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  • #972,761
  • Mar 24, 2015 4:18am Mar 24, 2015 4:18am
Quoting budak baru
{quote} I will wait after data released.Perhaps down.
Yep down makes sense.

GJ should be flipping over, data especially will confirm that. Shorting chance is over in my view, as current low supply break makes conflicting view.
http://prntscr.com/6koj34
Structurally it wants to break lowest printed low on 177. Lets see.
In case of up move 179.16 is worthy to try short.
  • #972,762
  • Mar 24, 2015 4:19am Mar 24, 2015 4:19am
green gbp data has been like hens teeth seems forever, anyone seen a chook running around with lost teeth
If you are new to Forex? Say Goodbye to your account!!
  • #972,763
  • Mar 24, 2015 4:20am Mar 24, 2015 4:20am
Quoting ptyforex
{quote} It's all semantics. A bias seller who is sitting in red will call this move on EU "retracement/correction". A bias buyer calls it "Potential trend reversal". The reality is we are giving titles to things which all in all doesn't exists.
They exist because we make them exist. The larger players are using the same words and phrases; or at least a variation of it that has the same meaning. If you dismiss even these basic terms, are you dismissing everything else? Patterns, divergences, S&R, trendlines, etc? If so what are you even doing here?
  • #972,764
  • Mar 24, 2015 4:21am Mar 24, 2015 4:21am
Quoting ptyforex
{quote} It's all semantics. A bias seller who is sitting in red will call this move on EU "retracement/correction". A bias buyer calls it "Potential trend reversal". The reality is we are giving titles to things which all in all doesn't exists.
u r right
  • #972,765
  • Mar 24, 2015 4:24am Mar 24, 2015 4:24am
Quoting Kofmaster
{quote} Oh man.. I feel so sorry for you to start it with a very wrong opinion in trading... If its not fundamental drives the market then what are you doing here? what are we all doing here? Betting on patternness? randomness? feeling clairvoyant? beliefs in whatever your indicator tells you to do? If its so, then we are better off in casino...
It would appear that people are taking positions on "patterns, randomness, indicators etc". Fundamentals in reality don't weigh in as heavily as many people would believe. The evidence is in the chart itself. Why do you see the same patterns, while looking at candle sticks no matter the tf you trade in? Why is it easy to tell when fundamentals have been released while looking at a dead chart? How many times have you seen a news release favor a pair, and the price action goes right against it? Maybe the answer to all of the question lies in the simple fact that we are trading inside of a computer program. A program designed to calculate "the demand of the pubic", and go right against it. If there is no supply or demand, then what could fundamentals possibly do to the price?
5% a day keeps the 9 to 5 away.
  • #972,766
  • Mar 24, 2015 4:25am Mar 24, 2015 4:25am
Quoting ptyforex
{quote} It's all semantics. A bias seller who is sitting in red will call this move on EU "retracement/correction". A bias buyer calls it "Potential trend reversal". The reality is we are giving titles to things which all in all doesn't exists.
exactly because we don't know it yet. We'll be sure of retracement of reversal, after..... That's trading, nothing is sure at 100%

