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  • #989,661
  • May 15, 2015 5:22am May 15, 2015 5:22am
Quoting fxtyrant
{quote} dude they would want their currency to be even below USD for sure, that will definitely make their exports, their audi, their BMW, their French baguette so much more attractive by foreign consumers, making them produce more and increase productivity.... the move up from 1.05 to 1.15 was temporary retracement after a fall from 1.4 to 1.05..... overall eurusd still in downtrend. just ask yourself is ECB easing or tightening. is USD easing or tightening. once you know the answer to this. then you know the direction is down for sure. so don't...
whether a currency is in an uptrend or a downtrend depends on which timeframe you are looking at. A trader of any worth can trade both ways and make profit

no trader here can tell us when the trend is over, what price would characterise a trend change.. No body can say. all we can observe is that the price was 1000 pips above the lowest price this year
  • #989,662
  • May 15, 2015 5:22am May 15, 2015 5:22am
Quoting crazypotato
{quote} may be ... too early to said trend is either way ... 100-200 pips is hard to prove. Keep focus on it
or Mario reduce QE and how you can see there is no chance

Now it is possible to push where the US came to an end yesterday trade = Schema
  • #989,663
  • May 15, 2015 5:24am May 15, 2015 5:24am
Guys I need a help........
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 33 KB
80% effort, 20% luck
  • #989,664
  • May 15, 2015 5:26am May 15, 2015 5:26am
bounce off the mid again
  • #989,665
  • May 15, 2015 5:28am May 15, 2015 5:28am
Quoting KOS-fx
Guys I need a help........ {image}
A common bounce on a resistance level maybe?

Attached Image (click to enlarge)
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Live and Keep Calm
  • #989,666
  • May 15, 2015 5:30am May 15, 2015 5:30am
In my opinion , now traders are talking about the delay of the FED rate hike , and there is good news coming from EU, and I think this is perception management . I would like to say It is always be safe to short the EURUSD but if you have got enough margin to Hold it , but as mid-term trend is up trend the confirmation will come after we touch 1.10xx and fail to break down .
  • #989,667
  • May 15, 2015 5:31am May 15, 2015 5:31am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_H1.gif Size: 207 KB
  • #989,668
  • May 15, 2015 5:32am May 15, 2015 5:32am
Quoting mkvy
{quote} whether a currency is in an uptrend or a downtrend depends on which timeframe you are looking at. A trader of any worth can trade both ways and make profit no trader here can tell us when the trend is over, what price would characterise a trend change.. No body can say. all we can observe is that the price was 1000 pips above the lowest price this year
Actually no. A trade is worth as mych as the profit he can make
Any fool can buy or sell and kill an account... Goes down to whether he/she can make profits
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #989,669
  • May 15, 2015 5:32am May 15, 2015 5:32am
Quoting 2012mysterio
{quote} Hi, i dont mean to sound harsh by any means, but really the only way to learn (for me anyway), is shitloads of time on screen. (and i mean shitloads of time)- like years watching and learning and trying..and refining and adjusting, and .. Good luck and remember never to quit and be patient. it will come.. but its a long journey. no get rich quick here..
No offence taken. That's what I thought at the beginning too but I found a good explanation of a PA trading strategy. The only problem that it is quite short and lacks a lot of details which raises more questions on how to apply it. Some of the principles that were described in example are actually helping me a lot right now at least not to blow my account lol) Nevertheless I agree with the fact that practice makes it perfect and I just want to do it right.
Quoting razldazl
{quote} Definitely James 16 Chart Thread in Commercial Content. Good luck!
Wow that is one big read. Thanks though )
Quoting sakisf
{quote} You could try Al Brooks books on PA (if you are a native English speaker and can decipher what he says). There is a whole thread on them on another forum too, just google it. Just read the book charts and then play with your demo charts on 5m trying to identify the setups. Nial(l) Fuller also has some good articles on PA. Don't go for online teaching as most of them are after the fact crap and not worth any money. If you have lots of free time watch 1m-5m-15m charts and paper trade.
Alright, sounds good. Thank you!
  • #989,670
  • May 15, 2015 5:32am May 15, 2015 5:32am
any way my shorts SL are above 1.1450 , my Longs SL are below 1.1260 let's see
  • #989,671
  • May 15, 2015 5:33am May 15, 2015 5:33am
Quoting KOS-fx
Guys I need a help........ {image}
You need to get off of the 15 minute chart and zoom out a bit. USD/JPY has been trading in a 200 pip box between 120.50-118.50 for the last month and a half and has been one the easiest and most predictable currency pairs to trade. I'll keep trading it from top to bottom/bottom to top until it can prove that it's done. Love it when these pairs get stuck in a big range...professionals make a killing trading the boxes and the MM's will keep it there for as long as they can because all the big boys know exactly what to do with it and it becomes easy money
Don't trade the noise
  • #989,672
  • May 15, 2015 5:34am May 15, 2015 5:34am
Quoting edyraper
still there is 1.1330-40 area to break down , let's see
rejected from 1.134x . I'm expecting a pin bar till 1.133x
  • #989,673
  • May 15, 2015 5:39am May 15, 2015 5:39am
Quoting edyraper
In my opinion , now traders are talking about the delay of the FED rate hike , and there is good news coming from EU, and I think this is perception management . I would like to say It is always be safe to short the EURUSD but if you have got enough margin to Hold it , but as mid-term trend is up trend the confirmation will come after we touch 1.10xx and fail to break down .
remember when the pair started to fall from 1.39xx no one believes it would start a down trend and every one comes out with their Trand lines and stuff , no that's the same thing when it starts to rise up no one believes it started a up-trend but after weeks every one will say any fall is a long opportunity . who knows lets see if it rejected from 1.10xx
  • #989,674
  • May 15, 2015 5:43am May 15, 2015 5:43am
Quoting KOS-fx
Guys I need a help........ {image}
15m chart and fundiez? look at 1w first

