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  • #980,041
  • Edited 9:49am Apr 11, 2015 9:35am | Edited 9:49am
subjective to bias is giving support the power to break Resistance in a down trend (near 600 pips higher). in the purple W resistance wasn't broken,,, while the Low of the purple was broken, and closed below friday.. 0832 or 0873 is normal at some point before 0390 or others depending on method. but i personally chose to ignore 0832.. over the larger tf bearish closes.
one mans purple W is anothers yellow M.. the thing is trading wise the purple one missed the hh.. never enter a long here ( double top), because most times, u will be wrong. some exceptions, but rarely against trend and fundis and a 600 pip bounce...
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those who can, do. those who cant, talk about those who can
  • #980,042
  • Apr 11, 2015 9:36am Apr 11, 2015 9:36am
Quoting Mr. Scott
{quote} Thanks for response and compliment my tyrannical friend. Used to mess with that kind of stuff and play with the Bloomie. Have more to say on this subject but... Don't have it anymore, left it at the office with a lot of other stuff I didn't need anymore. Then I realized, the chart told me more than the fundis. Agree to disagree? Relevant large targets are there. But important month. Just think the r/r might be getting a little sideways. Not scratching my head, just and Wish you and all a great weekend....
i dont really trust much about trendlines.... they tend to break and when real money is behind it trendlines can get broken only to make it a fakeout... so no. i dont really like trendline. Support/Resistance level at previous levels makes more sense.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #980,043
  • Edited 9:50am Apr 11, 2015 9:39am | Edited 9:50am
Quoting infinitus
{quote} I think I have to put you off ignore only for rebuttal of all the muck you are preaching. You surly have never read the paper of Rogoff or Kui-Wai Lee or Campbell and Clarida so I give you the opportunity to enlighten you on the aspects of rate differentials {image} {image} {image} Or this study from Patra Long Run Relationship between Real Exchange Rate and Real Interest Rate Differentials: The Cointegration Approach Now we have a look at a study, which at least in part...
huh correlations dont always last, and the word "temporary" is also subject to different interpretation so no. if you were a teacher i would laugh at the teacher for wasting his time. i would ask the teacher why waste time teaching if he/she is so intelligent about something...

thats why Doctors with PHD in economic theory dont last very long in the "real"world. but then again "real is again another subjective topic.
so no i dont need enlightenment.
i only need profit.

thx for the posts though... interesting read... dunno how i would use them in my trading to make money though....
market doesnt really look that deep into research. market is always in the "temporary" panic buy and panic sell mode. can never appreciate or depreciate at an orderly manner.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #980,044
  • Apr 11, 2015 9:42am Apr 11, 2015 9:42am
Quoting TheNoob
{quote} +1 you are funny i like it... you say exactly the opposite than last time... i thought it was an important indicator... you see, even if you think that i don't care of your very old posts, because of not replying, i read and memory some of them... {quote}
u and i are on different verbalization. u dont get me and i dont get u. if u have a question about opposite meaning, just quote it.
those who can, do. those who cant, talk about those who can
  • #980,045
  • Apr 11, 2015 9:46am Apr 11, 2015 9:46am
Quoting gatorinla
{quote} closing the day below 0610 and 0640 is not a good bull sign either. we still got early week pullback many times, to deal with. and even 0832 norm.. i just held because closes are not saying close yet, against norm..
i still dont know why people are trying to enlighten me.....

the only true enlightenment in the subject of financial trading is... Performance... how much money can you make.
who gives a damn about real interest rates or real exchange rate. and correlations and stuff?
anything Numerical cannot measure something as qualitative as sentiments.... question is how much does sentiment play a part on forex? well not a lot really....

the bigger question is how much does the Big guys' deep pockets affect the market. well a lot...
it only takes 1 guy with trillions of dollars to cause a blip in the market....

lets look a bit more micro. take a company as if its a market.... the majority shareholder alone can collapse teh company if he wants to sell off all his stocks...
so the Euro can collapse if the ECB decides to print to the hilts.
no body can stop them except themselves...
if ECB wants to ease, let them ease. dont fight against it.
thats why when ECB is on the easing side. you dont buy up the Euro for the sake that the euro is at a good value or that it has reached the bottom.... the problem is no body knows where the bottom is.... for as long as the ECB is printing....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #980,046
  • Apr 11, 2015 9:56am Apr 11, 2015 9:56am
The early week pull backs are usual. I do want to get trapped in the last week trend too early in the next week.

Having said that, I notice 0.0550 is not touched on Friday, which could be a probability in early Asia especially the price has closed below 1.0600.

