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  • #969,201
  • Mar 15, 2015 2:36am Mar 15, 2015 2:36am
Quoting Deitreider
{quote} Does this mean You would consider shorting again at say 1.0520 since the downtrend is technically and fundamentally intact? Or would You let this pass since the risk:reward is not so good?
im on the sidelines until i see a formation thats good.
if you check my trade explorer, i only enter trades that has the highest probability to be profitable and the lowest variance (drawdown) while holding the trade.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,202
  • Mar 15, 2015 3:38am Mar 15, 2015 3:38am
I think EUR/USD will come lower after a little rebound next week, but where is the good point to Entry short again?
It's life let's live and enjoy
  • #969,203
  • Mar 15, 2015 5:32am Mar 15, 2015 5:32am
Quoting traupro
I think EUR/USD will come lower after a little rebound next week, but where is the good point to Entry short again?
Watch for something like this, 1, 2, 3, or more days pull back / retracement

Be patience, don't chase the price, let it come to you

Use the momentum in your direction

But in the end, up to you, what kind of trader are you?
Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #969,204
  • Mar 15, 2015 5:38am Mar 15, 2015 5:38am
Quoting fxtyrant
{quote} You trust your robot, and your robot has its view... so your robot view is your view... dont say you dont have a view because your robot taken over... you chose to put him in his place because you believe in its views.... i wish your robot the best of luck, had a bad experience trading with expert advisors on metatrader. they dont adapt well to changing market conditions like a trader would.

We we will see how it does this coming week, I have trades on the demo
That's it's set before the close, if the gap is with the long term trends will be instant arousal, and will may give it some oil for its good services
  • #969,205
  • Mar 15, 2015 5:40am Mar 15, 2015 5:40am
Quoting Erebus
{quote} Watch for something like this, 1, 2, 3, or more days pull back / retracement Be patience, don't chase the price, let it come to you Use the momentum in your direction But in the end, up to you, what kind of trader are you? {image}
What a good Entry!
I'm learning to trade
Thank you for your reply!
It's life let's live and enjoy
  • #969,206
  • Mar 15, 2015 6:02am Mar 15, 2015 6:02am
Hi guys,
I would not consider to wait for a little higher price to go short. Yes, current level is very expensive and a bit risky. BUT 1.05 - 1.06 is a key area to the 20-30 year trendline. If that line holds, we will be in a 500-1000 pip retracement which could take some weeks or even months.
For the downside scenario the 1.00 psychological line doesn't matter that much. We will be in a full retracement to 0.90, more exactly 0.84 levels. By the way major banks f.e. Deutsche Bank set 0.84 as their target for E/U.
You have to be very carefully, keep watching the levels and PA here.

And please, this is not an advise to go long or short here. Just an info to keep that scenarios in mind.
  • #969,207
  • Mar 15, 2015 6:10am Mar 15, 2015 6:10am
Quoting .vor-
Hi guys, I would not consider to wait for a little higher price to go short. Yes, current level is very expensive and a bit risky. BUT 1.05 - 1.06 is a key area to the 20-30 year trendline. If that line holds, we will be in a 500-1000 pip retracement which could take some weeks or even months. For the downside scenario the 1.00 psychological line doesn't matter that much. We will be in a full retracement to 0.90, more exactly 0.84 levels. By the way major banks f.e. Deutsche Bank set 0.84 as their target for E/U. You have to be very carefully, keep...
Thank for your information, but could you pls give me a source of the information "major banks f.e. Deutsche Bank set 0.84 as their target for E/U"?
It's life let's live and enjoy
  • #969,208
  • Mar 15, 2015 6:20am Mar 15, 2015 6:20am
Quoting traupro
{quote} Thank for your information, but could you pls give me a source of the information "major banks f.e. Deutsche Bank set 0.84 as their target for E/U"?
you can find it in several newspapers / finance websites. For example:
http://uk.businessinsider.com/deutsc...85-2015-3?r=US
  • #969,209
  • Mar 15, 2015 6:24am Mar 15, 2015 6:24am
Quoting .vor-
{quote} you can find it in several newspapers / finance websites. For example: http://uk.businessinsider.com/deutsc...85-2015-3?r=US
I 've got it.
Thank you for share!
It's life let's live and enjoy
  • #969,210
  • Mar 15, 2015 6:53am Mar 15, 2015 6:53am
looks ng forward to a new week, and hopefully i see a good setup to enter to make my followers some money.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,211
  • Mar 15, 2015 7:03am Mar 15, 2015 7:03am
Quoting fxtyrant
looks ng forward to a new week, and hopefully i see a good setup to enter to make my followers some money.
See some retracement coming up before next leg down. At least during first 2/3 days. What is your idea ?
Intraday only.
  • #969,212
  • Mar 15, 2015 7:35am Mar 15, 2015 7:35am
[quote=fxtyrant;8137905]looks ng forward to a new week, and hopefully i see a good setup to enter to make my followers some money.[/quote

May you live long buddy.I feel like.....you cook and we eat.

