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  • #979,161
  • Apr 9, 2015 3:08am Apr 9, 2015 3:08am
Quoting priceaction1
was away for 3 days so did some demo for removing dust from mind. {image}
Can you post the same thing with a real account ?
COT: The precious data ignored
  • #979,162
  • Apr 9, 2015 3:10am Apr 9, 2015 3:10am
Quoting Cryptic
{quote} have been hearign this sentence ever since we were stuck at 1.1340. what i can guarantee you is the following, 1.07xx is far from the bottom. try 0.9xx Pytta
so you are suggesting 0.9 is a bottom, not wise to pick a bottom, believe me the only bottom in forex is Zimbabwean dollar or 0.0000 everything else is fluid, up / down & right this is only guarantee in forex

swissy 4hr "could be putting in a LH in some peoples mind a LH and or HH could be seen as Tops and a HL and or LL as bottoms, although they are all correct, the problem really is "which one" is one trading at the time
If you are new to Forex? Say Goodbye to your account!!
  • #979,163
  • Apr 9, 2015 3:11am Apr 9, 2015 3:11am
Quoting USD-Bear
{quote} now we all getting rich
Doesn't need a genius to know that the devaluing of the euro is not over

1/ Greece is highly in doubts
2/ Our oil drop forecasts is at $34/barrel
3/ Rate hikes for the states are on their way
4/ QE is still being implemented
5/ Inflation is far from ideal in Europe
6/ Euro/US contract yields are still diverging

Yeah you do the math, i did it myself, couldn't see any other results.
"The policy of being too cautious is the greatest risk of all."
  • #979,164
  • Apr 9, 2015 3:14am Apr 9, 2015 3:14am
Quoting kuroro001
{quote} Can you post the same thing with a real account ?
yes when it happen
don't predict direction, but dance with flow of water
  • #979,165
  • Apr 9, 2015 3:14am Apr 9, 2015 3:14am
Quoting KiwiTrada
{quote} so you are suggesting 0.9 is a bottom, not wise to pick a bottom, believe me the only bottom in forex is Zimbabwean dollar or 0.0000 everything else is fluid, up / down & right this is only guarantee in forex swissy 4hr "could be putting in a LH in some peoples mind a LH and or HH could be seen as Tops and a HL and or LL as bottoms, although they are all correct, the problem really is "which one" is one trading at the time
actually a currency "Pair" can never reach total 0....
its a rate of difference between 2 currencies, it can keep depreciating but and decimal place will increase from say euro at 0.1, to 0.01 then 0.001 then 0.0001 then 0.00001 etc etc...
can never reach 0.... but close enough
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #979,166
  • Apr 9, 2015 3:18am Apr 9, 2015 3:18am
next short target levels are 1.069x and 1.058x based on a correction of the run up from the low.

I still see a new low on the horizon, potentially all the way to 0.9x based upon the monthly chart but as always time will tell, and just keep taking the trades as the come at you.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015 EU Apr 09a.PNG Size: 42 KB
  • #979,167
  • Apr 9, 2015 3:21am Apr 9, 2015 3:21am
Has Greece paid the IMF loan today?, any rumors or facts?
  • #979,168
  • Apr 9, 2015 3:22am Apr 9, 2015 3:22am
Quoting MaxDoom
next short target levels are 1.069x and 1.058x based on a correction of the run up from the low. I still see a new low on the horizon, potentially all the way to 0.9x based upon the monthly chart but as always time will tell, and just keep taking the trades as the come at you. {image}
I like that weekly support line but yea from how we previously whip up and down around 1.05 its not a strong support....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #979,169
  • Apr 9, 2015 3:22am Apr 9, 2015 3:22am
Quoting priceaction1
was away for 3 days so did some demo for removing dust from mind. {image}
Whoa, scary stuff. Even for demo... yeah.
  • #979,170
  • Apr 9, 2015 3:25am Apr 9, 2015 3:25am
Quoting fxtyrant
{quote} I like that weekly support line but yea from how we previously whip up and down around 1.05 its not a strong support....
If it gives way then a new low would be normal
  • #979,171
  • Apr 9, 2015 3:27am Apr 9, 2015 3:27am
Quoting Cryptic
Not at all, as a matter of fact, I dislike Fxtyrant's way of communicating and analyzing, specially the assumption part. I'm an economist, with a masters degree in financial engineering, and I study the market more than i study the charts. Forex is 70% politics mate. Besides, if a person disagrees with your positions doesnt mean he is another Fxtyrant. I myself am sideways on this pair for now, but parity is visible on the medium-term. yes corrections and lots of them will occur, but we will hit parity, specially that that's what the ECB wants,...
  • #979,172
  • Apr 9, 2015 3:28am Apr 9, 2015 3:28am
Quoting MaxDoom
{quote} If it gives way then a new low would be normal
my assumption that EURUSD would reach 0.90 is if US embarks on their benchmark rate normalization where it suggests the peak of the rate hike would be around 3.5% to 4% in the horizon of mid 2017 if we are to begin hiking at a 25 pb rate monthly in September.
last time the EuroDollar benchmark yield spread widening to where US fed rate is at 3.5% to 4% was around 0.90. in 2002-2004 that time area.
We live in a finite world with infinite possibilities.
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  • #979,173
  • Apr 9, 2015 3:29am Apr 9, 2015 3:29am
Quoting tomas.v
Has Greece paid the IMF loan today?, any rumors or facts?
Yes they did, heard it in the news today. Didn't affect EUR one bit because they still have billions to pay to other creditors... (they only paid like 0,45 mill)
  • #979,174
  • Apr 9, 2015 3:31am Apr 9, 2015 3:31am
Quoting KiwiTrada
{quote} same here but battle has only just begun, at least we posted our nonsense entry and stoploss, perhaps everyone would be better off without our non sense trades, time for coffee would seem gbp dump fukedup eu for now, bloody brits
I Have this going DOWN to 1.06659, I also have this going back to the OPEN line
Will SHORT this if goes to Todays OPEN Or LONG this if goes to 1.06659
A good trader follows his rules, but great trader knows when to break them
  • #979,175
  • Apr 9, 2015 3:34am Apr 9, 2015 3:34am
Quoting tomas.v
Has Greece paid the IMF loan today?, any rumors or facts?
Greece Has Made Payment Due to IMF: Finance Ministry Official
By Marcus Bensasson
(Bloomberg) -- Greece has met its payment obligation to IMF that was due today, Greek Finance Ministry official says on condition of anonymity in line with policy.

