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  • #1,049,161
  • Jan 8, 2016 10:59pm Jan 8, 2016 10:59pm
By the way, anybody out there look into Aussie and Kiwi? I believe commodities will be rebounding soon, and expecting Aussie will bounce soon. Looking for a bounce area next week.
  • #1,049,162
  • Jan 9, 2016 1:48am Jan 9, 2016 1:48am
offshore yuan perhaps found temporary support on the daily on a retest and rejection of 6.73 area
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #1,049,163
  • Jan 9, 2016 1:49am Jan 9, 2016 1:49am
Quoting ChinaTraderz
{quote} Finally, I saw someone have same point of view with me. I am expecting 1.12-1.17 area, soon and very soon.
2-3 weeks for 1.1255 and 10-12 weeks for 1.1650 my prediction

could be much quicker, but trying to stay realistic

as we know EU went 1.10 to 1.17 in 4 days in August
Be hopeful in a winning position, and fearful in a losing position.
  • #1,049,164
  • Jan 9, 2016 1:58am Jan 9, 2016 1:58am
Quoting Rag2RichesFX
{quote} Whether it's short covering to take profits, or genuine speculative long EUR positions... it really doesn't matter... the result is a higher EURUSD. If it is to go to parity it will probably need to go higher first to entice people to sell.. because 1.05-1.07 is nearly the same as 1.00
i agreed with you on this point. on my personal view before the 1st quarter of this year, the price may reach below 1.2.
keep it simple
  • #1,049,165
  • Jan 9, 2016 1:59am Jan 9, 2016 1:59am
Good morning from London.

I wondered if anyone had opinions on position averaging vs a multi position strategy. I ask because over the last few days I managed to get myself into 2 pretty deep holes while trialling averaging. I WANT to use averaging as it makes my blotter a much calmer place - but wondered if I should stick to what I 'know' and what's kept my book positive.

Does anyone have any opinions? Thanks in advance.

M
Focus.
  • #1,049,166
  • Jan 9, 2016 2:10am Jan 9, 2016 2:10am
as long as eur usd above 1.082 I am bullish.
  • #1,049,167
  • Jan 9, 2016 3:01am Jan 9, 2016 3:01am
Quoting ChinaTraderz
{quote} Finally, I saw someone have same point of view with me. I am expecting 1.12-1.17 area, soon and very soon.
But its a good thing (there are just a few except us), thinking against retailers makes sense most of the time. The majority still in sell, I belive it will change when the pair shows obvious bullish signs (like reaching your target). Check my previous posts if you're in the mood, there I posted the reasons, why I'm super bull since 6th of Jan.
f(z)=z2+c
  • #1,049,168
  • Jan 9, 2016 3:21am Jan 9, 2016 3:21am
For me it is wise to search only for buy opportunities as it didn't break the 2000/2001 trend line. My sentiment may convert to bearish if it breaks and closes under 1.03.

Monthly charts don't lie
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 35 KB
  • #1,049,169
  • Jan 9, 2016 3:28am Jan 9, 2016 3:28am
Quoting Rag2RichesFX
{quote} 2-3 weeks for 1.1255 and 10-12 weeks for 1.1650 my prediction could be much quicker, but trying to stay realistic as we know EU went 1.10 to 1.17 in 4 days in August
I have been reading your last handful of posts and thank you for all the info. i rode the EU down and cashed out @ 1.0800. My opinion was this was a "Dead cat" bounce because of the Bear trend. What is Your opinion of this being a Dead cat bounce? i get the impression you believe this current rise is going to continue.
Thanks in advance for you response.
  • #1,049,170
  • Jan 9, 2016 3:33am Jan 9, 2016 3:33am
Quoting Marco-Kanto
Good morning from London. I wondered if anyone had opinions on position averaging vs a multi position strategy. I ask because over the last few days I managed to get myself into 2 pretty deep holes while trialling averaging. I WANT to use averaging as it makes my blotter a much calmer place - but wondered if I should stick to what I 'know' and what's kept my book positive. Does anyone have any opinions? Thanks in advance. M
I am only a 2.5 year part time trader,but i am ahead. The best advice i got when i started was "Stick with what works" and experiment with new styles or "Systems" of trading on a demo account only.
Good luck
  • #1,049,171
  • Jan 9, 2016 3:39am Jan 9, 2016 3:39am
Quoting Undecided
For me it is wise to search only for buy opportunities as it didn't break the 2000/2001 trend line. My sentiment may convert to bearish if it breaks and closes under 1.03. Monthly charts don't lie {image}
but how long will it take to reach below 1.03? it tried its way last 2 months but unsuccessfull. for me, it will reach 1.2 this year by the end of 1st quarter.
keep it simple
  • #1,049,172
  • Jan 9, 2016 3:47am Jan 9, 2016 3:47am
Quoting hathor
Waiting for 1.1xxxx, than 1.2xxxx. Time will tell.
Viewer Discretion Is Advised.
With my current higher time frame signals, the map is the following for me (until opposite direction signals arrives):
Attached Image (click to enlarge)
Click to Enlarge Name: 2015_01_09_EurUsd_Weekly.png Size: 33 KB

