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  • #996,401
  • Jun 2, 2015 12:10pm Jun 2, 2015 12:10pm
Quoting Tom_D_Trader
{quote} Oh, thx, seems good
Of course market wants to retest the latest top.. but we are also inside a wide 450 pips channel on 4H.. for today, as long as price stays above 1.1162 no need to short.. but of course we can have different levels tomorrow.. the higher the price the bigger the tension.. but so far so good..

Happy Trades
Focus only on what truly matters!
  • #996,402
  • Jun 2, 2015 12:11pm Jun 2, 2015 12:11pm
Quoting Shiv999
{quote} Sometimes I tend to do that when I over trade.. My bad
No worries. I was just wondering what your were thinking.

Im learning
Back from the dead * ding fries are done *
  • #996,403
  • Jun 2, 2015 12:11pm Jun 2, 2015 12:11pm
Quoting pedro319
EURUSD Fundamental: ECB meeting on June the 3rd is not expected to bring major surprises whilst some degree of optimism regarding inflation and growth remains and only details on possible acceleration of QE pace will cause sell offs. Another point to make is that given huge short positioning on this pair, any liquidation of these positions can cause strong rallies. Technical: Move from 1.1469 to 1.0820 was quite fast but I have to keep an eye on the risks of major move up, not only due to pattern on Monthly chart but as well because this last move...
Hey Mate,

If you allow me to add something extra, I would say that ABCD pattern you had on that 4-Hour Chart is designed
to complete An Emerging Bearish Cypher at around 1.14000--1.14200ish...

I strongly believe this might happen (or complete) overnight before EUR News - Minimum Bid Rate. I expect it to be
unchanged, but I have no idea....

Another thing, despite all the crazy short positions right now, if EUR decides to test 1.15000 or trade above it, we
could easily see EUR reaches 1.18000-1.19000 comes next week...

Market Sentiment is VERY MUCH BULLISH right now.....

Btw, if anyone wants to go Short, just wait for the ECB Press Conference tomorrow at 7:30am CST ...It's not worth guessing the Market
all the time when Fundamental or Market Sentiment is against YOU!!!! Be Smart and Discipline!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #996,404
  • Jun 2, 2015 12:14pm Jun 2, 2015 12:14pm
If this blows past 1200 at this hour of the day it will be a technical wonder to say the least.
The price will go where it has to go.
  • #996,405
  • Jun 2, 2015 12:14pm Jun 2, 2015 12:14pm
Quoting Pharm0r
High-leverage scalping- in its truest since, has got to be the most difficult trading in the world. 300 pips 1/2% leverage....no problem. 10 pips with full leverage .....a freaking nightmare. You'd think 10 pips would be so easy to get Think I'm at 7 micro accounts blown....$100 a pop , actually that's a lie, 2 of them I pulled the initial $100 Kukuroo, you still doing that one we discussed some months back? I hit 2k, pulled the initial 100, and ploop.
Yes i was busy lately so i haven't tried done it on a serious way. But just started again recently. I just can do 25/50 instead of 50/100%. It will take longer but i hope to achieve it someday. You'll be the first to know if i succeed

Well done with the 2k hit. You should have taken more than your initial 100 maybe, but no loss at least
COT: The precious data ignored
  • #996,406
  • Jun 2, 2015 12:15pm Jun 2, 2015 12:15pm
Quoting OctaveJay509
{quote} Hey Mate, If you allow me to add something extra, I would say that ABCD pattern you had on that 4-Hour Chart is designed to complete An Emerging Bearish Cypher at around 1.14000--1.14200ish... I strongly believe this might happen (or complete) overnight before EUR News - Minimum Bid Rate. I expect it to be unchanged, but I have no idea.... Another thing, despite all the crazy short positions right now, if EUR decides to test 1.15000 or trade above it, we could easily see EUR reaches 1.18000-1.19000 comes next week... Market Sentiment is...
I like your thoughts. Interesting.
Back from the dead * ding fries are done *
  • #996,407
  • Jun 2, 2015 12:17pm Jun 2, 2015 12:17pm
122x and 129x
  • #996,408
  • Jun 2, 2015 12:18pm Jun 2, 2015 12:18pm
Quoting gatorinla
getting prepared for a bad trade (1264) , or a possible good trade. stops here 1220, tp atm 0788 (0786+2) atm level 1183 {image}
this might hit Wednesday. May not be today.
Intraday only.
  • #996,409
  • Jun 2, 2015 12:18pm Jun 2, 2015 12:18pm
Quoting Ata-Turkoglu
{quote} Of course market wants to retest the latest top.. but we are also inside a wide 450 pips channel on 4H.. for today, as long as price stays above 1.1162 no need to short.. but of course we can have different levels tomorrow.. the higher the price the bigger the tension.. but so far so good.. Happy Trades
Update 1.1180 is new support.. if on 15 minute or higher charts price falls below it can turn into a strong resistance and we can start risking early shorts..

