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EURUSD

  • #940,241
  • Dec 2, 2014 11:38am Dec 2, 2014 11:38am
EUR USD EASY MONEY.... Only Short... until 1.22 ....
  • #940,242
  • Dec 2, 2014 11:40am Dec 2, 2014 11:40am
well we got almost 100 pips drop on the pair with no news at all plus no signal on the chart indicates a drop, I don't know what triggered the drop
  • #940,243
  • Dec 2, 2014 11:40am Dec 2, 2014 11:40am
zero sum game boys, one will win, one will loose
All posts are my personal opinion
  • #940,244
  • Dec 2, 2014 11:43am Dec 2, 2014 11:43am
Quoting Ken A
{quote} MFI Money Flow Index
oh! i was thinking "my fucking indicator" i have seen those before,
those who can, do. those who cant, talk about those who can
  • #940,245
  • Dec 2, 2014 11:44am Dec 2, 2014 11:44am
Quoting sherifFares
well we got almost 100 pips drop on the pair with no news at all plus no signal on the chart indicates a drop, I don't know what triggered the drop
Market makers.
Everyone can see the chart, but only a few can actually read it.
  • #940,246
  • Dec 2, 2014 11:47am Dec 2, 2014 11:47am
If you look at the daily chart, the bears have been more aggressively protecting the 20 ema.

The attached H4 chart has a 20 ema based off of the daily chart. Note the decisive moves triggered when bulls tried to move up through it...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 71 KB
  • #940,247
  • Edited 12:15pm Dec 2, 2014 11:48am | Edited 12:15pm
Quoting gatorinla
{quote} oh! i was thinking "my fucking indicator" i have seen those before,
+1, im glad you are the first who had the balls to say it... you are true i hide the most important part... i use specially that indicator because it is clear indicator...it's just a little Advanced version of the known RSI(MFI adds RSI + volume...)
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #940,248
  • Dec 2, 2014 11:48am Dec 2, 2014 11:48am
Closed my EJ short at TP, still holding UJ short with a tight stop. if it rises to 120, will short that with more risk... Looking to long EU soon, but not a keeper.
  • #940,249
  • Dec 2, 2014 11:52am Dec 2, 2014 11:52am
Quoting sherifFares
well we got almost 100 pips drop on the pair with no news at all plus no signal on the chart indicates a drop, I don't know what triggered the drop
could it just be the usd is getting stronger and the euro weaker? no signal. check out larger tf closes. and where the month closed. i could swear it closed below the previous months close and its low. its done that for 5 months straight, kinda a trend, some say
those who can, do. those who cant, talk about those who can
  • #940,250
  • Dec 2, 2014 11:53am Dec 2, 2014 11:53am
Quoting sherifFares
well we got almost 100 pips drop on the pair with no news at all plus no signal on the chart indicates a drop, I don't know what triggered the drop
The euro zone PPI that came out at 5 AM EST today was -.4%, positive .3% was expected. This is one reason, that was recent news. Strong US construction spending was another. The 10 year yield has also been rising. The ADP employment report is tomorrow morning, the ecg meeting thursday. There are plenty of reasons it's going down.
  • #940,251
  • Dec 2, 2014 12:09pm Dec 2, 2014 12:09pm
Quoting sherifFares
well we got almost 100 pips drop on the pair with no news at all plus no signal on the chart indicates a drop, I don't know what triggered the drop
the market tends to generally move in the most probable direction to that of which its economy is headed often before the news of such is realised, however not all the time, as like in life, market can be full of surprises. . Economies are cyclical in nature thus predictable. Id say euro is definitely not out the hole yet and could very well make 1.2

note: i am not a guru nor giving advice to make investment decisions from. I am a trader who does his own thing and my opinions are that of my own.
All posts are my personal opinion
  • #940,252
  • Dec 2, 2014 12:20pm Dec 2, 2014 12:20pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
It's funny... The thread has been kinda dead the past couple of days. Interesting how traffic increases when levels like these are tested. It's also funny how personal folks can get regarding their sentiment. It's cool to be opinionated but there's no need make your argument centered around telling others they're 'wrong'. There's literally no such thing in trading. Everything is so subjective & In every sense of the word... it's all subjective.

