E/U just some scenarios; 1.0870/60 needs to hold though
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- #6,222
- Mar 9, 2015 6:36am Mar 9, 2015 6:36am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #6,223
- Mar 9, 2015 6:36am Mar 9, 2015 6:36am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
{quote} Hi Tradezilla, I do use fundamentals, technicals and sentiment. As much as I can say fundamentals can be up and price still declines because of sentiment and vice versa. If you watch the daily and check up 1.5325, you will see it has its fundamental value, it may not reach 1.5525 sooner or later but I look for quick 30 pipsLast year we had a great year trading G/J fundamentals (BOJ QE etc.) but I can tell you from experience that markets focus on 1, max. 2 fundamentals at the same time (you dont have to agree with me here
As for your reply, I would not disagree, I would totally agree, there is a powerful sentiment factor in the market, which would affect a pair temporarily and allow for a30-50-80 pip win, but eventually the market settles at fundamentals especially when the big guys stabilize their positions. So for a quick snatch/scalp, sure I agree.
GL dude.
- #6,226
- Mar 9, 2015 6:41am Mar 9, 2015 6:41am
- Joined Apr 2014 | Status: Trader | 2,417 Posts
{quote} I see what you mean, 1.618 @ DP 183.70/60 and 'C' is close to the 'high probabilty continuation/reversal' level. Thank you for this Lalu, thats one beautiful and clean chart, impressive
Thanks amigo
It's all about bucks, kid. The rest is conversation.
- #6,227
- Edited 7:13am Mar 9, 2015 6:51am | Edited 7:13am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
{quote} I guess with "no order, only chaos" we would not see all this Fibo hype (up the second FIBO level will hit the third and vice versa on the downside). I tend to agree on the chaos thing though, there is a huge element of chaos in life. As for your reply, I would not disagree, I would totally agree, there is a powerful sentiment factor in the market, which would affect a pair temporarily and allow for a30-50-80 pip win, but eventually the market settles at fundamentals especially when the big guys stabilize their positions. So for a quick...
I'd like to answer you to this sentence "which would affect a pair temporarily and allow for a 30-50-80 pip win"; I'd like you to go the the daily chart of GBP/JPY and go the the 19th September 2014 - 15. Oktober 2014; fundamentals [BOJ, QE] policy was still in place and fundamentals cleary were up but still sentiment was able to push down GBP down approximately ~1270Pips.
I basically stick to the fundamentals but I dont ignore sentiment, it even give you greater opportunities to stick with the fundamental trend just because it pushed price down to a 'fair fundamental price'. Me and workingforex traded long there (168ish) and took 1000Pips+ by following the fundamental trend; gotta look for that post in the geppy thread.
Anyway thanks for your reply, feel free to contribute and good luck to you too sir, cheers
- #6,228
- Mar 9, 2015 6:54am Mar 9, 2015 6:54am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
Fix up, trade sharp ...
- #6,230
- Mar 9, 2015 7:00am Mar 9, 2015 7:00am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
{quote} looking at 1.086
Fix up, trade sharp ...
{quote} I believe anything is true in the market at a certain time and degree. I'd like to answer you to this sentence "which would affect a pair temporarily and allow for a 30-50-80 pip win"; I'd like you to go the the daily chart of GBP/JPY and go the the 19th September 2014 - 15. Oktober 2014; fundamentals [BOJ, QE] policy was still in place and fundamentals cleary were up but still sentiment was able to push down GBP down approximately ~1270Pips. I basically stick to the fundamentals but I dont ignore sentiment, it even give you greater opportunities...
I had 1525 Pips .... Still learning but that trade did teach me quite a lot! 
- #6,232
- Mar 9, 2015 7:02am Mar 9, 2015 7:02am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
{quote}
Fix up, trade sharp ...
- #6,233
- Mar 9, 2015 7:04am Mar 9, 2015 7:04am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
{quote} lol ... these bastards
long 60ish
- #6,234
- Mar 9, 2015 7:06am Mar 9, 2015 7:06am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
{quote} Still dreaming about such large pips in one trade ... but the year is long enough for new opportunities, especially on Geppy!
31. October 2014 really pushed it in our way by a 500Pips daily candle as BOJ announced 50 trillion QE.
- #6,235
- Mar 9, 2015 7:07am Mar 9, 2015 7:07am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
{quote} I try one, low risk, high reward
Add: Lunchtime guys, bbl
- #6,236
- Mar 9, 2015 7:08am Mar 9, 2015 7:08am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
{quote} I try one, low risk, high reward
Fix up, trade sharp ...
- #6,237
- Mar 9, 2015 7:09am Mar 9, 2015 7:09am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
Fix up, trade sharp ...
- #6,238
- Mar 9, 2015 7:09am Mar 9, 2015 7:09am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
{quote} im out; flat on E/U; should have shorted 1.0905/1.0895, nvm next time
Fix up, trade sharp ...
- #6,239
- Mar 9, 2015 7:11am Mar 9, 2015 7:11am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
Fix up, trade sharp ...