It's the reason why we have to argue by hypothesis.
  • #972,767
  • Mar 24, 2015 4:26am Mar 24, 2015 4:26am
Quoting janpec1000
{quote} Yep down makes sense. GJ should be flipping over, data especially will confirm that. Shorting chance is over in my view, as current low supply break makes conflicting view. http://prntscr.com/6koj34 Structurally it wants to break lowest printed low on 177. Lets see. In case of up move 179.16 is worthy to try short.
i dont see gj will move after news.It will be consolidated also until NY.cable is worth to trade.
Gold Expedition Return This Year: -15.9%
  • #972,768
  • Mar 24, 2015 4:27am Mar 24, 2015 4:27am
short GU full margin..now...
  • #972,769
  • Mar 24, 2015 4:28am Mar 24, 2015 4:28am
Quoting Roachling
{quote} They exist because we make them exist. The larger players are using the same words and phrases; or at least a variation of it that has the same meaning. If you dismiss even these basic terms, are you dismissing everything else? Patterns, divergences, S&R, trendlines, etc? If so what are you even doing here?
My point is if I take a position based on a title given "over-bought, over sold, stop hunt, etc" then I will be moving away from the core of this market. The core of this market is to shift the price against the masses. If most of the people are short, then go long. That is how this system is setup to work. Depending on your ability of reading patterns, you should be able to catch the breakout prior of it happening, because all breakouts have one thing in common...... They are all started with an ENGULF! If you simply start and focus on the engulf of a specific candle inside of an accumulation zone, then fundamentals, or titles will never factor into your buy or sell.
5% a day keeps the 9 to 5 away.
  • #972,770
  • Mar 24, 2015 4:28am Mar 24, 2015 4:28am
Quoting ptyforex
{quote} It would appear that people are taking positions on "patterns, randomness, indicators etc". Fundamentals in reality don't weigh in as heavily as many people would believe. The evidence is in the chart itself. Why do you see the same patterns, while looking at candle sticks no matter the tf you trade in? Why is it easy to tell when fundamentals have been released while looking at a dead chart? How many times have you seen a news release favor a pair, and the price action goes right against it? Maybe the answer to all of...
From ur post I can see u have experience in trading, but if u are not interested to discuss about the pattern u see on chart then why are u here?Noone is denying that we are trying to see into the future using crystal bal, i personally use green tea leafs... Not working so great lately, thinking of changing to red tea leaf soon
  • #972,771
  • Mar 24, 2015 4:28am Mar 24, 2015 4:28am
Quoting budak baru
{quote} i dont see gj will move after news.It will be consolidated also until NY.cable is worth to trade.
Ok lets agree to dissagree. I see gj going down, unless news come out very bull.
  • #972,772
  • Mar 24, 2015 4:29am Mar 24, 2015 4:29am
Quoting MaximeCau
{quote} exactly because we don't know it yet. We'll be sure of retracement of reversal, after..... That's trading, nothing is sure at 100% It's the reason why we have to argue by hypothesis.
I would like to make a guess, if it can break fibo 61.8 (1.1038) then it should be reversal other wise it is just retracement
  • #972,773
  • Mar 24, 2015 4:30am Mar 24, 2015 4:30am
Quoting MaximeCau
{quote} exactly because we don't know it yet. We'll be sure of retracement of reversal, after..... That's trading, nothing is sure at 100% It's the reason why we have to argue by hypothesis.
By the time the "trend has reversed" EU would of moved up well over 1000 pips, and all the sellers would be crying bloodly murder. Do recall that prior to EU's drop from 1.3999 to 1.04 it was in a 2 year uptrend. : ) Imagine telling the world once mario opened his mouth that EU would go down to 1.04 or even 1.10 If someone honestly can say that they "told you", then have them show it with actual trades.
5% a day keeps the 9 to 5 away.
  • #972,774
  • Mar 24, 2015 4:30am Mar 24, 2015 4:30am
EURUSD has been rallying hard since chances of a Fed rate hike have diminished as the likelihood of a rate hike has diminished, partially because the speculation of a rate hike drove up the USD in the first place! Short-term the trend is extremely bullish and the bounce has taken the shape of a v-shaped correction (strong bullish signal), but the Euro structural problems remain along with the longer-term downtrend.
Want to learn more: HTO Trading
  • #972,775
  • Mar 24, 2015 4:32am Mar 24, 2015 4:32am
Quoting ptyforex
{quote} It would appear that people are taking positions on "patterns, randomness, indicators etc". Fundamentals in reality don't weigh in as heavily as many people would believe. The evidence is in the chart itself. Why do you see the same patterns, while looking at candle sticks no matter the tf you trade in? Why is it easy to tell when fundamentals have been released while looking at a dead chart? How many times have you seen a news release favor a pair, and the price action goes right against it? Maybe the answer to all of the question lies...
You got it absolutely wrong.. All the patterns that you claims you recognized are all formed based on fundamentals, human nature greeds and fears of the market.

Fact is fact. If an economy doesn't do well, naturally its currency its going to be valued lower compared to the other booming country currency.

Well perhaps its got to do with the amount of experience you have in trading...

Finally, I will leave it to you however you want to view the market. So long as you are constantly profitable.
Read the entire market, money is made on the main trend not the fluctuation
  • #972,776
  • Mar 24, 2015 4:33am Mar 24, 2015 4:33am
Quoting Kofmaster
{quote} You got it absolutely wrong.. All the patterns that you claims you recognized are all formed based on fundamentals, human nature greeds and fears of the market. Fact is fact. If an economy doesn't do well, naturally its currency its going to be valued lower compared to the other booming country currency. Well perhaps its got to do with the amount of experience you have in trading... Finally, I will leave it to you however you want to view the market. So long as you are constantly profitable.
5% a day keeps the 9 to 5 away.
  • #972,777
  • Mar 24, 2015 4:33am Mar 24, 2015 4:33am
Quoting janpec1000
{quote} Ok lets agree to dissagree. I see gj going down, unless news come out very bull.
IF cable get it direction.gj will follow later at NY.
Gold Expedition Return This Year: -15.9%
  • #972,778
  • Mar 24, 2015 4:34am Mar 24, 2015 4:34am
Quoting Kofmaster
{quote} You got it absolutely wrong.. All the patterns that you claims you recognized are all formed based on fundamentals, human nature greeds and fears of the market. Fact is fact. If an economy doesn't do well, naturally its currency its going to be valued lower compared to the other booming country currency. Well perhaps its got to do with the amount of experience you have in trading... Finally, I will leave it to you however you want to view the market. So long as you are constantly profitable.
whoever profit hold the truth
  • #972,779
  • Mar 24, 2015 4:34am Mar 24, 2015 4:34am
Quoting ptyforex
{quote} Very mature to put someone on ignore who is simply questioning you. As for you trading a "live family fund", how is one to tell that from the demo account which you have posted below? Why should I have to read through all of your post to find something which you "claim" when you clearly can post the live account for all to see? It is honestly irrelevant at this point, as it is clear I have hit a nerve. The purpose of this site is to share thoughts about things which interest us. In this case, it would be why people are selling, instead of...
Certainly not my business, but you should now people a bit better before stating that. Anyone who's been in this forum for a while and followed his trading knows he is not just a fake-demo-guy...
  • #972,780
  • Mar 24, 2015 4:34am Mar 24, 2015 4:34am
Gravity start to work.

I don't believe in long euro dollar.
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