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  • #925,221
  • Sep 19, 2014 6:30am Sep 19, 2014 6:30am
Let's see where the NY session wants to take it .. its been quite a week..
  • #925,222
  • Sep 19, 2014 6:35am Sep 19, 2014 6:35am
Those who are waiting to reach 1.27700, what is (are) the reason(s)?
Signal/indicator, technical/fundamental outlook?
f(z)=z2+c
  • #925,223
  • Sep 19, 2014 6:37am Sep 19, 2014 6:37am
Quoting MaxDoom
{quote} if you had held on a little more you might have got some profit.... so have you calculated your draw down percentage to assess the risk you took to get -10 pips gain? make sure you do, it's how you learn not to do it again.
since i opened that trade, there were three times i waited and waited for it to move little more to break even.. but it didnt.. so i told to myself, if it reach -10 pips, i'll close it and thats what i did.. i didnt wanna risk another bounce as the price was in daily s1..

i dont know how to calculate drawdown percentage and risks.. but my major mistakes were opening a high leverage trade and not putting a stop loss.. i'm prone to make these mistakes everytime.. i hope i learn..
Dont trade like me..
  • #925,224
  • Sep 19, 2014 6:38am Sep 19, 2014 6:38am
ejeejeeejejeej
  • #925,225
  • Sep 19, 2014 6:42am Sep 19, 2014 6:42am
Quoting hathor
Those who are waiting to reach 1.27700, what is (are) the reason(s)? Signal/indicator, technical/fundamental outlook?
It's possible, before price can rise to highers there must be strength established, or at the very least a strong indication that the weakness is beginning to subside. Don't see that just yet according to volume spread analysis. It will likely migrate lower, end with a large climax down, go sideways (consolidation area), then finally head up definitively.
  • #925,226
  • Sep 19, 2014 6:44am Sep 19, 2014 6:44am
Quoting 21vs7
ejeejeeejejeej
Spot on.

Watching the cable wobble today was a little bit more exciting.
  • #925,227
  • Sep 19, 2014 6:52am Sep 19, 2014 6:52am
Quoting hathor
Those who are waiting to reach 1.27700, what is (are) the reason(s)? Signal/indicator, technical/fundamental outlook?
simple.. where was the usd pre 911 before. where was it heading before then, chart indicated. and since then what has fundamentally changed? the last few years that weakened the usd over the last 40. partly responsible for taking the usd off the gold standard in the 1970s. shit happens, markets evolve. less need for cheaper labor when energy is the most costly ingredient in heavy manufacturing. companies build where its cheaper to build, business 101
those who can, do. those who cant, talk about those who can
  • #925,228
  • Sep 19, 2014 6:55am Sep 19, 2014 6:55am
bbl
those who can, do. those who cant, talk about those who can
  • #925,229
  • Sep 19, 2014 6:59am Sep 19, 2014 6:59am
Quoting 21vs7
ejeejeeejejeej
gjegjegjegje
  • #925,230
  • Sep 19, 2014 7:01am Sep 19, 2014 7:01am
Quoting gatorinla
{quote} simple.. where was the usd pre 911 before. where was it heading before then, chart indicated. and since then what has fundamentally changed? the last few years that weakened the usd over the last 40. partly responsible for taking the usd off the gold standard in the 1970s. shit happens, markets evolve. less need for cheaper labor when energy is the most costly ingredient in heavy manufacturing. companies build where its cheaper to build, business 101
Thanks Gatorinla!
f(z)=z2+c
  • #925,231
  • Sep 19, 2014 7:04am Sep 19, 2014 7:04am
Quoting Bruzo
{quote} Spot on. Watching the cable wobble today was a little bit more exciting.
why watch... much more exciting being short cable, GJ, EJ, EU
and yesterday I thought today's lack of news would give range heading to end of week profit taking
  • #925,232
  • Sep 19, 2014 7:04am Sep 19, 2014 7:04am
Quoting hathor
Those who are waiting to reach 1.27700, what is (are) the reason(s)? Signal/indicator, technical/fundamental outlook?
Natural support + 61.8 ret completion weekly chart + ABCD that you just posted. Now we need to break below .786 ret Hour chart.
We watch the charts from every angle so you don't have to!!
  • #925,233
  • Sep 19, 2014 7:09am Sep 19, 2014 7:09am
Quoting pedro319
{quote} Natural support + 61.8 ret completion weekly chart + ABCD that you just posted. Now we need to break below .786 ret Hour chart.
Thanks Pedro!
f(z)=z2+c
  • #925,234
  • Sep 19, 2014 7:10am Sep 19, 2014 7:10am
Quoting MaxDoom
{quote} why watch... much more exciting being short cable, GJ, EJ, EU and yesterday I thought today's lack of news would give range heading to end of week profit taking
I'm much less familiar with yen .. but I believe ya. I quickly closed a cable long before the whole shake..

GBP has been hammered a lot. The hawks must be happy with today.
  • #925,235
  • Sep 19, 2014 7:13am Sep 19, 2014 7:13am
Something's Gotta Give

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  • #925,236
  • Sep 19, 2014 7:15am Sep 19, 2014 7:15am
Quoting Bruzo
{quote} I'm much less familiar with yen .. but I believe ya. I quickly closed a cable long before the whole shake.. GBP has been hammered a lot. The hawks must be happy with today.
it's worth getting to know USD YEN EUR even if you only trade a single pair, it provides greater understanding to what is going on...

closed my cable and GJ shorts now
  • #925,237
  • Sep 19, 2014 7:18am Sep 19, 2014 7:18am
Totally agree.

Still climbing that tree..
  • #925,238
  • Sep 19, 2014 7:19am Sep 19, 2014 7:19am
Quoting MaxDoom
{quote} first is bottom test 283x then 275x then below but as always I will scale in and out appropriately with the flow
EU now heading for the bottom test
  • #925,239
  • Sep 19, 2014 7:20am Sep 19, 2014 7:20am
Quoting Imaywin
Now we just need help from Scotland to get a nice pa above 1.2900 tomorrow.
then what?
those who can, do. those who cant, talk about those who can
  • #925,240
  • Edited 7:37am Sep 19, 2014 7:20am | Edited 7:37am
Quoting hathor
Those who are waiting to reach 1.27700, what is (are) the reason(s)? Signal/indicator, technical/fundamental outlook?
There's an obvious divergence in the paths of the Fed and the ECB. Fed is moving toward tightening the USD supply while ECB is loosening (increasing) the supply of euros. This divergence has been developing all year but became obvious after Jackson Hole, right before Labor Day. It was only briefly mentioned in the press, but it doesn't matter anyway because everybody knows that the CB heads get together over cigars & putas at some swank mountain lodge at Jackson Hole every year to iron out the details of how the currency "wars" will play out for the coming months/years.

For the ECB to do full-blown QE is a really politically difficult proposition in the Eurozone. However, they can move along the same path by weakening the euro, and that's a lot easier to do. A stronger USD will not weigh on the growing US economy that much & will probably help the Fed pull back on how much it needs to raise rates - any rising rate trend needs to be clamped down because the USA is a debtor nation and those rate hikes are like salt in the oozing wounds of her Treasury.

The Central Banks are the back line players in this chess game: kings, queens, bishops, etc - all others are just pawns. Anyway, I've been short fiber since $1.32+, right before Jackson Hole, and I'm looking for a steady decline in the months ahead. $1.2750 will break and $1.25 is on the table for this year, with as low as $1.20 for the first half of 2015...
"If The Fool persists in his Folly he will become wise." - William Blake
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