In case of falling back, the closer I can buy to point 'C' (might even under it...), the happier I will be:
Attached Image (click to enlarge)
Click to Enlarge Name: 2015_01_09_EurUsd_Daily.png Size: 22 KB
f(z)=z2+c
  • #1,049,173
  • Edited 4:05am Jan 9, 2016 3:52am | Edited 4:05am
I was expecting 1.06 or below one more time. Thus, market this upper movement don't giving me so much confident it will go straight up. I am still expecting one lower again and after that only long long.....
Although if this upper force pass 1.1050 then their will be no hope for coming back at 1.06.....
  • #1,049,174
  • Jan 9, 2016 3:53am Jan 9, 2016 3:53am
Quoting hathor
{quote} Viewer Discretion Is Advised. With my current higher time frame signals, the map is the following for me (until opposite direction signals arrives): {image} In case of falling back, the closer I can buy to point 'C' (might even under it...), the happier I will be: {image}
Great, did you see my previous post?
  • #1,049,175
  • Jan 9, 2016 3:57am Jan 9, 2016 3:57am
Quoting Undecided
{quote} Great, did you see my previous post?
Not until now, but as I can see we share the same view. Time will tell.
f(z)=z2+c
  • #1,049,176
  • Jan 9, 2016 4:48am Jan 9, 2016 4:48am
Quoting gatorinla
std, later
What's std? Sexual transmitted disease?
  • #1,049,177
  • Edited 5:20am Jan 9, 2016 5:08am | Edited 5:20am
Quoting Rag2RichesFX
{quote} probably because he has millions in his real bank account. so it's okay for him to lose 20% of $300k (his profits are over 900k) i don't base my trades off anyone elses, i just follow his trade explorer because im curious to see how he does going forward also follow that FXviper guy who manages $3million... but the only trade he ever does is SHORT EURUSD... he doesn't know how to trade technically, he just sells EU with no stop loss and sells more if it goes higher. eventually when EU goes back to 1.2000, he's going to lose the account...
I have been following him from a year and have never seen any kinda of reckless trading. Also, he has agreed that days will come when Euro will start moving up and probably then he will start buying euro... His trading style is what sets him apart from the rest of us and why he is managing more than 3 mil.

Keep watching him, he is definitely gonna come out of it with positive retusns.

Moral of the story: Don't jump on to conclusion by seeing what you see..

ALL COOL...
Losers Hope, Winners Believe
  • #1,049,178
  • Jan 9, 2016 5:19am Jan 9, 2016 5:19am
Quoting Rag2RichesFX
{quote} his returns are consistent but he uses martingale strategy, so he could blow up the account. if he used that strategy to long when EUR fell 3500 pips he would have busted the account. lol, it's this kind of thinking that will get you into trouble EUR loses over 30% of its value and it's still a sell? unlikely. USA will go into recession with the dollar remaining this strong for years. everyone is a EURUSD bear... smart money will reverse this bitch to 1.1255 or possibly 1.1810, his account could be blown by that point my money is...
I am not sure if he is using Martingale strategy... The definition says something else... though he is adding new positions but certainly not the way people do using martingale strategy...
Losers Hope, Winners Believe
  • #1,049,179
  • Jan 9, 2016 6:02am Jan 9, 2016 6:02am
Three days ago everyone hes spoken only about 1.06 and now about 1,12 and more....it could go up but this "balistic" move isnt very normal!
  • #1,049,180
  • Jan 9, 2016 6:17am Jan 9, 2016 6:17am
Okay so after starting the day off good yesterday, it ended up very badly for me. I am going to try something next week where i will have very tight stop losses and look for Highs and double highs/lows of the day and risk 2% of my account looking for only 20 pips, I know this is very risking and low success rate but it can be done, if anyone has any tips or trades they think may work please let me know and ill let you know how they get on - Looking to make around 20% next week alone.
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