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  • #929,261
  • Oct 13, 2014 4:04pm Oct 13, 2014 4:04pm
Quoting MickeyBlue
what's up? why this move at this time.....good I covered.
For those who don't know why :
http://www.forbes.com/sites/nathanva...d-in-sell-off/
It could be a start to bulls
  • #929,262
  • Oct 13, 2014 4:05pm Oct 13, 2014 4:05pm
Quoting Vachus
{quote} No, it's Ouzo Gold ... Great call on Short UJ @ 110 BTW
So far over 240 pips and counting, ass covered, BE level 111.80.
The Thief of Wall Street
  • #929,263
  • Oct 13, 2014 4:06pm Oct 13, 2014 4:06pm
-357 pound added more shorts at 1.2748

stop loss at 1.2766 .. not a big money i am loosing but very well played whover played.I still have hope for 1.2701 if it doesnt hit to stop loss.
Its not an advice and sorry for grammar.
  • #929,264
  • Oct 13, 2014 4:08pm Oct 13, 2014 4:08pm
Quoting Chicky
{quote} So far over 240 pips and counting, ass covered, BE level 111.80.
Well, i think it's a great trade and if u manage to add to it carefully - u might end up with a great run ... there are at least 70$ left on SPX for a correction and UJ could at least go back 103.0

Just take care and don't be greedy, Old man
"It's the Margin, Stupid."
  • #929,265
  • Oct 13, 2014 4:10pm Oct 13, 2014 4:10pm
Quoting oundar
-357 pound added more shorts at 1.2748 stop loss at 1.2766 .. not a big money i am loosing but very well played whover played.I still have hope for 1.2701 if it doesnt hit to stop loss.
and all gone! well almost 15 percent of account has gone but all from profit.Well I think tmorow will come good news for euro. Sleeping time for me.
Its not an advice and sorry for grammar.
  • #929,266
  • Oct 13, 2014 4:10pm Oct 13, 2014 4:10pm
Quoting Hell7
Small long hoping we are at the bottom of a possible bear flag. Untested line, but seeing the reaction I'm not the only one looking at this .. {image} PS: I know this is countertrend, risk well under control!
Quoting USD-Bear
{quote} acting long in a bear-flag?? well bear flag, not much of a pole if you ask me...
Quoting OnlineAddict
This won't go up more than 10-20 pips before testing 2600 again.
230 pips higher, and still going strong. Taking partial profit and moving stop to B/E none the less

Attached Image (click to enlarge)
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  • #929,267
  • Oct 13, 2014 4:13pm Oct 13, 2014 4:13pm
Does anyone have any insight into the impetus behind this bullish move? Is it purely technical or something else?
Do what you are afraid to do -Emerson
  • #929,268
  • Oct 13, 2014 4:13pm Oct 13, 2014 4:13pm
Quoting Vachus
{quote} Well, i think it's a great trade and if u manage to add to it carefully - u might end up with a great run ... there are at least 70$ left on SPX for a correction and UJ could at least go back 103.0 Just take care and don't be greedy, Old man
I won't add. That will increase my risk. Neither, will take partial profits, ................................. it will make my wives richer and me poor. Its either TP of 1,000 pips or BE 400+ pips above current level.
The Thief of Wall Street
  • #929,269
  • Oct 13, 2014 4:13pm Oct 13, 2014 4:13pm
Quoting Firstboss
1.2773 is the weekly R1 - should act as a wall to this sudden move at the closing of the U.S. session. I expect a correction towards the new daily PP (or R 0.5 at least)
So, the daily PP is now @1.2709, daily R0.5 is at 1.2754

I expect the correction to at least the mid-point between them, or few pips shy of the PP.