  1. IMF couldn’t be reached for comment after multiple attempts by Bloomberg

  • #979,176
  • Apr 9, 2015 3:35am Apr 9, 2015 3:35am
I begin to fight for support
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.gif Size: 197 KB
  • #979,177
  • Apr 9, 2015 3:35am Apr 9, 2015 3:35am
Quoting Cryptic
Not at all, as a matter of fact, I dislike Fxtyrant's way of communicating and analyzing, specially the assumption part. I'm an economist, with a masters degree in financial engineering, and I study the market more than i study the charts. Forex is 70% politics mate. Besides, if a person disagrees with your positions doesnt mean he is another Fxtyrant. I myself am sideways on this pair for now, but parity is visible on the medium-term. yes corrections and lots of them will occur, but we will hit parity, specially that that's what the ECB wants,...
+1 on this, I probably misjudged you looking at one single post and you saying "it doesnt take a genius etc." I can't argue that there are plenty of fundamental and technical reasons for parity looking at how strong the trend is. However I intend to have an open mind for any possibility, technically 1.0450 is where I will accept that the parity is near not before.

For today, if it can manage to take 1.0780, it will be a nasty surprise for all short holders up to 1.1050s to me. Currently long from 1.0735 risking 50 pips.

Welcome to the nasty thread.
  • #979,178
  • Apr 9, 2015 3:35am Apr 9, 2015 3:35am
Quoting fxft
Today I see a bearish scenario. I'm short from 1.08500, with SL @ 1.08900. TP1 1.07800 and TP2 1.07640. I see some pumping during London, for the FOMC later. US have been playing shorts at 8pm (CET) for 2 days in a row now. It seems tonight they will repeat the play, they will open range bound and then massively short at FOMC. Plus, as you can see on the chart, this will be the second test at a supportive uptrend (PSAR), and I don't see it holding. If the move around FOMC is strong enough within today or tomorrow, we should also see 1.06950. {image}...
Closed the short from yesterday.
Might consider a small long on H4 chart in about 20 minutes.
Attached Image (click to enlarge)
Click to Enlarge Name: H4.jpg Size: 56 KB
Wanting to be someone else is a waste of who you are. - KC.
  • #979,179
  • Apr 9, 2015 3:36am Apr 9, 2015 3:36am
Quoting ill_be_back
{quote} I Have this going DOWN to 1.06659, I also have this going back to the OPEN line Will SHORT this if goes to Todays OPEN Or LONG this if goes to 1.06659
Above 1.0780, things will look very differently what do you say? It can take back all the losses.
  • #979,180
  • Apr 9, 2015 3:37am Apr 9, 2015 3:37am
Quoting ExForX
{quote} Yes they did, heard it in the news today. Didn't affect EUR one bit because they still have billions to pay to other creditors... (they only paid like 0,45 mill)
I don't think so, they said earlier that they will pay it later today
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