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  • #946,801
  • Dec 29, 2014 5:32pm Dec 29, 2014 5:32pm
German news on television today's evening: "Elections in Greece did not have too much of an impact on the Euro today, that did not move a lot." Well, if a new two year's low is no move ... ok, but it was important for the reporter to stand on the floor in Frankfurt while announcing this.
Fix up, trade sharp ...
  • #946,802
  • Dec 29, 2014 5:35pm Dec 29, 2014 5:35pm
huh. we're still creating lower lows...
whos buying? cuz im not.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #946,803
  • Dec 29, 2014 5:37pm Dec 29, 2014 5:37pm
im agree EU will down again, but so far i see 1.219xx area first before we down again.. but anything can happen on market.. but i not suggest long atm neither short at curent price (1.2155) patience its the best option atm..
the true currencies here is patience and react precisely
  • #946,804
  • Dec 29, 2014 7:23pm Dec 29, 2014 7:23pm
Quoting fxtyrant
huh. we're still creating lower lows... whos buying? cuz im not.
Hi Tyrant,

Did you open any short position lately or you are just wait till the holiday season end?

Thanks,
Forate
  • #946,805
  • Dec 29, 2014 7:59pm Dec 29, 2014 7:59pm
Looking for short at 1.2300 and 1.2360 or in first overbought zone
"I'm not answering stupid questions."
  • #946,806
  • Dec 29, 2014 8:15pm Dec 29, 2014 8:15pm
time to buy for at least 20 pips
  • #946,807
  • Dec 29, 2014 8:20pm Dec 29, 2014 8:20pm
Quoting stryjek
time to buy for at least 20 pips
kek, i seriously hope you are joking
  • #946,808
  • Dec 29, 2014 8:25pm Dec 29, 2014 8:25pm
Quoting pedro319
{quote} Next destination after breaking here is 1.2059 D1, if that breaks as well 1.18917 will be in sight. Usually I only look for bounces before extensions get broken, if you look at the D1 you will see 1.27 Extension has been broken, now will only look down again.
Were probably looking at the same thing now as I now favor another 5 waves down.
Like I said I'm no expert in counting waves but I see current drop as 1 of 5.

I placed a short while shopping with the wife. I got in at 588 for a fresh short.
I was just scalping until next year so I've really no target but I might just keep this until
I see a probable retracement.

Best,
G
I read and watch to learn.
  • #946,809
  • Dec 29, 2014 8:30pm Dec 29, 2014 8:30pm
I closed my short position on 1.215 and I'm waiting for a retracement to another short at 1.216 or 1.215.
Without an edge MM is useless!
  • #946,810
  • Dec 29, 2014 8:35pm Dec 29, 2014 8:35pm
Quoting Sh0ukaT
{quote} kek, i seriously hope you are joking
so what do you recon from now
  • #946,811
  • Dec 29, 2014 9:10pm Dec 29, 2014 9:10pm
Quoting stryjek
{quote} so what do you recon from now
The next support level is at 211 and s2 is at 208.. it might breach 211 easily today after the release of US data or even before that
  • #946,812
  • Dec 29, 2014 9:37pm Dec 29, 2014 9:37pm
Based on todays pivots....
Main pivot 1.21714
S1 pivot 1.21220

