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  • #1,080,541
  • Nov 17, 2016 4:34am Nov 17, 2016 4:34am
Quoting pipshaman
'Morning guys! I guess today is all about Yellen's testimony!? Regards!
We've already been ~50pps. higher ahead Yellen
Member
  • #1,080,542
  • Nov 17, 2016 4:40am Nov 17, 2016 4:40am
Quoting Don96
WOW - bastards got my stops perfectly at 84 before rising, fucking joke
1.0699 will be tested before moving higher mate, patience.
  • #1,080,543
  • Nov 17, 2016 4:51am Nov 17, 2016 4:51am
Quoting Connors
{quote} 1.0699 will be tested before moving higher mate, patience.
u mean u r holding shorts like right now??
Keep the Lights on then you can catch the rise from the dark.
  • #1,080,544
  • Nov 17, 2016 4:55am Nov 17, 2016 4:55am
Quoting ricmaj
{quote} u mean u r holding shorts like right now??
No shorts for me mate.Waiting for 1.0699 and reaction to it.
  • #1,080,545
  • Nov 17, 2016 4:59am Nov 17, 2016 4:59am
The way I see it next:
1. bad CPI following a bad PPI;
2. Yellen will confirm hike (no surprise) ...but on dovish tone;
3. Oil resumes the upwards move;
Attached Image (click to enlarge)
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Member
  • #1,080,546
  • Nov 17, 2016 5:03am Nov 17, 2016 5:03am
Quoting Connors
{quote} No shorts for me mate.Waiting for 1.0699 and reaction to it.
bulls seem like they are in/want control looking at priice
  • #1,080,547
  • Nov 17, 2016 5:04am Nov 17, 2016 5:04am
Quoting Connors
{quote} 1.0699 will be tested before moving higher mate, patience.
Connors do use fibs as a major part of your trading style? How are you getting your levels? I'm just interested as I have some similar numbers to the ones you call.
  • #1,080,548
  • Nov 17, 2016 5:06am Nov 17, 2016 5:06am
EUR/USD is trading relatively unchanged in today's session. The pair is gravitating towards 1.0720 while market participants are expecting the latest US CPI data scheduled for later today.
  • #1,080,549
  • Edited 5:28am Nov 17, 2016 5:18am | Edited 5:28am
Quoting Don96
{quote} bulls seem like they are in/want control looking at priice
The bears are tired ...bears want more but there's no fundamental ammo left anymore

edit: wait Yellen & US inflation data (CPI) ...expected to come out good for the bulls
Member
  • #1,080,550
  • Nov 17, 2016 5:27am Nov 17, 2016 5:27am
Attached Image (click to enlarge)
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  • #1,080,551
  • Nov 17, 2016 5:45am Nov 17, 2016 5:45am
Quoting oztrader79
{quote} Connors do use fibs as a major part of your trading style? How are you getting your levels? I'm just interested as I have some similar numbers to the ones you call.
Yes mate, it is mostly fibs mixed with daily trend lines and hidden gaps.
For instance 1.0667 I was talking about yesterday, I explained why it is important if you check my previous posts. I came up with 85.7% retracement levels after spending some time with trading fx, it proved to me very crucial to detect any reversal signs.
Yesterday's low was just 1 pip below it on my platform. We'll see if it is the bottom for the time being.

As for my entry plan @1.0699, again it is not rocket science London closed @1.0698 yesterday, it is usually the case that price comes back to previous London close before any major move happens.They call it filling orders. Also there is a tiny hidden gap at 1.0685, so I expect the price to drop to my entry level.

I am long biased, yes but there is a 38.2% retracement level @1.0764 - Friday's high to yesterday's low 1.0666 - which will provide some resistance at least so no point in taking a long right now.

