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  • #969,841
  • Mar 17, 2015 5:17am Mar 17, 2015 5:17am
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When a move falls nicely in a channel, it tends to be corrective. This morning's UJ.
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  • #969,842
  • Mar 17, 2015 5:25am Mar 17, 2015 5:25am
Push higher looking inevitable now, I'll take better entries if that's the case, no problem.
  • #969,843
  • Mar 17, 2015 5:26am Mar 17, 2015 5:26am
Quoting Ck87
Push higher looking inevitable now, I'll take better entries, no problem.
hmm why not go long, the technicals are in favour
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  • #969,844
  • Mar 17, 2015 5:27am Mar 17, 2015 5:27am
Quoting shellsnail
{quote} hmm why not go long, the technicals are in favour
because the fundamentals are not! going long and you might get caught with your pants down. Going short is safer.....
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  • #969,845
  • Mar 17, 2015 5:27am Mar 17, 2015 5:27am
Quoting fxtrader08
{quote} because the fundamentals are not! going long and you might get caught with your pants down. Going short is safer.....
then just exit the trade and take a short when that happens? :/ Don't get it. if something is 'inevitable' (if there's ever such a thing) to go up, why not long.
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  • #969,846
  • Mar 17, 2015 5:28am Mar 17, 2015 5:28am
Quoting shellsnail
{quote} then just exit the trade and take a short when that happens? :/ Don't get it. if something is 'inevitable' (if there's ever such a thing) to go up, why not long.
Not going against the strongest trend. 1.05 and lower was the place to buy, definitely not doing it here. Would still be long if it weren't for that damn friday stop out move, that's how markets work though oh well.
  • #969,847
  • Mar 17, 2015 5:30am Mar 17, 2015 5:30am
Quoting shellsnail
{quote} then just exit the trade and take a short when that happens? :/ Don't get it. if something is 'inevitable' (if there's ever such a thing) to go up, why not long.
go to the cash machine - take out some money and tear it up
  • #969,848
  • Mar 17, 2015 5:32am Mar 17, 2015 5:32am
Quoting shellsnail
{quote} then just exit the trade and take a short when that happens? :/ Don't get it. if something is 'inevitable' (if there's ever such a thing) to go up, why not long.
I could use another one of these though... 1.08x is still possible, would be a gift if so.
And I'll tell you what truly is inevitable... parity
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  • #969,849
  • Mar 17, 2015 5:32am Mar 17, 2015 5:32am
Quoting Ck87
{quote} I could use another one of these though... 1.08x is still possible, would be a gift if so. {image}
Hmm that's a very strong fundamental bias you have there... Could be dangerous.. You don't know for sure what'll happen.

But if you use good MM will be fine
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  • #969,850
  • Mar 17, 2015 5:36am Mar 17, 2015 5:36am
GBP getting slammed..... momentum was so much clearer than with EU...
  • #969,851
  • Mar 17, 2015 5:36am Mar 17, 2015 5:36am
Quoting shellsnail
{quote} Hmm that's a very strong fundamental bias you have there... Could be dangerous.. You don't know for sure what'll happen. But if you use good MM will be fine
I just follow the flock until it changes direction. Its been much safer overall for me.....maybe if I got good MM skills, I'd start to go long and short but at the moment I've been shorting for past few months.
  • #969,852
  • Mar 17, 2015 5:38am Mar 17, 2015 5:38am
Quoting fxtrader08
{quote} I just follow the flock until it changes direction. Its been much safer overall for me.....maybe if I got good MM skills, I'd start to go long and short but at the moment I've been shorting for past few months.
Absolutely. Always trade with the trend.

But the caveat is the trend is not always easy to define. So I guess it varies based on trading preferences.
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  • #969,853
  • Mar 17, 2015 5:39am Mar 17, 2015 5:39am
Quoting gatorinla
a break in 0616/19 looks to want 0687 ish min.. a trip to 0585 may be wanted before 0687, and after 0616 break.. if no 0616 break, 0504 is in the cards likely..G zew in 20.. old 0627 is still in the mix. closes - 0586 may turn the tide of st crap indicated.
if she is going to 068x.. 0585 should happen before. and to get to 068x she would need to get above 0627 ish.. lack luster move atm... at 0585, its below 0586.. closes below 0586 can trap it
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  • #969,854
  • Mar 17, 2015 5:40am Mar 17, 2015 5:40am
Quoting shellsnail
{quote} Looking to add to UJ short. target min 120.76. (where a harmonic bullish bat is completed on the 1H chart.) Next 30 mins are important... UJ may enter strong momentum down move..
Breakout below 121.23 will launch a strong move.. ~ 50 pips.

Looking to add even more (when that happens).
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  • #969,855
  • Mar 17, 2015 5:41am Mar 17, 2015 5:41am
h1 volume points lower.
  • #969,856
  • Mar 17, 2015 5:44am Mar 17, 2015 5:44am
Quoting shellsnail
{quote} Absolutely. Always trade with the trend. But the caveat is the trend is not always easy to define. So I guess it varies based on trading preferences.
I think thats the beauty of forex - you and I can both look at the same chart and do completely different things and still come out with a profit :-)

I use bots mostly but I understand what their doing and BELIEVE in the strategy so I trust them fully. Cost a little bit but worth it.
  • #969,857
  • Mar 17, 2015 5:44am Mar 17, 2015 5:44am
Quoting fxtrader08
{quote} I think thats the beauty of forex - you and I can both look at the same chart and do completely different things and still come out with a profit :-) I use bots mostly but I understand what their doing and BELIEVE in the strategy so I trust them fully. Cost a little bit but worth it.
I use bots to diversify and reduce risk... Doesn't matter if they are unprofitable actually Break even is fine.. As long as they are profitable when my main strategy loses.
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  • #969,858
  • Mar 17, 2015 5:46am Mar 17, 2015 5:46am
Meeting between Tsipras, Juncker, Draghi, Merkel & Hollande after the Euro Council meeting was just arranged. Meeting with V. Putin rearranged for April 8th instead of May 9th. Prepare your shorts
  • #969,859
  • Mar 17, 2015 5:47am Mar 17, 2015 5:47am
PAthetic PA on EU right now.... just waiting for that spike
  • #969,860
  • Mar 17, 2015 5:54am Mar 17, 2015 5:54am
Order flow dynamics on UJ is changing.

This pattern is typical of trending environments and has been absent the past few times UJ was falling. Now it's here. Things are changing.

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Ofcourse it has to play out...
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