I expect a reversal because aug us data will be %70 bad (disclude unemployment)
too late for a short position, still early for a long position..
trading g/chf, g/nzd just makes more sense to me...
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Disliked{quote} No to be honest GM some times it is shit,,lol i dnt pay attention to it but then i look back and you do get some good moves off it.It shows when price clears emas but it can go back a little look at the weekly ,,you have to get out too,{image}Ignored
Disliked{quote} well done great stuff ,,new tractor maybe lol ,,or have you spent t on the ladies lolIgnored
Disliked{quote} Just wondering, I carry no g/u positions but I mighht enter long in 3-4 week time I expect a reversal because aug us data will be %70 bad (disclude unemployment) too late for a short position, still early for a long position.. trading g/chf, g/nzd just makes more sense to me...Ignored
Disliked{quote} Just wondering, I carry no g/u positions but I mighht enter long in 3-4 week time I expect a reversal because aug us data will be %70 bad (disclude unemployment) too late for a short position, still early for a long position.. trading g/chf, g/nzd just makes more sense to me...Ignored
Disliked{quote} Hi HDA, Thanks for the updates & lessons. Nice trading. With the options @ 1.6550 & 1.6600 both @ $110 million, why wouldn't the option holders of 1.6600 defend that level just as strongly as the option holders of the 1.6550 level? You said "1.6550 is likely to hold, so we are going UP". With price right in the middle of the 2 levels, I'm just curious as to your reasons for thinking one level would be stronger than the other with the $ amount the same @ each level. I'm not disagreeing with...Ignored
Disliked{quote} @srt: I want you to imagine that the options for tomorrow expired at 10am and regardless of whether 1.6550 and 1.6600 defend their level. Just imagine that all options have expired, what are you now left with to analyze? Please see your chart below - and give me all the high probability reasons why 1.6550 should hold? There is only one condition. YOU MUST GIVE ME FACTUAL REASONS Tell me everything that has happened factually to support the high probability. {image} HDA OUTIgnored
Disliked{quote} Hi HDA, Thanks for the response. Well, based upon my analysis of the chart, I'd say price is @ pretty strong support on the weekly so option holders are probably more willing to be holding longs than shorts(if options should expire in the $) so less likely to be defending the 1.6600. Not sure I have any facts.Ignored
Disliked{quote} @srt: Come on srt - look at what has happened all week - look for the facts. Open your mind - train your eyes to see every thing. Give me three more factual reasons and remember I said, all options have expired, so we are no longer looking at options for additional factual reasons. Waiting patiently HDA OUTIgnored
Disliked{quote} FACTS: 1-This weeks low is higher than last weeks low. 2-We're above last weeks close. 3-2nd day in a row with higher-high & higher low. 4-Gapped lower & couldn't continue lower. 5-First higher weekly low after 7 weeks straight of lower lows. 6-Very narrow range week. 7-Price is above this weeks open. **No more momentum to the downside. Price going no-where. Inside bar this week. Indecision.Ignored
Disliked{quote} Carneys Carnage potential rate rise = investment in GB remember 5.5% and 2 dollar to the pound plus the crazzzy scottsIgnored
Disliked{quote} Sorry, talking heads aren't facts & I can't see them on a chart.Ignored
Disliked{quote} FACTS: 1-This weeks low is higher than last weeks low. 2-We're above last weeks close. 3-2nd day in a row with higher-high & higher low. 4-Gapped lower & couldn't continue lower. **No more momentum to the downside. Price going no-where. Inside bar this week. Indecision.Ignored
I could go on with more reasons.
Now give me the FACTUAL REASONS for SHORTS and after you weigh the two - you either stand aside or TRADE either.
We must always look at both sides of the coin - BULL and BEAR - that way you keep your analytical mind open and not create a bias.
Let's See What Happens
Please see position trading plan, posted long before the market moved and you have a look see if it is doing what was stated. Now the rise I spoke about that is going to defy all logic is what is left to come to complete the trading plan.
http://www.forexfactory.com/showthre...90#post7697890
Please take note of the price levels in the trading plan from 1.6730 down to 1.6500
http://www.forexfactory.com/showthre...33#post7646533 - ORIGINAL PLAN written, Friday, August 1. 2014
HDA OUT
Disliked{quote} @srt: Always remember this and in the future, I want you to observe what happens everytime bear stops are cleared at the DEMAND ZONE or bull stops are cleared at the SUPPLY ZONE. 1.6610 stops were cleared (weak probability to be short) at the DEMAND ZONE - whenever that happens, the way is being cleared to move in that direction. The market has been heavy short and the first set of bearish stops have been cleared (HINT) What causes the explosive move up is that sellers will start to exit there shorts, profit taking. Those who sold at support...Ignored
Disliked{quote} @srt: Always remember this and in the future, I want you to observe what happens everytime bear stops are cleared at the DEMAND ZONE or bull stops are cleared at the SUPPLY ZONE. 1.6610 stops were cleared (weak probability to be short) at the DEMAND ZONE - whenever that happens, the way is being cleared to move in that direction. The market has been heavy short and the first set of bearish stops have been cleared (HINT) What causes the explosive move up is that sellers will start to exit there shorts, profit taking. Those who sold at support...Ignored