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  • #1,080,921
  • Nov 20, 2016 1:13pm Nov 20, 2016 1:13pm
Hi
Quoting pipshaman
{quote} Hmmm....Your positions are very hard to manage with only a free margin of 140% which is in fact a margin call (I always try to keep a free margin of 2000%). The problem is that no one knows when and at what levels a correction to upside will occur. The correction will come for sure because the market must mark the profit, this happens especialy at the end of every month because the big boys must re-balance their portofolios. Usualy a correction of 300 pips is normal, if the correction will come from, let's say, 1.050 -460 it means 1.08-0760,...
Hey pipshaman, thank you, I appriciate that, and I mean it. Yes I can add money to have 500% Free margin, but for sure I'll be scared as hell.
But I have to do it. I can't simply close all the positions and swallow it without trying to fight it.
If I spot that retrace (1.07 / 1.08) i'm tampted to buy it and recover something, and then open the shorts after i close one of the buy orders... (the lower one ?)
I've been reading lots of analysis these days, and there are some contemplating a big retrace, even further than 1.08, but I really can't see it.
I'm of course, maybe for the second time in my trading life (since 2013) clueless and out of control, but I'm trying my best to clear my head and stay cool. At this time basically anything can happen with eurusd.....
  • #1,080,922
  • Nov 20, 2016 1:25pm Nov 20, 2016 1:25pm
Quoting onedollar
Hi {quote} Hey pipshaman, thank you, I appriciate that, and I mean it. Yes I can add money to have 500% Free margin, but for sure I'll be scared as hell. But I have to do it. I can't simply close all the positions and swallow it without trying to fight it. If I spot that retrace (1.07 / 1.08) i'm tampted to buy it and recover something, and then open the shorts after i close one of the buy orders... (the lower one ?) I've been reading lots of analysis these days, and there are some contemplating a big retrace, even further than 1.08, but I really...
if your account can tolerate 500pip loss(at the worst case scenario which next to impassible to happen) ,it is almost good to buy and hold as much eur as you want for 1.075-1.08.
  • #1,080,923
  • Nov 20, 2016 3:07pm Nov 20, 2016 3:07pm
Marine Le Pen takes huge lead over Nicolas Sarkozy in French first round presidential election poll.

This is bad news for euro buyers ,they should pray Juppé wins over Sarkozy tonight.
  • #1,080,924
  • Nov 20, 2016 3:12pm Nov 20, 2016 3:12pm
Quoting onedollar
..... I can't simply close all the positions and swallow it without trying to fight it. If I spot that retrace (1.07 / 1.08) i'm tampted to buy it......
these days, and there are some contemplating a big retrace, even further than 1.08, but I really can't see it. I'm of course, maybe for the second time in my trading life (since 2013) clueless
..... ÂÂthis time basically anything can happen with eurusd.....
Hi all
Few things, I was thinking over.
Can i invite all for objective discussion?
Â
About your situation my friend, a loss is already there. Close now and start anew. Just idea.
ÂÂ
About myself - i was somehow lured into these longs.....Don't realised it even. I saw the fakenes of "Trump spike". Closed shorts 0900 i think. Stupid. Now I'm not sure. Weekly, ÂÂmontly..... I might start shorting.
Â
3. Yanitsa is right. When all crooked banks shout parity we need to buy. UP....
Â
4. Trump is a fake card. Make America great is impossible. He might say make the Earth flat again. The less intelligent people bought it.... ÂBut will the US dollar grow??? Why?? Dollar need weakness to export, to make America fake again.... So E UP.
Â
5. The FED crooks are in few weeks. So now E DOWN.
Â
6. After FED euro up. It's no question. So are people ready to buy now, keep long and risk margin call? Depends... So talk later.
Â
I'll trade intradays and think more. But my sketchy analisys has 2 UP 1 DOWN. 1 LATER.
1.0600 right now. If 1.0820 is achievable I'll take it. And short it big.
Â
Ideas??
Beware of robber banks (RB), bad advisors.
  • #1,080,925
  • Nov 20, 2016 3:20pm Nov 20, 2016 3:20pm
Quoting arash66110
Marine Le Pen takes huge lead over Nicolas Sarkozy in French first round presidential election poll. This is bad news for euro buyers ,they should pray Jupp wins over Sarkozy tonight.
Former prime ministers Francois Fillon and Alain Juppe were seen qualifying for a second round runoff of France's conservative primaries on Sunday, first partial results of the vote showed, in what would be a major upset for ex-president Nicolas Sarkozy.