for intraday
look at the flows of jpyx and usdx and youll get a view why its not good to sell this one td
add some latest data (2days, this week, intraday results).

lets see if ej will beat the level in this go
  • #989,675
  • May 15, 2015 5:45am May 15, 2015 5:45am
Quoting 21vs7
audusd will/could drive usdx in the morning rejection of 806x nicely moving now ej 136,4x i wouldnt sell ej td atm eu 1,143x possible sell are conf areas. plus eurcad is over 1,366x so not easy to trade eurx atm
as per plan without noise. getting towards 8005, overshoot needs to be closed and rethinked. lets see
  • #989,676
  • May 15, 2015 5:47am May 15, 2015 5:47am
It is a weighted geometric mean of the dollar's value relative to other select currencies:

  1. Euro (EUR), 57.6% weight
  2. Japanese yen (JPY) 13.6% weight
  3. Pound sterling (GBP), 11.9% weight
  4. Canadian dollar (CAD), 9.1% weight
  5. Swedish krona (SEK), 4.2% weight
  6. Swiss franc (CHF) 3.6% weight

Quoting 21vs7
{quote} as per plan without noise. getting towards 8005, overshoot needs to be closed and rethinked. lets see
AUD does not effact DXY directly
wiki
  • #989,677
  • May 15, 2015 5:49am May 15, 2015 5:49am
Quoting edyraper
{quote} AUD does not effact DXY directly
there is a 1.1 bln option expiry at 0.8000. will be tough to bring it down more
  • #989,678
  • May 15, 2015 5:54am May 15, 2015 5:54am
Quoting edyraper
{quote} AUD does not effact DXY directly
dont know about DXY cus i dont follow that. - (yes, I see your added description. that DXY does not make sense in my calculations)

im talking about usdx.
and yes it does, and so does the other currencies. atm AU is the best pair intraday. - not talking pips wize but europe session direction and volatility. the safest one. lets see where we land during europa closing and yankeee one eh
080x is a breaker imo. if not td but on monday early trading. if not, nothing wrong.
  • #989,679
  • May 15, 2015 5:56am May 15, 2015 5:56am
Quoting TTFXHammer
{quote} You need to get off of the 15 minute chart and zoom out a bit. USD/JPY has been trading in a 200 pip box between 120.50-118.50 for the last month and a half and has been one the easiest and most predictable currency pairs to trade. I'll keep trading it from top to bottom/bottom to top until it can prove that it's done. Love it when these pairs get stuck in a big range...professionals make a killing trading the boxes and the MM's will keep it there for as long as they can because all the big boys know exactly what to do with it and it becomes...
Thanks TTF
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4range.png Size: 34 KB
80% effort, 20% luck
  • #989,680
  • May 15, 2015 5:57am May 15, 2015 5:57am
Quoting fxtyrant
{quote} Fundamental never changed. EURO is bound to fall, when Draghi is in his QE program. with all that supply of fresh euro, euro has to devalue. euro only went up in value because German Bunds were being unwound causing a temporary demand for EURO currency, but theres only so much German Bunds you can unwind to prop up the euro temporarily...
any numbers to back this up? plus a cause-effect relationship between bunds and euro? or just another thing that should happen in theory?
Everyone has a plan 'till they get punched in the mouth.
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