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EURUSD

  • #1,009,061
  • Jul 10, 2015 9:10am Jul 10, 2015 9:10am
in a couple of hours the old lady could take this pair to 1,13, or not...
let's hold tight and enjoy the ride
  • #1,009,062
  • Jul 10, 2015 9:10am Jul 10, 2015 9:10am
Trendline drawn through 3 previous significant highs suggest big boys are sellers (unless something has changed) around 1.3-1.4 area. The way I trade means that price need to go there (this current move up is just that), check if the big boys are there, if they are there, then go check for big buyers at lows. I am not so sure where the true lows are - near 1.1 would be one possiblity. If 1.091 is broken then go look for 1.07 area.

So for nearly 100% probability trade, my goal is to trade price near those lows or highs, verify if Big Boys are there. If they are there, then test how strong they are.. If they are Strong, then drive price other end of the range. This gives nearly 100% probability of 2-4% move and you have hundreds of millions dollars making backing the move so not too risky to go with it. The big boys are so big they are like a Knight Rider trailer.. HARD TO MISS.
  • #1,009,063
  • Jul 10, 2015 9:12am Jul 10, 2015 9:12am
Quoting fxjesus
{quote} if the bottom "is in", then there's no ifs and buts. People have sold, 50% to 100% fib. Then it's dumped and heading back down. Eur/usd looks a lot like that, there's a bull trap and JPY pairs had the move, not USD. So you are right, I should have not commented about the possible move up today but do note I gave note of the bottom yesterday before it moved up. Earlier today it looked like the move could gap up but further study shows that is less likely and big boys ran the JPY pairs (I wasn't in them, missed out like newbie......
mostly agree, and at 1209 ish is 50ish % .09xx from bottom.. as was 09xx from 14xx top... and now we could go the other way 125 pips or more or the 250ish back to 14xx
those who can, do. those who cant, talk about those who can
  • #1,009,064
  • Jul 10, 2015 9:14am Jul 10, 2015 9:14am
Quoting KzX
{quote} 075-105-135-165-195-225
Ok, couldn't resist shorting one last trade @93
  • #1,009,065
  • Jul 10, 2015 9:17am Jul 10, 2015 9:17am
Quoting KzX
{quote} Ok, couldn't resist shorting one last trade @93
looks like its pushing to 1.1135 on this move here.
The trend is your friend
  • #1,009,066
  • Jul 10, 2015 9:20am Jul 10, 2015 9:20am
Quoting HappyMe
I believe that was our wave ii (means the high with this leg down) The coming levels are probably: Wave iii : 1,1146 Wave iv: 1,1155 Waved v: 1,1114 levels are ofcours +/-.... well we see...
Probably wave iii is gonna end a little higher then 1,1146. My calculations are now: 1,1166-56... but the 46 level is still possible but now looks as an extreme. Well I need the wave a/v and b/v for a more exact value....
You can manage risk, but you can't manage the return
  • #1,009,067
  • Jul 10, 2015 9:20am Jul 10, 2015 9:20am
Quoting Wrigs346
{quote} looks like its pushing to 1.1135 on this move here.
Maybe maybe. Rememebr, LON usually does 'it' @ 16:10-15 CET (which just happened) - just a hint for newbies
  • #1,009,068
  • Jul 10, 2015 9:22am Jul 10, 2015 9:22am
Quoting 21vs7
s 1212
Still long EJ? Target 138 EU 1.128
  • #1,009,069
  • Jul 10, 2015 9:23am Jul 10, 2015 9:23am
Quoting HappyMe
{quote} Probably wave iii is gonna end a little higher then 1,1146. My calculations are now: 1,1166-56... but the 46 level is still possible but now looks as an extreme. Well I need the wave a/v and b/v for a more exact value....
ow.....wait a minut...I was to quick.... the current low is already 1,1162... so we need below....well in that case a more extreme value could be possible...again I need the wave a/v and b/v .....
You can manage risk, but you can't manage the return
  • #1,009,070
  • Jul 10, 2015 9:31am Jul 10, 2015 9:31am
Quoting 21vs7
s 1212
covering +45
  • #1,009,071
  • Jul 10, 2015 9:32am Jul 10, 2015 9:32am
Quoting Ken A
{quote} Still long EJ? Target 138 EU 1.128
yeah, just bought little EJ...but tiny
133.2x got tiny also only. covered after assia moved.
hold EG long
wont be open o/n of course.
  • #1,009,072
  • Jul 10, 2015 9:35am Jul 10, 2015 9:35am
Quoting Atihun
{quote} {image}
  • #1,009,073
  • Jul 10, 2015 9:35am Jul 10, 2015 9:35am
Quoting Not-KPMG
{quote} Nice. What's next for a few weeks ? And what gap over wekeend ?? ( I say above close )
Long AUDCAD is next, a bit late though. That one can probably go for more than a couple weeks, more like a couple months. I would rather being bonds and bank stocks now though
All posts are my personal opinion
  • #1,009,074
  • Jul 10, 2015 9:37am Jul 10, 2015 9:37am
Quoting micho
there is also nuclear negotiations going on this weekend... so its gonna be big mega weekend for all holding positions better close them tonight whatever the results are
It's deadlock - the impact will be more on Crude and CAD