Even in the face of overwhelmingly bearish conditions, as traders we just don't know where price will be trading any further than 24 hours. You can't prove it. You never will be able to prove anthers opinion is wrong here. Granted I've seen folks here at the factory & elsewhere, myself included, do some pretty stupid things & make some costly mistakes but until the move is made or the news is released there will always be another side to every trade or opinion.

Don't get me wrong. I appreciate the banter. It keeps me honest, focused & sharpens my own opinions, entry's, & exits. But outside of a little all in good fun ball busting there's no need to belittle others.
  • #940,253
  • Dec 2, 2014 12:25pm Dec 2, 2014 12:25pm
Quoting matkooo2575
{quote} what do you mean it a trap? you think that we should go up now?
this move is only preparing the possible ground, IDK what the Fundamentals will brings that week...im not a fibo fan but i know you all like fibo levels, so here i got this...we only parking at S3...so don't ask me if fibonacci is joking don't know anything about him...
Attached Image (click to enlarge)
Click to Enlarge Name: ask fibonacci if he is joking.jpg Size: 280 KB
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #940,254
  • Dec 2, 2014 12:28pm Dec 2, 2014 12:28pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting benaiah
If you look at the daily chart, the bears have been more aggressively protecting the 20 ema. The attached H4 chart has a 20 ema based off of the daily chart. Note the decisive moves triggered when bulls tried to move up through it... {image}
I'm also a fan of the 20 ema. You didn't by chance take Chris Capre's Price Action course did you?... You're charts look very similar & he talks about the 20 ema quite a bit.
  • #940,255
  • Dec 2, 2014 12:34pm Dec 2, 2014 12:34pm
Quoting eggs
{quote} I'm also a fan of the 20 ema. You didn't by chance take Chris Capre's Price Action course did you?... You're charts look very similar & he talks about the 20 ema quite a bit.
Really? Does he put a daily chart 20 EMA on an H4 chart? Not taking anything away from Chris, as he is a better trader than I probably will ever be, but will aspire to...
  • #940,256
  • Dec 2, 2014 12:34pm Dec 2, 2014 12:34pm
Quoting gatorinla
{quote} something stinks. china #s dont match copper or iron. if china pmi #s are correct. the aud would not have fallen so much. metal prices are showing a shift opposite of what china is selling.
china easing, dont seem to be helping..
those who can, do. those who cant, talk about those who can
  • #940,257
  • Dec 2, 2014 12:43pm Dec 2, 2014 12:43pm
up 100+ on my adds. she has stalled some before pending news. trend is down, and she may drop at any moment now. out of my adds.. it dont make sense risking 110 pips for 35 pips more. r/r of risking 3 to make 1 isn't my thing.. will add some on bounce.. always afraid of pump and dump before news part II. a LL needed.
those who can, do. those who cant, talk about those who can
  • #940,258
  • Dec 2, 2014 12:46pm Dec 2, 2014 12:46pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting benaiah
{quote} Really? Does he put a daily chart 20 EMA on an H4 chart? Not taking anything away from Chris, as he is a better trader than I probably will ever be, but will aspire to...
Yup. He's a pure price action kinda guy but he often refers to the 20 ema on all the higher TF's. It often gives great continuation entries & exits in trending conditions.
  • #940,259
  • Dec 2, 2014 1:08pm Dec 2, 2014 1:08pm
Quoting eggs
It's funny... The thread has been kinda dead the past couple of days. Interesting how traffic increases when levels like these are tested. It's also funny how personal folks can get regarding their sentiment. .
happens everywhere here, same thing with oil thread, lol in my almost 4 years here I have never seen the oil thread as it has been largely due to the media and well the volatility!
All posts are my personal opinion
  • #940,260
  • Dec 2, 2014 2:48pm Dec 2, 2014 2:48pm
long from 1.2380
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