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  • #957,781
  • Feb 5, 2015 5:46am Feb 5, 2015 5:46am
Quoting goldfinch
{quote} If all that is true we should be at parity already, that has been going on since last summer, we aren't, so put your thinking cap back on.
It dropped from 1.4 to where we are now, and it's all true and yes we're going to 1.0 within 2 years. It just can't go in a straight line, the move was already ridiculously fast to 1.11 as it is.
  • #957,782
  • Feb 5, 2015 5:49am Feb 5, 2015 5:49am
Quoting goldfinch
{quote} He doesn't need ammo, Draghi hasn't done a thing since last summer it has all been talk.
but he can "talk" very very good!
  • #957,783
  • Feb 5, 2015 5:49am Feb 5, 2015 5:49am
Quoting goldfinch
{quote} He doesn't need ammo, Draghi hasn't done a thing since last summer it has all been talk.
Not true. Rate cut, QE.
  • #957,784
  • Feb 5, 2015 5:49am Feb 5, 2015 5:49am
Quoting goldfinch
{quote} Do your research. It is a simple supply and demand equation.
I understand the equation . . . I was looking for the 'big clue'!
  • #957,785
  • Feb 5, 2015 5:53am Feb 5, 2015 5:53am
Downward slanting trend-line continue supporting the EU selling towards 1.1310 and 1.1230 supports with 1.1480 being an SL to observe.
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  • #957,786
  • Feb 5, 2015 5:53am Feb 5, 2015 5:53am
Finally got my pips... phew. Was going to be greedy and go for 1.14 but ehhh... maybe go back in and target that.
  • #957,787
  • Feb 5, 2015 5:54am Feb 5, 2015 5:54am
Quoting goldfinch
{quote} ...This is where retail traders that held shorts on the way up start revenge trading with lotsizes that are too big for their account attempting to rescue their balance from their inability to cut their losses early on the previous move.
Very good post...

Quoting gatorinla
....4 the truth is, neither does anyone else nobody knows what will be written in new Greek laws concerning this.
Agree but thats why betting on the status quo has priority over chaos and panic.

That is (sadly or not, it's irrelevant) and has been the european way to face new challenges/problems since WWII. Avoid conflict , delay action that can trigger frictions between countries and hope the economy and the strong social and internal democratic structures shift to normal conditions.

Sure one of these day it will fail and backfire. Maybe Greece will be the trigger, maybe the raise of the extreme right, maybe economic struggles from the poorer members, we don't know, but extreme doom scenarios are always better ridden (from a trading perspective) when they get trigger not before...

We'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #957,788
  • Feb 5, 2015 5:54am Feb 5, 2015 5:54am
Quoting goldfinch
{quote} QE hasn't started yet, you don't think we are front running now? Sell the rumour, buy the fact.
Yes its not fully implemented, if you think it wont be so be it, i think otehrwise. And rate cut was done on program.
  • #957,789
  • Feb 5, 2015 5:56am Feb 5, 2015 5:56am
gbp looking like its lining up 548x+,, if it pulls back to 4950/5086 i may long it. and before that near 5269 i may short is atm at 5238
those who can, do. those who cant, talk about those who can
  • #957,790
  • Feb 5, 2015 5:57am Feb 5, 2015 5:57am
If GU spikes down might support EU higher.
  • #957,791
  • Feb 5, 2015 5:59am Feb 5, 2015 5:59am
Quoting goldfinch
{quote} Storage and transport will be the one to watch.
I suppose so, as supply ain't going down any time soon from the Saudis and demand doesn't look like rising in the short/medium term.
Now just need to watch for truck drivers being laid off . . .
  • #957,792
  • Feb 5, 2015 6:02am Feb 5, 2015 6:02am
Quoting gatorinla
gbp looking like its lining up 548x+,, if it pulls back to 4950/5086 i may long it. and before that near 5269 i may short is atm at 5238
Yes fresh supply up there 5270ish area, strong one. Preffered would be spike up there today, otherwise we will close with HH on daily which is technically no go for me on shorts.
  • #957,793
  • Feb 5, 2015 6:03am Feb 5, 2015 6:03am
1.1424 still holds, but probably this is just a matter of time to break it and go down.
Create a plan, test it, stick it, whatever is hapenning.
  • #957,794
  • Feb 5, 2015 6:04am Feb 5, 2015 6:04am
Long gold 1262.
  • #957,795
  • Edited 6:19am Feb 5, 2015 6:04am | Edited 6:19am
Quoting goldfinch
{quote} I am not saying at all that QE won't start, I am just stating the fact that there has been no action at all on the whole run down, it has all been on talk.
+1.... finally someone who understood what im shouting here since months.......this is true, today still no action, only some useless speechs....
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DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #957,796
  • Feb 5, 2015 6:08am Feb 5, 2015 6:08am
Quoting goldfinch
{quote} Correct, REAL demand has actually gone down. Other smaller nations have also increased production slightly to make up for the fall in total dollar income, think South America, their cost of production is alot higher. The price drop we have seen is mainly supply driven, there comes a time where that supply has no place to go. It won't be at current levels, it will be a lot lower. For a huge fan of a free market as myself, what we are seeing right now is pure poetry in motion, it is a market at its finest.
So you'd think. I knew there was a huge supply glut over a year and half ago and expected this crash. Was one of my favorite long term plays. However, even I understand that it's economic warfare beyond anything else.
  • #957,797
  • Feb 5, 2015 6:10am Feb 5, 2015 6:10am
Anyone know why GBP hasn't moved yet?
  • #957,798
  • Feb 5, 2015 6:12am Feb 5, 2015 6:12am
Quoting goldfinch
{quote} Of course it is, I have said so. You can't take away from the fact though that it is driven by a well working beautifully executed free market. Demand has gone down in the Far East, the ME saw the rise of the US producers and didn't like what they were seeing, they increase production in a declining market and voila we are seeing the result today. Beautiful.
Both were happening for a while now, where was the free market when those were already the fundamentals a year and half ago and I was shorting 10 contracts?
  • #957,799
  • Feb 5, 2015 6:16am Feb 5, 2015 6:16am
i will feel safe for short if we back below 1.1409.. lets see..
the true currencies here is patience and react precisely
  • #957,800
  • Feb 5, 2015 6:16am Feb 5, 2015 6:16am
Probably 1.15< will reached before NY open or under USA news (so in NY time it can come down) ?
This H4 is not squeezed yet..and will close 30min after news.
Oh...faceplant...yesterday I highlighted 1.14900< and it didn't reach...I found that an important short-killer level...since that moment it only went down...and collected much-much-much more short.
So the answer to my question is ....I guess..yes.
f(z)=z2+c
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