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  • #940,221
  • Dec 2, 2014 10:45am Dec 2, 2014 10:45am
Quoting TheNoob
{quote} everyone is selling...so everyone will win if we go 1.21... im just not sure if winning money is as easy as this fishy move...
This move is a trap...now its obvious.
Everyone can see the chart, but only a few can actually read it.
  • #940,222
  • Dec 2, 2014 10:46am Dec 2, 2014 10:46am
Quoting JustAndy
80 pips in the green...should I close it...or should I listen to mr greed ?
Gidday Andy

What would you do if it was -80 pips

You can spend days in the red

waiting to see green

take it before the market takes it all back
  • #940,223
  • Dec 2, 2014 10:47am Dec 2, 2014 10:47am
Quoting rafat habeb
is it that bad to go down 1.21?
Dudeee...none of my bizz...but WTF are you doing to your account?

Quoting eliteincome
{quote} Gidday Andy What would you do if it was -80 pips You can spend days in the red waiting to see green take it before the market takes it all back
I could't tell you since I was never 80 in the red on my real account...
Why sell the bottoms when you can buy the tops...
  • #940,224
  • Dec 2, 2014 10:57am Dec 2, 2014 10:57am
Anyone who is looking for a triple bottom, please research what a triple bottom is, and the conditions necessary for it to actually fit the true definition of it.

Even if EU bounces around 1.2356, it will not mean a triple bottom reversal.

I will just point out one thing that disqualifies it in the case of EU - it is not making new highs in the context of this 7 month downtrend, and even the last push up after 2nd touch down, it could not even go as high as it went after first touch down.

Trade the bounce if you are into that sort of thing, but expect it to come right back down...
  • #940,225
  • Dec 2, 2014 11:03am Dec 2, 2014 11:03am
Quoting TheNoob
{quote} +1... 2340-2420 is bad price, it's because people are so greedy they all sell it so fast...like if the devil is prosecuting them...i knew this week had to be like this, people start pressing the Sell button with panic...in 2008 we made triple bottom then big up, i guess when we Watch those chart that it is clear trap... {image}
what ma is the green one, ema or?
what indi is the bottom?
those who can, do. those who cant, talk about those who can
  • #940,226
  • Dec 2, 2014 11:09am Dec 2, 2014 11:09am
I have a quick question, if I short USDRUB with 0.50 lots, how much interest do I get at the rollover? The interest rate in Russia is 9.5% (I think). I know its about EURUSD in this thread, just a quick question.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #940,227
  • Dec 2, 2014 11:09am Dec 2, 2014 11:09am
Quoting benaiah
Anyone who is looking for a triple bottom, please research what a triple bottom is, and the conditions necessary for it to actually fit the true definition of it. Even if EU bounces around 1.2356, it will not mean a triple bottom reversal. I will just point out one thing that disqualifies it in the case of EU - it is not making new highs in the context of this 7 month downtrend, and even the last push up after 2nd touch down, it could not even go as high as it went after first touch down. Trade the bounce if you are into that sort of thing, but...
selling a bounce myself, if we get a LL, 2467/2599.. if dragis speaks between a LL and 2467.. with a concrete easing plan. i may not get my chance to reload short like in the plan.. tp some more i already hold. with a LL and 2336,,,
those who can, do. those who cant, talk about those who can
  • #940,228
  • Dec 2, 2014 11:10am Dec 2, 2014 11:10am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_15.jpg Size: 94 KB


To me a reversal is imminent, price is stalling just below a whole number and at the same time has reached its ADR low.
YOUR MOTHERS ASS
  • #940,229
  • Dec 2, 2014 11:12am Dec 2, 2014 11:12am
Quoting OnlineAddict
{quote} This move is a trap...now its obvious.
what do you mean it a trap? you think that we should go up now?
  • #940,230
  • Dec 2, 2014 11:12am Dec 2, 2014 11:12am
Quoting benaiah
Anyone who is looking for a triple bottom, please research what a triple bottom is, and the conditions necessary for it to actually fit the true definition of it. Even if EU bounces around 1.2356, it will not mean a triple bottom reversal. I will just point out one thing that disqualifies it in the case of EU - it is not making new highs in the context of this 7 month downtrend, and even the last push up after 2nd touch down, it could not even go as high as it went after first touch down. Trade the bounce if you are into that sort of thing, but...
+1... ofc triple bottom doesn't mean we go 3000 pips up...it only mean the down moves are stopped for a while...
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #940,231
  • Dec 2, 2014 11:13am Dec 2, 2014 11:13am
Quoting Panco
I have a quick question, if I short USDRUB with 0.50 lots, how much interest do I get at the rollover? The interest rate in Russia is 9.5% (I think). I know its about EURUSD in this thread, just a quick question.
depends on your broker, go to market watch click symbols then find the pair and click on properties will tell you how much you earn in swap
All posts are my personal opinion
  • #940,232
  • Dec 2, 2014 11:17am Dec 2, 2014 11:17am
Hello Every one

