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  • #923,701
  • Sep 13, 2014 4:02am Sep 13, 2014 4:02am
http://www.efxnews.com/story/26054/b...hoot-jp-morgan

Fundamentals say E/U should be at 1.3300, Technicals call for a rebound toward that target too.
  • #923,702
  • Sep 13, 2014 4:10am Sep 13, 2014 4:10am
Quoting KamilM
{quote} Thing that you tell my age thank's of looking at crest - told me everything about your mental maturity... BTW. I'm 24 yo 5. - I playing for fun or for life is not your problem. Everyone here - nice people who creating very nice community - thats why i like it but you have to spit venom. All the best for you
I wasn't talking about you. I was talking about myself. I am 18 years old and trade for fun.

I don't know if you trade for fun or not, and it is non of my business. Good pips for you
Not about how much you win, but how much you loose
  • #923,703
  • Sep 13, 2014 4:16am Sep 13, 2014 4:16am
Quoting Imaywin
http://www.efxnews.com/story/26054/b...hoot-jp-morgan Fundamentals say E/U should be at 1.3300, Technicals call for a rebound toward that target too.
i am now on your side. i have review my mistakes of yesterday and seen that i was supposed to be longing not shorting. thumbs up. But still bearish long term.
  • #923,704
  • Sep 13, 2014 4:31am Sep 13, 2014 4:31am
Quoting ephisi
check your daily charts. 12th of june to 30th june 2014. that was a correction. i believe we will repeat such move. alot of choppy up and down moves in an upward channel till the correction is over. the correction may be 200pips from 1.2858 bottom or more. have a great weekend
Quoting ephisi
{quote} We should have such tricky price action for some time. so will be taking profits same day maybe 40 to 80pips. no holding trades for days. till the crazy PA clears up
Quoting ephisi
@vlady and house. I just reviewed my trades of yesterday and seen i had a blind spot yesterday. there are certain things i didn't notice on my chart because i was married to d down side. we were actually supposed to be long biased yesterday. not that we were printing higher lows on the 1hr chart and we had a strong 1hr/4hr ascending trend-line. on the other hand price kept testing 1.2952/62. as a matter of fact price tested 1.2952/62 8good times since the 4th of September. while we kept making higher lows. that should have meant break out to the...
Revised my entries for Monday upwards. long biased. will be looking for longs around 1.2930/45ish while shorts fro 1.2988/94 ish
  • #923,705
  • Sep 13, 2014 5:06am Sep 13, 2014 5:06am
SOME OF YOU bears are really funny. On the weekly chart we have a close ABOVE last week's close . on the Daily chart we have a closes ABOVE the previous day's close and you still want to short ? well i guess somebody has to loose for me to win
  • #923,706
  • Sep 13, 2014 5:16am Sep 13, 2014 5:16am
Quoting ericnyamu
SOME OF YOU bears are really funny. On the weekly chart we have a close ABOVE last week's close . on the Daily chart we have a closes ABOVE the previous day's close and you still want to short ? well i guess somebody has to loose for me to win
Gidday

