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  • #913,321
  • Jul 30, 2014 7:14pm Jul 30, 2014 7:14pm
Looks like this one should play out. Targeting min 100 pips.

http://www.forexfactory.com/showthre...91#post7633791
  • #913,322
  • Jul 30, 2014 7:19pm Jul 30, 2014 7:19pm
Quoting Jeremy Oak
Bounced off the 50% fib from July 2013 lows. Formed a hammer on the daily. Looks like a good area for a bounce back up. Will look for bullish sign and take a long if one appears. http://tos.mx/I01zIf {image}
Nice catch. 50% fib is at 3370 level

Quoting Shug
Looks like this one should play out. Targeting min 100 pips. http://www.forexfactory.com/showthre...91#post7633791
that would be very sweet . have you entered long position yet?
  • #913,323
  • Jul 30, 2014 9:38pm Jul 30, 2014 9:38pm
Quoting banglubos
Newbie here. Here is my humble thought as a newbie. I've read all your technical analysis and got confused. For me, seeing the MN chart below is enough to say that EU will go down further. {image}
I want to vouch for you.
The Thief of Wall Street
  • #913,324
  • Jul 30, 2014 9:40pm Jul 30, 2014 9:40pm
Quoting vector0
{quote} {quote} good morning hong kong. for the bulls please look at 1.3407. if it can be broken then i will be firmer with my analysis above. i may add to my long if and after that happens.
Thanks for the tips
  • #913,325
  • Jul 30, 2014 9:42pm Jul 30, 2014 9:42pm
Quoting vector0
{quote} {quote} good morning hong kong. for the bulls please look at 1.3407. if it can be broken then i will be firmer with my analysis above. i may add to my long if and after that happens.
Watch out 3412/15 dear.
  • #913,326
  • Jul 30, 2014 9:50pm Jul 30, 2014 9:50pm
Quoting buttons
How realistic is a test of 13395... will depend greatly on the FOMC release later tonight.... I'm closing my short with a healthy profit, as I feel this move is now over extended... I still see a correction to the 13450/70 mark... just not had the fundamentals to support... would not be looking for longs unless a 4hr closes through 13420....
Quoting OnlineAddict
Good trade, I changed to bear when I saw 3470 broken, but at these levels I would rather buy...anywhere lower 33xx.
Quoting rehorst
Could be an AB=CD setting up. {image}
Quoting mxb
3300?
Quoting fahadzaman66
now guys what is next move for eurusd ?up or down ?
Quoting AutoMark
It can go up, but it also can go down.:nerd:
Quoting CholiPop
Usually the room is packed with words and numbers. This drop has really cost the accounts of many I see.
Quoting MrBach
{quote} I'm doing this. Burned -51 % of my account, have a good weekend everyone.
Quoting Matts Micro
1-2....8-9-10! Amazing! I still have all my fingers!! Though had my finger nails clipped earlier by .3 of a pip to my SL.
Quoting shegzycool4u
same as me.. i exactly burned 51% too.. it is so much enough to shake one off for a trade...,,... im just short of words... looks like it was gonna have a bounce, but it kept slipping a long way down... i cant hold off any more.. the sad thing now is that it will start going up, but the nerve has bin weakened, and that prospective trade will now be overlooked,, i wish i had kept my short and i hadnt gone long when i did.. its was a very costly mis calculation that caused me half+1% of my account..
Quoting littlesmall
short at pullback believe eu will still continue falling after fomc
Quoting MrBach
See you the next time my friend. Hope the damage is not that bad, totally same situation. Nice trap today
Quoting shegzycool4u
i wish i can go for the bear, but im dead discouraged.... let it do what ever it likes... ive bin trading eu for 2 years now, i seem not to fully understand it yet...
After been in this business for many years and have seen so many and many "U"s and "V"s after major news release such as NFP and FOMC minutes, I have over and over asked novice traders NOT to turn on the computer and try to make or analysis a trade during these news release. Not many listened, not many were able to stop the itch fingers of dreaming making a kill in a manner of seconds.

