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  • #957,821
  • Feb 5, 2015 7:40am Feb 5, 2015 7:40am
Quoting sophiaphia
{quote} Yes. 1.42 go little euro. same STP, same TP 1.164
go little sophiaphia, go!
f(z)=z2+c
  • #957,822
  • Feb 5, 2015 7:44am Feb 5, 2015 7:44am
Quoting BlueGas
{quote} 65 on the way guessin, quite a biggie in my books
Hold or fold now i guess on 1465, though still struggling with 36
  • #957,823
  • Feb 5, 2015 7:45am Feb 5, 2015 7:45am
Positions being erased.

Current hourly close above 30 and target is 70/80 upwards.

May test 20/30 inside after close or may not.
They think they are smarter than I am.
  • #957,824
  • Feb 5, 2015 7:46am Feb 5, 2015 7:46am
Quoting gatorinla
{quote} that high holding/rejection can lead to a bull going back to 5109 to eat some Wheaties.. or the bear still wanting 4848... short 5257.. risking 20
took a shower and came back to s/o.. trade #s not so good
those who can, do. those who cant, talk about those who can
  • #957,825
  • Feb 5, 2015 7:49am Feb 5, 2015 7:49am
Quoting Rockerzeus
{quote} Hi Sisse, Can we say that reaction made on air covered by who could not trade ECB news last night and they will also join downside movement after they loaded enough? Thanks
Nobody was trading when the news hit the wires it was at the end of the day without Europe/US and/or Asia on board.

I cannot answer (nobody knows) who bought the lows today.

However, by common sense and more often than not, when you have a small unexpected knee jerk reaction outside of trading hours the "air" left by that move, will basically leave empty the bids/offers in between those levels. Once price find a floor (or a top depending on news) it will travel back until it find the main proper sizeable bids and offers from before the unexpected news.

This usually is the same point as before the news except when you have a massive fundamental news (like the SNB for example) or externality (9/11, earthquake in japan etc) that will create a runaway move that will force all players to reposition and chase the move.

I hope it makes sense ...

1.142x getting chop in and out as expected. I hope not many around are on those levels despite the warnings in this thread ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #957,826
  • Feb 5, 2015 7:50am Feb 5, 2015 7:50am
So its green or red for the greenback ?>??????
  • #957,827
  • Feb 5, 2015 7:52am Feb 5, 2015 7:52am
Hello is the news neg for the dollar ????
  • #957,828
  • Feb 5, 2015 7:54am Feb 5, 2015 7:54am
Why do people think its positive ??? Cos 3 green and one red flag ???? Nope , you cant interpret this way
  • #957,829
  • Feb 5, 2015 7:54am Feb 5, 2015 7:54am
Quoting goldfinch
{quote} we are consolidating the run up, don't just see a red bar as an intraday reversal. Right now we are testing the high again, there is nothing yet saying we are going back down. ..

Poetry in motion.

Yesterday it took 4-5 hours before we got another decent move going, that caught out lots of retailers, guess today is no different.......


Today we have lots of silly retailers again posting impossible targets on both red and green bars........


Quoting goldfinch
{quote} We are at an area that blows accounts, still lots of momentum bars up testing a previous high, but plenty of red bars too that suck in the wary. I was talking about it yesterday how areas like this are always messy, this is where the uninitiated jump in, plenty too late to catch a move, others too early to catch a reversal. This is noise, good to scalp but not easy to do succesfully. 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.
A contrarian; I always disagree.
  • #957,830
  • Feb 5, 2015 7:59am Feb 5, 2015 7:59am
Quoting sisse
{quote} and a desperate Moscow in search for friends in Europe too so definitely a major issue ... {quote} I definitively see you point Gator and i kind of agree with the risks in Europe (and the world) from this crisis. My point however is about the impact for us traders trading the euro. When I say "betting on the status quo" its because there is no much room for anything else. Look we both almost 100% agree on the major levels down. We know that parity is just around the corner (and even technically below to 0.8xx). We both know that the fundamentals...
pushing the Greeks out or them leaving to me, is not insignificant. the whole point of euro was/is stability. them leaving is opposite of stability. When a vacuum is created in the aftermath its all clear seldom before .
every action has some sort of reaction. putin licks lips


lowest trade is 1444... looking to add higher or just stay pat.. unless something shows up. i thought for sure 1379/80 min was going to be hit, before this last trade # pop..i would have closed a little there
those who can, do. those who cant, talk about those who can
  • #957,831
  • Feb 5, 2015 8:00am Feb 5, 2015 8:00am
Quoting gatorinla
{quote} took a shower and came back to s/o.. trade #s not so good
I have a short PO that activated @ the monthly Fibs lvl , I will leave some room for 532x/3x if we reach it .
Attached Image (click to enlarge)
Click to Enlarge Name: fibs.JPG Size: 24 KB
Get Rich or Die Tryin
  • #957,832
  • Feb 5, 2015 8:02am Feb 5, 2015 8:02am
Anyone else see that UCAD?
http://prntscr.com/61corh
  • #957,833
  • Feb 5, 2015 8:02am Feb 5, 2015 8:02am
Quoting oRi3
Great, hourly close below 1.1414/1.1424. Once again short on 1.1415 SL - same, hourly close under 1.1424.
Funny world, close at 1.14239 - still in play.
Create a plan, test it, stick it, whatever is hapenning.
  • #957,834
  • Feb 5, 2015 8:02am Feb 5, 2015 8:02am
Quoting Z3iz3i
Positions being erased. Current hourly close above 30 and target is 70/80 upwards. May test 20/30 inside after close or may not.
Worst close inside 20-30.

Need to wait 15 or 16 GMT for closes from technical perspective.
They think they are smarter than I am.
  • #957,835
  • Feb 5, 2015 8:06am Feb 5, 2015 8:06am
Unemployment though its green , its still a step backwards from the previous data.
  • #957,836
  • Feb 5, 2015 8:09am Feb 5, 2015 8:09am
Quoting tankokjian
Unemployment though its green , its still a step backwards from the previous data.
that may be a good sign, more people enter job search when conditions look better, a anomaly before more people work.
those who can, do. those who cant, talk about those who can
  • #957,837
  • Feb 5, 2015 8:11am Feb 5, 2015 8:11am
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.
thats the plan
  • #957,838
  • Feb 5, 2015 8:14am Feb 5, 2015 8:14am
Quoting 21vs7
{quote} thats the plan
dont fight the plan
those who can, do. those who cant, talk about those who can
  • #957,839
  • Feb 5, 2015 8:18am Feb 5, 2015 8:18am
Quoting gatorinla
{quote} dont fight the plan
yeah, just saying draghizz have euro where he wants it.. same went for equities. while he done nothing. with QE in full motion next we could see some delevereging in bond market which could have impact on the fx side directly. when greece settles
  • #957,840
  • Feb 5, 2015 8:23am Feb 5, 2015 8:23am
anyone see audusd back down so fast from the top.. green pips on that audusd.. but still woried about EU..
the true currencies here is patience and react precisely
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