The weekly R1 @1.2773 is the resistance level to watch on the way up.
"Luxury is one of the basic needs", (c), Don Corleone
  • #929,270
  • Oct 13, 2014 4:17pm Oct 13, 2014 4:17pm
Quoting Chicky
{quote} I won't add. That will increase my risk. Neither, will take partial profits, ................................. it will make my wives richer and me poor. Its either TP of 1,000 pips or BE 400+ pips above current level.
If this trade goes well, I will get into forex business. It is not just one trade but test of a trading philosophy and trading method in various market conditions. This is a Sensitivity Analysis / Strength Test of a very logical and workable method.
The Thief of Wall Street
  • #929,271
  • Oct 13, 2014 4:17pm Oct 13, 2014 4:17pm
Quoting Pip_Warrior
Does anyone have any insight into the impetus behind this bullish move? Is it purely technical or something else?
For me it's always technical, as for this one, it was pretty much clear on the charts. I don't think upside is over, I am targeting 1.2910.
We watch the charts from every angle so you don't have to!!
  • #929,272
  • Oct 13, 2014 4:20pm Oct 13, 2014 4:20pm
USDJPY
Price at 38.2 Ret Daily + Weekly S1, depending on candle at tomorrow close will elaborate trading plan for possible longs.
We watch the charts from every angle so you don't have to!!
  • #929,273
  • Oct 13, 2014 4:20pm Oct 13, 2014 4:20pm
Quoting Vachus
{quote} Actually, to give u credit - you were almost the first one referred to the inverse situation of " Risk off" by selling the Dollar, not buying it. I did however, observe the same thing slightly before u - but i discarded the matter, as i thought it was nothing more than a market distortion ... for the last two or three monthes, i think its confirmed! So, u were right


yea it def look like a reliable correlation now. If you think about it, EUR has the exact same same characteristics JPY did in 2010/2011-

low growth
rates at lower bound
a conservative central bank that wont ease
huge current account surplus mostly due to car exports

The Euro is the new 'new yen'... risk off currency.
Twitter: @TrendersGame
  • #929,274
  • Oct 13, 2014 4:22pm Oct 13, 2014 4:22pm
The easy explanation though, is that the Fed is now just as close to QE4 as Rate Hike 1.
Twitter: @TrendersGame
  • #929,275
  • Oct 13, 2014 4:31pm Oct 13, 2014 4:31pm
Quoting pedro319
{quote} For me it's always technical, as for this one, it was pretty much clear on the charts. I don't think upside is over, I am targeting 1.2910.
That helps a little, thank you.
Do what you are afraid to do -Emerson
  • #929,276
  • Oct 13, 2014 4:32pm Oct 13, 2014 4:32pm
It looks to me like a false breakout on low volume between the trading session.
Especially because only EUR and JPY went up, while all other majors including GBP are dormant
"Luxury is one of the basic needs", (c), Don Corleone
  • #929,277
  • Oct 13, 2014 4:36pm Oct 13, 2014 4:36pm
Quoting Trendzalore
Not sure what just happened but I came home to my trade entry being triggered. Sell 1.2750 SL 1.2801 TP 1.2650 Lets see how it goes.
Stacks of demand on EURUSD. Readjusting TP to 1.2580 just ahead of demand on hourly.

Looks like a textbook fake higher high right into supply.
  • #929,278
  • Oct 13, 2014 4:39pm Oct 13, 2014 4:39pm
time to sell double top on 4h. tp pivot
  • #929,279
  • Oct 13, 2014 4:40pm Oct 13, 2014 4:40pm
I have often heard traders refer to signals where bulls and bears seem to be getting tired. I would guess this could be:

  1. Trend breaks
  2. Double tops and bottoms
  3. Reverse color candle
  4. Unable to break S/R

However, when can you say when a move is not a false breakout? How do you know enough time has passed to say "this is done moving one way and is about to go the other way or at least not continue"?

In this case, who says we are done moving up and why?

Do what you are afraid to do -Emerson
  • #929,280
  • Oct 13, 2014 4:40pm Oct 13, 2014 4:40pm
Quoting Trendzalore
{quote} Stacks of demand on EURUSD. Readjusting TP to 1.2580 just ahead of demand on hourly. Looks like a textbook fake higher high right into supply.
How do you know it's a fake? Which textbook lol?
Do what you are afraid to do -Emerson
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