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  • #950,781
  • Jan 15, 2015 10:17am Jan 15, 2015 10:17am
Quoting sisse
Pretty much done in my books. Day is over for the euro. In my case clearing last mini shorts at 1.157x. Euro entering in MAJOR Technical and Fundamental Support Area at these levels. 1.158x / 1.1430 before QE decision next week. Large chop zone expected in the next few days until ECB. Only "crumbs" left from the major swing 1.248x. Bastard made a clean swept without retrace. One of the wildest day we have seen in currencies in a long long time. SNB send shockwaves across the board ...even GS made a a STAGGERING +++ 16% loss with CHF today...
some did.. and posted it on FF a month back
those who can, do. those who cant, talk about those who can
  • #950,782
  • Jan 15, 2015 10:18am Jan 15, 2015 10:18am
Quoting thegmann
{quote} breaking 1.16 before QE is even announced this puppy is gonna drop like its hot once the announcement hits.
There will be no QE, I am almost 100% sure now.
Everyone can see the chart, but only a few can actually read it.
  • #950,783
  • Jan 15, 2015 10:19am Jan 15, 2015 10:19am
Well i will try long. 1.157x with sl 1.1545
  • #950,784
  • Jan 15, 2015 10:19am Jan 15, 2015 10:19am
Attached Image (click to enlarge)
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possible to the line ,, worlds gone crazzzy
  • #950,785
  • Jan 15, 2015 10:21am Jan 15, 2015 10:21am
Quoting Rockerzeus
Anyone see 1.1539 or 1.1553 for little up retracement?
I do. I see 1539. That's my next top up. I closed my earlier top up at 1600
  • #950,786
  • Jan 15, 2015 10:23am Jan 15, 2015 10:23am
Following Sisse here, I closed 80% of shorts and made some nice profits. Remaining shorts have stoploss put to breakeven (around .183 and 175).

I'm not sure if I should keep the shorts (even with stoploss) over the weekend... I fear gaps; already been f*cked over because of that once... any advice? How does one build up a (safe, stop-to-breakeven-type) pyramid of trades if you have the risk of ruin because of huge movements?
  • #950,787
  • Jan 15, 2015 10:23am Jan 15, 2015 10:23am
Quoting gatorinla
{quote} some did.. and posted it on FF a month back
So you bet in a break EC floor 1.20xx ? wow that is having some balls, patience and deep pockets. Well done if you did it. How did your broker managed the spread during the break? or you were without stops? I haven being hearing horror stories today about some bucket shops (and some not so bucket ) cleaning their clients before the move.

What is your view in the Euro at current levels?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #950,788
  • Jan 15, 2015 10:25am Jan 15, 2015 10:25am
Quoting OnlineAddict
{quote} There will be no QE, I am almost 100% sure now.
OF COURSE IT WILL ! thats why SNB stoped to defense EURO ! they cant handle it
"I'm not answering stupid questions."
  • #950,789
  • Jan 15, 2015 10:26am Jan 15, 2015 10:26am
Quoting Malchi
{quote} OF COURSE IT WILL ! thats why SNB stoped to defense EURO ! they cant handle it
Dont you just love trading fundamentals?? When things start to move fundamentally theres lots of pips to be made.... No point betting against it....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #950,790
  • Jan 15, 2015 10:27am Jan 15, 2015 10:27am
Quoting fxtyrant
{quote} We saw this shit happening and yet its just history repeating itself... Last time SNB prgged to deutsche mark... Still fails... But gosh the bid side of eurchf got wiped out and im still looking around for any bids... Gosh.... Dont see any corporate bids left surviving... With SNB out the way in moving my forecast of eurusd parity closer.....
i don't think they will let them go to parity, but i suppose nothing is impossible. as we saw today with the chf. the snb has often complained about speculators using their currency for speculation. this was them getting some revenge on said speculators that do after all, make their job more difficult, lol.
  • #950,791
  • Jan 15, 2015 10:28am Jan 15, 2015 10:28am
Quoting WeeMee
{quote} i don't think they will let them go to parity, but i suppose nothing is impossible. as we saw today with the chf. the snb has often complained about speculators using their currency for speculation. this was them getting some revenge on said speculators that do after all, make their job more difficult, lol.
Lol never say never....
Afterall eurusd did trade beloe parity at some point in 2002
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #950,792
  • Jan 15, 2015 10:30am Jan 15, 2015 10:30am
Quoting OnlineAddict
{quote} There will be no QE, I am almost 100% sure now.
What makes you say that? You didnt slept trough today did you
  • #950,793
  • Jan 15, 2015 10:35am Jan 15, 2015 10:35am
Quoting GlobalMacro
{quote} Some of the market makers quoted as low as 1.1620 only ... but market traded low is 1.1567 ... unless someone here has their limits filled down there , it might drop to the level to fill those..
and 1.1568 ... nice 100+ drop ...
Hear the music before the song is over ...
  • #950,794
  • Jan 15, 2015 10:36am Jan 15, 2015 10:36am
M5 bottom print, looking for 600, 575 entry preffered.
  • #950,795
  • Jan 15, 2015 10:37am Jan 15, 2015 10:37am
Quoting OnlineAddict
There will be no QE, I am almost 100% sure now.
Ofc there will be no QE, simply because thats FEDs policy, who has different goals and mechanisms than ECB. ECB will prolly do a little monetary expansion, but dollar strength is helping em for some time already and now they got another support due to SNB move. So EUR pretty weak now . It gives an option to ECB to deliver that betaversion I ve been blathering about. This means it can be just an easing talk, they dont necessarily have to deliver.

