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  • #1,069,561
  • Jun 8, 2016 6:01am Jun 8, 2016 6:01am
Quoting micho
{quote} so... yeh... ummm... {image}
good i swallowed a 30 pips loss on audusd, not going my way... lets wait for another
When life gives you lemons, make lemonade
  • #1,069,562
  • Jun 8, 2016 6:09am Jun 8, 2016 6:09am
Quoting Don96
{quote} if you see my previous image posts, you'll see it isn't wishful thinking you see I cant be like why are you short because ive been long for couple of weeks and as you can see we were heading pretty straight down from 1.16 - I lost a bit, but ive made more than enough back on EU alone in just the one trade... my chart wont make sense to you but ill try another method...# in fact, you see how the high has just been broken... I suspect that 1.125xx will be the max retrace we will see before minimum 1.150x/1x and then 1.164x there are blips...
so the circles are reversal (the colour change at the highs and lows, I posted it as it was happening last week I think)

the green lines are just some levels to look at... purple numbers/lines are approximately correct, but those numbers are where ill try shorts, red X is my suspected maximum retrace for the highs...
see status for more info
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  • #1,069,563
  • Jun 8, 2016 6:09am Jun 8, 2016 6:09am
Short, 1.139 - Lets test that trend line again.
  • #1,069,564
  • Jun 8, 2016 6:14am Jun 8, 2016 6:14am
Buy euro its breakout time
  • #1,069,565
  • Edited 6:48am Jun 8, 2016 6:15am | Edited 6:48am
Quoting Not-KPMG
{quote} hi again. And Yanitsa..... Well, the pound may be easy to trade and even easier if someone helps you. Look at last week - the smallest gossip or 'poll' makes big move. Wasn't it at 05:00 in the morning that pound dropped 100 pips.? Then at 09am came the 'surprising news' on BRexit polls. One might ask how is that possible We people who burned themselves more than once, have very good idea why. ..... Anyway, all traders are different. ... In absence of news will E/U creep up to 1.1420 ?
I fully understand you and I wish Forex was about free market and economic performance. Unfortunately, it is not. There are many different influences and some of them have nothing to do with common sense.
E.g. foreign currency reserves. They are reported in USD. Imagine a central bank that has reserves USD 80 and EUR 20.
If EURUSD is 1.5, the bank reports its reserves 80 + (20*1.5) = 110 USD.
If EURUSD is 1.0, the bank reports its reserves 80 + (20*1.0) = 100 USD.
The higher EURUSD exchange rate, the better the report looks. Stupid.
And there are many other less or more stupid factors.
Patience is a key to joy.
  • #1,069,566
  • Jun 8, 2016 6:16am Jun 8, 2016 6:16am
Quoting Don96
{quote} breakout coming on EU

1.1417 perhaps some resistance
  • #1,069,567
  • Jun 8, 2016 6:37am Jun 8, 2016 6:37am
Quoting Don96
{quote} 1.1417 perhaps some resistance
Lets hope.

Iam short with safe stoploss.
  • #1,069,568
  • Jun 8, 2016 6:43am Jun 8, 2016 6:43am
Short 1405.
Everyone can see the chart, but only a few can actually read it.
  • #1,069,569
  • Jun 8, 2016 6:45am Jun 8, 2016 6:45am
Quoting OnlineAddict
Short 1405.
  • #1,069,570
  • Jun 8, 2016 6:48am Jun 8, 2016 6:48am
There is few days accumulation (bids) so we likely see today 1.1445/55. If for some reason pair cant close current hour above 00 level there could be a little push lower but thats another story.

Now, need to first look in smaller detail behaviour on respective euro and dollar strength on this flip-level we are right in now.

Take care.
They think they are smarter than I am.
  • #1,069,571
  • Jun 8, 2016 6:49am Jun 8, 2016 6:49am
Quoting OnlineAddict
Short 1405.
I am trying short as well. Tight sl.
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  • #1,069,572
  • Jun 8, 2016 6:50am Jun 8, 2016 6:50am
Quoting Raa
{quote} I am trying short as well. Tight sl. {image}


from what ive seen, usually this guy is right...
  • #1,069,573
  • Jun 8, 2016 6:52am Jun 8, 2016 6:52am
Quoting Don96
{quote}
Not looking for much...yet... Maybe 1365 first, but if we broke below 1350, I would probably hold until 1200 or below, lets see what happens, could be that London fix will kill this short right away.
Everyone can see the chart, but only a few can actually read it.
  • #1,069,574
  • Jun 8, 2016 6:53am Jun 8, 2016 6:53am
Quoting Don96
{quote} from what ive seen, usually this guy is right...
I think bulls will eat me alive here.

By the way, this is not standard strat. for me, usually I don't pick tops/bottoms.
  • #1,069,575
  • Jun 8, 2016 6:53am Jun 8, 2016 6:53am
Quoting OnlineAddict
{quote} Not looking for much...yet... Maybe 1360+- first, but if we broke below 1350, I would probably hold until 1200 or below, lets see what happens, could be that London fix will kill this short right away.
well I see your sensible and right quite a bit, so for that I don't mind wishing the wrong direction upon you gl anyway I see the reasoning
  • #1,069,576
  • Jun 8, 2016 7:07am Jun 8, 2016 7:07am
Quoting Z3iz3i
There is few days accumulation (bids) so we likely see today 1.1445/55. If for some reason pair cant close current hour above 00 level there could be a little push lower but thats another story. Now, need to first look in smaller detail behaviour on respective euro and dollar strength on this flip-level we are right in now. Take care.
You could be wright.

Better to wait for shorts after better economic date from usa.

If it comes.
  • #1,069,577
  • Jun 8, 2016 7:21am Jun 8, 2016 7:21am
Will try another short at 4H channel top 1.1425
Attached Image
  • #1,069,578
  • Jun 8, 2016 7:33am Jun 8, 2016 7:33am
Quoting 3Davy
{quote} You could be wright. Better to wait for shorts after better economic date from usa. If it comes.
Yes. Usdjpy is keeping dollar not breakin' yet with enough demand to support.

This is really big level in terms of currency indexes and their derivates and there may be need for 20-30 pips up-down for some time on eurusd.
They think they are smarter than I am.
  • #1,069,579
  • Jun 8, 2016 7:35am Jun 8, 2016 7:35am
TP set to 1.17xx
  • #1,069,580
  • Jun 8, 2016 7:49am Jun 8, 2016 7:49am
Quoting Raa
{quote} I think bulls will eat me alive here. By the way, this is not standard strat. for me, usually I don't pick tops/bottoms.
You try it- it makes many dollar
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