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  • #910,961
  • Jul 16, 2014 8:02pm Jul 16, 2014 8:02pm
Quoting KiwiTrada
{quote} yep, also playing todays open as normal, lots of different fences and pcyh levels depending on what timeframe, its actually looking quite good at the moment anyway will see what 8700 got to say for a starters
this is the chart posted yesterday with a very nice weekly divergence. It is very likely kiwi will drop much lower than 8600.

daily chart may show some bounce on daily basis, that is the opportunity to enter shorts.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #910,962
  • Edited 8:26pm Jul 16, 2014 8:03pm | Edited 8:26pm
Quoting gatorinla
{quote} some people like to trade a b/o. it hasn't broke out atm. at least 3502 hasn't broke out.. the b/o of 3589 on a small scale targeted 3527. on it the normal retrace was 3619. after hitting 3519 we dropped and went to 3527,,,,thats the way most work.. we went to 3619 with a void at 3651... so in that zone a trade could be made to target 3527 with 3651 as a risk. that one has completed.
Yes, I did see this, BUT since it retraced to 17.7% I simply took that as an invalidation of the setup. Since my idea is to stick with the tight stop + "most times" approach, when it comes back to more than 30.9% I tend to give up on the setup. The candle that took it back to 17.7% didn't help either. I usually put stops at um (in this example), at 38.2% and 30.9%, three chances and that's it. 3 opportunities for an easy BE and tight S/L. I guess you use some other tool to guess it will come down again.
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Quoting gatorinla
the possible next one would be 3451. for it 3637 is the same as 3619 was.. to get to 3451 it has to break 3502. atm we have never done the one associated with 3502 break. that one is 373x... the one associated with the break last night for 3451 is 3637.
a reason i dont like trading a b/o until a retrace.. we completed 3527, the low is the atm um for 3451. i posted the chart earlier.. the khaki colored one.. so near 3502 it may fail with a target below..
i like at least 2 humps for a b/o. the first to test jan low is 3502, the second would be a b/o...
Yep, I saw that 1.3451 setup days ago, although I missed it because I was convinced it was going up for 1.374xx.

Quoting gatorinla
the 3 posted are not a reason to long. they may be a chance entry for those not already short.
and a normal retrace at some point after a break of 3502 is 373x
there is no possible way that i can know what will happen. i do know if its bearish, the higher i enter the better r/r
Ok, I know there's no way to predict something will/won't happen, of course, but I take it you're pretty sure it has probabilities to come back that far up for the eurusd? I mean, it already did the 50% retrace on those three pairs. That's my concern. I thought you would expect it to do some retrace (some of your "norms"), but again for the 50%?
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  • #910,963
  • Jul 16, 2014 8:11pm Jul 16, 2014 8:11pm
Quoting ffleo
{quote} this is the chart posted yesterday with a very nice weekly divergence. It is very likely kiwi will drop much lower than 8600. daily chart may show some bounce on daily basis, that is the opportunity to enter shorts. {image}
yep considering that high over to the left is the highest shes even been even this present attempt couldnt make it, and yes 86 is possible I prefer 76c
If you are new to Forex? Say Goodbye to your account!!
  • #910,964
  • Jul 16, 2014 8:11pm Jul 16, 2014 8:11pm
Quoting gatorinla
{quote} gv posted 33 hours earlier, maybe more before. too lazy to look.. just before this post.. the others are irt what happend
Yeah, and even before you posted that I thought more or less the same with a little use of my own logic. That's why your post about those three pairs going back twice bothered me since I was pretty sure I got it figured out.
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  • #910,965
  • Jul 16, 2014 8:16pm Jul 16, 2014 8:16pm
Quoting KiwiTrada
{quote} yep considering that high over to the left is the highest shes even been even this present attempt couldnt make it, and yes 86 is possible I prefer 76c
76 cents not sure. But once spotted weekly divergence and it plays out it usually lasts a few months. We are at yearly R1 now, when it drops, yearly pivot is a good target for the down trend at 8192
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #910,966
  • Jul 16, 2014 8:22pm Jul 16, 2014 8:22pm
Quoting ffleo
{quote} 76 cents not sure. But once spotted weekly divergence and it plays out it usually lasts a few months. We are at yearly R1 now, when it drops, yearly pivot is a good target for the down trend at 8192
I heard that aussie and kiwi are twin sisters. They do not want to separate from each other.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #910,967
  • Jul 16, 2014 8:22pm Jul 16, 2014 8:22pm
Quoting ffleo
{quote} I heard that aussie and kiwi are twin sisters. They do not want to separate from each other.
Hope I can date them both.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #910,968
  • Jul 16, 2014 8:23pm Jul 16, 2014 8:23pm
Quoting ffleo
{quote} 76 cents not sure. But once spotted weekly divergence and it plays out it usually lasts a few months. We are at yearly R1 now, when it drops, yearly pivot is a good target for the down trend at 8192
yep i know optimistic kiwi speelt "crazy kiwi" but, kiwi being an exotic with stupid negative swap for bears is a double sided sword because of market risk, when usd appreciates exotics are the first too feel the pinch, then normal market dynamics kick in so suddenly things can accelerate, oops 88 alarm just pinged be back later
If you are new to Forex? Say Goodbye to your account!!
  • #910,969
  • Jul 16, 2014 8:33pm Jul 16, 2014 8:33pm
Quoting gatorinla
{quote} ........the low is the atm um for 3451. i posted the chart earlier.. the khaki colored one.. so near 3502 it may fail with a target below.. i like at least 2 humps for a b/o. the first to test jan low is 3502, the second would be a b/o below 3502..
Things aligning up, yes... Moves inside moves....
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  • #910,970
  • Jul 16, 2014 8:36pm Jul 16, 2014 8:36pm
Quoting ffleo
I do not think the equity markets have much more room to go up any more. {image} {image} {image} {image}
this is what spx and dow are doing right now.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #910,971
  • Jul 16, 2014 8:39pm Jul 16, 2014 8:39pm
Quoting Goodvalley
{quote} Yes, I did see this, BUT since it retraced to 17.7% I simply took that as an invalidation of the setup. Since my idea is to stick with the tight stop + "most times" approach, when it comes back to more than 30.9% I tend to give up on the setup. The candle that took it back to 17.7% didn't help either. I usually put stops at um (in this example), at 38.2% and 30.9%, three chances and that's it. 3 opportunities for an easy BE and tight S/L. I guess you use some other tool to guess it will come down again. {image} {quote} Yep, I saw that 1.3451...
the beauty of norm is you can set your own. you can loosen yours, so you get more trades with wider stops. or tighten it up some for less trades with less pips risked. its up to you. i use it to stay out of trades too early most times. pros and cons either way.. if your using indis and are making money. that Incorporated into the wait, will make more money. once you figure an example norm like 3102. you can use it to guide other trades for direction.

