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  • #1,054,801
  • Edited 10:52am Feb 5, 2016 10:20am | Edited 10:52am
Seems to be heading back to 1.1202.....might be a sell at 1.3878 for USDCAD..

edit......its 1.1202 or 1.1077.......(with a close around 1.1118?)
  • #1,054,802
  • Feb 5, 2016 10:21am Feb 5, 2016 10:21am
Quoting gatorinla
{quote} someone beat me to it. btw just because we go lower. does not mean there will not be any long setups along the way. some of us, use these as a new entry point to get in on a trend. for instance i dont say long here. i do say u may have a chance to enter 1175.. but i dont have it as a target. i do have a R at 1182. so any bounce may put those short stops below 1175 in jeopardy st.. but its not a target
True that. I am long now. Ill see how that plays out
  • #1,054,803
  • Feb 5, 2016 10:25am Feb 5, 2016 10:25am
Looks like a inverted head and shoulders pattern to me on the USDX or I might be stupid 50/50
  • #1,054,804
  • Feb 5, 2016 10:26am Feb 5, 2016 10:26am
Quoting goldfinch
{quote} you can add another one to a USB port. Hardware is cheap. Forego your next holiday and invest that money in a decent setup. Skip the pub for 6 months and put the cash in your hardware kitty.
I am seriously considering it. Probably will get at least one more (maybe two if budget allows).
In other news: A ranger was trapped between a bull and a bear
  • #1,054,805
  • Feb 5, 2016 10:26am Feb 5, 2016 10:26am
DAX almost at critical levels...
  • #1,054,806
  • Feb 5, 2016 10:26am Feb 5, 2016 10:26am
dax made a LL.. it may help eu rise some or slow fall.. possible dead cat to 10857ish on dax at some point before large drop completes.
those who can, do. those who cant, talk about those who can
  • #1,054,807
  • Feb 5, 2016 10:30am Feb 5, 2016 10:30am
Quoting gatorinla
dax made a LL.. it may help eu rise some..
make or break
Quoting edyraper
{quote} checked out weekly dax imho it's not looking bullish ... {image}
  • #1,054,808
  • Feb 5, 2016 10:32am Feb 5, 2016 10:32am
Quoting goldfinch
{quote} 20 quid on ebay for another monitor, you don't need a big/expensive one, a 19 Inch will do.
No kidding. Last 19 incher I bought was still in the $100 range... havent checked prices lately. Definitely getting two if I get it for 20 quid each.
In other news: A ranger was trapped between a bull and a bear
  • #1,054,809
  • Feb 5, 2016 10:37am Feb 5, 2016 10:37am
Quoting goldfinch
{quote} http://www.ebay.co.uk/itm/Cheap-HP-L...AAAOSwv-NWZB5h http://www.ebay.co.uk/itm/DELL-E197F...kAAOSwFqJWsd4k http://www.ebay.co.uk/itm/HP-L1940T-...0AAOSwuYVWonJY
No more excuses!
In other news: A ranger was trapped between a bull and a bear
  • #1,054,810
  • Feb 5, 2016 10:40am Feb 5, 2016 10:40am
Quoting Freelve
{quote} True that. I am long now. Ill see how that plays out
its not normal times.. euro as a funding currency adds another unknown to euro.. gbp may be better now. because the euro has this added equity volatility pressure. st a LL sets up 0961... but a LL should bounce sometime before 0961 to current 1136 level.. today is already beyond adr.. 1140 may be a s/r.. ny closing below 1140 is probably more bearish, less bullish today.
those who can, do. those who cant, talk about those who can
  • #1,054,811
  • Feb 5, 2016 10:41am Feb 5, 2016 10:41am
Closes above 50 invalidate
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  • #1,054,812
  • Feb 5, 2016 10:41am Feb 5, 2016 10:41am
Quoting goldfinch
{quote} H2/4/6/8/12/D1/2/W for intermediate trends, and the lower ones for entry, consolidation and exit. The middle ones for intra/interday levels. You need to keep an eye on the bigger picture to trade intraday accurately. You can't scalp the M1 if you don't know what is going on on the H4 Right now the lower TF's are consolidating but the 15/30 will keep them from going below the low here, so there would be no trade, hence me covering earlier at 1110 Any breakout North can't be traded either as the H1/2/4 are still looking for lower so we are...
in order to have all the TF in one direction you really need alot of time and patience.
  • #1,054,813
  • Feb 5, 2016 10:45am Feb 5, 2016 10:45am
dollar dropping almost acrross tthe board except euro AND GBP, lol
  • #1,054,814
  • Feb 5, 2016 10:57am Feb 5, 2016 10:57am
Quoting tankokjian
dollar dropping almost acrross tthe board except euro AND GBP, lol
Not sure what do you mean by dollar dropping? It's been going up since eight in the morning.
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  • #1,054,815
  • Feb 5, 2016 11:12am Feb 5, 2016 11:12am
Quoting gatorinla
{quote} i may again 4362 ish. no harm no foul if it dont drop first. i dont have a target there or much of a reason. other than i dont trade a b/o w/o a retrace first. most of the time. some have eu as a HH. i have it as a retrace w/o b/o... if i was dead set on a eu long. i would wait for 0788ish or less w/o a break of 0518 low.
since employment was better.. i am going to wait longer to start on gu.. 4224 area..(4224/4077) no trade is still no harm no foul. target 5256.
typo, it should be 4372. 4372 still ok, but stronger usd is more likely to get closer to low, i can place a bigger trade with less risk closer to 4077
those who can, do. those who cant, talk about those who can
  • #1,054,817
  • Feb 5, 2016 11:22am Feb 5, 2016 11:22am
Quoting tankokjian
dollar dropping almost acrross tthe board except euro AND GBP, lol
Who says dollar only climbing against EUR and GBP? News is your friend. Catch the frequency. cut your losses short and keep adding to your profits.
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Forex; the game of movements not the game of candles.
  • #1,054,818
  • Feb 5, 2016 11:24am Feb 5, 2016 11:24am
Quoting gatorinla
{quote} unemployment is never 0, it's about as good as it gets. low rate and some wage inflation. it's in the figures. deny them curse them or spit at em. fed chance of rise moved up a notch

I can speak from personal experience when I say... Employment can indeed be zero
Just for clarification, it's a model of changes in an employment index, not a direct measure of the underlying data.
It's there simply to help me build a fundamental bias, along with growth, inflation etc. The weighting of that data changes over time based on a behavioral model which spits out a forecast. The technical and algo portions act as feed-back loops that trigger entry into the bias.
When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #1,054,819
  • Feb 5, 2016 11:27am Feb 5, 2016 11:27am
You buy something when its relatively cheap, and sell something when relatively expensive... you dont buy something thats all ready increased in price.

Picking a top is selling on the top of a candle before you see any evidence.. Picking the right place to sell when you see evidence and setting your stoploss in case you are wrong
  • #1,054,820
  • Feb 5, 2016 11:29am Feb 5, 2016 11:29am
We might be looking at the beginnings of the new range in the E/U. See how it plays out Monday and Tuesday.
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When you hit 50, coffee becomes part of a proper modeling pipeline.
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