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  • #1,014,761
  • Jul 30, 2015 6:00am Jul 30, 2015 6:00am
This lame bull cannot impress traders because it's failing and descending from above since 1.14x rejection.
Moreover it's set back to the stubborn mid tern bearish TL. I just wonder why bull don't try to break that pathetic TL permanently that can lead the pair above 1.16

Bear players just flirting with this weak bull. Pumping before big events and dumping after the news. They don't care which side the news favored.
You cannot learn better without losing
  • #1,014,762
  • Jul 30, 2015 6:01am Jul 30, 2015 6:01am
Quoting forexings
This lame bull cannot impress traders because it's failing and descending from above since 1.14x rejection. Moreover it's set back to the stubborn mid tern bearish TL. I just wonder why bull don't try to break that pathetic TL permanently that can lead the pair above 1.16
EUR its fundamentally weak
  • #1,014,763
  • Jul 30, 2015 6:03am Jul 30, 2015 6:03am
Quoting dan2boy
{quote} EUR its fundamentally weak
Really? What's that fundamental reason? All I see is geopolitical reason
You cannot learn better without losing
  • #1,014,764
  • Jul 30, 2015 6:08am Jul 30, 2015 6:08am
Quoting forexings
This lame bull cannot impress traders because it's failing and descending from above since 1.14x rejection. Moreover it's set back to the stubborn mid tern bearish TL. I just wonder why bull don't try to break that pathetic TL permanently that can lead the pair above 1.16 Bear players just flirting with this weak bull. Pumping before big events and dumping after the news. They don't care which side the news favored.
giving up on 1.2 and all that rhetoric about bears being stupid?
those who can, do. those who cant, talk about those who can
  • #1,014,765
  • Jul 30, 2015 6:10am Jul 30, 2015 6:10am
she want more buyers as I see from 096x not looking good for bulls
im seeing 0904 for long opportunity if I want to make some from bounce , not gonna long around 0930 it can hunt stops
  • #1,014,766
  • Jul 30, 2015 6:11am Jul 30, 2015 6:11am
30/07/15 Daily trading plan:

EUR/USD:
I sold E/U on 1.111 and closed on 1.105. But I just missed a sell lmt on 1.1080 when retreat where the highest was 1.10787. Not a lucky day. For today or tomorrow, 1.1-1.102 could be a good place to sell again,just need to S/L on 1.1035. 1.093-1.095 is also a good place to try long for day trade, with S/L 1.092.

GBP/USD:
1.557-1.559 seems solid. Can try long from here with S/L just below 1.557. Target on 1.563-1.565. Also can short G/U on 1.563-1.565,S/L above 1.565 and t/p on 1.56
  • #1,014,767
  • Jul 30, 2015 6:16am Jul 30, 2015 6:16am
Quoting edyraper
she want more buyers as I see from 096x not looking good for bulls
the 3 !!! PARALLEL red news in 1 hour can and will shoot the pair everywhere where market makers want to have it.
  • #1,014,768
  • Jul 30, 2015 6:18am Jul 30, 2015 6:18am
Euro QE expects to continue till September next year, wheareas USD is raising rates this year; Uncertainty still looms around Eurozone, many other countries is performing badly such as Greece of cause, Portugal, Slovakia, Italy, Spain, In the US data proven to be growing gradually, unemployment remain low. Only this two reason it gives you enough reason why the sentiment towards the USD is always stronger compared to the EURO
  • #1,014,769
  • Jul 30, 2015 6:19am Jul 30, 2015 6:19am
Quoting dan2boy
Gator, just a point of view.. will you TP after news if it spikes down for EU ...
some support after 0786, at 0774/75,, its never been tested.. even so i have this one as a possible bounce..maybe one can get 1.0905 lm out of it. i dont know.. a target at 0657 is open.. if this is a gdp springboard it may not bounce for a while.. at the same time the larger move is already set to go to 1.0... even w/o gdp .. as long as gdp is not a flop.. the longer direction is drop.. better gdp can speed the process.
if gdp reported in april was wrong.. we would have never got above 1051.
those who can, do. those who cant, talk about those who can
  • #1,014,770
  • Jul 30, 2015 6:22am Jul 30, 2015 6:22am
Quoting gatorinla
{quote} giving up on 1.2 and all that rhetoric about bears being stupid?
Is there any reason to give up 1.20 for long run? Yes I agree 1.05 will be taken out before it because ECB still helping that stupid bear by QE otherwise 1.14 was in great trouble. Give them 2 more years to run QE. BTW, US wants to increase export & inflation figure right? Oh well and to decrease their debt bubble.
You cannot learn better without losing
  • #1,014,771
  • Jul 30, 2015 6:24am Jul 30, 2015 6:24am
Quoting gatorinla
{quote} some support after 0786, at 0774/75,, its never been tested.. even so i have this one as a possible bounce..maybe one can get 1.0905 lm out of it. i dont know.. a target at 0657 is open.. if this is a gdp springboard it may not bounce for a while.. at the same time the larger move is already set to go to 1.0... even w/o gdp .. as long as gdp is not a flop.. the longer direction is drop.. better gdp can speed the process. if gdp reported in april was wrong.. we would have never got above 1051.
So u support the view of banks that it will reach parity in a point in time? ... Hmm i am aiming for a bounce from a spike downwards. Looking at it, strong GDP data is considered to be fit into the price already... guess the spike is my chance to long... PROVIDED the data doesn't exceed the expected by ALOT. So its all about what data it released
  • #1,014,772
  • Jul 30, 2015 6:26am Jul 30, 2015 6:26am
Quoting dan2boy
Euro QE expects to continue till September next year, wheareas USD is raising rates this year; Uncertainty still looms around Eurozone, many other countries is performing badly such as Greece of cause, Portugal, Slovakia, Italy, Spain, In the US data proven to be growing gradually, unemployment remain low. Only this two reason it gives you enough reason why the sentiment towards the USD is always stronger compared to the EURO
Oops! Portugal, Slovakia, Italy, Spain is performing badly after the huge drop of euro demand. lol
We need real data, not the manipulated one.

