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  • #939,981
  • Dec 1, 2014 11:52am Dec 1, 2014 11:52am
Quoting Panco
{quote}The more people that are short, the bigger the short covering will be.
Actually i think it has nothing to do with how many people is doing something. Rather i think the total volume of lots is relevant.
My signature is: "Classified".
  • #939,982
  • Dec 1, 2014 11:54am Dec 1, 2014 11:54am
Quoting TheNoob
{quote} y, this Range is a fake...i hope you all bought it at 2435 with TP 2475...the MFI was very clear...or else you could have longed it from 2420... dont fear about this Resistance, its only the D1 resistance, i told you the most important resistance isn't that one, it is another one for those who remember the 2008 Graphic ive posted you should know wher is the real one... {image}

I was actually referring to this range, Blue line is the minor resistance:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Range.JPG Size: 96 KB
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #939,983
  • Dec 1, 2014 11:54am Dec 1, 2014 11:54am
Quoting tashkent
{quote} yes, by short term i meant max couple of days.
Oh thats... i dunno a month maybe.
My signature is: "Classified".
  • #939,984
  • Dec 1, 2014 11:56am Dec 1, 2014 11:56am
Quoting tashkent
{quote} i understand covering is basically reversing the position. however this does not mean that all big players trade this way. as far as i know most of them add to the winning positions in their portfolio by putting orders at more attractive levels.
This is how risk management is performed. The portfolio manager looks at net currency exposure, the pairs are not important. If there is large short exposure to Euro then the exposure is reduced or hedged.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #939,985
  • Edited 12:23pm Dec 1, 2014 12:04pm | Edited 12:23pm
Quoting Magicmen
{quote} As per 4H chart, the range is 2525 -> 2340 Edit: 4H will close soon. Lets see fresh 4H
nah 2340 is a fucking no way...if that price break we get down trend so i don't suppose it is possible before ECB...The market is a monster, he only care about official news, QE ECB is NOT official yet...just a better view...
Attached Image (click to enlarge)
Click to Enlarge Name: just a better view.jpg Size: 439 KB
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #939,986
  • Dec 1, 2014 12:06pm Dec 1, 2014 12:06pm
Quoting TheNoob
{quote} nah 2340 is a fucking no way...if that price break we get down trend so i don't suppose it is possible before ECB...The market is a monster, he only care about official news, QE ECB is NOT official yet...
If you look at the chart I posted, if 1.2515 holds after a 4hr re-test (4hr close) I will probably go short.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #939,987
  • Dec 1, 2014 12:07pm Dec 1, 2014 12:07pm
Hmmm...2550 is taking shape now. This week could be 2550 ~ 2340.

Bedtime. CYA tomorrow.
  • #939,988
  • Dec 1, 2014 12:10pm Dec 1, 2014 12:10pm
Quoting Magicmen
Hmmm...2550 is taking shape now. This week could be 2550 ~ 2340. Bedtime. CYA tomorrow.
Also a possibility but until Thursday. Night.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #939,989
  • Dec 1, 2014 12:22pm Dec 1, 2014 12:22pm
Quoting tashkent
{quote} i am afraid this may not be the right approach. market does not move because of the coverings. market is constantly in search of buyers and sellers and moves in the direction of bigger orders in order to fill them, once filled looks for the next one be it buy or sell
is there not an = position taken in the other direction?
those who can, do. those who cant, talk about those who can
  • #939,990
  • Dec 1, 2014 12:27pm Dec 1, 2014 12:27pm
Quoting Panco
{quote} Yes and No. If the total amount of short trades to the Euro (currency pairs are not really relevant on terms of risk management) is EUR 30.0 billion and there is a concern for the Euro to strengthen (fundamental or technical, irrelevant why), these traders will cut their exposure to the Euro, which will in turn create a spike in EUR pairs and crosses. Stops will be taken out, fuelling the rally. Of course, if fresh money joins the gains will be bigger.
stops taken out, has another one willing to accept, the opposite trade. u cant close a sell w/o a willing buyer and so forth the other way.
those who can, do. those who cant, talk about those who can
  • #939,991
  • Dec 1, 2014 12:46pm Dec 1, 2014 12:46pm
Quoting suthmo
{quote}Sold the gap and caught the bottom. happy days Gold can blow the roof off here + 2000 level. Wave 7 highest time frame and wave 3 for daily sub cycle both like to go vertical up. {image}
Key level for me 1220 - above that 1250
  • #939,992
  • Dec 1, 2014 1:34pm Dec 1, 2014 1:34pm
Quoting gatorinla
gold appears to be headed to sub 1000.... atm on oct 5 2014 its at 1143.52... if for some reason it rises, before 973.83.... look for weakness to s near 1287.50.... it may never happen, or take years ...1078.39 may be a s/r
fu: nov, 5 2014

patience
those who can, do. those who cant, talk about those who can
  • #939,993
  • Dec 1, 2014 2:32pm Dec 1, 2014 2:32pm
Noticing some crazy time compression with gold chart. Wave lengths are shortening exponentially.
Founder of Sutherland Wave Principle
  • #939,994
  • Dec 1, 2014 2:34pm Dec 1, 2014 2:34pm
The EUR/USD was so slow today, but hope tomorrow getting better.
  • #939,995
  • Dec 1, 2014 2:56pm Dec 1, 2014 2:56pm
Price is pulled back but as long as we are over the strong support level 1.2450 I think I can buy long. I will be targeting 1.2520
  • #939,996
  • Edited 3:16pm Dec 1, 2014 3:01pm | Edited 3:16pm
Quoting sherifFares
Price is pulled back but as long as we are over the strong support level 1.2450 I think I can buy long. I will be targeting 1.2520
Pretty much the same for me. I will be looking for two or three LONG around 1.245. Targeting .252 and then .257
  • #939,997
  • Dec 1, 2014 6:29pm Dec 1, 2014 6:29pm
if price comes down more we'll see if buying around 2455 holds up. depends on if it's during the no reason manipulation hour if thats the case it might pass it by 5-10 pips before returning up
  • #939,998
  • Dec 1, 2014 8:29pm Dec 1, 2014 8:29pm
Quoting cobracoder
{quote} its above and below respectively i considered eu bullish already... and then targeting 1.2750
Nope. That's not typo. Let me rephrase my statement. Below 2478 and above 2462 is ideal for long.

Anyway, this is 12 hours old statement but EU still reacts same to this PA
  • #939,999
  • Dec 1, 2014 8:48pm Dec 1, 2014 8:48pm
Heads up for gold folk. Every wave is shortening by half 66 hours 33 hours 19 hours 8 hours at this rate something cool going to happen in 9 hours. Could be gravity well pulling her up at light speed.
Founder of Sutherland Wave Principle
  • #940,000
  • Dec 1, 2014 9:26pm Dec 1, 2014 9:26pm
Quoting Magicmen
{quote} Nope. That's not typo. Let me rephrase my statement. Below 2478 and above 2462 is ideal for long. Anyway, this is 12 hours old statement but EU still reacts same to this PA
Went long at 1.2466. Did I do the right thing?
The Thief of Wall Street
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