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  • #990,061
  • May 15, 2015 4:46pm May 15, 2015 4:46pm
Quoting palinco
{quote} All I do, I acknowledge God and he has always directed my path. So, if you think you are not in good relationship with God, it is high time , you redirected your ways.
Hey, there.....glad to know ya!! I'm being taught by the Holy Spirit....what else could explain how I came up with my wonderful 7:42 pm New York time trade....it has 5 levels even..... 7:42 !!??? who does that....to the minute or two.....??
  • #990,062
  • May 15, 2015 4:50pm May 15, 2015 4:50pm
Haha! This is not a related subject, but I got injured playing Soccer last Wednesday Night, and I figured why
not REST over the weekend, and forget about FOREX trading for once....

Since I made the promise to provide some chart work, so I decided to analyse the Market about 20mns ago...

And Here's what I am looking at for Next Week Trading:

Weekly Chart is Straight Forward, and no Explanation is needed.
After that Major Announcement Summer Last year, we knew this thing was gonna go DOWN! DOWN!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-WeeklyChart.png Size: 72 KB


H4 TF Chart Here:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4TF_Chart.png Size: 77 KB


M30 TF Chart Here:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M30TF_ChartFri.png Size: 68 KB


Side Note: It doesn't matter what Time-Frame you trade, as long as you pick the Right Direction of the Market,
you will make some good Profits... This is not scientifically proven, but I notice when you Analyse the Market on
Higher Time, you are more likely to make better trading Decision...

Meaning, if you Analyse the Market on Weekly TF, you can easily Trade it on H4.

Analyse it on H4 TF - Trade it on M30 TF
Analyse it on Hourly TF - Trade it on M15 TF
Analyse it on M30 TF - Trade it on M5 TF
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #990,063
  • May 15, 2015 5:12pm May 15, 2015 5:12pm
At the current level it looks like we are up for some more upward movement but when I look at my indicators and especially on the Daily chart I don't think we'll move a lot higher.

The chart below is of H4 and given that we are at a level that caused great resistance back in February I can see it go back down. The fundamentals are still in favor of the USD, even if the latest data was not great, EUR still has Greece and the QE program of the ECB.

Attached Image (click to enlarge)
Click to Enlarge Name: Setup_next_week.jpg Size: 392 KB


I've learned my lesson and I'm staying out of this mess untill either the retrace is over or the retrace has become a fill blown upward trend towards, who knows, 1.2xx?
  • #990,064
  • May 15, 2015 5:15pm May 15, 2015 5:15pm
Quoting TTFXHammer
{quote} You just bought right into Big Boy resistance at 1.1468. They proved they know where it is b/c they had sell orders sitting there. You may get lucky b/c today is Friday and they have a lot of people upside down, but under normal circumstances it would rip down off of that level fairly quickly. However, the fact that they hit it means there's a really good chance that 1.1577 will be in play for next week. Need a retracement first though
Market would be stupid to take some profits here... This isn't the end of the month neither. Trend reversal has just started. If market maker were afraid as retail trader and close every 30 pips... well, the whole market would be ranging all the time.

By the way, who thinks parity will still be hit?

Ok lol, I just read at previous member sentiment randomly... so at least one!
  • #990,065
  • May 15, 2015 6:01pm May 15, 2015 6:01pm
Quoting mitrapips
{quote} First, congrats on your success. But I think the above is a dangerous suggestion. Even if it retraces you do not know from where and till where. O fcourse the rest is upto Nunix.
By Monday we will be able to tell the direction and where it is likely to reach. Except, if this goes into neutral again.
  • #990,066
  • May 15, 2015 6:06pm May 15, 2015 6:06pm
Quoting Ken A
{quote} Somewhere around there 1.143x no reason to close lower because this is short squeeze Daily Weekly vely bullish
Planning to get OUT of my SHORT at the touch of 1.1424 & LONG to Target 1.1536

