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  • #979,961
  • Apr 10, 2015 10:23am Apr 10, 2015 10:23am
Quoting pedro319
{quote} Good post, I got the same 1.0515 and after 1.03, how do you get the 1.044? Thanks.
Last month's low on monthly.
  • #979,962
  • Apr 10, 2015 10:30am Apr 10, 2015 10:30am
Quoting TTFXHammer
There's nothing random about the market...the big boys that print the candles are math freaks. They always go to the math, (you just have to know the math the big boys use)...sure a ................urrent moment. The next major decision point is at 1.0516...a convincing break below that will take the trade to 1.0444, (not because it's a previous bottom, because the math tells me so). At the point, I'll take my 400 pips or so and call it done for the EU/USD for a while until another opportunity presents itself....
You'll get the attention of more than a few here with statements like that.....feel free to elaborate
  • #979,963
  • Apr 10, 2015 10:33am Apr 10, 2015 10:33am
Quoting TheNoob
{quote} so why doesn't it drop immediately to 1.04xx ?.... will not hold recent pos over week end... i give it an hour, after what i close short term trade...
I think what happens is people take profit, mm's stop selling to trick people into thinking it is going up, because it does start going up as a result of these two things happening. Then you get all the people thinking they can pick the bottom that start longing it to bring it up more.

Then what happens is the big players start shorting again at the new & improved levels. Now all the people trying to long it become trapped & refuse to exit.

Their SL's act as a path downward for the people following the trends.

It would be a lot more difficult to sell it straight down with straight drops. They have to build up all the stop losses to make it easier imo.

People with big money are not going to be looking for any sort of true bottom until we at least get to 1.0000 imo
  • #979,964
  • Apr 10, 2015 10:33am Apr 10, 2015 10:33am
Quoting TheNoob
{quote} so why doesn't it drop immediately to 1.04xx ?.... will not hold recent pos over week end... i give it an hour, after what i close short term trade...
u want me to answer a question that nobody knows the answer to. we can sit here and ask irrelevant questions to things that can't be answered truthfully. what's the next question? why dont it drop to 1.0 immediately. i trade on probabilities of past moves repeating. not on possibilities, i look for them, but need a catalyst to trade them and a probability of a good outcome. we are just above 1.0. i can't trade like a village boy, in a canoe. i am in the middle of the ocean here with super tankers passing . my little 202 zebco charts have little power here.
those who can, do. those who cant, talk about those who can
  • #979,965
  • Apr 10, 2015 10:34am Apr 10, 2015 10:34am
Quoting julesocean
{quote} Last month's low on monthly.
Ok nevermind, I think numbers and I had 1.0461 silly me.
We watch the charts from every angle so you don't have to!!
  • #979,966
  • Apr 10, 2015 10:37am Apr 10, 2015 10:37am
Quoting TTFXHammer
There's nothing random about the market...the big boys that print the candles are math freaks. They always go to the math, (you just have to know the math the big boys use)...sure a missed number here and there will cause some short-term shakes, but the agenda of the big boys remains the same. Central banks can change a 5-year trend with just a few words, and we all know, (or at least should know), to be very cautious at those times. Now, I typically don't trade the E/U due to all the robots in it...why are they in it you ask? Because all the dumb...

so what is the MATH lol
KEEP IT SIMPLE PIPPING
  • #979,967
  • Apr 10, 2015 10:43am Apr 10, 2015 10:43am
End of day update:

Taken position: Short at 1.0745
Stop revised to 1.0678
Take profit on 1.0527 adjusted, will look to split if filled and cover another short.

Have a good weekend traders see you on monday
"The policy of being too cautious is the greatest risk of all."
  • #979,968
  • Apr 10, 2015 10:51am Apr 10, 2015 10:51am
Quoting teddybomber
{quote} I think what happens is people take profit, mm's stop selling to trick people into thinking it is going up, because it does start going up as a result of these two things happening. Then you get all the people thinking they can pick the bottom that start longing it to bring it up more. Then what happens is the big players start shorting again at the new & improved levels. Now all the people trying to long it become trapped & refuse to exit. Their SL's act as a path downward for the people following the trends. It would be a lot more difficult...
+1 trading at S over the week end and after a 500 pips move is suicide, whatever is the side...they check the amount of buyers/sellers at thoses levels and kill the majority with big gap...no need to say that SL is useless against gaps, if the week open is X price, you will get stoped at this X price...
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #979,969
  • Apr 10, 2015 10:51am Apr 10, 2015 10:51am
Quoting Cryptic
End of day update: Taken position: Short at 1.0745 Stop revised to 1.0678 Take profit on 1.0527 adjusted, will look to split if filled and cover another short. Have a good weekend traders see you on monday
Waiting your trades.. Pitta
  • #979,970
  • Apr 10, 2015 11:05am Apr 10, 2015 11:05am
looks like support is holding
https://dwq4do82y8xi7.cloudfront.net/x/ka1SQe56/

