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  • #919,801
  • Edited 7:46am Aug 27, 2014 7:30am | Edited 7:46am
Quoting moneymove
{quote} Yeah I admit still risky short right now.
GU movement is similar to AU which might continue to NY .......

EA broke 1.4100 new lows on the way same goes to GA ......

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  • #919,802
  • Aug 27, 2014 7:31am Aug 27, 2014 7:31am
But I'm also a good indicator...every time I write about being confident, it falls...
f(z)=z2+c
  • #919,803
  • Aug 27, 2014 7:41am Aug 27, 2014 7:41am
Quoting hathor
Reading today's comments makes me confident about bouncing...if making new low -> the bounce will be even harder (over 1.36?...) nearly 90% of this thread is waiting for a lower low...
hehe, i think we can see clearly that this could not be the bottom. Atleast not untested.
I don't even have a cool signature
  • #919,804
  • Aug 27, 2014 7:52am Aug 27, 2014 7:52am
Quoting NoCoolNick
{quote} hehe, i think we can see clearly that this could not be the bottom. Atleast not untested.
why? how?

Edit:
IMO...this is not Charity Service, there won't be a clear bottom until we realise it 'was' the bottom...
and the new low at night (was night in Europe and evening in America) is quite crafty...going up till Friday would trap the shorts...and next week is execution for example...this is Central Bank style imo...

no2: testing is not a must...as it wasn't while it came down.
f(z)=z2+c
  • #919,805
  • Aug 27, 2014 7:56am Aug 27, 2014 7:56am
After the latest moves, I want to short 3240-50 even more. 3152 wasn't the bottom, but even if it was, there will be a re-test at some point.
Everyone can see the chart, but only a few can actually read it.
  • #919,806
  • Aug 27, 2014 7:59am Aug 27, 2014 7:59am
Quoting hathor
{quote} why? how? Edit: IMO...this is not Charity Service, there won't be a clear bottom until we realise it 'was' the bottom...
You are correct, but if this was bottom, we would be on the way to the moon by now. Or atleast som volatility. Range of 12-14 pips for 6 hours is not bottomplay, .. we are just following UDSx with a silencer on..
I don't even have a cool signature
  • #919,807
  • Aug 27, 2014 8:02am Aug 27, 2014 8:02am
so will snp500 get pumped again? or go below 2000?, DAX is holding up pretty well, super resilient....
  • #919,808
  • Aug 27, 2014 8:04am Aug 27, 2014 8:04am
Quoting NoCoolNick
{quote} You are correct, but if this was bottom, we would be on the way to the moon by now. Or atleast som volatility. Range of 12-14 pips for 6 hours is not bottomplay, .. we are just following UDSx with a silencer on..
maybe you're right...it's agonizing.
but: still waters run deep and because most of the traders are short, it would be too easy...after new low everybody would take profit, and call long...and that would mean it can't be a bottom again...and so on...
f(z)=z2+c
  • #919,809
  • Aug 27, 2014 8:13am Aug 27, 2014 8:13am
Quoting hathor
{quote} maybe you're right...it's agonizing. but: still waters run deep and because most of the traders are short, it would be too easy...after new low everybody would take profit, and call long...and that would mean it can't be a bottom again...and so on...
... and then suddenly someone wil call long at 0.0001 and he will be right
I don't even have a cool signature
  • #919,810
  • Aug 27, 2014 8:16am Aug 27, 2014 8:16am
Quoting NoCoolNick
{quote} ... and then suddenly someone wil call long at 0.0001 and he will be right
patience above all
f(z)=z2+c
  • #919,811
  • Aug 27, 2014 8:16am Aug 27, 2014 8:16am
have to say, we have started to get som real volatility now, 1M seems to be all over the place..
I don't even have a cool signature
  • #919,812
  • Aug 27, 2014 8:20am Aug 27, 2014 8:20am
IF this is a bottom, than
~ 1.33800
~ 1.34800
~ 1.35800

P.S: every time I started to write about targets, it made a new low...so bears thank me later!

Edit: ahh..wonder how many shorts are triggered here...buying here is not that beauty...so...chicken!
Edit 2#: me thinks short (from this area) SL's are over 1.32000
and now I shut up...peace!
f(z)=z2+c
  • #919,813
  • Aug 27, 2014 8:36am Aug 27, 2014 8:36am
Going Long = kamikaze


Today : 1.31515 at least.
If you fall, I shall be there. - The floor
  • #919,814
  • Aug 27, 2014 8:42am Aug 27, 2014 8:42am
Quoting hathor
{quote} maybe you're right...it's agonizing. but: still waters run deep and because most of the traders are short, it would be too easy...after new low everybody would take profit, and call long...and that would mean it can't be a bottom again...and so on...

How do you come to the conclusion, that most traders are short?

Regardless which brokers statistic I do look at right now, we have over 60% traders long, and when we look at volume it is even more heavy to the long side.....
  • #919,815
  • Aug 27, 2014 8:47am Aug 27, 2014 8:47am
Quoting moneymove
{quote} Yeah I admit still risky short right now.
Looking good so far .........
  • #919,816
  • Aug 27, 2014 8:53am Aug 27, 2014 8:53am
Quoting Ken A
{quote} Looking good so far .........
Yes, current hourly candle look good

Btw you visit cable update thread today? the great multi-mil trader return from vacation
That which does not kill us makes us stronger
  • #919,817
  • Aug 27, 2014 8:56am Aug 27, 2014 8:56am
Quoting infinitus
{quote} How do you come to the conclusion, that most traders are short? Regardless which brokers statistic I do look at right now, we have over 60% traders long, and when we look at volume it is even more heavy to the long side.....
I know I'm paranoid, but I don't give a lollipop to informations, that comes from bokers...
rather spectate forums...
f(z)=z2+c
  • #919,818
  • Aug 27, 2014 8:58am Aug 27, 2014 8:58am
i see a lot of traders are trading emotioanally..

stop loss is your best friend. But if you passed that point (i mean if you didnt put a stop loss point) just pray. Have a good bet! I would prefer to play bet on Real Madrid - Elche football match which odd is 1/8 instead.
Think like this.. After you analize, you predict that it will go up to 1.3200 and you bought it at 1.3180 .. Put your SL 1.3168 and TP say 1.3198 and sit back! ..
So if your are smart,your analyize works it will go up as you predicted and you will have your target. But if things go wrong you will have your best friend near you: stop loss. Thats mean is: you were wrong and your best friend came to help you and you were wrong.

This is just my opinion about how to not be a terrible trader.
Its not an advice and sorry for grammar.
  • #919,819
  • Aug 27, 2014 9:00am Aug 27, 2014 9:00am
Quoting moneymove
Btw you visit cable update thread today? the great multi-mil trader return from vacation
No avoiding the bullshit .....

Too many internet billionaires and internet royalty there ....
  • #919,820
  • Aug 27, 2014 9:02am Aug 27, 2014 9:02am
Quoting Ken A
{quote} No avoiding the bullshit ..... Too many internet billionaires and internet royalty there ....
That which does not kill us makes us stronger
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