thanks infinitus. There's a book or website to learn?
Greets
Greets
Bavarian Trading FX
- #15,842
- Aug 20, 2014 3:42am Aug 20, 2014 3:42am
- Joined Jun 2010 | Status: zero | 20,603 Posts
fake move or not?
so far I do not see enough volume to undermine the dip down
but let us see how thinks develop
we are below the no-business zone and that itself is bearish so far
so far I do not see enough volume to undermine the dip down
but let us see how thinks develop
we are below the no-business zone and that itself is bearish so far
- #15,845
- Aug 20, 2014 4:01am Aug 20, 2014 4:01am
- Joined Jun 2010 | Status: zero | 20,603 Posts
EU playing field
- #15,848
- Aug 20, 2014 5:22am Aug 20, 2014 5:22am
- Joined Jun 2010 | Status: zero | 20,603 Posts
just to say: {image} that was yesterday evening when price was around 3318 the low today was 3285 so the account was nearly wiped out, I guess see, that is the problem with all the Trade Explorers of the Demo-Pippers. Over-leveraged, poor money management, designed, only to attract and mislead the newbies............ Where is his Trade Explorer now, I might ask.
OK, by now his account should be busted, but I am sure he survived by "hedging" with a 0.1 Lot trade against a 20 Lot trade
- #15,849
- Aug 20, 2014 6:30am Aug 20, 2014 6:30am
- Joined Jun 2010 | Status: zero | 20,603 Posts
EU Murrey Math levels and direction (VWAP assisted) the intermediate risk lays towards 3184 on the lower side short term the system calls for a retracement towards 3336 to 3367 zone short term risk may be defined as 3275 grrrrrr - hate it, when I am not sure about the damn EW count {image}
OK, was hit to the pip
but will it hold?
- #15,850
- Aug 20, 2014 7:47am Aug 20, 2014 7:47am
- Joined Oct 2011 | Status: Lost.... | 2,384 Posts
Lost....
- #15,851
- Aug 20, 2014 8:42am Aug 20, 2014 8:42am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
I stay of the sideline with all my EURUSD short orders and wait. All my open swinging trade orders were closen today ~1.3290. All my EURUSD Long Orders are further running into the loss zone since several weeks. I let all these into the market due to my expectation that we'll see 1.40 again, and ...maybe 1.45. The time will change, ...the market will change and my next chance will come. The rest is risk- & money-management. If I would earn 20% profit this year of my long term accounts, I will be more than satisfied. No european bank would give me 4% per anno actual. If EURUSD will going more downside till 1.27, 1.2050 I will going long again with one half of all my longer term deposits. But maybe european declare insolvent - bankruptcy - this year, what's then? Then it is like it is! This trading year would not come to the best end in that case.
FXcube
FXcube
- #15,852
- Aug 20, 2014 11:13am Aug 20, 2014 11:13am
- Joined Jun 2010 | Status: zero | 20,603 Posts
I don't know, Fini, but I have 1.3248 as the 1.618% fib to unload my shorts and go long. The EMAs show further decline in the mid term with a possible short term top at 1.3327 (50-day) while the BB mid level shows 1.3300.
3248?
Hmmm, why so fib-fixated?
3234 I have a high volume zone, which attracts. But chances then are very good, that price tries the following no-business-zone out @ 3183.
- #15,853
- Aug 20, 2014 11:22am Aug 20, 2014 11:22am
- Joined Jun 2010 | Status: zero | 20,603 Posts
I stay of the sideline with all my EURUSD short orders and wait. All my open swinging trade orders were closen today ~1.3290. All my EURUSD Long Orders are further running into the loss zone since several weeks. I let all these into the market due to my expectation that we'll see 1.40 again, and ...maybe 1.45. The time will change, ...the market will change and my next chance will come. The rest is risk- & money-management. If I would earn 20% profit this year of my long term accounts, I will be more than satisfied. No european bank would give me...
Situation sucks if you are waiting for long setup. I would not be so fixated with the 1.4x target and above. For me there was a game changer. The FED is about to tighten, whereas the European are more or less about to loosen.
What will you do, when EU goes towards parity? Hope you then have enough firepower left.
So many have recently talked about the demise of the USD, trade agreements of the Rusian and Chinese and Indian to circumvent the USD etc. Sentiment is so bad for USD, nevertheless the USD is climbing. EW textbook (sentiment). The demis of the USD will happen, when all are super bullish and complacent about the USD. Way to go from here.........
take care my friend. Since you are the master of hedging and managing positions, I do think you will do the right
- #15,857
- Aug 20, 2014 4:48pm Aug 20, 2014 4:48pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
EU
6h TF
my alternative view
here we are in subwave 5 of the impulse down from the 37oo high
6h TF
my alternative view
here we are in subwave 5 of the impulse down from the 37oo high
- #15,860
- Aug 20, 2014 7:28pm Aug 20, 2014 7:28pm
- | Joined Jun 2013 | Status: Trader | 1,144 Posts
{quote} got a chart from EWI tonight with a count for UDX they see 82,39 as ideal target for subwave 5 of wave 3 Problem with EW counts on UDX and EU recently: nearly all EW pundits are in the same camp roughly. We know what that means, don't we?
very well..
