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  • #968,521
  • Mar 12, 2015 9:25pm Mar 12, 2015 9:25pm
Pending BUY EU 1.0586
A good trader follows his rules, but great trader knows when to break them
  • #968,522
  • Mar 12, 2015 9:29pm Mar 12, 2015 9:29pm
Quoting ill_be_back
Pending BUY EU 1.0586
what happen to your SHORT EU 1.0591 ?
  • #968,523
  • Mar 12, 2015 9:32pm Mar 12, 2015 9:32pm
Quoting ill_be_back
Pending BUY EU 1.0586
very chaotic market IMO. Could be sign of usd reversal, but probably all depends on FOMC's inclusion/avoidance of keywords..
  • #968,524
  • Mar 12, 2015 9:34pm Mar 12, 2015 9:34pm
Quoting HelloOz
{quote} what happen to your SHORT EU 1.0591 ?
Was SL on That, But then got In again Higher Up

http://www.forexfactory.com/attachme...1&d=1426185606
A good trader follows his rules, but great trader knows when to break them
  • #968,525
  • Mar 12, 2015 9:37pm Mar 12, 2015 9:37pm
Quoting Didgeridoo
{quote} very chaotic market IMO. Could be sign of usd reversal, but probably all depends on FOMC's inclusion/avoidance of keywords..
If WRONG LOSS will be less then 10 BUT if RIGHT WIN BIG
A good trader follows his rules, but great trader knows when to break them
  • #968,526
  • Mar 12, 2015 9:42pm Mar 12, 2015 9:42pm
Quoting KiwiTrada
looking at the monthly or weekly, this present bear train is almost the same distance as the 2008 crash, almost as steep but not as violent 2008 had 3 mind blowing months of dumping, incredible pips, this train probably Jan only one to come close, this months certainly has potential at the moment, but means nothing until closed, congrates to the bear especially the ones who either got in early smelly finger hunting or in the meat of the move, right now there is potential for double dynamic if they start taking profit and buyers start entering it...
Keep in mind though that the situation back then was quite different than the situation now. The financial markets were literally on the verge of collapsing, led by US banks. All the banks in the US just passed the mandated stress tests.

Today, we have gradual easing by the ECB in a controlled manner, and the Greek situation is also being handled in the best possible way. The Eurozone is actually not in that bad of a shape.

However, and this is key, the Euro is still overvalued. Most of the central banks across the world are easing while the Fed is on the verge of tightening. The dollar will reign supreme over the next couple of years; there is no avoiding that. The line has been drawn in the sand and the accounts have already been settled behind the scenes. The powers that are now in damage control mode to prevent the markets from panicking. There will always be a retracement, as the EUR/USD cannot fall straight down, that's not possible. 1.05xx was/is a key technical and psychological level that prompted heavy profit taking. Yet, we have only seen a one hundred pip bounce. This is not a correction. I'm trying to be as objective as possible.

I think what your point about 2008-2009 is valid, but in a different way. That huge spike up, is now being wound down: this downward pressure in the Euro is the inverse of that move; not the other way around. So if anything, your point only further supports parity and below.

Edit: This could definitely go higher. 1.08, 1.09 and 1.1 are on the table. But the selling will resume. You're definitely right; money/risk management is key, which is why I won't be going long.
  • #968,527
  • Mar 12, 2015 9:46pm Mar 12, 2015 9:46pm
@ Ill_be_back - i like your energy, m8 Party traders!! Woo


I'm waiting for the trend. Could go up, Could go down, tonight - or 30 days like the last retrace @_@ sooner or later, hopefully sooner
  • #968,528
  • Mar 12, 2015 9:52pm Mar 12, 2015 9:52pm
Quoting ill_be_back
{quote} Was SL on That, But then got In again Higher Up {image}
DP tested. 50 % retracement done and bounced from there. . Possible to retrace upto 50 % again. Below 50 % for today is bearish. Having said that I am long with SL This is only for Intra day trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 63 KB
Intraday only.
  • #968,529
  • Mar 12, 2015 10:07pm Mar 12, 2015 10:07pm
Hi, hope you guys are having fun. Mr on break buying break on UJ (again and again and again...) and selling Aussie now.
"I know one thing, that I know nothing." Sokrates
  • #968,530
  • Mar 12, 2015 10:12pm Mar 12, 2015 10:12pm
Quoting pips4m3
{quote} Keep in mind though that the situation back then was quite different than the situation now.....
I am very sure Kiwi has totally no clue what he is doing.

