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  • #1,051,621
  • Jan 21, 2016 2:49pm Jan 21, 2016 2:49pm
Hmm I was expecting maximum retrace to 1.0876 from the big drop, but not sure about entering short at this point. Tomorrow morning Mario again... I guess I'll go to sleep now.
  • #1,051,622
  • Jan 21, 2016 2:52pm Jan 21, 2016 2:52pm
Weekly
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  • #1,051,623
  • Jan 21, 2016 2:59pm Jan 21, 2016 2:59pm
Quoting 3Davy
{quote} Maybe we see some new highs on euro but only because they want to sell at better price. Keep shorting euro to parity,thats my forcast. I will be a happy man.
Couldn't you say the same about new lows and buyers looking to buy at a better price? Seems like circular logic
  • #1,051,624
  • Edited 3:22pm Jan 21, 2016 3:09pm | Edited 3:22pm
ny closed above 0859/68 after being below. a rejection..with a 110 pip wick. ny close looks to be higher than the start of dragis speech.
personally, i aint feeling the love others have for parity atm.. equities did move up some. i never thought it would be a straight line w/o bounces. still not looking for a short i can hold very long w/o 1086 1115 or higher being hit. not sure on how china will react to today's equity bounce. i do know i have uj with 2 valid targets 114.95 and lower. i do know getting to 114.95 will set up 106.xx on uj.. and if this is correct, eu may go much higher. usdx agrees on my chart. so i may wait to short eu above 1.11xx. ypp at 1145 as well as 1.2470 is a valid target.
those who can, do. those who cant, talk about those who can
  • #1,051,625
  • Jan 21, 2016 3:12pm Jan 21, 2016 3:12pm
Quoting Pharm0r
{quote} Do you really think you are the "Son of God", that the Rothchilds are after you, and that the 9/11 attacks were a blood sacrifice to satan via Bill Gates? wtf am I reading. I have absolutely no doubt in my mind you'd burn through $90k in one week.
His TE says live account. Apparently he was up to $123k at max. From $28k that's incredible, especially in 2 months.
He already hit his 500% profit target (or close to it). Then he went and lost everything in one week.

Apparently it's not so "stable" after all.


I mean he bought USDCAD at 1.4677 and is still holding long... that's not trading.

He got lucky plain and simple. Ridiculous leverage and no stop losses.. Lol
Be hopeful in a winning position, and fearful in a losing position.
  • #1,051,626
  • Jan 21, 2016 3:14pm Jan 21, 2016 3:14pm
Quoting Goldflake
{quote} To me, It is noise..this box is not tradable for me atleast... {image}
With a wick that strong I would say it's at least 80% probability to hit at least 0970 before (if) it goes below 0780...

Its completely tradeable
Be hopeful in a winning position, and fearful in a losing position.
  • #1,051,627
  • Jan 21, 2016 3:16pm Jan 21, 2016 3:16pm
Quoting gatorinla
ny closed above 0859/68 after being below. a rejection..with a 110 pip wick. ny close looks to be higher than the start of dragis speech
do u think they will buy DAX with more expensive EUR?
money ain't shit,i'm the shit..
  • #1,051,628
  • Jan 21, 2016 3:16pm Jan 21, 2016 3:16pm
Account down $90K this week. oh well. It's just a drawdown. Looking to be above $1M in a year.
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Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,051,629
  • Jan 21, 2016 3:18pm Jan 21, 2016 3:18pm
Quoting Goldflake
{quote} I know why you have target around 1.2470.. I too looked @ upside just few days ago and the target is around 1.2335/40 but it won't happen... If 1.23/24 supposed to hit, then 0.35 also needs to be touched which just can't happen within time frame...may be u know what i'm talking about... In this cycle, anything above 1.15 is not possible..just my view...
Above 1.15 is certainly possible, we traded there one year ago and also 6 months ago.

3 years ago you would have people saying "near parity isn't possible"

perspective.
Be hopeful in a winning position, and fearful in a losing position.
  • #1,051,630
  • Jan 21, 2016 3:18pm Jan 21, 2016 3:18pm
Quoting gatorinla
ny closed above 0859/68 after being below. a rejection..with a 110 pip wick. ny close looks to be higher than the start of dragis speech
gator,

you still targeting .0917/20 or .0930 or even .096X before another move to .07XX handle (.075X)?

