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Oktoberfest Nightclub

  • #9,161
  • Nov 6, 2014 3:29am Nov 6, 2014 3:29am
look now gu.
looking for investors . pm me
  • #9,162
  • Nov 6, 2014 3:32am Nov 6, 2014 3:32am
Quoting Hickson
{quote} I have only one left from 1.2483, SL at BE now. No more longs on EU for me for now. The momentum is clearly to the down side. But agree on pump and dump. Maybe 1.2580 then getting out the hammers to cripple the retailers who went long again ... same old sad game.
if we see a bull i have 2657 on the cards for this week
  • #9,163
  • Nov 6, 2014 3:36am Nov 6, 2014 3:36am
Cable + Good Data + Down +
Enter Signature
  • #9,164
  • Nov 6, 2014 3:49am Nov 6, 2014 3:49am
Quoting janpec1000
EU buy 2480.
Hit tp early morning +35. Still looking for longs.
  • #9,165
  • Nov 6, 2014 3:57am Nov 6, 2014 3:57am
4h cycle still showing up, 1h cycle showing down but is supressed.

We are in the middle of the daily ATR Range.

Weekly is a doji atm.

Nothing to do for me.
  • #9,166
  • Nov 6, 2014 4:00am Nov 6, 2014 4:00am
US dollar level today for me, i am waiting for break down to start longing GU or EU, if up level is tested i am staying away.
http://prntscr.com/53jlqg
  • #9,167
  • Nov 6, 2014 4:11am Nov 6, 2014 4:11am
Quoting janpec1000
US dollar level today for me, i am waiting for break down to start longing GU or EU, if up level is tested i am staying away. http://prntscr.com/53jlqg
¿why do you use USD/CHF as US level indicator? ¿can you explain it?
  • #9,168
  • Nov 6, 2014 4:27am Nov 6, 2014 4:27am
Quoting Lavanda
{quote} ¿why do you use USD/CHF as US level indicator? ¿can you explain it?
XCHF pairs are best aproximations of currency indexes, USDCHF is basically USD index with better price action hehe. Structurally moves that come from USD index are the same to USDCHF so it makes USDCHF natural USD pair (more than EURUSD makes it counter one, becouse EUR itself can be quite moving currency), which is counter pair to all XUSD pairs, all pairs that are counter dollar. Naturally CHF is one of weakest or to say most neutral fx currencies at least in major basket case, which makes any pair with it good aproximation of index of the currency set against it.
GBPCHF for GBP, EURCHF for EUR, USDCHF for USD. Also its much more accurate to pick levels from USDCHF if you want counter level to EURUSD, than doing that from USDX index becouse simply not just of price distortion in terms of pip movements and wave percentage but also for liquidity of price, if you trade lower Tfs like myself.
  • #9,169
  • Nov 6, 2014 5:29am Nov 6, 2014 5:29am
Time to waste before the press conference...
How about a nice, uplifting article by AEP, never fails to inspire....
Attached File(s)
File Type: pdf Mario Draghi's efforts to save EMU have hit the Berlin Wall - Telegraph.pdf   166 KB | 343 downloads

Are we indeed in deep shit? I don't know, but I suppose the EUR is no oneway street. Nevertheless, I guess Germany would need at least one year of crisis before politics would start to shift from the anti-QE stance. Short cut would be some kind of collapse in another EU country.
Fail better.
  • #9,170
  • Nov 6, 2014 5:33am Nov 6, 2014 5:33am
long gu 5946 . tight sl
looking for investors . pm me
  • #9,171
  • Nov 6, 2014 5:44am Nov 6, 2014 5:44am
Quoting LarryDarrell
Time to waste before the press conference... How about a nice, uplifting article by AEP, never fails to inspire.... {image} Are we indeed in deep shit? I don't know, but I suppose the EUR is no oneway street. Nevertheless, I guess Germany would need at least one year of crisis before politics would start to shift from the anti-QE stance. Short cut would be some kind of collapse in another EU country.
I completely gave up reading about fundamentals, but I am reading too: "The Mix", a studio magazine (PA is lurking at the side )
  • #9,172
  • Nov 6, 2014 5:54am Nov 6, 2014 5:54am
Quoting kbmoonshinex
long gu 5946 . tight sl
BE now. cos of news
looking for investors . pm me
  • #9,173
  • Nov 6, 2014 6:03am Nov 6, 2014 6:03am
Quoting LarryDarrell
Time to waste before the press conference... How about a nice, uplifting article by AEP, never fails to inspire.... {image} Are we indeed in deep shit? I don't know, but I suppose the EUR is no oneway street. Nevertheless, I guess Germany would need at least one year of crisis before politics would start to shift from the anti-QE stance. Short cut would be some kind of collapse in another EU country.
http://www.zerohedge.com/news/2014-1...cult-ecb-do-qe
  • #9,174
  • Edited 6:22am Nov 6, 2014 6:12am | Edited 6:22am
Play game after ECB conference today:
http://prntscr.com/53kdom

EU short term view
http://prntscr.com/53kgh3
  • #9,175
  • Nov 6, 2014 6:15am Nov 6, 2014 6:15am
Quoting kbmoonshinex
long gu 5946 . tight sl
i have on GU 5915-07 area as a target
  • #9,176
  • Nov 6, 2014 6:16am Nov 6, 2014 6:16am
Quoting CandleStar
{quote} I completely gave up reading about fundamentals, but I am reading too: "The Mix", a studio magazine (PA is lurking at the side )
fundamentals are nonsense for me!
  • #9,177
  • Nov 6, 2014 6:18am Nov 6, 2014 6:18am
Quoting CandleStar
{quote} I completely gave up reading about fundamentals, but I am reading too: "The Mix", a studio magazine (PA is lurking at the side )
you must see analyses on fundamentals "aka user sisse".

Da stellt's mir die Haare!
  • #9,178
  • Nov 6, 2014 6:24am Nov 6, 2014 6:24am
Quoting Schickeria
{quote} you must see analyses on fundamentals "aka user sisse". Da stellt's mir die Haare!




only the really big currency related news like rate hikes etc. are relevant

all other is just noise and can be interpreted most of the time both ways
  • #9,179
  • Nov 6, 2014 6:27am Nov 6, 2014 6:27am
GBPJPY daily

Last year Oktober 2013 154.73 pruduced a W-X-Y (RED) is exact @ 184.006

Pump from 168.01 to 154.33 was a WXY ???? have we done now ?

On monthly i see the 184.500 as a last bull defence atm....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 125 KB
Click to Enlarge Name: Screenshot2.png Size: 79 KB
  • #9,180
  • Nov 6, 2014 6:28am Nov 6, 2014 6:28am
Fundamentals are always good to explain stuff after the fact... Don't really help in my opinion to trade. Different if you 'invest' or trade longterm. Interestrates, statements like "whatever it takes" etc. do make a difference.

If indeed the EUR breaks up that would be a fundamental wavemaker. But which way to trade the EU then? Depends on who drops out, eg. Italy or Germany...
Fail better.
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