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  • #954,081
  • Jan 24, 2015 1:01pm Jan 24, 2015 1:01pm
Sry mate, but I really dont get where are you heading as I believe I answered everything in the post you just quoted.
Quoting janpec1000
They want more ponzi.
Quoting Tom_D_Trader
Yes, it is very hard pill to swallow for all ordinary Greeks as it includes lowering of living standards. But now it is too late to turn around and leave EMU, they gotta finish what they have started.

Quoting janpec1000
Can you name me few countries that have been successful on big deleverage process with state of economics like 4 example countries above?
Quoting Tom_D_Trader
It is just 2008 crisis for christ sake. 6 years. Doest it look long in two milleniums of Greece history?
Omg cmon Jan, you cant be serious. All states you know went through many types of very different bankrupcies, because mankind is not here since 2008, but we are here actually for a few milleniums. And I actually feel like an idiot while saying such a very basic thing. History man, history. You are all infected by short-termism.

Quoting janpec1000
As for Greece itself the whole problem doesnt start and finish by EZ entry, its much deeper goes around their own politicans and collaborative financial terrorism that has put their state on knees. Greece wasnt broken becouse their economy wasnt ready for EZ, thats nearly not main reason.
Quoting Tom_D_Trader
Greece, as whole south of Europe lived above its means coz they have accumulated great wealth during 19th century colonisation and sea trade. They havent adapt to modern capitalism, spent their wealth and dont know yet how to make it again. But they were able in the past, these are strong nations.
T
"I know one thing, that I know nothing." Sokrates
  • #954,082
  • Jan 24, 2015 7:19pm Jan 24, 2015 7:19pm
Hi everybody!
Is difficult to explain with simply words, what happens in Greece today. Is said so many words that everyone knows the extent of the crisis.
The people want to leave this government ,that brought poverty and unemployment. Tomorrow, we will change government,and believes this will help the people and my country.
If this happens then, I believe the euro will become a another dynamic.The first exit polls to be announced 5GMT.
  • #954,083
  • Jan 25, 2015 12:36am Jan 25, 2015 12:36am
Quoting ikdenk
{quote} Thanks for your responses, appreciated. This system can be easily backtested once you have established your criteria for direction. On a random distribution the system has positive return because your TP > SL. I am also trying this on usdjpy at the Tokyo open.
nice :-) good luck for us its very great ... i tested half year ago ... london box strategy . which u take asian session from 4 european time to 7 i think ... u take high and low .. and set pending orders ... i thoug it will have great results but no so much ...
"I'm not answering stupid questions."
  • #954,084
  • Jan 25, 2015 1:33am Jan 25, 2015 1:33am
Godamn, it's weekend. Didn't you guys have had enough move last week on the EU pair ? What's the deal of over-analysis this Greece BS?

Now let me ask you. Who cares about who won the election?

If ECB would give a real damn about Greece's election result, it wouldn't so carelessly put up the QE 3 days ago, would it? So why would you care?

Regardless what you think about the election, EU's direction has already been set, and that's south.

Grexit? Greece has nothing to lose. Well... Greece has pretty much nothing anyway. So is a Grexit good for Euro zone? Maybe, and maybe not, that's none of your business in terms of trading, is it?

Now, you have one job, and one job only, and that is to keep you eyes on the 1.2000 level. That level is where the money is, so hang on to it.

Geez, worry about your trades and leave the politics alone, WOULD YOU?
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #954,085
  • Edited 2:13am Jan 25, 2015 1:57am | Edited 2:13am
Range move from 1.1300 and 1.1100 is expected before FOMC hits the wires on Wednesday morning local time.
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FOMC is expected to be the same. US is expected to continue have strong data next week.

Assuming Greece stick with Eurozone, and if USD GDP shows good number, it would act as additional pressure on the ongoing rate hike talk and possibility have the 1.1100 taken out in the process.

On the other hand, if the new Greece would pull out the 'Grexit' card next week, I guess I'd just wait and see how the market digest the news then. Grexit would be the first departure for EURO and would create huge uncertainty given the fact Euro's stability is already in question.

Currently holding short from 1.5000 zone and would put a stop right above the 1.3000.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #954,086
  • Jan 25, 2015 3:10am Jan 25, 2015 3:10am
Quoting Ken A
{quote} My marked levels zoomed to H1 - your homework to find out possible flip zones (you need 3 charts - EU, AU und EA) {image}
man we are soooo dummmm how the fook we find out u levels or zones


can i add one more chart to u 3 chrts EG
  • #954,087
  • Jan 25, 2015 3:16am Jan 25, 2015 3:16am
Why these pairs?
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  • #954,088
  • Jan 25, 2015 3:56am Jan 25, 2015 3:56am
Quoting Ken A
{quote} Why not {image}
love it nice levels
  • #954,089
  • Jan 25, 2015 4:31am Jan 25, 2015 4:31am
Quoting KGP
{quote} i cant go into politics but because i know this election better than most of you....;-)... let me tell you this syriza and no other party apart from the communist one want to leave the eurozone they clearly stated that they will use it as a negotiation tool...and thats now before they are in place to enforce it... meaning they are saying that in order to get voted. its more of a psychological issue right now for the markets than anything to do with what really is going to take place and bare in mind that 70-90% of people (according to what...

