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  • #944,341
  • Dec 17, 2014 8:10am Dec 17, 2014 8:10am
Quoting PayTheLimit
{quote} you sure you talked to everyone?
you're right in case there are some other statisticians around I have to correct myself:

most of the people are looking for short
Everyone has a plan 'till they get punched in the mouth.
  • #944,342
  • Dec 17, 2014 8:11am Dec 17, 2014 8:11am
Quoting pedro319
{quote} Not necessarily, even if price is going to move up a touch lower is only logical, 1.2370 would be good.
market can stay irrational longer than you can stay solvent
Everyone has a plan 'till they get punched in the mouth.
  • #944,343
  • Dec 17, 2014 8:12am Dec 17, 2014 8:12am
Quoting leeon
so everyone here is looking to short eurusd. therefore, my bet is that at FOMC today it will go up
Do you base your hedge fund decisions off of forum sentiment too?
  • #944,344
  • Dec 17, 2014 8:13am Dec 17, 2014 8:13am
Quoting Pharm0r
{quote} Do you base your hedge fund decisions off of forum sentiment too?
always
Everyone has a plan 'till they get punched in the mouth.
  • #944,345
  • Dec 17, 2014 8:15am Dec 17, 2014 8:15am
Short still. 1.225 first target, hopefully in few hours
  • #944,346
  • Dec 17, 2014 8:16am Dec 17, 2014 8:16am
Quoting Pharm0r
{quote} Do you base your hedge fund decisions off of forum sentiment too?
just changed the signature so that it is in line with yours
Everyone has a plan 'till they get punched in the mouth.
  • #944,347
  • Dec 17, 2014 8:16am Dec 17, 2014 8:16am
Quoting janpec1000
EU for next few hours: http://prntscr.com/5hu62v
So basically it can move up, down or stay flat ... ...so whats your poison?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #944,348
  • Dec 17, 2014 8:17am Dec 17, 2014 8:17am
1.2490-1.25 is pivot area we should revist before FOMC.
  • #944,349
  • Dec 17, 2014 8:18am Dec 17, 2014 8:18am
Quoting leeon
{quote} market can stay irrational longer than you can stay solvent
Absolutely!
I am not saying that market is always rational, only that is logical most time.
We watch the charts from every angle so you don't have to!!
  • #944,350
  • Dec 17, 2014 8:19am Dec 17, 2014 8:19am
Quoting sisse
{quote} So basically it can move up, down or stay flat ... ...so whats your poison? sisse
Look Sharp/Trade Tight
  • #944,351
  • Dec 17, 2014 8:23am Dec 17, 2014 8:23am
I think eur/usd will hit the level of 1.2595 today....
as the price still at the uptrend .
the price also break the daily and 4H downtrend line
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4H HEAD AND SHOULDERS.png Size: 100 KB
  • #944,352
  • Dec 17, 2014 8:25am Dec 17, 2014 8:25am
Quoting sisse
{quote} So basically it can move up, down or stay flat ... ...so whats your poison? sisse
Nope. Its meant to be played on bounce of bottom range as long. I should specify it (double bottom, break, retrace, bounce, extended leg).
  • #944,353
  • Dec 17, 2014 8:26am Dec 17, 2014 8:26am
Quoting sisse
{quote} So basically it can move up, down or stay flat ... ...so whats your poison? sisse
All 3. Surefire plan.
  • #944,354
  • Dec 17, 2014 8:27am Dec 17, 2014 8:27am
Quoting pedro319
{quote} Absolutely! I am not saying that market is always rational, only that is logical most time.
as logical I assume that you mean that the currency pair moves in line with fundamental analysis. like now, when usa is supposed to be in better shape than europe, expectations are that us will start raising interest rates sooner. so the usd is getting stronger (=eurusd going down). all fine here.

but the thing at the top/bottom is that a top/bottom happens a bit before the fundamental news to support it comes out. sadly, financial markets are manipulated and market moving news are known to specific people much in advance. therefore, the top/bottom forms before the news come out. you have several evidence of it. the last one I remember by heart is the gbpusd drop from i think 1,6250 to 1,4850. first there were no news to support it and after some time S&P of moodys downgraded uk from tripple A rating.

yes, at the moment fundamentals scream sell..but who knows...maybe in a month super mario will come out and say that they are buying eur...and some people already know that
Everyone has a plan 'till they get punched in the mouth.
  • #944,355
  • Dec 17, 2014 8:29am Dec 17, 2014 8:29am
I'm super bearish.

However, I'm not ruling out all the possibility. FOMC 1.255 is still possible
Read the entire market, money is made on the main trend not the fluctuation
  • #944,356
  • Dec 17, 2014 8:33am Dec 17, 2014 8:33am
Quoting leeon
{quote} as logical I assume that you mean that the currency pair moves in line with fundamental analysis. like now, when usa is supposed to be in better shape than europe, expectations are that us will start raising interest rates sooner. so the usd is getting stronger (=eurusd going down). all fine here. but the thing at the top/bottom is that a top/bottom happens a bit before the fundamental news to support it comes out. sadly, financial markets are manipulated and market moving news are known to specific people much in advance. therefore,...
really sounds like forum fx
I read and watch to learn.
  • #944,357
  • Dec 17, 2014 8:38am Dec 17, 2014 8:38am
Quoting leeon
{quote} as logical I assume that you mean that the currency pair moves in line with fundamental analysis. like now, when usa is supposed to be in better shape than europe, expectations are that us will start raising interest rates sooner. so the usd is getting stronger (=eurusd going down). all fine here. but the thing at the top/bottom is that a top/bottom happens a bit before the fundamental news to support it comes out. sadly, financial markets are manipulated and market moving news are known to specific people much in advance. therefore,...
I don't want to get into long discussions but I appreciate your answer.
If market wasn't logical most times (not always) I wouldn't bother to trade.
We watch the charts from every angle so you don't have to!!
  • #944,358
  • Dec 17, 2014 8:40am Dec 17, 2014 8:40am
Market can go two ways no matter what you believe
If You Can't Join Them, Beat Them!
  • #944,359
  • Dec 17, 2014 8:42am Dec 17, 2014 8:42am
Quoting pedro319
{quote} EURUSD This level held, 1.25 is next level where shorts could be added for move to 1.2370.
61.8 sounds good )
I read and watch to learn.
  • #944,360
  • Dec 17, 2014 8:46am Dec 17, 2014 8:46am
Quoting Greenspanke
{quote} 61.8 sounds good )
Possibility for inverted H&S H4.
We watch the charts from every angle so you don't have to!!
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