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  • #994,261
  • May 28, 2015 2:56pm May 28, 2015 2:56pm
Quoting ill_be_back
{quote} Maybe a bit more UP before any DOWN
I dont know, everytime i see your text, i can hear hulk voice and his scream reading your text in my head. Especially those capital letters all sound like scream
  • #994,262
  • May 28, 2015 2:59pm May 28, 2015 2:59pm
Quoting TTFXHammer
{quote} They could definitely could go up and hit 1.1000...I would if I were them so I can could squeeze the hell out of the weak shorts. I hope they do, I'll put another position on up there. This is textbook price action, no need to get all giddy and bullish. Only way I'd turn bullish is if the GDP number is complete doo-doo,....otherwise, I'll ride this trade down to at least 1.0756
Yy, textbook abc down to 61%. So what comes next? Maybe 12345...also could be d..e.. wave (watching 1,076 as finish overshoot. same as you), to finish move and kill all bulls...like me

Different eyes, different view.
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"I know one thing, that I know nothing." Sokrates
  • #994,263
  • May 28, 2015 3:01pm May 28, 2015 3:01pm
Quoting TTFXHammer
{quote} They could definitely could go up and hit 1.1000...I would if I were them so I can could squeeze the hell out of the weak shorts. I hope they do, I'll put another position on up there. This is textbook price action, no need to get all giddy and bullish. Only way I'd turn bullish is if the GDP number is complete doo-doo,....otherwise, I'll ride this trade down to at least 1.0756
Any chance they "pull a rabbit", "kick the can", etc.... on the Greek situation and cause a serious short squeeze?
Since the money isn't there & they can't print it, will creditors agree to extend again rather than take the hit now? Not sure what they'd do in July with the mega-payment due.
Removing the Greek problem, where would EU be?
Weekly chart has possible higher low?
No prediction here, just random thoughts.
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  • #994,264
  • May 28, 2015 3:07pm May 28, 2015 3:07pm
Quoting Tom_D_Trader
{quote} Yy, textbook abc down to 61%. So what comes next? Maybe 12345...also could be d..e.. wave (watching 1,076 as finish overshoot. same as you), to finish move and kill all bulls...like me Different eyes, different view. {image}
You are correct that everyone sees charts differently. I'll tell you what I see on yours....Starting at the 1.1400 area and coming down,...Do you see how clean the down moves are and how nasty/choppy the correction moves are? It shows you where the order flow is...and right now, it's to the downside
Don't trade the noise
  • #994,265
  • May 28, 2015 3:08pm May 28, 2015 3:08pm
Prediction for next week to follow technical analysis.
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  • #994,266
  • May 28, 2015 3:10pm May 28, 2015 3:10pm
Quoting TTFXHammer
{quote} It's called an ABC retracement...you can look at any pair and see it repeat itself time and time again. It's built for several reasons,...but what you need to know is that it is a continuation move. Don't get tricked into a long,...in the case of E/U at moment, it's a very bearish sign, they have to go and find more sellers. Although, I'm sure most retail would disagree b/c they don't understand the structure the BB's build. Could it continue up?...absolutely. But backtesting will show you that it will break and continue trend 90% of the...
I agree with this as it repeats over and over - the problem I have is position size and trade management which is why my most recent account is ~40% in hole.

I'll be watching this tomorrow if I can get the screen time and would look for a sell signal around any resistance area. If it does continue up then it has its own mind and can do this but trading as you mention above will skew the probabilities in the traders favour and in addition to good trade and position management see a profitable outcome.
  • #994,267
  • May 28, 2015 3:13pm May 28, 2015 3:13pm
Quoting TTFXHammer
{quote} You are correct that everyone sees charts differently. I'll tell you what I see on yours....Starting at the 1.1400 area and coming down,...Do you see how clean the down moves are and how nasty and choppy the correction moves are? It shows you where the order flow is...and right now, it's to the downside
Yes, I know. Bears are vicious. But its not the Eur part, its the USD part....coming from two things a) Oil in correction down from 60s b) Nikkei megaovershoot at 15 years high pulling UJ, triggering USD stops. UJ move was vicious... and pulled rest of charts. Also investors repositioned from Gold, also to Nikkei. All resulted in USD bull, but imo move into Japan stocks fuelled only by those pension funds. Is heavy cash flowing in there..meaning free cash. On the other hand, Japans are heavily energy import dependent and bouncing Oil definitely not helping...Fitch saw that and downgraded em. Imo more troubles for Japan ahead. It just takes Oil to break 60s and everyone craps their pants. Am watching Oil for reference.

