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  • #1,021,341
  • Aug 22, 2015 1:16pm Aug 22, 2015 1:16pm
Quoting Patient1
{quote} On one more thought, The only reason I can think of to sell eur right now, would be if ez breakup gains traction. us coming off rates going to support euro and they haven't even raised the white flag yet....... If market capitulates and gets out of hand, eur going to be supported by funding currency status.... Why would you want to sell it?.......My thought is that us sits tight while china gets situated, falling usd will help curb the fall in oil and stocks, and we see how things go in a couple months for dec. Its the...
more times than not near that yearly double top high is a good reason not to hold a long near it. its possible u are right. but like ken said your 8o pips (1466) away at 1385.. is that 80ish pips reward, worth a 80 pip drop. will it drop is the question it does look very bullish (it often looks bullish at highs). but will it get to 1105 (still floating and subject to change) or 1008/10 before. it dont really matter to me atm. i will be shorting nearer 1453, not because its bearish. but because the r/r is better.

fundamental wise is a fancy way to show a bias. when u pick some fundamentals as important, and ignore others. fundamental wise the biggest driver is gdp for an exporting economy like germany. the crown jewel of the ecb is getting weaker with each tick. even w/o latest china devalue. germany has slid 2 quarters. your on borrowed time while ecb investors settle margin call debt.
those who can, do. those who cant, talk about those who can
  • #1,021,342
  • Aug 22, 2015 1:18pm Aug 22, 2015 1:18pm
Quoting bd pips
what you guys think about Monday .coz i have 3 short from 1.1350...1.1380;;;;;1.1385. leverage is too high.
I think that overleveraging is NEVER a good idea...if you are uncomfortable you will be more apt to trad3 on emotion instead of your rules...anyway i wish you luck
  • #1,021,343
  • Aug 22, 2015 1:20pm Aug 22, 2015 1:20pm
Quoting Ken A
I never impose my views or advocating sell/buy certain ccy pairs ....... In wait and see mode but have some longs from 1.06x and 1.086x (NFP dip) .....
Two spots for me 1.1389 and 1.1470, few indis suggesting we are stretched and should pull back soon, but after that horny daily candle I'm looking for more up, ideally capped with a hammer.

If 1.1470/1.1533 goes it'll set up a large bull norm around 1.0997

Daily is what I'm watching
  • #1,021,344
  • Aug 22, 2015 1:20pm Aug 22, 2015 1:20pm
Quoting bd pips
what you guys think about Monday .coz i have 3 short from 1.1350...1.1380;;;;;1.1385. leverage is too high.
I think that overleveraging is NEVER a good idea...if you are uncomfortable you will be more apt to trad3 on emotion instead of your rules...anyway i wish you luckBtw i am also short from 1380
  • #1,021,345
  • Aug 22, 2015 1:27pm Aug 22, 2015 1:27pm
Quoting Pharm0r
{quote} Two spots for me 1.1389 and 1.1470, few indis suggesting we are stretched and should pull back soon, but after that horny daily candle I'm looking for more up, ideally capped with a hammer. If 1.1470/1.1533 goes it'll set up a large bull norm around 1.0997 Daily is what I'm watching
I only day trade 2 right now, EURUSD, I don't have taboo to short at every known historical levels + some tea leaf reading and voodoo ...

The other one is Crude, have many s/o's on this one ....
  • #1,021,346
  • Aug 22, 2015 1:29pm Aug 22, 2015 1:29pm
Quoting gatorinla
{quote} more times than not near that yearly double top high is a good reason not to hold a long near it. its possible u are right. but like ken said your 8o pips (1466) away at 1385.. is that 80ish pips reward, worth a 80 pip drop. will it drop is the question it does look very bullish (it often looks bullish at highs). but will it get to 1105 (still floating and subject to change) or 108/10 before. it dont really matter to me atm. i will be shorting nearer 1453, not because its bearish. but because the r/r is better. fundamental wise is a fancy...
well I guess to trade anything one would have to have some type of bias, is that bias right or wrong determines your trade profitability. I'm not longing up in the 1.1380 range, although I think it goes higher with whats happening, pullback seems likely. my time is not borrowed at all as the market dynamics change so will my strategy. right now I feel their are good reasons to buy the dip. They are all stated up above, if this thing pulls back I'll be looking for a bullish chart pattern. I would think with how major this shift is, we break above the current range high in euro, but price action will be the judge.
  • #1,021,347
  • Aug 22, 2015 1:33pm Aug 22, 2015 1:33pm
It seems a guy really get crucified on here for posting a view that goes against the consensus!!! haha well I'm about done playing defence over here. things to do, gl with trading everyone
  • #1,021,348
  • Aug 22, 2015 1:38pm Aug 22, 2015 1:38pm
Doesn't really matter what's said and done over internet forums as long as your bank account is growing from trading ......
  • #1,021,349
  • Aug 22, 2015 1:38pm Aug 22, 2015 1:38pm
Hey all,

From a weekly point of view, EU may use these next 2 weeks (market in waiting/cleaning mode) to try to briefly pullback its long term ichimoku cloud and the median fork @ 1.1660 / 1.1720 if the sell off on Equities goes on. Already hard to imagine it will go there, but nearly impossible for me when I read some posts here to imagine EU will cross the Rubicon (i.e. the gap 1.1872-1.1999) to reach fibo50 @ 1.22. Even if FED pushes back first rate hike to December, EU will not cross it. To me, this gap = powerful inverted magnet = ECB QE.

