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  • #913,401
  • Jul 31, 2014 4:19am Jul 31, 2014 4:19am
My thinking here is if bulls want to kick this monkey up in the trees we will probably need to retest yesterday lows, as the last 15m candels look like sh*t. they are messing up my beautiful charts.. not cool.
I don't even have a cool signature
  • #913,402
  • Jul 31, 2014 4:19am Jul 31, 2014 4:19am
Strange move after bad CPI numbers.
  • #913,403
  • Jul 31, 2014 4:20am Jul 31, 2014 4:20am
Quoting MaxDoom
{quote} which suggests end of month EG flows may be responsible
Good Point
  • #913,404
  • Jul 31, 2014 4:23am Jul 31, 2014 4:23am
But as a consolation...GJ trade on autotrader, smaller lot size but I will take it.
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  • #913,405
  • Jul 31, 2014 4:33am Jul 31, 2014 4:33am
At this point i'm only interested in a pullback sell on the AU or GU.

EU is somewhat of a mess seems to be triangulating a bit. All appear to be over extended to the short side. Not my cup of tea for now, will wait at this point.

One pending line set... Alerts are turned on, charts turned off. time for some oatmeal

Good luck fellas.
  • #913,406
  • Jul 31, 2014 4:33am Jul 31, 2014 4:33am
Quoting MaxDoom
{quote} you need to learn money management and trade management you have been buying a falling market adding to losers and have 60% of your account balance in draw down..... you cannot survive in this business like that, it is crap shooting rather than trading.... my advice close out. start again use proper MM and trade control
i follow the pattern then going down below quickly..
the pattern say its going up but...
  • #913,407
  • Jul 31, 2014 4:33am Jul 31, 2014 4:33am
Quoting pipster1
But as a consolation...GJ trade on autotrader, smaller lot size but I will take it. {image} {image}
Nice one. I got in late and bailed already, got only 12 pips on it. About to dump my cable also.. Still waiting on EURUSD to give me my 10 pips..
I don't even have a cool signature
  • #913,408
  • Jul 31, 2014 4:35am Jul 31, 2014 4:35am
Quoting 3Davy
Strange move after bad CPI numbers.
Exactly, makes me smell bull-sh*t
I don't even have a cool signature
  • #913,409
  • Jul 31, 2014 4:41am Jul 31, 2014 4:41am
The remaining of July & August price should continue ranging between $1.33 / $1.35 , any target within this range should be valid ...
I don't see any further downside beyond 1.330, without break confirmation at $1.35 / or slightly higher.
The main issue here, is any Euro rally / retrace will be sold, because we are officially in a bearish trend for at least July/2015
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"It's the Margin, Stupid."
  • #913,410
  • Jul 31, 2014 4:52am Jul 31, 2014 4:52am
Ok, out of cable, waiting for a re-entry. Looking at gold, maybe a re-entry on GBPJPY if possible. TPd EU to 3370 think this will take some time.
I don't even have a cool signature
  • #913,411
  • Jul 31, 2014 4:59am Jul 31, 2014 4:59am
Can anyone tell me please when a account goes close .... I have Equity $2000 and Margin $ 1000......
If the equity goes on 0 or
If the margin goes on 0 ???
  • #913,412
  • Jul 31, 2014 5:02am Jul 31, 2014 5:02am
prob next weeks 33/35 range, but overal I think it will go south.
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  • #913,413
  • Jul 31, 2014 5:05am Jul 31, 2014 5:05am
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  • #913,414
  • Jul 31, 2014 5:07am Jul 31, 2014 5:07am
Quoting Vachus
The remaining of July & August price should continue ranging between $1.33 / $1.35 , any target within this range should be valid ... I don't see any further downside beyond 1.330, without break confirmation at $1.35 / or slightly higher. The main issue here, is any Euro rally / retrace will be sold, because we are officially in a bearish trend for at least July/2015 {image}
Sorry to contradict you, but IMHO there is a lot more downside action waiting for us on that pair, 1.3150 will most likely be the next stop, after that we´ll go below 1.30, 1.28 wouldn´t surprise me either, I´m riding this downtrend since May 8th.
Take care !
  • #913,415
  • Jul 31, 2014 5:08am Jul 31, 2014 5:08am
Quoting Trillion2015
Can anyone tell me please when a account goes close .... I have Equity $2000 and Margin $ 1000...... If the equity goes on 0 or If the margin goes on 0 ???
Check with your Broker, it´s not the same with all
  • #913,416
  • Jul 31, 2014 5:12am Jul 31, 2014 5:12am
Quoting Trillion2015
Can anyone tell me please when a account goes close .... I have Equity $2000 and Margin $ 1000...... If the equity goes on 0 or If the margin goes on 0 ???
I assume you have 50% DD, and remaining margin available is 1000. Once that gets to zero= account close.
Hope you can recover it.. rgds
  • #913,417
  • Jul 31, 2014 5:13am Jul 31, 2014 5:13am
Quoting Trillion2015
Can anyone tell me please when a account goes close .... I have Equity $2000 and Margin $ 1000...... If the equity goes on 0 or If the margin goes on 0 ???
It should usually be when your Free Margin goes to 0, then all your posistions will close and you will have your Used Margin left in the account $1000. But again it depends on the broker, they do differ..
I don't even have a cool signature
  • #913,418
  • Jul 31, 2014 5:15am Jul 31, 2014 5:15am
Quoting parsifal23
{quote} Sorry to contradict you, but IMHO there is a lot more downside action waiting for us on that pair, 1.3150 will most likely be the next stop, after that we´ll go below 1.30, 1.28 wouldn´t surprise me either, I´m riding this downtrend since May 8th. Take care !
May 8th? highs, good job
  • #913,419
  • Jul 31, 2014 5:15am Jul 31, 2014 5:15am
Quoting parsifal23
{quote} Sorry to contradict you, but IMHO there is a lot more downside action waiting for us on that pair, 1.3150 will most likely be the next stop, after that we´ll go below 1.30, 1.28 wouldn´t surprise me either, I´m riding this downtrend since May 8th. Take care !
No problem, it's your opinion

But i don't think this will happen over the course of August / September 2014. The Why?! Most of Banks estimate was $1.34 by September and according to my own calculation $1.34 was due in December / January 2014 - conditioned by $1.38 / $1.39 first ... ( as u see i missed the target by 100/200 pips) there are two ways to interrupt this:

1- The bearish trend is super strong, no retrace no bull back - but this leaves u with a mega problem, who is buying the Euros - someone else is shorting!! This is a two player market, for a seller to earn / a buyer has to lose..

2- Mostly, banks start buying below their estimate level by 50 - 100 pips, since price have deviated by 1% over estimate, their stop losses becomes smaller, boosting their Risk/Reward ratio.
"It's the Margin, Stupid."
  • #913,420
  • Jul 31, 2014 5:16am Jul 31, 2014 5:16am
Quoting NoCoolNick
{quote} It should usually be when your Free Margin goes to 0, then all your posistions will close and you will have your Used Margin left in the account $1000. But again it depends on the broker, they do differ..
Sorry, that´s not true, Free Margin can go below 0, at which level you´ll receive a Margin Call differs from one Broker to the other, The Margin Level is the important number, check with your Broker at which level account will be closed, it differs
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