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  • #916,281
  • Aug 12, 2014 12:07pm Aug 12, 2014 12:07pm
Last night made a call on the GDP
http://www.forexfactory.com/showthre...91#post7667491

Here is thoughts on wall street journal
http://blogs.wsj.com/briefly/2014/08...ne-gdp-report/
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #916,282
  • Aug 12, 2014 12:07pm Aug 12, 2014 12:07pm
Haven't posted in a while here but my trading is going good.

Took a few heavy losses the past 10 days but im back on track

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  • #916,283
  • Aug 12, 2014 12:10pm Aug 12, 2014 12:10pm
Quoting Imaywin
{quote} I don't think we will stay in that 1.33/1.34 range 3 more weeks anyway. So either we break on the upside or the downside.
Oh yeh. Aug'2014 has 5 full week ends which happens once in 10 centuries. I guess, last time it happend in year 1119.
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  • #916,284
  • Aug 12, 2014 12:13pm Aug 12, 2014 12:13pm
Quoting CholiPop
Do you see how with just a few seconds left in the life of that 15m candle the price started to move away from the sl line? That is why I wager on the close across the sl instead of the touch. Because when we back test, we back test the open and close, not the price action in between the tf you are back testing. {image}
We fast forward an hour and what do we see on the 15m of EJ? We see since getting the signal to buy (arrow marked in yellow)

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1) The same candle which triggered us to buy NEVER was engulfed (although coming close to it for more then 45 mins)

2) Not one engulf of a green candle.

Of course it isnīt a ton of pips, but the reality is you can scalp the amount of pips you want instead of sitting and waiting for it.
Banks scalp, why don't you?
  • #916,285
  • Aug 12, 2014 12:16pm Aug 12, 2014 12:16pm
Quoting Magicmen
Partial profit taken at 3360. My 3372 still under water. CYA tomorrow. GL
I will take you into profit, long myself from 3350, target depends on 3400 reaction, if we get as high tomorrow.
Everyone can see the chart, but only a few can actually read it.
  • #916,286
  • Aug 12, 2014 12:18pm Aug 12, 2014 12:18pm
Quoting Imaywin
{quote} I don't think we will stay in that 1.33/1.34 range 3 more weeks anyway. So either we break on the upside or the downside.
Even if it breaks out of this level, it will come back, I think, looks like a good pivot. Even if we get as high as 35 or more or down to 31 or less, 33 should be a good target after moves like that.
Everyone can see the chart, but only a few can actually read it.
  • #916,287
  • Aug 12, 2014 12:33pm Aug 12, 2014 12:33pm
buying @ 1.33577 TP @ 1.34235 will see the result
  • #916,288
  • Aug 12, 2014 12:40pm Aug 12, 2014 12:40pm
Quoting CholiPop
EUR-USD and EUR-JPY are both buys based on my 15M calculation. EU buy is to be closed at a lost once the bid on the 15m chart closes under 1.33461 EUR-JPY sell is to be closed once the bid on the 15m chart closes under 1.36.412 {image}
SL never hit on either pairs. Since time of the post EU is up 20 pips, and EJ up 20 pips also.
Banks scalp, why don't you?
  • #916,289
  • Aug 12, 2014 12:45pm Aug 12, 2014 12:45pm
Quoting brokerbear
Haven't posted in a while here but my trading is going good. Took a few heavy losses the past 10 days but im back on track {image}
You made 6 pips on EU and it meant 24%+ to your account? Do you leverage 1:400? If so, thats not trading, but pure gamble.
Everyone can see the chart, but only a few can actually read it.
  • #916,290
  • Aug 12, 2014 12:46pm Aug 12, 2014 12:46pm
again all data from the EUR are negative
  • #916,291
  • Aug 12, 2014 12:49pm Aug 12, 2014 12:49pm
Quoting sherifFares
again all data from the EUR are negative
That only matters to swing traders, its mostly scalpers or traders aiming for 50-100 pips in here.
Everyone can see the chart, but only a few can actually read it.
  • #916,292
  • Aug 12, 2014 12:49pm Aug 12, 2014 12:49pm
Quoting FXSayWhat
On the other hand, from the fundamental perspective, after Italy entered recession, there are 3 other things i am looking at this week, French GDP German GDP EUR Zone GDP ​{image} I believe if EUR zone GDP turned out to be disappointing, it's very likely to have new lows in EU. Let's break it down in countries, Italy is in recession. French is hanging on the edge. How Germany does will directly affect the EUR zone GDP. {image} If EUR Zone GDP fails to impress on 8/14, EU would very like to reach new low. {image} Given the fact Italy posted...