I been taking a few longs also

Nothing big

30 pips etc
  • #923,707
  • Sep 13, 2014 5:40am Sep 13, 2014 5:40am
Quoting hathor
3x30min / 6x15min left from this week...and both m15/m30 gives me buy signal. I think it wants to retest the high or at least the down move's 50%. Note: it's end of week and volatility is low, so not perfect conditions...might be false signs.
Actually worked very nice...it already touched 50% of last down move and looks like will touch 100%...
And on H4 a possible butterfly, target between the two yellow line:
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.09.13. EurUsd H4.png Size: 13 KB
f(z)=z2+c
  • #923,708
  • Edited 7:47am Sep 13, 2014 5:52am | Edited 7:47am
USDCAD
On the long timeframes there are some new targets but for entries we need retracement on the 4 hours chart where price completed ABCD after BFly Sell off.
Price dropped from last week's Bfly setup (http://www.forexfactory.com/showthre...89#post7721189) 100 pips and stopped at .447 Ret 4 hours chart + Weekly R1 retest to advance another 160 pips breaking above 61.8 Ret Weekly . Ideally we would be looking to a reaction to the .707 Ret Weekly chart + 1.618 Ext 4 Hrs chart (where price is at the moment 1.1095), so not the place to get long, wait for 50% Ret for best R:R trade. I posted below what I see at the moment, that is a major ABCD Weekly chart targeting 1.14 which is 1.618 Ext + Yearly R2 area and that should provide good opportunity to sell again, this one was posted here before at http://www.forexfactory.com/showthre...ad#post7712755. During retracement we don't want to see price passing 50% down, that would be a worrying sign. We can try to scalp down (smaller position) as long you are aware of the risks.
Also this weekly chart target is beyond MR3, but because of previous months's low volatility many of these pivots are not working as well as they usually do.
I will post best entry if possible.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD 4 hrs Sept.png Size: 173 KB
Click to Enlarge Name: USDCAD ABCD weekly Sept.png Size: 155 KB
We watch the charts from every angle so you don't have to!!
  • #923,709
  • Sep 13, 2014 6:02am Sep 13, 2014 6:02am
Quoting hathor
Reasons why can the pair at least bounce and why I think it can be even a long term trend change: -Bollinger -CCI (14) -Stochastic (8,3,3) -Last bullish channels on higher time frames (this is stupid, there are more, but last near bullish channels) + a very strong bull signal on weekly time frame in one of my favourite system (Note: new low would not invalidate the signal, but it's dangerous to not respect the low, because this signal works with ~70% probability - so we have 30% to fail big) So I'm thinking on further buy at least for short term....
The weekly signal I was talking about:
See the Dracula teeth on the very left side on my lovely 'Diablo indi'? And see the Dracula teeth finished this week?
And also note the right teeth is longer, than the left?
So spooky!!
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.09.13. EurUsd Weekly Diablo.png Size: 52 KB
f(z)=z2+c
  • #923,710
  • Edited 7:34am Sep 13, 2014 6:04am | Edited 7:34am
Quoting pedro319
GOLD Possible harmonic scenarios and how I will trade them. These are just possibilities with no confirmation from price action and no patterns formed yet. I do this in order to create a plan that can be traded. Weekly chart ABCD Target extension 1.618 + MS3 at 1195 Bfly Sell Here I have extended the leg down to anticipate .786 ret + MS1 confluence for long Target 1.618 at around 1443 Daily chart ABCD Last week ABCD up was cancelled and now it could become the inverse. This is why it is important to know exactly where the stops should be and accept...
GOLD
I have posted this before but not able to take full advantage of it! PA has taken the previous lows (weekly) and that means possibility of Daily Bfly Buy just vanished. Next weekly target should be 1177 area, that is natural support and completion of ABCD 1.618 Ext same TF. Look for entries short after retracement, even smaller tfs should provide opportunities at precise fib levels + daily or weekly pivots which should be combined with nice reversal rejection candles.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD ABCD Sept.png Size: 160 KB
We watch the charts from every angle so you don't have to!!
  • #923,711
  • Sep 13, 2014 6:17am Sep 13, 2014 6:17am
Quoting ephisi
{quote} {quote} {quote} Revised my entries for Monday upwards. long biased. will be looking for longs around 1.2930/45ish while shorts fro 1.2988/94 ish
House, i just realized i could partake in a traders contest. i will be posting less in here. but will definitely pop in from time to time to share my views.
love yall.

@EURUSDD God bless you real good. @jonas s.r.b God bless you @fxtriumph my discussion with you was the icing on eurusdds cake. Thanks so much. @vlady my" in sync "trading buddy. . Thanks mate. and everyone on the eurusd thread. love you all
  • #923,712
  • Edited 8:22am Sep 13, 2014 6:39am | Edited 8:22am
Quoting pedro319
USDJPY PA has reached all my targets which doesn't mean it won't go higher, we have the pattern and the fib levels, what we need now is reversal candle or reversal pattern on smaller timeframe, remember this a weekly Bfly sell so it won't work as fast as the other one in CAD. However this is now over 300 pips with very little risk. I have one remaining long that will only close when reversal appears. Yesterday tried a short PA went down quite fast only to come back up. USDCAD BFly Sell working pretty well (100 Pips) use 4 hour and daily candles...
USDJPY
I am beginning to think that this move could extend to 111.00 area, yearly R1 + 1.618 Ext Weekly chart from Nov 2013 top and that goes in line with everything I see elsewhere, of course in FX things do change abruptly most of the time, but at least I know that with no solid reversal daily / 4 hours signs there is no point to even contemplate the idea.

AUDUSD
Price broke below 50% Ret Weekly and MS3 and now 0.8983 (61.8) is on the cards. I will be very aware of any reversal candles namely 4 hrs and daily around that area for eventual surprise. Look for short entries until price reaches that area. Unemployment numbers (cause of the fall) are now being questioned as to their validity.