  • #954,090
  • Jan 25, 2015 5:38am Jan 25, 2015 5:38am
Quoting kill56
{quote} man we are soooo dummmm how the fook we find out u levels or zones can i add one more chart to u 3 chrts EG
That's the problem having monthly, weekly, daily and hourly in one chart - should mark it separately

Quoting Liam0530
Why these pairs? {image}
Higher risk
  • #954,091
  • Edited 7:21am Jan 25, 2015 6:42am | Edited 7:21am
I don't see a Grexit even if Syriza wins the election. The reason is, this really means Greece defaulting on its debt in their new currency and think about what this will do to the bond yield of other periphery countries (Spain, Portuguese, etc). May be in the long term it might be good for Greece to exit but there will be a loads of pain (way more pain than the current) comes with defaulting.
I agree with you it will be really bad for Euro if they do exit and I think at the end somehow Germany might revise the loan terms or something to make Greece stay...

There are fundamental flaws in the EU that needs to be fixed. I was thinking past week this Euro zone with common currency can be kind of comparable (i know its very crude comparison) to the SNB's Euro peg, you are trying to peg the currencies of many dissimilar countries together and looks like its really really difficult to work, you really need a central fiscal policy for this to work.
Quoting fxtyrant
{quote} Panic for euro if syriza wins, syriza is in search of leaving the eurozone If syriza wins and merkel & co cant come to terms with syriza, a lot of the previous bailout money might turn to dust, no hopes for greece to ever pay back their debts to europe if greece leaves
  • #954,092
  • Jan 25, 2015 8:43am Jan 25, 2015 8:43am
Quoting gatorinla
{quote} despite what is said about picking tops and bottoms.. most trades do just that. just usually on a smaller tf.. then the perceived trend. the trend is in both directions often. a ride to C may first point to A to get momentum. during this drawdown your trade is red. upon approaching B if your indi is over bought/sold telling you it may reverse get out. with the smaller tf candles. wait to c if its gonna go back to AB mid before C... at AB mid look for reversal signs to go back to B then BC mid then C........ repeat the process...infinite...
folks, i want to ask if i use the fib, mid, and mofu as properly. hope gator or anyone else can correct me thank you.
i got swing long from 22 july 2012 100% at 1.2044 and 0% at 1.3171. as i read old post of gator about A to B and go back to AB mid and back to B or even touch A once more, from my point, my A is 1.2044 the 100% (swing low) and my B is 1.3171 the 0% (swing high). price is trying to approach my A again but cant down further as it is stop at 1.2660 (almost touch AB mid). because there's no sign of reversal, i create another fib from the B to C this case, fib turns upside down (swing high to swing low) the 100% at 1.3171 the B point to 0% at 1.2660 the C point. in the picture shows it passed the BC mid, so my first question is the AB mid is no longer valid? is the way to A 'shut' down? then it continues upward breaching BC 61.8 MOFU. by 16 dec 2012, the B point has passed/broke. second question is the BC mid is no longer valid? where price will go with highest probability? back to BC mid or goes to higher retracement (113, 127, 141) by PA there? let say we really reach the point D as the picture shown, am i need to draw another fib from C to D to form another MID and MOFU point again or from A to D to create larger MID and MOFU?

any assistance really appreciated
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  • #954,093
  • Jan 25, 2015 8:58am Jan 25, 2015 8:58am
I will be away this week. Play safe. GL
  • #954,094
  • Edited 10:18am Jan 25, 2015 9:35am | Edited 10:18am
Ohhhh FOMC this week. I'd imagine, each time they don't raise rates this year..Mr. market is gonna punish them. Not that it hurts at all.

Still looking for a monthly close below 1209 this week- to close off 2131 area

draw fib from all time low (.82xx) to all time high (1.60xx)- you'll see what I see.
  • #954,095
  • Jan 25, 2015 9:45am Jan 25, 2015 9:45am
guys what about election???????????///
  • #954,096
  • Jan 25, 2015 9:46am Jan 25, 2015 9:46am
If AB = CD then D is at 1.37878

But will give monthly close below 1.1200

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  • #954,097
  • Jan 25, 2015 10:01am Jan 25, 2015 10:01am
Quoting youpick56
I created this system look what it did for the Eur-usd and the swiss dollar drop, only using on demo count {image} {image}
I extensively used this on an M5 for scalping purposes about 5 years ago.
  • #954,098
  • Jan 25, 2015 10:18am Jan 25, 2015 10:18am
Quoting Ken A
If AB = CD then D is at 1.37878 But will give monthly close below 1.1200 {image}
the failure of the price from B point head to mid AB turns into C point. i still dont get it if the AB mid is still valid or not while price moves from point C to mid BC and break it to 61.8 BC
  • #954,099
  • Edited 10:35am Jan 25, 2015 10:24am | Edited 10:35am
Quoting Pharm0r
Ohhhh FOMC this week. I'd imagine, each time they don't raise rates this year..Mr. market is gonna punish them. Not that it hurts at all. Still looking for a monthly close below 1209 this week- to close off 2131 area draw fib from all time low (.82xx) to all time high (1.60xx)- you'll see what I see.
Maybe a good chance for RR long back to 1670, with a stop below this latest LL...

if we attempt and fail to close a LL I'll take the chance, maybe @ .11445. Hatch might scream at me....

So far, 1670 is almost 50% of the monthly candle.

a MN close above 1209 would be bullish and support this theory imo.....I realize this is a 500+ pip move, so it may never make it with FOMC coming...then again it may skyrocket. Who knows, just reading the chart.
  • #954,100
  • Jan 25, 2015 10:40am Jan 25, 2015 10:40am
Quoting kanchmadush
guys what about election???????????///
18:00 cet polling stations will be closed. forecasts available short time after this. around 20:30 first extrapolations.
fortis fortuna adiuvat
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