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  • #1,074,621
  • Aug 26, 2016 2:26pm Aug 26, 2016 2:26pm
If you see my post at page 53724, the first pattern bullish gartley has been completed.
Now there can be a strong buy movement with TP around 1.1480 where the three bearish drive and bearish cypher will be completed and the down movement could start.

These are my ideas.

Regards and good week end.
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  • #1,074,622
  • Aug 26, 2016 2:40pm Aug 26, 2016 2:40pm
Quoting baherhosni
{quote} Hey buddy Don't go long on a limit.. wait for Yellen.. Just my advice..
I did go long a couple of times at that range but was just scalping, so all is well . Good advice though
  • #1,074,623
  • Aug 26, 2016 2:42pm Aug 26, 2016 2:42pm
Quoting Devart
If you see my post at page 53724, the first pattern bullish gartley has been completed. Now there can be a strong buy movement with TP around 1.1480 where the three bearish drive and bearish cypher will be completed and the down movement could start. These are my ideas. Regards and good week end. {image} {image} {image}

if you have that many lines on your graph you are doing everything wrong
  • #1,074,624
  • Edited 3:15pm Aug 26, 2016 2:58pm | Edited 3:15pm
Quoting Devart
If you see my post at page 53724, the first pattern bullish gartley has been completed. Now there can be a strong buy movement with TP around 1.1480 where the three bearish drive and bearish cypher will be completed and the down movement could start. These are my ideas. Regards and good week end. {image} {image} {image}
Now with the comment from yellen about a hike,are you still targeting 1.1480.

Don't you think it get pushed much lower?

Good weekend to.
  • #1,074,625
  • Edited 4:00pm Aug 26, 2016 3:37pm | Edited 4:00pm
Well, my view on long term is still short as yours.
The point is simply, the rate will be increased yes, but the nearest time about this possibility is 3 weeks by now if I not remeber wrong. Now I can not check the calender. In these weeks the market still moves up.
Furthermore it is not sure the rate will be increased in September.
The point is the ratio profit/loss in my case is almost 3 so is a risk that in my trading style can be taken.
For sure if the data about interest would have been next week I would have closed or even not opened my position.
No forget that there are several news release during the week that can move up or further down the cross
  • #1,074,626
  • Edited 4:29pm Aug 26, 2016 4:12pm | Edited 4:29pm
Sold at 1.128, took profit at 1.119...

InteractiveBrokers charged me daily interests -SGD6.15 for selling 100k EURUSD, while IG payed me daily interests +SGD7.94 for selling 210k EURUSD.

Are there any better broker than IG, in terms of daily interests paid (+SGD3.78 daily per 100k EURUSD sold) and spread (usually 0.6 pips)? Planning to shift funds to IG after liquidating stocks at IB...

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  • #1,074,627
  • Aug 26, 2016 4:55pm Aug 26, 2016 4:55pm
Quoting pytaz
{quote} Agree, 1.1298 confirms to me, my tp almost like yours 1.1211
My tp was hitted 👍
Gl for everyone
(It's not an advise, use your own head..)
  • #1,074,628
  • Aug 26, 2016 5:31pm Aug 26, 2016 5:31pm
Who's holding short's still?
  • #1,074,629
  • Aug 26, 2016 5:35pm Aug 26, 2016 5:35pm
Quoting Devart
If you see my post at page 53724, the first pattern bullish gartley has been completed. Now there can be a strong buy movement with TP around 1.1480 where the three bearish drive and bearish cypher will be completed and the down movement could start. These are my ideas. Regards and good week end. {image} {image} {image}

I like it..... But, Im just saying that you can always draw charts that find lines on a grid.... Time is never the factor. Truth is, Yellen opened her big mouth today... If she did it next week... Your chart would look different but you will still find trend lines that would put you at ease so you could make sense of the move........ For example; if the news was different today and feel even lower, you would have found a different line....
Back from the dead * ding fries are done *
  • #1,074,630
  • Aug 26, 2016 7:04pm Aug 26, 2016 7:04pm
Quoting 3Davy
{quote} Now with the comment from yellen about a hike,are you still targeting 1.1480. Don't you think it get pushed much lower? Good weekend to.
Let me see your chart line... I think we will wait for correction and the market will short again until level 461 in the fibo
  • #1,074,631
  • Aug 26, 2016 7:06pm Aug 26, 2016 7:06pm
Quoting venividivici
Who's holding short's still?
I take the profit first for correction and them short again in the right momemnt...
  • #1,074,632
  • Aug 26, 2016 9:08pm Aug 26, 2016 9:08pm
Quoting venividivici
Who's holding short's still?
Moi, not going long until we reach oversold levels.
  • #1,074,633
  • Aug 26, 2016 11:47pm Aug 26, 2016 11:47pm
Well,

if we follow the Buffett's famouce quote "sell high buy low", EUR/USD is currently in the middle of no where.

https://postimg.org/image/k3ul9mzg5/

with higher tendency to be more low then high.

