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  • #928,181
  • Edited 8:55pm Oct 6, 2014 8:43pm | Edited 8:55pm
Quoting egkid
{quote} Today my low touched and my view the same as long as no closed under 1.25 my view as posted if u like to check again http://www.forexfactory.com/showthre...71#post7746471
i know there are some large players shooting for 1.4xx.. that's what 2539 2606 and 2673 are about and the sub levels between. 2673x is a um.. at 2618 atm.. start closing -2612 and -2606 or it will become support. if not some lower 24xx targets are in the future. this should give the bulls the memo, or a higher bounce w/o those closes

http://www.forexfactory.com/showthre...87#post7772987
those who can, do. those who cant, talk about those who can
  • #928,182
  • Oct 6, 2014 8:43pm Oct 6, 2014 8:43pm
Quoting kambiz
i have long position at 1.2664 and hope to break the resistance 1.2675 once again !
Good Luck with your long
Forex as Leverage
  • #928,183
  • Oct 6, 2014 8:52pm Oct 6, 2014 8:52pm
Quoting gatorinla
{quote} i gave up thinking. 2606 is a norm for 4301.. it has some larger players still playing it.. they have to die sub 2539 and 2473 to get the memo..
(M2606)-(LM2539)=67, 67+2606=2673 um
those who can, do. those who cant, talk about those who can
  • #928,184
  • Oct 6, 2014 8:53pm Oct 6, 2014 8:53pm
You guys think we will crack the bottom at 1.2300 or bounce strongly off?
  • #928,185
  • Oct 6, 2014 8:58pm Oct 6, 2014 8:58pm
Quoting big_pipin
You guys think we will crack the bottom at 1.2300 or bounce strongly off?
I don't see any kind of real demand at all til 1.2515 area
  • #928,186
  • Oct 6, 2014 9:01pm Oct 6, 2014 9:01pm
Big week for ECB news going on. More bearish comments from ECB. Draghi speaking in Washington on thursday.

Anyone think it will go to 1.20 by end of year or at least by end Q1 2015??

by the way I try to scalp Euro all the time with the occasional long term trade and FXCM just emailed me they have raw spreads, EUR/USD is 0.2??? Is this for real? Scalpers dream!
  • #928,187
  • Oct 6, 2014 9:16pm Oct 6, 2014 9:16pm
Quoting MickeyBlue
{quote} Thanks for showing your trade. Why did you go short there? Yes... bearish divergence, but divergence can can go on endlessly.......until they turn....when to get in is crucial... next resistance is at the upper channel line. {image}
I shorted usd/jpy for a reason.

Looking (and calculating) with long term perspective, currencies have upper and lower boundaries. If they get close to one, they have no option but either to remain there or take a U-turn. Everybody knows that the lower boundary of any currency is 0.000 but very few have an idea how to calculate the upper boundary. For example the upper boundary of eur/usd is 2.2500, logically it cannot go higher than this level unless the whole economic setup collapses.

The following chart provides some logic of what I said above. You may find many of these mathematically calculated levels very familiar.
Attached Image
The Thief of Wall Street
  • #928,188
  • Oct 6, 2014 9:18pm Oct 6, 2014 9:18pm
Quoting kambiz
i have long position at 1.2664 and hope to break the resistance 1.2675 once again !
Why did you open your position before resistance and hoping for it to break it? You open short positions at resistance. Long positions after breaking resistance or at support.
  • #928,189
  • Oct 6, 2014 9:24pm Oct 6, 2014 9:24pm
Quoting Nabz
{quote} Why did you open your position before resistance and hoping for it to break it? You open short positions at resistance. Long positions after breaking resistance or at support.
I do the same. Buy/Sell just before it breaks and hope for it to break. We are smart people, rest are Kmart people.
The Thief of Wall Street
  • #928,190
  • Oct 6, 2014 9:33pm Oct 6, 2014 9:33pm
Quoting Chicky
{quote} I do the same. Buy/Sell just before it breaks and hope for it to break. We are smart people, rest are Kmart people.
No wonder such smart people end up with 50 pips in red. Hope won't drive the price.
  • #928,191
  • Oct 6, 2014 9:37pm Oct 6, 2014 9:37pm
Quoting Nabz
{quote} No wonder such smart people end up with 50 pips in red. Hope won't drive the price.
In order to go 50 pips against a position, pa has to break yet another level in the opposite direction. What about our trades placed for that break?
The Thief of Wall Street
  • #928,192
  • Oct 6, 2014 10:31pm Oct 6, 2014 10:31pm
Quoting gatorinla
{quote} i know there are some large players shooting for 1.4xx.. that's what 2539 2606 and 2673 are about and the sub levels between. 2673x is a um.. at 2618 atm.. start closing -2612 and -2606 or it will become support. if not some lower 24xx targets are in the future. this should give the bulls the memo, or a higher bounce w/o those closes http://www.forexfactory.com/showthre...87#post7772987
like 2639/40. so far bulls held the closes above 2612 and 06.. another floater at 2601.. so a trip to 2639/40 wouldn't be a big surprise. 2652 may be a R now also.