Happy Trades
Focus only on what truly matters!
  • #996,410
  • Jun 2, 2015 12:18pm Jun 2, 2015 12:18pm
Quoting NuNix
sell opened @1.175
What tp you looking at?
The price will go where it has to go.
  • #996,411
  • Jun 2, 2015 12:19pm Jun 2, 2015 12:19pm
Quoting gatorinla
getting prepared for a bad trade (1264) , or a possible good trade. stops here 1220, tp atm 0788 (0786+2) atm level 1183 {image}
Gator,
could you please share how do you spread the risk between the 3 trades (generally speaking about the case when you open more than 1 trade at the same level)?
are they with the same size? do you intend to close them at different TP levels?

Thanks
  • #996,412
  • Jun 2, 2015 12:20pm Jun 2, 2015 12:20pm
Not sure if 1.12 will come today : - (
Back from the dead * ding fries are done *
  • #996,413
  • Jun 2, 2015 12:21pm Jun 2, 2015 12:21pm
Quoting FXMori
{quote} I'm a theoretical physics, so i'm little biased about this thing. There is a lot of thing that i don't know about fx and i keep learning, but my reasoning is this: Fx market has a total money amount. it can change, people may take out their money and buy houses, cars, stocks and whatever. But let assume that during a single day the total amount of money in the game doesn't change that much. In that case since more than 25% of trades are made on eur/usd a big move in this pair starts a chain reaction in all other pair involving the dollar...
I'm an MBA w/ a focus in finance and investment banking, and trust me when I say that the market always surprises me to this day. That being said there are much larger forces at play behind the scenes you and I are not privy to, but the general public does have access to information and data to help guide trading.

You seem educated, so I'm assuming you understand the concept of information asymmetry. Therefore, retailers will always have less of an edge than large financial institutions, but even then simply because they have full time traders who spend 40+ hours a week studying currency markets. But bunds in this case are driving the eur, not the spot FX markets per se. And don't get me started on futures contracts.

Edit: the spot forex market is basically akin to a financial derivative, it wasn't even intended to be traded by retailers. I'm pretty sure it was an MBA who was like "hey, let's expose this to the public and make tons of money on commissions!" And they were right.
  • #996,414
  • Jun 2, 2015 12:21pm Jun 2, 2015 12:21pm
Quoting kuroro001
{quote} Yes i was busy lately so i haven't tried done it on a serious way. But just started again recently. I just can do 25/50 instead of 50/100%. It will take longer but i hope to achieve it someday. You'll be the first to know if i succeed Well done with the 2k hit. You should have taken more than your initial 100 maybe, but no loss at least
50k or 0k , no inbetween lol
  • #996,415
  • Jun 2, 2015 12:23pm Jun 2, 2015 12:23pm
Quoting Pharm0r
{quote} 50k or 0k , no inbetween lol
Like that way of thinking , all the best
COT: The precious data ignored
  • #996,416
  • Jun 2, 2015 12:24pm Jun 2, 2015 12:24pm
Quoting goldfinch
{quote} Why counter a fundamental change in the landscape, we are just testing 1.12 for a move up to 1.13.
i purely trade based on technical indicator, so i don't care about fundamental. I said this several times before

Quoting JeffJ53
{quote} Think you meant 1.1175....
yes typo, thanks.
Dangdut is a music of my country
  • #996,417
  • Jun 2, 2015 12:26pm Jun 2, 2015 12:26pm
Quoting mitrapips
{quote} What tp you looking at?
no tp & no sL. will close it when it said false signal, or run it to the bottom. the up move migth end here and turning,,,who know
Dangdut is a music of my country
  • #996,418
  • Jun 2, 2015 12:31pm Jun 2, 2015 12:31pm
TRAPPED MYself with a few short trades... last trade for today its EU short @ 1.11811
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  • #996,419
  • Jun 2, 2015 12:32pm Jun 2, 2015 12:32pm
Quoting gatorinla
getting prepared for a bad trade (1264) , or a possible good trade. stops here 1220, tp atm 0788 (0786+2) atm level 1183 {image}
gets a little interesting here 1208/09 +- a bunch . lots of month closes below. that and 50 bucks will buy u a happy meal in london
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those who can, do. those who cant, talk about those who can
  • #996,420
  • Jun 2, 2015 12:34pm Jun 2, 2015 12:34pm
Quoting NuNix
{quote} no tp & no sL. will close it when it said false signal, or run it to the bottom. the up move migth end here and turning,,,who know
The next four hours should see a sustained down move. Small M15s not great but will do technically. But if it reverses big then the next 4 hours should be bearish (not consolidation and definitely not a new high). That will be my signal to fold or hold.
The price will go where it has to go.
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