This is another U shape today.
I have no much to say other than Bravo tho those who stood at the sideline for not jumping the guns, you made the right decision today.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-7-30 19-36-15.png Size: 114 KB

Quoting MaxDoom
Like many. Your mistake is money management. You should not have risked more than 2% on a trade. Stick to this and you will never get to -50%Regards
If there is no stop, one wouldn't even know where his 2% risk at. Sigh, as for me, I would suggest novice NOT to trade these news AT ALL, but only few listens.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #913,327
  • Jul 30, 2014 10:06pm Jul 30, 2014 10:06pm
Quoting FXSayWhat
{quote} {quote} {quote} {quote} {quote} {quote} {quote} {quote} {quote} {quote} {quote} {quote} {quote} After been in this business for many years and have seen so many and many "U"s and "V"s after major news release such as NFP and FOMC minutes, I have over and over asked novice traders NOT to turn on the computer and try to make or analysis a trade during these news release. Not many listened, not many were able to stop the itch fingers of dreaming making a kill in a manner of seconds. This is another U shape today. I have no much to say other...
Haha you believe what you like but I'm not novice and having fun. Open profit in pips, perhaps I should turn off my computer
Attached Image
As the lights go by so too do the shadows move
  • #913,328
  • Jul 30, 2014 10:16pm Jul 30, 2014 10:16pm
euro is setting a bottom

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 7-30-14.png Size: 94 KB
"W. D. Gann said that time is the most important factor among all things."
  • #913,329
  • Edited 10:36pm Jul 30, 2014 10:17pm | Edited 10:36pm
Looks like EURUSD will continue with the bear pulling the value down with the news in 6 hours, I'm pretty sure there's a good opportunity for a quick 10-15 pips and maybe through the course of the day, some minor retracements but not enough to break the power of the power and eventually will gradually decrease maybe down from 1.34 to 1.335 by the end of the day for a nice 50 pips if you hold long.
  • #913,330
  • Jul 30, 2014 10:18pm Jul 30, 2014 10:18pm
bulls are trying to push EUR/USD back over 1.34 levels
  • #913,331
  • Jul 30, 2014 10:29pm Jul 30, 2014 10:29pm
Quoting Matts Micro
Technically there's a possibility of a fake out in this region before a correction to the top side imo. {image}
Technically a reentry into the previous range with a breakout of the channel could kick the bulls into action imo. Obviously a lot of news left in the week.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd #43.jpg Size: 403 KB
As the lights go by so too do the shadows move
  • #913,332
  • Jul 30, 2014 10:40pm Jul 30, 2014 10:40pm
Quoting Matts Micro
{quote} Technically a reentry into the previous range with a breakout of the channel could kick the bulls into action imo. Obviously a lot of news left in the week. {image}
I see only 2 reasons for 2 direction

  1. Bulls will fire after July close
  2. Bears dominates until Russian embargo finalization

  • #913,333
  • Jul 30, 2014 10:43pm Jul 30, 2014 10:43pm
Quoting Magicmen
{quote} I see only 2 reasons for 2 direction Bulls will fire after July close Bears dominates until Russian embargo finalization
I see a third reason for the third direction ............ a Matrix Scheme by the borkers. http://en.wikipedia.org/wiki/Matrix_scheme

The only person who made money in forex in shortest possible time http://www.forexfactory.com/jacko
The Thief of Wall Street
  • #913,334
  • Jul 30, 2014 10:52pm Jul 30, 2014 10:52pm
Quoting Chicky
{quote} I see a third reason for the third direction ............ a Matrix Scheme by the borkers. http://en.wikipedia.org/wiki/Matrix_scheme The only person who made money in forex in shortest possible time http://www.forexfactory.com/jacko
Here are the golden words:

