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  • #1,065,541
  • Edited 2:22pm Apr 29, 2016 1:51pm | Edited 2:22pm
There will be a sad story about traders who are selling the falling US stocks and buying EUR that will fall down on Monday...
Stock traders say "go to cash to avoid the crash" but the question is in which currency to keep the cash. I think it is not the best idea to keep it in currency which is on its peak.
The guys from ECB will have a look at the EURUSD chart and they will say "It seems there is a shortage of EUR. Let's print some." :-) Especially when the eurozone inflation is decreasing.
Patience is a key to joy.
  • #1,065,542
  • Apr 29, 2016 2:17pm Apr 29, 2016 2:17pm
Quoting TeddyBearish
There will be a sad story about traders who are selling the falling US stocks and buying EUR that will fall down on Monday...
Very interesting, you can predict the future. I have so many questions...
  • #1,065,543
  • Apr 29, 2016 2:53pm Apr 29, 2016 2:53pm
Quoting Fxworld
{quote} Very interesting, you can predict the future. I have so many questions...
I suppose you should find some answers here: https://www.ecb.europa.eu/press/acco...160407.en.html
Patience is a key to joy.
  • #1,065,544
  • Apr 29, 2016 2:54pm Apr 29, 2016 2:54pm
Quoting Rag2RichesFX
Lost 200k in 1 night. BOJ.... My worst trade ever. Now up 1.1m for 2016. Bought lower, this time triple the size, 225 lots @ 107.22 Target 110.50 (675k profit if none of positions are stopped) One 75 lot stop is at 107.00 (risk 15k) One 75 stop is at 105.88 (about 85k risk) the other 75 is stop at 103.98 (about 230k risk) Another 50 lots pending at 106.40 stop 105.88 (risk 25k) This SHOULD be close to the bottom. Based on techs. But BOJ momentum could make this go deeper. So do your own due diligence. {image}
"One 75 lot stop is at 107.00 (risk 15k)" stop
"One 75 stop is at 105.88 (about 85k risk)"
"the other 75 is stop at 103.98 (about 230k risk)"
"Another 50 lots pending at 106.40 stop 105.88 (risk 25k)" pending filled

very probably week will open with gap down.hedge is a good tool
  • #1,065,545
  • Apr 29, 2016 4:24pm Apr 29, 2016 4:24pm
wow. EURUSD looks like it wants to go above 120.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,065,546
  • Apr 29, 2016 4:41pm Apr 29, 2016 4:41pm
hi.. ...I had no chance to do trading this week... hopefully...I can do it next week.
This pic: is my hunch for next week/next month...

Wish you all a wonderful weekend!
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  • #1,065,547
  • Apr 29, 2016 8:37pm Apr 29, 2016 8:37pm
Germany, China and Japan placed on forex watch list by U.S. for unfair practices... lol
  • #1,065,548
  • Edited 12:26am Apr 30, 2016 12:15am | Edited 12:26am
Quoting Carneiro
Good weekend for all {image} {image}
Compliments! Ok, guys. It's time to fill your long term selling orders
Attached Image (click to enlarge)
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Member
  • #1,065,549
  • Apr 30, 2016 1:39am Apr 30, 2016 1:39am
Quoting TeddyBearish
{quote} I suppose you should find some answers here: https://www.ecb.europa.eu/press/acco...160407.en.html
Thank you for the link, never heard of ECB before. I just don't understand why on Monday? The link you post doesn't say anything about eur going down on Monday. I strongly believe you have some kind of magic skill
  • #1,065,550
  • Apr 30, 2016 8:34pm Apr 30, 2016 8:34pm
Regardless there is money to be made, lets say charts go back down 1.13 or 1.12 money to be made. If charts go up to 1.150 and above, money is still be be made! Just a matter or making the right call.
  • #1,065,551
  • May 1, 2016 7:07am May 1, 2016 7:07am
Staying out for now.
  • #1,065,552
  • May 1, 2016 9:19am May 1, 2016 9:19am
Regardless there is money to be made, lets say charts go back down 1.13 or 1.12 money to be made. If charts go up to 1.150 and above, money is still be be made! Just a matter or making the right call.
  • #1,065,553
  • May 1, 2016 9:58am May 1, 2016 9:58am
Quoting MarkoTrd
Close all with a beautiful -18%, thank you motherfucker pair. Now it's time for me NEVER trade this shit again.
Sorry about your loss.
Just be aware that fundamentals play critical role in trading(very few cover this aspect of trading in FF)anticipation was further decline of USD after the Feds kept the rates unchanged and this after series of red economical data on US economy.
Hope you recover.Don't get into "revenge" mode and place hasty trades.Take your time.

Jesse Livermore perhaps greatest trader ever (local Massachusettian) after blowing his account worth hundreds of thousands borrowed 10k from a broker and spend 2months doing nothing but reading the tape (charts if you will at the time) and came back storming and gaining everything plus more.
Moral of the story is let the loss make you stronger and more focused.Nobody here at FF never lost money.Its part of trading
Good luck
In trading, you have to be defensive and aggressive at the same time
  • #1,065,554
  • May 1, 2016 12:19pm May 1, 2016 12:19pm
Hi,

Trading made simple.

