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EURUSD

  • #986,961
  • May 5, 2015 10:24am May 5, 2015 10:24am
Quoting kuroro001
{quote} eurusud is ?
Nope, you're right, corrected.
f(z)=z2+c
  • #986,962
  • May 5, 2015 10:26am May 5, 2015 10:26am
Quoting HelloOz
{quote} algos are running wild {image}

Lol from positive to negative. Surely they must have known earlier since these GDP numbers lag massively behind the real economy. These bankers are really........
  • #986,963
  • May 5, 2015 10:28am May 5, 2015 10:28am
CHF on new lows, EU still has some space...
  • #986,964
  • May 5, 2015 10:28am May 5, 2015 10:28am
Quoting Citiboy
{quote} US economic recovery driven by 3 things in my view... (apart from general asset reflation) 1. Shale Oil Boom 2. Apartment Boom 3. Car Leasing Boom Shale oil has become unprofitable as prices have fallen so much. The other two booms are driven by debt, developers spam building apt complexes all over the country to gouge millenials on rent. They can take out loans at 3% build a complex and get 15% yield via overpriced rent. Easy money until the credit boom ends. Same with car leasing. Car companies can loan you that 3 series at $329 a month...

I would think this oversupply during such an early stage of the uptrend is very interesting. It usually happens at the tail end.
  • #986,965
  • May 5, 2015 10:29am May 5, 2015 10:29am
Quoting 10cents
{quote} Lol from positive to negative. Surely they must have known earlier since these GDP numbers lag massively behind the real economy. These bankers are really........
i think they are based on today's trade balance numbers..
  • #986,966
  • May 5, 2015 10:34am May 5, 2015 10:34am
EURUSD
Logical move would be completion of Gartley 1.618 Ext at 1.1350
We watch the charts from every angle so you don't have to!!
  • #986,967
  • May 5, 2015 10:36am May 5, 2015 10:36am
Quoting HelloOz
watching closely {image} {image}
Big like
  • #986,968
  • May 5, 2015 10:48am May 5, 2015 10:48am
and push down sl on BE play wave 2 or C down
  • #986,969
  • May 5, 2015 10:52am May 5, 2015 10:52am
Quoting hathor
{quote} UsdJpy - H4 sell (from ~ 120.200) UsdCad - H4 sell (from ~ 1.21700) AudUsd - H4 buy (from ~ 78.300) EurUsd - H4 buy (from ~ 1.11900) - Have to admit, this was not that beautiful (but R:R still under 1)

good morning my friend ...was just wondering what your TP on the eur/usd is?
  • #986,970
  • May 5, 2015 10:54am May 5, 2015 10:54am
Quoting Dano12
and push down sl on BE play wave 2 or C down
Not sure if that was the high ... but should retest lower levels normally, this is true.
Fix up, trade sharp ...
  • #986,971
  • May 5, 2015 11:02am May 5, 2015 11:02am
Quoting HelloOz
{quote} algos are running wild {image}
the same pattern for 30+ years. its nothing new or ground breaking from o hedge or goldmen. as usual they tell about the flooded house damage. not that the rain pattern upstream will cause the water to rise before your treading water.
whats not included is its unexplained why this happens year after year. the other 3 1/4's usually make up for this one and keep the year estimate on track mostly for 30 + years. the first 1/4 for some reason is always a miss.
http://www.forexfactory.com/showthre...32#post8233232
those who can, do. those who cant, talk about those who can
  • #986,972
  • Edited 11:24am May 5, 2015 11:07am | Edited 11:24am
Quoting petehnm
{quote} good morning my friend ...was just wondering what your TP on the eur/usd is?
Hello Petehnm!
Right now it's not clear, but between 1.13255 and 1.17000:
Personally I was waiting for 1.147xx and than a pullback to 1.10000, while creating a H&S, but it visited near 1.10000 earlier. (H&S still can happen though, with retesting todays bottom on higher TF)
As Pedro319 mentioned: "Gartley 1.618 Ext at 1.1350" is a reasonable tp also.
If AB=CD is in progress, than it's current target is also at somewhere under 1.17000.

