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EURUSD

  • #1,045,241
  • Edited Dec 17, 2015 12:14am Dec 16, 2015 11:21pm | Edited Dec 17, 2015 12:14am
Pending BUY
Cancelled
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A good trader follows his rules, but great trader knows when to break them
  • #1,045,242
  • Dec 17, 2015 12:01am Dec 17, 2015 12:01am
closed eur and chf short.
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don't predict direction, but dance with flow of water
  • #1,045,243
  • Dec 17, 2015 12:05am Dec 17, 2015 12:05am
Quoting priceaction1
closed eur and chf short. {image} {image}
nice!!...............more to go!
  • #1,045,244
  • Dec 17, 2015 12:10am Dec 17, 2015 12:10am
Good Night... I think I sleep until 15:00 or so now unless I want to get up earlier.. these winter beers are nice and warm.. even when only having a couple. Ended the night with a nice long EN win, so I am closing down for tonight. I will not be able to hold back the anticipation of turning on my computer once I do decide to get out of bed, and seeing how things held up to the charts I posted tonight.... I hope I don't see any of you laying out there wounded or dead on tonight's battlefield.
"Keep your eyes on the helpers" - Mr. Rogers
  • #1,045,245
  • Dec 17, 2015 12:29am Dec 17, 2015 12:29am
morning
scalp long UJ 6 for 70 @122.346
Time is your friend; impulse is your enemy.
  • #1,045,246
  • Dec 17, 2015 12:56am Dec 17, 2015 12:56am
saw something on my way to closing up charts and thought....... let's see what happens with this trade between today and tomorrow.......

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"Keep your eyes on the helpers" - Mr. Rogers
  • #1,045,247
  • Dec 17, 2015 1:04am Dec 17, 2015 1:04am
Quoting ktoTam
morning scalp long UJ 6 for 70 @122.346
s/o
Time is your friend; impulse is your enemy.
  • #1,045,248
  • Dec 17, 2015 1:08am Dec 17, 2015 1:08am
Potential shorting level
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  • #1,045,249
  • Dec 17, 2015 1:11am Dec 17, 2015 1:11am
Quoting MaxDoom
Potential shorting level {image}
yep, large pending short @ 1.0890.........will short more if it wants to move into 1.09xx....I think london will end with LL and US will make LL..........lets see
  • #1,045,250
  • Dec 17, 2015 1:13am Dec 17, 2015 1:13am
Quoting damonl
saw something on my way to closing up charts and thought....... let's see what happens with this trade between today and tomorrow....... {image}
Nice

Btw I'm newbie, i want to ask how much should be suitable for newbie like me to start trading? The feeling of losing money is so crucial, that's why if i start with too much money then after i lost few then will be very frustrated
  • #1,045,251
  • Dec 17, 2015 1:14am Dec 17, 2015 1:14am
Quoting Patient1
{quote} yep, large pending short @ 1.0890.........will short more if it wants to move into 1.09xx....I think london will end with LL and US will make LL..........lets see
looking to add sell at 1.0950 if it reaches there
Forex Learner
  • #1,045,252
  • Dec 17, 2015 1:14am Dec 17, 2015 1:14am
remember EU is still be in a bear trend...
The FED is getting more hawkish and ECB more Dovish making EU a bear market taking into account interest rates now further differentiated.


This from yesterday morning:
1) Why will prices be volatile today?
Lack of volume TICK
the answer is no more complicated than that, when volume disappears price can travel greater differences for less transacted volume

2) What is the current market expectation from the FED today?
Hawkish statement and a rate hike TICK although a little less hawkish

3) What will happen to EU if Fed increase interest rates today by 25 basis points?
EU bear trend continues TICK <<--------------------- PAY ATTENTION TO THIS

4) Would a rate rise today be good for equities?
Probably TICK equities rallied
Normally a rate rise can hurt business as it increases cost of borrowing etc but the rise will be small and it will send a clear signal that conditions are improving which would likely result in positive investor sentiment towards equities
  • #1,045,253
  • Dec 17, 2015 1:19am Dec 17, 2015 1:19am
I'd like to try some shorts near 1.0928 if the chance presents itself...CHF at some decent R right now, so maybe we see a bounce.....admitedly it would have been more favorable for bears had 1.0795 been taken out...
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Look Sharp/Trade Tight
  • #1,045,254
  • Dec 17, 2015 1:20am Dec 17, 2015 1:20am
Quoting Patient1
{quote} yep, large pending short @ 1.0890.........will short more if it wants to move into 1.09xx....I think london will end with LL and US will make LL..........lets see
what is large?
  • #1,045,255
  • Dec 17, 2015 1:23am Dec 17, 2015 1:23am
Quoting MaxDoom
remember EU is still be in a bear trend... The FED is getting more hawkish and ECB more Dovish making EU a bear market taking into account interest rates now further differentiated. This from yesterday morning: 1) Why will prices be volatile today? Lack of volume TICK the answer is no more complicated than that, when volume disappears price can travel greater differences for less transacted volume 2) What is the current market expectation from the FED today? Hawkish statement and a rate hike TICK although a little less hawkish 3) What will happen...


absolutely, will add; the fed reasoning for raising rates, the risk to the downside (policy still accomodative) is less than the shock of having to raise quickly due to rapid onset of inflation......this tells me fed likely to stick to dot plot (unless data is horrendous)........we got one raise out of the way..no market capitulation............which says we gonna start to partially price in next year rate hikes.......euro just announeced extended qe, traders finally digesting new info.....we going down!!
  • #1,045,256
  • Dec 17, 2015 1:24am Dec 17, 2015 1:24am
Quoting MaxDoom
{quote} what is large?
lol.....large relative to my acct!!! prob not urs
  • #1,045,257
  • Dec 17, 2015 1:27am Dec 17, 2015 1:27am
Quoting Patient1
{quote} lol.....large relative to my acct!!! prob not urs
fair enough

DAX initially dipped on open but gave a pivot trade currently +56
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  • #1,045,258
  • Dec 17, 2015 1:28am Dec 17, 2015 1:28am
Quoting MaxDoom
{quote} fair enough DAX initially dipped on open but gave a pivot trade currently +56 {image}
I'm however really confident in 1.0750 and think 1.0600 is likely
  • #1,045,259
  • Dec 17, 2015 1:35am Dec 17, 2015 1:35am
Quoting MaxDoom
{quote} fair enough DAX initially dipped on open but gave a pivot trade currently +56 {image}
hi, what was your initial risk on this baby?
Fix up, trade sharp ...
  • #1,045,260
  • Dec 17, 2015 1:35am Dec 17, 2015 1:35am
Quoting MaxDoom
remember EU is still be in a bear trend...
I agree, and all makes perfect sense. But I'm still stunned by the reaction to Draghi 2 weeks ago. It seemed way over-exaggerated, given that he lowered deposit rates to the expected rate. I realise he didn't 'use any of the other tools available in his box', and the market thought he might/could. But I mean, was a 350/400 pip move 'acceptable', based on that? (One can probably tell I'm one of those that was caught short!!).

I also realise there had been a massive bear trend in place for the previous 6 weeks, in which the pair lost 900 odd pips, and maybe a correction/retrace was due, but that move was far more than a correction, given its intensity.

Overall, I guess hopefully divergent CB policies will rule the day for this pair. Hopefully we can take that previous rally with a pinch of salt and accept it as 'one of those things'. In which case fundi analysis and common sense says that things can only go lower from here. All that's needed is a best entry!!
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