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  • #1,014,941
  • Jul 30, 2015 2:25pm Jul 30, 2015 2:25pm
Hi Krishelis,
How do you get the Trend line(yellow line)?. Thanks

Quoting krishelis
{quote} 1st post: http://www.forexfactory.com/showthre...55#post8408855 Everything worked like a charm 1.0902 held (10 pips means break). {image}
  • #1,014,942
  • Jul 30, 2015 2:27pm Jul 30, 2015 2:27pm
Quoting Tom_D_Trader
Well ok, sold UJ to dodge temporary USD weakness for 123,77 test. Is almost free. so.
no clue where this is heading to but i am in with 2 shorts so i am with you
Attached Image
As Above, So Below
  • #1,014,943
  • Jul 30, 2015 2:29pm Jul 30, 2015 2:29pm
Quoting ill_be_back
{quote} I think more DOWN
--> 2.16 ---> 2.065 ----> 2.2 ------> hell.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,014,944
  • Edited 2:52pm Jul 30, 2015 2:40pm | Edited 2:52pm
Quoting Tom_D_Trader
{quote} Lol man. Do we have any of these in Europe? . We have lotsa coal in Czech. Am hoping it could be used later for nano technologies, as burning it seems middle ages. Manufacturing base was build in Germany after they received Marshall plan (now they are playing smartasses, I could do that too, if I destroyed whole neighbourhood and then received massive injection to rebuild). But ok, we have kinda manufacturing base. Strong banking ok, thats the second thing, if you consider oligopolized banking system strong. Military = joke. And I havent...
well germany italy and france still manufacture.. the problem i see is.. manufacturing heavy industrials takes a lot of energy. manufactures tend to manufacture where they can do it cheaper. guess who has cheaper energy comparably.. lets just say commodities are a null.. and move on down to banking.. is banking strong? it sure tries to put up a facade.

even if the south implosion is cured. the cost of energy difference, weakens the manufacturers and the workers. in turn this is what gives banks strength or weakens them.. its hard to pay for a loan w/o a job or a pay cut. anything produced in this new world economy can be produced in the u.s.

with energy cost up to 70%+ of a cars cost.. the 7-10% cost of labor is nothing when compared to energy.. even if oil is 40 pb.. it will still be cheaper in the u.s. comparably to germany. w/o the shipping cost that germany has to spend to export .. first to import oil.. than ship the car to the u.s... these costly steps are removed when bmw manufacturers on a car with the same bmw label in the u.s.

because of energy cost.. china will have problems competing even with cheap labor


people can invent many other reasons for this. and they will all be full of shit trying to explain moves.... just take this as law in business..in a free market... a manufacture of anything will consider cost first.. and they tend to be swayed to build something at the lowest cost with all things equal such as quality.. its the law. they will build it where the profits are greater. so transportation is considered. this is the trend and it will always be the trend
those who can, do. those who cant, talk about those who can
  • #1,014,945
  • Jul 30, 2015 2:43pm Jul 30, 2015 2:43pm
Quoting geektrader
Just can repeat: EURUSD is a piece of shit pair. Not tradable anymore since ~2 months.
Anything is tradable
If words were riddles Money Spoken would fall from the sky
  • #1,014,946
  • Edited 3:13pm Jul 30, 2015 2:48pm | Edited 3:13pm
Quoting Pharm0r
{quote} Haven't been at the charts since the 200 pip fall today, but my instinct says i want higher 1.0964 minimum comes to mind
1.0963/0980 is where I'm looking to add

Once we break 1.0808 I'll clear the bottoms and start watching 1.1000/1012
  • #1,014,947
  • Jul 30, 2015 2:49pm Jul 30, 2015 2:49pm
Quoting pedro319
EURUSD Price bouncing strongly off AB-CD (not AB=CD) H1 1.618 ext, resistance at 1.0948 and 1.0982. If price returns to downside and takes out the extension (usually not that easy) then MS1 and WS1 very close at 1.0875 and 1.0849. {image}
next week will be a new month.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,014,948
  • Jul 30, 2015 2:51pm Jul 30, 2015 2:51pm
EURUSD
Price bouncing strongly off AB-CD (not AB=CD) H1 1.618 ext, resistance at 1.0948 and 1.0982.
If price returns to downside and takes out the extension (usually not that easy) then MS1 and WS1 very close at 1.0875 and 1.0849.
Attached Image (click to enlarge)
Click to Enlarge Name: LARGE ABCD.png Size: 26 KB
We watch the charts from every angle so you don't have to!!
  • #1,014,949
  • Jul 30, 2015 2:52pm Jul 30, 2015 2:52pm
Quoting ffleo
{quote} next week will be a new month.
Sorry for double posting, I was having some technical issues with Pc.
Yes, new month, new pivots to be tested.
We watch the charts from every angle so you don't have to!!
  • #1,014,950
  • Jul 30, 2015 2:53pm Jul 30, 2015 2:53pm
1.10 once we hit the bottom
If words were riddles Money Spoken would fall from the sky
  • #1,014,951
  • Jul 30, 2015 3:08pm Jul 30, 2015 3:08pm
so wave 4
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H111111.gif Size: 203 KB
  • #1,014,952
  • Jul 30, 2015 4:52pm Jul 30, 2015 4:52pm
Adding to shorts on the H1, risking just 15pips

