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  • #993,101
  • May 26, 2015 5:59am May 26, 2015 5:59am
By the way understand I am talking short term and short movements. Grab your pips and get out. Don't dream about riding this down to parity and than riding off into the sunset. Be sober minded.
Now being patient Like NFP and shorting from 1.15 level is a whole different story. Now you have breathing room and could maybe weather the storm to parity.
  • #993,102
  • May 26, 2015 6:07am May 26, 2015 6:07am
I am bullish for EURUSD @ 1.09111
  • #993,103
  • May 26, 2015 6:08am May 26, 2015 6:08am
Quoting dilkasraj
I am bullish for EURUSD @ 1.09111
you are a brave man.
  • #993,104
  • May 26, 2015 6:15am May 26, 2015 6:15am
I see a lot of people talking about how weak and "heavy" the US dollar is. What these people are not doing is looking at how the smart money is reacting to the dollar. All you have to do is go back to Thursday of last week...U.S. had 3 major data releases that morning and they all missed, what happened? NOTHING, the dollar didn't budge. Then on Friday, another release that was slightly positive and the dollar soared up like a rocket. My advice is to stop trying to will the price where you want to go and stop ignoring what the smart money is telling in you. If they wanted the dollar down, they would have smashed it on all the negative data last Thursday. Pay attention to what the big boys are telling you instead of saying to yourself, "it can't go any higher" or "it can't go any lower".
Don't trade the noise
  • #993,105
  • May 26, 2015 6:16am May 26, 2015 6:16am
Quoting KiNgEdwarD
s another 122.85 {image}
closed for +30
Sometimes it's better to be wrong,to learn..
  • #993,106
  • May 26, 2015 6:19am May 26, 2015 6:19am
Quoting TTFXHammer
I see a lot of people talking about how weak and "heavy" the US dollar is. What these people are not doing is looking at how the smart money is reacting to the dollar. All you have to do is go back to Thursday of last week...U.S. had 3 major data releases that morning and they all missed, what happened? NOTHING, the dollar didn't budge. Then on Friday, another release that was slightly positive and the dollar soared up like a rocket. My advice is to stop trying to will the price where you want to go and stop ignoring what the smart money is telling...
wow you actually talk sense now....
when EURUSD cant climb on bad US Data, then you know the smart money is putting a lid on the EURUSD at 1.14XX
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,107
  • May 26, 2015 6:19am May 26, 2015 6:19am
Quoting verified
{quote} you are a brave man.
He doesn't have to be brave to long,if his system says so.
Infact it's otherwise ,if he didnt follow his own system he would be a fool then.
This place at eur is good for 150 pips at least,doesnt mean it has to go that far,it will be indecisive day IMO,but i will act according to PA,i'm not predicting.
  • #993,108
  • May 26, 2015 6:19am May 26, 2015 6:19am
Quoting dilkasraj
I am bullish for EURUSD @ 1.09111
one man army
rules are different here. Less risk, more profit .. !!
  • #993,109
  • May 26, 2015 6:21am May 26, 2015 6:21am
I am Pending Short at 1.0941 stops 1.0950 ..... 61.8% fib retrace from daily high lows ... please comment on this
rules are different here. Less risk, more profit .. !!
  • #993,110
  • May 26, 2015 6:22am May 26, 2015 6:22am
Quoting 666Doom
{quote} He doesn't have to be brave to long,if his system says so. Infact it's otherwise ,if he didnt follow his own system he would be a fool then. This place at eur is good for 150 pips at least,doesnt mean it has to go that far,it will be indecisive day IMO,but i will act according to PA,i'm not predicting.
actually no. blindly following a system because the system's tech is saying to go long is in fact a foolish move...
he should consider the fundamentals. what is the backdrop story that is pushing the EURO to gain against the USD?

well I see none...
Greek debt crisis is still a Euro loss against the USD, not gain against USD.

the ECB easing and USD tightening is still again, a Euro loss against the USD, not gain against the USD....

Techs are great, but mix it with some fundamental understanding then he/she would avoid stupid trades. because Robots or systems, or technical analysis are stupid. they are all just taking past data to predict future, but the future is not defined by numbers, its defined by humans "feelings", "reactions", "views', "appetite for risk" etc etc.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,111
  • May 26, 2015 6:26am May 26, 2015 6:26am
Quoting fxtyrant
{quote} wow you actually talk sense now.... when EURUSD cant climb on bad US Data, then you know the smart money is putting a lid on the EURUSD at 1.14XX
Thats just one of those 'reasons' given, in general,.................and you are biased short so you pick that one.....

Other usual reason is that smart money was 'stop-hunting' or 'squeezing longs'.....before wanting to take it higher..........