Quoting Malchi
OF COURSE IT WILL ! thats why SNB stoped to defense EURO ! they cant handle it
SNB wasnt defending Euro, but Swiss Franc. But there is also a point here, that ECB could introduce negative interest rate and SNB knew after such move they would have to give up. So they have abandoned peg and cut those rates sooner than ECB. Also quite valid option, imo now it will be important to watch other CBs across Europe pre ECB conference.

T
"I know one thing, that I know nothing." Sokrates
  • #950,796
  • Jan 15, 2015 10:38am Jan 15, 2015 10:38am
Quoting janpec1000
{quote} What makes you say that? You didnt slept trough today did you
I am not talking about EU, it can keep dropping, I don't mind...but Draghi will not do any QE. Like I said, Europe is just talk, no action and the more they talk, the less they do and lately they have been talking too much.

And Draghi already got what he wanted, cheaper euro, even without any QE, so mission accomplished.
Everyone can see the chart, but only a few can actually read it.
  • #950,797
  • Jan 15, 2015 10:42am Jan 15, 2015 10:42am
Quoting fxtyrant
{quote} Lol never say never.... Afterall eurusd did trade beloe parity at some point in 2002
That's what I'm thinking. People seem to think parity is some magic thing that cant happen to the EU, and I'm sitting here thinking...its not only a possibility, it's becoming a probability. Parity and below is not uncharted territory by any means.

Still no QE, Brit constantly on the verge of leaving the EU (and if so who follows?)...

Don't have to be a rocket surgeon to put 2 and 2 together. I'm no sisse but common..

Now I'm thinking the saying what goes up, must come down....what goes back up, will come down harder. With the monthly looking like one big candle since May...what's it going to look like after we get a 32% or 50% monthly retrace?

Sure- that's an exceedingly irresponsible and simplistic way to look at it...but the charts haven't been wrong...
  • #950,798
  • Jan 15, 2015 10:44am Jan 15, 2015 10:44am
Quoting Tom_D_Trader
Man, n1 Gator. Wouldnt dare to go to UCHF.
maybe so, its not easy to say definite.. 8518 and i may have been braver.. what people have to understand is the trading life of most traders is not normal.. the last 40 years in a anomaly against the larger 400 year trend. that anomaly was caused by energy. that game changer makes, things different . energy is now changing what most know back to pre 1970 ties oil embargo. this was just a 40 year retrace, 40 years ago the usf/chf was at blank... there's a near 1.48 norm up there, needing a beer. near 87 was a good place r/r wise to take a shot at 1.48...if not, 8518 may be another.. i surely dont know. i just traded the r/r of risking a few for a lot.. so for its 1-43 r/r, had i closed the 430. at 1.48 its even better at 6,100 pips... anyway i have green locked in now regardless what way the wind blows
those who can, do. those who cant, talk about those who can
  • #950,799
  • Jan 15, 2015 10:44am Jan 15, 2015 10:44am
Quoting Pharm0r
{quote} I had a hunch about the charts completing. Thank you. I need to figure out how to plug them in vs higher zones (such as the 2005), but I also have a hunch as to that. I can't tell you now what. Not till this weekend. I'd imagine another colored chart, and start the traces all over again. There's hints on which chart from last week, so I have a hunch (I believe it's dark green on my home charts)...guess I'll have to see if my theory is proven to verify. Plus read read read & practice practice practice. And- I know...
If I get a bounce in any way or form, good... then I re-evaluate. If not, I sit on my hands until...
  • #950,800
  • Jan 15, 2015 10:45am Jan 15, 2015 10:45am
Quoting fxtyrant
{quote} Dont you just love trading fundamentals?? When things start to move fundamentally theres lots of pips to be made.... No point betting against it....
yes man with trend and fundies is everything easier ! I will try to inform myself about eur/usd about situations then i will be in and trading will be easier
"I'm not answering stupid questions."
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