Regards,

just speculation, as always.
  • #1,074,634
  • Edited 12:52am Aug 27, 2016 12:35am | Edited 12:52am
Quoting pytaz
{quote} still cann't accept (for now) that (black IV) is over, and was so short and quick... at the moment i think that market just forming wave A like in other pic.. who knows.. soon we gonna see was that the end of Black IV today, or just a beginning of big correction. gl {image} {image}
Glad to announce yesterday my tp (1.12111) was hit
next week i will start to search entry for long. Now it looks like we have full or almost full wave IV(black). It can be time for market to start its wave V(black)..
GL for everyone
(It's not an advise, use your own head..)
  • #1,074,635
  • Edited 5:26am Aug 27, 2016 1:13am | Edited 5:26am
Quoting ryder950
{quote} I like it..... But, Im just saying that you can always draw charts that find lines on a grid.... Time is never the factor. Truth is, Yellen opened her big mouth today... If she did it next week... Your chart would look different but you will still find trend lines that would put you at ease so you could make sense of the move........ For example; if the news was different today and feel even lower, you would have found a different line....
Hello, yes I am agree with you. In fact the buy limit order has been inserted before yellen's speech.
We will see what happened.
For sure not considering my patterns, now we are in a area with strong supporta so it could be move a little up in order to close my trade (before TP) if the scenario will still negative between mond and thu l. If the SL will be taken I will accept the lose; it is not possible always win
  • #1,074,636
  • Aug 27, 2016 1:30am Aug 27, 2016 1:30am
Quoting Devart
{quote} Hello, yes I am agree with you. In fact the buy limit order has been inserted before yellen's speech. We will see what happened. For sure not considering my patterns, now we are in a area with strong supporta so it could be move a little up in order to close my trade if the scenario will be down. Otherwise I will accept the lose; it is not possible always win
At the moment i think u have more chance to win than loose this trade
(It's not an advise, use your own head..)
  • #1,074,637
  • Aug 27, 2016 8:29am Aug 27, 2016 8:29am
Quoting Devart
{quote} Hello, yes I am agree with you. In fact the buy limit order has been inserted before yellen's speech. We will see what happened. For sure not considering my patterns, now we are in a area with strong supporta so it could be move a little up in order to close my trade (before TP) if the scenario will still negative between mond and thu l. If the SL will be taken I will accept the lose; it is not possible always win
I'm will you for the bounce up
Back from the dead * ding fries are done *
  • #1,074,638
  • Aug 27, 2016 8:47am Aug 27, 2016 8:47am
Bearish on the pair.
  • #1,074,639
  • Aug 27, 2016 1:07pm Aug 27, 2016 1:07pm
Quoting zlavafx
Well, if we follow the Buffett's famouce quote "sell high buy low", EUR/USD is currently in the middle of no where. https://postimg.org/image/k3ul9mzg5/ with higher tendency to be more low then high. Regards, just speculation, as always.

Warren buffet made his money throwing darts at any stock, he invested in a time any one could have made money in just about any stock.
  • #1,074,640
  • Aug 27, 2016 1:17pm Aug 27, 2016 1:17pm
Quoting zlavafx
Well, if we follow the Buffett's famouce quote "sell high buy low", EUR/USD is currently in the middle of no where. https://postimg.org/image/k3ul9mzg5/ with higher tendency to be more low then high. Regards, just speculation, as always.
Quoting investing101
{quote} Warren buffet made his money throwing darts at any stock, he invested in a time any one could have made money in just about any stock.

Yeah, but highs and hows are relative to time frame and time.. this is a concept that most traders tend to ignore..

A good way to try to explain just one aspect of this notion is the trend line. If the line is at a price during the current candle on a particular time frame, that price may be somewhat different on a another time frame but must be different on the following candle.. And so on..

And it is the traders analysis skills that provides the ability to judge when we are high or low and "when" and "where" to place a trade..

Sounds great but needs a lot of chart time and knowledge to achieve. And you never stop learning..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
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