GBPUSD
Gap was closed and now there is no reason for price to proceed higher unless we are initiating a new bull run. Now a couple of moments to think about. Price hasn't touched 50% Monthly chart + Yearly pivot at least according to my brokers, + despite reaching 38.2 Ret 4 hours chart and MACD negative divergence price didn't turn down.

EURUSD
The idea posted worked out and now we should be looking at first area of contact at 1.3000, .447 or 50% Ret 4 hours chart + broken and untested from below MS1 + new Weekly R1, we could be looking at a ABCD down that would target 1.2769 weekly target and strong natural support (chart below). Recall that before last plunge price retraced precisely .447 4 hrs chart.
Also, moves above 61.8 will look very suspicious, daily close above 1.300 as well, very fast move up etc... To enter short we will need PA confirmation and confluence. I will update this at the beginning of next week.
Important: Next week we have Fed Interest rate and MBS purchase program data.
Attached Image (click to enlarge)
Click to Enlarge Name: euro abcd sept.png Size: 167 KB
We watch the charts from every angle so you don't have to!!
  • #923,713
  • Sep 13, 2014 6:59am Sep 13, 2014 6:59am
Quoting pedro319
{quote} USDJPY I am beginning to think that this move could extend to 111.00 area, yearly R1 + 1.618 Ext Weekly chart from Nov 2013 top and that goes in line with everything I see elsewhere, of course in FX things do change abruptly most of the time, but at least I know that with no solid reversal daily / 4 hours signs there is no point to even contemplate the idea. EURUSD The idea posted worked out and now we should be looking at first area of contact at 1.3000, .447 or 50% Ret 4 hours chart + broken and untested from below MS1, we could be looking...
Excellent analysis! !
  • #923,714
  • Sep 13, 2014 7:11am Sep 13, 2014 7:11am
Quoting Imaywin
http://www.efxnews.com/story/26054/b...hoot-jp-morgan Fundamentals say E/U should be at 1.3300, Technicals call for a rebound toward that target too.
Go to real news, not J P Morgan's predictions on efxnews. Reuters etc, and draw your own conclusions. Advice: The market is a bull or bear, not the trader, go with the PA.
  • #923,715
  • Sep 13, 2014 7:19am Sep 13, 2014 7:19am
Quoting Imaywin
http://www.efxnews.com/story/26054/b...hoot-jp-morgan Fundamentals say E/U should be at 1.3300, Technicals call for a rebound toward that target too.
oh come on please, JPM models are the most basic possible - a 10 year old could make them.

Here are two that I've just quickly made. The thing with models, is that you can make them show you what you want. so here we have the EURUSD in white, vs two models in red. one suggests 1.34, the other suggests 1.2957... which one is correct? (hint: neither)

So when you say fundamentals say EUR should be 1.33, that is complete rubbish.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR vs models.png Size: 97 KB
  • #923,716
  • Sep 13, 2014 7:38am Sep 13, 2014 7:38am
Quoting Imaywin
http://www.efxnews.com/story/26054/b...hoot-jp-morgan Fundamentals say E/U should be at 1.3300, Technicals call for a rebound toward that target too.
JP Morgan says this,Wellsfargo says that BOA said that MIG banks is saying that . who do you believe.?trade the charts . trade what you see.
  • #923,717
  • Sep 13, 2014 7:40am Sep 13, 2014 7:40am
Quoting hathor
3x30min / 6x15min left from this week...and both m15/m30 gives me buy signal. I think it wants to retest the high or at least the down move's 50%. Note: it's end of week and volatility is low, so not perfect conditions...might be false signs.
sure way to blow up an account
  • #923,718
  • Sep 13, 2014 7:42am Sep 13, 2014 7:42am
Quoting ephisi
{quote} {quote} {quote} Revised my entries for Monday upwards. long biased. will be looking for longs around 1.2930/45ish while shorts fro 1.2988/94 ish
am guessing you are day trading.ifnot thats pretty dangerous trying to pick a top
  • #923,719
  • Sep 13, 2014 7:54am Sep 13, 2014 7:54am
Attached Image
  • #923,720
  • Sep 13, 2014 8:11am Sep 13, 2014 8:11am
Quoting fatpanda
{image}
Got any miracle predictions for us Ohh fat one?
Why sell the bottoms when you can buy the tops...
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