bulls many times want 2587 before a bounce. less likely if the closes are below those levels
those who can, do. those who cant, talk about those who can
  • #928,193
  • Oct 6, 2014 10:45pm Oct 6, 2014 10:45pm
Attached Image (click to enlarge)
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  • #928,194
  • Edited 11:07pm Oct 6, 2014 10:49pm | Edited 11:07pm
Quoting Chicky
{quote} In order to go 50 pips against a position, pa has to break yet another level in the opposite direction. What about our trades placed for that break?
uj has a st setup w/o confirmation pointing to 111.79. 17 pips above 111.62 norm
those who can, do. those who cant, talk about those who can
  • #928,195
  • Oct 6, 2014 10:57pm Oct 6, 2014 10:57pm
Quoting wael0102003
{image}
so many ways to look at things
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 18 KB
those who can, do. those who cant, talk about those who can
  • #928,196
  • Oct 6, 2014 10:58pm Oct 6, 2014 10:58pm
Quoting filostro
{quote} I think it is not necessary to search such hidden causes . Simply the time had come. Trees do not reach to heaven and roots do not arrive to hell. The sharks needed some fresh blood. Everybody was giving new targets down: 1.22, 1.20,1.00. OK, I thought: this is the moment. I was long from friday; good booty but... got out too early, too early, too early.... I should have known that reaction are Always overshooting....always overshooting... You could live 1000 years, you Always make mistakes...and, worst of all, "the same" mistakes The greed...
Well i wasnt searching for hidden causes, they dont matter, i just do the numbers anyway

You are correct my friend! Wilde was not an idiot.
My signature is: "Classified".
  • #928,197
  • Oct 6, 2014 11:01pm Oct 6, 2014 11:01pm
Looks like PA will forming Cup&Handle
as long .2673 defended by bears, i'll hold my short..
and if PA closing above .2673 i'll out, and will look for another opportunity to short
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 41 KB
Forex as Leverage
  • #928,198
  • Oct 6, 2014 11:02pm Oct 6, 2014 11:02pm
Quoting gatorinla
{quote} so many ways to look at things {image}
Very nice chart
Forex as Leverage
  • #928,199
  • Oct 6, 2014 11:20pm Oct 6, 2014 11:20pm
Quoting Chanlie
{quote} Very nice chart
tl are easily made to look how we want them too. HH or LL are harder to manipulate, even if we dont do it on purpose. even in a declining channel it can hit the L line and continue lower w/o touching either line again for longer then most accounts can take the dd. something like a hh and a hl can help show a break..if in agreement
those who can, do. those who cant, talk about those who can
  • #928,200
  • Oct 6, 2014 11:45pm Oct 6, 2014 11:45pm
Quoting gatorinla
{quote} uj has a st setup w/o confirmation pointing to 111.79. 17 pips above 111.62 norm
It is time to draw Geo-political card. If not this year, next, 86/88 will be a weekly mofu.
Ishit is a new card
The Thief of Wall Street
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