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  • #956,701
  • Feb 3, 2015 4:53am Feb 3, 2015 4:53am
Quoting gatorinla
{quote} i rarely close for 10 unless a s/l is hit.. early in a trade. i watch and on a stall on a small chart i close for 20 or more. the amount closed many times makes the whole trade a b.e. .. even if the remainder takes a red s/o.. last h closed above 1331. for the London watchers
Aha! Thank you. But then those 'gutted trades' are actually a big part of trade profits, aren't they?
Fail better.
  • #956,702
  • Feb 3, 2015 4:56am Feb 3, 2015 4:56am
Quoting Jubata
Buy, buy, buy maybe to 1.1400 ....
reason.................?????
wait for good news..
  • #956,703
  • Feb 3, 2015 4:58am Feb 3, 2015 4:58am
Quoting LarryDarrell
{quote} Aha! Thank you. But then those 'gutted trades' are actually a big part of trade profits, aren't they?
sometimes ..,, more important, they dont count against me on a retrace. freeing up some space to make other trades.
those who can, do. those who cant, talk about those who can
  • #956,704
  • Feb 3, 2015 4:58am Feb 3, 2015 4:58am
Quoting Magicmen
Watch out all EU, EJ and UJ are going north. One must come down.
UJ will have a temporary bounce downwards, but it will move up. We've tested major supports for both the UJ and GJ on the 4hr chart, and the thing's not going south of that support prior to D-day (Friday).

So we'll probably see EU go down, since UJ and EU are inversely related more often than not.
  • #956,705
  • Feb 3, 2015 5:00am Feb 3, 2015 5:00am
Quoting scalperdebes
Juncker: EU Won’t Change Everything Because of 1 Electoral Vote 18:04 “Obviously, we have to take account of the democratic expression of the Greek people,” European Commission President Jean-Claude Juncker says. • “I think that those who won the elections will also have to take account of the way in which others do things and the convictions of others,” Juncker says at European Parliament in Brussels • “It’s not just one European country that has expressed what it wants democratically. There are other opinions in Europe, democratically expressed...
  • #956,706
  • Feb 3, 2015 5:04am Feb 3, 2015 5:04am
hi wen q ti
  • #956,707
  • Feb 3, 2015 5:09am Feb 3, 2015 5:09am
Quoting hathor
{quote} Little kisses to the line till now...it cracked again on lower time frame, question is if it will be rejected again.
Closed over the TL on M1->H1
f(z)=z2+c
  • #956,708
  • Feb 3, 2015 5:10am Feb 3, 2015 5:10am
Quoting gatorinla
{quote} its not ignored, its priced in. then its a 0 sum on the scale. till the next time something is added or subtracted from either side.
Absolutely MAD what is happening in european equities. DAX is going to tick 11000!!!. This is aligning very nasty for main markets. Its starting to form a base for a panic leg across the board triggered via greedy equities and the bastards are squeezing every last penny of this QE part 1 rally.

The initial QE reaction is fully completed with equities at these levels and profit taking is around the corner. IMO, we are going to get the PT via a panic leg and the bastards know it. Most analyst and main players are digesting rather v. negative the first attempt from the new Greek government (they are on a tour of Europe begging or getting told off nobody knows)to change anything on the debt side.

On the euro. We are going to enter in "soap opera mode" for the first time since 2010 in the euro via Greece again. On the fundamentals, the initial momentum QE move ended on 1.110x and the slightly dollar dovish sentiment via this month timid FED tone on hikes is also pretty much completed in the next intraday leg up (which is pretty much a done deal).

The momentum in the next main leg down in the euro will come from Greece soup opera the last 2 weeks of the month before the 20 something "deadline" to renew the loans. Knowing history repeat itself (especially in the EZ) will see an eleventh hour semi deal kicking the can down the road for later hoping it will turn around... The force of this move looks dangerously powerful given the irrational levels in equities (pure manic move and greed now...very dangerous as a strong blow in panic will make a Lehman % downs size move in a few days in equities).

