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  • #971,161
  • Mar 19, 2015 4:35am Mar 19, 2015 4:35am
Wow... WSJ also just broke their record for most confusing chart of all time...
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  • #971,162
  • Mar 19, 2015 4:37am Mar 19, 2015 4:37am
Quoting KGP
{quote} mate do you have access to your terminal to see yesterdays high?
i got 1.10374
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #971,163
  • Mar 19, 2015 4:38am Mar 19, 2015 4:38am
Quoting Citiboy
Wow... WSJ also just broke their record for most confusing chart of all time... {image}
are they "showing" more or less that we had the lowest we could see until "next time" (in a few years on the next cycle?) !!!! or i misunderstood a few things....
  • #971,164
  • Mar 19, 2015 4:38am Mar 19, 2015 4:38am
Yesterday got caught in the stop runs. Got stopped out with the second push to 1.1. Who could have thought that they would push it that high. Well, I will enter on retest. at 1.091.
By the way, what do you guys think of EURCHF? I am shorting it right now. IMO SNB cut the peg, because they foresaw the ECB QE. The price has retraced until the start of QE and when it started, it has since created LL and LH. I think this confirms, that the retrace has ended and I am targeting at least 1.0.
Ofc there might be some manipulations and stop runs,so the SL has to be wide.
  • #971,165
  • Mar 19, 2015 4:39am Mar 19, 2015 4:39am
1.1050 on Oanda
Why sell the bottoms when you can buy the tops...
  • #971,166
  • Mar 19, 2015 4:43am Mar 19, 2015 4:43am
Quoting JustAndy
1.1050 on Oanda

I have 1.10425 OANDA
A good trader follows his rules, but great trader knows when to break them
  • #971,167
  • Mar 19, 2015 4:43am Mar 19, 2015 4:43am
Quoting Citiboy
Wow... WSJ also just broke their record for most confusing chart of all time... {image}
Looks like my vitamin intake for the said period
  • #971,168
  • Mar 19, 2015 4:46am Mar 19, 2015 4:46am
Quoting Skapisfx
Yesterday got caught in the stop runs. Got stopped out with the second push to 1.1. Who could have thought that they would push it that high. Well, I will enter on retest. at 1.091. By the way, what do you guys think of EURCHF? I am shorting it right now. IMO SNB cut the peg, because they foresaw the ECB QE. The price has retraced until the start of QE and when it started, it has since created LL and LH. I think this confirms, that the retrace has ended and I am targeting at least 1.0. Ofc there might be some manipulations and stop runs,so the SL...
not worth the stress, euro and snb have a very complex relationship. even after the off peg SNB is still trying to control the chf to prevent it from over powering euro
  • #971,169
  • Mar 19, 2015 4:48am Mar 19, 2015 4:48am
Fxtyrant...can I ask your thoughts on silver..from these lows... going lower or due a push up to real levels...in line with 17:1 ratio planet earth.. Thinking of investing in a few blocks..actual..
  • #971,170
  • Mar 19, 2015 4:51am Mar 19, 2015 4:51am
Quoting buttons
Fxtyrant...can I ask your thoughts on silver..from these lows... going lower or due a push up to real levels...in line with 17:1 ratio planet earth.. Thinking of investing in a few blocks..actual..
i dont play with precious metals. Precious metals agaisnt USD is an idicator of Dollar's Strength... might as well look at the DXY....
raw metals like copper, iron however has strong effects on AUD and CNY
oil is with CAD
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #971,171
  • Mar 19, 2015 4:52am Mar 19, 2015 4:52am
Tyrant, in your humble opinion, Hold the Eur/Usd Short?
  • #971,172
  • Mar 19, 2015 4:57am Mar 19, 2015 4:57am
Great volatility last 24 hours

but what's next?

fundamentally I still favor the downside, euro-zone still has an awful lot to prove to make it a better play than the US imo.

looking at the charts though....

