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  • #963,441
  • Feb 24, 2015 12:41pm Feb 24, 2015 12:41pm
Quoting OnlineAddict
I see only one reason why this doesn't want to stay below 1300...big boys didn't get their short entries yet...if 1533 wasn't enough to break 1300, maybe 1550+ will...many stop losses there, too...so lets say 1567.
Or they wait for enough longs to be added on current bottom of range to crush it trough.
  • #963,442
  • Feb 24, 2015 12:42pm Feb 24, 2015 12:42pm
Quoting ClinicalEx
{quote} The pair's looking to form a really decent bottom and daily candle is a HL currently rejecting 6 prior daily lows so building a range well above the current yearly low. It's trying to bottom off a relevant area too if you check your high TF charts so we'll need to be careful. GL mate.
Someone is doing the homework

H4 = HL HL but not HH above .787x yet

Line in the sand .7850
  • #963,443
  • Feb 24, 2015 12:44pm Feb 24, 2015 12:44pm
Quoting janpec1000
{quote} Or they wait for enough longs to be added on current bottom of range to crush it trough.
Yes, thats another possibility...I will still wait for 1400+ at least...to short with more confidence. And I would only short 1567 with all my confidence...full lots.
Everyone can see the chart, but only a few can actually read it.
  • #963,444
  • Feb 24, 2015 12:48pm Feb 24, 2015 12:48pm
Short EUR/USD for a 6 pip target. Sold @ 1.1335
  • #963,445
  • Feb 24, 2015 12:51pm Feb 24, 2015 12:51pm
Quoting sisse
{quote} It's getting harder and harder to grasp who is defending 1.127x which such a strength. 6 Major attacks in a month and all held steady and in a hurry...whoever is sitting there has very very deep pockets. In any case, bears starting to cough at the lows after Europe and the US failed to crack it. London already gave up intraday thats why the latest bounce down/up on the fix. Bear stops are naked on the highs and a tiny breach will open 1.137x and marginally the 1.140x handle but as long as 1.134x holds the session there is nothing to see...
thought passed my mind, but in this range don't like to be too sure on any side, anyhow scalping the equities much easier and rewarding lately
Don't be a hero. Don't have an ego. Always question yourself
  • #963,446
  • Feb 24, 2015 12:54pm Feb 24, 2015 12:54pm
is 1.133 the bottom right now I took a trade the wrong on accident now im stuck don't want to close negative
  • #963,447
  • Feb 24, 2015 12:55pm Feb 24, 2015 12:55pm
I do not think one ECB QE has more power than 3 FED QE's combined. US dollar bull needs a rest.

Attached Image (click to enlarge)
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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #963,448
  • Feb 24, 2015 12:55pm Feb 24, 2015 12:55pm
Quoting janpec1000
{quote} Or they wait for enough longs to be added on current bottom of range to crush it trough.
Hate to repeat myself, but:
What do you think which side opens more orders here? And don't think as a pro, think as a weak handed retailer who started trading 3 month ago, and in full profit because of one sided market.
Which side can open trade here with worst R:R?
f(z)=z2+c
  • #963,449
  • Feb 24, 2015 12:56pm Feb 24, 2015 12:56pm
Quoting sisse
{quote} It's getting harder and harder to grasp who is defending 1.127x which such a strength. 6 Major attacks in a month and all held steady and in a hurry...whoever is sitting there has very very deep pockets. In any case, bears starting to cough at the lows after Europe and the US failed to crack it. London already gave up intraday thats why the latest bounce down/up on the fix. Bear stops are naked on the highs and a tiny breach will open 1.137x and marginally the 1.140x handle but as long as 1.134x holds the session there is nothing to see...
London showed signs of wanting lower. ny didnt follow through on London's month, with a close. but ny did attack it. i stick with the bears.. still need 1279.. -1288 is good too with close.. -1209 better... London week at 1357 still holding for the time being, month at 1288 and 1279 also holds. 1209 is helping them.. its been a month here with no change.
those who can, do. those who cant, talk about those who can
  • #963,450
  • Feb 24, 2015 12:56pm Feb 24, 2015 12:56pm
Quoting ffleo
I do not think one ECB QE has more power than 3 FED QE's combined. US dollar bull needs a rest. {image}
exactly
f(z)=z2+c
  • #963,451
  • Feb 24, 2015 12:59pm Feb 24, 2015 12:59pm
Quoting hathor
{quote} exactly
I agree with both of you. This is a really bad place to sell EU(other than for a scalp).
Everyone can see the chart, but only a few can actually read it.
  • #963,452
  • Feb 24, 2015 1:06pm Feb 24, 2015 1:06pm
Quoting FXSayWhat
{quote} {quote} {quote} Hi gatorinla, do you mean professional gambling? j/k Just some quick thoughts on trading and gambling while you 2 are at it, Gambling operate on mathematical probability. The odds is FIXED. Trading works on your trading edges. Entry, exit, market emotion, outcome will never the same. The winning odds is hardly the same from one trade to another. These are some of the core differences in gambling and trading. The common ground is both subjects plays with probability, and that is that. {quote} And no, there isn't an absolute...
gambling is risking anything of value for gains, w/o a certain outcome
those who can, do. those who cant, talk about those who can
  • #963,453
  • Feb 24, 2015 1:07pm Feb 24, 2015 1:07pm
USDCAD rallied a few minutes ago after BoC Poloz statement, a good opportunity to trade
  • #963,454
  • Feb 24, 2015 1:07pm Feb 24, 2015 1:07pm
Quoting tomas.v
USDCAD rallied a few minutes ago, quite strange but a good opportunity to trade
USD/CAD shorted.
The coincidental success is more dangerous than the expected failure
  • #963,455
  • Feb 24, 2015 1:08pm Feb 24, 2015 1:08pm
Can someone of the experts around here give me a place to find the most reliable OPENING daily price for the EUR-USD.
I have been using Bloomberg site to calculate my levels from their opening price and have had sucess but the levels are off by a tiny bit everyday and i think thats because the opening prices "they" use are different then those from bloombergs site
  • #963,456
  • Feb 24, 2015 1:10pm Feb 24, 2015 1:10pm
So lets ask ourselves, WHY would someone with that much money hold .1270/1300?

