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  • #978,001
  • Apr 6, 2015 3:45pm Apr 6, 2015 3:45pm
Quoting gatorinla
{quote} the one that counts {image}
got a 1h close below. next h is the one more important.. the month and 1/4 closed below 0942 0998 1067. the month and 1/4 also closed below previous like periods low. the last supports above 1.0 on these 2 different sequences is in separate form 1.0 1.0712 1.1425 (1509.5) and the subs like 1.1067.
other smaller sequence is 1.0 0471 0706x 0942 (0998)
next h close below 0942 is probably bearish or at least norms at (0832 if we had got a hh) 0882... we had a low already of 0894 real or not.
day close in 18 m, if it closes below 0942 it may be time to reconsider longs or at least wait for 0882 min..
0712 has a retrace near the 1.1067 mid.. it can go to 1.0 in sequence or at least its open now, the same with 0471... 0471 and 0712 are 11.8% from 1.0 on different models
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those who can, do. those who cant, talk about those who can
  • #978,002
  • Apr 6, 2015 3:45pm Apr 6, 2015 3:45pm
Quoting Ken A
o o p s ........
Looks to me like AN has bottomed and AUD is going to get a nice bid on the news in coming hours..... AUD/CHF looks good..For now waiting for retest of lows/parity on AN though.... maybe a spike lower on news then up? Speculative ramble of cluelessness as per usual
  • #978,003
  • Apr 6, 2015 3:51pm Apr 6, 2015 3:51pm
Quoting TuTang
{quote} I still believe in up a little more at 1.108 but if price exhaust at 1.0975 then i have to get out ealier. I do have a tight SL though so its alright. Besides, im still short aussie from .76613 still a 60 pips profit if it go against me then i still have 40 pips prof in the end
Probably a failure at 1.0987 and continue back down to 1.082 or maybe retest of lows at 1.07... I have said many times in past couple weeks that this is likely to be a sideways market for some time and 100+ pips profit should be taken pretty quickly, there is a ton of money to be made in this range, and I prefer to be buying the EU dips, and selling the GBP rallies. Working well so far..
  • #978,004
  • Apr 6, 2015 3:59pm Apr 6, 2015 3:59pm
Quoting Ck87
But I'm a professional demo trader! I also trade a 1 billion dollar hedge fund on the side but I can't prove any of that.... I'm the best!!! My mommy also taught me how to eat with a fork and knife and tie my shoe laces... who wants to follow my trades? {quote}
Am I missing something here?
Everything in life has a "counter". Especially in forex.
  • #978,005
  • Apr 6, 2015 4:00pm Apr 6, 2015 4:00pm
With all my respect to everyone in here,
If someone wants to go long, by all means do so. AND VICE VERSA.
Let's try and keep this thread as intelligent ideas-communication place.
No-one needs to prove other decisions' whether right or wrong.
If I have a reason as to why you're right or wrong, I share it with you and everyone across the board.
If I don't have a valid reason other than your direction is against mine, I should RE-ANALYZE my charts and RE-CONSIDER the health of my position.
At the end, the only thing that's gonna prove me (and you) right or wrong is the chart itself (price and time).
I wish good luck to you all.
Andrew
  • #978,006
  • Apr 6, 2015 4:04pm Apr 6, 2015 4:04pm
Bought here at the low for few.
Intraday only.
  • #978,007
  • Apr 6, 2015 4:06pm Apr 6, 2015 4:06pm
Quoting Ck87
{quote} Probably a failure at 1.0987 and continue back down to 1.082 or maybe retest of lows at 1.07... I have said many times in past couple weeks that this is likely to be a sideways market for some time and 100+ pips profit should be taken pretty quickly, there is a ton of money to be made in this range, and I prefer to be buying the EU dips, and selling the GBP rallies. Working well so far..
I dont trust this downward movement, in a thin very illiquid market its hardly rational at all. If i got stopped out ill stay sideline and watch.
  • #978,008
  • Apr 6, 2015 4:07pm Apr 6, 2015 4:07pm
Quoting gatorinla
{quote} got a 1h close below. next h is the one more important.. the month and 1/4 closed below 0942 0998 1067. the month and 1/4 also closed below previous like periods low. the last supports above 1.0 on these 2 different sequences is in separate form 1.0 1.0712 1.1425 (1509.5) and the subs like 1.1067. other smaller sequence is 1.0 0471 0706x 0942 (0998) next h close below 0942 is probably bearish or at least norms at (0832 if we had got a hh) 0882... we had a low already of 0894 real or not. day close in 18 m, if it closes below 0942 it may...
day closed -0942,, some weak support 0913 area.. some probably stronger 0775 and 0765.. at some point that 0942 door may close long term
those who can, do. those who cant, talk about those who can
  • #978,009
  • Apr 6, 2015 4:21pm Apr 6, 2015 4:21pm
Quoting gatorinla
{quote} day closed -0942,, some weak support 0913 area.. some probably stronger 0775 and 0765.. at some point that 0942 door may close long term
if we stall where we are.. and if one is bearish.. a fresh s may or may give one more entry chance 0972/78, as long as the high holds. 0977.5 ish may be a R now.

PS..London has not traded since job report.. reaction is unknown... dont over-leverage!!!
those who can, do. those who cant, talk about those who can
  • #978,010
  • Apr 6, 2015 4:25pm Apr 6, 2015 4:25pm
Quoting gatorinla
{quote} day closed -0942,, some weak support 0913 area.. some probably stronger 0775 and 0765.. at some point that 0942 door may close long term
gator, I praise you for sharing your views and analysis, although I don't always understand your numbers. Sometime they look (to me) like price levels, and sometimes as percentage levels. I don't ask because I assume that everyone here understands you and I feel sorry for myself, lol
However, this last analysis is very well understood. Thanks
  • #978,011
  • Apr 6, 2015 4:28pm Apr 6, 2015 4:28pm
Quoting Ck87
{quote} Yep..... been there myself. No successful trader has tons of small winners but hangs on to losers for long time. It is automatic failure. Gotta ride those winners out hard... especially if you aren't using SL and letting losers run .. common sense.