Looking at your stats image.. it looks it is going to be more down. but there are usd unemployment claims as well.. if they disappoint then it will reverse the affect....wht u say ?
  • #916,293
  • Aug 12, 2014 12:52pm Aug 12, 2014 12:52pm
Quoting Magicmen
{quote} Oh yeh. Aug'2014 has 5 full week ends which happens once in 10 centuries. I guess, last time it happend in year 1119. {image}
How about March 2014, does this count as full weekends.
1st weekend = 1, 2
2nd weekend = 8,9
3rd weekend = 15, 16
4th weekend = 22, 23
5th weekend = 29, 30
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  • #916,294
  • Aug 12, 2014 1:04pm Aug 12, 2014 1:04pm
Quoting OnlineAddict
{quote} I will take you into profit, long myself from 3350, target depends on 3400 reaction, if we get as high tomorrow.
Thank you my friend.
  • #916,295
  • Aug 12, 2014 1:06pm Aug 12, 2014 1:06pm
Quoting mohai
{quote} How about March 2014, does this count as full weekends. 1st weekend = 1, 2 2nd weekend = 8,9 3rd weekend = 15, 16 4th weekend = 22, 23 5th weekend = 29, 30 {image}
Sorry. I missed Friday. 5 Fri, 5 Sat and 5 Sun occurs once in 823 years.

More at http://www.timeanddate.com/calendar/823-years.html

Edit: You are right. Its hoax as per the above link
  • #916,296
  • Edited 1:35pm Aug 12, 2014 1:23pm | Edited 1:35pm
Quoting sami4240
{quote} Looking at your stats image.. it looks it is going to be more down. but there are usd unemployment claims as well.. if they disappoint then it will reverse the affect....wht u say ?
sure, they are both important in a sense.
How much I weight on them would depends on what the actual number after release.

When asked how to make the choices in this situation,
If I wanted to Short EU on 4H+ chart, i would need to see a GDP deterioration and at least a in-line US job claim number.
As for long, I wouldn't place too much bet on long since EU is heavy bear these days due to the latest round of economy data and geopolitical tension. Plus we have not seen a near term solid bottom support yet on daily chart. So I would stay away from long since i do not know where should place my stop.

If I wanted to Short EU on 4H- chart, all i need is a confirmed GDP deterioration in EUR zone and take or lock my profit before USD job claim comes out.
My chart i pulled from earlier is somewhat hinting a lower EU, but still i suggest you act according to the price action at the time numbers are released and prepared yourself for any surprises.

Am I making sense?
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #916,297
  • Aug 12, 2014 1:30pm Aug 12, 2014 1:30pm
In the Weekly chart, the last two candles have a tail on the downside, So expecting a bounce sometime this week. I am expecting we might see a green weekly candle.

Disclaimer: I don't have a crystal ball, its all a guess.
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  • #916,298
  • Aug 12, 2014 1:55pm Aug 12, 2014 1:55pm
We should know that economic datas are useless
sometimes
The fragrance remains in the hands of those that gves the rose
  • #916,299
  • Aug 12, 2014 2:01pm Aug 12, 2014 2:01pm
we had a FNL = "failed new low" on euro again today... looking good for the bulls..... still long euro
"W. D. Gann said that time is the most important factor among all things."
  • #916,300
  • Aug 12, 2014 2:08pm Aug 12, 2014 2:08pm
Quoting okosodo
We should know that economic datas are useless sometimes
Hey Okosodo, I believe if tonight's GDP comes out bad, it would be a good trigger for a near term EU leg down and well put us on the 1.3300 or lower.
This is one piece news i would't ignore tonight.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
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