Edit: To be precise, from the Eur side is classics Greece panic, which has been here for 4 years already and always ended the same. I think this case wont be extraordinary and they simply bail em out. As always.
"I know one thing, that I know nothing." Sokrates
  • #994,268
  • May 28, 2015 3:26pm May 28, 2015 3:26pm
Tomorrow GDP data from the US, the end of the month so the big boys again will be a little mix
  • #994,269
  • May 28, 2015 3:27pm May 28, 2015 3:27pm
Quoting TTFXHammer
{quote} I'm curious as to why you think it's long set up? They started trading this very technically on 5/17 (look at the 4 hour chart and it's obvious), and it has been text book ever since. From a technical standpoint, it's screaming more downside. Too many people get caught up in red and green numbers...there's an agenda in play and the smart money will make it happen. If GDP numbers are neutral to positive....watch out below. Why try and fight order flow by longing here? I have a few orders in short from 1.0930's and 1.0920's...will hold for...
It turned bullish. check hourly. I will search for long entry today.
Intraday only.
  • #994,270
  • May 28, 2015 3:28pm May 28, 2015 3:28pm
Quoting navk
{quote} It turned bullish. check hourly. I will search for long entry today.
Not in my book, see my last few posts. This is a textbook correction move
Don't trade the noise
  • #994,271
  • May 28, 2015 3:33pm May 28, 2015 3:33pm
Quoting TTFXHammer
{quote} Not in my book, see my last few posts. This is a textbook correction move
On thursday London session, it tested 100 Hr MA and fell. However, the price failed to go down further.

I would assume that the price will move up further until at least 1.1000 then look to US GDP numbers.
Intraday only.
  • #994,272
  • May 28, 2015 3:35pm May 28, 2015 3:35pm
Quoting navk
{quote} I would assume that the price will move up further until at least 1.1000 then look to US GDP numbers.
This I can agree with. I won't enter a trade for less than 100 pips, so I don't care to mess with the little moves. Hope you make a few pips
.
Don't trade the noise
  • #994,273
  • May 28, 2015 3:36pm May 28, 2015 3:36pm
Hi all
what to do be bullish or bearish advice me please
thank you in advance
have a nice day
focus while relaxed to see better
  • #994,274
  • May 28, 2015 3:43pm May 28, 2015 3:43pm
Quoting orabi
Hi all what to do be bullish or bearish advice me please thank you in advance have a nice day
tommorow will show better , i will sell at 1.0980 tp : 1.0950
  • #994,275
  • May 28, 2015 3:46pm May 28, 2015 3:46pm
DXY may be forming right shoulder of longer-term H&S. Bias still with trend but break below 93 corresponding to roughly 1.15 area on E/u opens way for massive $ drop.
  • #994,276
  • May 28, 2015 3:50pm May 28, 2015 3:50pm
Quoting TTFXHammer
{quote} This I can agree with. I won't enter a trade for less than 100 pips, so I don't care to mess with the little moves. Hope you make a few pips .
1.100 first, then 1045/60 and above. All depends on US GDP numbers. I do not want to guess the numbers will be good. Yes, I agree, daily is bearish but short term is bullish.
Intraday only.
  • #994,277
  • May 28, 2015 3:51pm May 28, 2015 3:51pm
ECB warns of contagion risk as Greece delays continue
Date
May 29, 2015 - 8:07AM
http://www.smh.com.au/business/marke...28-ghc5cr.html

ECB Says Long Greek Talks May Hurt Other Eurozone Borrowers
Comments come amid mixed signals over the status of Greece’s debt talks
http://www.wsj.com/articles/ecb-says...ers-1432804916

European ADRs Slide as Fears Over Greek Default Heighten
http://www.nasdaq.com/article/europe...ghten-cm481305
  • #994,278
  • May 28, 2015 4:18pm May 28, 2015 4:18pm
A fresh factor will drive EUR/USD declines - Deutsche Bank
http://news.forexlive.com/!/eurusd-s...-2015-20150528
Thu 28 May 2015 19:27:04 GMT
  • #994,279
  • May 28, 2015 4:21pm May 28, 2015 4:21pm
Quoting stryjek
{quote} tommorow will show better , i will sell at 1.0980 tp : 1.0950
thank you i think you are right it should retest 1.0890 as my system says and 1.0979 is a turning point from my view so may be repair a short limit order at 1.0979 stop loss 1.1010 target 1.0890 i think that will be good decision
have a nice day sir
focus while relaxed to see better
  • #994,280
  • May 28, 2015 4:22pm May 28, 2015 4:22pm
EUR/USD: Lagarde says Grexit is possible - FXStreet
Thu, May 28 2015, 19:14 GMT | FXStreet

"Later in the American afternoon, IMF’s Lagarde said that a Grexit is possibility, whilst an EU official warned there will be no deal this week, considering the strong disagreements on pensions and sales tax.

http://www.fxstreet.com/news/forex-n...c-a9e73d116482
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