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  • #1,011,441
  • Jul 20, 2015 12:51pm Jul 20, 2015 12:51pm
Todays PA was complete gibberish to me today. Not sure if it's just low liquidity and/or just stop hunting the level, perhaps it's consolidating before the correction up or a pause before continuing down, perhaps I'm missing something (real tired atm) but as I said it makes no sense to me. I managed a few pips here and there in a few st moves but as a whole imo it just looks ugly. The only real possibility I have atm is if this slow pullback continues, over time it may create a 4hr C&H for a continuation.

I will leave my EJ trade open because it is a low risk trade and even though it didn't go far and returned to zero, the move hasn't been negated yet (though looking at EA 4hr, it looks like it could be a top and ready to break). I'm hoping the rest of the week provides better PA.
As the lights go by so too do the shadows move
  • #1,011,442
  • Jul 20, 2015 12:55pm Jul 20, 2015 12:55pm
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  • #1,011,443
  • Jul 20, 2015 12:57pm Jul 20, 2015 12:57pm
Quoting gatorinla
{quote} 0

Well Gator, I see you are a fan of... "On a long enough timeframe every Euro goes to ZERO"
  • #1,011,444
  • Jul 20, 2015 1:02pm Jul 20, 2015 1:02pm
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As the lights go by so too do the shadows move
  • #1,011,445
  • Jul 20, 2015 1:10pm Jul 20, 2015 1:10pm
Quoting zippo22
{quote} Well Gator, I see you are a fan of... "On a long enough timeframe every Euro goes to ZERO"
maybe not,, with the south give it another decade or less. if the south and north split to a northern and southern euro. it may have a shot.. if its just northern europe with a orderly exit of the south, it can go higher. unlikely to have 2 currencies atm.. odds seem better for 0. the manufacturing counties dont mix well with countries dependent mostly of tourism. they have too much difference. a recipe for disaster
those who can, do. those who cant, talk about those who can
  • #1,011,446
  • Jul 20, 2015 1:17pm Jul 20, 2015 1:17pm
why eu droping late NY session these days do us traders love to sell euro vs. dollar and european traders trying to save their currency
  • #1,011,447
  • Jul 20, 2015 1:31pm Jul 20, 2015 1:31pm
Quoting gatorinla
{quote} maybe not,, with the south give it another decade or less. if the south and north split to a northern and southern euro. it may have a shot.. if its just northern europe with a orderly exit of the south, it can go higher. unlikely to have 2 currencies atm.. odds seem better for 0. the manufacturing counties dont mix well with countries dependent mostly of tourism. they have too much difference. a recipe for disaster

You are right, the structural and cultural differences are significant.
Same picture on the political front. The average tenure of a German Chancellor is significantly different than the one of the Italian PM - for example. In this case it's around 1:7. The average tenure of an Italian PM is approx. 1 1/2 years ... and guess what, Berlusconi was with 5 years in one go the longest serving Italian PM of the last 40 years .
  • #1,011,448
  • Jul 20, 2015 3:31pm Jul 20, 2015 3:31pm
LL printed for me just now 15m.. possible s on retrace 0847/49.. st scalp wise to possible holder.
those who can, do. those who cant, talk about those who can
  • #1,011,449
  • Jul 20, 2015 3:31pm Jul 20, 2015 3:31pm
Quoting Matts Micro
Todays PA was complete gibberish to me today. Not sure if it's just low liquidity and/or just stop hunting the level, perhaps it's consolidating before the correction up or a pause before continuing down, perhaps I'm missing something (real tired atm) but as I said it makes no sense to me. I managed a few pips here and there in a few st moves but as a whole imo it just looks ugly. The only real possibility I have atm is if this slow pullback continues, over time it may create a 4hr C&H for a continuation. I will leave my EJ trade open because it...

Based on my calculations (worth two sh*ts), the probability of CD extension l is found by:

B = 1.091357 - A = 1.12770 = 0.03613

Using the following Fibonacci ratios:
P1 = 1.272
P2 = 1.618

(P1)CDl = 1.272B - 1.12151 = ~1.063X
(P2)CDl = 1.618B - 1.12151 = ~1.075X
  • #1,011,450
  • Jul 20, 2015 3:37pm Jul 20, 2015 3:37pm
pop
  • #1,011,451
  • Jul 20, 2015 3:38pm Jul 20, 2015 3:38pm
Quoting gatorinla
LL printed for me just now 15m.. possible s on retrace 0847/49.. st scalp wise to possible holder.
we are on the same page, been pending...

norm opened up 1143 if we get there- it'll be a doozy.

0964 first though
  • #1,011,452
  • Jul 20, 2015 3:41pm Jul 20, 2015 3:41pm
Quoting gatorinla
a lot of bullish talk about apple.. it did make a LL a few days back.. if it cant make a hh.. 108.76 should get a visit or 104.66 sentiment is very bullish on apple.. its in the 131.xx area atm. so if it drops, apple fans may get this unlikely entry.. but when they are dancing in the streets, a hangover follows. if not, its free to wait.apple value with china down, may be a little ambitious at these levels. its free to watch. at the same time uj near some R. apple is the big boy with google to watch. uj at R dont hurt.. one way i can get a higher...
lm hit
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those who can, do. those who cant, talk about those who can
  • #1,011,453
  • Jul 20, 2015 3:42pm Jul 20, 2015 3:42pm
Damn didn't expect this spike downwards at this hour... lost my days winnings and then some! I'll have to check this mofu / norm stuff you keep talking about.
  • #1,011,454
  • Jul 20, 2015 3:45pm Jul 20, 2015 3:45pm
Support level 1.0820 still hold the EUR/USD from dropping.
  • #1,011,455
  • Jul 20, 2015 3:45pm Jul 20, 2015 3:45pm
Quoting ExForX
Damn didn't expect this spike downwards at this hour... lost my days winnings and then some! I'll have to check this mofu / norm stuff you keep talking about.
tea leaves

look for a bounce soon, first obvious place is 0780
  • #1,011,456
  • Jul 20, 2015 3:49pm Jul 20, 2015 3:49pm
Gah... Covered my last short just a few seconds before the spike down. Figures.
  • #1,011,457
  • Jul 20, 2015 3:51pm Jul 20, 2015 3:51pm
A bit off-topic, but... is there a way to print the trades list in a Trade Explorer? (And yeah, I may make mine public before long... still debating. )
  • #1,011,458
  • Jul 20, 2015 3:58pm Jul 20, 2015 3:58pm
Quoting Pharm0r
{quote} tea leaves look for a bounce soon, first obvious place is 0780
Yeah I bet 0780 would have been a better place to start looking for long scalps. Still 082 looked okay RR-wise. I was looking for a place higher to short again and thought I could profit from the ride up. Took more risk (with too small stop) and paid for it. Still not disaster though. Well anyway I better go to bed because I feel tempted to do some revenge trading heheh. I'd rather see you tomorrow to fight another day. Good night!
  • #1,011,459
  • Jul 20, 2015 3:59pm Jul 20, 2015 3:59pm
If this EVER breaks below the 1.0820 area, what might the next level of support be? (Other than, I assume, the even 1.08 line)
  • #1,011,460
  • Jul 20, 2015 4:10pm Jul 20, 2015 4:10pm
Quoting Ratmach
If this EVER breaks below the 1.0820 area, what might the next level of support be? (Other than, I assume, the even 1.08 line)
you are potentially looking at 1.06x level this week. all needed is little bit of rumor
As Above, So Below
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