Intraday, the move up pushed via equities today looks a done deal. Only level to track for the session and the opening range in NY is 1.138x. Cleaning weak shorts stops above to the 1.15xx handle still the best and healthier option at these levels....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #956,709
  • Feb 3, 2015 5:13am Feb 3, 2015 5:13am
Quoting scalperdebes
hi wen q ti
good evenin Master E ...

i been scalping in and out. Im happy pipping.
Hehehe thank u
  • #956,710
  • Feb 3, 2015 5:17am Feb 3, 2015 5:17am
:nerd:
  • #956,711
  • Feb 3, 2015 5:40am Feb 3, 2015 5:40am
Quoting sisse
{quote} Absolutely MAD what is happening in european equities. DAX is going to tick 11000!!!. This is aligning very nasty for main markets. Its starting to form a base for a panic leg across the board triggered via greedy equities and the bastards are squeezing every last penny of this QE part 1 rally.
Agree with the madness, but with interest rates around 0% I don't see any alternative....
Next leg on it's way

DAX M5:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #956,712
  • Edited 6:10am Feb 3, 2015 5:43am | Edited 6:10am
Quoting Rockerzeus
{quote} Hi TheNoob, Do you only play that range between upper and lower bands intraday?Thanks
this is what everybody is doing... today again we longed it 1314...(SL 1304...)..........the 1302 bands(13117 the low) + 1304 S1(R1 1358).... 1307 the normal S...........
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #956,713
  • Feb 3, 2015 6:00am Feb 3, 2015 6:00am
Greek shares up 9% now, banks up 17%...
Look Sharp/Trade Tight
  • #956,714
  • Feb 3, 2015 6:02am Feb 3, 2015 6:02am
Quoting hathor
{quote} Closed over the TL on M1->H1
Retested the trendline on M1->H1
f(z)=z2+c
  • #956,715
  • Feb 3, 2015 6:05am Feb 3, 2015 6:05am
perhaps some support in the yen at 116.97 worth a scalp...
Look Sharp/Trade Tight
  • #956,716
  • Feb 3, 2015 6:11am Feb 3, 2015 6:11am
Quoting USD-Bear
{quote} Agree with the madness, but with interest rates around 0% I don't see any alternative.... Next leg on it's way DAX M5: {image}
Well yes agree thats is exactly the main issue and the main difference between when FED and BOE pulled the trigged and the ECB.

Now we have negative rates and the unbalance between European macro numbers and US is out of proportion so the push QE factors get swallow by the US and the dollar (especially if FED start hiking).

Equities levels are completely disjoint from economic reality in Europe (when the FED QE we were at rock bottom in equities NOT ALL TIME HIGHS !!! ).

Thats why i mentioned a panic leg via Greece. If we add a self-inflicted wound in the EZ via panic, you run the risk of only keep feeding one side (the wrong one) of the problem. Global finance will finger the problems in the EZ and ride the pig of QE and recovery in US equities. Cash and other investments will be easily and obviously held in dollars instead of euros (especially with FED hikes and negative rates in europe) making a self-perpetuaitng, never-ending, vicious circle with similar implications to the Japanese disease.

Agree it looks complex. The lack of leadership in Europe during the crisis and the very slow response and opposition (bailout, bond buying and QE were on the table since 2008) from Germany especially, added to the well know mess of the Piigs keep charging its toll.

We'll see. In my case I am flat in ALL short term equities classes as from today. Don't know the exact high (all time highs) and markets are in overdose mode. Basically changing the short term outlook in European Equities from strong buy to neutral until further developments.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #956,717
  • Feb 3, 2015 6:16am Feb 3, 2015 6:16am
I think descending trend-channel will continue supporting the EURUSD decline and the 1.1400 can become a reversal point for on-going EURUSD pullback.
Attached Image (click to enlarge)
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  • #956,718
  • Feb 3, 2015 6:26am Feb 3, 2015 6:26am
Quoting PayTheLimit
perhaps some support in the yen at 116.97 worth a scalp...
Hi PTL, you riding the pig intraweek down or quarter up? Think RBA action yesterday should boost Nikkei a bit... and all stocks up apart from Nikkis. Am seriously happy.
T
"I know one thing, that I know nothing." Sokrates
  • #956,719
  • Feb 3, 2015 6:27am Feb 3, 2015 6:27am

Quoting Fx_Anil
I think descending trend-channel will continue supporting the EURUSD decline and the 1.1400 can become a reversal point for on-going EURUSD pullback. {image}
  • #956,720
  • Feb 3, 2015 6:30am Feb 3, 2015 6:30am
Quoting sisse
when the FED QE we were at rock bottom in equities NOT ALL TIME HIGHS !!!.
Mate thx again for your posts. Really appreciated. Btw, seen this pic at FT? I know you prolly have it all in your notes, but I really like that chart. We sure are fast in Europe .
Attached Image (click to enlarge)
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"I know one thing, that I know nothing." Sokrates
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