EUR.USD has made a run towards the main pivot only to miss it by 10 pips, and now it has made a run towards the s1 pivot only to miss it by 10 pips also. Based on my price action calculations when this occurs during asia (two failed attempts to touch either daily pivot which is the opposite end of the price) should EU now close on the 5m chart across the 1.2161 asia high, then we will not only hit the pivot of 1.2171 (which also happens to be the high of that one long red candle on the 5m chart which caused the drop to yesterdays low, but we will also touch the r1 pivot 1.22005
  • #946,813
  • Dec 29, 2014 9:39pm Dec 29, 2014 9:39pm
Quoting KmBioDmoneda
Based on todays pivots.... Main pivot 1.21714 S1 pivot 1.21220 EUR.USD has made a run towards the main pivot only to miss it by 10 pips, and now it has made a run towards the s1 pivot only to miss it by 10 pips also. Based on my price action calculations when this occurs during asia (two failed attempts to touch either daily pivot which is the opposite end of the price) should EU now close on the 5m chart across the 1.2161 asia high, then we will not only hit the pivot of 1.2171 (which also happens to be the high of that one long red candle on the...
Why?
The Thief of Wall Street
  • #946,814
  • Dec 29, 2014 9:49pm Dec 29, 2014 9:49pm
Quoting Chicky
{quote} Why?
I have detailed the conditions which must be followed. Simply opening a 5m chart, and using a daily pivot indicator which allows you to backtest previous daily pivots will support what I say to be true. The most important thing to consider is that the market isnīt random as many claim, which means most of the movement we see are triggered by some sort of price action catalyst. In this case, should EU fail to touch the pivot which is below it, would be the second failed attempt towards a daily pivot since the calculation of the new daily pivot making asias high the prime target to be the start of a rally to the buy side. It may not be a 500 pip rally, but 2 to 3 daily pivot rally would be enough for many traders here. Allow me to find the last formation so you can use it as a guide if your interested sir.
  • #946,815
  • Dec 29, 2014 10:05pm Dec 29, 2014 10:05pm
Quoting KmBioDmoneda
{quote} I have detailed the conditions which must be followed. Simply opening a 5m chart, and using a daily pivot indicator which allows you to backtest previous daily pivots will support what I say to be true. The most important thing to consider is that the market isnīt random as many claim, which means most of the movement we see are triggered by some sort of price action catalyst. In this case, should EU fail to touch the pivot which is below it, would be the second failed attempt towards a daily pivot since the calculation of the new daily...
Pivots are not my thing, but most of the time, pivot traders' levels and analysis match mine. You earlier post did the same, except that I have 1.2227 instead of 1.2200 as you mentioned. My analysis is based on what London and New York sessions did when they had the floor. I reserve my opinion about randomness character or otherwise of this market. However, as far as I know, randomness in general is so random that repeated patterns are also part of this randomness. If there are no patterns and only "random" moves, this won't be true randomness.
The Thief of Wall Street
  • #946,816
  • Dec 29, 2014 10:05pm Dec 29, 2014 10:05pm
Quoting Chicky
{quote} Why?
http://prntscr.com/5mhkbf You can see from the start of the daily pivot that the price moved up and never touched the daily pivot. The price then moved down, and did the same thing, and once the high was broken you got not only the touch of the pivot above, but the touch of the pivot above that one. That type of move is very rare as typically the price during asia touches the pivot which it is heading to, or heads to one, never touches it, then reverses to touch the new one. In the case of the link which was provided you have to fakes, for about the same amount of pips.
  • #946,817
  • Dec 29, 2014 10:08pm Dec 29, 2014 10:08pm
Quoting Chicky
{quote} Pivots are not my thing, but most of the time, pivot traders' levels and analysis match mine. You earlier post did the same, except that I have 1.2227 instead of 1.2200 as you mentioned. My analysis is based on what London and New York sessions did when they had the floor. I reserve my opinion about randomness character or otherwise of this market. However, as far as I know, randomness in general is so random that repeated patterns are also part of this randomness. If there are no patterns and only "random" moves, this won't be...
We have a huge discrepancy with out pivots. Are you calculating your pivots by hand or is it EA based?
  • #946,818
  • Dec 29, 2014 10:11pm Dec 29, 2014 10:11pm
Quoting KmBioDmoneda
{quote} http://prntscr.com/5mhkbf You can see from the start of the daily pivot that the price moved up and never touched the daily pivot. The price then moved down, and did the same thing, and once the high was broken you got not only the touch of the pivot above, but the touch of the pivot above that one. That type of move is very rare as typically the price during asia touches the pivot which it is heading to, or heads to one, never touches it, then reverses to touch the new one. In the case of the link which was provided you have...
I did not get it 100% but correct me if I am wrong. This tells me that there are buyers and sellers waiting for it to get near to pivot and they place their orders when pa is nears pivot. One reason why price was shy of 10 pips in case. However, later, it broke the next pivot and went up through it, means more buying orders than sell. That makes logical to assume that pa would go higher.................................. I can't believe I wrote this shit on pivots.
The Thief of Wall Street
  • #946,819
  • Dec 29, 2014 10:13pm Dec 29, 2014 10:13pm
As I mentioned Yesterday (yesterday for most of us) EU is following EJ tick for tick, which of course isnt something that it typically does. Simply looking at EJ and EU on the 1m or 5m will clearly reveal it, and I find it weird because now UJ is not correlating negatively to EU as it typically does. In other words UJ down AND eu UP, BUT for the last 24 hours it has not been like that at all.
  • #946,820
  • Dec 29, 2014 10:21pm Dec 29, 2014 10:21pm
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