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  • #917,101
  • Aug 16, 2014 4:37pm Aug 16, 2014 4:37pm
We certainly could push to 3250 where there would be a massive collection of stops run (and large orders down there as well).


Weekly RSI is approaching April/May 2012 lows, but still not under. This creates hidden divergence soon.
Once this low is set (and broken in the future), there will be a FAST move down to 1.27
(which should expand this weekly 55 BBands), as there is just nothing left for the RSI to run off of.

It will go into "slippage mode" and won't be able to find hidden divergence anywhere (except on the bearish side). Finding a bounce will be tough.
It will look similar to the Aussie in April and May of last year.

At least 80% of the traders on this forum are like "WTF is he talking about", but hey, you might figure it out one day!

Be glad I gave you this sneak peak but the rest is up to you.
Hope you get something out of it. Stare at this chart for an hour and shit will click for you (maybe).
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Be hopeful in a winning position, and fearful in a losing position.
  • #917,102
  • Aug 16, 2014 4:42pm Aug 16, 2014 4:42pm
Quoting Ken A
{quote} Nothing more than historical Support and Resistance from www.babypips.com, renamed it to Alpha, Omega, Holygrail, or anything to attract attentions + Delusion of Grandeur when you constantly seeking attentions...

  • #917,103
  • Aug 16, 2014 5:19pm Aug 16, 2014 5:19pm
Quoting Rag2RichesFX
{quote} My buddy sees 3292 but I told him as I'll tell you that when a level is too obvious, people front run the level and sometimes it never comes to fruition. I know I certainly place "teasers" orders before the big orders, just because I'd rather catch the move with "something". Even if its a little something. I expect a dip to start the week but we should finally get that bullish weekly close this week I rarely enter market as a consumer of liquidity. Almost always as a producer. Thanks for the chart/view gator. Have a solid week.
the spike to 3432 was rejected on the 4h, since then, the next 3 4h hh attempts were rejected at 3414, 34077, and 3411. have some long upper shadows. i was considering 3466 when 3407 was breached. but i will not jump the gun. r at 3444 and we made a LL since, and the trend is down.. the only reason we have a bounce is bond and bund.. bunds are at 1%.. not much further can they drop. unless some want negative yields.. whats that say for ez confidence? is liquidity lessened . when increasing numbers want a lower return, instead of stocks. evident in stocks dropping as bund demand up
those who can, do. those who cant, talk about those who can
  • #917,104
  • Aug 16, 2014 5:23pm Aug 16, 2014 5:23pm
As I previously mentioned on EU thread http://www.forexfactory.com/showthre...62#post7678062
EU hold 1.3400ish and 1.3350 into the FOMC week.

I wouldn't expect this range break unless volatility spikes from below events next week.

  1. 8/20/14 11:00 AM (GMT-8) USD FOMC Minutes
  2. 8/22/14 07:00 AM (GMT-8) USD Yellen speaks
  3. 8/22/14 11:30 AM (GMT-8) EUS Draghi speaks (less likely to have good amount of volatility for the day since speech takes place towards the end of Friday section, but might affect EU the following week)​

​

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For other trade ideas next week, feel free to check out my latest thoughts on EURAUD
http://www.forexfactory.com/showthre...77#post7679277
On USDJPY, GBPNZD, GBPUSD, GBPAUD and GBPJPY.
http://www.forexfactory.com/showthre...91#post7679291
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #917,105
  • Aug 16, 2014 5:29pm Aug 16, 2014 5:29pm
Quoting infinitus
{quote}
if one has a way to say its going to a certain place with a high % of accuracy before another. i am all ears. whether it be s/r or not. its not what was in his analysis.
those who can, do. those who cant, talk about those who can
  • #917,106
  • Aug 16, 2014 5:36pm Aug 16, 2014 5:36pm
awesome only been back to FF for 2 weeks and already getting java drive by popups (which is why I left)

for real though... never visiting FF from a PC again
Be hopeful in a winning position, and fearful in a losing position.
  • #917,107
  • Aug 16, 2014 5:52pm Aug 16, 2014 5:52pm
Quoting gatorinla
{quote} the spike to 3432 was rejected on the 4h, since then, the next 3 4h hh attempts were rejected at 3414, 34077, and 3411. have some long upper shadows. i was considering 3466 when 3407 was breached. but i will not jump the gun. r at 3444 and we made a LL since, and the trend is down.. the only reason we have a bounce is bond and bund.. bunds are at 1%.. not much further can they drop. unless some want negative yields.. whats that say for ez confidence? is liquidity lessened . when increasing numbers want a lower return, instead of stocks....
whatever happens we just need these weekly ranges to increase. im dying of boredom and its not just a summer thing. its a 2013/2014 thing.

Want those 250-500 pip weekly candles back please.

Agree on the stocks dump..

3438 was my original TP but I'm flat now after closing 3394 last week.