Quoting 21vs7
{quote} yeah, just bought little EJ...but tiny 133.2x got tiny also only. covered after assia moved. hold EG long wont be open o/n of course.
Still holding until 138
  • #1,009,075
  • Jul 10, 2015 9:41am Jul 10, 2015 9:41am
Quoting ffleo
{quote} Up move stopped {image}
the best lol
  • #1,009,076
  • Edited 10:12am Jul 10, 2015 9:57am | Edited 10:12am
Quoting gatorinla
{quote} just a heads up. china market has lost about 26X the entire normal average annual gdp of Greece. in recent weeks.. whats that do for the aud? whats that do for usd? how will it affect or not eu?
I kinda dont know . Think Asians may have different thinking than me... long term is a drag on all Asia but short/mid Abe-san is Kamikaze and with new "Last hope" shot Japan pension funds repositioning of JGBs into Stocks + PBOC banned short selling and possibly ready to intervene more..so all pushing liquidity into market and results Asia chop. Long term they are screwed ofc, mid - lets say till oct could be from chop to end up as USD bull (safe haven + hike combo).
Quoting Tom_D_Trader
but POBC move may be counter me, could push liqudity...not sure how it flows between Tokyo and Shanghai. ?
Quoting The Fool
the Beijing put? .. gotta love 1-way markets...will have to watch FXI tomorrow... http://finance.yahoo.com/news/china-...003801709.html
+ am very possibly gonna deleverage a bit soon as aint eager to watch press conference and weekend is starting.
edit: Also that Aussie is gonna depend on Oil, but I know your stance there
Last edit:
Quoting gatorinla
who is the fool? the guy who bought a new porche w/o having income to pay it back? or the guy (bank) who loaned the money knowing he couldn't pay it back?
There is only one Fool
"I know one thing, that I know nothing." Sokrates
  • #1,009,077
  • Jul 10, 2015 10:03am Jul 10, 2015 10:03am
Quoting Ken A
{quote} Still long EJ? Target 138 EU 1.128
I see where and why, you take that trade often (the 11.8s)?
  • #1,009,078
  • Jul 10, 2015 10:11am Jul 10, 2015 10:11am
I'm not that sure....but my count and projections are not matching the market in this down wave....

Maybe we now have a correction in the form of a triangle...Flat...expanded plat...?!
You can manage risk, but you can't manage the return
  • #1,009,079
  • Jul 10, 2015 10:13am Jul 10, 2015 10:13am
Quoting Pharm0r
{quote} I see where and why, you take that trade often (the 11.8s)?
It's basically a HL so if no LL is a good place to long with few pips as stop

Quoting HappyMe
I'm not that sure....but my count and projections are not matching the market in this down wave.... Maybe we now have a correction in the form of a triangle...Flat...expanded plat...?!
Market is in risk-on mode, is that flat or expanded?
  • #1,009,080
  • Jul 10, 2015 10:22am Jul 10, 2015 10:22am
Quoting Ken A
{quote}
1124-39 good to buy for a final push imo.needs to break 60 tho.
i missed to sell around 1200. will call it a day/week i guess and leave it alone.
follow the flow
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