Have a nice weekend all and thanks for sharing.
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  • #1,021,350
  • Aug 22, 2015 1:39pm Aug 22, 2015 1:39pm
Quoting Patient1
It seems a guy really get crucified on here for posting a view that goes against the consensus!!! haha well I'm about done playing defence over here. things to do, gl with trading everyone
no man, contrary. i like view discussion. not trying to crucify you. i have been respectful to your view. its up to time to settle this. dont get me wrong i go where it leads. i have 1.158x and st 1.1555.. but its not going there w/o 1466+.. that's a fact. we see this all the time, people gone for months show up at highs or lows and cheer the place near them. then hide after its rejected. what happens most often is it dont break w/o many failures. sure they break. but with a small risk more reward is made on the failed attempt.
those who can, do. those who cant, talk about those who can
  • #1,021,351
  • Aug 22, 2015 1:43pm Aug 22, 2015 1:43pm
pair is reached it`s hi and now it must stop and start to build reversal candles next week. Just my thoughts.
  • #1,021,352
  • Aug 22, 2015 1:57pm Aug 22, 2015 1:57pm
Quoting Sunnyland
pair is reached it`s hi and now it must stop and start to build reversal candles next week. Just my thoughts.
if i knew for sure. i would have a farm back my trade. at 1453 ish i will have a few goats and my best laying hen. she's old anyway.. so little risk, is little loss or big gain.

and like many will say on my s/o. "stupid the trend is up." thank you for that future post, acknowledged.
those who can, do. those who cant, talk about those who can
  • #1,021,353
  • Aug 22, 2015 2:13pm Aug 22, 2015 2:13pm
Quoting Ken A
{quote} I only day trade 2 right now, EURUSD, I don't have taboo to short at every known historical levels + some tea leaf reading and voodoo ... The other one is Crude, have many s/o's on this one ....
we have the same fib setup so you know what I see on crude. looking for gold to turn back down soon as well, but I don't trade either so who cares right?
  • #1,021,354
  • Aug 22, 2015 2:35pm Aug 22, 2015 2:35pm
Quoting Pharm0r
{quote} Two spots for me 1.1389 and 1.1470, few indis suggesting we are stretched and should pull back soon, but after that horny daily candle I'm looking for more up, ideally capped with a hammer. If 1.1470/1.1533 goes it'll set up a large bull norm around 1.0997 Daily is what I'm watching
Do you have anything around 1.1410-27 or 1.1491?
  • #1,021,355
  • Aug 22, 2015 2:56pm Aug 22, 2015 2:56pm
Quoting Rockerzeus
{quote} Do you have anything around 1.1410-27 or 1.1491?
Hi Rock,
I've 1410 for sub parity 0.9850 (sorry to disrupt the bull party here since 2 days, permabears received their enema be assured that market will give one to the bulls also ).
If 1410 don't stop the train then no LT short until 1.2000
If 1410 halt the train then bull may take control at 1.0890 for 1.2000 or at 1.0620 for 1.2380

Those are my levels, no need to say it to you as you know that I'm not an orthodox mofu trader.

GL
Don't be smart. Be rich.
  • #1,021,356
  • Edited 3:30pm Aug 22, 2015 3:17pm | Edited 3:30pm
Quoting Rockerzeus
{quote} Do you have anything around 1.1410-27 or 1.1491?
Shooting you an email

Quoting Ken A
{quote} See if can hit blue line X if current level don't hold Weekly {image}
Have the same here (1180). I expected a tap to 995 first and maybe 809, but China throwing the monkey wrench, and if FED drops the ball......watching for norm way up at 1550. I prefer physical gold though- so it's more of an issue on whether I'll buy bullion/jewelry or not

Girlfriend wanting a gorgeous Anna Sheffield ring...which is honestly steep for me, but not impossible. Not with trading doing well at least. But that ring is much much cheaper around $800 gold.
  • #1,021,357
  • Aug 22, 2015 3:32pm Aug 22, 2015 3:32pm
Quoting Pharm0r
{quote} Shooting you an email {quote} Have the same here (1180). I expected a tap to 995 first and maybe 809, but China throwing the monkey wrench, and if FED drops the ball......watching for norm way up at 1550. I prefer physical gold though- so it's more of an issue on whether I'll buy bullion/jewelry or not Girlfriend wanting a gorgeous Anna Sheffield ring...which is honestly steep for me, but not impossible. Not with trading doing well at least. But that ring is much much cheaper around $800 gold.
Give her a black card and do as she wishes
  • #1,021,358
  • Aug 22, 2015 3:35pm Aug 22, 2015 3:35pm
Quoting Ken A
{quote} Give her a black card and do as she wishes
I've gotta give myself one first
  • #1,021,359
  • Aug 22, 2015 5:01pm Aug 22, 2015 5:01pm
Quoting Ken A
Doesn't really matter what's said and done over internet forums as long as your bank account is growing from trading ......
bank account shouldn't grow from trading! assets collection should grow. we not here to put money in a bank account and let it sit there. much better things to do.

Shorting EURUSD on the open.
All posts are my personal opinion
  • #1,021,360
  • Aug 22, 2015 5:13pm Aug 22, 2015 5:13pm
Quoting bd pips
what you guys think about Monday .coz i have 3 short from 1.1350...1.1380;;;;;1.1385. leverage is too high.
no one has a crystal ball, but ...
gap down would be a logical and gap up, not
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