Quoting jacko
In my opinion, ..................................... Its like poker, if you look around the room and can't see the patsy, then YOU are the patsy. .
The Thief of Wall Street
  • #913,335
  • Jul 30, 2014 10:55pm Jul 30, 2014 10:55pm
Quoting Magicmen
{quote} I see only 2 reasons for 2 direction Bulls will fire after July close Bears dominates until Russian embargo finalization
You replied a post that starts with "technically" with fundamental reasons. I can think of and see many reasons for this to be both bearish and bullish. It is just one possibility that I put up.
As the lights go by so too do the shadows move
  • #913,336
  • Jul 30, 2014 11:09pm Jul 30, 2014 11:09pm
Quoting Matts Micro
{quote} You replied a post that starts with "technically" with fundamental reasons. I can think of and see many reasons for this to be both bearish and bullish. It is just one possibility that I put up.
One can add the word or words "Technically" or "Technically speaking" before any statement, providing fundamental analysis or not. For example: "Technically speaking a gay is a heterosexual or a heterosexual is most likely to be a lesbian or EURO can move up or EURO will remain range bound, etc. etc." But if you use the word or words "Fundamentally" or "Fundamentally speaking" you have to provide a complex reason, a chart and a link to some site that is full of meaningless analysis and market terms.................. Therefore, always add "Technically" or "Technically speaking" before you say something.
The Thief of Wall Street
  • #913,337
  • Jul 30, 2014 11:15pm Jul 30, 2014 11:15pm
Quoting Chicky
{quote} One can add the word or words "Technically" or "Technically speaking" before any statement, providing fundamental analysis or not. For example: "Technically speaking a gay is a heterosexual or a heterosexual is most likely to be a lesbian or EURO can move up or EURO will remain range bound, etc. etc." But if you use the word or words "Fundamentally" or "Fundamentally speaking" you have to provide a complex reason, a chart and a link to some site that is full of meaningless analysis and market terms.
Lol ok. I thought a chart with TL's and reference to the channel on the chart would of been explanation enough, even without the word "technically".
As the lights go by so too do the shadows move
  • #913,338
  • Jul 30, 2014 11:21pm Jul 30, 2014 11:21pm
Quoting KiwiTrada
EU Monthly trap was not set yesterday, was set up in March & April and sealed in June march pierced resistance and closed doji @ resistance, (bearish unconfirmed) april closed spinning top with close just above resistance (bullish unconfirmed) May well May is may, June printed a hammer @ previous candle low (bullish unconfirmed) July with 1 day to go, no wick rejection of resistance (bearish confirming march doji) right now tapping the rising tl and 50 sma Close here could be seen as bullish (unconfirmed) below the rising tl and 50sma bearish (unconfirmed)...
Completely agree with this. Very sound advice!
Focus, Patience, Determination & Order in chaos
  • #913,339
  • Jul 30, 2014 11:27pm Jul 30, 2014 11:27pm
Quoting FXSayWhat
I have over and over asked novice traders NOT to turn on the computer and try to make or analysis a trade during these news release. Not many listened, not many were able to stop the itch fingers of dreaming making a kill in a manner of seconds.
Quoting Matts Micro
Haha you believe what you like but I'm not novice and having fun. Open profit in pips, perhaps I should turn off my computer
May i ask are these the profit you are still having were from trading the EURUSD FOMC section today? are you still holding them? I couldn't tell because image was cut.
Attached Image
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #913,340
  • Edited Jul 31, 2014 12:11am Jul 30, 2014 11:53pm | Edited Jul 31, 2014 12:11am
Entry: 1.3395
S/L: 1.3403
T/P: 1.3365

Going to sleep. Looks then news might accelerate a small downward trend over the next 4-8 hours and I'll probably wake up with a nice ~35 pip profit.

Spread is only 2 so I'll only take a minimal loss if it somehow retraces from what looks like a downward momentum bear that will bring it down to its knees (at least for a long long while overtime.....)
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