Europe says we performing badly because we need to increase inflation otherwise most of our multinational companies HQ will shift their location. So please lower the euro demand
You cannot learn better without losing
  • #1,014,773
  • Jul 30, 2015 6:28am Jul 30, 2015 6:28am
Quoting forexings
{quote} Oops! Portugal, Slovakia, Italy, Spain is performing badly after the huge drop of euro demand. lol We need real data, not the manipulated one.
alright you win, no point arguing about it then..
  • #1,014,774
  • Jul 30, 2015 6:36am Jul 30, 2015 6:36am
Quoting forexings
{quote} Is there any reason to give up 1.20 for long run? Yes I agree 1.05 will be taken out before it because ECB still helping that stupid bear by QE otherwise 1.14 was in great trouble. Give them 2 more years to run QE. BTW, US wants to increase export & inflation figure right? Oh well and to decrease their debt bubble.
lets not rewrite history. when one advocates a long at 14xx while calling others trading plan stupid. they should at least own up to it. not owning up to ones mistake only makes that person more likely to take it personally. trading is mostly a mind game. the first person to admit wrong is ones self. for one to improve their trading they have to admit failure to themselves. until that happens one is just fooling himself.. we are at .096x.. your r/r for that long are better here. mine for a short are much worse than at 14xx.. so in case i am f-ing up.. i want to say i was wrong ahead of time.. but my shorts are starting from mid june to a few days ago..lowest 1086.. not here at .0957
those who can, do. those who cant, talk about those who can
  • #1,014,775
  • Jul 30, 2015 6:46am Jul 30, 2015 6:46am
Quoting dan2boy
{quote} So u support the view of banks that it will reach parity in a point in time? ... Hmm i am aiming for a bounce from a spike downwards. Looking at it, strong GDP data is considered to be fit into the price already... guess the spike is my chance to long... PROVIDED the data doesn't exceed the expected by ALOT. So its all about what data it released
go read what was going on during the euro rise to 1.6.. what happens when most of that is gone.. what happens if all of it is gone plus more.. eu rose not long after 911, bush pressed greenspan to print.."go shopping campaign".. the fed has printed mostly ever since until recently.. now even w/o a rate hike the fed balance sheet is set to shrink.. at the same time ecb expands its balance sheet. on the rise to 1.6 from 0.8.. it wasn't this lopsided policy wise.
those who can, do. those who cant, talk about those who can
  • #1,014,776
  • Jul 30, 2015 6:47am Jul 30, 2015 6:47am
If you feel market is boring right now use your maximum leverage an open a positions , it feels you alive
  • #1,014,777
  • Jul 30, 2015 6:49am Jul 30, 2015 6:49am
Quoting edyraper
If you feel market is boring right now use your maximum leverage an open a positions , it feels you alive
edy, i see most people don't do trade explorer , except for you .... is there any reason why not to?
  • #1,014,778
  • Jul 30, 2015 6:50am Jul 30, 2015 6:50am
Xandi - Was stopped out (profit protection) on the bull gartley pattern this morning. Will reenter it again. But...
Could this just be the middle of a harmonic move down?

if so this next leg terminates at 1.071

Attached Image (click to enlarge)
Click to Enlarge Name: euharmonic.png Size: 23 KB
forex forex forex
  • #1,014,779
  • Jul 30, 2015 6:54am Jul 30, 2015 6:54am
short uj 124 36 sl 49
If you are new to Forex? Say Goodbye to your account!!
  • #1,014,780
  • Jul 30, 2015 6:58am Jul 30, 2015 6:58am
tighten ur sitbelt, it's gonna be hard
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