Another is that smart money bought it lower, knowing that US data is bad which will take it up, but why buy from where it was
when you can bring it lower and buy it cheaper and take it higher........
  • #993,112
  • May 26, 2015 6:29am May 26, 2015 6:29am
Quoting cspip
{quote} Thats just one of those 'reasons' given, in general,.................and you are biased short so you pick that one..... Other usual reason is that smart money was 'stop-hunting' or 'squeezing longs'.....before wanting to take it higher.......... Another is that smart money bought it lower, knowing that US data is bad which will take it up, but why buy from where it was when you can bring it lower and buy it cheaper and take it higher........
Pretty much all applies.

smart money ie the Big boys are the real driver of the market. but there are still some large smart money that are not so smart siding in the direction of the retail traders. and getting burned as the big boy moves markets the other way against them.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,113
  • May 26, 2015 6:32am May 26, 2015 6:32am
Quoting FxTrdr
I am Pending Short at 1.0941 stops 1.0950 ..... 61.8% fib retrace from daily high lows ... please comment on this
help me understand
rules are different here. Less risk, more profit .. !!
  • #993,114
  • May 26, 2015 6:35am May 26, 2015 6:35am
Quoting fxtyrant
{quote} actually no. blindly following a system because the system's tech is saying to go long is in fact a foolish move... he should consider the fundamentals. what is the backdrop story that is pushing the EURO to gain against the USD? well I see none... Greek debt crisis is still a Euro loss against the USD, not gain against USD. the ECB easing and USD tightening is still again, a Euro loss against the USD, not gain against the USD.... Techs are great, but mix it with some fundamental understanding then he/she would avoid stupid trades. because...
You and i barely know what his methodology is.
Who knows maybe he is just a day trader.
The bulk of the day move will end in next 5 hours,but still the day is trading in the middle,so he can be right for a few pips to the north.
That london open did not break below that 61.8 fib of the last move up in the euro,if you have been in the business long enough,you would know what the london open is capable of.If and when by wednesday price still trades around 1.0950 we will stay here for the week..

Wait for 1200-1500 gmt that will be key if momentum knocked the 61.8 fibo,if it gets rejected go figure.
I am day trading, i don't care about fundies ,all i care about is momentum.
But still i am not completely oblivious to the Eur Fundamentals.
But in my situation it's doesn't really matter.
Different strokes for different folks.

I think Everyone should follow his own system,and not get distracted by what others think.
  • #993,115
  • May 26, 2015 6:43am May 26, 2015 6:43am
Quoting 666Doom
{quote} You and i barely know what his methodology is. Who knows maybe he is just a day trader. The bulk of the day move will end in next 5 hours,but still the day is trading in the middle,so he can be right for a few pips to the north. That london open did not break below that 61.8 fib of the last move up in the euro,if you have been in the business long enough,you would know what the london open is capable of.If and when by wednesday price still trades around 1.0950 we will stay here for the week.. Wait for 1200-1500 gmt that will be key if momentum...
True that.
Luck shines on the positive.
  • #993,116
  • May 26, 2015 6:46am May 26, 2015 6:46am
If divergence is playing out, its heading back to 1,12xx
COT: The precious data ignored
  • #993,117
  • May 26, 2015 6:50am May 26, 2015 6:50am
Quoting 666Doom
{quote} You and i barely know what his methodology is. Who knows maybe he is just a day trader. The bulk of the day move will end in next 5 hours,but still the day is trading in the middle,so he can be right for a few pips to the north. That london open did not break below that 61.8 fib of the last move up in the euro,if you have been in the business long enough,you would know what the london open is capable of.If and when by wednesday price still trades around 1.0950 we will stay here for the week.. Wait for 1200-1500 gmt that will be key if momentum...
words of wisdom. If Iam scalper I would listen only to people applying similar methodology like me. And will not give any value to those talking for long term, and vice versa.
  • #993,118
  • May 26, 2015 6:51am May 26, 2015 6:51am
Quoting fxtyrant
{quote} Question, why are you here if you are such a strong believer of each trader to themselves? Whats the point of you posting shit here if u dont intend for people to take in what you write into thought and consideration? Do you not realise that you are contradicting yourself?
Please drop this fight.
I don't intend to fight.
I am not here to listen to your opinion or anyone else.
I am here to voice mine.


Let's just trade man.

If you really took into consideration what i wrote then please prove to me, where i was wrong about intraday trend being indecisive.
But yet you contradicted your belief that traders should give thought to every opinion logically,you just refuse to see the logic behind mine and say i'm wrong because of so and so fundamentals.
I already agree with you man, it is a down trend,
But is it intraday down after london?
Nopeeeeeeeeeeee
Give it some thought,and please forgive me if i was offensive in any way.
  • #993,119
  • Edited 7:11am May 26, 2015 6:59am | Edited 7:11am
Quoting verified
{quote} Hi fxtyrant, I appreciate your feedback. I never had a problem with you and I'm not looking for confrontations here, I'm looking for information. Sisse may be whoever in your point of view, for me he is someone I can understand and he is damn accurate most of the time. What's going on when I see your postings ? Well, sometimes I appreciate very much and take learnings out of them, they are writtten like a successful pro will do. A few posting later I read about pakistanis, retarded retail traders, muppets and stupid bulls. You know what...
Yeah.......the Big Boy Myth ...........as if they are always right...........

We'd all be doing what the Big Boys are doing if they were.......and if they are after the retail market, which is less than 9% of the market, its really not much to them...
  • #993,120
  • May 26, 2015 6:59am May 26, 2015 6:59am
Did you notice that eur today is in 61.8 zone on D1?
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