Speaking of which, I got no problem with starting to buy EU right now (if I suppose holding for 2+ years), as was waiting for cycle to finish up to 1,07. Think this is going to be quarterly consolidation mid and current trend is monthly overshoot.

Is just easier for it to run out of steam, I buy when I get confirm of finish.

Btw, last tickets to Aussie submarine.
"I know one thing, that I know nothing." Sokrates
  • #968,531
  • Mar 12, 2015 10:20pm Mar 12, 2015 10:20pm
Quoting Ck87
{quote} I disagree with you about people who don't use SL are full of shit. If you really have a certain instrument down as strongly trending, and know the underlying conditions are all in play and the trend is still going, why take a loss on it? Just manage your money properly and look for better entries as it moves against you, as long as the trend is still in play you KNOW it will make a lower low or higher high. Now I know it is easier said than done and you can argue it's a guessing game as we don't ever really know anything, but when you see...

nope not arguing just opinions, your statement "KNOW" is very dangerous term to use, if you could "KNOW" what the market will do this is called the lost "HOLY GRAIL" as far as I know it is still "LOST",

The only thing anyone really "knows" is what has already happened!!! ie "trend" it is easy to say we are in a trend down, sell sell, this mentality is silly, everyone knows what is to the left of the present candle, its not rocket science, but no one knows unless market maker what will print to the right

There are only 3 phases to forex up / down / turn around the turn around phase is called "smelly finger" phase the up & down is called the meat phase,

Traders get burnt in all 3 phases depending on time frame and risk will determine the profit / loss

I accept selling in a down trend is optimal for some traders, whilst tight traders with strict mm enjoy the smelly finger phase, problem is considering what is going to print to the left?? is in all reality unknown and should be treated as unkwown

Like saying we are in a down trend, when it HAS been dropping hard for nearly a year is like "really, wow" then to say it will keep dropping is like "really, wow" one of these "really wow" is fact one yet is to be proven, the only one can be traded is the 2nd:nerd:
If you are new to Forex? Say Goodbye to your account!!
  • #968,532
  • Mar 12, 2015 10:22pm Mar 12, 2015 10:22pm
Quoting Tom_D_Trader
{quote} Speaking of which, I got no problem with starting to buy EU right now (if I suppose holding for 2+ years), as was waiting for cycle to finish up to 1,07. Think this is going to be quarterly consolidation mid and current trend is monthly overshoot. Is just easier for it to run out of steam, I buy when I get confirm of finish.
Best of luck on your long if you decide to pull the trigger. There is event risk coming up with FOMC next week though which I'll be watching closely. If the tone changes, I will change my outlook and buy, but not until then.

Quoting Tom_D_Trader
Btw, last tickets to Aussie submarine.
Are you looking at AUD/NZD? I think that's an interesting pair.
  • #968,533
  • Mar 12, 2015 10:23pm Mar 12, 2015 10:23pm
Quoting KiwiTrada
The only thing anyone really "knows" is what has already happened!!!
Mate I agree with you but this sentence is wrong. We know nothing. You dont know what happened, because your brain is twisting informations he receives. So each and every one of us has his own version of history.

Sell that Aussie!!
"I know one thing, that I know nothing." Sokrates
  • #968,534
  • Mar 12, 2015 10:26pm Mar 12, 2015 10:26pm
Quoting pips4m3
{quote} Best of luck on your long if you decide to pull the trigger. There is event risk coming up with FOMC next week though which I'll be watching closely. If the tone changes, I will change my outlook and buy, but not until then. {quote} Are you looking at AUD/NZD? I think that's an interesting pair.
See, it seems we are on epically different page. I am talking about two years investment and you about next week.