Quoting ill_be_back
{quote} 1.1536 is the Target
A good trader follows his rules, but great trader knows when to break them
  • #990,067
  • May 15, 2015 6:11pm May 15, 2015 6:11pm
Quoting Gbp/jpy
{quote} Hey, there.....glad to know ya!! I'm being taught by the Holy Spirit....what else could explain how I came up with my wonderful 7:42 pm New York time trade....it has 5 levels even..... 7:42 !!??? who does that....to the minute or two.....??
Hmmm, all I know is that those who depend on Him will never fail.
  • #990,068
  • May 15, 2015 6:15pm May 15, 2015 6:15pm
Quoting PipsFestival
{quote} Market would be stupid to take some profits here... This isn't the end of the month neither. Trend reversal has just started. If market maker were afraid as retail trader and close every 30 pips... well, the whole market would be ranging all the time. By the way, who thinks parity will still be hit? Ok lol, I just read at previous member sentiment randomly... so at least one!
I was speaking in terms of an intraday basis. The 1.1468 held it b/c there is a significant math reason to...I'm not saying that they can't break it. But, buying at 1.1460 on a Friday afternoon, after the market has just run 130 pips with virtually no retracement is dangerous at best. Barring fundamentals, a retracement is needed, even if it's only 50 pips or so), before any significant upside. And by the way, the market makers create the beginning of ups and downs and let the big boys, (banks and other major players), finish off the move b/c they have to get back on the right side of the trade. There are a lot of MM's upside down right now and they'll want to get back flat sooner than later. Don't be surprised if E/U screams down to 1.1360 on Monday...MM's need it and they will try to get that going. Whether they're successful or not, only time will tell. When the market is rising and everybody is buying, who do you think is taking the sell orders? It's the market makers and they'll be upside down, hence the reason they'll then create a short term sell environment so they can get back on the right side. It's the exact opposite when the market is going down, the MM's are having to take the buy side. I could go into way more detail but I've already spent way more time explaining this than I intended...have a great weekend!
Don't trade the noise
  • #990,069
  • May 15, 2015 6:19pm May 15, 2015 6:19pm
Quoting Ken A
{quote} I got 3 shorts will close some and leave one till London and see how it goes won't long w/o deep retrace
1.14220 is my turn level, if it goes more then 5-7 pip below that then I am wrong
A good trader follows his rules, but great trader knows when to break them
  • #990,070
  • May 15, 2015 6:22pm May 15, 2015 6:22pm
Quoting TTFXHammer
Just closed E/U short at breakeven. Found 2 other pairs that I would much rather trade than this ugly bitch....E/N long up to the 1.5400 area and NZD/USD short to .7400 area.
My trades for Thursday night and Friday. Pulled 73 pips out of E/N...it just never quite the got push to get it to target. Will still be looking for 1.5400 next week and will re-enter if it gives me a good opportunity. Managed only 61 pips on N/U...my first target was at .7428 and it hit that to the pip. I thank my rules for getting me out before a major data release, otherwise, I would have given it all back. Who knows what will happen next week with everything going on...choose your trades wisely.
Don't trade the noise
  • #990,071
  • May 15, 2015 6:28pm May 15, 2015 6:28pm
Quoting palinco
{quote} By Monday we will be able to tell the direction and where it is likely to reach. Except, if this goes into neutral again.
Next week is the Neutral week, followed by a US bank holiday on Monday of the following.

Expectation is for GBP to continue a bit of a loss in strength and Euro to remain relatively flat.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #990,072
  • May 15, 2015 6:45pm May 15, 2015 6:45pm
Next comes the PM asking for $99.99 to learn his system.
Attached Image
  • #990,073
  • May 15, 2015 6:57pm May 15, 2015 6:57pm
Quoting Pharm0r
Next comes the PM asking for $99.99 to learn his system. {image}
You wish dude! It would give you far more comfort to know that the world is full of unsuccessful traders who write gibberish on message boards in the hope of selling cheap systems than to face the uncomfortable prospect of confronting a trader who can prove to you that he rakes in a percentage that you can only dream of and doesn't need to sell anything.

