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  • #972,441
  • Mar 23, 2015 10:26am Mar 23, 2015 10:26am
One thing is very sure in fx trade. Be sensitive when everyone is crying sell, sell, or buy, buy know that the market wants to rip off thousands of retail traders. It will clear them out by making a sudden opposite direction before making any reasonable direction trend.
  • #972,442
  • Mar 23, 2015 10:28am Mar 23, 2015 10:28am
Quoting ffleo
{quote} I prefer longing kiwi over aussie. kiwi broke resistance around 0.76 on daily, but aussie not yet. Will watch aussie reaction to data tonight and wait for a few days for it to drop a little before intending to long it.
Imo the daily TL from 5/9/2014 has been well and truly broken hence the smashing through nearly months tight resist structure. Currently .7850 has been broken and if it survives the D close perhaps this is just the beginning. I mainly watch technical but even with negative news that resis lvl below could become strong support.
As the lights go by so too do the shadows move
  • #972,443
  • Mar 23, 2015 10:29am Mar 23, 2015 10:29am
Quoting fxtyrant
todays a nice day the big boys are rinsing and washing out stops to the top side... Washing out stops by the unconvicted bears, seem it all too many times, it might take a little bit longer for me to take profit at 1.0650 though but the fundies are there, and the long term trend never lies
You are right. You saying my mind. I think there are days where the market is allowed to flow without interruption , and some days like Fridays and Mondays the usual SL hit is very comnon.
  • #972,444
  • Mar 23, 2015 10:30am Mar 23, 2015 10:30am
Whats gonna give or hold whats gonna give or hold...Teammmwork! Whats gonna work? Teammmwork!....Sorry... hold over from my kindergarten days.

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  • #972,445
  • Mar 23, 2015 10:30am Mar 23, 2015 10:30am
Quoting palinco
One thing is very sure in fx trade. Be sensitive when everyone is crying sell, sell, or buy, buy know that the market wants to rip off thousands of retail traders. It will clear them out by making a sudden opposite direction before making any reasonable direction trend.
Very well put. The market boils down to "supply and demand", and since in forex their is an unlimited amount of lots, the market can and will shift the price quickly in order to make the most profit it can as quickly as possible. It was evident based on that spike up last week by EU, and how EU dropped, then recovered more then 75% of the spike. That should say something about the short position which are being held. IMHO.
5% a day keeps the 9 to 5 away.
  • #972,446
  • Mar 23, 2015 10:32am Mar 23, 2015 10:32am
Quoting fxtyrant
todays a nice day the big boys are rinsing and washing out stops to the top side... Washing out stops by the unconvicted bears, seem it all too many times, it might take a little bit longer for me to take profit at 1.0650 though but the fundies are there, and the long term trend never lies
fxtyrant; whats your timeframe for this? do u think eurusd will remain bullish to 1.10 and then time to add up more shorts?
  • #972,447
  • Mar 23, 2015 10:33am Mar 23, 2015 10:33am
Quoting fxtyrant
todays a nice day the big boys are rinsing and washing out stops to the top side... Washing out stops by the unconvicted bears, seem it all too many times, it might take a little bit longer for me to take profit at 1.0650 though but the fundies are there, and the long term trend never lies
on a 5m looking at 0814 or 1.119... one or the other will be hit.. some retrace to 085x or 0781 were missed .. it looks bullish..but here near 0942 is a place where that can change, or strengthen bulls.
those who can, do. those who cant, talk about those who can
  • #972,448
  • Mar 23, 2015 10:34am Mar 23, 2015 10:34am
I sense a surprise news from EU will send this shit falling hard. Many people are focusing now on 1.1xx We may not get there.
  • #972,449
  • Mar 23, 2015 10:35am Mar 23, 2015 10:35am
Quoting Matts Micro
{quote} Imo the daily TL from 5/9/2014 has been well and truly broken hence the smashing through nearly months tight resist structure. Currently .7850 has been broken and if it survives the D close perhaps this is just the beginning. I mainly watch technical but even with negative news that resis lvl below could become strong support.
Would like to see it goes up a little and then come back to test 0.7850 and bounce again.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #972,450
  • Mar 23, 2015 10:36am Mar 23, 2015 10:36am
Quoting ptyforex
{quote} What is your SL on the short position you have taken? Or is it because the fundies say short, you have no stop loss?
I dont use sl precisely because fundies are in line to stay short
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #972,451
  • Mar 23, 2015 10:38am Mar 23, 2015 10:38am
Quoting palinco
I sense a surprise news from EU will send this shit falling hard. Many people are focusing now on 1.1xx We may not get there.
did not Draghi talk this morning? he should have talked euro down.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #972,452
  • Mar 23, 2015 10:41am Mar 23, 2015 10:41am
Quoting janpec1000
Want to short GJ again for 20 pips. 900ish attempt if structure agrees , otherwise close bellow 750 is needed on stronger pullback. All attempts on stops of 179.05. http://prntscr.com/6keij4 EU 915 is key flip for me (short term), if holding expecting attack higher. But not taking any entries of it.
Yep 915 flip delivering. Nothing to see much in mid of this zone as long as it holds, higher is open. GJ scalp short 179.00 if gets there without clear HL HH m1. Otherwise done for today.
  • #972,453
  • Mar 23, 2015 10:41am Mar 23, 2015 10:41am
Quoting sisse
{quote} A clean, simple and easy european morning session done. NY to come with the 1.09xx handle in play...

