sands Varna.
  • #910,428
  • Jul 15, 2014 5:34am Jul 15, 2014 5:34am
Quoting janpec1000
{quote} Technically we are in 3630 and 3480 range. 3630 breach is most likely no longer range, same for 3480.
my range is determined by the weekly bar starting the 1/6/14

when viewing technicality it is important to look at the all picture, not just the PB but also at the trend that anticipate that PB.......look at the 3 bearish candles before the doji, they mean business....you do not want underestimate that.....from there the price went into range, 3503 was quickly rejected the way down forming the doji.......

So, in my view smart bears are waiting at the top and smart bulls are waiting at the bottom.....the risk reward is excellent.......I think there is a greater probability that it will break to the down side, which does not mean it will continue......could also mean that the false BO could fuel more to the upside...because of the covering and new bulls entering the market....me think
Wherever you go, there you are.
  • #910,429
  • Jul 15, 2014 5:37am Jul 15, 2014 5:37am
Quoting FXMastermind
{quote} Sure mate, it always depends on the timeframe. In the long-term which I always prefer for guidance we have natural divergence in inflation pressures and central bank policies which will drive EUR/USD lower. It canīt be any other way unless the macro fundamentals adjust heavily. So down is in general safer way (higher prob working in your favor). Most people here however donīt trade long-term, a few trade mid-term (weekly as guidance/trend, daily for entries) and vast majority short-term/scalping. The latter group should just go away and...

yup I prefer to sell, i think markets worldwide are close to collapsing, considering learning from 2008 I am too scared to be buying anything, agree also time frame is critical and yes many are short some very short timeframe trading, been there done that, for me was too stressful, 1 trade green weeks even months pays the bills, 2 is bonus
UC is bouncing from support exotics are over valued and swissy is trying to bounce (all higher timeframes) so for me buy and sell has merit, with eu right now, but bigger moves are bigger moves, 1 2 3 hundred pips, plenty of time to wait find out which before jumping in (wisest) however once on board its more a matter of adding or partialling, much less stress I am not wise but aggressive, it is costly positioning but long term ok
If you are new to Forex? Say Goodbye to your account!!
  • #910,430
  • Jul 15, 2014 5:37am Jul 15, 2014 5:37am
Quoting FXMastermind
{quote} Sure mate, it always depends on the timeframe. In the long-term which I always prefer for guidance we have natural divergence in inflation pressures and central bank policies which will drive EUR/USD lower. It canīt be any other way unless the macro fundamentals adjust heavily. So down is in general safer way (higher prob working in your favor). Most people here however donīt trade long-term, a few trade mid-term (weekly as guidance/trend, daily for entries) and vast majority short-term/scalping. The latter group should just go away and...

Hi there, I advise you not to go forward with polemics with Vachus or anybody else , is not constructive believe me... we are all here sharing ideas and trying to get a quick buck in that process, is enough that the big boyz are fucking us regularly let's all try to add good information so we can take a bit from their cake and at the end of the day and be a little bit happier .
As for EurUSD I also think that the current macro-economical and geopolitical situation are key factors that will push this pair lower ( remember about 50-100 pages ago I said 1.30 - 1.32 by October latest December this year ), so given those facts I'm also on the bears side and will stay here from now on after the ECB cut the rates and US labor market picking up pace + the monthly cuts from the QE3. I still ow to Vachus a full explanation about my QE1,2 & 3 theory and I promise to do it as soon as I will have a bit more time .

All the above are only an advice, so don't take it like a criticism just trying to keep things calm on this thread and create a nice core of good / decent traders.

Cheers and green pips,
VladG
  • #910,431
  • Jul 15, 2014 5:43am Jul 15, 2014 5:43am
Quoting Vachus
{quote} Oh really?! I never claimed being right all the times, but in your case i would understand ... given you time machine entries, and reporting entries after they run into profits. * You are holding 1.369 / 1.364 sell right, let's see if you will continue holding them by this week end.
Should I close my 1.3951 and 1.3926 shorts as well before weekend?
  • #910,432
  • Jul 15, 2014 5:47am Jul 15, 2014 5:47am
Quoting Rockerzeus
{quote} Should I close my 1.3951 and 1.3926 shorts as well before weekend?
Rock, i really don't have a problem with u ...