If I do take the long, the sl has to be placed below 1.0637 - 30th November 2015 so in this case will set the sl @1.0625
  • #1,080,552
  • Nov 17, 2016 5:50am Nov 17, 2016 5:50am
Attached Image (click to enlarge)
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  • #1,080,553
  • Nov 17, 2016 5:56am Nov 17, 2016 5:56am
Quoting Connors
{quote} Yes mate, it is mostly fibs mixed with daily trend lines and hidden gaps. For instance 1.0667 I was talking about yesterday, I explained why it is important if you check my previous posts. I came up with 85.7% retracement levels after spending some time with trading fx, it proved to me very crucial to detect any reversal signs. Yesterday's low was just 1 pip below it on my platform. We'll see if it is the bottom for the time being. As for my entry plan @1.0699, again it is not rocket science London closed @1.0698 yesterday, it is usually...
Cheers for that, I appreciate the explanation. You can see from membership date I've been here a while, I prefer to watch and learn, while I do alright )almost to the level of replacing my regular work income), I have no pretence to being an expert, I am a work in progress - for this reason I don't post my callls much.

thanks again.
  • #1,080,554
  • Nov 17, 2016 6:06am Nov 17, 2016 6:06am
Quoting oztrader79
{quote} Cheers for that, I appreciate the explanation. You can see from membership date I've been here a while, I prefer to watch and learn, while I do alright )almost to the level of replacing my regular work income), I have no pretence to being an expert, I am a work in progress - for this reason I don't post my callls much. thanks again.

It's a never ending learning process mate so don't think we differ much. No need to act like you are the new Einstein and pretend you know it all. No one can and actually no one should have to. Succesful trading requires many other elements other than good entry levels for a trade.

As for making calls, I felt the need to make a few just to show that some members can understand how I am trading and maybe correct me if I am looking at it from a weird angle. Information is power and I value any opinion which is clearly explained and shared without being cocky about it. We all want the same thing, succeed with this. It is hard earned money that we are putting at risk.

Good luck mate! It's summer out there, hate your guts in between
  • #1,080,555
  • Edited 6:23am Nov 17, 2016 6:11am | Edited 6:23am
short at 1.0735 only looking for 20,

look for longs around 1.0710/07

Daily PP at 05

out

- wow im pissed, i dont see dollar having another good day today - the longs i had from sub 1.07 were ones to keep - fucking bastards - there isnt even anything at 84...
  • #1,080,556
  • Nov 17, 2016 6:15am Nov 17, 2016 6:15am
Quoting Connors
{quote} It's a never ending learning process mate so don't think we differ much. No need to act like you are the new Einstein and pretend you know it all. No one can and actually no one should have to. Succesful trading requires many other elements other than good entry levels for a trade. As for making calls, I felt the need to make a few just to show that some members can understand how I am trading and maybe correct me if I am looking at it from a weird angle. Information is power and I value any opinion which is clearly explained and shared...
Well that's why I like people who make a call to indicate a stop loss, why? Because that's the point your call was wrong. Without it it's likely the market will turn back eventually and you can eventually claim you were right. A stop loss is putting your money where your mouth is. And I agree about multiple factors being what makes a profitable trader. I can make great calls. Where I fall down is failing to take the loss - for me this is the secret to trading. Anyone can be a winner, but can you accept to be a loser? If you can then you are on your way to being a successful trader.

and yes, btw, a lovely 30 degrees Celsius day today blue sky....
  • #1,080,557
  • Nov 17, 2016 6:40am Nov 17, 2016 6:40am
bears could use 1.0742 to attempt a new lower level if we could break 0720ish. Still have my buy limit at 1.0657
Keep the Lights on then you can catch the rise from the dark.
  • #1,080,558
  • Nov 17, 2016 6:45am Nov 17, 2016 6:45am
Short 1: 1.077
Attached Image (click to enlarge)
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Short 2: 1.082
Short 3: 1.087
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  • #1,080,559
  • Nov 17, 2016 6:58am Nov 17, 2016 6:58am
Quoting edwinsieng
{quote} Dude. I hope you are on demo account. To expose and keep 30% loss floating in your account is not something many people will do unless you are talking about demo / 1k usd accounts. but seeing that you have 30k usd account, you need to exercise money management and emotions control to survive and continue the game. good luck because I am in eu short.

No man its not demo thats my problem I don't know how to manage my money
  • #1,080,560
  • Nov 17, 2016 7:03am Nov 17, 2016 7:03am
aiming 0757 to short again.
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