London fix until european numbers tomorrow give [or take]the extra fuel. Nothing new to see. ... sisse
As expected a very simple and straight forward European session. London gone home and passing the baton to NY...nothing new in the euro. Same levels, same trades, same all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #972,454
  • Mar 23, 2015 10:42am Mar 23, 2015 10:42am
i think we are reaching a consolidation stage.... , long term outlook is bearish , but depending on greek
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  • #972,455
  • Mar 23, 2015 10:42am Mar 23, 2015 10:42am
Quoting ffleo
{quote} did not Draghi talk this morning? he should have talked euro down.
When Draghi doesnt talk EUR down you know you should take second guess on shorts hehe. This is first time in many so far if i remember correctly.
  • #972,456
  • Mar 23, 2015 10:44am Mar 23, 2015 10:44am
Quoting palinco
I sense a surprise news from EU will send this shit falling hard. Many people are focusing now on 1.1xx We may not get there.

It appears that MOST of the retail traders are wagering against EUR/USD.... Please recall the same thing occured prior to FOMC statement. Some people went as far as saying "Buy the rumor, sell the news" which is a stock term used to describe price movement prior to news events, in which after the news is released the price drops. We see that it didn't work for EU during FOMC, and once again people are shorting EUR/USD heavily. So a run to 1.10 should be a clear sign that the market wants to stop out where most of the orders are. We do have some traders who don't use SL, but clearly that ends up being a disaster.
5% a day keeps the 9 to 5 away.
  • #972,457
  • Mar 23, 2015 10:46am Mar 23, 2015 10:46am
today is Monday I already see confirmation for up ,selling will be snapped up imo ,I know this is not general thinking on fundies ,thats not important ,lets face it only the big boys have fully thought through months in advance


Quoting egkid
{quote} it looks bullish but it not "in my system" i still see room to down but any way it's early to tell it is definitely bullish now let's c where monthly will close next week
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #972,458
  • Mar 23, 2015 10:46am Mar 23, 2015 10:46am
I am long EU, and will trail stop at +8 pips once this open candle on 5m closes.
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5% a day keeps the 9 to 5 away.
  • #972,459
  • Mar 23, 2015 10:47am Mar 23, 2015 10:47am
It won't surprise me if we see 1.11 or 1.12 in a week
  • #972,460
  • Mar 23, 2015 10:47am Mar 23, 2015 10:47am
just my guess ok ....i think they are waiting for a higher correction before interest rate hike...
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