Sell Limit 1.1020, highly unlikely it gets above that after the FOMC price action print
DM if you have any questions
  • #1,014,953
  • Jul 30, 2015 4:54pm Jul 30, 2015 4:54pm
It seems to me that it was going down 'swimmingly' and then some people added large short positions near/after the market close like if it worked like the US stock market where adding longs in evening could work. This creates support and then PA says targets have been added near 1.1 after that event became obvious, so even if there is a lower target set earlier, since 1.1 is a price that is nearer than say some <1.07, it gains priority. Next thing those who added shorts here are either looking to exit or add more shorts when price comes here again and since there's already plenty of shorts below, this creates the pump and dump action. To have some sort of big move lower, it would probably need to be timed to occur when no one is around to add shorts while the move is under way - because well, pros don't add more shorts during a down move than there is buyers. There's one guy in the commercial section that uses multi-LP/bank L2 book, so he may have some visibility in how much buyers there are but it's kinda obvious without too : aggressively sell during a move down and if the move down stops, there's a chance you're getting squeezed soon and this is much more prone to happen in dead hours like after 4 UTC/12EDT.


Conclusion from this is that there is no real "big boy support" here, just artificial support created by dumb trading. I don't think there's big boy support above 1.05 but if their real intention is to buy low or wait for some option expiry, they don't really have motivation to push through those retail orders so the range is likely to persist but shift around. How good is "artificial support"? Well I claim it was good enough to propel EU from 1.05 to 1.14 as I think the 1.05 bottom was more dumb trading. So for trading purposes it's good enough, and big boys can use algos to accumulate invisibly, they might only show themselves if price is too high for their liking, as was at 1.14.
  • #1,014,954
  • Jul 30, 2015 4:56pm Jul 30, 2015 4:56pm
Uh oh here we go again

If not going up then down

I should change my name to FXgod
  • #1,014,955
  • Jul 30, 2015 6:32pm Jul 30, 2015 6:32pm
Quoting smilemiz
{quote} just few hours... i bought 75 lots... feel calm n 'stable'
I am waiting for AUD and NZD data
  • #1,014,956
  • Jul 30, 2015 6:41pm Jul 30, 2015 6:41pm
Quoting smilemiz
here {image}
I had longs as you traded. But just closed them.

Will look to long again.
Intraday only.
  • #1,014,957
  • Jul 30, 2015 6:55pm Jul 30, 2015 6:55pm
any chance geppy bears can get thru support, Im thinking yes
If you are new to Forex? Say Goodbye to your account!!
  • #1,014,958
  • Jul 30, 2015 7:00pm Jul 30, 2015 7:00pm
Quoting koainnn
as some of u old timers should know that price usually retraces back to the price of the news which was all it was today since no hike or drop....the other thing is usually after news the path of least resistence is the first reaction....so dont be surprised price returns where it was or higher even at the fed release
well thats one ...todays....just one left to retrace to lol....looks like its still gona go hier even if it retests todays low
  • #1,014,959
  • Jul 30, 2015 7:13pm Jul 30, 2015 7:13pm
Quoting KiwiTrada
any chance geppy bears can get thru support, Im thinking yes
look at AJ too. GA = GJ / AJ, potentially more pips than GJ
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,014,960
  • Jul 30, 2015 7:14pm Jul 30, 2015 7:14pm
Quoting ffleo
{quote} look at AJ too. GA = GJ / AJ, potentially more pips than GJ
I bet AJ up and GJ down
ignore wackos and psychos, including myself. But I can't add myself to iggy
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