EURUSD weekly below. I am BULLISH So we should be buying on dips NOT selling like many people are doing here. check out the "x". they are going higher, not lower.

The Arrows show longer term supply and demand and the spiked (SUPPLY) level shows the sellers have been washed out. we are making higher highs/lows on daily ("x"), so we should continue in that direction till price changes direction. will do follow up charts on LTF.

Till next time, wait for a pull back on 4 hour/daily then buy. Stick with the Trend..


Attached Image (click to enlarge)
Click to Enlarge Name: 1 EURUSD Weekly chart spike resistance none.png Size: 39 KB
Indicators only Indicate, Price action dictates.
  • #1,065,555
  • May 1, 2016 12:41pm May 1, 2016 12:41pm
Quoting joe123
Hi, Trading made simple. EURUSD weekly below. I am BULLISH So we should be buying on dips NOT selling like many people are doing here. check out the "x". they are going higher, not lower. The Arrows show longer term supply and demand and the spiked (SUPPLY) level shows the sellers have been washed out. we are making higher highs/lows on daily ("x"), so we should continue in that direction till price changes direction. will do follow up charts on LTF. Till next time, wait for a pull back on 4 hour/daily then buy. Stick with the Trend.. {image}

To help with my bullish conviction, USD in my view will be heading lower for the time being. major resistance Turned support which is major level, but there are other smaller levels to take into account for price to reverse in the sort term.

Longer term, Dollar Bullish.

Shorter term, some support around 1170 on FXCM USDOLLAR and then down to levels shown. (USD Index could bounce at 89.50.) till then we go down.

Attached Image (click to enlarge)
Click to Enlarge Name: 2 USDX weekly 05 2016.png Size: 16 KB
Indicators only Indicate, Price action dictates.
  • #1,065,556
  • Edited 10:27pm May 1, 2016 1:04pm | Edited 10:27pm
Quoting joe123
Hi, Trading made simple. EURUSD weekly below. I am BULLISH So we should be buying on dips NOT selling like many people are doing here. check out the "x". they are going higher, not lower. The Arrows show longer term supply and demand and the spiked (SUPPLY) level shows the sellers have been washed out. we are making higher highs/lows on daily ("x&quot, so we should continue in that direction till price changes direction. will do follow up charts on LTF. Till next time, wait for a pull back on 4 hour/daily then buy. Stick with the...
Obviously, a strong resistence doesn't mean anything to you You could be right only because that resistence was tested too many times up until now, that makes it possible to be breaked soon. Ok, good luck
Member
  • #1,065,557
  • May 1, 2016 1:28pm May 1, 2016 1:28pm
Quoting joe123
Hi, Trading made simple. EURUSD weekly below. I am BULLISH So we should be buying on dips NOT selling like many people are doing here. check out the "x". they are going higher, not lower. The Arrows show longer term supply and demand and the spiked (SUPPLY) level shows the sellers have been washed out. we are making higher highs/lows on daily ("x"), so we should continue in that direction till price changes direction. will do follow up charts on LTF. Till next time, wait for a pull back on 4 hour/daily then buy. Stick with the Trend.. {image}
I agree with you. Price action is quite obvious here. And I'm pretty convinced EUR/USD will spike higher. Resistances break sometimes too you know... and this case would be perfect because a lot of traders are short. So maybe we have a nice spike up, to clear those S/L and then reverse in a few months when FED actually raises interest rate.

ValentinoFx
  • #1,065,558
  • May 1, 2016 1:41pm May 1, 2016 1:41pm
Quoting tunera
eu at 1.1361 now, mind the gap
better to wait tell market open
  • #1,065,559
  • Edited 3:47pm May 1, 2016 1:42pm | Edited 3:47pm
Well...there is a new week in front of us..

Last Friday the count was working perfect. I overviewed my count... checked it...did a fine-tune over it and here his my view for the moment.

I still think we can see a minor blip up to 1,1464-73 for completing the wave iii (maroon count)...anyway it's also possible we just saw our high....!
Wave ii was retraced 65% so with that I expect the wave iv retracing 25% and so it can stall around 1,1422 (funny enough it's again around the daily pivot)
After that we need to look for the wave v probably around 1,1541-57 (estimated value)

The wave iv is a correction and must consist out of an abc move ( can be a complex correction: flat, expanded flat etc...etc or even a combination of all that...or just an abc (5-3-5 move). Wave ii (maroon color) was simple....so it could be that this wave iv is a complex one...

Be careful.... Good luck and have a good day!!

ps: I still say...my count can ofcourse break! Use always other indicators for more confirmation!!
Attached Image (click to enlarge)
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You can manage risk, but you can't manage the return
  • #1,065,560
  • May 1, 2016 3:58pm May 1, 2016 3:58pm
Quoting Davit
{quote} Sorry about your loss. Just be aware that fundamentals play critical role in trading(very few cover this aspect of trading in FF)anticipation was further decline of USD after the Feds kept the rates unchanged and this after series of red economical data on US economy. Hope you recover.Don't get into "revenge" mode and place hasty trades.Take your time. Jesse Livermore perhaps greatest trader ever (local Massachusettian) after blowing his account worth hundreds of thousands borrowed 10k from a broker and spend 2months doing nothing but reading...
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