My levels are here.
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Intraday only.
  • #980,047
  • Edited 10:56am Apr 11, 2015 10:10am | Edited 10:56am
Quoting gatorinla
subjective to bias is giving support the power to break Resistance in a down trend (near 600 pips higher). in the purple W resistance wasn't broken,,, while the Low of the purple was broken, and closed below friday.. 0832 or 0873 is normal at some point before 0390 or others depending on method. but i personally chose to ignore 0832.. over the larger tf bearish closes. one mans purple W is anothers yellow M.. the thing is trading wise the purple one missed the hh.. never enter a long here ( double top), because most times, u will be wrong. some...
i see what you mean, so monday is more likely a gap down than a smal shoulder?...
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #980,048
  • Apr 11, 2015 10:22am Apr 11, 2015 10:22am
double top needs price under the low ,its premiture but i could see it
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #980,049
  • Apr 11, 2015 10:35am Apr 11, 2015 10:35am
Quoting Bones
double top needs price under the low ,its premiture but i could see it {image}
Usual weekly range is 300 pips for this pair.

Assuming that 0465 needs some thrust before break, can I say 0465 to 07xx is the range next week ?
Intraday only.
  • #980,050
  • Apr 11, 2015 10:49am Apr 11, 2015 10:49am
no idea ,I'm neutral without further info ,probably wrong to say that will fail off bat ,but still its well short of low ,ill wait what next
previously I think is clearer lead to bear

Quoting navk
{quote} Usual weekly range is 300 pips for this pair. Assuming that 0465 needs some thrust before break, can I say 0465 to 07xx is the range next week ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #980,051
  • Apr 11, 2015 10:57am Apr 11, 2015 10:57am
My Monday pivot, support, resistance and mid point levels.
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Intraday only.
  • #980,052
  • Apr 11, 2015 11:23am Apr 11, 2015 11:23am
1,03xx/1,05xx monthly support. I had expected a bigger bounce off it. Maybe in the coming weeks, or....

....If broken we got 0,96xx/0,98xx as next one.
COT: The precious data ignored
  • #980,053
  • Apr 11, 2015 11:37am Apr 11, 2015 11:37am
Quoting gatorinla
{quote} u and i are on different verbalization. u dont get me and i dont get u. if u have a question about opposite meaning, just quote it.
(green):i know and sorry...ive never met people who got the patience with me...
(pink): im not sure about french translate, well its little hard to ask questions without being seen as an ex rage kid who lost bunch of money in the past...
(blue): yes i have some questions, but i can't ask them all...
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #980,054
  • Apr 11, 2015 12:08pm Apr 11, 2015 12:08pm
Quoting navk
{quote} Usual weekly range is 300 pips for this pair. Assuming that 0465 needs some thrust before break, can I say 0465 to 07xx is the range next week ?
Is where I am Planning to SHORT for more DOWN
A good trader follows his rules, but great trader knows when to break them
  • #980,055
  • Apr 11, 2015 12:09pm Apr 11, 2015 12:09pm
Of course you have no idea, you will know and draw lines here and there after the facts then I told you so
  • #980,056
  • Edited 12:29pm Apr 11, 2015 12:14pm | Edited 12:29pm
Quoting Bones
double top needs price under the low ,its premiture but i could see it {image}
we got different definitions on the subject.. once it retraced 50% between highs.. those highs became double tops.. the following legs never got that high. and last week that low between the highs was broken and we closed the week below it -0612

anyway a short near the dt was the way i saw things as the best r/r then.. with a shallow s/l for a min of 0832 or 200 pips
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those who can, do. those who cant, talk about those who can
  • #980,057
  • Apr 11, 2015 12:28pm Apr 11, 2015 12:28pm
The EUR/USD remains in the bearish channel. next support level 1.0590
  • #980,058
  • Apr 11, 2015 12:54pm Apr 11, 2015 12:54pm
Quoting gatorinla
{quote} one of Steve nissins candle rules is often overlooked. ... dont long into Resistance no matter what candle formation u have, and another thing about those candles is.. u need a 500 pip s/l with stops below 0461 to trade those in a weekly fashion at today's close.. the time to long those has passed.
bones i gave my reasons then in reasonable depth to u at 1.102x.
those who can, do. those who cant, talk about those who can
  • #980,059
  • Apr 11, 2015 1:01pm Apr 11, 2015 1:01pm
I appreciate it ,least I knew not to be long there ,but I was looking to trade through which never came and I doubt v much this month ,I'm not a pattern expert ,but is there literature, something that says 50% it becomes double top ?

Quoting gatorinla
{quote} bones i gave my reasons then in reasonable depth to u at 1.102x.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #980,060
  • Apr 11, 2015 1:03pm Apr 11, 2015 1:03pm
Quoting gatorinla
{quote} i got 0880/0942.. i wasn't real popular talking about it earlier this week either. or 0832 at last weeks high.. i dont really expect a new high, and i dont mind being wrong. to get that new high 0952 may be needed.. and if it makes that new 105x high.. i dont expect to be too popular saying 0832 again... but i will.. and once to 0832 its below 0942 and 0998 once again.. 0952 is just 10 above 0942... where bears wait to close
i wasn't real popular here either
those who can, do. those who cant, talk about those who can
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