Monthly: it is still correcting the 0.82xx to 1.60xx bull run and as per my chart you can see that the first target zone is complete and the second is in play which extends to 0.989x. This level coincides with the 78% retrace level and should form very good support if price gets that far. Below this level it is technically set to challenge the low of 0.82xx. To be clear most corrections end in the 50-62% zone and if they go beyond 78% they normally challenge the 100%

Weekly: there is nothing worth seeing in the weekly chart as it is simply a stretch of the monthly in this extended move

Daily: Clearly there has been a correction here of the last leg down (measured from the top of the last consolidation zone) it made the 50-62% zone and came up just shy of the Weekly-R2 and Monthly-S1 level 1.106x. IF the correction is not over we should look at the Weekly-R3 and Monthly Open which sit at 1.1180/1.1223. but I suspect the correction is done and there is not enough fundamental news about to lift it above.

H1: here you can clearly see the part the Weekly-PP 1.0620 is playing first as resistance and now as the first line of support that stretches to 1.058x so don't get chopped up in there..... a break below sees the bottom challenged for a possible new low.

If you are still in doubt I am playing shorts....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2015 EU Mar 19 H1.PNG Size: 37 KB
  • #971,173
  • Mar 19, 2015 4:57am Mar 19, 2015 4:57am
Quoting ill_be_back
{quote} I have 1.10425 OANDA
That's weird
Attached Image
Why sell the bottoms when you can buy the tops...
  • #971,174
  • Mar 19, 2015 5:00am Mar 19, 2015 5:00am
Quoting fxtyrant
{quote} i dont play with precious metals. Precious metals agaisnt USD is an idicator of Dollar's Strength... might as well look at the DXY.... raw metals like copper, iron however has strong effects on AUD and CNY oil is with CAD
No problem, thanks anyways... A bit diversification going on this year.. no exposure to silver metal... I did here the metal brokers are leveraged away beyond 60:1... so want to buy actual in HK as no vat on position...how bad..
  • #971,175
  • Mar 19, 2015 5:01am Mar 19, 2015 5:01am
Quoting JustAndy
{quote} That's weird {image}
hi, i've got 1.1050 for oanda too, and the best part was, i placed a random huge stoploss there too while trying to short this beastly market.
so i incurred heavy losses because of my random huge stop loss.
  • #971,176
  • Mar 19, 2015 5:03am Mar 19, 2015 5:03am
Quoting sisse
.... HIKES on June were killed yesterday and now September is the one to track in gradual hikes after patience was taken out from the FOMC. This will kill volatility in the euro for a few weeks until the end of April forming an extended wide range from 1.068x / 1.106x. This week's roll above 1.076x will technically confirm...

For the rest of the session, a very tradable v slow (to pan out) and choppy intraday leg 1.071x to 1.106x with strong intermediate stops at 1.087x is wide open with Europe holding the 1.07xx handle.

sisse
1.068x barely held but held at the end the european opening range. Choose you poison time for those playing the wide range. In my case I already chose mine...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #971,177
  • Mar 19, 2015 5:05am Mar 19, 2015 5:05am
1.0650 buyers nice work!
Twitter: @TrendersGame
  • #971,178
  • Mar 19, 2015 5:07am Mar 19, 2015 5:07am
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  • #971,179
  • Mar 19, 2015 5:08am Mar 19, 2015 5:08am
Quoting Dano12
{image}


perfect bounce off that trendline eh
Twitter: @TrendersGame
  • #971,180
  • Mar 19, 2015 5:18am Mar 19, 2015 5:18am
Quoting Citiboy
1.0650 buyers nice work!
I'm in right at the bottom from 1.0461..................(and what a bounce!)


Quoting navk
{quote} There will be some bounce for sure, let us wait until Monday. Double bottom may be the key. Have longs too but had shorts too.
Quoting cspip
{quote} Prolly around 1.0461.........
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