You are wright David
If the USA do a rate hike than al the money flow in dollar.
So EURO will go DOWN,DOWN,....
If the USA do a rate hike than al the money flow in dollar.
So EURO will go DOWN,DOWN,....
- #913,082
- Jul 30, 2014 12:58am Jul 30, 2014 12:58am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #913,083
- Jul 30, 2014 12:59am Jul 30, 2014 12:59am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #913,084
- Jul 30, 2014 12:59am Jul 30, 2014 12:59am
This is going to be very close. Less then 1 min left on the 1hr candle. I need the price to close above of the 50 fib. lets see if it happens.
--------------------------------------------
Good... I got it ( the close above the 50 fib level) with the last 30 seconds of the 1hour candle. So my buy order is still safe for at least 1 hour longer.
--------------------------------------------
Good... I got it ( the close above the 50 fib level) with the last 30 seconds of the 1hour candle. So my buy order is still safe for at least 1 hour longer.
Banks scalp, why don't you?
- #913,085
- Jul 30, 2014 1:03am Jul 30, 2014 1:03am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #913,086
- Jul 30, 2014 1:13am Jul 30, 2014 1:13am
{quote} I really hope you still on demo mate.. Good luck!
maybe el erian is on Demo
btw, Dollar will go up on US interest hike, specially while ECB is keeping interest below zero.
- #913,087
- Jul 30, 2014 1:13am Jul 30, 2014 1:13am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #913,088
- Jul 30, 2014 1:20am Jul 30, 2014 1:20am
- | Joined Feb 2012 | Status: Giving earnings to the wife | 1,193 Posts
This is going to be very close. Less then 1 min left on the 1hr candle. I need the price to close above of the 50 fib. lets see if it happens. {image} -------------------------------------------- Good... I got it ( the close above the 50 fib level) with the last 30 seconds of the 1hour candle. So my buy order is still safe for at least 1 hour longer. {image}
EDIT: dollarindex still got plenty of room to the upside. Volume here (dukascopy) is very low. If not now, maybe in 30 min we will get back down here OR we will stay in this range ALL day
I don't even have a cool signature
- #913,089
- Jul 30, 2014 1:32am Jul 30, 2014 1:32am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #913,090
- Jul 30, 2014 1:41am Jul 30, 2014 1:41am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
morning peeps 
I continue to work the downside in EU
I continue to work the downside in EU
- #913,091
- Jul 30, 2014 1:49am Jul 30, 2014 1:49am
{quote} Not many candels have been behaving unless they are bearish. I would get out, looks like this one is giving 3400 a battle that 3400 will lose. EDIT: dollarindex still got plenty of room to the upside. Volume here (dukascopy) is very low. If not now, maybe in 30 min we will get back down here OR we will stay in this range ALL day
You have been 100% correct about the only candles which have shown action as being the bears. This open 1hr candle has greatly favored the sell side, but the most important part of the 1hr candle, and any candle for that matter which you watch is the last 5 seconds. Last hour I got the retrace back across the 50 fib, and this candle with 15 mins left I am slightly under the 50 fib level.
Should the 1hr candle close under the 50, then I will stick to my rules and get out, until then, then the engulf patterns which I follow say that the long position is the best one to have open at the moment. A even stronger sign of a long (Scalping long) would be a close across the 1.34115 .....
Believe me when I tell you that buying makes me 100% nervous, but that is only because of EUR/USD has done the last few weeks (nothing but drop), but as a scalper we can't have any bias (well me being a scalper) as that will lead to horrible positions and hoping/praying which never result in positive gains.
I am looking to turn profit on EU and then trade G/J E/CAD OR E/A and stay away from EU... Until then I'll play pepper with EU and try to get as many pips from her as possible. No matter if it is on the buy or sell side.
Banks scalp, why don't you?
- #913,092
- Jul 30, 2014 1:51am Jul 30, 2014 1:51am
morning peeps
Banks scalp, why don't you?
- #913,093
- Jul 30, 2014 1:53am Jul 30, 2014 1:53am
Technically there's a possibility of a fake out in this region before a correction to the top side imo. {image}
Note: The blue boxes are the last accumulation/ support level EU reached, and the red lines are the exact prices in which they either accumulated or bounced from. As you can see they are all 1.33xx The range is from 1.33882 to 1.33413 My guess would be is that if we hold our current price level, then NFP will give us a long tail right through those three prices.
Banks scalp, why don't you?
- #913,094
- Jul 30, 2014 1:54am Jul 30, 2014 1:54am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} Interesting article. That's the first time I've read the possibility of a cut since recent Chinese numbers. I have heard a fairly positive tone for China since. Edit: "Funny as I am typing this AN is declining increasing my $$" Yes, have just entered short AU, new lows on the way imo.
yep just made a new daily low
but selling the lows, dont understand that, but hope it works for you, should know with this hr close in 5 mins If you are new to Forex? Say Goodbye to your account!!
- #913,096
- Jul 30, 2014 1:59am Jul 30, 2014 1:59am
- | Joined Feb 2012 | Status: Giving earnings to the wife | 1,193 Posts
{quote} Hello Mr Nick, You have been 100% correct about the only candles which have shown action as being the bears. This open 1hr candle has greatly favored the sell side, but the most important part of the 1hr candle, and any candle for that matter which you watch is the last 5 seconds. Last hour I got the retrace back across the 50 fib, and this candle with 15 mins left I am slightly under the 50 fib level. Should the 1hr candle close under the 50, then I will stick to my rules and get out, until then, then the engulf patterns which I follow...
. You are about to get another bullish candle on 1H that also actually makes me think if they have given up for now, EURUSD is a bit tricky right now so i understand that traders look elsewhere..
I don't even have a cool signature
morning peeps
Thanks...
- #913,098
- Jul 30, 2014 2:02am Jul 30, 2014 2:02am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
{quote} Hello Mr Doom. Hey Doom I haven't seen to many of your post as of late, but you know I still have dreams about your EU sell from 1.3499 I swear that when you said you were selling at that price I said to myself "MaxIsGoingToDoomed" but it turns out you made yet again another excellent call. Keep up the excellent work Guru.
