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  • #913,101
  • Jul 30, 2014 2:13am Jul 30, 2014 2:13am
Quoting Trillion2015
{quote} From today until this Friday ??? What do you reckon how far it can go down ??? I am just calculating whether I can be alive till than ?
Are you heavily long EURUSD?
Maybe you should reduce your position a bit.
  • #913,102
  • Jul 30, 2014 2:14am Jul 30, 2014 2:14am
Quoting mrapple
{quote} Read el erian latest interviews how he is giving the option of FED surprising with interest hike and keep the last $10bln or even increase it again until 1st qrt next year ... its Yellen not Bernanki anymore "Ėl Erian is saying!!!" maybe el erian is on Demo btw, Dollar will go up on US interest hike, specially while ECB is keeping interest below zero.
You said: Fed surprises us with interest rate hike today EUR/USD will again be back to the 1.38 level

Doh!
That which does not kill us makes us stronger
  • #913,103
  • Jul 30, 2014 2:16am Jul 30, 2014 2:16am
Quoting mOmOgi
{quote} Are you heavily long EURUSD? Maybe you should reduce your position a bit.
I am badly in Long position. That much of bad that even I make it less my Long position still its not gonna make much difference.
  • #913,104
  • Jul 30, 2014 2:19am Jul 30, 2014 2:19am
Quoting KiwiTrada
{quote} 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
Heh, yah sometimes I scratch my head too but it normally works out for the best

i don't trade S&D as much TL's and S/R so I look for breaks in the range that sometimes looks like (and somes is) a top or bottom. I think a lot of ppl poohey TL's but imo it's a bit of an art and you need a bit of an eye for it.
As the lights go by so too do the shadows move
  • #913,105
  • Jul 30, 2014 2:19am Jul 30, 2014 2:19am
Quoting Trillion2015
{quote} From today until this Friday ??? What do you reckon how far it can go down ??? I am just calculating whether I can be alive till than ?
anything is possible but probability still rests with further downside imo 1.32xx is within range for the week

nothing has changed since I said this to you....

Quoting MaxDoom
{quote} 1.337x but there are easy number all the way to 1.322x if you are sitting on longs, you might want to think about.... are your chances of recovery greater than closing and the gains to be had from new trades
  • #913,106
  • Jul 30, 2014 2:23am Jul 30, 2014 2:23am
Quoting MaxDoom
{quote} anything is possible but probability still rests with further downside imo 1.32xx is within range for the week nothing has changed since I said this to you.... {quote}
Thanks....... this was good to hear from you....
  • #913,107
  • Jul 30, 2014 2:24am Jul 30, 2014 2:24am
Quoting Trillion2015
{quote} Thanks....... this was good to hear from you....
at some point you need to manage those trades...

look at the H4 chart from 1.37 all that is there is drop consolidate, drop consolidate, drop....
  • #913,108
  • Jul 30, 2014 2:26am Jul 30, 2014 2:26am
Quoting Trillion2015
{quote} I am badly in Long position. That much of bad that even I make it less my Long position still its not gonna make much difference.
You can hedge your long positions a bit and get rid of the short positions if EURUSD is going down.
At the end, it turn out that money management is very important, right?
  • #913,109
  • Jul 30, 2014 2:33am Jul 30, 2014 2:33am
Quoting mOmOgi
{quote} You can hedge your long positions a bit and get rid of the short positions if EURUSD is going down. At the end, it turn out that money management is very important, right?
Thanks a lot for your advise.....
  • #913,110
  • Jul 30, 2014 2:42am Jul 30, 2014 2:42am
Quoting MaxDoom
{quote} at some point you need to manage those trades... look at the H4 chart from 1.37 all that is there is drop consolidate, drop consolidate, drop....
You are 100% right. I have seen it.....
  • #913,111
  • Jul 30, 2014 2:44am Jul 30, 2014 2:44am
Quoting mOmOgi
{quote} You can hedge your long positions a bit and get rid of the short positions if EURUSD is going down. At the end, it turn out that money management is very important, right?
agree mm is very important, but hedging is another ball game, very few traders master it, when its used to try any recover from a fukup trade rarely works, and just prolongs the agony

better advice is to use a sl and stop adding to a losing trade, master that and you on your way to breaking even or better
If you are new to Forex? Say Goodbye to your account!!
  • #913,112
  • Jul 30, 2014 2:45am Jul 30, 2014 2:45am
Quoting Likerty
{quote} If Euro goes past 1.3400, next place for bulls to emerge is at 1.3380's
Bullish settup losing it's grip.. How deep this dive could be difficult to say on such busy day.. AUssie long seems more tradable..
69
  • #913,113
  • Jul 30, 2014 2:46am Jul 30, 2014 2:46am
UC is going up to test yesterdays high
If you are new to Forex? Say Goodbye to your account!!
  • #913,114
  • Jul 30, 2014 2:56am Jul 30, 2014 2:56am
All this Bear talk is assuming data is gonna be green on USD
Well suppose it isn't jump back to 3480-35+ and pure massacre on Short side
In trading, you have to be defensive and aggressive at the same time
  • #913,115
  • Jul 30, 2014 2:56am Jul 30, 2014 2:56am
1.3400 barrier
Inserted Video
  • #913,116
  • Edited 3:21am Jul 30, 2014 2:58am | Edited 3:21am
Weekly fib in play 38 retrace - initial take profit at 138.2 (1.33148) - a bounce at my 138.2 fib would take us back up to the zero fib or the weekly 21 ema which ever is hit first ...... thats my take and accuracy over 85 percent on weekly's - a break / retest of my 138 fib would take us to the 161 then back up to the 21 ema or 118 fib which ever comes first ----- why do so many people fight the trend!!!!!!!!!!!

Attached Image (click to enlarge)
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  • #913,117
  • Jul 30, 2014 2:59am Jul 30, 2014 2:59am
Hmmm... EU breaks 3400
  • #913,118
  • Jul 30, 2014 2:59am Jul 30, 2014 2:59am
Quoting KiwiTrada
{quote} agree mm is very important, but hedging is another ball game, very few traders master it, when its used to try any recover from a fukup trade rarely works, and just prolongs the agony better advice is to use a sl and stop adding to a losing trade, master that and you on your way to breaking even or better
As last resort, hedge a bit not the whole positions if Trillion2015 is pretty bullish on EURUSD

I mostly do it profitable on OIL, where the price is mostly ranging. In forex, I think it takes more patient to wait for the price to reverse after we take profit from the hedge. And don't forget the swap while we wait.

In oil, there is no swap to reduce our equity, I can wait as long as I like
  • #913,119
  • Jul 30, 2014 3:05am Jul 30, 2014 3:05am
Quoting Fx-gtg
Buying eur/usd atm 1.3405 is great trade to profit next month.
Quoting Fx-gtg
{quote} PA will tell when. 1.3501 maybe. Will move up quickly. BE so no risk
It never made it to next month
  • #913,120
  • Jul 30, 2014 3:06am Jul 30, 2014 3:06am
eur dead thats my point of view now ... i rather take usdjpy short with tight sl 102.30 if it hit sl am gonna get full liquor and sleep well i dont see any us news ... how is it ha ha funny
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