Stay happy in the hole you dig for yourself.
The price will go where it has to go.
  • #990,074
  • May 15, 2015 7:22pm May 15, 2015 7:22pm
Quoting mitrapips
{quote} You wish dude! It would give you far more comfort to know that the world is full of unsuccessful traders who write gibberish on message boards in the hope of selling cheap systems than to face the uncomfortable prospect of confronting a trader who can prove to you that he rakes in a percentage that you can only dream of and doesn't need to sell anything. Stay happy in the hole you dig for yourself.
From your profile:

 

  1. Trading Philosophy:
  2. Do not listen to me. Whatever I say in forums requires a particular trading style to profit from. I might or might not act on those but that will show up on my trade explorer if I do. You will never know my position sizing which is very important for success. My trading involves massive drawdowns. Use your own discretion before you act on my calls. I don't use any indicators and whatever success I have got is by observing price action for a long time.

Guess I'll see you at the bottom hot-shot. God-speed. Wait, that's Palico. Hard to tell the difference sometimes.

  • #990,075
  • May 15, 2015 7:26pm May 15, 2015 7:26pm
Have a nice week end after these action ....
  • #990,076
  • May 15, 2015 7:27pm May 15, 2015 7:27pm
Quoting TroJan
Have a nice week end after these action ....http://imageshack.website/e/Liw9-SSw3.jpg
Praying for it hehe, hoping on nice gaps on Sunday
  • #990,077
  • May 15, 2015 8:01pm May 15, 2015 8:01pm
Quoting pedro319
{quote} Probability for 1.1485 MR1 is quite high and 1.1539 .5 Ret D1 from to 1.2560 to bottom as well, I will post chart on this weekend's research. It doesn't mean that we don't get smaller retracements before completion. It's only my view anyway. Thanks for your input.
Yes, I have 1.14802 and 1.15491

I post one chart. Seems like you have them.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily515.jpg Size: 284 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #990,078
  • May 15, 2015 8:06pm May 15, 2015 8:06pm
Quoting Ken A
{quote} You can edit the explorer from losing to winning so no pain there Why don't you just pay FF to advertise your company instead of using fake explorer
Could you please explain ? Fake explorer ? Is it possible ?
  • #990,079
  • May 15, 2015 8:16pm May 15, 2015 8:16pm
Quoting edyraper
{quote} Could you please explain ? Fake explorer ? Is it possible ?
It is very much possible. Especially if you have a white lable broker, but as far as it being done by a regular Joe like you or I, it is pretty much impossible. You will see the excuse "I don't put up my trade explorer because it can be faked", but that is nothing more then an excuse to not make public the horrible trades they take. So, they pretty much post charts, hiding information, like lot size, etc but to edit your trade explorer takes white label access which almost no one here has.
  • #990,080
  • Edited May 16, 2015 11:35am May 15, 2015 8:17pm | Edited May 16, 2015 11:35am
Quoting Pharm0r
{quote} From your profile: Trading Philosophy: Do not listen to me. Whatever I say in forums requires a particular trading style to profit from. I might or might not act on those but that will show up on my trade explorer if I do. You will never know my position sizing which is very important for success. My trading involves massive drawdowns. Use your own discretion before you act on my calls. I don't use any indicators and whatever success I have got is by observing price action for a long time. Guess I'll see you at the bottom hot-shot. God-speed....
Dude, this will be the last reply to your post because you have already been ignored. I will appreciate if you show some self respect and ignore me as well. But anyway. I use a system that works for me. I have written clearly what that involves in my profile. Besides if you know what drawdown is you don't even have to read that shit. You can see the drawdown from my trade explorer. What is funny is your grasping at straws. Instead of going into other's profile to find dirty laundry why don't you wash some of the soiled stuff that you got. Maybe in the process, you will grow a pair and show us how good you really are. But anyway, till that day comes, feel free to spam the boards. And keep stalking me. It will get you as far as you will ever get to in your life.
The price will go where it has to go.
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