need a break
KEEP IT SIMPLE PIPPING
  • #979,971
  • Apr 10, 2015 11:10am Apr 10, 2015 11:10am
I found this to be an interesting article (shocker form MW) that might be worth 2-3 min of your time

http://www.marketwatch.com/story/mov...ion-2015-04-10
Why sell the bottoms when you can buy the tops...
  • #979,972
  • Apr 10, 2015 11:17am Apr 10, 2015 11:17am
Quoting JustAndy
I found this to be an interesting article (shocker form MW) that might be worth 2-3 min of your time http://www.marketwatch.com/story/mov...ion-2015-04-10
Like it says near the end, Yellen has already stated she will raise rates regardless.

It would seem odd to NOT raise them because of people anticipating them being raised (dollar becoming so much stronger before they've even actually been raised).
  • #979,973
  • Apr 10, 2015 11:24am Apr 10, 2015 11:24am
price broke the support of the trading range and dropped almost 300 pips today and yesterday.
  • #979,974
  • Apr 10, 2015 11:39am Apr 10, 2015 11:39am
Any one who is pretending to know the future price action with confidence here in this forum is either soo arrogant or has a mental issue by seeing his analysis must come true. As a matter of fact if i know the future just for the next one hour i will be a millioneer from forex and will have no spare time to post in the forum.
  • #979,975
  • Apr 10, 2015 11:44am Apr 10, 2015 11:44am
Quoting teddybomber
{quote} Like it says near the end, Yellen has already stated she will raise rates regardless. It would seem odd to NOT raise them because of people anticipating them being raised (dollar becoming so much stronger before they've even actually been raised).
Raising rates is not a good move for the, US it will send their debt to the moon. Nobody is going to buy their bonds anymore as well. Even if they're gonna be pushed to raise the rates, the next step will be QE but that's a long term shot, 6-12 months.
  • #979,976
  • Apr 10, 2015 11:47am Apr 10, 2015 11:47am
Quoting TataFara
Any one who is pretending to know the future price action with confidence here in this forum is either soo arrogant or has a mental issue by seeing his analysis must come true. As a matter of fact if i know the future just for the next one hour i will be a millioneer from forex and will have no spare time to post in the forum.
did you think it is possible without any knowing the price action
http://www.forexfactory.com/showthre...484850#07-list
out of 142 140 win 2 loss (less than 0.1) 6265% profit
you can see future price if you through out all indicators from charts only price should be there
don't predict direction, but dance with flow of water
  • #979,977
  • Apr 10, 2015 11:54am Apr 10, 2015 11:54am
Quoting KzX
{quote} Raising rates is not a good move for the, US it will send their debt to the moon. Nobody is going to buy their bonds anymore as well. Even if they're gonna be pushed to raise the rates, the next step will be QE but that's a long term shot, 6-12 months.
They have to; regardless of the current economy. Compare it to pa at major support then it has one way to go which is up. Financial markets go through cycles easing then tightening then easing and so on. If you need to ease in the future you need to tighten first. That is why after six years of easing the fed needs to get out of this situation of zero rate and huge balance sheet.
  • #979,978
  • Apr 10, 2015 12:00pm Apr 10, 2015 12:00pm
Quoting priceaction1
{quote} did you think it is possible without any knowing the price action http://www.forexfactory.com/showthre...484850#07-list out of 142 140 win 2 loss (less than 0.1) 6265% profit you can see future price if you through out all indicators from charts only price should be there
Nice trading PA1.
By my count though, it's 14 trades & not 142 trades.
Opening & closing 20 trades @ the same time is just one trade the way I count & not 20 trades.
If I open 500 trades @ the same time & close them all 10 minutes later with a profit, will I have 500 consecutive winning trades?
  • #979,979
  • Apr 10, 2015 12:21pm Apr 10, 2015 12:21pm
EUR/USD moving down following the strong bearish trend the whole week and fell 467 pip, and i think it is heading to the 1.05 support level next week.
  • #979,980
  • Apr 10, 2015 12:50pm Apr 10, 2015 12:50pm
Quoting TataFara
Any one who is pretending to know the future price action with confidence here in this forum is either soo arrogant or has a mental issue by seeing his analysis must come true. As a matter of fact if i know the future just for the next one hour i will be a millioneer from forex and will have no spare time to post in the forum.
Sometimes we get lucky

Before.
http://www.forexfactory.com/attachme...6&d=1428572684

After.

There are millionaires on this forum btw
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