Under 100 pips now
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Be hopeful in a winning position, and fearful in a losing position.
  • #917,108
  • Aug 16, 2014 6:05pm Aug 16, 2014 6:05pm
SPX is too easy (technically). Soros increased his bet 6 fold.
I honestly don't think he's that good, I think he has a trusted technician make the calls/place the trades.
Hard to imagine 80 year old guy with that much technical precision.
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Be hopeful in a winning position, and fearful in a losing position.
  • #917,109
  • Aug 16, 2014 6:17pm Aug 16, 2014 6:17pm
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  • #917,110
  • Aug 16, 2014 6:39pm Aug 16, 2014 6:39pm
Looks like some resistance above, but if it has legs then price action may just go higher ~ maybe 1350

.
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  • #917,111
  • Aug 16, 2014 9:30pm Aug 16, 2014 9:30pm
Quoting Rag2RichesFX
SPX is too easy (technically). Soros increased his bet 6 fold. I honestly don't think he's that good, I think he has a trusted technician make the calls/place the trades. Hard to imagine 80 year old guy with that much technical precision. {image}
you will be surprised that there still are people 80 years old out there that are smarter than you.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #917,112
  • Aug 16, 2014 9:47pm Aug 16, 2014 9:47pm
Quoting ffleo
{quote} you will be surprised that there still are people 80 years old out there that are smarter than you.
I am 91 but many 19 years are smarter than me.......... I know this because my newest girlfriend is very smart.
The Thief of Wall Street
  • #917,113
  • Aug 16, 2014 10:01pm Aug 16, 2014 10:01pm
Quoting Chicky
{quote} I am 91 but many 19 years are smarter than me.......... I know this because my newest girlfriend is very smart.
is it legit ?
Neural Network Algorithm and Econophysics
  • #917,114
  • Aug 16, 2014 10:27pm Aug 16, 2014 10:27pm
Quoting ffleo
{quote} you will be surprised that there still are people 80 years old out there that are smarter than you.
I know a few actually. I seek them for advice regularly. But better traders, technically? Unlikely. Markets move the same as they always have, but the tools we have to identify the moves are exponentially greater. Maybe he is a master technician and that's why his eyes are so bloodshot. Who knows.

So he learned internet trading (liquid trading) at age 70+, props to him. Buffet still hasn't. You don't need to be precise to make billions. You just need to value invest and wait 50+ years. Buffet shows that is true (although I'm sure he also has a team to identify perfect technical points that match his idea of a company's value)
Be hopeful in a winning position, and fearful in a losing position.
  • #917,115
  • Aug 16, 2014 10:35pm Aug 16, 2014 10:35pm
Quoting Vigovski
{quote} is it legit ?
This is much legit than a claim of consistently making 10% profit per week trading forex.
The Thief of Wall Street
  • #917,116
  • Aug 16, 2014 11:08pm Aug 16, 2014 11:08pm
Quoting Rag2RichesFX
{quote} I know a few actually. I seek them for advice regularly. But better traders, technically? Unlikely. Markets move the same as they always have, but the tools we have to identify the moves are exponentially greater. Maybe he is a master technician and that's why his eyes are so bloodshot. Who knows. So he learned internet trading (liquid trading) at age 70+, props to him. Buffet still hasn't. You don't need to be precise to make billions. You just need to value invest and wait 50+ years. Buffet shows that is true (although I'm sure he also...
Not trying to pick a fight here, just raising a couple points.

Can any modern state-of-the-art tool use the past to predict the future? No? Then the tools we have aren't any better than the tools used in the 40s. The only difference is we have more of them.

Buffett isn't a good trader because he value invests. He's a good trader because he sticks to his proven system. He's the same as any other profitable trader.
"Serenity, you sound like a frustrated Canadian living your life in the US"
  • #917,117
  • Aug 16, 2014 11:09pm Aug 16, 2014 11:09pm
Quoting Rag2RichesFX
{quote} I know a few actually. I seek them for advice regularly. But better traders, technically? Unlikely. Markets move the same as they always have, but the tools we have to identify the moves are exponentially greater. Maybe he is a master technician and that's why his eyes are so bloodshot. Who knows. So he learned internet trading (liquid trading) at age 70+, props to him. Buffet still hasn't. You don't need to be precise to make billions. You just need to value invest and wait 50+ years. Buffet shows that is true (although I'm sure he also...
Warren Buffet is a trader turned into an investor. As a trader, he looked for small profits with capital preservation. As an investor, he invested in the companies who's product or operations or both were unique and therefore lesser chance of affected by competition yet easy to understand the nature of products and operations. He keeps it simple. However, the most important factor contributing to his success is his good luck. The bottom line therefore is keep everything as simple as possible.
The Thief of Wall Street
  • #917,118
  • Aug 17, 2014 1:21am Aug 17, 2014 1:21am
Quoting Chicky
{quote} This is much legit than a claim of consistently making 10% profit per week trading forex.
  • #917,119
  • Aug 17, 2014 1:42am Aug 17, 2014 1:42am
Why Im bullish EURUSD and answer to email question I have received..

Inserted Video
"W. D. Gann said that time is the most important factor among all things."
  • #917,120
  • Aug 17, 2014 2:19am Aug 17, 2014 2:19am
Quoting gatorinla
{quote} if one has a way to say its going to a certain place with a high % of accuracy before another. i am all ears. whether it be s/r or not. its not what was in his analysis.

I am all ears, too.

But claiming probability "1" which means "certainty" is all what I was complaining about. With a probability of "1" I will be someday dead.


And even when we can claim (hypothetically) that a level XY will be revisited "sometimes" in the future with certainty - what value has this infoirmation, when we do not know


a) the time it needs (maybe I am dead then)

b) how far away the price will go from the XY level before returning there again



Look on his own trade explorer:


There you can witness three things:


a) he does not trade what he preaches

b) he holds trades for hours only to close them with 1-3 pips gain

c) he suffers severe drawdown when holding the trades, not seldomly 25% or more



Shall we pay attention to those calls or take them as god-given?

BTW:

my thumbs up was for the "Delusion of Grandeur " statement
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