Some subjective reasons, why I like mega-H&S:
- just some of the traders dare to speak about it
- who would think it can retrace even higher (finishing right shoulder can send the price to the over 1.2 area)
- all shorts under 1.1 would be trapped (parity syndrome, greed, high leverage trades)
- people not used to a sudden change, see ~ 1.4->1.2 long mayhem
- patterns invalidation are at 2.618 Ext...so gartley is also supporting the move
f(z)=z2+c
  • #986,973
  • May 5, 2015 11:15am May 5, 2015 11:15am
Shorted 1187. SL, on H1 close if position not in profit.
The price will go where it has to go.
  • #986,974
  • May 5, 2015 11:18am May 5, 2015 11:18am
Bull isn't in a good place now. May fall down before bounce to wash sell sell sell type sellers again
You cannot learn better without losing
  • #986,975
  • May 5, 2015 11:26am May 5, 2015 11:26am
Quoting fxtyrant
USDJPY target 121, we're just 60 pips away from me taking profit on my long awaited USDJPY long trade...
Ok children, now that we are back to be and he has disappeared again. Let us examine:

1) 119.80 is a bad entry for someone who trades daily
2) if your tp is 121, proper rr would imply stop at 119.20. Or are we trading 1:1 on daily? Ok, but point is where is mm. r/r, and stops? We don't know. But this trade appears to have been open for a long time and suffered at least 150 pips dd, so our r/r is already facked
3) we have big risk events this week, could save you, could kill you, either way, be prepared
4) at least the cheerleading and spam has stopped for the moment

Listen, do I care? No, could not care less. But, some people apparently are following and have already blown their accounts.

Caveat emptor.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #986,976
  • May 5, 2015 11:26am May 5, 2015 11:26am
Quoting hathor
Bull trouble: Under ~ 1.06660 S3 - Weekly TF: ~ 1.08195 S2 - Daily TF: ~ 1.09722-1.10181 S1 - H4 TF: Waiting for H4 to visit/close under ~ 1.11668 Note: - Monday: GBP - Bank holiday - Wednesday: USD - ADP [15 min BEFORE H4 close] - chance of building trap USD - Yellen [15 min AFTER H4 close] - chance to finish trap - Thursday: USD - Unemployment Claims - Friday: USD - Non-Farm Employment Change USD - Unemployment Rate
Watch out tomorrow:
- Wednesday - perfect, harmonic conditions to create a trap:

USD - ADP [15 min BEFORE H4 close] - chance of building trap

USD - Yellen [15 min AFTER H4 close] - chance to finish trap

f(z)=z2+c
  • #986,977
  • May 5, 2015 11:29am May 5, 2015 11:29am
Quoting hathor
{quote} Hello Petehnm! Right now it's not clear, but between 1.13255 and 1.17000: Personally I was waiting for 1.147xx and than a pullback to 1.10000, while creating a H&S, but it visited near 1.10000 earlier. (H&S still can happen though, with retesting todays bottom on higher TF) As Pedro319 mentioned: "Gartley 1.618 Ext at 1.1350" is a reasonable tp also. If AB=CD is in progress, than it's current target is also at somewhere under 1.17000. Some subjective reasons, why I like mega-H&S: - just some of the traders dare to speak about it - who would...
wow...great analysis..I was just thinking of scalping it to around the 1.1250-70 area but you've got me thinking a bit more long term...I appreciate your insight brother ...good luck to you...
  • #986,978
  • May 5, 2015 11:32am May 5, 2015 11:32am
Quoting Mr. Scott
{quote} Ok children, now that we are back to be and he has disappeared again. Let us examine: 1) 119.80 is a bad entry for someone who trades daily 2) if your tp is 121, proper rr would imply stop at 119.20. Or are we trading 1:1 on daily? Ok, but point is where is mm. r/r, and stops? We don't know. But this trade appears to have been open for a long time and suffered at least 150 pips dd, so our r/r is already facked 3) we have big risk events this week, could save you, could kill you, either way, be prepared 4) at least the cheerleading and spam...
The answer will probably be: "Couldn't care less you fag ..." or something even more "elaborated" lol
Fix up, trade sharp ...
  • #986,979
  • May 5, 2015 11:37am May 5, 2015 11:37am
Quoting petehnm
{quote} wow...great analysis..I was just thinking of scalping it to around the 1.1250-70 area but you've got me thinking a bit more long term...I appreciate your insight brother ...good luck to you...
Thanks for your kind words!!
Remember, it's not a trade recommendation, the devil does not sleep.

On H4 she is forming an inverted H&S, so if she not invalidate it, than deeper dive is on the way.
(we are at the right shoulder's top at the moment -> cracking today's bottom would finish it)
f(z)=z2+c
  • #986,980
  • May 5, 2015 11:39am May 5, 2015 11:39am
Quoting hathor
{quote} Thanks for your kind words!! Remember, it's not a trade recommendation, the devil does not sleep.
We watch the charts from every angle so you don't have to!!
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