As you had posted earlier in your post that you play with daily chart.Would you please tell that which charts do you use to get support and resistance and what chart you take to enter and Do you consider japanese candlestick formation as well.
your reply will be much appreciated.
  • #969,213
  • Mar 15, 2015 8:27am Mar 15, 2015 8:27am
Quoting fxtyrant
{quote} 1. Sources of news hmmmm i dont use forexfactory for data releases... My bank provides me with bloomberg terminal and thomson reuters eikon platform for he most up to date data releases, but if you need a good source... For years i used forexlive.com... But the views he give, take ot with a pinch of salt.... Dont fully trust it 2. Psych levels are essentially the round numbers and the semi rounded numbers... The morerounded the number is the most likely that a lot of people have their orders there to either defend it or to take advantage...

thanks fxtyrant for the answers ... happy trading to you .... :-)
  • #969,214
  • Mar 15, 2015 8:33am Mar 15, 2015 8:33am
Quoting fxtyrant
{quote} the reason why i placed order at 1.0630 is because i believe eurusd would test 1.06, but when psych leveled round numbers like 1.06 gets tested, there tends to be an over flow.... thats why i placec orders 10-30 pips above a specifically important level like 1.06... now why not 1.0650?? because 1.0650 is a half psych..... 1.0670, well if i think 1.0650 was the strong psych resistance. then my expectation of an overflow adds 10-20 pips above t makes it 1.0670 pending short... but nah 1.06 was the important psych resistance i was eyeing...
so nothing to do with techs in this case?
why are you so sure the 1.06 is the more important than 1.0650? because it is more rounded? (no offense question, trying to learn)

EU fundi is terrible and really in huge bear. how about the NU condition aside from the strong USD, is the NZD in easing mode? im lack of fundamental filter :|
  • #969,215
  • Mar 15, 2015 8:41am Mar 15, 2015 8:41am
next week will be interesting with fomc that's for sure. Personally I took some warning signs from Janet Yellens testimony to congress so I am definitely staying light and expecting more of the same rhetoric. She might give us a nice squeeze to enter short from better levels.
Time waits for no one
  • #969,216
  • Mar 15, 2015 8:43am Mar 15, 2015 8:43am
Quoting pipsonayacht
1.05 here we come again
Target hit again
Time waits for no one
  • #969,217
  • Mar 15, 2015 8:50am Mar 15, 2015 8:50am
Quoting Sants
{quote} so nothing to do with techs in this case? why are you so sure the 1.06 is the more important than 1.0650? because it is more rounded? (no offense question, trying to learn) EU fundi is terrible and really in huge bear. how about the NU condition aside from the strong USD, is the NZD in easing mode? im lack of fundamental filter :|
Its very basic stuff i think Price consistently testing 0930, 0830, 0730, and 0630 before going down, its the price action that tells the psychological level of number. Fundamental is the big trend thats going on. Right now the eur is at 049 where it tested then bounce a 100 pips and right before that is 530. This is a huge psycho level even bigger than before a break above 530 could be a tretracement of 100-200 pips and a max of 300 pips to 0830. But if it cannot break above 530 during monday then down to 390 and 430 before news. To knows the trend u look at 1D but when you open5M to 30M u will know where is the intraday level to enter. Daily chart shows a red candle on fri but when u look at smaller chart those Resistance are cónisistently test
  • #969,218
  • Mar 15, 2015 9:38am Mar 15, 2015 9:38am
Quoting Sants
{quote} so nothing to do with techs in this case? why are you so sure the 1.06 is the more important than 1.0650? because it is more rounded? (no offense question, trying to learn) EU fundi is terrible and really in huge bear. how about the NU condition aside from the strong USD, is the NZD in easing mode? im lack of fundamental filter :|
because indeed its more "Psyched" and if you just put a line at 1.06 see it work as a Support/Resistance level before.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,219
  • Mar 15, 2015 9:46am Mar 15, 2015 9:46am
Quoting Matts Micro
Haha someone spat the dummy? http://www.forexfactory.com/ashff {image}
It's very likely a referencing account.
  • #969,220
  • Mar 15, 2015 9:47am Mar 15, 2015 9:47am
Quoting Sants
{quote} so nothing to do with techs in this case? why are you so sure the 1.06 is the more important than 1.0650? because it is more rounded? (no offense question, trying to learn) EU fundi is terrible and really in huge bear. how about the NU condition aside from the strong USD, is the NZD in easing mode? im lack of fundamental filter :|
heres whats interesting with the NZD.... NZD is following AUD, RBNZ also didnt lower interest rates recently along with RBA....
but CHina is expected to lower interest rates further, i doubt RBA and RBNZ would allow their currency appreciate against the RMB too much... i think both RBA and RBNZ would likely lower interest rates sometime this year.....
they risk not lowering interest rates causing their currency to be stronger than the RMB because that way China wouldnt buy resources from Australia and New Zealand....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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