People seem to forget that you could have a 99% win percentage and margin call an account. Or even have a 25% win percentage and have net profit. At times we read to much into basic numbers, and don't bother to look into them. No sl seems rather extreme, and although you may have strict money management a 300-600 pip swing could put you in a hole which you may never come out of.
Everything in life has a "counter". Especially in forex.
  • #978,012
  • Apr 6, 2015 4:31pm Apr 6, 2015 4:31pm
Quoting PaulJames
{quote} People seem to forget that you could have a 99% win percentage and margin call an account. Or even have a 25% win percentage and have net profit. At times we read to much into basic numbers, and don't bother to look into them. No sl seems rather extreme, and although you may have strict money management a 300-600 pip swing could put you in a hole which you may never come out of.
Yep, very true. And usually the 80-20 rule comes into play........ 80% of profits will come from 20% of trades (the winners we let run for a while) The standard losing trader does not experience that.
  • #978,013
  • Apr 6, 2015 4:42pm Apr 6, 2015 4:42pm
Quoting ws121
{quote} gator, I praise you for sharing your views and analysis, although I don't always understand your numbers. Sometime they look (to me) like price levels, and sometimes as percentage levels. I don't ask because I assume that everyone here understands you and I feel sorry for myself, lol However, this last analysis is very well understood. Thanks
I second that
  • #978,014
  • Apr 6, 2015 4:51pm Apr 6, 2015 4:51pm
Quoting TuTang
{quote} Lol i only started forex for 2 months. Im a newb, my analysis and my saying is not valuable but i have to say. Following tyrant before was quite helpful for newb like me, helped me to catch the trend twice though. Only problem with him is that he is arrogant and became rude (onetime i saw his post insulted other races). Though i think we should just forget it this thread has became so emotional and irrational with all this topic around tyrant. We should focus more on sharing opinion and ideas like Pedro, Sissie, Gator.... I do value your...
Thanks.. yeah this thread is a circus to begin with. Should never even post on here anyway and just read it for contrarian indicator. Best advice I can give any new trader is to stay away from forums like this and just focus on your trading with good money management. Info overload can have a negative impact on your trading and you can end up letting other people's ideas into your head and go against what you wanted/planned to do , only for it to backfire. I'm not saying there's no positives to this forum.. some really good traders on here for sure, but very, very few.
  • #978,015
  • Apr 6, 2015 4:51pm Apr 6, 2015 4:51pm
unless 1.08-ish gives

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #978,016
  • Apr 6, 2015 4:52pm Apr 6, 2015 4:52pm
my MAs just crossed in m5 TF
  • #978,017
  • Apr 6, 2015 4:56pm Apr 6, 2015 4:56pm
Quoting Ck87
{quote} Thanks.. yeah this thread is a circus to begin with. Should never even post on here anyway and just read it for contrarian indicator. Best advice I can give any new trader is to stay away from forums like this and just focus on your trading with good money management. Info overload can have a negative impact on your trading and you can end up letting other people's ideas into your head and go against what you wanted/planned to do , only for it to backfire. I'm not saying there's no positives to this forum.. some really good traders on here...
I tried it once but i guess i cant stay away from it. Just so much better reading other people analysis lol. Though i do pick out valuable infor and try out. And as u say other people ideas can blind my trade so its good chance for me to train some psychology here as well
  • #978,018
  • Apr 6, 2015 5:06pm Apr 6, 2015 5:06pm
Quoting fxtyrant
There will be parity, heck there will be eurusd 0.9, mark my words
I marked your words, and now you mark mine from last Thursday.
European equities will remain bullish for a long time.
1. Draghi is giving away enormous amounts for real economy, but he can't control it once it went out. What happens? Euro changes few hands to close debt circle and ends up into the stocks.
2. Larger demand is higher prices are. Foreign investors are using opportunity and close their positions while the stocks are high because they think that US data will be better and there is Russia threat and Greek uncertainty.
3. But EU investors use the free money opportunity and continue to buy on every single dip and continue to push prices up.
4. When foreign investors started massively pull back we saw euro sell off and speculators jumped onto the train too, so we saw 12-year low. Now we have consolidation waiting for Friday and fundamentals. If they will be bad we will see trend reversal and Euro going massively up, as foreign investors will start to go back, especially if we get a tiny bit sign of good news from Greek.
5. This could be start of a longer eurusd rising period, until hiking rates, but I am not sure it will happen as long as we have warm-cold fundamentals.
Time will show who is right
  • #978,019
  • Apr 6, 2015 5:08pm Apr 6, 2015 5:08pm
I got 2 areas in mind ,I'm interested should this close wicky in first tl ,i nicked the possible waves off Pedro
I don't have 10700 in mind at all based on w1 ,month open
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #978,020
  • Apr 6, 2015 5:21pm Apr 6, 2015 5:21pm
Arrrrgggh. Hesitant to add to short position here ... . I am not convinced that it's going anything but sideways between 1.1 and pre-NFP support around 1.860-ish in the short-term. Naturally if it breaks that 1.860 region, we could see some stops triggered, but my guess is not, since traders have had plenty of time to adjust those stops since Friday and probably already got stopped out with today's movement (if they trailed or were smart).

(Quietly considers a short from slightly below pre-NFP price level ... .)
Fireworks are fun ... as long as you don't blow your fingers off.
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