for instance a 3451 target. when near it, and we haven't retraced to norm. i would be looking for a reason to long to 3637 or 373x
those who can, do. those who cant, talk about those who can
  • #910,972
  • Jul 16, 2014 8:48pm Jul 16, 2014 8:48pm
Quoting MisterSpread
The only argument that I can have for her dovish view regarding the current good information and for pushing the rate hike for a longer period even after the QE will end is to have a smaller impact on the markets and the landing of the USD after the QE to be safer and not to create havoc on the markets as an abrupt QE exit would have done or a faster rate hike. Even given this facts I'm dollar bullish and will remain so until other more than bad news for US or other factors that can affect my view on the long run. Cheers and green pips to all, VladG...
I'm sorry to ask
Why did you let your positions go underwater @ almost -200 pips
on E/U trade on June 5?
Are you one of the trader that can't accept that your view might be wrong.
and not willing to accept it?
Keep doing that the only your account balance will go it down!
Learn to accept loss it crucial in trading
if you cant do that, you really need to stop trading
  • #910,973
  • Jul 16, 2014 10:28pm Jul 16, 2014 10:28pm
A few more pips before the EURUSD touches the 1.3500 level. Attention to a possible bounce from that zone.
  • #910,974
  • Jul 16, 2014 11:17pm Jul 16, 2014 11:17pm
Quoting estrategafx
A few more pips before the EURUSD touches the 1.3500 level. Attention to a possible bounce from that zone.
Are you married?
The Thief of Wall Street
  • #910,975
  • Jul 16, 2014 11:20pm Jul 16, 2014 11:20pm
Quoting Chicky
{quote} Are you married?
I mean are you married to Nostradamus?
The Thief of Wall Street
  • #910,976
  • Jul 16, 2014 11:27pm Jul 16, 2014 11:27pm
Bullish butterfly harmonic still valid. Price consolidating in PRZ
Pride always comes before destruction.... -Proverbs 16:18
  • #910,977
  • Jul 16, 2014 11:33pm Jul 16, 2014 11:33pm
Quoting Expo33
Bullish butterfly harmonic still valid. Price consolidating in PRZ
What's a PRZ?
The Thief of Wall Street
  • #910,978
  • Jul 16, 2014 11:35pm Jul 16, 2014 11:35pm
Quoting Chicky
{quote} What's a PRZ?
I'd have to assume price retracement zone.
  • #910,979
  • Jul 16, 2014 11:38pm Jul 16, 2014 11:38pm
Quoting Chicky
{quote} What's a PRZ?
Potential reversal zone
Pride always comes before destruction.... -Proverbs 16:18
  • #910,980
  • Jul 16, 2014 11:38pm Jul 16, 2014 11:38pm
Quoting vlady1974
{quote} Pardon, but spelling is also important. Otherwise how will you be understood?
Thanks for rectifying my mistakes. Hope to get some great learning experiences
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