If you are asking, i will answer as if i was holding this position?
If you are bragging about it, it's unhealthly

But good luck anyway
"It's the Margin, Stupid."
  • #910,433
  • Jul 15, 2014 5:50am Jul 15, 2014 5:50am
that's some funny shit, read may 8th..
those who can, do. those who cant, talk about those who can
  • #910,434
  • Jul 15, 2014 5:52am Jul 15, 2014 5:52am
Quoting Vachus
{quote} Rock, i really don't have a problem with u ... If you are asking, i will answer as if i was holding this position? If you are bragging about it, it's unhealthly But good luck anyway

I am really asking, not bragging, you know me I don't do such things and I usually don't talk about my trades at all. But that post made me curious about your view although I know you are on the bull side.Thats why I asked.
  • #910,435
  • Jul 15, 2014 5:52am Jul 15, 2014 5:52am
Quoting gatorinla
{quote} lets see..void at 3701. possible a better long at 3527/3502. not a trade recommendation. just a cheaper price, using current pa.. if 3502 is broken then 3589 may be a good place to start looking for a short..of course after the bounce.. edit this above to 3618, up till 3640.... even above 3640, bulls need still 3651...
post above was edited.. a change in the void to 3641 is also needed...
those who can, do. those who cant, talk about those who can
  • #910,436
  • Jul 15, 2014 5:53am Jul 15, 2014 5:53am
Quoting BlazeHun
I'm still short on Yuro and drunk like hell at bulgarian golden sands Varna.

You mean Zlatni Piasaci?
Why sell the bottoms when you can buy the tops...
  • #910,437
  • Jul 15, 2014 5:57am Jul 15, 2014 5:57am
Just got my 10 pips with a long from 95 to 05. Could not get it deeper (Broker).

Would have held it longer if we had not Yellen in front.

So better safe than sorry.

Wanted to call it here but as long as a general bashing of longers goes on I prefer to take care of my own trades.

Army of winners was my vision but what I see here is bashing without a reason.
  • #910,438
  • Jul 15, 2014 5:58am Jul 15, 2014 5:58am
Quoting Rockerzeus
{quote} I am really asking, not bragging, you know me I don't do such things and I usually don't talk about my trades at all. But that post made me curious about your view although I know you are on the bull side.
Fair enough,

I would put three variable to reach a decision:
A) Have i taken enough profit from the move, to risk having these entries gone. ( In case price retraced all the way back to the top?! )
B) Is this profits enough to risk adding to my position, if price retraced higher? ( Risk factor)
C) Where is see the price going in the next 3 to 6 months.

* You already know i'm on the buying side, plus i'm a legendary biased person - so, this is how i would be looking at ..
** Letting profits run is great, but one of the worst side effects is people tend to treat unrealized profits as actual profits ... the invested amount of time, energy magnify depression and frustration! It could lead u to wiping out all ur profits and turn them into losses ...( the classic case of being right, and losing money)

If you answer these questions, you will know what to do
"It's the Margin, Stupid."
  • #910,439
  • Jul 15, 2014 6:05am Jul 15, 2014 6:05am
I might consider some shorts against 3616/20...
Look Sharp/Trade Tight
  • #910,440
  • Jul 15, 2014 6:05am Jul 15, 2014 6:05am
Quoting Vachus
{quote} Fair enough, I would put three variable to reach a decision: A) Have i taken enough profit from the move, to risk having these entries gone. ( In case price retraced all the way back to the top?! ) B) Is this profits enough to risk adding to my position, if price retraced higher? ( Risk factor) C) Where is see the price going in the next 3 to 6 months. * You already know i'm on the buying side, plus i'm a legendary biased person - so, this is how i would be looking at .. ** Letting profits run is great, but one of the worst side effects...

Thanks for your reply
a)yes b)yes c)1.3355 and if it goes higher such as 1.41xx I will hedge at be and will add more if it goes up.
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