Is the same with your advices to Kiwi. Long term vs short term. Thats why I didnt like you were playing smartass on him. And now on me. WTF are you talking about?

This place is nuts, am out, am actually having a break and this is useless.
"I know one thing, that I know nothing." Sokrates
  • #968,535
  • Edited 10:42pm Mar 12, 2015 10:29pm | Edited 10:42pm
Quoting Tom_D_Trader
{quote} See, it seems we are on epically different page. I am talking about two years investment and you about next week. Is the same with your advices to Kiwi. Long term vs short term. Thats why I didnt like you were playing smartass on him. And now on me. WTF are you talking about? This place is nuts, am out, am actually having a break and this is useless.
Um, I wasn't trying to be a smartass. I was asking a genuine question. To each his own though. Good luck.

Edit: I still can't believe you took offense to what I said. I 100% was not trying to be a smartass or offend you. Lol. Funny shit man, funny shit.
  • #968,536
  • Mar 12, 2015 10:32pm Mar 12, 2015 10:32pm
I have a short E/U 1.05695, should I hold it? Any advise?
It's life let's live and enjoy
  • #968,537
  • Mar 12, 2015 10:38pm Mar 12, 2015 10:38pm
Quoting Tom_D_Trader
{quote} I am very sure Kiwi has totally no clue what he is doing. Speaking of which, I got no problem with starting to buy EU right now (if I suppose holding for 2+ years), as was waiting for cycle to finish up to 1,07. Think this is going to be quarterly consolidation mid and current trend is monthly overshoot. Is just easier for it to run out of steam, I buy when I get confirm of finish. Btw, last tickets to Aussie submarine.
absolutely no clues what so ever

If I was to show running short trades from high 1 39,s all the way to 1 2131 most achieved during smelly finger phase I would be called crazy (which is apt title)

when aussie was 1.10 gator was calling 64cent I was little more generous calling 72cent and for kiwi @ 8835 was calling for 74 - 76 cents we had bucket loads of shit thrown at us, oddly most them not around no more

I have been super bear for years eu au ku gu since 2009, last few months I have been trying life as bull, thus far has not proven very successful, but I am still here, still trying, nothing goes one way for ever
Attached Image
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  • #968,538
  • Mar 12, 2015 10:44pm Mar 12, 2015 10:44pm
Quoting pips4m3
{quote} Frankly, I'm curious as to why people here get offended so easily when people like myself are trying to have meaningful, objective conversations. I just don't understand. Maybe it's a cultural thing? Maybe it's the type of people who show up on these boards? I'm genuinely curious why people here are wound up so tight. Maybe it's a language barrier. Who knows.

Isn't that obvious? People get cranky when they lose, and that's what most people do best!!! Right?
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  • #968,539
  • Mar 12, 2015 10:46pm Mar 12, 2015 10:46pm
Quoting KiwiTrada
{quote} absolutely no clues what so ever If I was to show running short trades from high 1 39,s all the way to 1 2131 most achieved during smelly finger phase I would be called crazy (which is apt title) when aussie was 1.10 gator was calling 64cent I was little more generous calling 72cent and for kiwi @ 8835 was calling for 74 - 76 cents we had bucket loads of shit thrown at us, oddly most them not around no more I have been super bear for years eu au ku gu since 2009, last few months I have been trying life as bull, thus far has not proven...
i also remember a few people on the AUDUSD thread going against me when i said AUDUSD was headed for 0.7280 when it was stalling around 0.9

sidhujag
daddybear....

never forget a name...
We live in a finite world with infinite possibilities.
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  • #968,540
  • Mar 12, 2015 10:49pm Mar 12, 2015 10:49pm
Quoting HelloOz
{quote} what happen to your SHORT EU 1.0591 ?
his short would be profitable but he seem like hes confused about what direction he wants to take....
We live in a finite world with infinite possibilities.
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