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  • #1,030,401
  • Oct 7, 2015 9:44am Oct 7, 2015 9:44am
Quoting Pharm0r
weeeeeeeee
Shorted oil @ 49.49. Let's see if we can make up for all the S/O trades today
  • #1,030,402
  • Oct 7, 2015 9:48am Oct 7, 2015 9:48am
Quoting eborn
{quote} Shorted oil @ 49.49. Let's see if we can make up for all the S/O trades today
Oil will drop more, as US inventories has increased. Over Supply!!!
  • #1,030,403
  • Oct 7, 2015 9:52am Oct 7, 2015 9:52am
Quoting hathor
{quote} Not falling after new low is the sign. 1. New low -> new sellers -> new stops 2. This was the second rejection of 1.122xx region (pivots and others)
Interesting to see how sharply EU reversed during the past hour. The crucial point now should be 1.1280 to make new highs.
Fix up, trade sharp ...
  • #1,030,404
  • Oct 7, 2015 9:56am Oct 7, 2015 9:56am
Hey Gator !

I got a new job.

Forex was not cutting the mustard.

I'm writing sports picks now.

They pay per article.

cheers

Ryder
Back from the dead * ding fries are done *
  • #1,030,405
  • Oct 7, 2015 9:58am Oct 7, 2015 9:58am
Quoting Hickson
{quote} Interesting to see how sharply EU reversed during the past hour. The crucial point now should be 1.1280 to make new highs.
Yes, but if you watch the pair carefully, than you can see nowadays it's favorite habit is to ruin AB=CD traders with a new 'C' point (new low before heading to 'D').....right now I would like to see a new high, but first 1.124xx (fib 50% retracement) has to go.
From now on...I don't want to see new intraday low.

Like here:
http://www.forexfactory.com/attachme...1&d=1434525273
AB=CD completed later, but first 'C' point was erased.

In our case this new low can be the new 'C' point, and 'D' point is still over 1.131xx (over the 3 main top in October -> stop cluster)
f(z)=z2+c
  • #1,030,406
  • Oct 7, 2015 10:04am Oct 7, 2015 10:04am
Quoting hathor
{quote} Yes, but if you watch the pair carefully, than you can see nowadays it's favorite habit is to ruin AB=CD traders with a new 'C' point (new low before heading to 'D').....right now I would like to see a new high, but first 1.124xx (fib 50% retracement) has to go. From now on...I don't want to see new intraday low. Like here: http://www.forexfactory.com/attachme...1&d=1434525273 AB=CD completed later, but first 'C' point was erased.
True, often a new HH/LL on H1 before general H1 trend continues. It is hard to deal with it.
Fix up, trade sharp ...
  • #1,030,407
  • Oct 7, 2015 10:15am Oct 7, 2015 10:15am
Quoting Hickson
{quote} True, often a new HH/LL on H1 before general H1 trend continues. It is hard to deal with it.
It will be not as hard if you find some kind of order/harmony in it....but the hardest part is to forget everything, that books and lessons told you.
My main concept: forex is nothing else, just a method for some person to take the money from a lot of people. The only way it can be profitable is to teach the mass how not to trade (~ how to lose).
f(z)=z2+c
  • #1,030,408
  • Oct 7, 2015 10:26am Oct 7, 2015 10:26am
Now we talking...and they tried to scare us
  • #1,030,409
  • Oct 7, 2015 10:30am Oct 7, 2015 10:30am
Classic, equities down when there is no news
COT: The precious data ignored
  • #1,030,410
  • Oct 7, 2015 10:31am Oct 7, 2015 10:31am
Anyone shorting Oil, some good pips there as well.
  • #1,030,411
  • Oct 7, 2015 10:39am Oct 7, 2015 10:39am
Quoting hathor
{quote} It will be not as hard if you find some kind of order/harmony in it....but the hardest part is to forget everything, that books and lessons told you. My main concept: forex is nothing else, just a method for some person to take the money from a lot of people. The only way it can be profitable is to teach the mass how not to trade (~ how to lose).
Hathor, I think you are too devious sometimes. Why couldn't this last EU low of 1211 just be the completion of the ABCD down on the 1H (1284-1222 & 1173-1211)? The 1H macd was/is still heading down (but looks to be changing in an hour or two if current price holds).
defense wins championships
  • #1,030,412
  • Edited 10:54am Oct 7, 2015 10:42am | Edited 10:54am
Quoting seemoore
{quote} Hathor, I think you are too devious sometimes. Why couldn't this last EU low of 1211 just be the completion of the ABCD down on the 1H (1284-1222 & 1173-1211)? The 1H macd was/is still heading down (but looks to be changing in an hour or two if current price holds).
Yes, maybe I am. But I'm much more better in trading since I changed my concept. So maybe it's just an illusion, but I don't care. On the other hand...I will never know if I'm right or wrong in this question.
By the way...AB=CD: one of my favorite. Easy and simple. But:
- sometimes it not reach 'D' point
- sometimes it reach 'D' point to the pipette
- sometimes it goes further to 127% extension
- sometimes it goes further to 161% extension
- sometimes it does not stops at all at 'D' point