hopefully he is going to lose.
  • #1,080,926
  • Edited 4:24pm Nov 20, 2016 3:43pm | Edited 4:24pm
Quoting Not-KPMG
{quote} Close it at 1.0613. Open longs. Also open 0594. GL
Â
I hope my advice was helpful for few guys? I mean the zigzag action. Who knows the euro is a play-toy and jumps like crazy ball??
Â
Anyways, i might not trade Monday, Draghi, the rest of them....
News Wednesday.
Â
Question: if it gaps up, will you push down or buy???
Â
PS: i took a picture of my LUNCH TABLE this weekend
Was yours better??Â
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Beware of robber banks (RB), bad advisors.
  • #1,080,927
  • Nov 20, 2016 3:52pm Nov 20, 2016 3:52pm
So this is not feasible according to some of you? What's the proper analysis in this case then?
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Capital preservation, live to trade another day
  • #1,080,928
  • Nov 20, 2016 4:28pm Nov 20, 2016 4:28pm
Quoting onedollar
First of all Thank you guys for your support. Between the two scenarios ( A) Quick fast retrace to 1.08 or more. OR B) Keep going down till 1.04 and more ) I have to take a decision for my exit plan. Let's say I don't want to lose more than 20k. SITUATION: EURUSD buy 1.11250 Lots: 5.00 EURUSD buy 1.10343 Lots: 5.00 EURUSD buy 1.09129 Lots: 5.00 Balance at 1.05879 is - 63k leverage: 1:100 Free margin 140% but I can add more to avoid any margin call. What would you do at market open ? Long 5.00 Lots if the price doesn't break down 1.04 or Short something...
1$ Pipshaman advised you very well. Don't add any more long positions. I understand you are traped in an unpleasant situation. You should not trade when you are not sure about the direction of the market.
Trade only when sure and confident.
You are about to make new mistakes... Get a distance from the field.

Wish you wisdom.
  • #1,080,929
  • Nov 20, 2016 4:29pm Nov 20, 2016 4:29pm
Long 589, target 685.
Everyone can see the chart, but only a few can actually read it.
  • #1,080,930
  • Nov 20, 2016 4:31pm Nov 20, 2016 4:31pm
Quoting arash66110
but 1.04-1.03 may possible as some bigboyes said two weeks ago it is their target.
Big boys who move the market don't "announce" it to anyone.
Everyone can see the chart, but only a few can actually read it.
  • #1,080,931
  • Nov 20, 2016 4:46pm Nov 20, 2016 4:46pm
The pair seems drop fast, I would expect a slight recovery in Eur/Usd next week beford testing parity.
  • #1,080,932
  • Edited 6:45pm Nov 20, 2016 6:10pm | Edited 6:45pm
Quoting suthmo
End of the road Jack, on with the show. Grab ur popcorn and buckle up cause we're going to plad. {image} {image}
Got nice 123 entry set up on the Euro charts. I've been confirming and counting and confusing everyone. This is my other mode, super simple, basic as it gets, complete surefire trading system. Full guide

It's about bloody time this pair turns around, I've been waiting waiting zzZZZ
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Founder of Sutherland Wave Principle
  • #1,080,933
  • Nov 21, 2016 12:17am Nov 21, 2016 12:17am
I suspect very low volatility today unless Draghi says something drastic.
  • #1,080,934
  • Nov 21, 2016 12:17am Nov 21, 2016 12:17am
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  • #1,080,935
  • Nov 21, 2016 12:55am Nov 21, 2016 12:55am
Small Long. SL will be under 1.05 (and will add at 1.0524)
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  • #1,080,936
  • Nov 21, 2016 1:13am Nov 21, 2016 1:13am
My Intraday Outlook

Although euro bears seem tired now, ...obviously, E/U technically bearish.
The significant technical (positive) correction is still expected but USD it's getting stronger.
And people keep selling, take their profits ...and sell again(!)

My Intraday S/Rs:
- resistance: 1.0630, 1.0666 the Weekly_Pivot lvl.;
- support: 1.0530;

...1.6000 looks like a tricky center for a range point (intraday choppy movement around that lvl.)

No big news in the calendar until Wednesday (FOMC!)
Witch can possibly involve no big moves for E/U till then,
So, -> kinda range chart structure expected.

But mind the fact that low liquidity days makes the charts very vulnerable at the big players entries,
So, -> some little spike hazard warning until Wednesday.

Draghi's speeches are harmful now because there's no more substance left (no more financial startegy)
and there's no more other possible surprising actions to come up with in order to improve the EU economy.
So, -> no surprise, no game (from Draghi in Strasbourg today)

Good trading all!
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Member
  • #1,080,937
  • Nov 21, 2016 1:27am Nov 21, 2016 1:27am
Seems like the correction has started, but it is just a retracement.. so I will find an opportunity for selling positions.
  • #1,080,938
  • Nov 21, 2016 1:32am Nov 21, 2016 1:32am
Quoting Nabz
I suspect very low volatility today unless Draghi says something drastic.
Hi, Nabs!
I'm very skeptical about Draghi today. No more strength!
...and just between you and me: Nor even the Feds (FOMC) can't bring anything new
And where it's the big correction? ...I mean the big one, not some kind of intraday profitable buying moment like now
Member
  • #1,080,939
  • Nov 21, 2016 1:36am Nov 21, 2016 1:36am
So , City guys didnt take profit late friday , I guess they'd decided to do it early monday .
Cool .
Watch the upper resistance line on 1h/4h chart
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  • #1,080,940
  • Nov 21, 2016 1:51am Nov 21, 2016 1:51am
EU sell activated

Trade Entry Reasons:

1. Probable bearish bat with point D at 1.0633

2. Sentiment trade as taught by Henry Liu regarding Draghi's speech later today
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