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  • #1,066,461
  • May 6, 2016 3:57pm May 6, 2016 3:57pm
from 2K to 2 mln + overnight I guess he got very lucky at a national lottery.
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  • #1,066,462
  • May 6, 2016 4:06pm May 6, 2016 4:06pm
Quoting asgcorp
from 2K to 2 mln + overnight I guess he got very lucky at a national lottery. {image}
What happened here? From 2,000,000 to 2,770?
  • #1,066,463
  • May 6, 2016 4:25pm May 6, 2016 4:25pm
Quoting asgcorp
from 2K to 2 mln + overnight I guess he got very lucky at a national lottery. {image}
He was probably a millionaire who decided to trade Forex for Hobby after a test drive. OR he Convinced many SUCKERS to invest in one single account.
  • #1,066,464
  • May 6, 2016 5:07pm May 6, 2016 5:07pm
Eur/Usd is right back to where it started due to mixed US data, trading almost flat, leave the pair's direction undecided. Upside seems limited, on the downside immediate support level can be found at today's low at 1.1386.
  • #1,066,465
  • May 6, 2016 5:13pm May 6, 2016 5:13pm
Quoting vodanh
{quote} He was probably a millionaire who decided to trade Forex for Hobby after a test drive. OR he Convinced many SUCKERS to invest in one single account.
I don't believe he is a millionaire. If this person was working for a equity trading firm, they would not allow this much of a loss. Would most likely get fired from the job. I think this person had a great advertising idea, got a lot of people to invest, possibly from let's say $10,000 and up so a lot of people invested $10,000 some put 30,000 some put 50,000. Now take a look at the loss. Also what is possible is the fact no matter the losses, this person earned percentage. People need to understand, if you have money to invest, either learn it on your own and trade your own money or invest in real estate.
  • #1,066,466
  • May 7, 2016 6:38am May 7, 2016 6:38am
For those that might be interested:

Inserted Video
  • #1,066,467
  • May 7, 2016 2:41pm May 7, 2016 2:41pm
Short on the short-term.
  • #1,066,468
  • May 7, 2016 2:56pm May 7, 2016 2:56pm
I can see why a lot of people are short, but shorting now into support doesn't make sense? i mean could someone explain?

i have seen posts of USD charts and looks like it may have found a bottom for now? who knows?
  • #1,066,469
  • May 7, 2016 5:27pm May 7, 2016 5:27pm
there is a big confluence of support nearing at 1.1380-1.1385 region.

61.8% Fib as well as 100.0% Fib extension (red boxes)
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  • #1,066,470
  • May 7, 2016 6:13pm May 7, 2016 6:13pm
hello sunday!

my euro on 4 hours TFRAME
hope this could help
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  • #1,066,471
  • May 7, 2016 6:15pm May 7, 2016 6:15pm
Quoting smilemiz
hello sunday! my euro on 4 hours TFRAME hope this could help {image}
Daily
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  • #1,066,472
  • May 7, 2016 6:16pm May 7, 2016 6:16pm
Quoting Ignat B.
I've just moved my stop-loss to the breakeven level ))) {image}
not bad
  • #1,066,473
  • May 7, 2016 6:19pm May 7, 2016 6:19pm
Quoting Don96
I can see why a lot of people are short, but shorting now into support doesn't make sense? i mean could someone explain? i have seen posts of USD charts and looks like it may have found a bottom for now? who knows?
the old strong support area will vanish and invalid on next weeks
  • #1,066,474
  • May 8, 2016 3:27am May 8, 2016 3:27am
Quoting smilemiz
{quote} the old strong support area will vanish and invalid on next weeks
perhaps it will vanish on next week, but bounce before is likely no? I just don't get why people are selling into support.. there were so many opportunities to sell above 1.5....

I'm going for 1.16/1.17 and bull target of 1.18 from here... if closes below 1.1390 then bears have 1.127x/5x target, which is also cheaper seats for bulls for the same targets of 1.16+ so either way I'm game
  • #1,066,475
  • May 8, 2016 4:51am May 8, 2016 4:51am
eu is at major res ,,with a 160 pip wick to the upside ,which is why its unlikely to continue to move up past as before
major res V minor support,d1,w1 bear
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,066,476
  • May 8, 2016 5:19am May 8, 2016 5:19am
Quoting Bones
eu is at major res ,,with a 160 pip wick to the upside ,which is why its unlikely to continue to move up past as before major res V minor support,d1,w1 bear {image} {image}
This and your USD chart is whats making me ponder my probability at 1.16/1.17/1.18 for my longs at 1.139 and 1.14 :

I had three shorts from around 1.15 and closed 1 out down at 1.14, perhaps I should have kept it and hedged, that way one would have worked and one wouldn't, but oh well, worst is s/o on these two eh.

as always cheers bones
  • #1,066,477
  • May 8, 2016 6:28am May 8, 2016 6:28am
Agreed. There is more likelihood of a further southward move. The MP was tested and there is a bearish disposition on daily, weekly and monthly charts. Nevertheless, let's see what PA we have on Monday.

KP

Quoting Bones
eu is at major res ,,with a 160 pip wick to the upside ,which is why its unlikely to continue to move up past as before major res V minor support,d1,w1 bear {image} {image}
Do your homework, follow the footprints of smart money
  • #1,066,478
  • May 8, 2016 7:06am May 8, 2016 7:06am
1.1350 is good level to buy for 1.16
  • #1,066,479
  • May 8, 2016 9:41am May 8, 2016 9:41am
My new trading video. The coming week is going to be so interesting

Inserted Video
Trend is your the best friend. Ever
  • #1,066,480
  • May 8, 2016 2:08pm May 8, 2016 2:08pm
for those who are interested, EU happed down 2 pips on bloomberg's open 1.1402 atm
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