Just like patterns: bullish can turn into a bearish with the last move before completion...and vice versa.
There are explanation for everything. And than you think you learned the lesson until you meet the next lesson. And the next....
f(z)=z2+c
  • #1,030,413
  • Oct 7, 2015 10:44am Oct 7, 2015 10:44am
Quoting Ken A
{quote} Yep, still short crude. UCAD short from last week. IIRC, yesterday said won't short AU and NU Note: CAD, AUD and NZD are usually in the same direction for different reasons {quote} OIL a.k.a crude
Ready to ride crude off into the sunset

looking for 44/43....if 47s dont turn into a HH

Or some pipeline explosions
  • #1,030,414
  • Oct 7, 2015 10:44am Oct 7, 2015 10:44am
Quoting Ken A
{quote} Yep, still short crude. UCAD short from last week. IIRC, yesterday said won't short AU and NU Note: CAD, AUD and NZD are usually in the same direction for different reasons {quote} OIL a.k.a crude
I'm a bit curious why u short crude and UCAD at the same time Ken :-? arent they against each other
  • #1,030,415
  • Oct 7, 2015 10:50am Oct 7, 2015 10:50am
Quoting hathor
{quote} Yes, maybe I am. But I'm much more better in trading since I changed my concept. So maybe it's just an illusion, but I don't care. On the other hand...I will never know if I'm right or wrong in this question.
Fair enough. If it works for you, then great. Regardless, I enjoy reading your dark view. I'm waaaaayyy too optimistic, so it's a nice counter for my thinking.

For me, the move in progress is more about a gradual increase of the 4H 20ma, so retests on that line are to be expected as a way to push up the upper BB---which is a psychological level helping us statistically to see what is viewed as 'high' and 'low', that induces trades in & out of the pair. I now have 3 ABCD targets all over 1318. So, if it's not due to your devious view reasons (which certainly may be correct), it could also just be a reflection of the public's view of the global economy (worsening), credit risks (rising), US economy not as strong as hoped/believed, etc.

I'm still buying dips here. Taking profits when I see them. Best of luck.
defense wins championships
  • #1,030,416
  • Oct 7, 2015 10:50am Oct 7, 2015 10:50am
Quoting Ken A
{quote} Yep, still short crude. UCAD short from last week. IIRC, yesterday said won't short AU and NU Note: CAD, AUD and NZD are usually in the same direction for different reasons {quote} OIL a.k.a crude
Hope it drops even more, but i'd rather trade CAD than oil, too volatile to me
COT: The precious data ignored
  • #1,030,417
  • Oct 7, 2015 11:01am Oct 7, 2015 11:01am
Quoting Kribstreet
{quote} thank you but not sure looking at it this oil keeps pumping lets see its 2 pips from my safe SL at 1.29940 very close . BEARS BEING QUITE STRONG stopped out

me 2. After the U-turn i erased my loss and made a nice profit. But the worse part is i took some risks which pisses me of. No more trading for today and perhaps tomorrow
persistence and determination alone are omnipotent
  • #1,030,418
  • Oct 7, 2015 11:05am Oct 7, 2015 11:05am
Quoting Ken A
{quote} No volatility = flat = no money
There is volatility...and there is Oil

I'd rather stick to currencies, but all good if you can make money with oil
COT: The precious data ignored
  • #1,030,419
  • Oct 7, 2015 11:11am Oct 7, 2015 11:11am
Quoting kuroro001
{quote} There is volatility...and there is Oil I'd rather stick to currencies, but all good if you can make money with oil
Oil reminds me of the price of stocks in late 1990's (early internet phase), and where there is big movements.
  • #1,030,420
  • Oct 7, 2015 11:13am Oct 7, 2015 11:13am
target is .7525
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Be hopeful in a winning position, and fearful in a losing position.
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