Nice to be here on this forum after 7 years because I have again started trading forex

EURUSD have no support since yestraday.........So it looks 1.2360 will be tested and if that breaks than 1.2300
  • #940,233
  • Dec 2, 2014 11:17am Dec 2, 2014 11:17am
I wonder if I should reload now, or hope for another test of the 1.2360 mark. As much as I'd love to wait a bit more and reload right on the support of the descending triangle, I'd hate for it to just bounce back up to 1.2450 a few hours later.

Any ideas?

Note: Because I know someone will ask, YES, I am indeed aware that the overall trend is bearish on EUR/USD. I'm been bearish for a long time, and am still holding onto my shorts from 1.2460. I'm only loading longs right now in order to profit from the bounces.
  • #940,234
  • Dec 2, 2014 11:21am Dec 2, 2014 11:21am
Quoting gatorinla
{quote} what ma is the green one, ema or? what indi is the bottom?
It's like the gravity point, a little more Advanced indicator...the Bottom and top are TMA bands(triangular moving average)
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #940,235
  • Dec 2, 2014 11:21am Dec 2, 2014 11:21am
I would be very careful about any longs, this could end up hitting 1.2200 before draghi even speaks on thursday..

Read this article to get a good understanding about the fundamentals in the euro zone. It just came out today.

http://www.voxeu.org/article/why-euro-inflation-so-low
  • #940,236
  • Dec 2, 2014 11:23am Dec 2, 2014 11:23am
Quoting TheNoob
{quote} +1... ofc triple bottom doesn't mean we go 3000 pips up...it only mean the down moves are stopped for a while...
Okay, if you want to trade against a very decisive downward move, just because it is "stopped for a while", your choice. Hope it works out for you.
  • #940,237
  • Dec 2, 2014 11:30am Dec 2, 2014 11:30am
Quoting OnlineAddict
{quote} This move is a trap...now its obvious.
It might be it might not be. You could have said the same for past 1 month on similar daily/H4 bottoming areas, from perspective of crowd train COT perspective. Speaking from technical analysis there is nothing saying we are in trap, until price confirms it. Price structure is clearly bearish, therefore shorts are the way to go, but obviously anyone shorting here from higher TFs has to know risk he is taking on possible bounce up, even though i dont think bounce is coming (at least not above 2500-2550).
  • #940,238
  • Dec 2, 2014 11:31am Dec 2, 2014 11:31am
Quoting gatorinla
what indi is the bottom?
MFI Money Flow Index
  • #940,239
  • Dec 2, 2014 11:36am Dec 2, 2014 11:36am
USDX Indicator
Not far off 1.618 W1
Looking for reaction near that level.
If you have something similar correct me if I am wrong, just testing it.
Attached Image (click to enlarge)
Click to Enlarge Name: USDX W1.png Size: 42 KB
We watch the charts from every angle so you don't have to!!
  • #940,240
  • Dec 2, 2014 11:38am Dec 2, 2014 11:38am
Quoting janpec1000
{quote} It might be it might not be. You could have said the same for past 1 month on similar daily/H4 bottoming areas
I could have, I didn't, because its not just the chart, its the day, the data, the moves, the re-tests, everything...and this move simply isn't a regular bear move, thats all. Its only what I am trading, if anyone wants to be short, be my guest. I just won't short this on the way up, because it might not stop so easily. First short I'll add will be 2600-2620, if we don't go there, I won't lose anything.
Everyone can see the chart, but only a few can actually read it.
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