Possible valid answer below.

Quoting OnlineAddict
I see only one reason why this doesn't want to stay below 1300...big boys didn't get their short entries yet...if 1533 wasn't enough to break 1300, maybe 1550+ will...many stop losses there, too...so lets say 1567.
Next question-

IF it has been one group loading these longs @ 1270....at what point do they SL or TP?

Also- what if this is just accumulation of L or S....it could very well be either.



This range is becoming a compressed spring...

I think most valid answer is accumulation by a larger player (hedge fund, govt, etc).....but which way...
  • #963,457
  • Feb 24, 2015 1:13pm Feb 24, 2015 1:13pm
Quoting Pharm0r
Next question- IF it has been one group loading these longs @ 1270....at what point do they SL or TP? Also- what if this is just accumulation of L or S....it could very well be either. This range is becoming a compressed spring...
Yes, it can be anything...just for me, the long side at this low 1300 levels has a much better RR ratio than the short side. SLs are clear...all below 1270...not that far...for shorts...they are 200+ pips from here...like I said...I like my chances better with longs at this point, USD index being so overbought helps, too.
Everyone can see the chart, but only a few can actually read it.
  • #963,458
  • Feb 24, 2015 1:17pm Feb 24, 2015 1:17pm
Quoting gatorinla
{quote} London showed signs of wanting lower. ny didnt follow through on London's month, with a close. but ny did attack it. i stick with the bears.. still need 1279.. -1288 is good too with close.. -1209 better... London week at 1357 still holding for the time being, month at 1288 and 1279 also holds. 1209 is helping them.. its been a month here with no change.
Yeap, pretty much agree. After today short term fundamentals are cleared, technically there is nothing to do today but wait until pans out. As i mentioned in a previous post, we may get the low of the month at the dead end of the week....

ES (equities) are fighting really hard to hold the last mini break but after the FED its the first time in over a month that they are starting to look very tired and the closing bell may bring an early trigger for tomorrow that will carry the move to currencies via dollar ....

Lets see how it goes...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #963,459
  • Feb 24, 2015 1:23pm Feb 24, 2015 1:23pm
Quoting OnlineAddict
{quote} Yes, it can be anything...just for me, the long side at this low 1300 levels has a much better RR ratio than the short side. SLs are clear...all below 1270...not that far...for shorts...they are 200+ pips from here...like I said...I like my chances better with longs at this point, USD index being so overbought helps, too.
The path below is open, but 1533 has yet to see a retest.

Daily shows a bearish descending triangle
  • #963,460
  • Feb 24, 2015 1:23pm Feb 24, 2015 1:23pm
Quoting Neqrotik
{quote} USD/CAD shorted.
Good, but i don't expect too deep move, however CAD is quite a volatile currency recently.
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