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  • #990,321
  • May 18, 2015 4:47am May 18, 2015 4:47am
Quoting fxtyrant
on H1 chart. EURUSD finally re-entered the ichimoku cloud suggesting bulls losing short term momentum. H1 support comes in at Lower bound senkou span at 1.1325 where as H4 support comes in at kijunsen at 1.1320 1.1320-1.1325 is a level ill keep a close eye at.
best for that condition is no trade ...and i did not see kumo twist ( as reversal sign in ichi ) yet either
not euphoria follower
  • #990,322
  • May 18, 2015 4:49am May 18, 2015 4:49am
Quoting Davidthekoko
a run towards 1.15 is likely in an hour or 2
Yes, 380 should be launch area. Looking for long entry. (same for EA)
  • #990,323
  • May 18, 2015 4:49am May 18, 2015 4:49am
Quoting fxtyrant
{quote} stop dreaming.
Confidence kills traders,especially an experienced one like you. No one is too sure. Anything can happen
  • #990,324
  • May 18, 2015 4:50am May 18, 2015 4:50am
Quoting kuroro001
{quote} Even though i'm not a buyer on the current level its possible to see another run back above 1,14 and higher before shorting for good Divergence hasnt played out yet...once its starts 1,1200 will be next
I agree with you there. 1.14 could always be tested again. but overall we got a pretty strong lid around 1.1450....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #990,325
  • May 18, 2015 4:52am May 18, 2015 4:52am
Quoting Davidthekoko
{quote} Confidence kills traders,especially an experienced one like you. No one is too sure. Anything can happen
without confidence, ill just be another amateur trader like most people are here and closing out trades that would eventually be profitable.
just a matter of money management and risk tolerance, the name of the game is try to stay alive long enough for the trade to turn into profit.
doesn't matter what the drawdown is. even if its a 50% temporary DD, and it came all the way back to turn into a 20% profit, its still a profit. get it? in forex is just about profit and staying alive long enough for profit to happen.

too many amateurs are very often scared away from their position
because of the following reason.
1. they overleveraged hence a 20 pip would wipe their account clean.
2. they look at short time frame and see a 20 pip spike as if its the end of the world and they panic....

You may say confidence kills traders, but I say without confidence you cannot trade at all.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #990,326
  • May 18, 2015 4:56am May 18, 2015 4:56am
Quoting hathor
H1 confirmed buy signal, so I'm going to buy at the low, even better if making new low.
Losing momentum on lower TFs (M1-M5)...so I'm out from scalp.
f(z)=z2+c
  • #990,327
  • May 18, 2015 4:57am May 18, 2015 4:57am
Think Euro will just drift down towards the support, probably anywhere between 1.12 - 1.13 and after that we get the usual up move again.

Looks like 1.16 won't hold, this may go much higher.
  • #990,328
  • May 18, 2015 4:57am May 18, 2015 4:57am
1450 or retest of Friday high is what expected in NY session.
Intraday only.
  • #990,329
  • May 18, 2015 4:59am May 18, 2015 4:59am
Quoting TTFXHammer
{quote} 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...
My lucky rabbit foot worked again ...I took a buy at 1.1370. I'm taking this off at 1.1420,...that would be a great place to turn it back down in that area to construct 5 waves to the downside if they want. However, they could still push it up beyond there if they want to...It's not clear what they want to do at this point but I think my long up to 1.1420 is a pretty safe trade. I'll wait it out after that and make them prove it to me before I take another trade.
Don't trade the noise
  • #990,330
  • May 18, 2015 5:00am May 18, 2015 5:00am
ADR is 125 pips. So, Friday high is the level.
Intraday only.
  • #990,331
  • May 18, 2015 5:00am May 18, 2015 5:00am
pull back, where the US came to an end in Friday trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.gif Size: 220 KB
  • #990,332
  • May 18, 2015 5:01am May 18, 2015 5:01am
Classic trap forming at the moment
  • #990,333
  • May 18, 2015 5:02am May 18, 2015 5:02am
H1 Tenkansen holding as intraday resistance. watch out below.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #990,334
  • May 18, 2015 5:05am May 18, 2015 5:05am
Quoting geektrader
{quote} You are breaking rule #1, FXTYRANT is NEVER wrong!!
three types of people you should not argue with: kids, stupids, and who have mental issues. you will always lose even if you have the better argument. if those three found in one person, just agree with whatever he is saying.
  • #990,335
  • May 18, 2015 5:06am May 18, 2015 5:06am
Quoting Shunyi
{quote} Thank you! I am not sure I understood you 100%. Are you indicating that the later EU data will be less impressive due to slow US consumption? I still believe the strong dollar story is not finished yet, but where shall we start selling EU again is the question...Any further soft US data can break the 1.15 level and aim for 1.18-1.2 levels. What do you say? Plausible? Thank you!
just suggesting each coin has 2 sides. regardless if the u.s. is slowing. it dont necessarily mean good news for a exporter with positive numbers, when time catches up fundy wise. the recoil is usually stronger.
those who can, do. those who cant, talk about those who can
  • #990,336
  • May 18, 2015 5:07am May 18, 2015 5:07am
Quoting Davidthekoko
{quote} Confidence kills traders,especially an experienced one like you. No one is too sure. Anything can happen
Depends on what you mean by confidence. If its motivated by pride than your probably right ( pride goes before the fall). But confidence can also show we have backbone and conviction. Its the mark of a leader.
  • #990,337
  • May 18, 2015 5:09am May 18, 2015 5:09am
my target is 1.14800 I can see 1.152 today
  • #990,338
  • May 18, 2015 5:09am May 18, 2015 5:09am
I invite jothetrader and geektrader to go ahead show me how good your trading really is, instead of just talking the talk, now walk the walk. instead of just staying in the shadow just stabbing people behind their backs with useless bickering.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #990,339
  • May 18, 2015 5:15am May 18, 2015 5:15am
Quoting fxtyrant
I invite jothetrader and geektrader to go ahead show me how good your trading really is, instead of just talking the talk, now walk the walk. instead of just staying in the shadow just stabbing people behind their backs with useless bickering.
i dont know why this is so important.. its just a " what if" i hear cnbc making a big deal..
http://www.cnbc.com/id/102686314
those who can, do. those who cant, talk about those who can
  • #990,340
  • May 18, 2015 5:21am May 18, 2015 5:21am
Quoting fxtyrant
on H1 chart. EURUSD finally re-entered the ichimoku cloud suggesting bulls losing short term momentum. H1 support comes in at Lower bound senkou span at 1.1325 where as H4 support comes in at kijunsen at 1.1320 1.1320-1.1325 is a level ill keep a close eye at.
I thought you trade naked without all these indicators.
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