I am still looking for .108X before a stronger short and thought I missed the boat entirely today......you are better at the tennis match and I am trying to position with FA and TA.
  • #1,051,631
  • Jan 21, 2016 3:19pm Jan 21, 2016 3:19pm
Quoting rahulkghosh
Account down $90K this week. oh well. It's just a drawdown. Looking to be above $1M in a year. {image}
"just a drawdown"...

actually it isn't "just a drawdown", your broker will close those trades soon.


my advice to you...

tighter stop losses, less leverage, and don't manage so many different markets
Be hopeful in a winning position, and fearful in a losing position.
  • #1,051,632
  • Jan 21, 2016 3:20pm Jan 21, 2016 3:20pm
Quoting rahulkghosh
Account down $90K this week. oh well. It's just a drawdown. Looking to be above $1M in a year. {image}
1st of all i really appreciate your courage..but I just wonder, why would you ever long USDTRY at 3.04 and EURGBP at 0.77? I mean I would understand if you did so at 3.00 and 0.755 but why these levels?
money ain't shit,i'm the shit..
  • #1,051,633
  • Jan 21, 2016 3:22pm Jan 21, 2016 3:22pm
Quoting Rag2RichesFX
{quote} Above 1.15 is certainly possible, we traded there one year ago and also 6 months ago. 3 years ago you would have people saying "near parity isn't possible" perspective.
im all short against EUR but I agree with you, everything is possible
money ain't shit,i'm the shit..
  • #1,051,634
  • Jan 21, 2016 3:28pm Jan 21, 2016 3:28pm
Quoting rahulkghosh
Account down $90K this week. oh well. It's just a drawdown. Looking to be above $1M in a year. {image}
Dude you're are crazy. But we have the same target as I see, only for me it is 10 years. Not playing it so aggressive and hope I will never do.
Anyways I wish you luck! (because you will need)
buying tops / selling bottoms
  • #1,051,635
  • Jan 21, 2016 3:29pm Jan 21, 2016 3:29pm
Quoting roadtogo
{quote} 1st of all i really appreciate your courage..but I just wonder, why would you ever long USDTRY at 3.04 and EURGBP at 0.77? I mean I would understand if you did so at 3.00 and 0.755 but why these levels?
He's also long NZDJPY and short AUDJPY... lol no point
Be hopeful in a winning position, and fearful in a losing position.
  • #1,051,636
  • Jan 21, 2016 3:34pm Jan 21, 2016 3:34pm
Quoting roadtogo
{quote} do u think they will buy DAX with more expensive EUR?
it's little to do with eu value. its people who bought china over the past decade are selling those stocks/investments. when they do, the ones bought with euros or yen seem to be the majority. it has nothing to do with yen being safe haven or whatever. yen is been used for funding longer with its cheap borrowing cost. when those euros and yen are brought home. do to people wanting to not risk further china market drop. it increases those who were funding, demand in that currency. the yen has been used longer and the yen points to china crashing further. if china crashes further, it will make euro stronger.. just the opposite of what dragis wants.. that's why dragis is trying to get ahead of the wave. he can't stop it, but he may slow it. more easing will just set the euro up for the next future funding crash. uj was 5000 pips above a normal retrace.. it can drop much further than present levels
those who can, do. those who cant, talk about those who can
  • #1,051,637
  • Jan 21, 2016 3:39pm Jan 21, 2016 3:39pm
Quoting roadtogo
{quote} 1st of all i really appreciate your courage..but I just wonder, why would you ever long USDTRY at 3.04 and EURGBP at 0.77? I mean I would understand if you did so at 3.00 and 0.755 but why these levels?
I've been long them for over a month and intend on holding for longer periods. EURGBP can go to parity, EUR/TRY to 4.0.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,051,638
  • Jan 21, 2016 3:41pm Jan 21, 2016 3:41pm
Quoting voty
{quote} Dude you're are crazy. But we have the same target as I see, only for me it is 10 years. Not playing it so aggressive and hope I will never do. Anyways I wish you luck! (because you will need)
In 10 years I'll be at $30B+.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,051,639
  • Jan 21, 2016 3:42pm Jan 21, 2016 3:42pm
Quoting Rag2RichesFX
{quote} "just a drawdown"... actually it isn't "just a drawdown", your broker will close those trades soon. my advice to you... tighter stop losses, less leverage, and don't manage so many different markets
even on a demo?
If this is real money, he'll lose a million before he get's close to making a million. I've watched dozens, if not hundreds of these guys come and go on this site and others over the years. Is there anyone out there right now who would really take this dude serious with his "30%" a year management fee? It's just a drawdown. Not when it's your clients hard earned money it's not.

Billion dollars in five years... my sides.
When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #1,051,640
  • Jan 21, 2016 3:43pm Jan 21, 2016 3:43pm
Quoting rahulkghosh
{quote} In 10 years I'll be at $30B+.
You must be trollin' no way you believe that... this has to be FX bait.
When you hit 50, coffee becomes part of a proper modeling pipeline.
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